证券代码：300952 证券简称：恒辉安防 编号：2024-009 江苏恒辉安防股份有限公司 投资者关系活动记录表 | --- | --- | --- | |---------------------|-------------------------------------|----------------------------------------------------------------------------------------------| | | | | | 投资者关系活动 类别 | 特定对象调研 | ☐ 分析师会议 | | | ☐ 媒体采访 | ☐业绩说明会 | | | ☐ 新闻发布会 | ☐ 路演活动 | | | ☐ | 现场参观 ☐其他（请文字说明其他活动内容） | | 形式 ☐ | 现场 ☐ 网上 | 电话会议 | | 参与单位名称及 | 东北证券 薛 进 | | | 人员姓名 | 中信资管 樊婀琳 大成基金 侯跃隆 | | | 时间 | 2024 年10月 29日 2024年10 月30日 | 16:00-17:30 15:30-16:30 | | 地点 | 线上会议形式 ...

Investment Rating - The report maintains a "Buy" rating for the company with a target price of 21.23 CNY [1]. Core Views - The company reported a revenue of 360 million CNY in Q3 2024, representing a year-on-year increase of 41%, while the net profit attributable to the parent company was 50 million CNY, down 12% year-on-year [1]. - The company aims to leverage its existing advantages in R&D, production, products, marketing, and customer management to enhance new product development and expand brand promotion efforts [1]. - The company is focusing on both domestic and emerging international markets to prepare for upcoming capacity releases [1]. Financial Data Summary - For the first three quarters of 2024, the company achieved a total revenue of 870 million CNY, a 25% increase year-on-year, with a net profit of 90 million CNY, up 0.8% year-on-year [1]. - The gross margin for the first three quarters of 2024 was 24.9%, a decrease of 1.9 percentage points year-on-year, while the net profit margin was 11.6%, down approximately 2.4 percentage points year-on-year [1]. - The company has a total share capital of 145.38 million shares and a market capitalization of approximately 3.09 billion CNY [1]. Production Capacity and Market Strategy - The company has a new production capacity of 72 million pairs of functional safety gloves, primarily targeting mid-to-low-end products, with an expected digestion period of 3-5 years [1]. - The company plans to enhance its market penetration in North America, the EU, Japan, and emerging markets such as Australia, Turkey, and South America [1]. - In the domestic market, the company is targeting key industries such as automotive manufacturing, petrochemicals, and wind energy, implementing tailored strategies for major clients [1]. Financial Forecasts - The company has adjusted its earnings forecasts, expecting EPS of 0.80 CNY, 1.08 CNY, and 1.45 CNY for 2024, 2025, and 2026 respectively, with corresponding P/E ratios of 25X, 19X, and 14X [1]. - Revenue projections for 2024, 2025, and 2026 are 1.24 billion CNY, 1.55 billion CNY, and 2.02 billion CNY, reflecting growth rates of 26.5%, 25.7%, and 30.1% respectively [2][3].

证券代码：300952 证券简称：恒辉安防 江苏恒辉安防股份有限公司 投资者关系活动记录表 编号：2024-008 | --- | --- | --- | --- | |---------------------|---------------------------------------------------------|-------|------------------------------------------| | | | | | | 投资者关系活动 类别 | 特定对象调研 | | ☐ 分析师会议 | | | ☐ 媒体采访 | | ☐业绩说明会 | | | ☐ 新闻发布会 | | ☐ 路演活动 | | | ☐ | | 现场参观 ☐其他（请文字说明其他活动内容） | | 形式 ☐ | 现场 ☐ | 网上 | 电话会议 | | | 广发证券：糜韩杰 | | | | | 上海聆泽投资管理有限公司：张济鹏 | | | | | 海南宽行私募基金管理有限公司：李旎 | | | | | 太平基金管理有限公司：史彦刚 华安基金管理有限公司：张峦 | | | | | | | | | | PINPOINT AS ...

