Core Viewpoint - The company reported strong growth in Q1 2025, with significant increases in revenue and net profit, driven by the acquisition of AL-KO and continued operational improvements [1][2]. Financial Performance - Q1 2025 revenue reached 1.518 billion yuan, a year-on-year increase of 138.72% [1] - Net profit attributable to shareholders was 194 million yuan, up 326.94% year-on-year [1] - Non-recurring net profit was 140 million yuan, reflecting a 199.96% increase year-on-year [1] - Gross margin improved to 23.44%, an increase of 5.08 percentage points year-on-year [1] - Net margin reached 12.79%, up 5.64 percentage points year-on-year, with a fair value gain from the acquisition contributing 54 million yuan [1] Operational Insights - The company faced a net operating cash flow of -27 million yuan in Q1 2025, a decline of 237.86% year-on-year, primarily due to increased inventory in response to U.S. tariff fluctuations [2] - Inventory levels rose to 1.077 billion yuan, a year-on-year increase of 12.34%, indicating proactive stockpiling for the spring and summer sales seasons [2] Acquisition Impact - The acquisition of AL-KO is expected to contribute an additional 130 million yuan in performance for the full year 2025, enhancing the company's market presence in Europe and Australia [2] - AL-KO's integration is projected to improve procurement costs and operational efficiencies, with a target net margin increase to 7% in 2025 [2] Investment Outlook - The company is expected to achieve revenues of 4.545 billion yuan, 5.623 billion yuan, and 6.698 billion yuan for 2025-2027, with net profits of 287 million yuan, 393 million yuan, and 500 million yuan respectively [3] - The corresponding price-to-earnings ratios are projected to be 17, 13, and 10 times for the same period [3]

Market Overview - The Shanghai Composite Index closed at 3286.65 points, down 0.05%, with a trading volume of 430.88 billion yuan [1] - The Shenzhen Component Index closed at 9849.80 points, down 0.05%, with a trading volume of 591.24 billion yuan [1] - The ChiNext Index closed at 1931.94 points, down 0.13%, with a trading volume of 270.74 billion yuan [1] - The STAR 50 Index closed at 1003.87 points, up 0.1%, with a trading volume of 18.71 billion yuan [1] - Total trading volume for both markets was 1022.12 billion yuan, a decrease of 34.29 billion yuan from the previous trading day [1] Sector Performance - Strong sectors included beauty care, media, machinery, light industry manufacturing, chemicals, home appliances, jewelry, and computers [3] - Active concepts included PEEK materials, humanoid robots, hub motors, noise reduction, integrated die-casting for automobiles, pet economy, AI, fluorine chemicals, and antibacterial fabrics [3] - Weak sectors included electric power, insurance, oil and petrochemicals, coal, and banking [3] Stock Performance - A total of 3381 stocks rose, while 1588 stocks fell, with 129 stocks remaining flat and 52 stocks suspended [3] - 76 stocks hit the daily limit up, while 62 stocks hit the daily limit down [3] - Liou Co. had the highest limit-up order volume with 118 million shares, followed by other notable stocks [3][4] Fund Flow - The net outflow of main funds from the Shanghai and Shenzhen markets was 2.352 billion yuan [5] - The machinery equipment sector saw the highest net inflow of main funds, amounting to 2.317 billion yuan [6] - A total of 10 sectors experienced net inflows, while 21 sectors saw net outflows [6] Individual Stock Highlights - Liou Co. had the highest net inflow of main funds at 884 million yuan [8] - Other stocks with significant net inflows included Miao Yi Innovation and Sichuan Changhong [8] - 38 stocks experienced net outflows exceeding 1 billion yuan, with Shenghong Technology leading at 390 million yuan [10] Institutional Activity - Institutions had a net selling of approximately 42.47 million yuan, with 13 stocks seeing net purchases [11] - The top net purchase was for Da Ye Co. at approximately 44.54 million yuan [11]

