Investment Rating - The report maintains a "Recommend" rating for the company, indicating an expectation to outperform the benchmark index by 10%-20% over the next six months [7][13]. Core Insights - Yutong Technology (002831) is positioned as a leading player in the packaging industry, benefiting from stable growth and high dividend payouts. The company is expected to gain from the development of its smart glasses business [2][7]. - The company holds a 0.48% stake in Longqi Technology, which recently listed on the Hong Kong Stock Exchange, potentially enhancing collaboration in the smart glasses sector [2][7]. - Yutong's overseas production capacity provides a significant competitive advantage, with higher gross margins in international markets compared to domestic ones. The gross margin for overseas markets was 28.79% in the first half of 2025, while domestic margins were only 19.41% [2][7]. - The company is projected to achieve steady revenue growth, with total revenue expected to reach 17.16 billion yuan in 2024, growing to 22.92 billion yuan by 2027, reflecting a compound annual growth rate (CAGR) of approximately 9.6% [2][8]. - Net profit attributable to the parent company is forecasted to increase from 1.41 billion yuan in 2024 to 2.17 billion yuan in 2027, with a notable growth rate of 16.6% in 2025 [2][8]. - The target price for the company's stock is set at 35.13 yuan, based on a price-to-earnings (P/E) ratio of 17 times for 2026 [3][7]. Financial Summary - Total revenue projections for Yutong Technology are as follows: - 2024: 17,157 million yuan - 2025: 18,818 million yuan - 2026: 20,907 million yuan - 2027: 22,922 million yuan - Net profit attributable to the parent company is projected as: - 2024: 1,409 million yuan - 2025: 1,643 million yuan - 2026: 1,902 million yuan - 2027: 2,172 million yuan - Earnings per share (EPS) is expected to grow from 1.53 yuan in 2024 to 2.36 yuan in 2027 [2][8].

Group 1 - The packaging and printing sector increased by 1.35% on February 3, with Kangxin New Materials leading the gains [1] - The Shanghai Composite Index closed at 4067.74, up 1.29%, while the Shenzhen Component Index closed at 14127.1, up 2.19% [1] - Key stocks in the packaging and printing sector showed significant price increases, with Kangxin New Materials rising by 6.96% to a closing price of 3.84 [1] Group 2 - The sector experienced a net outflow of 83.89 million yuan from institutional investors, while retail investors saw a net inflow of 131 million yuan [2] - Among individual stocks, Shunpiao Co. had a notable net inflow of 79.68 million yuan from institutional investors [3] - The overall trading volume and turnover in the packaging and printing sector were substantial, indicating active market participation [1][2]

Group 1 - The "DT New Leaf Award" is a prestigious award aimed at discovering, showcasing, and recognizing outstanding products and companies in the bio-based industry, set to be announced at the 11th Bio-based Conference [2][59] - The first round of applications for the award will close on February 10, 2026, offering exclusive promotional opportunities for participants [2][62] - The term "New Leaf" symbolizes vitality and sustainable innovation, reflecting the award's goal to highlight pioneering forces in the bio-based sector [2] Group 2 - Over 30 listed and representative companies have registered to participate in the "2026 DT New Leaf Award," showcasing a diverse range of products and innovations [3] - Notable participating companies include Wanhua Chemical, Guanghua Weiye, and Shuangqiang Technology, each presenting their latest products in various categories [3] - The award categories include innovations in bio-based materials, key chemicals, and low-carbon solutions, with companies like Lif Biological and Heng Carbon Technology leading in their respective fields [3][11][14] Group 3 - Wanhua Chemical is recognized as a leading global chemical new materials company and has established a presence in the bio-based polyurethane industry [7] - Guanghua Weiye, a leader in 3D printing materials, plans to further its market presence with an upcoming listing on the Beijing Stock Exchange [8] - Shuangqiang Technology, known as the first publicly listed company in the bamboo industry, has signed a contract to develop bamboo-based composite materials, indicating significant market potential [9] Group 4 - Lif Biological is a global leader in PEF and FDCA, with a significant investment in a production line expected to yield 15,000 tons of FDCA annually, generating over 1 billion yuan in revenue [11] - Zhongke Guosheng has completed a 200 million yuan A-round financing and is on track to produce FDCA at a large scale by 2026 [12][13] - Heng Carbon Technology has developed a revolutionary production technology for 1,3-propanediol, achieving nearly zero carbon emissions and high purity [14] Group 5 - Companies like Jinguo Zhongju and Sugar Energy Technology are focusing on innovative bio-based materials, with significant advancements in production capabilities and product offerings [16][17] - The bio-based industry is seeing a surge in innovative solutions, with companies like Huafeng New Materials and Yutong Packaging leading the charge in developing environmentally friendly products [28][29] - The DT New Leaf Award aims to promote collaboration and resource integration across the bio-based industry, enhancing the transition to green and low-carbon solutions in various sectors [57]

