Group 1 - The company held its 2024 annual performance briefing on April 17, featuring key executives and an interactive Q&A session with investors [1] - The company emphasizes brand leadership and innovation as growth drivers, focusing on key clients, TPU materials, and the new energy vehicle sector for future growth [2] - The company is actively collaborating with Nike, which is seen as a significant growth opportunity in the functional footwear materials sector [2] Group 2 - TPU polyurethane composite materials are identified as a new growth driver, with applications in functional footwear, electronics, and bags, and the company aims to increase its market share in this area [2] - The rapid development of new energy vehicles is creating a demand for eco-friendly interior materials, providing opportunities for polyurethane synthetic leather and composite materials to replace traditional materials [2][3] - Established in 1994, the company is the largest producer of ecological functional polyurethane composite materials in China and has a diverse client base including major international brands [3]

Core Viewpoint - The company aims to enhance its production capacity and solidify its position as a leading manufacturer of ecological functional polyurethane synthetic leather and composite materials, with a strategic focus on quality and brand development [1][2]. Group 1: Strategic Planning - The company adheres to a development strategy characterized by "professionalism, specialization, branding, and scaling," focusing on polyurethane synthetic leather and composite materials [1]. - The core values include "market orientation, agile efficiency, continuous innovation, pursuit of excellence, and team success," aiming to create high-quality development and value for global consumers [1]. - The vision is to become a globally competitive and influential enterprise, striving to be the best in the polyurethane composite materials industry [1]. Group 2: Production Capacity and Market Position - The company plans to achieve an annual production capacity of approximately 100 million meters of ecological functional polyurethane synthetic leather and composite materials over the next two years [2]. - The production capacity expansion is a gradual process influenced by macroeconomic conditions, customer collaborations, market fluctuations, and industry competition, indicating some uncertainty [2]. - Established in 1994, the company is the largest manufacturer of ecological functional polyurethane synthetic leather and composite materials in China, recognized as a "national manufacturing single champion demonstration enterprise" [2]. Group 3: Product Applications and Clientele - The company's products are widely used in various sectors, including functional footwear, home furnishings, electronics, automotive interiors, sports equipment, engineering decoration, and bags [2]. - The company has a diverse clientele, including renowned brands such as Apple, Nike, Adidas, Puma, and IKEA, among others [2]. - The company is actively expanding into international markets, with its Vietnam factory entering the commissioning phase at the end of Q4 2022 [2].

资料显示，安利股份成立于1994年，主要生产经营生态功能性聚氨酯复合材料，是目前全国专业研发生 产生态功能性聚氨酯合成革和复合材料最大的企业，连续多年蝉联"中国轻工业塑料行业十强企业"，是 国家工信部认定的"全国制造业单项冠军示范企业"，于2011年5月18日在深交所创业板公开上市。 公司主营产品广泛应用于功能鞋材、沙发家居、电子产品、汽车内饰、体育装备、工程装饰、手袋箱包 等领域，拥有苹果、耐克、阿迪达斯、彪马、亚瑟士、迪卡依、安踏、李宁、特步、宜家、爱室丽、芝 华仕、丰田、比亚迪（002594）、长城、小鹏、H&M、ZARA等众多国内外优质品牌客户。同时，安 利股份积极布局海外市场，安利越南工厂于2022年四季度末，进入调试投产阶段。 在互动问答环节，有投资者提问称，安利股份在越南的产能占营收比例大概有多少？安利股份的产品是 否已应用于电动车高端车型上？ 安利股份董事长兼总经理姚和平回复称，安利越南规划产能在安利股份规划产能占比18%。安利股份产 品已用于仰望、腾势、问界、尊界等新能源汽车高端车型。 4月17日下午，安利股份（300218）2024年度业绩说明会在全景网圆满举行。安利股份董事长、总经理 姚 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company is expected to achieve significant growth in 2024, with a projected revenue of 2.403 billion yuan, representing a year-on-year increase of 20.12%. The net profit attributable to shareholders is forecasted to reach 194 million yuan, a substantial increase of 174.19% year-on-year [4][5] - The company is positioned as a leader in the PU leather industry and is anticipated to benefit from increased market share with major footwear clients, as well as growing demand from new sectors such as electric vehicles and electronics [4][6] Financial Summary - In 2024, the company achieved a revenue of 2.403 billion yuan, up 20.12% year-on-year, and a net profit of 194 million yuan, up 174.19% year-on-year. The fourth quarter revenue was 601 million yuan, reflecting a year-on-year increase of 5.62% [4][5] - The company’s PU leather sales volume reached 66.9 million meters in 2024, a year-on-year increase of 9.42%, with an average selling price of 35.3 yuan per meter, up 9.85% year-on-year [5] - The company’s R&D investment for 2024 was 138 million yuan, accounting for 5.73% of revenue, indicating a commitment to product innovation [5] Future Earnings Forecast - The company’s projected net profits for 2025, 2026, and 2027 are 276 million yuan, 347 million yuan, and 407 million yuan, respectively, with corresponding EPS of 1.27 yuan, 1.60 yuan, and 1.88 yuan [4][8] - The current stock price corresponds to a PE ratio of 10.8 for 2025, 8.6 for 2026, and 7.3 for 2027, suggesting potential for price appreciation [4][8]