Market Overview - As of April 29, the Shanghai Composite Index closed at 3286.65 points, down by 1.76 points, with a decline of 0.05% [1] - The Shenzhen Component Index closed at 9849.80 points, down by 5.39 points, also a decline of 0.05% [1] - The ChiNext Index closed at 1931.94 points, down by 2.52 points, reflecting a decrease of 0.13% [1] Stock Performance - A total of 66 A-shares had a turnover rate exceeding 20% on this day, with C Zhongjie having a turnover rate of over 50%, indicating significant trading activity [1] - The top stocks by turnover rate included: - C Zhongjie (301560) with a closing price of 41.30 yuan and a turnover rate of 50.65%, increasing by 3.48% [1] - Hongqiang Co. (002809) with a closing price of 13.01 yuan and a turnover rate of 39.31%, rising by 9.97% [1] - Hongbaoli (002165) with a closing price of 12.70 yuan and a turnover rate of 38.87%, increasing by 5.39% [1] - Shaoyang Hydraulic (301079) with a closing price of 28.02 yuan and a turnover rate of 38.25%, up by 4.94% [1] - Hongjing Technology (301396) with a closing price of 81.78 yuan and a turnover rate of 36.97%, rising by 8.00% [1] Additional Notable Stocks - Other notable stocks with high turnover rates included: - Nanfang Road Machinery (603280) with a turnover rate of 36.56%, closing at 23.90 yuan, down by 6.60% [1] - Changhua Chemical (301518) with a turnover rate of 34.68%, closing at 20.60 yuan, down by 1.86% [1] - Fuheng New Materials (832469) with a turnover rate of 34.23%, closing at 16.80 yuan, increasing by 15.07% [1] - Xibang Intelligent (301112) with a turnover rate of 33.77%, closing at 29.87 yuan, up by 13.83% [1] - United Chemical (301209) with a turnover rate of 33.36%, closing at 98.00 yuan, increasing by 18.19% [1]

（原标题：减速器概念涨2.85%，主力资金净流入这些股） 截至4月29日收盘，减速器概念上涨2.85%，位居概念板块涨幅第3，板块内，95股上涨，精进电动、大叶股份等20%涨停，宁波东力涨停，恒工精 密、美湖股份、明阳科技等涨幅居前，分别上涨10.89%、7.63%、7.49%。跌幅居前的有韶能股份、圣龙股份、运机集团等，分别下跌10.06%、 3.29%、1.39%。 今日涨跌幅居前的概念板块 | 概念 | 今日涨跌幅（%） | 概念 | 今日涨跌幅（%） | | --- | --- | --- | --- | | PEEK材料 | | 5.60 超超临界发电 | -1.53 | | 染料 | 3.85 | 抽水蓄能 | -0.87 | | 减速器 | 2.85 | 可控核聚变 | -0.87 | | POE胶膜 | 2.77 | 航运概念 | -0.86 | | 人形机器人 | 2.30 | 青蒿素 | -0.81 | | 噪声防治 | 2.20 | ST板块 | -0.79 | | 碳纤维 | 2.20 | 免税店 | -0.60 | | 汽车拆解概念 | | 2.17 跨境支付(CIPS) | -0. ...

证券代码：300879 证券简称：大叶股份 公告编号：2025-033 宁波大叶园林设备股份有限公司 关于 2025 年一季度计提资产减值准备的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、本次计提减值准备的概述 为真实反映宁波大叶园林设备股份有限公司（以下简称"公司"）的财务状 况、资产价值及经营情况，本着谨慎性原则，根据《企业会计准则》及公司会计 政策的相关规定，公司对合并报表范围内截至 2025 年 03 月 31 日的应收账款、 其他应收款、合同资产、存货、其他权益工具、长期股权投资、固定资产、在建 工程、无形资产、使用权资产、商誉等资产进行了全面清查，对各类资产进行了 充分的评估和分析，对可能发生减值损失的资产计提减值准备。 根据《深圳证劵交易所创业板股票上市规则》等相关法律法规以及《公司章 程》等相关规定，本次计提减值无需提交公司董事会或股东大会审议。 二、本次计提减值准备的范围和总金额 公司 2025 年一季度对相关资产计提资产和信用减值准备总额为 1,136.74 万 元， 详情如下： 单位：万元 | | 资产减值 | 本期发生额 ...

