证券代码：002674 证券简称： 兴业科技 公告编号：2025-033 兴业皮革科技股份有限公司 第六届监事会第三次临时会议决议公告 1、全体监事以 2 票赞成、0 票反对、0 票弃权，通过了《关于注销 2023 年 股票期权激励计划部分股票期权的议案》，其中关联监事柯贤权先生回避表决。 监事会认为：公司本次注销部分已获授但尚未行权的股票期权符合《上市公 司股权激励管理办法》等法律法规以及公司《2023 年股票期权激励计划（草案）》 的相关规定，且本次注销在公司 2022 年度股东大会授权范围内，程序合法、合 规，不存在损害公司及全体股东尤其是中小股东利益的情形。 综上，监事会同意公司注销已获授但尚未行权的 506.29 万份股票期权。 特此公告。 三、备查文件 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 兴业皮革科技股份有限公司（以下简称"公司"）第六届监事会第三次临时会 议的通知于 2025 年 6 月 9 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 2025 年 6 月 14 日下午 2:00 在 ...

证券代码：002674 证券简称：兴业科技 公告编号：2025-030 一、董事会会议召开情况 兴业皮革科技股份有限公司（以下简称"公司"）第六届董事会第九次临时 会议书面通知于 2025 年 6 月 9 日以直接送达、传真、电子邮件并电话确认等方 式送达全体董事，本次会议于 2025 年 6 月 14 日上午 10:00 在福建省晋江市安海 第二工业区公司办公楼二楼会议室以现场结合视频会议的方式召开。本次会议应 出席董事 7 名，实际出席董事 7 名。本次会议的出席人数符合召开董事会会议的 法定人数。本次会议由董事吴华春先生主持，公司的监事、高管人员列席了本次 会议。本次会议的召集和召开符合《中华人民共和国公司法》《中华人民共和国 证券法》《深圳证券交易所上市公司自律监管指引第 1 号——主板上市公司规范 运作》等有关法律、行政法规和中国证监会相关规范性文件及《公司章程》的有 关规定。 二、董事会会议审议情况 经与会董事审议表决，一致通过如下议案： 1、全体董事以 5 票赞成、0 票反对、0 票弃权，通过了《关于注销 2023 年 股票期权激励计划部分股票期权的议案》，其中关联董事吴华春先生、孙辉永先 生回 ...

Core Insights - The new energy vehicle (NEV) market in China is experiencing rapid growth, with a projected retail sales increase of 5.5% in 2024, reaching 22.89 million units, and NEV retail sales expected to grow by 40.7% to 10.89 million units, achieving a penetration rate of 47.61% [1][4] Group 1: Market Dynamics - The growth in the NEV market is driven by policies such as trade-in and scrappage incentives, which stimulate sales [1] - Domestic brands like Li Auto, NIO, and Hongmeng Zhixing dominate the mid-to-high-end NEV market, leveraging the demand for natural leather materials in vehicle interiors [1][2] Group 2: Company Performance - Hongxing Automotive Leather has successfully gained supplier qualifications from major brands like Li Auto and NIO, enabling bulk supply of automotive interior leather [2] - The company reported a 20.22% revenue increase in its automotive interior leather business for 2024, reaching 720 million, with a gross margin improvement of 4.43 percentage points to 34.34% [4] - The subsidiary Hongxing Automotive Leather achieved a net profit of 149 million, a 50.98% increase year-on-year, driven by sales growth and improved gross margins [4] Group 3: Competitive Advantages - The company possesses a full-process leather manufacturing capability, allowing for effective resource integration and strong bargaining power in raw material procurement [3] - Hongxing Automotive Leather's involvement in the early design stages of new vehicle models enhances its ability to meet customer demands for high-quality leather materials [3] Group 4: Future Outlook - The company is well-positioned to benefit from the high-end automotive interior trend, with expectations for rapid growth in production and sales [2][4] - The acquisition of Hongxing Automotive Leather allows the company to capitalize on the burgeoning NEV sector, potentially establishing a second growth curve [5]

