| 证券代码：301004 | 证券简称：嘉益股份 | 公告编号：2025-007 | | --- | --- | --- | | 债券代码：123250 | 债券简称：嘉益转债 | | 浙江嘉益保温科技股份有限公司 关于 2024 年度利润分配及资本公积金转增股本方案的公告 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。 一、2024 年度利润分配及资本公积金转增股本方案的审议程序 （一）董事会和监事会 浙江嘉益保温科技股份有限公司（以下简称"公司"）于 2025 年 3 月 27 日召 开第三届董事会第十三次会议和第三届监事会第十二次会议，分别审议通过了 《关于 2024 年度利润分配及资本公积金转增股本方案的议案》，并同意将该议 案提交公司 2024 年度股东大会审议。 （二）监事会意见 公司监事会认为：公司 2024 年度利润分配及资本公积金转增股本预案与公 司业绩成长性相匹配，符合《公司章程》等相关法律法规对利润分配的相关要求， 未损害公司股东，尤其是中小股东的利益。监事会同意公司 2024 年度利润分配 及资本公积金转增股本预案，并同意将该预案提交 ...

Financial Performance - The company's operating revenue for 2024 reached ¥2,836,371,718.03, representing a 59.76% increase compared to ¥1,775,401,871.97 in 2023[22] - Net profit attributable to shareholders for 2024 was ¥732,937,910.53, a 55.27% increase from ¥472,032,916.88 in 2023[22] - The basic earnings per share for 2024 increased to ¥7.20, up 52.87% from ¥4.71 in 2023[22] - The total assets of the company at the end of 2024 were ¥2,838,230,240.19, a 72.70% increase from ¥1,643,404,487.37 at the end of 2023[22] - The company's net assets attributable to shareholders increased by 50.41% to ¥1,964,739,833.33 at the end of 2024, compared to ¥1,306,285,410.96 at the end of 2023[22] - The net cash flow from operating activities for 2024 was ¥496,547,078.36, a decrease of 14.00% from ¥577,371,714.05 in 2023[22] - The weighted average return on net assets for 2024 was 46.64%, an increase of 2.74 percentage points from 43.90% in 2023[22] - The net profit after deducting non-recurring gains and losses for 2024 was ¥725,489,370.50, up 55.54% from ¥466,442,546.88 in 2023[22] Market Trends - The global stainless steel vacuum cup market is expected to maintain stable growth in 2024, driven by increasing consumer demand for functionality and aesthetics[33] - The market for high-end stainless steel vacuum products is expanding, with significant potential in emerging markets such as Asia and Australia[33] - The demand for stainless steel vacuum products is shifting towards personalization, aesthetic design, and smart features, driving industry growth[37] - The global insulated container market is experiencing growth driven by increased consumer demand for portability, insulation performance, and durability in products like thermos cups[38] - The demand for stainless steel vacuum insulated containers has surpassed basic functionality, with brand, design, and personalization becoming key purchasing factors in developed markets[39] - The high-end thermos cup market is expected to maintain significant growth potential, driven by continuous investment in product innovation, smart design, and environmental concepts[40] Product Development and Innovation - The company is focusing on product innovation and supply chain management to enhance market competitiveness and reduce R&D costs[36] - The collaboration between manufacturers and brand operators is expected to deepen, promoting technological innovation and industry upgrades[36] - The company has completed the development of several new products, including highland heating thermal cups and carbon fiber paddles, aimed at expanding market share and increasing sales revenue[74] - The company plans to achieve mass production for several ongoing projects, including a square vacuum lunch box and a one-click sliding self-locking lid for thermal cups[75] - The company aims to leverage data-driven market insights to meet the evolving consumer demands for high-end, personalized, and sustainable products[40] Supply Chain and Production - The company has established a stable supply chain for raw materials, ensuring quality and cost control through a centralized procurement model[46] - The production model is based on sales forecasts, allowing for adjustments based on actual market conditions, enhancing operational efficiency[47] - The company primarily operates through OEM and ODM sales models, collaborating with international