北京市朝阳区建外大街丁 12 号英皇集团中心 8、9、11 层 8/9/11/F, Emperor Group Centre, No.12D, Jianwai Avenue, Chaoyang District, Beijing, 100022, P.R.China 电话/Tel.:010-50867666 传真/Fax:010-56916450 网址/Website:www.kangdalawyers.com 北京 西安 深圳 海口 上海 广州 杭州 沈阳 南京 天津 菏泽 成都 苏州 呼和浩特 香港 武汉 郑州 长沙 厦门 重庆 合肥 宁波 济南 北京市康达律师事务所 关于蒙娜丽莎集团股份有限公司 2024 年第三次临时股东大会的法律意见书 康达股会字【2024】第 2217 号 致：蒙娜丽莎集团股份有限公司 北京市康达律师事务所（以下简称"本所"）接受蒙娜丽莎集团股份有限公 司（以下简称"公司"）的委托，指派本所律师参加公司 2024 年第三次临时股 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》"）、《 ...

| 证券代码：002918 | 证券简称：蒙娜丽莎 | 公告编号：2024-084 | | --- | --- | --- | | 债券代码：127044 | 债券简称：蒙娜转债 | | 蒙娜丽莎集团股份有限公司 2024 年第三次临时股东大会决议公告 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。 特别提示： 1、本次股东大会无否决或变更议案的情况。 2、本次股东大会不涉及变更前次股东大会决议的情况。 3、本次股东大会以现场投票、网络投票相结合的方式召开。 一、会议的召开和出席情况 （一）会议召开情况 1、会议召开的日期、时间： （1）现场会议召开时间：2024 年 10 月 31 日（星期四）下午 14:30 （2）网络投票时间： ①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 10 月 31 日上午 09:15-9:25、9:30-11:30，下午 13:00-15:00。 ①通过深圳证券交易所互联网投票系统投票的开始时间为 2024 年 10 月 31 日上午 9:15 至下午 15:00 期间的任意时间。 2、会议召开方式：本次股东大 ...

| 证券代码：002918 | 证券简称：蒙娜丽莎 | 公告编号：2024-088 | | --- | --- | --- | | 债券代码：127044 | 债券简称：蒙娜转债 | | 关于取得发明专利证书的公告 蒙娜丽莎集团股份有限公司 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。 蒙娜丽莎集团股份有限公司（以下简称"蒙娜丽莎"或"公司"）于近日取得国家知 识产权局颁发的发明专利证书共 7 项，具体情况如下： 特此公告。 蒙娜丽莎集团股份有限公司董事会 2024 年 11 月 1 日 上述发明专利为公司自主研发成果。专利的取得和应用不会对公司目前的生产经营产 生重大影响，但有利于充分发挥公司自主知识产权的优势，促进技术创新，增强公司产品 的核心竞争力，对公司未来发展产生积极影响。 | 序 | 专利 | 专利 | 发明名称 | 专利号 | 专利 | 专利授权 | 证书号 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 号 | 类型 | 权人 | | | 申请日 | 公告日 | | ...

Investment Rating - The report maintains a "Buy" rating for the company [2] Core Views - The company's performance has been under pressure, but a recovery is expected due to favorable policies in the real estate sector [5] - For the first three quarters of 2024, the company reported revenues of 3.57 billion yuan, a year-on-year decline of 21.4%, and a net profit attributable to shareholders of 140 million yuan, down 57.9% [2][3] - The company is focusing on expanding its distribution business while reducing its exposure to riskier engineering projects, leading to a smaller decline in distribution revenue [3] - The gross margin has decreased due to intensified competition and fixed cost rigidity, with Q3 2024 gross margin at 27.6%, down 2.0 percentage points year-on-year [4] - The company has maintained good operating cash flow, with net cash flow from operating activities of 520 million yuan in Q3 2024, an increase of 40 million yuan year-on-year [4] Summary by Sections Revenue Performance - For the first nine months of 2024, the company achieved revenue of 3.57 billion yuan, a decline of 21.4% year-on-year, with Q3 revenue at 1.24 billion yuan, down 24.3% [2][3] Business Segmentation - The distribution business accounted for 75.6% of total revenue, with a year-on-year decline of 6.8%, while the engineering business saw a 47.1% decline [3] Profitability Metrics - The gross margin for Q3 2024 was 27.6%, down 2.0 percentage points year-on-year, and the net margin was 4.0%, down 4.2 percentage points [4] Cash Flow Analysis - The company reported a net cash inflow from operating activities of 520 million yuan in Q3 2024, reflecting effective inventory management and cost control [4] Market Outlook - The real estate market is showing signs of recovery, with policies aimed at stabilizing the market, which is expected to benefit the company as an industry leader [5]

