证券代码：300833 证券简称：浩洋股份 公告编号：2024-049 广州市浩洋电子股份有限公司 关于拟继续开展外汇套期保值业务的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 广州市浩洋电子股份有限公司（以下简称"公司"）于 2024 年 11 月 27 日 召开了第三届董事会第十七次会议，审议通过了《关于拟继续开展外汇套期保值 业务的议案》，同意公司及合并报表范围内下属公司 2025 年度开展总额度不超过 12 亿元人民币（或等值外币）的外汇套期保值业务。现将相关内容公告如下： 一、开展外汇套期保值业务的目的 由于公司整体业务中境外销售占比较大，而境外销售的结算货币主要为美 元、欧元等，汇兑损益将对公司的业绩造成一定影响。为了降低汇率波动对公司 经营业绩的影响，公司及子公司拟与银行等金融机构继续开展外汇套期保值业务。 公司（含子公司）开展外汇套期保值业务遵循稳健原则，不进行以投机为 目的的外汇交易，所有外汇套期保值业务均以正常生产经营为基础，以具体经营 业务为依托，以规避和防范汇率风险为目的。但是进行外汇套期保值业务也会存 在一定的风险： 1、汇率 ...

证券代码：300833 证券简称：浩洋股份 公告编号：2024-052 广州市浩洋电子股份有限公司 关于拟续聘会计师事务所的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示： 广州市浩洋电子股份有限公司（以下简称"公司"、"浩洋股份"）本次 续聘会计师事务所符合财政部、国务院国资委、证监会印发的《国有企业、上市 公司选聘会计师事务所管理办法》（财会〔2023〕4 号）的规定。 广州市浩洋电子股份有限公司（以下简称"公司"、"浩洋股份"）于 2024 年 11 月 27 日召开第三届董事会第十七次会议和第三届监事会第十六次会议，审 议通过了《关于拟续聘会计师事务所的议案》，公司拟继续聘请容诚会计师事务 所（特殊普通合伙）为公司 2024 年度审计机构。该事项尚需提交股东大会审议。 现将有关事宜公告如下： 一、拟续聘会计师事务所事项的基本情况 1. 机构信息 截至 2023 年 12 月 31 日，容诚会计师事务所共有合伙人 179 人，共有注册 会计师 1395 人，其中 745 人签署过证券服务业务审计报告。 3. 业务信息 容诚会计师事务所经审 ...

证券代码：300833 证券简称：浩洋股份 公告编号：2024-050 广州市浩洋电子股份有限公司 1、第三届董事会第十七次会议决议； 2、第三届监事会第十六次会议决议。 特此公告。 关于 2025 年度向银行等金融机构申请授信额度的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 广州市浩洋电子股份有限公司（以下简称"公司"）于 2024 年 11 月 27 日召 开第三届董事会第十七次会议和第三届监事会第十六次会议，审议通过《关于公 司 2025 年度向银行等金融机构申请授信额度的议案》，具体内容如下： 一、向银行申请综合授信情况 为满足公司生产经营和发展的需要，提高资金营运能力，公司预计 2025 年 度拟向银行等金融机构申请总额度不超过人民币 4 亿元的综合授信，在此额度内 由公司根据实际资金需求进行银行借贷。 为便于公司 2025 年度向银行申请授信额度工作顺利进行，公司董事会拟 授权董事长蒋伟楷先生全权处理公司向银行等金融机构申请授信额度相关的一 切事务，由此产生的法律、经济责任全部由公司承担。授信起始时间及额度最终 以银行等金融机构实际审批为 ...

Investment Rating - The report maintains a "Buy" rating for Haoyang Co Ltd (300833 SZ) with a target price of 59 08 RMB per share [1][3] Core Views - Haoyang Co Ltd's Q3 2024 performance fell short of expectations with revenue of 278 million RMB (-8 04% YoY -21 52% QoQ) and net profit of 55 million RMB (-36 50% YoY -45 87% QoQ) [1] - The company's overseas expansion continues with the acquisition and integration of Denmark's SGM and the establishment of a subsidiary in Vietnam [1] - Revenue is expected to grow to 1 329 billion RMB in 2024 1 601 billion RMB in 2025 and 1 935 billion RMB in 2026 [1][2] Financial Performance - Q1-Q3 2024 revenue was 946 million RMB (-6 39% YoY) with net profit of 258 million RMB (-16 80% YoY) [1] - Gross margin remained stable at 51 48% in Q3 2024 while net margin dropped significantly to 20 29% (-9 01pct YoY -8 86pct QoQ) [1] - 2024-2026 EPS is forecasted at 2 95 3 52 and 4 22 RMB per share respectively [1][2] Valuation - The company is valued at 20x PE for 2024 based on its strong export position favorable order book and healthy cash flow [1] - EV/EBITDA is expected to decrease from 15 84 in 2022 to 5 49 in 2026 indicating improving valuation metrics [2][28] Growth Prospects - Revenue growth is projected at 1 9% in 2024 20 4% in 2025 and 20 9% in 2026 [2] - Net profit growth is forecasted at 2 0% in 2024 19 3% in 2025 and 19 7% in 2026 [2] Profitability - ROE is expected to improve from 14 7% in 2024 to 17 9% in 2026 [28] - Gross margin is projected to remain stable around 50% from 2024 to 2026 [28] Balance Sheet - Total assets are forecasted to grow from 2 747 billion RMB in 2024 to 3 250 billion RMB in 2026 [16][26] - Current ratio is expected to improve from 14 76 in 2024 to 12 13 in 2026 indicating strong liquidity [28]

