国泰海通证券股份有限公司 关于宁波大叶园林设备股份有限公司 2025 年度持续督导培训情况报告 根据《证券发行上市保荐业务管理办法》《深圳证券交易所上市公司自律监 管指引第 13 号——保荐业务》《深圳证券交易所上市公司自律监管指引第 2 号— —创业板上市公司规范运作》要求，国泰海通证券股份有限公司（以下简称"国 泰海通"）作为宁波大叶园林设备股份有限公司（以下简称"大叶股份"或"公 司"）向不特定对象发行可转换公司债券的保荐机构，对公司进行了 2025 年度持 续督导培训，报告如下： 一、本次培训的基本情况 （一）保荐人：国泰海通证券股份有限公司 （二）培训时间：2025 年 8 月 28 日 （三）培训方式：现场与线上相结合 （四）培训地点：大叶股份会议室 （五）培训人员：郑光炼、赵春奎 （六）培训对象：公司控股股东及实际控制人、董事、监事、高级管理人员、 中层以上管理人员 1 范运作要求的理解与认识。 三、上市公司的配合情况 本次培训前，国泰海通编制了培训材料，并提前要求大叶股份参与培训的相 关人员了解培训相关内容。 二、本次培训的主要内容 本次培训的主要内容为上市公司规范运作、减持规则、上市公司募集 ...

Investment Rating - The report maintains a strong buy recommendation for the industry, highlighting specific companies such as Juxing Technology, QuanFeng Holdings, Jack Technology, and Honghua Digital Science as key investment opportunities [4][9]. Core Insights - The overall revenue growth rate for the sample companies in the first half of 2025 was 15.04%, while the net profit growth rate was 23.34%, indicating that profit growth outpaced revenue growth [3][15]. - The average gross margin for the sample companies in the first half of 2025 was 30.95%, a slight decrease of 0.53 percentage points year-on-year, while the average net margin increased by 0.96 percentage points to 14.15% [3][21]. - Cash flow conditions improved significantly, with operating net cash flow rising from 5.384 billion in the first half of 2024 to 6.978 billion in the first half of 2025 [3][21]. Summary by Sections 1. Overview of Consumer Goods Export Chain Companies - The report analyzes 21 companies in the mechanical industry that primarily serve the C-end consumer market or manufacture products for C-end consumption, with a significant portion of their revenue coming from overseas markets [2][12]. 2. Stock Performance - Stock performance showed significant differentiation, with companies in the garden tools and two-wheeler sectors performing well. Notable performers in Q1 2025 included Jiexing Technology and QuanFeng Holdings, driven by the robotics sector [7][13]. 3. Profit Growth Outpacing Revenue Growth - The report notes that several companies experienced revenue growth exceeding 20%, including Daya Co. with a 132.3% increase in revenue due to seasonal demand and acquisitions [15][16]. 4. Profitability Improvement - Most sample companies demonstrated strong profitability, with net profit margins increasing year-on-year. Companies like Yindu Co. and Honghua Digital Science reported high net margins of 24.3% and 25.47%, respectively [21][22]. 5. Cash Flow Status - The cash flow situation for the sample companies is reported to be good, with a net cash ratio consistently above 1, indicating healthy cash flow management [3][21]. 6. Future Outlook - The report emphasizes the importance of monitoring tariff and interest rate changes, which could catalyze demand in certain sub-industries. The anticipated interest rate cuts in the U.S. are expected to enhance demand elasticity for related products [8][9]. 7. Investment Recommendations - The report suggests focusing on companies with advanced global layouts that are likely to gain market share amid tariff changes. Specific recommendations include Juxing Technology, QuanFeng Holdings, and Jack Technology [8][9].

Group 1 - The company has initiated a strategic integration plan with AL-KO following the completion of the acquisition [1] - The integration involves collaboration in research and development, procurement, production, and sales [1]

证券代码：300879 证券简称：大叶股份 公告编号：2025-060 宁波大叶园林设备股份有限公司 关于新增募集资金专户并签订募集资金四方监管协议的公告 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。 一、募集资金基本情况 经中国证券监督管理委员会《关于同意宁波大叶园林设备股份有限公司向不 特定对象发行可转换公司债券注册的批复》（证监许可〔2023〕44号）同意注册， 公司向不特定对象发行可转换公司债券4,760,312张，每张面值为100元，募集资 金总额为47,603.12万元，扣除各项发行费用（不含增值税）人民币1,191.56万元 后，实际募集资金净额为人民币46,411.56万元。本次发行扣除承销和保荐费用 1,100.00万元后的募集资金为46,503.12万元，已由主承销商海通证券股份有限公 司于2023年7月21日汇入公司募集资金监管账户。上述募集资金到位情况业经天 健会计师事务所（特殊普通合伙）验证，并出具"天健验〔2023〕381号"《验 证报告》。 二、新增募集资金专户的开立情况和监管协议的签订情况 公司于 2025 年 5 月 21 ...