近期安利股份(300218)发布2024年年报，证券之星财报模型分析如下： 经营概况 安利股份(300218)发布的2024年年报显示，公司营业总收入达到24.03亿元，同比上升20.12%；归母净利 润为1.94亿元，同比大幅上升174.19%；扣非净利润为1.92亿元，同比上升159.60%。第四季度营业总收 入为6.01亿元，同比上升5.62%；归母净利润为4392.85万元，同比上升50.47%。 主要财务指标 盈利能力 积极方面 需关注的问题 毛利率：24.11%，同比增加15.6%。 净利率：8.1%，同比增加140.75%。 每股收益：0.91元，同比增加162.26%。 销售费用、管理费用、财务费用总计2.03亿元，三费占营收比为8.45%，同比下降8.25%。 财务费用变动幅度为-85.84%，主要原因是报告期内汇率波动，公司加强外汇管理，汇兑收益较上 年同期增加。 货币资金：6.3亿元，同比增加41.03%。 应收账款：3.7亿元，同比增加36.46%。 有息负债：3.84亿元，同比增加112.66%。 每股经营性现金流：1.34元，同比减少4.17%。 经营活动产生的现金流量净额：29, ...

| 项目 | 2023年年报 | 2024年年报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 20亿 | 24.03亿 | 20.12% | | 归母净利润(元) | 7082.38万 | 1.94亿 | 174.19% | | 扣非净利润(元) | 7406.06万 | 1.92亿 | 159.60% | | 货币资金(元) | 4.47亿 | 6.3亿 | 41.03% | | 应收账款(元) | 2.71亿 | 3.7亿 | 36.46% | | 有息负债 (元) | 1.81亿 | 3.84Z | 112.66% | | 毛利率 | 20.86% | 24.11% | 15.60% | | 净利率 | 3.37% | 8.10% | 140.75% | | 三费占营收比 | 9.21% | 8.45% | -8.25% | | 每股净资产 (元) | 5.84 | 6.58 | 12.74% | | 每股收益(元) | 0.35 | 0.91 | 162.26% | | 每股经营性现金流(元) | 1.4 | 1.34 | -4.17% | 据证券之 ...

Financial Performance - The estimated net profit attributable to shareholders for Q1 2025 is projected to be between 44 million and 48 million CNY, representing a year-on-year growth of 6.61% to 16.30% compared to 41.27 million CNY in the same period last year [3]. - The estimated net profit after deducting non-recurring gains and losses is expected to be between 42 million and 46 million CNY, reflecting a year-on-year increase of 11.06% to 21.63% from 37.82 million CNY in the previous year [3]. Revenue and Pricing - Main product revenue increased by approximately 2.92% year-on-year during the reporting period [5]. - The average selling price of main products rose by about 9.43% year-on-year, contributing to improved profit margins [5]. Government Support - Government subsidies and tax reductions recognized in the current period amounted to approximately 3.62 million CNY, a decrease of 2.87 million CNY compared to the previous year, indicating a further increase in the proportion of operating profit [6].

