证券代码：002745 证券简称：木林森 公告编号：2024-025 木林森股份有限公司 关于2023年年度权益分派实施公告 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。 木林森股份有限公司（以下简称"公司"或"本公司"）2023 年年度权益分 派方案已获 2024 年 5 月 9 日召开的 2023 年年度股东大会审议通过，现将权益 分派事宜公告如下： 一、股东大会审议通过的利润分配方案情况 1、公司 2023 年年度股东大会审议通过的权益分派方案为：公司以分配方案 未来实施时股权登记日享有利润分配权的股本总额为基数，拟向全体股东每 10 股派发现金股利人民币 3.38 元（含税），不送红股，不以资本公积金转增股本。 公司剩余未分配利润留待以后年度分配。 本次利润分配预案调整原则：若公司董事会及股东大会审议利润分配方案预 案后股本发生变动的，则以未来实施分配方案的股权登记日的总股本为基数（如 期间实施股份回购，则扣除已回购部分股份），按照分配总金额不变的原则对分 配比例进行调整。 2、本次权益分派方案披露至实施期间公司股本总额未发生变化； 3、本次实施的权 ...

上海市锦天城（深圳）律师事务所 法律意见书 上海市锦天城（深圳）律师事务所 关于木林森股份有限公司 2023年年度股东大会的 法律意见书 上海市锦天城（深圳）律师事务所 法律意见书 上海市锦天城（深圳）律师事务所 关于木林森股份有限公司 2023 年年度股东大会的法律意见书 致：木林森股份有限公司 本次会议采用现场投票和网络投票相结合的方式进行。本次会议的现场会议 于 2024 年 5 月 9 日（星期四）下午 15:00 在广东省中山市小榄镇木林森大道 1 号木林森股份有限公司办公大楼一楼会议室如期召开。公司股东通过深圳证券交 易所交易系统进行网络投票的时间为：2024 年 5 月 9 日 9：15—9：25，9:30—11:30 及 13:00—15:00；通过深圳证券交易所互联网投票系统投票的时间为：2024 年 5 月 9 日上午 9:15 至下午 15:00 的任意时间。 1 上海市锦天城（深圳）律师事务所 法律意见书 本所认为，本次股东大会的召集和召开程序符合《公司法》、《股东大会规 则》和《公司章程》的规定。 二、本次股东大会的召集人资格 本次股东大会由公司董事会召集。公司董事会具备召集本次股东 ...

证券代码：002745 证券简称：木林森 公告编号：2024-024 木林森股份有限公司 2023年年度股东大会决议公告 3、本次股东大会不涉及变更前次股东大会决议。 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1、本次股东大会无变更、取消、否决提案的情况； 2、本次股东大会以现场投票与网络投票相结合方式召开； 一、会议召开情况 1、会议召开时间： （1）现场会议召开时间：2024 年 5 月 9 日（星期四）15:00； （2）网络投票时间：通过深圳证券交易所交易系统进行网络投票的时间为： 2024 年 5 月 9 日 9:15--9:25，9:30--11:30 及 13:00--15:00；通过深圳证券交 易所互联网投票系统投票的时间为：2024 年 5 月 9 日上午 9:15 至下午 15:00 的 任意时间； 2、现场会议召开地点：广东省中山市小榄镇木林森大道 1 号木林森股份有 限公司办公大楼一楼会议室； 3、会议召开方式：本次股东大会采取现场表决和网络投票相结合方式； 4、会议召集人：木林森股份有限公司董事会； 二、会议出席情况 ...

