证券代码：002705 证券简称：新宝股份 公告编码：（2024）062 号 广东新宝电器股份有限公司 第七届董事会第五次临时会议决议公告 广东新宝电器股份有限公司（简称"新宝股份"、"公司"或"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 述或者重大遗漏。 广东新宝电器股份有限公司第七届董事会第五次临时会议于 2024 年 10 月 28 日在公司三楼会议室召开。本次会议的召开已于 2024 年 10 月 24 日通过书面 通知、电子邮件或电话等方式通知全体董事。应出席本次会议表决的董事为 9 人， 实际出席本次会议表决的董事为 9 人（其中董事曾展晖先生因工作原因，采用通 讯表决的方式参加会议）。会议由董事长郭建刚先生召集并主持，公司全体监事 和高级管理人员列席了本次会议。本次会议的召开符合《中华人民共和国公司法》 （以下简称"《公司法》"）等法律、行政法规、部门规章、规范性文件和《广 东新宝电器股份有限公司章程》（以下简称"《公司章程》"）的规定。本次会 议采用现场表决和通讯表决的方式，审议并通过如下议案： 一、 《2024 年第三季度报告》 表决结果：9 票 ...

证券代码：002705 证券简称：新宝股份 广东新宝电器股份有限公司投资者关系活动记录表 | --- | --- | --- | |-------------------------|----------------------------|-------------------------------------------------------------| | | | 编号： 2024-006 | | | □ 特定对象调研 | □ 分析师会议 | | | □ 媒体采访 □ | 业绩说明会 | | 投资者关系活动 | □ 新闻发布会 □ | 路演活动 | | 类别 | □ 现场参观 | | | | █ 其他 | 广东证监局、广东上市公司协会联合举办的广东辖区 | | | 2024 | 年投资者网上集体接待日活动 | | 参与单位名称及 人员姓名 | | 广东上市公司投资者网上集体接待日交流活动参与者 | | 时间 | 2024 年 9 月 12 | 日（星期四）下午 15:30 至 16:30 | | 地点 | 全景网投资者关系互动平台 | | | | 董事、总裁 曾展晖先生 | | | | | | | ...

1 证券代码：002705 证券简称：新宝股份 公告编码：（2024）061 号 广东新宝电器股份有限公司 关于参加广东辖区 2024 年投资者 网上集体接待日活动的公告 | --- | --- | |------------------------------------------------------------------------|-----------| | | | | 广东新宝电器股份有限公司（简称 " 新宝股份 " 、 " 公司 " 或 " 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 | | | 述或者重大遗漏。 | | 为进一步加强与投资者的互动交流，公司将参加由广东证监局、广东上市 公司协会联合举办的"坚定信心 携手共进 助力上市公司提升投资价值——2024 广东辖区上市公司投资者关系管理月活动投资者集体接待日"活动，现将相关事 项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （http://rs.p5w.net）参与本次互动交流，活动时间为 2024 年 9 月 12 日（周四） 15:30-1 ...

证券代码：002705 证券简称：新宝股份 公告编码：（2024）060 号 广东新宝电器股份有限公司 关于回购股份注销完成暨股份变动的公告 广东新宝电器股份有限公司（以下简称"新宝股份"、"公司"或"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 陈述或者重大遗漏。 重要内容提示： 公司本次注销股份 6,270,000 股，占注销前公司总股本的 0.77%。 广东新宝电器股份有限公司本次注销股份 6,270,000 股，占注销前公司总股 本的 0.77%，公司总股本由 818,145,780 股减少至 811,875,780 股。 经中国证券登记结算有限责任公司深圳分公司确认，公司本次回购股份注 销已于 2024 年 9 月 5 日完成，公司总股本及无限售条件流通股股份数量发生变 化，现就本次回购股份注销完成暨股份变动情况公告如下： 一、回购股份实施情况 公司于 2024 年 7 月 26 日召开 2024 年第二次临时股东大会，审议通过了 《关于回购公司部分社会公众股份方案的议案》。根据本次股份回购方案，公司 拟使用自有资金人民币 5,000 万元—8,000 万元以 ...