北京市东城区建国门内大街 26 号新闻大厦 7 层、8 层 电话：010-88004488/66090088 传真：010-66090016 邮编：100005 北京国枫律师事务所 关于兴业皮革科技股份有限公司 2024 年度股东大会的 法律意见书 国枫律股字[2025]A0237 号 致：兴业皮革科技股份有限公司（贵公司） 北京国枫律师事务所（以下简称"本所"）接受贵公司的委托，指派律师出席并见 证贵公司 2024 年度股东大会（以下简称"本次会议"）。 本所律师根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人 民共和国证券法》（以下简称"《证券法》"）、《上市公司股东会规则》（以下简称 "《股东会规则》"）、《律师事务所从事证券法律业务管理办法》（以下简称"《证券法律 业务管理办法》"）、《律师事务所证券法律业务执业规则（试行）》（以下简称"《证券法 律业务执业规则》"）等相关法律、行政法规、规章、规范性文件及《兴业皮革科技股份 有限公司章程》（以下简称"《公司章程》"）的规定，就本次会议的召集与召开程序、召 集人资格、出席会议人员资格、会议表决程序及表决结果等事宜，出具本法律意见书。 对 ...

证券代码：002674 证券简称：兴业科技 公告编号：2025-029 兴业皮革科技股份有限公司 2024 年度股东大会决议的公告 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、重要提示 1、本次股东大会召开期间没有增加、否决或变更议案的情况发生。 2、本次股东大会采取现场投票与网络投票相结合的表决方式。 3、本次股东大会不涉及修改前次股东大会决议。 4、为保护中小投资者利益，提高中小投资者对公司股东大会决议的重大事项 的参与度，本次股东大会审议的议案对中小投资者单独计票。中小投资者是指以 下股东以外的其他股东：（1）上市公司的董事、监事、高级管理人员；（2）单独 或者合计持有上市公司5%以上股份的股东。 二、会议通知情况 《兴业皮革科技股份有限公司关于召开2024年度股东大会的通知》已于2025 年4月26日在《证券时报》《证券日报》和巨潮资讯网（www.cninfo.com.cn）上披 露。 三、会议召开的基本情况 1、会议召集人：公司董事会。 2、会议召开时间： （1）现场会议召开时间：2025年5月19日（星期一）下午2:30。 （2）网络投票时 ...

Investment Rating - The report maintains a "Buy" rating for the company [2][7]. Core Views - Short-term performance is expected to improve due to the release of overseas production capacity and new customer growth in the automotive leather segment, indicating potential earnings elasticity. Long-term, the company is expanding its export business into the sports industry, having entered the supply chains of global sports brands like Adidas and VF, which could enhance growth and valuation prospects. New businesses, such as Hongxing and Baotai, are positioned for high growth due to industry demand, contributing to the company's overall growth outlook. The projected net profit for the company from 2025 to 2027 is estimated at 170 million, 190 million, and 210 million yuan, representing year-on-year growth of 20%, 13%, and 11%, with corresponding P/E ratios of 16, 14, and 13 times [2][4][6]. Financial Performance Summary - In 2024, the company achieved revenue of 2.951 billion yuan, with a net profit attributable to the parent company of 142 million yuan, reflecting a year-on-year revenue increase of 9% but a decline in net profit by 24%. In Q4 2024, the company reported revenue of 937 million yuan and a net profit of 32 million yuan, showing significant growth compared to the previous year. For Q1 2025, revenue was 627 million yuan, with a net profit of 19 million yuan, indicating a year-on-year revenue increase of 5% but a decline in net profit by 45% [4][5][6]. Business Segment Analysis - The main business segment, focused on footwear and bags, is expected to see a slight decline in revenue due to a weak domestic consumption environment affecting the internal sales portion. Conversely, the automotive leather segment is projected to grow by 20% to 720 million yuan, driven by strong sales from core customers. The second-layer leather business is also expected to see significant revenue growth due to a resurgence in demand for retro styles, although profit margins may be impacted by raw material price fluctuations [5][6]. Profitability Insights - The overall gross margin for 2024 remained stable at 21.4%, with a slight increase of 0.02 percentage points year-on-year. However, asset impairment losses significantly impacted net profit, leading to a decline in net profit margin to 4.8%. In Q1 2025, the gross margin improved to 20.7%, but net profit margin decreased to 3.0% due to increased financial expenses and asset impairment losses [6][4].

