证券代码：002674 证券简称：兴业科技 公告编号：2024-059 兴业皮革科技股份有限公司 关于为子公司提供担保的进展公告（六） 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 兴业皮革科技股份有限公司（以下简称"公司"）于 2024 年 4 月 20 日召开第 六届董事会第七次会议，会议审议通过了《关于公司为子公司提供担保额度的议 案》，该议案于 2024 年 5 月 15 日经公司 2023 年度股东大会审议通过。公司向下 属子公司提供累计不超过 12.3 亿元的新增担保额度，其中为子公司福建瑞森皮 革有限公司（以下简称"瑞森皮革"）提供担保额度 26,000 万元，担保额度的有 效期为自股东大会审议通过之日起 12 个月内。上述具体内容详见公司于 2024 年 4 月 23 日在《证券时报》《证券日报》及巨潮资讯网（www.cninfo.com.cn）披 露的《兴业皮革科技股份有限公司关于为子公司提供担保额度的公告》 （2024-018）。 一、担保情况概述 中国工商银行股份有限公司漳浦支行（以下简称"工行漳浦支行"）批准向子 公司瑞森皮革提供额度 ...

证券代码：002674 证券简称：兴业科技 公告编号：2024-058 兴业皮革科技股份有限公司 关于控股股东部分股份质押延期及补充质押的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 兴业皮革科技股份有限公司（以下简称"公司"）近日接到公司控股股东石河 子万兴股权投资合伙企业（有限合伙）（以下简称"万兴投资"）的通知，获悉万 兴投资与广发证券股份有限公司（以下简称"广发证券"）就部分已质押股份办 理了延期购回业务，万兴投资还与广发证券就部分股份办理了补充质押业务，具 体内容如下： 一、股东股份质押延期及补充质押的基本情况 3、股东股份累计质押情况 截至公告披露日，控股股东及其一致行动人所持股份质押情况如下： | | | | | | | | 已质押股份 情况 | | 未质押股份 情况 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 本次质押前 | 本次质押 | 占其所 | 占公司 | 已质押 | | 未质押 | | | 股东名称 | 持股数量 ...

Investment Rating - The report maintains a "Buy" rating for the company, with a target price of 10.05 yuan [5][14] Core Views - The company's 24Q3 revenue was 7.5 billion yuan, a year-on-year increase of 1%, while net profit attributable to the parent company decreased by 35% to 0.5 billion yuan [1] - For 24Q1-3, the company's revenue was 20 billion yuan, up 4% year-on-year, with net profit attributable to the parent company decreasing by 37% to 1.1 billion yuan [1] - The company's gross margin for 24Q1-3 was 21.27%, a decrease of 0.3 percentage points year-on-year, and the net profit margin was 7.7%, down 2.88 percentage points [1] - The company's asset impairment loss for 24Q1-3 was 0.87 billion yuan, compared to 0.48 billion yuan in 23Q1-3, mainly due to increased inventory write-downs [1] - The company's subsidiary increased capital in its secondary subsidiary, Lianhua Leather, to support its daily working capital needs and expand overseas production capacity [1][3] Financial Performance and Forecast - The company's 24Q1-3 revenue growth was 4%, with a net profit decline of 37% [1] - The company's EPS for 24-26 is forecasted to be 0.5 yuan, 0.7 yuan, and 0.9 yuan, respectively, with PE ratios of 19X, 14X, and 11X [4] - The company's revenue for 2024E is projected to be 2,847.99 million yuan, with a growth rate of 5.5% [7] - The company's net profit attributable to the parent company for 2024E is expected to be 153.77 million yuan, a decrease of 17.47% year-on-year [7] Production and Market Strategy - The company has multiple production bases, including Anhai Plant, Andong Plant, and subsidiaries such as Ruisen Leather and Xingning Leather [1] - The company's products cover a wide range, including leather for shoes, bags, automotive interiors, and electronic coverings [1] - The company's strong production capacity allows for resource integration in raw material procurement, giving it strong bargaining power with suppliers [2] - The company's diversified products, channels, and customer base ensure stable demand and help reduce fixed costs through economies of scale [2] Overseas Expansion - The company's subsidiary increased capital in Lianhua Leather, located in Indonesia, to tap into the local market potential and improve overseas production layout [3] - Indonesia, with a population of over 270 million, is the world's fourth-largest shoe producer and third-largest shoe exporter, offering significant market opportunities [3]