| 证券代码：002918 | 证券简称：蒙娜丽莎 | 公告编号：2024-083 | | --- | --- | --- | | 债券代码：127044 | 债券简称：蒙娜转债 | | 蒙娜丽莎集团股份有限公司 关于子公司与专业投资机构共同投资设立合伙企业的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 一、投资概述 本次投资不涉及关联交易，不构成《上市公司重大资产重组管理办法》所规定的重大 资产重组情况。 二、投资标的基本情况 1、合伙企业名称：广东乾粤木霖投资合伙企业（有限合伙）（实际名称以企业登记 机关核准登记为准。） 2、合伙企业类型：有限合伙企业 3、合伙企业注册地点：广州市越秀区东风中路437号2402室 4、合伙企业经营范围：以自有资金从事投资活动；社会经济咨询服务；商务信息咨 询（不含投资类咨询）；融资咨询服务。（除依法须经批准的项目外，凭营业执照依法自 主开展经营活动）。 5、合伙企业出资额及出资方式： | 合伙人名称 | 认缴出资额（人民币元） | 认缴出资比例 | 缴付期限 | | --- | --- | --- | --- | ...

%% %% 丨证券研究报告丨 公司研究丨点评报告丨蒙娜丽莎（002918.SZ） [Table_Title] 收入扩大下行，盈利趋于稳定 | --- | --- | --- | |-----------------|-------------------------------------------------------------------------------------------|-------| | | | | | 报告要点 | | | | [Table_Summary] | 蒙娜丽莎收入扩大下行，盈利趋于稳定。前三季度实现营业收入 35.7 亿元，同比下降 21% ； | | 分析师及联系人 [Table_Author] 范超 张佩 SAC：S0490513080001 SAC：S0490518080002 SFC：BQK473 请阅读最后评级说明和重要声明 蒙娜丽莎（002918.SZ） cjzqdt11111 2024-10-28 相关研究 [Table_Title2] 收入扩大下行，盈利趋于稳定公司研究丨点评报告 [Table_Rank]投资评级 买入丨维持 [Table_Summa ...

我们现在邀请到了蒙大利亚的董事董事会秘书张其昌先生以及证券部的经理徐瑞先生还有我们法律总监的团官雪峰来对这个三七八进行一个电话会议的解读首先我们还是按照惯例由张总对这个三七八情况对大家进行一个综合的阐述然后咱们再进入一个问答环节张总您可以开始了 好的好谢谢主持人郑总也感谢各位投资机构代表抽出时间来参加今天这个时点的潮商证券联盟拉丽莎这样的一个线下交流那么今年三七八大家都看到了我们的这个营收实际上同比是下降21个百分点那么我们拆分一下经销面务是占到了27个亿 是个位次的下降但工程业务应该说萎缩的比较严重只有8.7笔亿同比下降的是47%归主上市公司股中的净利润1.4笔亿同比下降也是腰斩但是如果我们把单项选择拿掉那么我们的利润应该说也不低那么这些最多的原因主要是整个建构投资市场需求是偏弱的 产业的非常内卷内卷主要就是过去高度猛进带来的产能过剩竞争进不下去夹着仗进入白热化过去以前我们讲白热化是怎么样理解的现在不用理解自己亲身感受然后我们在工程端环境设施其实还有一两百亿的市场份额但是你不敢做所以国内还是把风险管控 反正比较守卫啊因为毕竟过去一路上来的对我们的压力是蛮大的所以我们主动放弃了啊这个氮气厂啊收房风险大啊啊这个 ...