截至2026年1月21日收盘，裕同科技(002831)报收于27.09元，下跌1.38%，换手率1.48%，成交量7.55万 手，成交额2.04亿元。 当日关注点 交易信息汇总资金流向 1月21日主力资金净流出404.17万元；游资资金净流入592.28万元；散户资金净流出188.1万元。 深圳市裕同包装科技股份有限公司于2026年1月19日召开第五届董事会第十八次会议，审议通过《关于 调整外汇套期保值业务额度的议案》。公司及控股子公司外汇套期保值业务额度调整为70,000万美元 （折合），可在额度内循环操作，有效期自董事会审议通过之日起，至公司董事会或股东会作出新授权 之日止，最长不超过12个月。会议召集和表决程序符合法律法规及公司章程规定。 公司公告汇总第五届董事会第十八次会议决议公告 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 来自交易信息汇总：1月21日主力资金净流出404.17万元，游资资金净流入592.28万元。 来自公司公告汇总：裕同科技董事会通过议案，将外汇套期保值业务额度由60,000万美元调整为 70,000 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码： 002831 证券简称：裕同科技 公告编号：2026-004 深圳市裕同包装科技股份有限公司 第五届董事会第十八次会议决议公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、误导性陈述或者重大遗漏。 深圳市裕同包装科技股份有限公司（以下简称"公司"）第五届董事会第十八次会议通知于2026年1月16 日（星期五）以书面或邮件方式发出，会议于2026年1月19日（星期一）以通讯表决的方式召开，本次 会议应参与表决的董事8人，实际参与表决的董事8人，分别为：王华君先生、吴兰兰女士、刘宗柳先 生、刘中庆先生、王利婕女士、吴宇恩先生、邓赟先生、邓琴女士。本次会议由公司董事长王华君先生 主持，会议的召集和召开符合有关法律、法规及《公司章程》的规定，会议形成的决议合法有效。经与 会董事认真审议，本次会议讨论并通过如下决议： 一、议案及表决情况 1、审议通过《关于调整外汇套期保值业务额度的议案》。 表决结果：全体董事以8票赞成、0票反对、0票弃权审议通过。 为进一步规避和防范外汇市场风险，基于汇率波动情况以及海外业务发展趋势，公司拟将开展外汇套 ...

截至2026年1月20日收盘，裕同科技（002831）报收于27.47元，较前一交易日上涨0.88%，最新总市值 为252.87亿元。该股当日开盘27.22元，最高27.48元，最低27.07元，成交额达1.71亿元，换手率为 1.23%。 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 近日，裕同科技发布关于调整外汇套期保值业务额度的公告。公告称，公司于2026年1月19日召开第五 届董事会第十八次会议，审议通过了《关于调整外汇套期保值业务额度的议案》。根据公告内容，公司 及控股子公司拟将外汇套期保值业务额度由60,000万美元调整为70,000万美元（折合），额度有效期不 超过12个月，可在额度内循环开展。业务种类包括远期结售汇、外汇掉期、货币掉期、外汇期权及相关 组合产品，交易对手为具有资质的境内外金融机构，资金来源为自有及自筹资金。公司已制定相关管理 制度，明确风险控制措施，不进行投机和套利交易。 《关于调整外汇套期保值业务额度的公告》 《第五届董事会第十八次会议决议公告》 最新公告列表 ...

证券日报网讯 1月20日，裕同科技发布公告称，公司于2026年1月19日召开了第五届董事会第十八次会 议，审议并通过《关于调整外汇套期保值业务额度的议案》，公司拟将开展外汇套期保值业务的额度调 整为：公司及控股子公司开展的外汇套期保值业务额度为70，000万美元（折合），各项业务可以在上 述额度内循环开展。本授权额度的有效期限自公司董事会审议通过之日起，至公司董事会或股东会作出 新的额度授权决议之日止，最长期限不超过12个月。 （编辑 任世碧） ...

