注 1：预留部分的激励对象由本计划经股东大会审议通过后 12 个月内确定，经董事会提出、监事 会发表明确意见、律师发表专业意见并出具法律意见书后，公司在指定网站按要求及时准确披露 当次激励对象相关信息； 浙江嘉益保温科技股份有限公司 2024 年限制性股票激励计划首次授予激励对象名单（授予日） 一、本激励计划首次授予的限制性股票的分配情况 首次授予的限制性股票在各激励对象间的分配情况如下表所示： | 序 | | | | 获授的限制性 | 占本激励计划 | 占本激励计划 | | --- | --- | --- | --- | --- | --- | --- | | 号 | 姓名 | 国籍 | 职务 | 股票数量 | 拟授予权益总 | 公告时总股本 | | | | | | （万股） | 量的比例 | 的比例 | | 1 | BUI DAM HUONG VY | 越南 | 核心管理 | 2.00 | 1.69% | 0.02% | | | （裴谭香薇） | | 人员 | | | | | 2 | TRUONG THI HUONG | 越南 | 核心管理 | 1.00 | 0.84% | 0.01% | | | THA ...

激励对象人员名单的核查意见 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。 证券代码：301004 证券简称：嘉益股份 公告编号：2024-072 浙江嘉益保温科技股份有限公司 监事会关于 2024 年限制性股票激励计划首次授予日 1 首次授予日，向符合条件的228名激励对象授予94.50万份限制性股票。 特此公告。 浙江嘉益保温科技股份有限公司 浙江嘉益保温科技股份有限公司（以下简称"公司"）监事会依据《公司法》 《证券法》《上市公司股权激励管理办法》（以下简称"《管理办法》"）《深 圳证券交易所创业板股票上市规则》（以下简称"《创业板上市规则》"）《深 圳证券交易所创业板上市公司自律监管指南第1号——业务办理》等相关法律法 规及《公司章程》的要求，对公司2024年度限制性股票激励计划（以下简称"本 次激励计划"）授予激励对象名单进行了核查，发表核查意见如下： 本次授予的激励对象具备《公司法》《证券法》等法律、法规和规范性文件 以及《公司章程》规定的任职资格，符合《管理办法》和《创业板上市规则》等 文件规定的激励对象条件，不存在《管理办法》规定的不得成为激励 ...

证券代码：301004 证券简称：嘉益股份 公告编号：2024-067 浙江嘉益保温科技股份有限公司 向不特定对象发行可转换公司债券中签号码公告 保荐人（主承销商）：浙商证券股份有限公司 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。 特别提示 浙江嘉益保温科技股份有限公司（以下简称"嘉益股份"、"发行人"或"公司"） 和浙商证券股份有限公司（以下简称"主承销商"或"保荐人（主承销商）"）根据《中 华人民共和国证券法》、《证券发行与承销管理办法》（证监会令〔第 208 号〕）、《上 市公司证券发行注册管理办法》（证监会令〔第 206 号〕）、《深圳证券交易所上市公 司证券发行与承销业务实施细则》（深证上〔2023〕101 号）、《深圳证券交易所上市 公司自律监管指引第 15 号——可转换公司债券》（深证上〔2022〕731 号）、《深圳 证券交易所创业板上市公司自律监管指南第 1 号——业务办理（2024 年修订）》（深 证上〔2024〕398 号）等相关规定向不特定对象发行可转换公司债券（以下简称"嘉益 转债"或"可转债"）。 本次向不特定对象发行的可转债将 ...

Investment Rating - The investment rating for the company is not explicitly stated in the report, but it suggests an active subscription for the convertible bond [2][23]. Core Views - The report indicates that the convertible bond of Jia Yi (123250.SZ) has a total issuance scale of 398 million yuan, with net proceeds used for the production of stainless steel vacuum insulated cups in Vietnam [1]. - The expected listing price range for the convertible bond on its first day is between 117.96 and 131.42 yuan, with an anticipated conversion premium of around 25% [2][24]. - Jia Yi's main business involves the research, design, production, and sales of various beverage and food containers, with a strong focus on stainless steel vacuum insulated products [3][28]. Summary by Sections 1. Convertible Bond Basic Information - The current bond valuation is 81.98 yuan, with a yield to maturity (YTM) of 2.97%. The bond has a maturity period of 6 years and a credit rating of A+/A+ [1][21]. - The initial conversion price is set at 116.05 yuan per share, with a conversion parity of 99.68 yuan and a premium rate of 0.32% [2][19]. 2. Investment Subscription Suggestions - The report forecasts a first-day price for the convertible bond between 117.96 and 131.42 yuan, with a subscription rate of 0.0013% [2][23]. - The bond's dilution rate on total share capital is 3.20%, indicating a relatively low dilution pressure on the company's equity [22]. 3. Fundamental Analysis of the Company 3.1 Financial Data Analysis - Jia Yi has shown steady revenue growth since 2019, with a compound annual growth rate (CAGR) of 44.70% from 2019 to 2023. In 2023, the company achieved a revenue of 1.775 billion yuan, a year-on-year increase of 40.96% [3][28]. - The net profit attributable to shareholders has also increased, with a CAGR of 60.07% from 2019 to 2023, reaching 472 million yuan in 2023, up 73.60% year-on-year [3][28]. 3.2 Company Highlights - Jia Yi has established stable partnerships with several internationally recognized brands in the stainless steel insulated container market, contributing to a steady order flow and revenue [41]. - The demand for stainless steel vacuum insulated products is expected to continue growing, driven by consumer preferences for high-quality living and outdoor activities [41].

