证券代码：300592 证券简称： 华凯易佰 公告编号：2024-124 华凯易佰科技股份有限公司 关于出售参股公司股权暨关联交易的公告 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。 特别提示： 1、华凯易佰科技股份有限公司（以下简称"华凯易佰"或"公司"）为集中优 势力量发展核心业务，提高经营质量和效率，拟转让公司持有的深圳市华易鑫达 投资有限公司（以下简称"华易鑫达"或"目标公司"）44%的股权，交易对方为周 子兰女士，交易价格为 350.00 万元。本次交易完成后，公司不再持有华易鑫达 的股权。 2、周子兰女士为公司持股 5%以上股东周新华先生、罗晔女士的女儿，根据 《深圳证券交易所创业板股票上市规则》等相关规定，周子兰女士为公司关联方， 本次交易构成关联交易。 3、本次关联交易已经公司第四届董事会第四次会议审议通过，无需提交股 东大会审议，不构成《上市公司重大资产重组管理办法》规定的重大资产重组。 4、除本公告披露的交易事项外，过去 12 个月内，公司未与同一关联人进行 交易，也未与不同关联人进行交易类别相关的交易。 一、本次关联交易概述 华易鑫达为 ...

证券代码：300592 证券简称：华凯易佰 公告编号：2024-125 华凯易佰科技股份有限公司 关于召开 2024 年第四次临时股东大会通知的公告 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。 华凯易佰科技股份有限公司（以下简称"华凯易佰"或"公司"）于 2024 年 11 月 25 日召开第四届董事会第四次会议，审议通过了《关于提请召开公司 2024 年第四 次临时股东大会的议案》，决定于 2024 年 12 月 11 日下午 14:30 在湖南省长沙市岳 麓区滨江路楷林国际 A 座 1610 公司会议室召开公司 2024 年第四次临时股东大会。本 次股东大会将采取现场投票及网络投票的方式召开，现将本次股东大会的相关事项通 知如下： 一、召开会议的基本情况 1、股东大会届次：2024 年第四次临时股东大会 2、股东大会的召集人：公司第四届董事会 3、会议召开的合法、合规性：本次股东大会的召开符合有关法律、行政法规、 部门规章、规范性文件、深圳证券交易所业务规则和《华凯易佰科技股份有限公司章 程》等相关规定。 4、会议召开的日期、时间 （1）现场会议召开时 ...

证券代码：300592 证券简称：华凯易佰 公告编号：2024-122 华凯易佰科技股份有限公司 第四届监事会第四次会议决议公告 本公司及监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、监事会会议召开情况 华凯易佰科技股份有限公司（以下简称"公司"）第四届监事会第四次会议于 2024 年 11 月 20 日以书面确认、微信及电话等方式通知至各位监事，会议于 2024 年 11 月 25 日以通讯投票表决的方式召开。本次会议由公司监事会主席耿立鹏先 生召集并主持，会议应出席监事人数 3 人，实际出席监事人数 3 人，公司董事会 秘书及证券事务代表列席了会议。本次会议的召开和表决程序符合有关法律、法 规和《华凯易佰科技股份有限公司章程》的有关规定，会议形成的决议合法有效。 二、监事会会议审议情况 本次会议审议并通过如下议案： 三、备查文件 1、审议通过了《关于增加子公司 2024 年度向银行申请授信额度及担保事 项的议案》； 同意公司子公司广东华凯易佰科技有限公司向中国建设银行股份有限公司 中山市分行、交通银行股份有限公司中山分行、中国工商银行股份有限公司中山 分行申 ...