证券代码：300218 证券简称：安利股份 公告编号：2025-022 安徽安利材料科技股份有限公司 关于入选首批中国消费名品的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 为贯彻实施中办、国办印发的《提振消费专项行动方案》，国家工信部主导首批"中 国消费名品"的评选，旨在打造代表中国品质的消费名品方阵，并向全球市场推介具有 国际竞争力的优质品牌，其目的是为鼓励地方加强名品企业宣传推广，加大政策支持力 度，加快培育特色优势产业和消费品优质品牌。首批中国消费名品名单中的企业品牌分 为历史经典、时代优品、潮流新锐 3 个类别，其中"时代优品"注重产品竞争力，是新 中国成立以来质量过硬、美誉度高，在人民群众中影响深远的优质品牌。 作为国家工信部认定的"全国制造业单项冠军示范企业"，安利股份在全球行业有 着优秀的品牌影响力，是国家工信部认定"全国工业品牌培育示范企业"，入选"中国出 口质量安全示范企业"，荣获"安徽省政府质量奖"，是安徽省委、省政府表彰的"安徽 省优秀民营企业"，是全球聚氨酯复合材料领导品牌。 此次获得上述荣誉，不会对公司近期生产经营产生重大影 ...

公募基金方面，本期较上一期持股增加的公募基金共计2个，包括国泰睿毅三年持有期混合A、招商中 证2000增强策略ETF，持股增加占比小幅上涨。本期较上一季度持股减少的公募基金共计8个，主要包 括诺安优选回报混合、交银启诚混合A、交银瑞元三年定期开放混合、国泰聚优价值灵活配置混合A、 交银启信混合发起A等，持股减少占比达1.96%。本期较上一季度新披露的公募基金共计72个，主要包 括兴全社会责任混合、国泰聚利价值定期开放灵活配置混合、工银新能源汽车混合A、宏利行业精选混 合A、中欧嘉选混合A等。本期较上一季未再披露的公募基金共计9个，主要包括汇添富中证500指数增 强A、鹏华安锦一年持有期混合A、交银慧选睿信一年持有期混合(FOF)A、交银兴享一年持有期混合 (FOF)A、汇添富添福吉祥混合A等。 2025年4月15日，安利股份(300218.SZ)发布2024年年度报告。截至2025年4月14日，共有92个机构投资 者披露持有安利股份A股股份，合计持股量达1.25亿股，占安利股份总股本的57.50%。其中，前十大机 构投资者包括安徽安利科技投资集团股份有限公司、合肥市工业投资控股有限公司、广发银行股份有限 公司 ...

内部控制审计报告 安徽安利材料科技股份有限公司 容诚审字[2025]230Z0384 号 容诚会计师事务所(特殊普通合伙) 中国·北京 内部控制审计报告 二、注册会计师的责任 我们的责任是在实施审计工作的基础上，对财务报告内部控制的有效性发表 审计意见，并对注意到的非财务报告内部控制的重大缺陷进行披露。 容诚会计师事务所（特殊普通合伙） 总所：北京市西城区阜成门外大街 22 号 1 幢 10 层 1001-1 至 / 1001-26 (100037) TEL:010-6600 1391 FAX:010-6600 1392 E-mail:bj@rsmchina.com.cn https://www.rsm.global/china/ 容诚审字[2025]230Z0384 号 安徽安利材料科技股份有限公司全体股东： 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求，我 们审计了安徽安利材料科技股份有限公司（以下简称"安利股份公司"）2024 年 12 月 31 日的财务报告内部控制的有效性。 一、企业对内部控制的责任 按照《企业内部控制基本规范》、《企业内部控制应用指引》、《企业内部 控制评价指引》 ...