Revenue and Profit - Revenue for Q3 2024 reached ¥357,873,906.93, an increase of 40.64% year-over-year[1] - Net profit attributable to shareholders was ¥44,902,707.04, a decrease of 12.48% compared to the same period last year[1] - Net profit excluding non-recurring items was ¥30,889,347.07, down 1.63% year-over-year[1] - Total operating revenue for the third quarter reached ¥871,619,511.92, an increase of 25.3% compared to ¥695,411,640.29 in the same period last year[11] - Net profit for the quarter was ¥100,916,465.17, representing a 3.5% increase from ¥97,213,241.26 in the previous year[12] - The total comprehensive income for the quarter was ¥103,382,182.09, compared to ¥97,654,041.74 in the previous year, indicating a growth of 5.6%[12] - The company reported a profit before tax of ¥118,193,109.31, compared to ¥111,232,064.93 in the previous year, reflecting a growth of 6.5%[12] Assets and Liabilities - Total assets increased to ¥2,621,093,951.95, reflecting a growth of 40.07% from the end of the previous year[1] - Total liabilities increased to RMB 1.29 billion from RMB 696.21 million, marking an increase of approximately 85.3%[10] - The company's total non-current assets reached RMB 1.23 billion, up from RMB 1.07 billion, indicating an increase of approximately 14.6%[10] Shareholders' Equity - Shareholders' equity rose to ¥1,241,443,841.22, an increase of 11.47% compared to the end of last year[1] - The company's equity attributable to shareholders reached RMB 1.24 billion, up from RMB 1.11 billion, reflecting a growth of about 11.6%[10] - Minority shareholders' equity increased to ¥88,172,278.96, up from ¥61,376,690.89 year-over-year, marking a growth of 43.7%[11] Cash Flow - Cash flow from operating activities showed a net outflow of ¥511,138.37, a decline of 100.76% year-over-year[1] - The company's net cash flow from operating activities decreased by 100.76%, resulting in a negative cash flow of ¥511,138.37, primarily due to increased inventory reserves to meet customer demand[5] - The total cash inflow from operating activities for the current period was ¥939,652,022.57, an increase of 6.5% compared to ¥879,228,420.45 in the previous period[13] - The net cash outflow from operating activities was ¥511,138.37, a significant decrease from a net inflow of ¥67,273,088.33 in the previous period[13] - Cash inflow from financing activities reached ¥737,808,300.72, a substantial increase from ¥195,609,798.00 in the previous period, representing a 276% growth[14] - The net cash flow from financing activities was ¥605,039,375.49, compared to ¥107,819,985.90 in the previous period, indicating a significant improvement[14] Inventory and Borrowings - Inventory increased by 42.04% to ¥432,266,520.45, driven by increased product orders and supply needs[4] - Short-term borrowings rose by 90.35% to ¥200,000,000.00 due to new working capital loans[4] - The company’s long-term borrowings increased to RMB 185 million from RMB 151.4 million, representing a growth of 22.2%[10] Financial Performance - Financial expenses increased by 166.56% to ¥2,109,283.27, mainly due to higher net interest expenses exceeding the increase in exchange gains[5] - Investment income rose by 216.39% to ¥485,595.62, attributed to increased returns from redeemed financial products[5] - Research and development expenses rose to ¥41,830,564.65, a 19.5% increase from ¥34,960,506.89 year-over-year[11] Other Comprehensive Income - The company reported a significant increase in other comprehensive income by 7,425.53% to ¥2,498,922.88, mainly due to increased foreign currency translation differences[5] Government Subsidies - The company received government subsidies amounting to ¥16,464,849.60 during the reporting period[2] Convertible Bonds - The company issued 5 million convertible bonds with a total fundraising amount of RMB 500 million, net proceeds amounting to RMB 492.6 million after deducting issuance costs[8] - The company issued convertible bonds, leading to an increase in other equity instruments and deferred income tax liabilities, with the latter rising by 1,508.67% to ¥11,539,361.41[5]

江苏恒辉安防股份有限公司 2024 年度跟踪评级报告 编号：信评委函字[2024]跟踪 3613 号 声 明 中诚信国际信用评级有限责任公司 2024 年 10 月 24 日 2 本次评级为委托评级，中诚信国际及其评估人员与评级委托方、评级对象不存在任何其他影响本次评级行为独立、 客观、公正的关联关系。 本次评级依据评级对象提供或已经正式对外公布的信息，以及其他根据监管规定收集的信息，中诚信国际按照相关 性、及时性、可靠性的原则对评级信息进行审慎分析，但中诚信国际对于相关信息的合法性、真实性、完整性、准 确性不作任何保证。 中诚信国际及项目人员履行了尽职调查和诚信义务，有充分理由保证本次评级遵循了真实、客观、公正的原则。 评级报告的评级结论是中诚信国际依据合理的内部信用评级标准和方法、评级程序做出的独立判断，未受评级委托 方、评级对象和其他第三方的干预和影响。 本评级报告对评级对象信用状况的任何表述和判断仅作为相关决策参考之用，并不意味着中诚信国际实质性建议任 何使用人据此报告采取投资、借贷等交易行为，也不能作为任何人购买、出售或持有相关金融产品的依据。 中诚信国际不对任何投资者使用本报告所述的评级结果而出现 ...

恒辉安防（300952） 舆情管理制度 江苏恒辉安防股份有限公司 舆情管理制度 第一章 总则 第一条 为了提高江苏恒辉安防股份有限公司（以下简称"公司"）应对 各类舆情的能力，建立快速反应和应急处置机制，及时、妥善处理各类舆情对 公司股价、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《深圳证券交易所股票上市规则》《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、规范性文件的要 求和《江苏恒辉安防股份有限公司章程》（以下简称"《公司章程》"）的有 关规定，特制订本制度。 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）重大舆情：指传播范围较广，严重影响公司公众形象或正常经营活 动，使公司已经或可能遭受损失，已经或可能造成公司股票及其衍生品种交 ...