向不特定对象发行可转换公司债券 网上发行中签率及优先配售结果公告 保荐人（主承销商）：浙商证券股份有限公司 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。 特别提示 浙江嘉益保温科技股份有限公司（以下简称"嘉益股份"、"发行人"或"公司"） 和浙商证券股份有限公司（以下简称"主承销商"）根据《中华人民共和国证券法》、 《证券发行与承销管理办法》（证监会令〔第 208 号〕）、《上市公司证券发行注册管 理办法》（证监会令〔第 206 号〕）、《深圳证券交易所上市公司证券发行与承销业务 实施细则》（深证上〔2023〕101 号）、《深圳证券交易所上市公司自律监管指引第 15 号——可转换公司债券》（深证上〔2022〕731 号）、和《深圳证券交易所创业板上 市公司自律监管指南第 1 号——业务办理（2024 年修订）》（深证上〔2024〕398 号） 等相关规定向不特定对象发行可转换公司债券（以下简称"嘉益转债"或"可转债"）。 本次向不特定对象发行的可转债将向发行人在股权登记日 2024 年 11 月 6 日（T-1 日）收市后中国证券登记结算有限责任公司深圳分 ...

Investment Rating - The report assigns an investment rating of A+/A+ to the company and its convertible bond issuance [8][9]. Core Insights - The company is a professional manufacturer of stainless steel vacuum insulated containers, with a focus on product design, production, and sales [14][24]. - The total issuance scale of the convertible bond is 398 million yuan, with a term of 6 years and a conversion price set at 116.05 yuan [8][9]. - The company has shown strong financial performance, with a year-to-date stock price increase of 161.29% as of November 5, 2024, outperforming the industry index which declined by 6.18% [8][41]. Summary by Sections Convertible Bond Analysis - The convertible bond has a high compensation rate of 9% and market-oriented terms for down adjustment and strong redemption [8][9]. - The dilution rate for total share capital is 3.2%, indicating minimal dilution pressure [8]. Subscription Rate Analysis - The top ten shareholders hold a combined 77.91% of the shares, indicating a concentrated ownership structure [12]. - The estimated subscription rate for online applications is projected to be 0.0014% based on recent market conditions [12]. Company Overview - As of September 30, 2024, the controlling shareholder holds 47.39% of the company, with no pledged or frozen shares [13]. - The company primarily engages in the R&D, design, production, and sales of various types of drink and food containers, with a significant focus on stainless steel vacuum insulated products [14][24]. Industry Analysis - The global market for vacuum insulated containers has shown a growth trend, with a market size of 555 billion yuan in 2022, reflecting a 5.11% increase from the previous year [20][22]. - The domestic market for stainless steel vacuum insulated containers has also been growing, with demand increasing from 12.21 million units in 2017 to 15.75 million units in 2022 [22]. Financial Analysis - For the first nine months of 2024, the company reported a revenue of 1.985 billion yuan, a year-on-year increase of 61.6%, and a net profit of 531 million yuan, up 69.2% [29][32]. - The company's return on equity (ROE) stands at 35.92%, which is higher than the average of comparable companies [41]. Valuation Performance - As of November 5, 2024, the company's price-to-earnings (PE) ratio is 17.43, above the industry average, indicating a moderate valuation elasticity [41]. - The company has a circulating market value that constitutes 92.36% of its total market value, with a significant portion of shares subject to lock-up until March 14, 2025 [41]. Fundraising Project Analysis - The funds raised will be allocated to projects including the construction of a production line for stainless steel vacuum insulated cups in Vietnam and the enhancement of working capital [10][48][49].

