证券代码：300218 证券简称：安利股份 公告编号：2025-035 安徽安利材料科技股份有限公司 （一）审议通过《关于在新加坡设立全资子公司的议案》 表决结果：表决票12票，同意票12票，反对票0票，弃权票0票。 公司《关于在新加坡设立全资子公司的公告》具体内容，详见刊登在中国证监会指 定的创业板信息披露网站上的公告。 特此公告。 安徽安利材料科技股份有限公司 第七届董事会第七次会议决议公告 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 安徽安利材料科技股份有限公司（以下简称"公司"）第七届董事会第七次会议通 知已于 2025 年 5 月 23 日以即时通讯等方式送达全体董事。本次会议于 2025 年 6 月 6 日上午在公司行政楼九楼会议室，以现场结合远程视频形式召开。本次应参加会议董事 12 人，实际参加表决董事 12 人，其中独立董事 4 人；董事姚和平、杨滁光、陈茂祥、 方炜、李中亚以远程视频方式参会。会议由公司董事长姚和平先生主持，公司全体监事、 部分高管人员列席了会议。本次会议的召集、召开符合《公司法》和《公司章程》的 ...

证券代码：300218 证券简称：安利股份 公告编号：2025-036 安徽安利材料科技股份有限公司 关于在新加坡设立全资子公司的公告 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。 一、设立新加坡全资子公司概述 基于安徽安利材料科技股份有限公司（以下简称"公司"）海外业务拓展及未来发 展需求，为推动国际化战略实施，公司拟以自有资金在新加坡设立全资子公司，注册资 本 20 万美元，投资总额不超过 50 万美元。 公司于 2025 年 6 月 6 日召开第七届董事会第七次会议，审议通过了《关于在新加 坡设立全资子公司的议案》，董事会同意设立新加坡全资子公司，并授权公司管理层办 理新加坡全资子公司设立相关事宜。根据《深圳证券交易所创业板股票上市规则》《深 圳证券交易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》及《公司章 程》等有关规定，本次设立新加坡全资子公司在公司董事会审批权限范围内，无需提交 股东会审议。 二、拟设立的新加坡全资子公司基本情况 聚氨酯树脂、DMF）销售等。 1、新加坡全资子公司名称 （1）中文名称：安利（新加坡）材料有限公司 （ ...

本公司及董事会全体成员保证信息披露内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 持有的本公司股份 3,157,700 股不参与本次权益分派。本次权益分派将以公司现 有总股本 216,987,000 股扣除已回购股份 3,157,700 股后的 213,829,300 股为基 数，向全体股东每 10 股派发现金股利 2.50 元人民币（含税），共计派发现金股 利 53,457,325.00 元。按公司总股本（含回购股份）折算每 10 股现金股利=现金 分红总额÷公司总股本×10 股=53,457,325.00 元/216,987,000 股×10 股 =2.463618 元(保留六位小数，最后一位直接截取，不四舍五入)。 算每股现金红利）=股权登记日收盘价–0.2463618 元/股。 一、股东会审议通过的权益分派方案 司 2024 年度利润分配预案的议案》，具体为：以公司 2024 年度实施权益分派股 权登记日登记的总股本，扣除公司回购专用证券账户中的股份余额为基数，向可 参与分配的股东每 10 股派发现金红利人民币 2.50 元（含税）。本次利润分配不 送红股，不进行资本公积金转 ...

证券代码：300218 证券简称：安利股份 公告编号：2025-034 安徽安利材料科技股份有限公司 2、本次权益分派实施后除权除息参考价=（股权登记日收盘价–按总股本折 算每股现金红利）=股权登记日收盘价–0.2463618 元/股。 2024 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真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、股东会审议通过的权益分派方案 特别提示： 1、公司于 2025 年 5 月 8 日召开的 2024 年年度股东会审议通过了《关于公 司 2024 年度利润分配预案的议案》，具体为：以公司 2024 年度实施权益分派股 权登记日登记的总股本，扣除公司回购专用证券账户中的股份余额为基数，向可 参与分配的股东每 10 股派发现金红利人民币 2.50 元（含税）。本次利润分配不 送红股，不进行资本公积金转增股本。如在利润分配预案公告披露之日起至实施 权益分派股权登记日期间，公司总股本发生变动的，公司拟维持每股分配金额不 变，相应调整分配总额。 1、安徽安利材料科技股份有限公司（以下简称"公司"）回购专用证券账户 持有的本公司股份 3,157,700 股 ...

