证券代码：002791 证券简称：坚朗五金 公告编号：2024-066 《广东坚朗五金制品股份有限公司向特定对象发行股票上市公 告书》等相关文件已于同日在巨潮资讯网（www.cninfo.com.cn）上 披露，敬请广大投资者注意查阅。 广东坚朗五金制品股份有限公司 关于向特定对象发行股票上市公告书披露的 提示性公告 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。 特此公告。 广东坚朗五金制品股份有限公司董事会 二○二四年九月四日 ...

证券代码：002791 证券简称：坚朗五金 公告编号：2024-065 广东坚朗五金制品股份有限公司 关于回购公司股份进展的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和 完整，没有虚假记载、误导性陈述或重大遗漏。 广东坚朗五金制品股份有限公司（以下简称"公司"）于2024年 3月1日召开了第四届董事会第十三次会议，审议通过了《关于回购公 司股份方案的议案》，同意公司使用总额不低于人民币10,000万元（含） 且不超过人民币20,000万元（含）的自有资金，不超过人民币56.11 元/股（含），以集中竞价交易方式回购公司部分人民币普通股（A股） 股份，用于未来实施股权激励或员工持股计划。鉴于公司2023年年度 权益分派已实施完成，自2024年4月29日起回购价格上限由56.11元/ 股调整为56.01元/股。具体内容详见公司分别于2024年3月2日、2024 年4月20日登载于巨潮资讯网（www.cninfo.com.cn）的《关于回购公 司股份方案的公告》（公告编号：2024-004）、《2023年年度权益分派 实施公告》（公告编号：2024-030）。 根据《深圳证券交易所上市公司自律监管指引 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company reported a revenue of 3.21 billion yuan in H1 2024, a year-on-year decrease of 4.35%, with a net profit attributable to shareholders of 4.89 million yuan, down 62.02% year-on-year. In Q2 2024, revenue was 1.84 billion yuan, a decline of 7.86%, and net profit was 50.76 million yuan, down 26.36% year-on-year [2] - Despite a weak market demand, the company has actively developed new scenarios and expanded into new markets, resulting in a revenue decline that is significantly less than the overall industry downturn [2] - The gross profit margin remained stable year-on-year at 31.27%, with a slight increase of 0.08 percentage points. The sales expenses were slightly diluted [2] - The company has reduced cash payments, leading to a year-on-year increase in operating cash flow, with a net cash flow from operating activities of -190 million yuan, an increase of 55.65% year-on-year [2] Financial Forecasts and Valuation - The company has adjusted its net profit forecasts for 2024-2026 to 274 million yuan, 379 million yuan, and 482 million yuan, respectively, with corresponding P/E ratios of 26X, 19X, and 15X. The rating remains "Buy" due to the potential for performance recovery and improvement in operational efficiency [3]

Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook for the stock over the next six months [5]. Core Insights - The company's revenue for the first half of 2024 was CNY 3.21 billion, a year-on-year decrease of 4.35%, while the net profit attributable to shareholders was CNY 0.05 billion, down 62.02% year-on-year. The performance aligns with previous forecasts [1]. - The company is expected to benefit from new financial measures supporting the real estate sector, which may improve demand in the medium to long term [1]. - The projected net profit for the years 2024 to 2026 is CNY 0.43 billion, CNY 0.52 billion, and CNY 0.64 billion, respectively [1]. Revenue and Profitability - The core product line of door and window hardware generated revenue of CNY 1.39 billion in the first half of 2024, a decline of 16.04% year-on-year, but the gross margin improved by 0.58 percentage points to 39.94% [2]. - Revenue from home products and other building hardware increased by 13.7% and 16.6% year-on-year, respectively, with gross margins of 29.2% and 16.7% [2]. - The overall gross margin for the first half of 2024 increased by 0.1 percentage points to 31.3% [2]. Cost Management and Efficiency - The company demonstrated improved profitability despite rising raw material costs, indicating an effective price transmission mechanism [3]. - The expense ratio increased by 0.39 percentage points to 27.95%, with variations in sales, management, R&D, and financial expense ratios [3]. Digital Transformation and Channel Development - The company has expanded its domestic and international sales network to over 1,000 points and has a sales team of over 6,000 people [4]. - The company is focusing on digital platforms, launching "Jianlang Cloud Procurement" for B-end clients and a new online platform "Jiayoumeiwu" for C-end users [4]. - Revenue from subsidiaries such as Jianyi Jia, Haibeisi, and Precision Manufacturing for the first half of 2024 was CNY 0.124 billion, CNY 0.078 billion, and CNY 0.199 billion, respectively [4].