Investment Rating - The report maintains a "Buy" rating for the company [5][6]. Core Views - In the short term, the company's performance in Q4 is expected to remain under pressure due to a weak consumption environment, but there is potential for earnings elasticity in the following year driven by overseas capacity release and active customer acquisition in the automotive leather sector [5]. - Long-term growth prospects are promising as the company expands its export business into the sports industry, having already entered the supply chains of global sports brands like VF and Adidas, which could enhance growth and valuation [5]. - The new businesses, Hongxing and Baotai, are positioned for high growth due to platform advantages and favorable industry conditions, contributing to the company's expected growth [5]. Summary by Sections Financial Performance - In Q3, the company achieved revenue of 752 million, a year-on-year increase of 1.1%, while net profit decreased by 34.9% to 53 million [3][4]. - For the first three quarters, total revenue reached 2.014 billion, with a net profit of 110 million, reflecting a year-on-year change of 3.8% and a decline of 36.8% respectively [3][4]. - The automotive leather segment showed significant growth, with expectations of over 30% revenue growth in Q3, driven by strong sales in the new energy vehicle market [4]. Profitability - The overall gross margin for Q3 declined by 0.9 percentage points to 22.8%, influenced by the main business's performance [4]. - The net profit margin fell by 3.9 percentage points to 7.0%, with various factors including increased inventory impairment losses and higher operating expenses contributing to this decline [4]. Future Projections - The company forecasts net profits for 2024, 2025, and 2026 to be 190 million, 240 million, and 280 million respectively, representing year-on-year growth rates of 0.5%, 27%, and 17% [5]. - The corresponding price-to-earnings ratios are projected to be 16, 13, and 11 times for the same years [5].

证券代码：002674 证券简称：兴业科技 公告编号：2024-057 兴业皮革科技股份有限公司 关于控股股东之一致行动人部分股份质押延期及补充质押 的公告 兴业皮革科技股份有限公司（以下简称"公司"）近日接到公司控股股东之一 致行动人吴国仕先生的通知，获悉吴国仕先生与国泰君安证券股份有限公司（以 下简称"国泰君安"）就部分已质押股份办理了延期购回业务，吴国仕先生还与 国泰君安就部分股份办理了补充质押业务，具体内容如下： 一、股东股份质押延期及补充质押的基本情况 | 股东名 称 | 是否为 控股股 东或第 一大股 | 本次质押延 期数量（股） | 占其所 持股份 | 占公司 总股本 | 是否 为限 | 是否 为补 充质 | 质押起 始日 | | | 质押到 期日 | | 延期后 质押到 | | 质权 人 | 质押用 途 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 东及其 一致行 | | 比例 | 比例 | 售股 | 押 | | | | | | 期日 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company reported a Q3 revenue of 752 million yuan, a year-on-year increase of 1.07%, while the net profit attributable to shareholders was 53 million yuan, a decrease of 34.86% [3] - For the first three quarters of 2024, the revenue reached 2.014 billion yuan, up 3.8% year-on-year, but the net profit attributable to shareholders fell by 37% to 109 million yuan [3] - Due to weak domestic demand affecting main business revenue and profits, the profit forecast has been revised downwards, with expected net profits for 2024-2026 at 160 million, 260 million, and 300 million yuan respectively [3] - The current stock price corresponds to a PE ratio of 16.3, 10.4, and 8.8 times for 2024, 2025, and 2026 respectively, with optimism about domestic demand improvement and international customer expansion [3] Summary by Sections Q3 Performance - Q3 revenue is expected to be 355 million yuan, down 7.8%, with a gross margin of 18.14%, a decrease of 2.6 percentage points [3] - The net profit for Q3 is projected at 11 million yuan, a significant drop of 75% due to decreased sales volume and market price pressure [3] Automotive Leather Segment - The automotive leather segment showed strong growth, with Q3 revenue expected to reach 221 million yuan, an increase of 31.26% [3] - The net profit for this segment is projected at 41.87 million yuan, up 41.85%, attributed to seasonal demand and improved cost management [3] Financial Metrics - The gross margin for Q3 is reported at 22.8%, down 0.9 percentage points, with a net profit margin of 7.0%, a decrease of 3.9 percentage points [4] - Operating cash flow for the first three quarters of 2024 improved to 170 million yuan compared to 5.56 million yuan in the same period of 2023 [4] Future Outlook - The company is focusing on expanding its export business, with overseas brand revenue contributing over 71 million yuan, a year-on-year increase of over 90% [3] - The expected production from the Indonesian factory in 2025 is anticipated to further increase the export ratio [3]