Core Viewpoint - Huakai Yibai (300592.SZ) has reached a significant milestone in governance structure and strategic development with a change in its major shareholder and actual controller, indicating a shift towards a more professional management team in the cross-border e-commerce sector [1][4]. Group 1: Shareholder Changes - The largest shareholder, Luo Ye, transferred part of her shares to Hu Fan Jin and Zhuang Jun Chao, resulting in the company having no controlling shareholder or actual controller [1]. - Following the share transfer, Hu Fan Jin and Zhuang Jun Chao became the largest shareholders with a combined holding of 20.16% [4]. - The management team has undergone significant changes, with Hu Fan Jin taking over as the new chairman and several new board members being appointed [4]. Group 2: Business Transformation - Huakai Yibai transitioned from being primarily involved in space environment art design to focusing on cross-border e-commerce after acquiring Yibai Network in 2019 [2][3]. - The company completed the acquisition of the remaining 10% of Yibai Network in June 2022, making it a wholly-owned subsidiary [3]. - The return of the founding team of Yibai Network is expected to positively impact the long-term development of Huakai Yibai [4]. Group 3: Acquisition of Tongtuo Technology - Huakai Yibai completed the acquisition of Tongtuo Technology for 700 million yuan, which is seen as a strategic move to enhance its influence in the cross-border e-commerce sector [6]. - Despite Tongtuo Technology's current losses, the acquisition price is considered low compared to market averages, suggesting a potential bargain [7]. - The complementary product categories between Huakai Yibai and Tongtuo Technology could lead to increased operational efficiency and sales growth [8].

Investment Rating - The investment rating for the company is "Buy" and is maintained [7]. Core Insights - In Q3 2024, the company's revenue reached 2.6 billion yuan, representing a year-on-year growth of 48%, while the net profit attributable to the parent company was 55 million yuan, a year-on-year decline of 40% [4][5]. - The revenue growth was primarily driven by the acquisition of Tongtuo Technology, which contributed 677 million yuan in revenue and turned profitable since its consolidation in July 2024. Additionally, the company actively expanded into new channels, achieving significant revenue growth from platforms like Temu, TikTok, and Walmart [4][6]. - The company's gross margin decreased by 4.1 percentage points year-on-year due to higher costs associated with the acquisition and increased promotional expenses related to new platforms [5][6]. - The new channels are expected to become a new growth driver for the company, with significant revenue contributions from Temu (91.58 million yuan), TikTok (109.27 million yuan), and Walmart (100.74 million yuan) in Q1-Q3 2024 [6][5]. - The company forecasts net profits attributable to the parent company of 350 million yuan, 530 million yuan, and 630 million yuan for 2024, 2025, and 2026, respectively [6]. Summary by Sections Revenue Performance - In Q3 2024, the company achieved a revenue of 2.6 billion yuan, a 48% increase year-on-year, driven by the acquisition of Tongtuo Technology and the expansion into new channels [4][5]. Profitability Analysis - The net profit for Q3 2024 was 55 million yuan, down 40% year-on-year, attributed to the costs associated with new channel development and acquisition-related expenses [5][6]. Future Outlook - The company is expected to see significant growth from new channels, with projected net profits increasing over the next three years, indicating a positive long-term outlook [6].

Investment Rating - The report maintains an "Accumulate" rating for the company [5][10]. Core Insights - The company has shown steady growth in its main business, driven by digital empowerment in cross-border e-commerce [7]. - The integration of Tongtuo Technology has contributed to revenue growth, although short-term profits are under pressure due to increased costs associated with the integration and new platform expansions [8][9]. - The company is actively expanding into popular overseas e-commerce platforms such as Temu, TikTok, and Walmart, with significant revenue contributions from these channels [9]. Financial Performance Summary - For the fiscal year 2023, the company reported a revenue of 6,518 million yuan, with a year-on-year growth of 47.6% [6]. - The projected revenues for 2024, 2025, and 2026 are 9,040 million yuan, 11,047 million yuan, and 13,550 million yuan, respectively, with expected growth rates of 38.7%, 22.2%, and 22.7% [6][10]. - The net profit attributable to the parent company for 2023 is 332 million yuan, with a projected decline of 0.8% in 2024, followed by growth of 30.7% and 40.5% in 2025 and 2026, respectively [6][10]. - The gross profit margin is expected to stabilize around 35% in the coming years, with a return on equity (ROE) projected to increase from 12.8% in 2024 to 18.4% in 2026 [6][10].