Investment Rating - The investment rating for the company is "Outperform the Market" [1][3][11] Core Views - The company has shown a strong revenue growth of 21.5% year-on-year in H1 2024, with total revenue reaching 7.72 billion [1] - The net profit attributable to the parent company increased by 12.0% to 440 million, while the net profit excluding non-recurring items grew by 9.8% to 490 million [1] - The company’s overseas sales continue to perform well, with a 27.1% increase in H1 2024, amounting to 5.92 billion [1] - Domestic sales of self-owned brands are expected to face pressure due to macroeconomic conditions, with kitchen small appliances retail sales declining [1] - The company is expanding its product categories, particularly in home appliances, which has contributed to revenue growth [1] Summary by Sections Financial Performance - In H1 2024, the company achieved revenue of 77.2 billion, a 21.5% increase year-on-year, and a net profit of 4.4 billion, up 12.0% [1] - Q2 2024 revenue was 42.5 billion, reflecting a 20.5% increase, while net profit was 2.7 billion, a 5.1% increase [1] - The gross margin for H1 2024 decreased by 0.3 percentage points to 21.8% [1] Sales Performance - The company’s overseas sales have shown resilience, with a projected 25.0% growth in Q2 2024 [1] - Domestic sales increased by 6.3% to 18.0 billion in H1 2024, with expectations of a 6.2% growth in Q2 [1] - Kitchen appliances revenue grew by 20.1% to 53.5 billion, while home appliances saw a 40.5% increase to 13.0 billion [1] Profitability and Cost Management - The increase in the proportion of OEM business has negatively impacted the gross margin [1] - Operating expenses have been optimized, with a slight decrease in sales and management expense ratios [1] - The company reported a foreign exchange loss of 864 million, which had a limited impact on overall profitability [1] Future Outlook - The profit forecast for 2024-2026 has been adjusted, with expected net profits of 1.11 billion, 1.24 billion, and 1.36 billion respectively [1] - The company maintains a PE ratio of 10, 9, and 8 for the respective years [1]

新宝股份（ [Table_StockNameRptType] 002705） 公司点评 外销高增带动收入超预期 ——新宝股份 2024Q2 点评 | --- | --- | --- | --- | |------------------------------------------------------------------------------------------------------|----------------------|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Investment Rating - The report maintains a "Buy" rating for the company, with an expected profit growth leading to a price-to-earnings (PE) ratio of 9.2x for 2024, 8.3x for 2025, and 7.6x for 2026 [4][6]. Core Insights - The company achieved a revenue of 7.723 billion yuan in H1 2024, representing a year-on-year increase of 21.53%, with a net profit of 442 million yuan, up 11.95% year-on-year [1]. - The growth in revenue is driven by a strong performance in overseas sales, which saw a year-on-year increase of 27.1% in H1 2024, while domestic sales grew steadily by 6.3% [2]. - The company's gross margin for H1 2024 was 21.76%, a slight decrease of 0.32 percentage points year-on-year, attributed to weaker performance in its higher-margin proprietary brand [2]. - Financial expenses showed significant fluctuations due to reduced interest income and foreign exchange gains, impacting the overall financial performance [3]. - The net cash flow from operating activities decreased by 86.18% year-on-year to 54 million yuan in H1 2024, primarily due to increased cash payments for goods and services [4]. Financial Data Summary - The company reported a revenue of 16.54 billion yuan for 2024E, with a projected growth rate of 12.91% [5]. - The net profit attributable to the parent company is expected to reach 1.13 billion yuan in 2024E, reflecting a growth rate of 15.35% [5]. - The earnings per share (EPS) is projected to be 1.38 yuan for 2024E, with a PE ratio of 9.15 [5][11]. - The company’s total assets are estimated to be 16.70 billion yuan in 2024E, with a debt-to-asset ratio of 47.38% [9][10].