兴业皮革科技股份有限公司 第六届监事会第九次会议决议公告 本公司及监事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、监事会会议召开情况 证券代码：002674 证券简称： 兴业科技 公告编号：2024-056 1、全体监事以 3 票赞成、0 票反对、0 票弃权，通过了《关于公司 2024 年 第三季度报告的议案》。 监事会认为：董事会编制和审议公司 2024 年第三季度报告的程序符合法律、 行政法规和中国证监会的规定，公司 2024 年第三季度报告的内容能够真实、准 确、完整地反映公司的实际情况。 《兴业皮革科技股份有限公司 2024 年第三季度报告全文》具体内容详见巨 潮资讯网（www.cninfo.com.cn）。 特此公告。 三、备查文件 兴业皮革科技股份有限公司监事会 2024 年 10 月 26 日 1、公司第六届监事会第九次会议决议； 2、深交所要求的其他文件。 兴业皮革科技股份有限公司（以下简称"公司"）第六届监事会第九次会议的 通知于 2024 年 10 月 16 日以直接送达、传真、电子邮件并电话确认等方式送达 公司全体监事。会议于 2024 年 ...

Revenue and Profit - Revenue for Q3 2024 was ¥752,439,179.38, an increase of 1.07% year-over-year, while year-to-date revenue reached ¥2,013,839,864.56, up 3.77% compared to the same period last year[4] - Net profit attributable to shareholders for Q3 2024 was ¥52,580,477.98, a decrease of 34.86% year-over-year, with year-to-date net profit at ¥109,729,150.92, down 36.78% compared to the previous year[4] - Basic earnings per share for Q3 2024 was ¥0.1802, reflecting a decline of 34.86% year-over-year, while year-to-date basic earnings per share was ¥0.3760, down 36.77%[5] - The company's net profit decreased to ¥601,627,113.49 from ¥667,015,728.97, a decline of 9.81%[25] - The net profit for Q3 2024 was CNY 155,116,257.12, a decrease of 24.4% compared to CNY 205,449,047.65 in Q3 2023[27] Assets and Liabilities - Total assets as of the end of Q3 2024 amounted to ¥4,326,479,168.09, representing a 5.21% increase from the end of the previous year[5] - The company's total liabilities increased by 50.28% for short-term borrowings, amounting to ¥675,563,108.08, due to new bank loans taken during the period[9] - The total assets of the company reached ¥4,326,479,168.09, compared to ¥4,112,131,121.95, reflecting an increase of 5.21%[25] - Total liabilities increased to ¥1,727,321,741.39 from ¥1,498,710,011.26, reflecting a growth of 15.29%[24] Cash Flow - Cash flow from operating activities for the year-to-date was ¥169,667,887.16, showing a significant increase of 2,951.64% compared to the same period last year[4] - The cash flow from operating activities showed a net increase of CNY 169,667,887.16, compared to CNY 5,559,890.00 in Q3 2023[30] - The company recorded a significant increase in cash inflow from investment activities, totaling CNY 1,997,082,774.38, compared to CNY 835,235,053.70 in Q3 2023[30] - The cash outflow from financing activities decreased to CNY 770,018,174.82 from CNY 829,756,501.94 in the previous year[31] Shareholder Information - The total number of common shareholders at the end of the reporting period is 9,280, with the largest shareholder, Shihezi Wanxing Equity Investment Partnership, holding 29.04% of shares, equating to 84,744,000 shares[13] - The second-largest shareholder, Wu Guoshi, holds 13.59% of shares, amounting to 39,666,886 shares, and has pledged 16,260,000 shares[13] Stock Options and Incentives - The company has approved a stock option incentive plan, granting 13.4 million stock options at an exercise price of 8.19 RMB per share to 251 eligible participants[18] - The exercise price for the stock option plan was adjusted to 7.69 RMB per share following a cash dividend distribution of 5.00 RMB per 10 shares[18] - As of July 10, 2023, the company completed the registration of the first grant of stock options, awarding 13.3 million options to 245 participants[19] - The company plans to adjust the exercise price of the stock options to 7.09 RMB per share after a cash dividend distribution of 6.00 RMB per 10 shares[20] - A total of 1.39 million stock options will be canceled due to the departure of 11 participants who no longer qualify for the incentive plan[21] - The first exercise period for the stock options is set from August 9, 2024, to May 29, 2025, with no participants having exercised their options as of September 30, 2024[21] Financial Performance Metrics - Operating costs for the quarter were ¥1,765,049,535.14, up from ¥1,675,900,116.47, reflecting a year-over-year increase of 5.36%[26] - Research and development expenses for the quarter were ¥47,260,413.80, slightly up from ¥45,976,156.13, indicating a year-over-year increase of 2.79%[26] - The company reported a total comprehensive income of CNY 160,854,082.41, down from CNY 206,782,984.07 in the same period last year[28] - Basic earnings per share decreased to CNY 0.3760 from CNY 0.5947 in Q3 2023[28] Investment Income and Expenses - Investment income for Q3 2024 was ¥13,459,236.28, a 37.50% increase year-over-year, attributed to higher dividends received from investee companies[10] - The company reported a 73.98% increase in financial expenses for Q3 2024, totaling ¥16,943,511.36, primarily due to increased exchange losses and reduced interest income from bank deposits[10] Other Financial Metrics - The company's cash and cash equivalents increased by 44.05% to ¥788,873,775.90, primarily due to a reduction in structured deposit purchases[9] - The company's cash and cash equivalents increased to ¥788,873,775.90 from ¥547,652,022.57, representing a growth of 43.93%[22] - Accounts receivable rose to ¥523,015,501.83, compared to ¥443,729,966.18, marking an increase of 17.93%[22] - Inventory levels increased to ¥1,279,331,412.54 from ¥1,249,045,513.64, showing a growth of 2.43%[22] - Non-current assets totaled ¥1,326,552,410.75, up from ¥1,132,601,131.06, indicating a year-over-year increase of 17.14%[23] - The total assets impairment loss was CNY 87,387,285.14, compared to CNY 47,911,760.00 in the previous year, indicating increased asset challenges[27]