Investment Rating - The investment rating for the company is maintained as "Buy" with a target price of RMB 29.51 [1] Core Insights - The company reported a revenue of RMB 3.21 billion for H1 2024, a year-on-year decrease of 4.35%, and a net profit attributable to the parent company of RMB 4.89 million, down 62.02% year-on-year [1] - The company is focusing on expanding new scenarios and products, which has led to a stable gross margin of 31.27% in H1 2024, with specific product lines showing varied performance [2] - The company is actively pursuing channel expansion and overseas market development, with over 1,000 sales contact points established [4] Revenue and Profitability - H1 2024 revenue breakdown includes: RMB 1.39 billion from door and window hardware (down 16.0%), RMB 0.59 billion from home products (up 13.7%), and RMB 0.52 billion from other construction hardware (up 16.6%) [2] - The gross margin for H1 2024 was 31.27%, slightly up by 0.08 percentage points year-on-year [2] - The company’s net profit margin for H1 2024 was 0.15%, a decrease of 0.23 percentage points year-on-year [3] Financial Metrics - The company’s operating cash flow improved significantly, with a net cash flow from operating activities of -RMB 190 million, an increase of RMB 238 million year-on-year [3] - The company’s debt ratios include a total debt ratio of 43.5% and a interest-bearing debt ratio of 5.2%, both showing a decrease compared to the previous year [3] - The forecasted sales revenue for 2024-2026 is adjusted to RMB 7.30 billion, RMB 7.98 billion, and RMB 8.83 billion respectively [5] Market Position and Strategy - The company is leveraging opportunities in channel penetration and the long-tail effect of new product categories, with a focus on emerging markets related to the "Belt and Road" initiative [4] - The sales team has expanded to over 6,200 personnel, enhancing the company's market reach [4] - The company has established 16 overseas warehouses to replicate its domestic sales model, aiming for quick response to customer supply needs [4]

公 司 半 年 报 点 评 证 券 研 究 报 告 公 司 报 告 坚朗五金(002791.SZ) 收入端呈现韧性，毛利率保持平稳 推荐 ( 维持) 事项： 股价:22.16元 | --- | --- | |------------------------|-----------------| | 行业 | 建材 | | 公司网址 | www.kinlong.com | | 大股东 / 持股 | 白宝鲲 /37.41% | | 实际控制人 | 白宝鲲 | | 总股本 ( 百万股 ) | 322 | | 流通 A 股 ( 百万股 ) | 164 | | 流通 B/H 股 ( 百万股 ) | | | 总市值 ( 亿元 ) | 71 | | 流通 A 股市值 ( 亿元 ) | 36 | | 每股净资产 ( 元 ) | 15.79 | | 资产负债率 (%) | 43.5 | | 行情走势图 | | | | | 相关研究报告 【平安证券】坚朗五金（002791.SZ）*季报点评*业 绩保持平稳，应收款持续减少*推荐20240425 | --- | --- | |-------------------|-------- ...

广东坚朗五金制品股份有限公司 Guangdong Kinlong Hardware Products Co., LTD. 募集资金管理制度 二〇二四年八月 1 广东坚朗五金制品股份有限公司募集资金管理制度 广东坚朗五金制品股份有限公司 募集资金管理制度 第一章 总 则 第一条 为规范广东坚朗五金制品股份有限公司（以下称"公司"或"本公司"） 募集资金的管理和使用，保护投资者利益，根据《中华人民共和国公司法》、《中华 人民共和国证券法》、《上市公司证券发行注册管理办法》、《上市公司监管指引第 2 号——上市公司募集资金管理和使用的监管要求》、《深圳证券交易所股票上市规则》 （以下称"《股票上市规则》"）、《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》（以下称"《规范运作指引》"）等法律、行政法规、规章、 规范性文件及《广东坚朗五金制品股份有限公司章程》（以下称"《公司章程》"）的 规定，并结合本公司实际，特制定本制度。 第二条 本制度所称募集资金是指公司通过发行股票及其衍生品种，向投资者 募集并用于特定用途的资金。 第三条 本制度是公司对募集资金使用和管理的基本行为准则。如募集资金投 ...