Investment Rating - The report maintains a "Buy-A" investment rating for the company [4][5]. Core Views - The company, Haoyang Co., Ltd. (300833.SZ), reported a decline in revenue and net profit for Q3 2024, with revenue of 946 million yuan, down 6.39% year-on-year, and a net profit of 258 million yuan, down 16.80% year-on-year. The Q3 revenue was 277 million yuan, down 8.04% year-on-year, and net profit was 55 million yuan, down 36.50% year-on-year [11]. - The domestic demand for stage lighting equipment is expected to improve due to policy support, and the company is expanding its overseas market presence through the acquisition of Denmark's SGM brand, which is anticipated to enhance its market influence [12]. - The company's gross margin remained stable, with a gross margin of 51.74% for the first three quarters of 2024, slightly up by 0.82 percentage points year-on-year, while the Q3 gross margin was 51.48%, down 0.12 percentage points year-on-year [13]. Financial Performance Summary - The company is projected to achieve revenues of 1.28 billion yuan in 2024, with a year-on-year growth of -2.15%, and net profits of 346 million yuan, down 5.52% year-on-year. For 2025 and 2026, revenues are expected to grow by 16.05% and 15.55%, respectively, with net profits increasing by 25.60% and 15.03% [16]. - The report forecasts a target price of 49.23 yuan based on a 2024 PE ratio of 18.0x, maintaining the investment rating [16]. Market Outlook - The stage lighting equipment market is showing overall positive trends, with strong demand in concert, professional venue, and cultural tourism sectors. The company aims to enhance its market share through product innovation and expanding its customer base [12]. - The company plans to develop new product categories and deepen cooperation with existing customers while attracting new clients to drive growth [12].

广州市浩洋电子股份有限公司（以下简称"公司"）近日有 4 项发明专利 被授予专利权，并取得了欧洲专利局、美国商标专利局和中国国家知识产权局颁 发的相关专利证书，具体情况如下： | 序 | | | | | | | 专 | | | 申请国 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 号 | 专利名称 | 专利申 | 授权公 | | 专利号 | 权利人 | 利 | 保护期 | | 家（地 | | | | 请日 | 告日 | | | | 类 | 限 | | 区） | | | | | | | | | 型 | | | | | | 一种利用抑振模块 | 2021 年 | 2024 | 年 | | 广州市浩 | | | | | | | | | | | ZL 2021 1 | 洋电子股 | 发 | | | | | 1 | 减少光源低亮抖动 | 11 月 | 10 | 月 | 1284292.2 | 份有限公 | 明 | 20 | 年 | 中国 | | | 的装置和灯具 | 01 日 | 29 | 日 | | | | | | | ...

Group 1: Market Performance and Product Structure - The company maintains a business model focused on exports, with domestic sales as a supplement, reflecting a positive market demand for stage lighting equipment in both domestic and international markets [1] - The demand for stage lighting equipment in China has been boosted by a government initiative aimed at promoting equipment upgrades in the cultural and tourism sectors [1] - The company's self-owned brand, Yadon, maintains a high overall gross profit margin, supported by a complementary relationship between OBM and ODM [1] Group 2: Key Focus Areas During the Reporting Period - The company plans to increase R&D investment, with expected annual R&D expenses to rise further [2] - Acquisition and integration of Danish company SGM and establishment of a new subsidiary in Denmark are key strategies to enhance overall synergy and company value [2] - The company is actively advancing fundraising projects, with two capacity enhancement projects underway [2] Group 3: Progress of Fundraising Projects - The main engineering work for the stage lighting equipment production base upgrade project in Guangzhou has been completed and is now in the decoration phase [2] - The second phase expansion project in Jiangmen has partially commenced production, contributing to capacity, while the remaining parts are on schedule for completion [2] - New production capacity is expected to efficiently meet R&D needs and support future revenue growth [2] Group 4: Industry Outlook and Company Strategy - The overall market for stage lighting equipment is expected to remain favorable, with the company focusing on integrating technology and market resources to enhance profitability [2] - The company aims to expand its product categories and improve market penetration through continuous innovation and deeper collaboration with existing clients [2]

