中信建投证券股份有限公司 关于火星人厨具股份有限公司使用部分自有资金进行现金管 理的核查意见 中信建投证券股份有限公司（以下简称"中信建投"、"保荐机构"）作为火 星人厨具股份有限公司（简称"火星人"、"公司"）向不特定对象发行可转换公 司债券并在创业板上市的保荐机构，根据《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》等相关规定，对火星人拟使用部分自有资金进行现金管 理的事项进行了核查，具体如下： 一、本次使用部分自有资金进行现金管理的基本情况 （一）投资目的 为提高资金使用效率，在确保不影响资金安全及正常生产经营的情况下，公 司拟使用部分自有资金进行现金管理，以更好的实现公司现金的保值增值，保障 公司股东的利益。 （二）投资品种 公司将按照相关规定严格控制风险，购买银行、基金公司、证券公司、保险 公司等金融机构发行的安全性高、流动性好、且投资期限最长不超过 12 个月的 理财产品。 1、虽然理财产品都经过严格的评估，但金融市场受宏观经济的影响较大， 不排除该项投资受到市场波动的影响。 2、公司将根据经济形势以及金融 ...

| 证券代码：300894 | 证券简称：火星人 公告编号：2024-072 | | --- | --- | | 债券代码：123154 | 债券简称：火星转债 | 火星人厨具股份有限公司 关于使用部分自有资金进行现金管理的公告 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。 火星人厨具股份有限公司（以下简称"公司"）于 2024 年 12 月 26 日召开 第三届董事会第二十三次会议，第三届监事会第十八次会议，审议通过了《关于 使用部分自有资金进行现金管理的议案》，同意公司使用不超过人民币 50,000.00 万元自有资金进行现金管理，自公司董事会审议通过之日起 12 个月 内有效。在上述额度和期限内，资金可循环滚动使用。本次使用部分自有资金进 行现金管理的事项在公司董事会审批权限内，无需提交股东大会审议。现将具体 情况公告如下： 一、本次使用部分自有资金进行现金管理的基本情况 （一）投资目的 为提高资金使用效率，在确保不影响资金安全及正常生产经营的情况下，公 司拟使用部分自有资金进行现金管理，以更好的实现公司现金的保值增值，保障 公司股东的利益。 （二）投 ...

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。 一、董事会会议召开情况 二、董事会会议审议情况 经各位董事认真审议，会议形成了以下决议： | 证券代码：300894 | 证券简称：火星人 | 公告编号：2024-070 | | --- | --- | --- | | 债券代码：123154 | 债券简称：火星转债 | | 火星人厨具股份有限公司 第三届董事会第二十三次会议决议公告 火星人厨具股份有限公司（以下简称"公司"）第三届董事会第二十三次会 议于 2024 年 12 月 26 日（星期四）在公司会议室以现场结合通讯的方式召开。 会议通知已于 2024 年 12 月 20 日通过通讯的方式送达各位董事。本次会议应出 席董事 9 人，实际出席董事 9 人。 会议由董事长黄卫斌先生主持，公司全体监事及高级管理人员列席了本次会 议。会议召开符合有关法律、法规、规章和《公司章程》的规定。 表决情况：9 票同意，0 票反对，0 票弃权 三、备查文件 （一）审议通过《关于使用部分自有资金进行现金管理的议案》 经审议，董事会同意公司使用不超过人民币 50,000.00 ...

第一章 总 则 第一条 为提高火星人厨具股份有限公司（以下简称"公司"）应对舆情的 能力，建立快速反应和应急处置机制，及时、妥善处理各类舆情对公司股票及 其衍生品种交易价格、商业信誉及正常生产经营活动造成的影响，切实保护投 资者合法权益，根据相关法律法规及《火星人厨具股份有限公司章程》（以下简 称"《公司章程》"）的规定，结合公司实际情况，制定本制度。 第二条 本制度所称舆情包括： (一) 报刊、电视、网络等媒体对公司进行的负面报道； (二) 社会上存在的已经或将给公司造成不良影响的传言或信息； (三) 可能或者已经影响社会公众投资者投资取向，造成股价异常波动的 信息； (四) 其他涉及公司信息披露且可能对公司股票及其衍生品种交易价格产 生较大影响的事件信息。 第三条 本制度所称舆情分为重大舆情与一般舆情： (一) 决定启动和终止各类舆情处理工作的相关事宜； (二) 评估各类舆情信息对公司可能造成的影响以及波及范围，拟定各类 舆情信息的处理方案； (三) 协调和组织各类舆情处理过程中的对外宣传报道工作； (四) 负责做好向证监局的信息上报工作及与深圳证券交易所的信息沟通 工作； (五) 舆情处理过程中的其他事 ...