F熄证券 家用电器/小家电 公 司 研 究 新宝股份（002705.SZ） 2024 年 08 月 28 日 2024Q2 外销延续较高景气，内销平稳增长 ——公司信息更新报告 投资评级：买入（维持） | --- | --- | |-------------------------|-------------| | | | | 日期 | 2024/8/28 | | 当前股价 ( 元 ) | 12.60 | | 一年最高最低 ( 元 ) | 19.19/10.80 | | 总市值 ( 亿元 ) | 103.09 | | 流通市值 ( 亿元 ) | 102.61 | | 总股本 ( 亿股 ) | 8.18 | | 流通股本 ( 亿股 ) | 8.14 | | 近 3 个月换手率 (%) | 37.02 | 股价走势图 -40% -20% 0% 20% 2023-08 2023-12 2024-04 2024-08 新宝股份 沪深300 数据来源：聚源 相关研究报告 《2024Q1 外销延续亮眼表现，内销增 速有所改善 —公司信息更新报告》 -2024.4.28 《推新节奏加快或带动内销改善，外 销短期仍有支撑—公 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [2][4]. Core Views - The company has shown rapid growth in exports while domestic sales remain stable, leading to overall revenue growth. However, profitability has slightly come under pressure [6]. - The company is expected to achieve revenues of 16.8 billion, 18.2 billion, and 19.7 billion for the years 2024, 2025, and 2026, respectively, representing year-on-year growth of 15%, 8%, and 8%. The net profit attributable to the parent company is projected to be 1.13 billion, 1.21 billion, and 1.31 billion for the same years, also reflecting year-on-year growth of 15%, 8%, and 8% [2][6]. - The company is a leading player in the small home appliance OEM sector, with significant advantages and currently low valuation [2][6]. Summary by Sections Financial Performance - In the first half of 2024, the company achieved revenue of 7.723 billion, a year-on-year increase of 21.53%, and a net profit of 442 million, up 11.95% year-on-year. The second quarter saw revenue of 4.249 billion, a 20.51% increase year-on-year, with net profit of 269 million, a 5.06% increase year-on-year [6]. - The gross margin for the first half and second quarter decreased by 0.3 and 0.6 percentage points year-on-year, respectively. The gross margin for domestic sales fell by 0.9 percentage points, while that for exports improved slightly by 0.2 percentage points [6][12]. Market Dynamics - The export business has shown strong growth, with a year-on-year increase of 27% in the first half of 2024. The growth is driven by recovering overseas demand and customer inventory replenishment [6]. - Domestic sales grew by 6% year-on-year in the first half, with expectations of stable growth in the ODM business. However, the overall performance of the company's own brands is under pressure due to weak consumer demand [6]. Future Outlook - The company is expected to maintain its growth trajectory, with revenue projections for 2024-2026 indicating a steady increase. The current valuation is considered low relative to future growth prospects [2][6].

证券代码：002705 证券简称：新宝股份 公告编码：（2024）055 号 广东新宝电器股份有限公司 第七届监事会第四次会议决议公告 广东新宝电器股份有限公司（简称"新宝股份"、"公司"或"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 述或者重大遗漏。 广东新宝电器股份有限公司第七届监事会第四次会议于 2024 年 8 月 27 日 在公司四楼会议室召开。本次会议的召开于 2024 年 8 月 16 日通过书面通知、电 子邮件或电话等方式通知全体监事。应出席本次会议表决的监事为 3 人，实际出 席本次会议的监事为 3 人。会议由监事会主席康杏庄女士召集并主持。会议的召 开符合《中华人民共和国公司法》等法律、行政法规、部门规章、规范性文件和 《广东新宝电器股份有限公司章程》的规定。本次会议采用现场表决的方式，审 议并通过如下议案： 内容详见公司于巨潮资讯网（http://www.cninfo.com.cn）及公司指定信息披 露报刊同日披露的《关于新增为子公司提供担保的公告》。 备查文件： 一、 《2024 年半年度报告及其摘要》 表决结果：3 票同意、0 票反对、0 ...