特别提示： 1.本次股东大会无出现否决议案的情形。 2.本次股东大会无涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 1、会议召开日期和时间： 证券代码：300415 证券简称：伊之密 公告编号：2025-045 伊之密股份有限公司 关于 2024 年度股东大会决议公告 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。 3、召开方式：现场投票和网络投票相结合 4、会议召集人：伊之密股份有限公司董事会 5、会议主持人：董事长甄荣辉先生 6、会议出席情况： （1）股东出席的总体情况： 通过现场和网络投票的股东 231 人，代表股份 191,629,057 股，占公司有表 决权股份总数的 41.6958％。（"公司有表决权股份总数"即公司总股本扣除股权登 记日回购专用账户的持股数量，下同） 其中：通过现场投票的股东 8 人，代表股份 177,050,726 股，占公司有表决 权股份总数的 38.5237％。 通过网络投票的股东 223 人，代表股份 14,578,331 股，占公司有表决权股份 总数的 3.1720％。 现场会议时间：2025 年 5 月 ...

Core Viewpoint - The A-share market shows positive momentum with the Shanghai Composite Index closing above the annual line, indicating a slight increase of 0.23% and a total trading volume of 1,076.285 billion yuan [1]. Group 1: Market Performance - As of 13:59 today, the Shanghai Composite Index stands at 3,377.11 points, reflecting a year-to-date performance above the annual line [1]. - A total of 49 A-shares have surpassed the annual line today, with notable stocks showing significant deviation rates [1]. Group 2: Notable Stocks - The stocks with the largest deviation rates include: - Baoxin Technology (002514) with a deviation rate of 5.49% and a daily increase of 9.93% [1]. - ST Zhongzhu (600568) with a deviation rate of 4.76% and a daily increase of 5.22% [1]. - King Med (603882) with a deviation rate of 4.28% and a daily increase of 4.42% [1]. - Other stocks that have just crossed the annual line include: - Duofu Du (002506) with a deviation rate of 4.02% and a daily increase of 9.95% [1]. - Shapais (300791) with a deviation rate of 4.16% and a daily increase of 4.67% [1]. Group 3: Trading Data - The total trading volume for A-shares today reached 1,076.285 billion yuan, indicating active market participation [1]. - The stocks listed show varying turnover rates, with some stocks like Baoxin Technology and ST Zhongzhu having turnover rates of 9.92% and 1.36% respectively [1].

伊之密股份有限公司（以下简称"公司"）于 2025 年 4 月 21 日召开第五届董 事会第九次会议，审议通过了《关于回购公司股份方案的议案》，拟使用自有资 金以采用集中竞价交易方式回购公司无限售条件的 A 股流通股（以下简称"本次 回购"），用于实施股权激励或员工持股计划。本次用于回购股份的资金总额不 低人民币 1,500 万元（含本数）且不超过人民币 2,500 万元（含本数），本次回 购价格不超过人民币 28 元/股。本次回购股份的实施期限为自公司董事会审议通 过之日起不超过 12 个月内。具体内容详见公司于 2025 年 4 月 23 日在巨潮资讯 网披露的《关于回购公司股份方案的公告暨回购股份报告书》（公告编号：2025- 037）。 伊之密股份有限公司 根据《深圳证券交易所上市公司自律监管指引第 9 号—回购股份》等相关规 定，在每个月的前三个交易日内披露截至上月末的回购进展情况。现将公司截至 2025 年 4 月 30 日实施回购公司股份的进展情况公告如下： 关于回购公司股份的进展公告 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。 证券代码：3 ...

证券代码：300415 证券简称：伊之密 公告编号：2025-043 伊之密股份有限公司 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。 伊之密股份有限公司（以下简称"公司"）于 2025 年 4 月 21 日召开第五届董 事会第九次会议，审议通过了《关于回购公司股份方案的议案》，拟使用自有资 金以采用集中竞价交易方式回购公司无限售条件的 A 股流通股（以下简称"本次 回购"），用于实施股权激励或员工持股计划。本次用于回购股份的资金总额不 低人民币 1,500 万元（含本数）且不超过人民币 2,500 万元（含本数），本次回 购价格不超过人民币 28 元/股。按本次回购资金总额上限人民币 2,500 万元及回 购股份价格上限 28 元/股进行测算，预计可回购股份数量约为 89.29 万股，占公 司当前总股本的 0.19%；按照回购资金总额下限人民币 1,500 万元及回购股份价 格上限 28 元/股进行测算，预计可回购股份数量约为 53.57 万股，占公司当前总 股本的 0.11%；如实际回购股份的价格变化，回购股份的数量将随之变化，具体 回购股份的金额以回购 ...