| 证券代码：300894 | 证券简称：火星人 | 公告编号：2024-069 | | --- | --- | --- | | 债券代码：123154 | 债券简称：火星转债 | | 火星人厨具股份有限公司 关于使用闲置募集资金进行现金管理的进展公告 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。 火星人厨具股份有限公司（以下简称"公司"）于 2024 年 4 月 18 日召开第 三届董事会第十七次会议和第三届监事会第十三次会议，审议通过了《关于使用 部分闲置募集资金进行现金管理的议案》，同意公司使用不超过人民币 20,000.00 万元闲置募集资金进行现金管理，自董事会审议通过之日起 12 个月 内有效。在上述额度和期限内，资金可循环滚动使用。 公司保荐机构对上述事项发表了明确同意的意见。具体内容详见公司在巨潮 资讯网（www.cninfo.com.cn）上披露的《关于使用部分闲置募集资金进行现金管 理的公告》（公告编号：2024-027）。 近日，公司使用部分闲置募集资金进行现金管理。现将有关情况公告如下： 一、 本次使用闲置募集资金进行现金管理的主要情 ...

| 证券代码：300894 | 证券简称：火星人 | 公告编号：2024-068 | | --- | --- | --- | | 债券代码：123154 | 债券简称：火星转债 | | 火星人厨具股份有限公司 关于使用闲置募集资金进行现金管理的进展公告 公司保荐机构对上述事项发表了明确同意的意见。具体内容详见公司在巨潮 资讯网（www.cninfo.com.cn）上披露的《关于使用部分闲置募集资金进行现金管 理的公告》（公告编号：2024-027）。 近日，公司赎回部分闲置募集资金现金管理产品。现将有关情况公告如下： 一、 本次使用闲置募集资金进行现金管理赎回的主要情况 单位：人民币万元 | 序 | 受托方 | 产品名称 | | 投 | 入 | 起 | 始 | 到 | 期 | 预 期 年 化 收 益 | 赎 回 本 | 实 | 际 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 号 | | | | 金额 | | 日 | | 日 | | 率 | 金金额 | 收益 | | | 1 | ...

Investment Rating - The investment rating for the company is "Cautious Accumulate" [2][11]. Core Views - The company has a high online market share and is actively supporting online sales and distributor strategies, which are expected to lead to growth that outperforms the industry in the future [2]. - Due to lower-than-expected performance in the first three quarters and intense industry competition, the earnings forecast has been revised downwards, with projected EPS for 2024-2026 at 0.10, 0.41, and 0.45 yuan, reflecting significant reductions of -87%, -50%, and -49% from previous estimates [3][11]. Summary by Sections 1. Investment Recommendations - The target price has been adjusted to 16.40 yuan from the previous 17.41 yuan, based on a cautious approach considering the uncertain recovery in the real estate sector [11]. 2. Performance Overview - In Q3 2024, the company reported revenue of 1.013 billion yuan, a year-on-year decrease of 35.51%, and a net profit attributable to shareholders of 15 million yuan, down 93.22% year-on-year [13]. 3. Performance Under Pressure, Expecting Improvement - The average price of integrated stoves is high, raising the purchasing threshold for consumers, leading to a decline in overall sales volume amid a slow recovery in consumer purchasing power. The gross margin for Q3 2024 was 44.06%, down 3.95 percentage points year-on-year, while the net margin was 1.49%, down 12.64 percentage points year-on-year [14]. - The company’s expense ratios for sales, management, R&D, and financial costs were 28.4%, 8.87%, 7.87%, and -1.28%, respectively, showing increases compared to the previous year [14]. 4. Relatively Abundant Monetary Funds - As of the end of Q3 2024, the company had cash and cash equivalents plus trading financial assets totaling 851 million yuan, down 999.2 million yuan year-on-year. Inventory stood at 173 million yuan, down 68 million yuan year-on-year [15]. - The net cash flow from operating activities for the first three quarters of 2024 was -100 million yuan, a decrease of 480 million yuan year-on-year [15].

Investment Rating - The report maintains a "Buy" investment rating for the company [3][5]. Core Views - The company reported a significant decline in sales volume and profitability, with total revenue for Q1-Q3 2024 at 1.013 billion yuan, down 35.51% year-on-year, and a net profit attributable to shareholders of 15 million yuan, down 93.22% year-on-year [1]. - The integrated stove industry is under pressure due to changes in the real estate environment, with retail sales declining both online and offline [1]. - The company is focusing on product innovation and a multi-channel development strategy to adapt to market changes [2]. Financial Performance Summary - For Q3 2024, the company achieved a gross margin of 39.08%, a decrease of 10.36 percentage points year-on-year [2]. - The net profit margin for Q3 2024 was -8.22%, down 24.03 percentage points year-on-year [2]. - Operating cash flow for Q3 2024 was -40 million yuan, a decline of 131.79% year-on-year, with cash received from sales down 48.11% [2]. Earnings Forecast - The company is expected to achieve net profits of 25 million yuan, 142 million yuan, and 156 million yuan for 2024, 2025, and 2026 respectively, reflecting a year-on-year change of -90.0%, 477.3%, and 9.6% [3][4].