证券代码：300592 证券简称：华凯易佰 公告编号：2024-120 华凯易佰科技股份有限公司 关于股东协议转让股份过户完成暨公司控制权发生变更的公告 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。 华凯易佰科技股份有限公司（以下简称"公司"）于 2024 年 11 月 14 日收到 罗晔女士、胡范金先生、庄俊超先生的通知，罗晔女士通过协议转让方式向胡 范金先生转让其持有的公司 23,286,559 股股份（占公司全部已发行股份总数的 5.75%）、向庄俊超先生转让其持有的公司 23,935,420 股股份（占公司全部已发 行股份总数的 5.91%）事宜已在中国证券登记结算有限责任公司深圳分公司办 理完成过户登记手续，并取得了《证券过户登记确认书》。同时，公司控股股东、 实际控制人由周新华先生变更为无控股股东、无实际控制人，具体情况如下： 一、本次协议转让基本情况 2024 年 9 月 25 日，罗晔女士与胡范金先生、庄俊超先生分别签署《关于华 凯易佰科技股份有限公司之股份转让协议》（以下简称"《股份转让协议》"）， 约定罗晔女士将其所持有的公司 23,28 ...

Investment Rating - The report maintains a "Recommended" rating for the company with a target price of 15.8 CNY per share [1][2]. Core Insights - The company achieved a revenue of 6.12 billion CNY in the first three quarters of 2024, representing a year-on-year growth of 28.8%. However, the net profit attributable to shareholders decreased by 36.7% to 190 million CNY [1]. - In Q3 alone, the company reported a revenue of 2.6 billion CNY, a significant increase of 47.7% year-on-year, but the net profit fell by 40.0% to 50 million CNY [1]. - The acquisition of Tongtuo Technology has been successfully integrated, contributing positively to the overall revenue and profit of the group [2]. - The company is actively expanding into new e-commerce platforms such as Temu and TikTok, generating revenues of 92 million CNY and 109 million CNY respectively in Q3 [2]. Financial Performance Summary - The gross margin for Q3 was 33.0%, down 4.1 percentage points year-on-year. The sales expense ratio increased to 24.7%, up 1.6 percentage points, while the management expense ratio decreased to 4.9% [2]. - The company’s inventory increased by 139.1% compared to the beginning of the year, leading to higher storage and rental costs [2]. - The forecast for net profit attributable to shareholders for 2024-2026 has been revised down to 340 million CNY, 430 million CNY, and 520 million CNY respectively [2]. - The company’s total revenue is projected to grow from 6.518 billion CNY in 2023 to 9.044 billion CNY in 2024, reflecting a growth rate of 38.8% [3].

西部证券股份有限公司 关于 华凯易佰科技股份有限公司 详式权益变动报告书 之 2024 年第三季度持续督导意见 财务顾问 二〇二四年十一月 财务顾问声明 本持续督导意见根据上市公司公开披露的相关材料编制，相关方已向本财 务顾问承诺，其所提供的为出具本报告所依据的所有文件和材料真实、准确、 完整、及时，不存在重大遗漏、虚假记载或误导性陈述，并对其真实性、准确 性、完整性和及时性负责。 1 本财务顾问特别提醒投资者注意，本持续督导意见不构成对上市公司的任 何投资建议；投资者根据本持续督导意见所做出的任何投资决策而产生的相应 风险，本财务顾问不承担任何责任。 本财务顾问未委托或授权其他任何机构或个人提供未在本持续督导意见中 列载的信息和对本持续督导意见做任何解释或者说明，同时本财务顾问提请投 资者认真阅读上市公司发布的 2024 年第三季度报告及其他信息披露文件。 2 | | | | 财务顾问声明 1 | | --- | | 目 录 3 | | 释 义 4 | | 一、上市公司权益变动情况及标的股份过户情况 5 | | 二、信息披露义务人及上市公司依法规范运作情况 7 | | 三、信息披露义务人及其一致行动人履行公 ...