Core Viewpoint - The company reported strong financial performance for 2024 and Q1 2025, indicating robust growth across various sectors despite industry challenges [1][2]. Financial Performance - In 2024, the company achieved revenue of 5.063 billion yuan, a year-on-year increase of 23.61%, and a net profit attributable to shareholders of 608 million yuan, up 27.42% [1]. - For Q1 2025, revenue reached 1.187 billion yuan, reflecting a 24.32% year-on-year growth, with a net profit of 132 million yuan, an increase of 14.29% [1][2]. Growth Drivers - The company’s revenue growth in 2024 was driven by strong performance in multiple downstream sectors, including automotive (17%), 3C (64%), home appliances (28%), daily necessities (57%), and medical (78%) [2]. - Domestic revenue was 3.668 billion yuan, up 22.22%, while overseas revenue reached 1.395 billion yuan, increasing by 27.45% [2]. Profitability Analysis - The gross margin for 2024 was 31.95%, a decrease of 1.3 percentage points, while the net margin was 12.41%, an increase of 0.41 percentage points [3]. - In Q1 2025, the gross margin was 30.64%, down 4.16 percentage points, and the net margin was 11.52%, a decline of 0.85 percentage points [3]. Industry Trends - The injection molding and die-casting sectors are experiencing a cyclical recovery, with the company enhancing operational efficiency and market share despite overall industry challenges [4]. - The company launched the SKIII series of injection molding machines and the new A6 series, aimed at driving innovation and sustainability in the industry [4]. Strategic Developments - The company has made significant advancements in heavy die-casting machines, successfully developing and delivering models for major automotive manufacturers, which strengthens its position in the market [5]. - The successful delivery of the LEAP 7000T die-casting machine to Changan Automobile marks a significant milestone in the company's capabilities in the metal forming sector [5]. Future Outlook - The company is expected to maintain high growth in 2025-2027, with projected net profits of 735 million yuan, 854 million yuan, and 980 million yuan for the respective years [5].

事件描述 公司发布24 年报及25 年一季报，2024 年公司实现营收50.63 亿元，同比+23.61%；归母净利润6.08 亿 元，同比+27.42%；扣非归母净利润5.92 亿元，同比+29.85%。其中24Q4 营收13.90 亿元，同比 +20.21%；归母净利润1.27 亿元，同比+13.49%；扣非归母净利润1.24 亿元，同比+10.93%。 25Q1 营收11.87 亿元，同比+24.32%；归母净利润1.32 亿元，同比+14.29%；扣非归母净利润1.26 亿 元，同比+13.57%。 事件评论 携手库卡展出智能机器人+注塑生产线方案，布局智能制造。公司与库卡合作，依托智能开模技术与机 器人精准取件的无缝配合，在库卡开放日现场展示了注塑成型的高效稳定生产过程，不仅提升了生产效 率，更实现了零缺陷生产，为制造业智能化树立了新标杆。 回购股份拟用于股权激励或员工持股计划，彰显公司发展信心。25 年4 月8 日，公司控股股东提议以集 中竞价交易方式回购公司股份，回购金额不低于1500 万元且不超过2500万元，回购股权全部用于股权 激励计划或实施员工持股计划，彰显公司发展信心。 维持"买入"评 ...