股票代码：002831 股票简称：裕同科技 公告编号：2026-005 深圳市裕同包装科技股份有限公司 关于调整外汇套期保值业务额度的公告 1、调整原因及目的：为进一步规避和防范外汇市场风险，基于汇率波动情况 以及海外业务发展趋势，公司及控股子公司拟调整外汇套期保值业务的额度。 3、调整后的资金额度：公司及控股子公司开展的外汇套期保值业务额度为 70,000万美元（折合），各项业务可以在上述额度内循环开展。 4、审议程序：公司于 2026 年 1 月 19 日召开了公司第五届董事会第十八次会 议，审议并通过《关于调整外汇套期保值业务额度的议案》，同意公司及子公司根据 实际经营需求调整外汇套期保值业务的额度。根据相关规定，基于以董事会召开日 的人民币兑美元汇率中间价折算，本议案无需提交股东会审议。 2、交易种类：拟开展外汇套期保值业务的交易种类包括但不限于远期结售汇、 外汇掉期、货币掉期、外汇期权及相关组合产品等业务。 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、误 导性陈述或者重大遗漏。 重要提示： 5、特别风险提示：公司开展外汇套期保值业务遵循合法、谨慎、安全、有效 的原则，不做投机性 ...

证券代码： 002831 证券简称：裕同科技 公告编号：2026-004 深圳市裕同包装科技股份有限公司 第五届董事会第十八次会议决议公告 一、议案及表决情况 1、审议通过《关于调整外汇套期保值业务额度的议案》。 表决结果：全体董事以 8 票赞成、0 票反对、0 票弃权审议通过。 为进一步规避和防范外汇市场风险，基于汇率波动情况以及海外业务发展趋 势，公司拟将开展外汇套期保值业务的额度调整为：公司及控股子公司开展的外 汇套期保值业务额度为 70,000 万美元（折合），各项业务可以在上述额度内循环 开展。本授权额度的有效期限自公司董事会审议通过之日起，至公司董事会或股 东会作出新的额度授权决议之日止，最长期限不超过 12 个月。 具体内容请见公司同日在巨潮资讯网上披露的《关于调整外汇套期保值业务 额度的公告》。 二、备查文件 1、公司第五届董事会第十八次会议决议。 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 深圳市裕同包装科技股份有限公司（以下简称"公司"）第五届董事会第十 八次会议通知于 2026 年 1 月 16 日（星期五）以书面或邮件方式发出，会议于 ...

Summary of YuTong Technology Conference Call Company Overview - **Company**: YuTong Technology - **Industry**: Packaging, specifically focusing on consumer electronics and emerging technologies like AI glasses Key Points and Arguments Business Performance and Strategy - **Market Share and Profitability**: YuTong Technology has increased its market share by enhancing manufacturing efficiency, although profitability has temporarily declined due to customer concessions, stabilizing around 9-10% [2][3] - **Revenue Growth Projections**: Expected revenue growth of 15% and profit growth of 20% by 2026, with current stock price at a low valuation of approximately 13-14 times earnings, suggesting a good investment opportunity [2][6] - **Diversification of Business**: The company has shifted its revenue structure, with consumer electronics now accounting for 70% of revenue, while the share from tobacco has dropped below 10% [2][5] Industry Dynamics - **Packaging Industry Trends**: The overall paper packaging industry is experiencing a decline in the mid-single digits, leading to the exit of mid-tier companies. YuTong is outperforming the market due to overseas capacity expansion and new order acquisition [2][7] - **Smartphone Market Impact**: The smartphone market is projected to grow, with Apple’s market share increasing to 19.7% in 2025, benefiting YuTong as a key supplier [2][8][9] Competitive Positioning - **Competitive Advantage**: YuTong maintains a high net profit margin of around 7% through process refinement and automation, even as the industry faces declining profitability [4][12] - **Collaboration with Meta**: YuTong is collaborating with Meta in the AI glasses sector, which is expected to generate approximately 1.5 billion RMB in additional revenue during the product cycle [4][15] Future Growth Opportunities - **Emerging Markets**: The company is actively expanding into new business lines such as eco-friendly packaging and collectibles, with significant growth anticipated in the AI glasses market by 2026-2027 [2][5][14] - **International Expansion**: YuTong is investing in overseas factories, with plans to establish bases in Southeast Asia and beyond, aiming for a 1:1 ratio of domestic to international capacity [18][22] Financial Outlook - **Profitability Forecast**: From 2025 to 2027, overseas revenue is expected to grow significantly, contributing to 42% of total profits by 2027. The company anticipates a revenue of 20.1 billion RMB in 2026, with adjusted profits around 1.758 billion RMB [22][26] - **Capital Expenditure and Dividends**: The company is adopting a light-asset model, reducing capital expenditures while increasing dividend payouts, with a target dividend ratio of 60-70% [25] Risks and Challenges - **Market Risks**: Potential negative impacts from currency fluctuations, rising pork prices, and paper price increases are noted, but the company has implemented hedging strategies to mitigate these risks [23][24] Conclusion - **Investment Recommendation**: Given the low valuation, strong dividend yield, and growth potential in emerging markets and technologies, YuTong Technology is recommended for investment consideration [26]