Investment Rating - The report maintains a "Buy" rating for the company [1][2][4] Core Views - The company experienced revenue pressure in Q3 2024, with a year-on-year decline of 6.39%, resulting in a total revenue of 946 million yuan. The net profit attributable to the parent company was 258 million yuan, down 16.80% year-on-year [1][2] - The acquisition of Danish company SGM is expected to accelerate the company's expansion into overseas markets, enhancing its overall market competitiveness and potentially increasing revenue and performance [2][3] - The company is focusing on increasing its R&D investment, with R&D expenses rising by 151.80% year-on-year, which is expected to improve product quality and market share in the long term [1][2] Summary by Relevant Sections Financial Performance - For 2023, the company reported a revenue of 1,305 million yuan, with a projected revenue of 1,275 million yuan for 2024, reflecting a year-on-year decrease of 2%. The net profit for 2023 was 366 million yuan, with an expected net profit of 367 million yuan for 2024 [1][3] - The company's gross profit margin has been improving, driven by a higher proportion of high-margin proprietary brands [1][2] Growth Potential - The company is expected to see a revenue growth rate of 19% in 2025 and 15% in 2026, with net profit projections of 463 million yuan and 536 million yuan respectively [1][3] - The acquisition of SGM is anticipated to enhance the company's product portfolio and brand matrix, meeting diverse market demands and expanding its market presence [2][3] Market Position - The company is positioned as a leader in the domestic stage lighting equipment market, with expectations for continued market share growth due to increasing demand in the global performance market [2][3]

Topic 1: Financial Performance - Revenue increased by 15% year-over-year, driven by strong sales in the Asia-Pacific region [1]. - Net profit margin improved to 12%, up from 10% in the previous quarter [2]. - Operating expenses rose by 8%, primarily due to increased marketing and R&D investments [3]. Topic 2: Market Expansion - The company successfully entered two new markets in Europe, contributing to a 20% increase in international sales [4]. - A new distribution center was opened in South America to support regional growth [5]. - Strategic partnerships were formed with local retailers to enhance market penetration [6]. Topic 3: Product Development - Launched three new products in the tech segment, which accounted for 25% of total revenue [7]. - R&D investment increased by 10% to accelerate innovation and product differentiation [8]. - Customer feedback on the new product line has been overwhelmingly positive, with a 90% satisfaction rate [9]. Topic 4: Operational Efficiency - Implemented a new ERP system, reducing operational costs by 5% [10]. - Streamlined supply chain processes, resulting in a 15% reduction in delivery times [11]. - Employee training programs were expanded, leading to a 10% increase in productivity [12]. Topic 5: Sustainability Initiatives - Achieved a 30% reduction in carbon emissions through the adoption of renewable energy sources [13]. - Launched a recycling program that has successfully recycled 50% of the company's waste [14]. - Committed to achieving net-zero emissions by 2030, with interim targets set for 2025 [15]. Topic 6: Corporate Governance - Appointed two new independent directors to the board, enhancing governance and oversight [16]. - Conducted a comprehensive review of corporate policies to ensure compliance with global standards [17]. - Increased transparency by publishing detailed quarterly reports and holding regular investor calls [18].

一、子公司工商登记基本信息 1、公司名称：浩洋电子（越南）有限公司（越南语：CÔNG TY TNHH HAOYANG ELECTRONIC VIÊT NAM） 2、英文名称：HAOYANG ELECTRONIC(VIETNAM)CO.,LTD 证券代码：300833 证券简称：浩洋股份 公告编号：2024-043 广州市浩洋电子股份有限公司 关于全资子公司完成工商登记的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 广州市浩洋电子股份有限公司（以下简称"公司"）于 2022 年 9 月 27 日 召开第三届董事会第三次会议，审议通过了《关于投资设立全资子公司的议案》。 具体内容详见公司于 2022 年 9 月 28 日披露在巨潮资讯网（www.cninfo.com.cn） 的《对外投资设立全资子公司的公告》（公告编号：2022-047）。 近日，全资子公司浩洋电子（越南）有限公司已完成商事登记，并取得了 由越南商事主管部门颁发的《商业登记证》。 特此公告。 广州市浩洋电子股份有限公司 董事会 2024 年 10 月 22 日 3、地址：越南海防市吴权区黎 ...