Group 1 - The core viewpoint of the article is that Daye Co., Ltd. has successfully deployed key manufacturing processes and localized supply chains at its factory in Mexico, which is currently in the trial operation phase [1]

Group 1 - The company emphasizes the importance of accounts receivable management and has established an internal control system for effective management of accounts receivable [2]

Core Viewpoint - Daya Co., Ltd. reported significant growth in its financial performance for the first half of 2025, with total revenue reaching 2.551 billion yuan, a year-on-year increase of 132.29%, and net profit attributable to shareholders of 225 million yuan, up 324.9% [1] Financial Performance Summary - Total revenue for 2025 reached 2.551 billion yuan, compared to 1.098 billion yuan in 2024, reflecting a growth of 132.29% [1] - Net profit attributable to shareholders was 225 million yuan, up from 52.9513 million yuan in 2024, marking a 324.9% increase [1] - Gross margin improved to 24.41%, a year-on-year increase of 31.8%, while net margin rose to 8.82%, up 82.92% [1] - Total operating expenses (sales, management, and financial expenses) amounted to 315 million yuan, accounting for 12.34% of revenue, an increase of 27.89% year-on-year [1] - Earnings per share increased to 1.11 yuan, compared to 0.33 yuan in 2024, representing a growth of 236.36% [1] Accounts Receivable and Cash Flow - Accounts receivable rose significantly, with a year-on-year increase of 150.07%, reaching 650 million yuan [1] - Cash flow per share decreased to 2.15 yuan, down 13.96% from the previous year [1] Debt and Financial Health - The company has a healthy cash position, with cash assets reported at 1.321 billion yuan, a 13.20% increase from the previous year [2] - The interest-bearing debt increased to 2.113 billion yuan, a rise of 9.83% [1] - The interest-bearing asset-liability ratio reached 41.42%, indicating a moderate level of debt [3] Business Model and Future Plans - The company's performance is primarily driven by research and marketing efforts, with a focus on innovation in lithium battery and smart garden machinery products [2][4] - Future development will emphasize the integration of artificial intelligence and IoT technologies to enhance product usability and customer satisfaction [4]

Group 1 - The company Deye Co., Ltd. (300879.SZ) reported a revenue of 2.551 billion yuan for the first half of 2025, representing a year-on-year increase of 132.29% [1] - The net profit attributable to shareholders of the listed company was 225 million yuan, showing a year-on-year growth of 324.90% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 208 million yuan, reflecting a year-on-year increase of 291.70% [1] - The basic earnings per share were 1.11 yuan [1]

Core Viewpoint - Daye Co., Ltd. reported significant growth in its half-year financial results for 2025, indicating strong operational performance and profitability [1] Financial Performance - The company achieved operating revenue of 2.551 billion yuan, representing a year-on-year increase of 132.29% [1] - The net profit attributable to shareholders reached 225 million yuan, showing a remarkable year-on-year growth of 324.9% [1] - Basic earnings per share were reported at 1.11 yuan [1]

证券代码：300879 证券简称：大叶股份 公告编号：2025-059 2025 年 8 月 12 日，公司召开第三届董事会第二十八次会议和第三届监事会 第二十次会议审议通过了《关于使用部分闲置募集资金暂时补充流动资金的议 案》，同意公司使用不超过 20,000 万元闲置募集资金暂时补充流动资金，使用 期限自董事会审议通过之日起 12 个月内，到期将及时足额归还至相关募集资金 专户。 为规范公司募集资金管理，保护中小投资者的权益，根据中国证监会《上市 公司募集资金监管规则》《深圳证券交易所创业板股票上市规则》《深圳证券交 易所上市公司自律监管指引 2 号——创业板上市公司规范运作》等有关规定，募 集资金应当存放于经董事会批准设立的专项账户集中管理和使用，公司使用闲置 募集资金临时补充流动资金的，应当通过募集资金专户实施。 根据公司实际情况，为进一步提高资金使用效益，增加股东回报，保护投资 者的利益，公司拟新增设立募集资金专项账户，用于公司闲置募集资金临时补充 流动资金，同时授权董事长或其指派的相关人员办理募集资金专项账户的开立、 宁波大叶园林设备股份有限公司 关于新增募集资金专户并授权签订募集资金监管协议 的 ...