证券代码：300218 证券简称：安利股份 安徽安利材料科技股份有限公司投资者关系活动记录表 编号：2025-010 安利股份坚持"专业化、特色化、品牌化、规模化"的发 展战略，经过长期的积累积淀，水性、无溶剂、生物基、回收 再生等工艺技术全球领先，正从 PU 聚氨酯合成革和复合材料领 域，努力向新型生态功能复合材料方向转型发展。 6、沙发家居业务今年能实现增长吗？ 答：受外部环境影响，美线沙发家居品类业务有一定不确 定性，公司力争实现沙发家居品类止跌企稳复苏，力争 2025 年 实现反弹增长。 | |  特定对象调研 | □分析师会议 | | --- | --- | --- | | 投资者关系活动 | □媒体采访 | 业绩说明会 | | | □新闻发布会 | 路演活动 | | 类别 | 现场参观  | | | | 其他 | | | | 1、招商证券：赵希冕； | | | | 2、益沣成资管：马忠军； | | | | 3、岱熹投资：李俊； | | | | 4、毅达资本：陈志强； | | | | 5、陶山基金：王丹等； | | | | 6、喜世润投资：杨渝等； | | | | 7、海富投资：王友； | ...

Core Insights - Company achieved record revenue in Q1 2025, driven by a decade-long strategy of targeting major clients, continuous technological innovation, and responsiveness to global market changes [1][9][12] Group 1: Company Performance - In Q1 2025, the company reported revenue of 5.55 billion yuan and a net profit of 460 million yuan, marking a year-on-year growth of 12.47% [9][12] - For the full year 2024, the company achieved revenue of 24.03 billion yuan, a 20.12% increase, and a net profit of 1.94 billion yuan, up 174.19% [9][12] - The average selling price of products increased by approximately 9.43% in Q1 2025, with a gross margin of 26.81% [12] Group 2: Market Position and Industry Dynamics - The global polyurethane market is projected to grow from 81.4 billion USD in 2024 to 112 billion USD by 2029, indicating strong demand for high-performance materials [4] - The polyurethane industry in China has low market concentration, with the top four companies holding only 19.3% of the market share, leading to intense competition [8] - The company has positioned itself as a leader in the polyurethane composite materials sector, leveraging technological innovation to develop differentiated products [8][9] Group 3: Client Relationships and Strategic Partnerships - The company has successfully established partnerships with major global brands such as Nike, Adidas, and Apple, enhancing its market presence [16][18] - After a decade of effort, the company became a strategic partner of Nike, which significantly boosted its market access and credibility [16][18] - The company’s sales to the U.S. market represent only 2.55% of total revenue, indicating limited exposure to potential tariff impacts [20][22] Group 4: Technological Innovation - The company has focused on developing high-performance, multifunctional, and eco-friendly products, which has allowed it to maintain a competitive edge [8][9] - Recent advancements include the introduction of over 30 new materials, such as water-based and solvent-free products, which have increased their market appeal [9][12]

Group 1: Strategic Partnerships - In January 2025, the company upgraded to a strategic partner of Nike, with a positive outlook for product development and project collaboration, aiming for mid-to-high growth in 2025 [1] - The company is in the product development and validation phase with Adidas, with some orders expected to be mass-produced by late March 2025, targeting good sales performance for the year [1] Group 2: Customer Dynamics - The company’s top five customers are experiencing dynamic changes, indicating a diversified customer base and reduced reliance on a single major client [2] - The entry threshold for the top five and top twenty customers has steadily increased, reflecting an upgrade in customer quality and potential revenue growth from emerging clients [2] Group 3: Automotive Interior Growth - The automotive interior segment is expected to show high growth in 2024 due to a low sales base, with an increase in service to more automotive brands and projects [2] - The company plans to enhance sales channels and strengthen sales capabilities to capitalize on this growth [2] Group 4: Profitability and Margins - The company’s gross margin reached 26.81% in Q1 2025, indicating a return to normal operating conditions after previous fluctuations [4] - The company focuses on achieving the best profits rather than merely the highest gross margins, emphasizing sustainable high-quality development [4] Group 5: Environmental Responsibility - The company adheres to an "environmental first, green development" philosophy, investing over 200 million yuan in advanced environmental technologies and equipment to reduce emissions [5] - It has been recognized as a "National Green Factory" and has consistently passed international environmental certifications [5] Group 6: Product Innovations - Water-based, solvent-free products have been successfully applied in various sectors, contributing over 20% to revenue, with higher prices and margins compared to conventional products [6] - The company is advancing the construction of two remaining production lines in Vietnam, aiming for trial production in the second half of 2025 [6] Group 7: Operational Outlook - The company reports stable order conditions and orderly production operations, with limited impact from tariffs, maintaining a positive outlook for future development [6]

