毛利率下行，叠加大额减值拖累，业绩显著承压：24 年公司毛利率为19.9%，同比-2.2pcts，主要系需 求疲软、竞争加剧。期间费用率23.6%，同比+5.3pcts；其中销售/ 管理/ 研发/ 财务费用率分别为 8.8%/6.4%/5.9%/2.6%， 同比+1.6/+2.4/+0.0/+1.3pcts，其中销售费用提升主要系广告宣传费用增加所 致，管理费用提升主要系24 年新设子公司投入运营、抵债资产折旧及处置费用增加所致，财务费用提 升主要系报告期内借款费用化利息增加、存单到期利息收入减少所致。此外，24年信用减值损失4.8亿 元，同比+242.9%。最终销售净利率-22.9%，同比-23.9pcts。24 年经营性净现金流-1.4 亿元，同比-3.3 亿元，主要系以房抵债增加致使收到现金减少。 单Q4 毛利率为8.1%，同比-7.8pcts。期间费用率25.1%，同比+6.1pcts；其中销售/ 管理/ 研发/ 财务费用 率分别为13.4%/4.6%/5.4%/1.8% ， 同比+6.6/-0.4/-0.7/+0.6pcts。加上Q4 信用减值损失4.1 亿元，最终销 售净利率-89.8%，同比-8 ...

Group 1: Financial Performance - In 2024, the company reported a net profit attributable to shareholders of -53,864.83 million yuan, primarily due to a 15.02% decline in revenue and provisions for credit and asset impairment losses [2] - The company made a bad debt provision of 42,953.98 million yuan and recognized an impairment of 15,337.33 million yuan on properties received in debt settlements [2] Group 2: Acquisition Details - The acquired company, Suzhou Jiazhi Color Display Technology Co., Ltd., specializes in new display panels, silicon-based micro-displays, and testing and production solutions for the semiconductor industry [2] - The shareholders of the acquired company committed to achieving net profits of no less than 5,500.00 million yuan, 7,500.00 million yuan, and 11,000.00 million yuan for the years 2025, 2026, and 2027, respectively, totaling 24,000 million yuan [3] Group 3: Corporate Governance Post-Acquisition - After the acquisition, the board of the acquired company will consist of 3 members, with 2 appointed by the acquiring company and 1 by other shareholders; if a worker director is required, the board will expand to 5 members [3] - The acquired company will implement a general manager responsibility system under the board's leadership, ensuring stability in the management team during the profit commitment period [3] - The financial director of the acquired company will be recommended by the acquiring company and appointed by the board, ensuring compliance with the financial management standards of a listed company [3]

证券代码：300715 证券简称：凯伦股份 公告编号:2025-034 江苏凯伦建材股份有限公司 第五届监事会第十四次会议决议公告 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，不存在 虚假记载、误导性陈述或重大遗漏。 经与会监事审议，形成了如下决议： （一）审议通过《公司 2025 年第一季度报告的议案》 经审核，监事会认为董事会编制和审核公司《2025 年第一季度报告》的程 序符合法律、行政法规和中国证监会的规定，报告内容真实、准确、完整地反映 了公司的实际情况，不存在任何虚假记载、误导性陈述或者重大遗漏。 具体内容详见同日刊登于中国证监会指定的创业板信息披露网站巨潮资讯 网（www.cninfo.com.cn）的相关公告。 表决结果：3票同意、0票反对、0票弃权。 三、备查文件 1、《江苏凯伦建材股份有限公司第五届监事会第十四次会议决议》； 特此公告。 江苏凯伦建材股份有限公司 一、监事会会议召开情况 江苏凯伦建材股份有限公司（以下简称"公司"）于 2025 年 4 月 16 日以书 面送达方式发出召开第五届监事会第十四次会议的通知，并于 2025 年 4 月 21 日在公司会议室以现场会议 ...