证券代码：002674 证券简称：兴业科技 公告编号：2025-028 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（十） 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，其中为子公司宏兴汽车皮 革（福建）发展有限公司（以下简称"宏兴汽车皮革"）提供担保额度 52,000 万 元，上述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 中国光大银行股份有限公司泉州分行（以下简称"光大银行泉州分行"）批 ...

兴业皮革科技股份有限公司主营业务是天然牛皮革的研发、生产与销售。主要产品为鞋面用皮革、包袋 用皮革、军用皮革、家具用皮革以及特殊功能性皮革。公司的技术中心被国家发改委、科技部、财政 部、国家税务总局、海关总署五部委认定为"国家企业技术中心"。 来源：金融界 最新一期业绩显示，2025年一季报，公司实现营业收入6.27亿元，同比5.04%；净利润1893.78万元，同 比-45.31%，销售毛利率20.73%。 序号股票简称PE(TTM)PE(静)市净率总市值(元)63兴业科技22.0819.631.1427.81亿行业平均 27.4526.662.4452.25亿行业中值21.4127.111.8130.13亿1酷特智能-485.6356.163.9049.78亿2*ST摩 登-345.31-25.932.8716.10亿3欣龙控股-222.51-139.683.5923.20亿4三夫户外-213.14-91.792.9019.73亿5中胤 时尚-93.65-94.343.2031.34亿6华孚时尚-50.56-51.651.88107.31亿7华升股份-47.46-47.275.8023.32亿8欣贺 股份 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company is expected to face challenges due to weak domestic demand but is anticipated to benefit from external sales and new automotive interior leather models, supporting revenue growth [4][5] - The revenue and net profit forecasts for 2024 are 2.95 billion and 140 million yuan, respectively, with a year-over-year change of +9.3% and -24% [4] - The company aims to maintain its strategy as a one-stop supplier of cowhide materials, with successful external sales expansion and new automotive models driving revenue growth [4][5] Financial Summary - The total market capitalization is 2.725 billion yuan, with a circulating market capitalization of 2.697 billion yuan [1] - The company's revenue for 2024 is projected at 2.951 billion yuan, with a year-over-year growth of 9.3% [7] - The net profit for 2024 is expected to be 140 million yuan, reflecting a decline of 24% year-over-year [7] - The gross margin for 2024 is estimated at 21.4%, with a net margin of 4.8% [6][7] - The earnings per share (EPS) for 2025 is projected to be 0.57 yuan, with a price-to-earnings (P/E) ratio of 16.1 [7] Business Performance - The company reported a revenue of 1.44 billion yuan in 2024, with a slight decline of 1% year-over-year, while net profit decreased by 49% to 57 million yuan [5] - The first quarter of 2025 saw a revenue of 296 million yuan, down 3% year-over-year, with a net profit of 8 million yuan, reflecting a significant decline of 61.8% [5] - The automotive leather segment is performing well, with revenue from automotive leather expected to reach 730 million yuan in 2024, a growth of 19.8% [5]

公 司 研 究 兴业科技（002674.SZ） 2025 年 05 月 06 日 投资评级：买入（维持） | 日期 | 2025/4/30 | | --- | --- | | 当前股价(元) | 9.23 | | 一年最高最低(元) | 13.02/7.72 | | 总市值(亿元) | 27.25 | | 流通市值(亿元) | 26.97 | | 总股本(亿股) | 2.95 | | 流通股本(亿股) | 2.92 | | 近 3 个月换手率(%) | 90.23 | 股价走势图 数据来源：聚源 -48% -36% -24% -12% 0% 12% 24% 2024-05 2024-09 2025-01 兴业科技 沪深300 纺织服饰/纺织制造 相关研究报告 《Q3 外销与汽车皮革增速亮眼，静待 内需订单改善—公司信息更新报告》 -2024.10.30 《H1 资产减值拖累利润，汽车内饰皮 革盈利好于预期—公司信息更新报 告》-2024.8.22 主业内销需求疲软致业绩承压，期待宏兴及外销发力 ——公司信息更新报告 | 吕明（分析师） | 周嘉乐（分析师） | 张霜凝（分析师） | | --- | --- | ...