Investment Rating - The report maintains a "Buy" rating for the company with a current price of 8.39 CNY [5] Core Views - The company, Mulinson, is a leading player in the domestic LED packaging manufacturing sector, employing over 21,000 people and operating five production bases across Guangdong, Jiangxi, and Zhejiang provinces [4] - In 2023, the company achieved a main business revenue of 17.536 billion CNY, a year-on-year increase of 6.17%, and a net profit attributable to shareholders of 430 million CNY, a significant year-on-year increase of 121.71% [4] - The company is actively optimizing its overseas brand channels and advancing its digital transformation [5][19] - The company has a strong brand portfolio, including domestic brands like "Mulinson MLS" and international brands like "LEDVANCE," which enhances its market presence [4][8] - The company is focusing on expanding its overseas LEDVANCE channel layout, which is expected to contribute to revenue growth [19] Financial Summary - The company forecasts a decline in net profit for 2024 and 2025, with estimates of 712 million CNY and 913 million CNY respectively, reflecting a downward adjustment of 24.50% and 28.67% [19] - The projected revenue for 2024 is 19.289 billion CNY, with a growth rate of 10% [26] - The company's earnings per share (EPS) is expected to increase from 0.29 CNY in 2023 to 0.48 CNY in 2024 [26] - The company’s price-to-earnings (P/E) ratio is projected to decrease from 29 in 2023 to 17 in 2024 [26] Digital Transformation and Manufacturing Strategy - The company is committed to digital transformation and smart manufacturing, achieving progress in supply-demand coordination, production, and logistics [25] - A comprehensive digital management platform has been established to connect suppliers and customers, enhancing operational efficiency and reducing costs [18][25]

木林森股份有限公司（以下简称"公司"）于近日收到控股股东孙清焕先生 的通知，获悉孙清焕先生将其质押给中信建投证券股份有限公司（以下简称"中 信建投证券"）的本公司股份32,300,000股，办理了提前解除质押业务。具体事 项如下： 二、控股股东股份及其一致行动人累计质押的情况 截至公告披露日，控股股东及其一致行动人所持质押股份情况如下： 证券代码：002745 证券简称：木林森 公告编号：2024-022 木林森股份有限公司 关于控股股东部分股份提前解除质押的公告 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。 一、控股股东股份解除质押的基本情况 股东 名称 是否为第 一大股东 解除质押股 数（股） 占其所持 股份比例 占公司总 股本比例 质押开始 日期 原质押解除日 期 本次解除质押 日期 质权人 孙清焕 是 32,300,000 5.85% 2.18% 2023年7月4日 2024年7月3日 2024年4月24日 中信建投证券 及质押风险情况，并按规定及时做好相关信息披露工作，敬请投资者注意投资风 险。 四、备查文件 1、中国证券登记结算有限责任公司深圳分 ...

监事会认为：董事会编制《2024年第一季度报告》的程序符合法律、行政法 规和中国证监会的规定，报告内容真实、准确、完整地反映了上市公司的实际情 况，不存在任何虚假记载、误导性陈述或者重大遗漏。 表决结果：3票同意，0票反对，0票弃权。 《2024 年第一季度报告》具体内容详见公司 2024 年 4 月 26 日披露于指定 信息披露媒体巨潮资讯网（http://www.cninfo.com.cn）和《证券时报》、《中国 证券报》、《证券日报》及《上海证券报》。 证券代码：002745 证券简称：木林森 公告编号：2024-021 木林森股份有限公司 第五届监事会第十三次会议决议公告 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。 木林森股份有限公司（以下简称"公司"）第五届监事会第十三次会议于2024 年4月25日在公司会议室以现场会议的方式召开，会议通知于2024年4月18日以专 人传递的方式发出。会议由公司监事会主席闫玲女士主持，应出席监事3人，实 际出席监事3人，会议的召集、召开符合有关法律、行政法规、部门规章、规范 性文件和公司章程的规定，会议合法有效。 ...