Financial Performance - The company's revenue for Q1 2025 reached ¥1,517,836,301.72, representing a 138.72% increase compared to ¥635,829,510.10 in the same period last year[5] - Net profit attributable to shareholders was ¥194,200,882.88, a significant increase of 326.94% from ¥45,486,573.81 year-on-year[5] - The basic earnings per share rose to ¥0.96, up 242.86% from ¥0.28 in the previous year[5] - The company's net profit for the current period reached CNY 194,200,882.88, a significant increase compared to CNY 45,486,573.81 in the previous period, representing a growth of approximately 327%[27] - Operating profit for the current period was CNY 147,884,839.30, up from CNY 46,041,017.67 in the previous period, indicating a growth of about 221%[27] - Total revenue from operating activities amounted to CNY 1,025,734,139.01, compared to CNY 307,497,327.86 in the previous period, reflecting an increase of approximately 234%[29] - The company reported a total comprehensive income of CNY 205,013,030.69, compared to CNY 45,837,699.17 in the previous period, marking an increase of about 347%[28] - Basic earnings per share for the current period were CNY 0.96, up from CNY 0.28 in the previous period, representing a growth of approximately 243%[28] Assets and Liabilities - Total assets increased by 50.50% to ¥5,009,587,688.86 from ¥3,328,690,092.28 at the end of the previous year[5] - The company's total assets reached ¥5,009,587,688.86, an increase from ¥3,328,690,092.28 at the beginning of the period, representing a growth of approximately 50.4%[24] - The total liabilities of the company reached ¥3,610,183,365.51, compared to ¥2,134,298,799.63 at the beginning of the period, reflecting an increase of about 69.2%[24] - The company’s total liabilities increased significantly, with short-term borrowings rising by 76.68% to ¥713,628,772.16[9] Cash Flow - The company reported a net cash flow from operating activities of -¥26,859,405.53, a decline of 237.86% compared to ¥19,483,121.47 in the same period last year[5] - The net cash flow from operating activities was negative at CNY -26,859,405.53, a decline from a positive CNY 19,483,121.47 in the previous period[29] - Investment activities generated a net cash flow of -¥13,834,896.40 in Q1 2025, an improvement of 79.84% compared to -¥68,614,718.04 in Q1 2024, due to reduced investments in certain projects[13] - The company experienced a net cash inflow from financing activities of CNY 178,302,081.81, compared to CNY 212,594,592.75 in the previous period, showing a decrease of about 16%[30] Expenses - Research and development expenses rose to ¥32,752,333.62 in Q1 2025, an increase of 83.67% from ¥17,832,080.65 in Q1 2024, largely due to expenses from the newly acquired subsidiary AL-KO[11] - Sales expenses surged to ¥86,540,587.51 in Q1 2025, a dramatic increase of 398.59% from ¥17,357,129.67 in Q1 2024, influenced by the addition of AL-KO's sales expenses[11] - The company reported a tax expense of CNY 11,647,669.97, compared to CNY 554,566.86 in the previous period, reflecting a significant increase in tax obligations[27] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,456, with no preferred shareholders[15] - The top three shareholders hold a combined 47.54% of the company's shares, with Zhejiang Jindaye Holdings Co., Ltd. owning 26.20%[15] Strategic Initiatives - The company plans to continue expanding its market presence and investing in new technologies through its subsidiary AL-KO[9] - The company has undertaken significant asset purchases, including the acquisition of AL-KO, which was approved in August 2024[17] - The company completed the acquisition of AL-KO with a total transaction price of €20 million, and the share transfer registration has been finalized[20] - The company is actively engaging in strategic asset acquisitions and has responded to inquiries from the Shenzhen Stock Exchange regarding its restructuring plans[19] Other Financial Metrics - The company recorded non-recurring gains of ¥54,393,363.42, primarily from the disposal of non-current assets and government subsidies[6] - The company experienced a 135.82% increase in other income, totaling ¥2,773,734.76 in Q1 2025, compared to ¥1,176,207.14 in Q1 2024, mainly from increased government subsidies[11] - The company's cash and cash equivalents increased to ¥768,588,186.46 from ¥549,774,915.32, marking a growth of approximately 39.9%[22] - The company's inventory increased to ¥1,076,835,723.17 from ¥958,529,223.31, which is an increase of approximately 12.4%[22] - Accounts receivable surged by 408.32% to ¥1,248,837,473.24, primarily due to increased sales and the addition of the new subsidiary AL-KO[9] - Accounts receivable rose significantly to ¥1,248,837,473.24 from ¥245,678,213.75, representing an increase of about 407.5%[22] - The total operating costs for the current period were ¥1,357,047,740.18, up from ¥578,607,600.00 in the previous period, reflecting an increase of about 134.9%[26] - The company incurred a fair value loss of CNY -5,654,451.20, compared to a loss of CNY -1,423,362.02 in the previous period, indicating a worsening in fair value performance[27]