Investment Rating - The report maintains an "Overweight" rating for the company, reflecting confidence in its long-term growth potential despite short-term challenges [4][6] Core Views - The company's Q3 performance was significantly pressured, with revenue and net profit declining sharply due to weak demand in the real estate and construction ceramics sectors [1] - Raw material price increases have significantly impacted profitability, with Q3 gross margin dropping by 3.55 percentage points year-over-year [2] - Despite cost pressures, the company's cash flow has shown continuous improvement, with CFO net inflow increasing by RMB 39 million year-over-year in the first three quarters [3] - The report expects the company's profitability to improve if raw material costs continue to decline [2] - Long-term growth potential remains strong, with market share expansion expected if industry demand recovers [4] Financial Performance Summary Revenue and Profit - Q1-3 2024 revenue: RMB 3.572 billion, down 21.41% year-over-year [1] - Q1-3 2024 net profit attributable to parent company: RMB 141 million, down 57.85% year-over-year [1] - Q3 2024 revenue: RMB 1.238 billion, down 24.30% year-over-year [1] - Q3 2024 net profit attributable to parent company: RMB 58 million, down 65.72% year-over-year [1] Profitability - Q3 2024 gross margin: 29.01%, down 3.55 percentage points year-over-year [2] - Q1-3 2024 gross margin: 27.6%, down 2.0 percentage points year-over-year [2] - Q1-3 2024 net margin: 3.99%, down 4.25 percentage points year-over-year [3] Cash Flow - Q1-3 2024 CFO net inflow: RMB 515 million, up RMB 39 million year-over-year [3] - Collection ratio: 111.7%, up 7.92 percentage points year-over-year [3] - Payment ratio: 99.46%, down 3.01 percentage points year-over-year [3] Financial Forecasts - 2024E revenue: RMB 4.465 billion, down 24.59% year-over-year [5] - 2024E net profit attributable to parent company: RMB 201.59 million, down 24.28% year-over-year [5] - 2025E revenue: RMB 4.500 billion, up 0.78% year-over-year [5] - 2025E net profit attributable to parent company: RMB 235.20 million, up 16.68% year-over-year [5] - 2026E revenue: RMB 4.757 billion, up 5.71% year-over-year [5] - 2026E net profit attributable to parent company: RMB 318.60 million, up 35.46% year-over-year [5] Industry and Market Position - The company is a leading player in the ceramic tile industry, with potential for market share expansion if industry demand recovers [4] - The report highlights the company's strong position in the home furnishing sector within the light manufacturing industry [6] Valuation Metrics - 2024E P/E: 17.96x [5] - 2024E P/B: 0.99x [5] - 2024E P/S: 0.81x [5] - 2024E EV/EBITDA: 4.32x [5]

证券代码：002918 证券简称：蒙娜丽莎 蒙娜丽莎集团股份有限公司 | --- | --- | --- | |------------------|---------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | 编号： 2024-008 | | 投资者关系活动记录表 | | | 特定对象调研 | □分析师会议 | | 投资者关系活动类 | □媒体采访 | □业绩说明会 | | 别 | □新闻发布会 | □路演活动 | | | □现场参观 | 其他： 电话会议 | | 活动参与人员 | | 华泰证券、鹏华基金、平安养老保险、海富通基金、诺安基金、 Cephei Capital ...