证券代码：002674 证券简称：兴业科技 公告编号：2024-054 兴业皮革科技股份有限公司 关于向全资子公司兴业投资国际有限公司增资的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、对外投资概述 兴业国际为公司全资子公司，公司持有其 100%股权。 兴业皮革科技股份有限公司（以下简称"公司"）于 2024 年 10 月 26 日召开 的第六届董事会第九次会议，审议通过了《关于向全资子公司兴业投资国际有限 公司增资的议案》，公司拟以自有资金对全资子公司兴业投资国际有限公司（以 下简称"兴业国际"）增资人民币 30,000 万元。 公司此次向全资子公司增资，不构成关联交易，亦不构成《上市公司重大资 产重组管理办法》规定的重大资产重组，无需提交公司股东大会审议。 二、增资标的基本情况 名称：兴业投资国际有限公司 英文名称：XINGYE INVESTMENT INTERNATIONAL LIMITED 注册地址：香港湾仔轩尼诗道 288 号英皇集团中心 10 楼 1006 室 经营范围：投资与进出口贸易 兴业国际 2023 年度及 2024 年 1-6 ...

证券代码：002674 证券简称：兴业科技 公告编号：2024-053 兴业皮革科技股份有限公司 关于公司向银行申请授信的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 兴业皮革科技股份有限公司（以下简称"公司"）于 2024 年 10 月 26 日召开 第六届董事会第九次会议审议通过了《关于公司向银行申请授信的议案》。现将 相关事项公告如下： 一、申请授信情况概述 公司向上海浦东发展银行股份有限公司泉州分行（以下简称"浦发银行泉州 分行"）申请 10,000 万元的综合授信，自浦发银行泉州分行批准之日起，授信期 间一年。 2024 年 10 月 26 日 公司此次向银行申请授信，主要是为了满足公司日常生产经营的资金需求， 符合公司生产经营计划，不存在损害上市公司及中小股东利益的情形。 特此公告。 四、备查文件 1、公司第六届董事会第九次会议决议； 2、深交所要求的其他文件。 兴业皮革科技股份有限公司董事会 二、 申请授信的主要内容 公司向浦发银行泉州分行申请 10,000 万元的综合授信，自浦发银行泉州分 行批准之日起，授信期间一年。 上述授信为无抵押 ...