证券代码：300715 证券简称：凯伦股份 公告编号:2025-033 江苏凯伦建材股份有限公司 第五届董事会第十七次会议决议公告 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，不存在 虚假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 江苏凯伦建材股份有限公司（以下简称"公司"或"本公司"）第五届董事 会第十七次会议于 2025 年 4 月 21 日在公司会议室以现场结合通讯的方式召开， 会议通知以专人送达、电子邮件相结合的方式于 2025 年 4 月 16 日向各位董事发 出，本次会议应参加董事 7 名，实际参加董事 7 名，会议由董事长钱林弟先生主 持，公司监事及高级管理人员列席了会议。本次会议的召开符合《公司法》等有 关法律、法规及《公司章程》的规定。 二、董事会会议审议情况 经与会董事审议，形成了如下决议： 表决结果：同意票 7 票，反对票 0 票，弃权票 0 票。 三、备查文件 1、《江苏凯伦建材股份有限公司第五届董事会第十七次会议决议》。 特此公告。 江苏凯伦建材股份有限公司 董事会 2025 年 4 月 23 日 （一）审议通过《公司 2025 年第一季度报告的议案》 经审议 ...

Financial Performance - The company's revenue for Q1 2025 was ¥465,515,449.98, a decrease of 11.83% compared to ¥528,000,491.36 in the same period last year[5] - Net profit attributable to shareholders was ¥6,619,446.89, down 15.89% from ¥7,870,130.65 year-on-year[5] - The net profit after deducting non-recurring gains and losses increased by 163.60%, reaching ¥6,504,320.24 compared to a loss of ¥10,226,528.69 in the previous year[5] - Total operating revenue for the current period was ¥465,515,449.98, a decrease of 11.85% from ¥528,000,491.36 in the previous period[24] - Net profit for the current period was ¥6,073,969.22, a decline of 31.43% compared to ¥8,887,572.38 in the previous period[25] - The company reported a gross profit margin of approximately 1.3% for the current period, down from 1.7% in the previous period[24] Cash Flow - The net cash flow from operating activities improved significantly, with a net outflow of ¥11,857,467.02, a 95.45% reduction from a net outflow of ¥260,587,566.09 in the previous year[12] - Operating cash flow for the current period was -11,857,467.02 CNY, an improvement from -260,587,566.09 CNY in the previous period[27] - Total cash inflow from operating activities was 612,189,110.74 CNY, while cash outflow was 624,046,577.76 CNY, resulting in a net cash flow from operating activities of -11,857,467.02 CNY[27] - Investment activities generated a net cash flow of 130,906,599.62 CNY, compared to -61,128,098.37 CNY in the previous period[28] - Cash inflow from financing activities was 194,046,249.07 CNY, while cash outflow was 409,739,232.95 CNY, leading to a net cash flow from financing activities of -215,692,983.88 CNY[28] - The ending cash and cash equivalents balance was 205,614,714.18 CNY, down from 302,245,372.18 CNY at the beginning of the period[28] Assets and Liabilities - Total assets decreased by 6.64% to ¥4,739,198,701.80 from ¥5,076,144,221.01 at the end of the previous year[5] - Total liabilities decreased to ¥2,938,566,369.29 from ¥3,289,679,934.43, a decline of 10.66%[22] - The company's equity attributable to shareholders increased slightly to ¥1,790,543,594.54 from ¥1,776,696,727.60, an increase of 0.98%[22] Research and Development - The company's R&D expenses decreased by 37.60% to ¥19,773,792.13 from ¥31,688,326.00 in the previous year, reflecting reduced investment in traditional product development[11] - Research and development expenses were ¥19,773,792.13, a decrease of 37.5% from ¥31,688,326.00 in the previous period[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,352[13] - The controlling shareholder, Karen Holdings, and its associates will transfer a total of 53,634,200 shares, representing 14.4852% of the company's total share capital[17] Acquisition Details - The company plans to acquire 51% of Suzhou Jiazhi Color Optoelectronics Technology Co., Ltd. for a cash payment of RMB 483.1852 million[15] - The acquisition agreement was approved during the board meetings held on April 2, 2025[15] - The equity valuation of Jiazhi Color was assessed as part of the acquisition process, providing a basis for the transaction price[16] - The transaction is classified as a related party transaction due to the involvement of associated parties in the share transfer[17] Inventory and Accounts Receivable - The company reported a significant increase in accounts receivable, which rose by 233.08% to ¥10,127,033.92 from ¥3,040,392.30[9] - Accounts receivable decreased from RMB 1.66 billion to RMB 1.62 billion, a reduction of about 2.2%[20] - Inventory increased from RMB 112.23 million to RMB 125.36 million, reflecting a growth of approximately 11.7%[20] - The total current assets decreased from RMB 2.89 billion to RMB 2.61 billion, a decline of about 10%[20] Audit and Reporting - The company has engaged Tianjian Accounting Firm to audit the financial reports of Jiazhi Color for the years 2022, 2023, and 2024[16] - The first quarter report was not audited, indicating potential areas for further scrutiny in financial reporting[29] Credit Impairment - The company reported a significant increase in credit impairment losses, amounting to ¥6,749,248.08 compared to ¥586,459.38 in the previous period[25]