Financial Performance - The company reported a net loss of RMB 25.9487 million in Q3 2024 [1] - Revenue for Q3 2024 was RMB 316 million, a year-on-year decrease of 42.29% [1] Operational Highlights - The company's financial performance in Q3 2024 showed significant decline compared to the same period last year [1] - The substantial revenue drop indicates potential challenges in the company's core business operations [1]

Financial Performance - The company's revenue for Q3 2024 was ¥315,608,446.54, a decrease of 42.29% compared to the same period last year[3]. - The net profit attributable to shareholders was -¥25,948,743.92, representing a decline of 129.96% year-over-year[3]. - The net profit after deducting non-recurring gains and losses was -¥27,034,330.43, down 134.54% from the previous year[3]. - The company's operating revenue for Q3 2024 was approximately ¥1,012.87 million, a decrease of 35.51% compared to ¥1,570.70 million in the same period last year[9]. - The company's net profit margin was adversely affected, leading to a 44.04% drop in undistributed profits to ¥292.86 million from ¥523.31 million[9]. - Net profit for the current period is approximately ¥15.10 million, a significant decrease from ¥221.97 million in the previous period[22]. - Basic earnings per share for the current period is ¥0.04, compared to ¥0.55 in the previous period[22]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,419,641,873.71, a decrease of 27.44% compared to the end of the previous year[3]. - The total liabilities decreased significantly, with accounts payable down by 49.92% to ¥118.53 million from ¥236.68 million year-on-year[9]. - The company's total liabilities decreased to CNY 998,385,300.19, down 40.8% from CNY 1,686,448,904.78 at the beginning of the year[18]. - The total equity attributable to shareholders of the parent company was CNY 1,421,257,255.20, a decline of 13.8% from CNY 1,649,490,762.84 at the beginning of the year[18]. - Cash and cash equivalents decreased significantly to CNY 538,322,618.83 from CNY 1,650,265,314.90, representing a decline of 67.4%[18]. Cash Flow - The cash flow from operating activities was -¥99,986,692.92, a decline of 126.24% compared to the same period last year[3]. - The net cash flow from operating activities was negative at approximately ¥99.99 million, a decline of 126.24% from ¥381.04 million in the previous year[9]. - The cash and cash equivalents net increase was negative at approximately -¥1,009.83 million, a decline of 260.70% from an increase of ¥628.38 million in the previous year[9]. - Cash inflow from investment activities is approximately ¥1.23 billion, down from ¥1.35 billion in the previous period[24]. - Cash outflow from investment activities is approximately ¥1.48 billion, an increase from ¥1.03 billion in the previous period[24]. - The ending balance of cash and cash equivalents was CNY 488,078,166.78, down from CNY 1,542,521,786.64 in the previous period[25]. - The company’s cash and cash equivalents decreased by CNY 1,009,832,863.01 during the period[25]. Shareholder Information - The company has a total of 24,046 common shareholders as of the end of the reporting period[10]. - The largest shareholder, Huang Weibin, holds 36.14% of the shares, amounting to 147,900,000 shares, with 110,925,000 shares under pledge[11]. - The company plans to distribute a cash dividend of RMB 6.00 per 10 shares, totaling RMB 245,541,947.40, which represents 99.31% of the net profit attributable to ordinary shareholders for the year[15]. - The company’s total restricted shares held by major shareholders remained stable, with no new restrictions imposed during the reporting period[14]. Corporate Actions and Management - The company completed the registration of 467,000 restricted stock grants to 35 eligible participants as part of its incentive plan, increasing total shares from 408,769,577 to 409,236,577[15]. - The board decided not to adjust the conversion price of the "Mars Convertible Bonds" despite the stock price being below 85% of the conversion price for 15 out of 30 trading days[15]. - The company terminated the investment project for the new headquarters building, which was initially budgeted at RMB 580 million[16]. - The company has approved the repurchase and cancellation of part of the restricted stock from the 2023 incentive plan[16]. - The company’s financial management team has been updated with the appointment of a new CFO, effective immediately following board approval[16]. Accounting and Reporting - The third quarter report was not audited[26]. - The company adopted new accounting standards starting in 2024[25].