二、董事会会议审议情况 本次会议审议通过了以下议案： 证券代码：002791 证券简称：坚朗五金 公告编号：2024-060 广东坚朗五金制品股份有限公司 第四届董事会第二十一次会议决议公告 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。 一、董事会会议召开情况 广东坚朗五金制品股份有限公司（以下简称"公司"）第四届董 事会第二十一次会议于2024年8月30日在广东省东莞市塘厦镇坚朗路 3号公司总部会议室，采取现场结合通讯表决方式召开。会议通知于 2024年8月20日以电子邮件等方式向全体董事发出。应出席会议董事 11人，实际出席会议董事11人，其中，董事白宝鲲、白宝萍、王晓丽、 赵键、赵正挺、王立军、张爱林、许怀斌以视频方式参会。公司监事 及高级管理人员列席了会议，会议的召开符合《公司法》《公司章程》 的有关规定。会议由董事长白宝鲲先生主持。 （三）关于修订《募集资金管理制度》的议案 （一）关于公司《2024年半年度报告》全文及摘要的议案 公司《2024年半年度报告》《2024年半年度报告摘要》（公告编号： 2024-062）同日登载于巨潮资讯网（www.c ...

Financial Performance - The company's operating revenue for the first half of 2024 was CNY 3,210,299,159.60, a decrease of 4.35% compared to CNY 3,356,210,826.19 in the same period last year[12]. - The net profit attributable to shareholders was CNY 4,890,156.41, down 62.02% from CNY 12,877,287.21 year-on-year[12]. - The basic earnings per share were CNY 0.02, down 50.00% from CNY 0.04 in the same period last year[12]. - The diluted earnings per share also stood at CNY 0.02, reflecting a 50.00% decrease compared to CNY 0.04 previously[12]. - The company reported a significant decline in net profit after deducting non-recurring gains and losses, amounting to CNY -16,901,339.04, compared to CNY 4,044,564.86 in the previous year, a drop of 517.88%[12]. - The weighted average return on net assets was 0.10%, down from 0.27% in the same period last year, a decrease of 0.17%[12]. - The company reported a significant loss in investment income of CNY -4,287,735.84, which accounted for -60.90% of total profit[30]. - The total comprehensive income for the first half of 2024 was approximately CNY 42.96 million, compared to CNY 163.03 million in the same period of 2023[118]. Cash Flow and Assets - The net cash flow from operating activities improved by 55.65%, reaching CNY -189,611,882.85 compared to CNY -427,575,404.08 in the previous year[12]. - The total assets at the end of the reporting period were CNY 9,454,713,216.90, a decrease of 3.76% from CNY 9,824,260,480.78 at the end of the previous year[12]. - The net cash flow from operating activities was -189,611,882.85 CNY, an improvement from -427,575,404.08 CNY in the previous period, indicating a 55.7% reduction in cash outflow[120]. - The ending balance of cash and cash equivalents was 740,566,473.19 CNY, down from 1,062,837,857.78 CNY, indicating a decrease of 30.3%[121]. - Total current assets decreased to CNY 6,482,941,675.43 from CNY 7,003,058,152.19, a decline of approximately 7.4%[107]. - Cash and cash equivalents dropped to CNY 758,562,222.58 from CNY 1,197,530,460.56, representing a decrease of about 36.8%[106]. - Accounts receivable increased to CNY 3,851,124,518.20 from CNY 3,547,777,722.14, an increase of approximately 8.5%[106]. - Inventory decreased to CNY 1,212,611,633.60 from CNY 1,337,131,852.22, a decline of about 9.3%[106]. Market Position and Strategy - The company is a leading player in the mid-to-high-end building hardware industry, focusing on the research, production, and sales of building hardware systems and components, with a significant market presence in various construction projects including major airports and infrastructure[16]. - The company has established over 1,000 domestic and international sales outlets, with a sales team of more than 6,000 people, and has expanded its market presence to over 100 countries and regions[21]. - The company is actively investing in smart home products, including smart locks and bathroom hardware, and is entering new business areas such as security, underground comprehensive pipe corridors, and fireproof materials[21]. - The company emphasizes a "research + manufacturing + service" sales model to meet diverse customer needs and market changes, enhancing its sales service capabilities[21]. - The company is positioned as an integrated supplier of building components, responding to the increasing demand