证券代码：300715 证券简称：凯伦股份 公告编号:2025-032 江苏凯伦建材股份有限公司 2025 年第一季度报告披露的提示性公告 江苏凯伦建材股份有限公司 2025 年第一季度报告已于 2025 年 4 月 23 日在 中国证监会指定的创业板信息披露网站上披露，请投资者注意查阅！ 特此公告。 江苏凯伦建材股份有限公司 董事会 2025 年 4 月 23 日 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，不存在 虚假记载、误导性陈述或重大遗漏。 ...

证券代码：300715 证券简称：凯伦股份 公告编号:2025-027 江苏凯伦建材股份有限公司 关于召开 2024 年年度股东大会的通知 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，不存在 虚假记载、误导性陈述或重大遗漏。 江苏凯伦建材股份有限公司（以下简称"公司"或"本公司"）第五届董事 会第十六次会议审议通过了《关于召开2024年年度股东大会的议案》，决定于2025 年5月13日（星期二）下午14:30召开公司2024年年度股东大会。现就本次股东大 会的相关事项通知如下： 网系统两种投票方式，同一股份只能选择其中一种方式。 6．会议的股权登记日：2025 年 5 月 7 日（星期三） 一、召开会议的基本情况 1．股东大会届次：江苏凯伦建材股份有限公司2024年年度股东大会 2．股东大会的召集人：江苏凯伦建材股份有限公司董事会 3．会议召开的合法、合规性：经公司第五届董事会第十六次会议审议通过， 决定召开2024年年度股东大会，召集程序符合有关法律、行政法规、部门规章、 规范性文件和《公司章程》的规定。 4．会议召开的日期、时间： （1）现场会议召开时间为：2025年5月13日（星期二）下午 ...

一、监事会会议召开情况 江苏凯伦建材股份有限公司（以下简称"公司"）于 2025 年 4 月 06 日以书 面送达方式发出召开第五届监事会第十三次会议的通知，并于 2025 年 4 月 17 日在公司会议室以现场会议方式召开。会议应到监事 3 名，实到监事 3 名,本次 会议由监事会主席胡晓丽女士主持。本次会议符合《中华人民共和国公司法》、 《公司章程》等有关规定，会议合法有效。 二、监事会会议审议情况 经与会监事审议，形成了如下决议： （一）审议通过《2024 年度监事会工作报告》 证券代码：300715 证券简称：凯伦股份 公告编号:2025-017 江苏凯伦建材股份有限公司 第五届监事会第十三次会议决议公告 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，不存在 虚假记载、误导性陈述或重大遗漏。 具体内容详见刊登于中国证监会指定的创业板信息披露网站巨潮资讯网上 的《2024 年度监事会工作报告》。 表决结果：3 票同意、0 票反对、0 票弃权。 本议案尚需提交公司2024年度股东大会审议。 （二）审议通过《2024 年年度报告及摘要的议案》 经审核，监事会认为董事会编制和审核公司 2024 年 ...