大叶股份（300879）公告，2025年第一季度营业收入15.18亿元，同比增长138.72%。净利润1.94亿元， 同比增长326.94%。 ...

目 录 一、非经营性资金占用及其他关联资金往来情况的专项 审计说明…………………………………………………………第 1—2 页 二、非经营性资金占用及其他关联资金往来情况汇总表…………… 第 3 页 三、附件………………………………………………………………第 4—8 页 （一）本所营业执照复印件……………………………………… 第 4 页 （二）本所执业证书复印件……………………………………… 第 5 页 （三）本所从事证券服务业务备案完备证明材料……………… 第 6 页 （四）注册会计师执业资格证书复印件………………………第 7—8 页 非经营性资金占用及其他关联资金往来情况的 专项审计说明 天健审〔2025〕6422 号 宁波大叶园林设备股份有限公司全体股东： 我们接受委托，审计了宁波大叶园林设备股份有限公司（以下简称大叶股份 公司）2024 年度财务报表，包括 2024 年 12 月 31 日的合并及母公司资产负债表， 2024 年度的合并及母公司利润表、合并及母公司现金流量表、合并及母公司所 有者权益变动表，以及财务报表附注，并出具了审计报告。在此基础上，我们审 计了后附的大叶股份公司管理层编制的 202 ...

2025年4月22日，大叶股份发布了2024年年报。报告显示，公司2024年实现营业总收入17.61亿元，同比 增长89.67%；毛利润3.47亿元，同比增长227.36%；归属净利润0.16亿元，同比扭亏为盈，增长 109.22%。尽管公司业绩在2024年实现了显著反弹，但净利润仅为1600万元，显示出盈利能力仍然薄 弱。 业绩大幅反弹，但净利润仍显不足 研发投入增加，但技术创新仍需突破 2024年，大叶股份的研发投入达到7899.55万元，同比增长16.39%。公司通过持续的研发投入，掌握了 园林机械的核心技术和生产工艺，并获得了多项国际认证，如欧盟CE认证、北美ETL认证等。截至 2024年底，公司已拥有专利251项，其中发明专利75项，参与制定国家标准15项。 尽管公司在技术创新方面取得了一定成果，但与全球领先的园林机械制造商相比，大叶股份的技术水平 仍有差距。特别是在智能化、自动化领域，公司的产品竞争力相对较弱。未来，公司需要进一步加大研 发投入，特别是在智能割草机器人等高端产品领域，以提升技术壁垒和市场竞争力。 总体来看，大叶股份在2024年实现了业绩的显著反弹，但净利润的低水平反映出公司在盈利能 ...

宁波大叶园林设备股份有限公司 2024年度董事会工作报告 2024年宁波大叶园林设备股份有限公司（以下简称"公司"或"大叶股 份"）董事会严格遵照《中华人民共和国公司法》（以下简称"《公司 法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）、《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 第2号——创业板上市公司规范运作》等相关法律法规和《公司章程》、《董事 会议事规则》等规章制度的规定，本着对全体股东负责的态度，认真履行董事 会职责，贯彻执行股东大会的各项决议，积极开展有关工作。有关工作具体情 况报告如下： 一、 2024年度董事会主要工作 （一）执行 2024 年度公司经营计划 2024年面对复杂多变的国际环境，公司抓住机遇积极应对经营发展中的新 挑战，公司全体上下在以董事会为核心的管理层领导下，紧紧围绕年度经营目 标，在夯实现有园林机械设备制造业务的基础上，继续高度专注于四大战略基 础即创新产品、全球化制造、品牌运营及优秀人才的建设 ，坚持走专业化、国 际化、品牌化道路，启动并购欧洲知名园林机械制造商AL-KO Geräte GmbH 100.00%股权项目（已于 ...