Investment Rating - The report maintains a "Buy" rating for the company [1][3]. Core Insights - The company has demonstrated continuous high growth in revenue and profit, with a year-on-year revenue increase of 61.6% to 1.99 billion yuan and a net profit increase of 69.2% to 530 million yuan for the first three quarters of 2024 [1][2]. - The company has implemented a stock incentive plan to establish a long-term incentive mechanism, aiming for revenue and profit growth of no less than 50%/80%/120% from 2023 to 2026 [3]. - The earnings per share (EPS) for 2024-2026 are projected to be 6.99 yuan, 8.58 yuan, and 10.46 yuan, with corresponding price-to-earnings (PE) ratios of 16x, 13x, and 11x, respectively [3][4]. Financial Performance Summary - For the first three quarters of 2024, the company achieved a gross margin of 39.5%, with a net profit margin of 26.7%, reflecting a year-on-year increase of 1.2 percentage points [2]. - The company’s revenue for 2024 is projected to reach 2.73 billion yuan, with a growth rate of 53.72%, and net profit is expected to be 726.14 million yuan, reflecting a growth rate of 53.83% [4][9]. - The company’s total assets are estimated to grow from 164.34 billion yuan in 2023 to 417.36 billion yuan by 2026, indicating strong asset growth [9]. Business Segmentation - The stainless steel vacuum insulated containers are expected to maintain a high growth rate, with projected revenues of 2.62 billion yuan in 2024, a 55% increase year-on-year [6]. - The company anticipates a continuous release of production capacity in both domestic and Vietnamese markets, with additional capacity of 15 million units in 2024 [6]. Valuation Metrics - The report provides a valuation with a PE ratio decreasing from 25 in 2023 to 11 by 2026, indicating an attractive valuation as earnings grow [4][9]. - The projected return on equity (ROE) is expected to be 38.18% in 2024, gradually decreasing to 31.40% by 2026 [4][9].

证券代码：301004 证券简称：嘉益股份 1 浙江嘉益保温科技股份有限公司 投资者关系活动记录表 编号：2024-003 | --- | --- | --- | |--------------------------|---------------------------------------------------------------------------------------------------------|------------------------------------------------------| | | | | | | ☐ 特定对象调研 | ☐ 分析师会议 | | | ☐ 媒体采访 | ☐ 业绩说明会 | | 投资者关系活动类别 | ☐ 新闻发布会 | 路演活动 | | | ☐ 现场参观 | | | | ☐ 其他 | | | 参与单位名称及人员姓名 | | 线上参与嘉益股份可转债发行网上路演的投资者 | | 时间 | 2024 年 11 月 6 | 日（星期三） 15:30-17:00 | | 地点 | " 投关易 IRYi" | 微信小程序 | | 上市公司接待人员 ...

证券代码：301004 证券简称：嘉益股份 公告编号：2024-065 浙江嘉益保温科技股份有限公司 向不特定对象发行可转换公司债券发行提示性公告 保荐人（主承销商）：浙商证券股份有限公司 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。 特别提示 浙江嘉益保温科技股份有限公司（以下简称"嘉益股份"、"发行人"或"公司"） 和浙商证券股份有限公司（以下简称"保荐人（主承销商）"或"主承销商"）根据《中 华人民共和国证券法》、《证券发行与承销管理办法》（证监会令〔第 208 号〕）、《上 市公司证券发行注册管理办法》（证监会令〔第 206 号〕）、《深圳证券交易所上市公 司证券发行与承销业务实施细则》（深证上〔2023〕101 号）、《深圳证券交易所上市 公司自律监管指引第 15 号——可转换公司债券》（深证上〔2022〕731 号）、和《深 圳证券交易所创业板上市公司自律监管指南第 1 号——业务办理（2024 年修订）》（深 证上〔2024〕398 号）等相关规定向不特定对象发行可转换公司债券（以下简称"嘉益 转债"或"可转债"）。 本次向不特定对象发行的可转 ...

2024 年 11月 04 日 证券研究报告。2024年三季报点评 嘉益股份（301004）轻工制造 买入 (##) 当 前价：115.34 元 目标价：——元（6个月） 业绩持续高增,经营景气度延续 投资买点 ● 业绩搞要:公司发布 2024年三季报。24年前三季度公司实现营收 19.9亿元, 同比+61.6%:实现归母净利润 5.3 亿元,同比+69.2%;实现扣非净利润 5.2 亿 元，同比+61.7%。单 Q3公司实现营收 8.2 亿元，同比+42.8%；实现归母净利 润 2.1 亿元,同比+41.8%;实现扣非后归母净利润 2.1 亿元,同比+34.1%。公 司最近3年营收和利润持续高增长,下游需求景气度延续。 ● 盈利能力保持稳定。24年前三季度公司整体毛利率为 39.5%，同比+0.2pp;总 费用率为 7.7%。基本与上年同期持平，其中销售费用率/管理费用率/财务费用 率 / 研 发 费 用 率 分 别 为 0.9%/3.8%/-0.2%/3.2%/3.2% ， 同 比 -1pp/-0.02pp/+1.3pp/-0.3pp。综合来看，前三季度公司净利率为 26.7%，同比 +1.2pp。单 Q ...