Core Viewpoint - The company, Yizhim, has reported strong performance in 2024, driven by increased demand in downstream industries such as automotive, home appliances, 3C electronics, and daily necessities, with a significant rise in revenue and net profit [2][3]. Financial Performance - In 2024, Yizhim achieved operating revenue of 5.063 billion yuan, a year-on-year increase of 23.61% - The net profit attributable to shareholders reached 608 million yuan, reflecting a year-on-year growth of 27.42% - For Q1 2024, the company reported operating revenue of 1.187 billion yuan, up 24.32% year-on-year, and a net profit of 132 million yuan, an increase of 14.29% [2]. Industry Demand and Trends - The automotive sector is the largest contributor to the company's downstream demand, with strong performance in the domestic new energy vehicle market - The home appliance industry is experiencing a positive start due to policy support, particularly the "old-for-new" policy that stimulates consumer demand - The 3C electronics sector is also maintaining steady growth amid global economic recovery and increasing consumer demand for smart devices [3]. Product Innovation and Capacity Expansion - Yizhim has made significant advancements in capacity construction and product innovation, transitioning towards an Industry 4.0 manufacturing model - New product launches include the NEXT2 two-plate die-casting machine, A6 high-end intelligent injection molding machine, and A3 series rubber injection molding machine - Key projects such as the UN2400D1M MultiPro seven-material injection molding machine and 3200T semi-solid magnesium alloy injection molding machine have been successfully delivered, supporting the development of new energy vehicles [3][4]. Market Opportunities - The demand for magnesium alloy lightweight components is growing in line with the trend towards lightweight development in new energy vehicles - The semi-solid magnesium alloy injection molding machine combines die-casting and injection molding processes, primarily used for producing large key components for new energy vehicles - The company's early technological investments in this area are expected to yield performance results as the demand for lightweight solutions increases [4]. Industry Outlook - The molding equipment industry in China is accelerating its development, with companies enhancing their competitiveness through technological upgrades and scale improvements - The global market for this industry is vast, and there is a need for continuous innovation and improvement in product quality and service levels [5].

丨证券研究报告丨 公司研究丨点评报告丨伊之密（300415.SZ） [Table_Title] 伊之密：注塑机出口加速，回购彰显公司发展信 心 报告要点 [Table_Summary] 24Q4 营收 13.90 亿元，同比+20.21%；归母净利润 1.27 亿元，同比+13.49%；扣非归母净利 润 1.24 亿元，同比+10.93%。25Q1 营收 11.87 亿元，同比+24.32%；归母净利润 1.32 亿元， 同比+14.29%；扣非归母净利润 1.26 亿元，同比+13.57%。公司业绩增长一方面受益于下游需 求回暖及新兴市场需求释放、中国制造业产能逐步转移等因素，另一方面也受益于公司自身α 增强，新产品持续迭代助推公司市占率提升。在注塑机出海趋势下，持续看好公司全球化渠道 布局和前瞻性产能布局，公司市占率有望持续提升。 分析师及联系人 [Table_Author] 赵智勇 曹小敏 SAC：S0490517110001 SAC：S0490521050001 SFC：BRP550 请阅读最后评级说明和重要声明 %% %% %% %% 伊之密（300415.SZ） cjzqdt11111 [Tabl ...

证券研究报告 | 2025年04月28日 伊之密（300415.SZ） 优于大市 2024 年归母净利润同比增长 27%，持续看好公司发展 2025 年第一季度营业收入同比增长 24.32%，归母净利润同比增长 14.29%。 2024 年全年实现营收 50.63 亿元，同比增长 23.61%，归母净利润 6.08 亿元， 同比增长 27.42%，扣非归母净利润 5.92 亿元，同比增长 29.85%；分季度看， 2024 年第四季度实现营收 13.9 亿元，同比增长 24.32%，归母净利润 1.27 亿元，同比增长 13.49%，扣非归母净利润 1.24 亿元，同比增长 10.93%。利 润增长主要系注塑机行业景气度回暖，同时公司产品竞争力强化所致。2025 年一季度实现 11.87 亿元，同比增长 24.32%，归母净利润 1.33 亿元，同比 增长 14.29%，扣非归母净利润 1.26 亿元，同比增长 13.57%，利润增长主要 系下游汽车、家电、3C 等行业表现较好。 2025 年一季度毛利率小幅下滑，费用率有所节省。2024 年公司毛利率/净利 率分别为 31.95%/12.41%，同比变动-1 ...