Financial Performance - The total operating revenue for the reporting period was approximately ¥3.999 billion, a decrease of 1.97% compared to the previous period's ¥4.080 billion[6]. - The net profit attributable to the parent company's shareholders increased by 28.93% to approximately ¥181.43 million from ¥140.78 million in the previous period[8]. - Basic and diluted earnings per share both increased by 33.33% to ¥0.12 from ¥0.09 in the previous period[8]. - The total comprehensive income attributable to the parent company decreased by 33.08% compared to the previous period[1]. - The total comprehensive income for the reporting period was approximately ¥85.17 million, a decrease from ¥125.40 million in the previous period[8]. - The comprehensive income decreased by 32.08% year-on-year, mainly due to the impact of other comprehensive income[32]. Cash Flow - Cash received from operating activities increased significantly by 1115.42%, primarily due to an increase in note deposits[1]. - The net cash flow from operating activities for the current period is ¥299,866,140.01, a decrease of 17.5% compared to ¥363,651,904.84 in the previous period[12]. - Cash inflow from operating activities totaled ¥4,254,356,552.92, down 12.9% from ¥4,890,003,421.72 in the previous period[12]. - Cash outflow from operating activities was ¥3,954,490,412.91, a decrease of 12.6% compared to ¥4,526,351,516.88 in the previous period[12]. - The net cash flow from investing activities was -¥204,025,848.79, a significant decline from ¥360,208,412.31 in the previous period[12]. - Cash inflow from investing activities was ¥305,471,323.49, down 45.0% from ¥556,599,748.70 in the previous period[12]. - Cash outflow from investing activities increased to ¥509,497,172.28, up 159.5% from ¥196,391,336.39 in the previous period[12]. - The net cash flow generated from operating activities was approximately ¥299.87 million, a decrease of 17.54% compared to the previous year[46]. Assets and Liabilities - The total assets and liabilities amounted to approximately ¥24.388 billion, showing a slight increase from ¥24.362 billion in the previous period[5]. - Total assets increased to CNY 24,388,360,679.93 from CNY 24,361,905,369.64, reflecting a slight growth of 0.11%[25]. - Cash and cash equivalents decreased to CNY 3,979,971,522.25 from CNY 4,106,808,772.78, a decline of approximately 3.09%[28]. - Total current liabilities remained stable at CNY 9,193,165,656.62 compared to CNY 9,190,959,158.38, showing minimal change[25]. - Non-current liabilities decreased to CNY 1,312,206,234.06 from CNY 1,375,791,616.32, a reduction of about 4.6%[25]. - The total liabilities decreased slightly to CNY 10,505,371,890.68 from CNY 10,566,750,774.70, a decline of approximately 0.58%[25]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 53,995[15]. - The largest shareholder, Sun Qinghuan, holds 37.18% of the shares, amounting to 551,751,293 shares[15]. Investment and Expenses - The cash received from investment income decreased by 77.72%, mainly due to the impact of financial products[1]. - Interest expenses decreased by 68.66% year-on-year, mainly due to reduced interest payments[40]. - The investment income from joint ventures and associates increased by 152.06% year-on-year, attributed to the profit increase of the company's joint ventures[40]. - The company's dividend receivables decreased by 100% compared to the beginning of the period, primarily due to the receipt of dividend payments during the period[50]. - Non-operating expenses increased by 4782.43% compared to the same period last year, mainly due to an increase in other losses[50]. - Income tax expenses increased by 38.12% compared to the same period last year, primarily due to the increase in total profit[50]. Other Financial Metrics - Cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets increased by 236.35%, reflecting higher asset investments[1]. - The company reported a significant increase in cash received from other operating activities, totaling ¥279,463,419.41 compared to ¥22,993,156.58 in the previous period[12]. - Construction in progress increased by 47.08% compared to the beginning of the period, mainly due to the increase in construction projects during the period[50]. - Interest income increased by 48.31% compared to the same period last year, primarily due to the increase in interest income[50]. - Fair value changes in income increased by 259.70% compared to the same period last year, mainly due to the increase in fair value changes from derivative financial instruments[50]. - Asset disposal income increased by 126.94% compared to the same period last year, primarily due to the impact of fixed assets[50].