for integrated product sales in the real estate sector[21]. - The company aims to reduce procurement management costs for clients by providing one-stop purchasing services, ensuring product quality while streamlining the supply chain[21]. Research and Development - The company's R&D investment increased by 4.81% to ¥135,283,319.49 from ¥129,078,554.42 year-on-year[28]. - The company has a strong focus on product design capabilities, production scale, and technological advancement, maintaining an industry-leading position in these areas[17]. - The company has made significant investments in enhancing its product lines, particularly in energy-efficient and green building solutions, to meet the evolving consumer demand for high-quality living[21]. Environmental Compliance - The company has established environmental protection protocols in compliance with various laws and regulations, ensuring legal operation and environmental responsibility[55]. - The environmental permits for the company and its subsidiaries are valid until 2028, indicating ongoing compliance with environmental regulations[56]. - The total emissions of particulate matter for the first half of the year were 4.5417 tons, with an annual limit of 16.5471 tons, complying with the Guangdong Province air pollution discharge standards[57]. - The company effectively managed wastewater treatment, ensuring that all wastewater met the Guangdong Province discharge limits before entering the municipal sewage system[59]. - Solid waste management procedures are in place, with hazardous waste being collected and disposed of by qualified companies, ensuring compliance with regulations[60]. Shareholder and Equity Information - The company plans to issue A-shares to specific investors, with a maximum of 48,231,000 shares to be issued, raising up to 1,985 million RMB[84]. - The total number of common shareholders at the end of the reporting period was 28,946, with the largest shareholder, Bai Baokun, holding 37.41% of shares[95]. - Bai Baokun, the actual controller of the company, holds 120,283,973 shares, while Yan Guilin and Bai Baoping hold 24,999,835 and 23,874,345 shares respectively[96]. - The company will not distribute cash dividends or issue bonus shares for the half-year period, nor will it increase share capital from capital reserves[52]. Financial Management and Risk Control - The company has implemented strict risk control measures for foreign exchange hedging to mitigate potential losses from currency fluctuations[44]. - The company has established a management system to handle the complexities of diverse products and customer orders, but faces increased management risks as it scales[47]. - The company has not engaged in speculative derivative investments during the reporting period[41]. Corporate Governance - The company has not reported any changes in accounting policies or prior period error corrections during this reporting period[131]. - The financial statements have been prepared in accordance with the accounting standards set by the Ministry of Finance, ensuring a true and complete reflection of the company's financial status and operating results[141]. - The company evaluates control over the investee based on various factors, including the purpose of establishment and decision-making activities[151].

证券代码：002791 证券简称：坚朗五金 公告编号：2024-064 广东坚朗五金制品股份有限公司 关于 2024 年半年度计提资产减值准备及核销资产的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完 整，没有虚假记载、误导性陈述或重大遗漏。 根据《企业会计准则》《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》等有关规定，为真实、准确反映广东坚朗五 金制品股份有限公司（以下简称"公司"）2024 年半年度财务状况和经 营成果，公司及子公司对各类资产进行充分评估和减值测试。基于谨慎性 原则，公司对截至 2024 年 6 月 30 日可能发生资产减值损失的有关资产 计提资产减值准备，并对无法收回的款项进行核销。现将具体情况公告如 下： 一、本次计提资产减值准备情况 | 项目 | 期初余额 | 本期计提 | 收回 | 转回 | 转销/核销 | 其他变动 | 期末余额 | | --- | --- | --- | --- | --- | --- | --- | --- | | 应收账款坏账准备 | 42,253.42 | 10,574.24 | 130.52 | 1,904.32 | ...