Investment Rating - The investment rating for the company is "Accumulate" with a target price of 23.40 [2][11]. Core Insights - The company has achieved continuous revenue growth through customer and product upgrades, with a 9.43% year-on-year increase in the average selling price of its main products in Q1 2025 [3][11]. - The company is expected to maintain a positive growth trajectory in various sectors, including functional footwear materials, automotive interiors, and electronic products, with projected EPS for 2025-2027 being 1.17, 1.48, and 1.75 yuan respectively [11]. - The gross margin has returned to a normal operating range of 26.81% in Q1 2025, reflecting improved pricing power and competitive strength [11]. Financial Summary - The company reported a revenue of 555 million yuan in Q1 2025, representing a 2.59% year-on-year growth, and a net profit attributable to shareholders of 46.42 million yuan, up 12.47% year-on-year [11]. - The total market capitalization is 3,324 million yuan, with a total share capital of 217 million shares [4]. - The company’s net asset per share is 6.80 yuan, with a current price-to-book ratio of 2.3 [5]. Financial Forecast - The projected revenue for 2025 is 2,718 million yuan, with a net profit of 253 million yuan, indicating a growth rate of 13.1% and 30.5% respectively compared to 2024 [10][12]. - The company’s return on equity (ROE) is expected to improve from 13.6% in 2024 to 17.9% in 2027 [10][12]. - The price-to-earnings ratio (P/E) is projected to decrease from 17.12 in 2024 to 8.73 in 2027, indicating an attractive valuation over time [10][12].

近日，安徽省委、省政府召开全省科技创新大会，会上通报了 2023 年度安徽省科 学技术奖获奖名单，安徽安利材料科技股份有限公司（以下简称"安利股份"或"公司"） "水性/无溶剂聚氨酯复合材料关键技术及产业化"项目荣获安徽省科技进步一等奖。 此次全省共评定科学技术奖 259 项，其中科技进步一等奖 32 项。 安徽省科学技术奖分为重大科技成就、自然科学、科技进步、科技合作和技术发明 五类，其中安徽省科技进步奖围绕项目的创新性、应用效益和经济社会价值，以科技创 新质量、贡献为导向开展评价。 安利股份此次获奖的"水性/无溶剂聚氨酯复合材料关键技术及产业化"项目，由 公司与安徽大学、合肥工业大学联合攻关，项目攻克了多项全球行业共性关键技术瓶颈 难题，获评国家工信部首批"全国先进适用技术"，获国际发明专利授权 1 项，利用该 技术制得的产品绿色环保、高性能、多功能，产业化过程低碳、高效。项目技术对促进 行业技术进步，引领下游和行业绿色发展、低碳发展，满足人们绿色消费、品质消费具 有重要意义。 作为"全国制造业单项冠军示范企业"，安利股份坚持科技创新赋能企业高质量发 展，公司是"国家重点高新技术企业""国家认定企业技术中 ...

Core Viewpoint - Amway Co., Ltd. has demonstrated significant growth in revenue and net profit for 2024, yet its market valuation remains low, raising concerns among shareholders about the company's perceived value in the market [3][10][12]. Financial Performance - In 2024, Amway achieved a revenue of 2.403 billion yuan, representing a year-on-year increase of 20.12% [3]. - The net profit attributable to shareholders reached 194 million yuan, marking a substantial year-on-year growth of 174.19% [3][6]. - The company's revenue and profit levels rank in the top 20% and top 12% respectively among A-share private manufacturing companies [11]. Market Valuation Concerns - Despite strong financial performance, Amway's market capitalization is approximately 3.057 billion yuan, leading to questions about its low valuation [3][10]. - A comparison with other companies in the polyurethane industry reveals that Amway's price-to-earnings ratio is around 15 times, significantly lower than peers like Meirui New Materials and Hongbaoli, which have much higher valuations [10][12]. International Operations - Amway Vietnam, an important overseas subsidiary, is expected to play a crucial role in future revenue growth, having become a supplier for major brands like Adidas and Nike [6][7]. - However, Amway Vietnam is currently operating at a loss due to long certification cycles and high initial investments, with cumulative losses reaching 50.3744 million yuan by the end of 2024 [6][7]. Future Outlook - The company aims to achieve breakeven for Amway Vietnam in the near term, with plans to complete the installation of additional production lines by mid-2025, which will enhance production capacity [7]. - The management believes that the impact of U.S. tariffs on the company is limited, as only a small percentage of revenue is derived from direct exports to the U.S. [10][13].