经董事会审议，认为公司《2024 年第一季度报告》的编制和审议程序符合法 律、法规和《公司章程》的相关规定，报告内容真实、准确、完整地反映了公司 2024 年第一季度的经营状况和经营成果，不存在任何虚假记载、误导性陈述或 重大遗漏。 表决结果： 6 票赞成，0 票反对，0 票弃权。 证券代码：002745 证券简称：木林森 公告编号：2024-020 木林森股份有限公司 第五届董事会第十三次会议决议公告 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。 木林森股份有限公司（以下简称"公司"或"木林森"）第五届董事会第十 三次会议于2024年4月25日以现场加通讯的表决方式在本公司一楼会议室召开， 会议通知于2024年4月18日以电子邮件和电话方式发出。会议由公司董事长孙清 焕先生主持，监事和高级管理人员列席了会议。本次会议应出席董事6人，实际 出席董事6人，其中出席现场会议董事3名，以通讯表决方式参会董事3名；会议 的召集、召开符合《中华人民共和国公司法》等有关法律、行政法规、部门规章、 规范性文件和《公司章程》的相关规定，会议合法有效。本次会议与会董事经认 真 ...

Investment Rating - The report assigns an "Accumulate" rating for the company, marking it as the first time this rating has been given [1]. Core Insights - The company achieved a revenue of 17.536 billion yuan in 2023, representing a year-on-year growth of 6.17%, and a net profit of 400 million yuan, which is a significant increase of 157.87% year-on-year [1][3]. - The company plans to distribute a dividend of 3.38 yuan per 10 shares, totaling approximately 502 million yuan [1]. - The company is recognized as the largest LED manufacturer in China, benefiting from an integrated layout that enhances production efficiency and quality through smart manufacturing [1][3]. - The overseas brand LEDVANCE contributed significantly to revenue, with 10.606 billion yuan in sales from international markets, accounting for 60.48% of total revenue [1][3]. - The company has a strong focus on R&D, with expenses reaching 381 million yuan in 2023, a 28.37% increase from the previous year, and holds 1,665 patents, showcasing its industry-leading R&D capabilities [3]. Summary by Sections Financial Performance - In 2023, the company reported a revenue of 17.536 billion yuan and a net profit of 430 million yuan, with projected revenues for 2024, 2025, and 2026 expected to be 19.974 billion, 22.831 billion, and 26.475 billion yuan respectively [9][10]. - The net profit is forecasted to grow to 702 million yuan in 2024, 970 million yuan in 2025, and 1.102 billion yuan in 2026, indicating a robust growth trajectory [10]. Market Position - The company has established a comprehensive supply chain and marketing network, leveraging both domestic and international markets to support its growth [1][3]. - The integrated production capabilities across multiple bases in Guangdong and Jiangxi enhance its competitive edge in the lighting industry [1]. R&D and Innovation - The company is deeply engaged in R&D, focusing on smart and health lighting, with significant advancements in energy-efficient products [3]. - The competitive landscape in the LED industry is expected to improve, with a reduction in the number of competitors, allowing the company to capitalize on recovering downstream demand [3].

关于召开2023年度网上业绩说明会的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，公告不存在虚假记载、误导 性陈述或者重大遗漏。 证券代码：002745 证券简称：木林森 公告编号：2024-019 木林森股份有限公司 木林森股份有限公司 董事会 木 林 森 股 份 有 限 公 司 （ 以 下 简 称 " 公 司 "） 已 于 2024 年 4 月 18 日 在 巨 潮 资 讯 网 （http://www.cninfo.com.cn/）上披露了《木林森2023年年度报告》。 投资者依据提示，授权登入"约调研"小程序，即可参与交流。 出席本次网上说明会的人员有：董事长孙清焕先生、财务总监兼董事会秘书李冠群先生、 独立董事米哲先生。 敬请广大投资者积极参与。 特此公告。 为便于广大投资者进一步了解公司2023年年度经营情况，公司定于2024年5月13日（星期 一）下午15:00至17:00时在"约调研"小程序举行2023年度网上业绩说明会。本次网上业绩说 明会将采用网络远程的方式举行，投资者可登陆"约调研"小程序参与互动交流。为广泛听取 投资者的意见和建议，提前向投资者征集问题，提问通道自发出公告之日 ...