Financial Performance - The company's operating revenue for Q3 2024 was ¥1,237,653,655.20, a decrease of 24.30% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was ¥57,916,357.56, down 65.72% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥53,589,390.19, a decline of 68.74% compared to the previous year[2]. - The net profit for the third quarter of 2024 was CNY 142,353,096.88, a decrease of 62.0% compared to CNY 374,226,914.75 in the same period last year[18]. - Operating profit for the third quarter was CNY 186,997,905.60, down 55.2% from CNY 417,476,913.42 year-over-year[18]. - The company reported a total profit of CNY 187,475,620.54, down 55.3% from CNY 419,687,632.01 in the same quarter last year[18]. - The basic earnings per share for the third quarter were CNY 0.34, compared to CNY 0.80 in the previous year, reflecting a decrease of 57.5%[18]. Assets and Liabilities - The total assets at the end of Q3 2024 were ¥8,903,311,856.77, representing an 8.16% decrease from the end of the previous year[2]. - The company's total assets are CNY 8,903,311,856.77, down from CNY 9,694,429,864.69, representing a decrease of about 8.2%[16]. - Total liabilities decreased to CNY 5,110,564,750.22 from CNY 5,905,853,834.41, a decline of approximately 13.4%[16]. - Non-current assets totaled CNY 4,299,864,062.24, down from CNY 4,469,388,507.71, indicating a decrease of about 3.8%[15]. Cash Flow - Cash flow from operating activities for the year-to-date was ¥515,363,859.89, an increase of 8.23% compared to the same period last year[2]. - Cash flow from operating activities generated a net amount of CNY 515,363,859.89, an increase of 8.5% compared to CNY 476,184,257.89 in the previous year[20]. - The company experienced a net cash outflow from financing activities of CNY 1,321,716,880.49, compared to a net outflow of CNY 97,053,613.96 in the previous year[21]. - The net cash flow from investing activities was -¥5,935.04 million, a 73.82% improvement compared to the previous year[8]. - The cash inflow from investment activities was CNY 73,509,671.93, a significant decrease from CNY 1,929,025.81 in the same period last year[20]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 25,137, with the top ten shareholders holding a combined 62.76% of the shares[10]. - The largest shareholder, Xiao Hua, holds 30.13% of the shares, amounting to 125,080,560 shares[9]. - The company has a total of 6,379,004 shares in its repurchase account, representing 1.54% of the total share capital[10]. - The top four shareholders, including Xiao Hua, Huo Rongquan, Deng Qitang, and Zhang Qikang, are acting in concert[10]. - The company has not disclosed any new related party relationships among other shareholders[10]. - The number of preferred shareholders and their holdings is not applicable[11]. - The company has not reported any changes in the participation of the top ten shareholders in margin trading[10]. Operational Challenges - The company reported a significant decrease in revenue from its engineering strategic business, which fell by 47.13% year-on-year to ¥87,064.05 million[6]. - The company is focusing on reducing operating costs and improving cash flow management in response to declining revenues[17]. - Total operating revenue for the current period is CNY 3,572,173,750.32, down from CNY 4,545,089,006.93 in the previous period, representing a decrease of approximately 21.4%[17]. - Total operating costs for the current period are CNY 3,387,159,287.65, compared to CNY 4,097,475,608.96 in the previous period, indicating a decrease of about 17.3%[17]. - The company reported a decrease in other income to CNY 22,045,631.33 from CNY 9,072,715.22 year-over-year[18]. - The company experienced a 40.20% decrease in cash and cash equivalents, primarily due to the redemption of convertible bonds and repayment of bank loans[6]. - The company's cash and cash equivalents decreased to CNY 1,285,049,174.66 from CNY 2,149,000,125.05, a decline of approximately 40.3%[14]. - Accounts receivable increased to CNY 892,230,675.74 from CNY 852,110,487.57, reflecting a growth of about 4.7%[14]. - Inventory decreased to CNY 1,179,370,843.96 from CNY 1,509,333,654.57, a reduction of approximately 21.9%[14].