本公司及监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、监事会会议召开情况 江苏恒辉安防股份有限公司（以下简称"公司"）于 2024 年 10 月 14 日以 书面送达、电子邮件等方式向全体监事发出关于召开第三届监事会第七次会议 （以下简称"会议"）的通知，会议通知中包括会议的相关资料，同时列明会议 的召开时间、地点、内容和方式。会议于 2024 年 10 月 25 日在公司会议室召开， 由监事会主席施学玲女士召集并主持。会议应出席监事 3 名，实际出席监事 3 名。本次会议的召开符合《公司法》等法律、法规和《公司章程》的有关规定。 二、监事会会议审议情况 | 证券代码：300952 | 证券简称：恒辉安防 公告编号：2024-085 | | --- | --- | | 债券代码：123248 | 债券简称：恒辉转债 | 江苏恒辉安防股份有限公司 第三届监事会第七次会议决议公告 （一）审议通过《关于公司<2024 年第三季度报告>的议案》 江苏恒辉安防股份有限公司 监事会 2024 年 10 月 26 日 具体内容详见公司同日刊登于巨潮资讯网（http://www ...

| 证券代码：300952 | 证券简称：恒辉安防 | 公告编号：2024-084 | | --- | --- | --- | | 债券代码：123248 | 债券简称：恒辉转债 | | 二、董事会会议审议情况 （一）审议通过《关于公司<2024 年第三季度报告>的议案》 江苏恒辉安防股份有限公司 第三届董事会第七次会议决议公告 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、董事会会议召开情况 江苏恒辉安防股份有限公司（以下简称"公司"）于 2024 年 10 月 14 日以 书面送达、电话、电子邮件等方式向全体董事发出关于召开第三届董事会第七次 会议（以下简称"会议"）的通知，会议通知中包括会议的相关资料，同时列明 会议的召开时间、地点、内容和方式。会议于 2024 年 10 月 25 日在公司会议室 以现场会议及通讯表决相结合的方式召开，由董事长王咸华先生召集并主持。会 议应出席董事 9 名，实际出席董事 9 名。公司监事、高级管理人员列席了本次会 议。本次会议的召开符合《公司法》等法律、法规和《公司章程》的有关规定。 表决情况：9 票同意，0 票反 ...

| 证券代码：300952 | 证券简称：恒辉安防 | 公告编号：2024-083 | | --- | --- | --- | | 债券代码：123248 | 债券简称：恒辉转债 | | 江苏恒辉安防股份有限公司 关于注销部分募集资金专项账户的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，不存在任何虚假 记载、误导性陈述或者重大遗漏。 江苏恒辉安防股份有限公司(以下简称"公司") 向不特定对象发行可转换 公司债券募集资金投资项目"补充流动资金项目"已实施完毕，结项后的募集资 金专户余额40,489.20元用于永久补充流动资金。公司已于近日注销完成对应的 募集资金专户，详情如下： 一、募集资金的基本情况 根据中国证券监督管理委员会（以下简称"中国证监会"）《关于同意江苏 恒辉安防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〔2024〕1063号），江苏恒辉安防股份有限公司（以下简称"公司"）向不特 定对象发行500万张可转换公司债券，每张面值为人民币100元，募集资金总额人 民币50,000.00万元，扣除各项发行费用后的实际募集资金净额为49,260.13万元。 募集资金已于 ...

核查意见 华泰联合证券有限责任公司 关于江苏恒辉安防股份有限公司及子公司使用部分闲置募 集资金及自有资金进行现金管理的核查意见 华泰联合证券有限责任公司（以下简称"华泰联合证券"或"保荐人"）作 为江苏恒辉安防股份有限公司（以下简称"恒辉安防"或"公司"）向不特定对 象发行可转换公司债券并在创业板上市持续督导阶段的保荐人，根据《证券发行 上市保荐业务管理办法》《上市公司监管指引第 2 号——上市公司募集资金管理 和使用的监管要求》及《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》等有关规定，对恒辉安防使用部分闲置募集资金及自有资 金进行现金管理进行了核查，核查情况及核查意见如下： 一、募集资金基本情况 根据中国证券监督管理委员会《关于同意江苏恒辉安防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[2024]1063 号），恒辉安防获 准向不特定对象发行面值总额为人民币 50,000.00 万元的可转换公司债券，期限 6 年。公司本次发行可转换公司债券应募集资金 50,000.00 万元，实际募集资金 50,000.00 万元，扣除保荐及承销费用、审计及验资费用、 ...