brands to enhance market presence and product competitiveness[48] - The company has invested in automation and intelligent production equipment, improving production efficiency and product quality[58] - The company has achieved a production rate of 98.1% for its current manufacturing operations[101] Financial Management and Investments - The company reported a significant increase in operating costs, with total costs amounting to ¥1,726,982,768.12, a 68.64% increase from ¥1,024,039,392.20 in the previous year[67] - Research and development expenses increased by 37.85% to ¥92,360,385.59, driven by enhanced R&D efforts and team expansion[73] - The company has invested ¥130,398,204.47 in a self-built factory project in Vietnam, with a cumulative investment of ¥203,914,950.64, indicating a completion rate of 98.62%[89] - The company raised a total of RMB 195.25 million through its initial public offering, with a net amount of RMB 156.05 million after deducting issuance costs[98] - The company plans to invest in a new production base with an annual capacity of 1 million stainless steel vacuum flasks, with a total investment of RMB 168 million[100] Governance and Compliance - The company has established strict management systems for foreign exchange derivative transactions to mitigate risks associated with market fluctuations[92] - The company’s internal audit department supervises compliance in derivative transactions to ensure adherence to risk management policies[92] - The company maintains independence from its controlling shareholder in terms of assets, personnel, finance, and operations, ensuring a complete business system[134] - The company has established specialized committees within the board to enhance governance and operational efficiency[129] - The company strictly adheres to information disclosure obligations, ensuring timely and accurate communication with investors[132] Employee Management and Development - The company has a total of 4,272 employees, with 3,645 in production, 58 in sales, and 448 in technical roles[171] - The company has implemented a cash dividend policy, distributing 30 RMB per 10 shares, totaling 311,607,900 RMB (including tax) in cash dividends[182] - The company emphasizes a performance-based compensation system to align employee incentives with company goals[173] - The company has established a training program with three modules covering professional knowledge, management skills, and mid-level management capabilities[174] - The number of R&D personnel increased by 73.81% from 252 in 2023 to 438 in 2024, with a notable rise in bachelor's degree holders by 213.33%[75] Strategic Outlook - The company aims to become a global leader in the insulated stainless steel container market, focusing on high-quality, eco-friendly products for consumers[106] - The company plans to enhance its manufacturing capabilities, product design, and smart manufacturing to drive revenue and profit growth[107] - By 2025, the company will implement a major client strategy, prioritizing resources for high-value clients and maintaining strong partnerships with well-known brands[109] - The company is expanding its production base in Vietnam to diversify its supply chain and enhance its international competitiveness[111] - The company is addressing international trade risks by optimizing its overseas market layout and enhancing supply chain resilience[117]

浙江嘉益保温科技股份有限公司 关于实际控制人之一致行动人、董事减持股份的预披露公告 | 证券代码：301004 | 证券简称：嘉益股份 | 公告编号：2025-003 | | --- | --- | --- | | 债券代码：123250 | 债券简称：嘉益转债 | | 公司实际控制人之一致行动人兼董事朱中萍、董事马靖保证向本公司提供的 信息内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 特别提示： 1、实际控制人之一致行动人朱中萍先生直接持有浙江嘉益保温科技股份有 限公司（以下简称"公司"、"本公司"或"嘉益股份"）股份 350,000 股，占本公司 总股本比例 0.3370%，通过武义嘉金投资管理合伙企业（有限合伙）间接持有公 司股票 3,000,000 股（占本公司总股本比例 2.8882%）。朱中萍先生拟通过集中 竞价交易或大宗交易等方式减持公司股份，拟减持公司股份数量不超过 87,500 股，即不超过公司总股本的 0.0842%，减持期间为本公告披露之日起 15 个交易 日后的 3 个月内（2025 年 2 月 27 日 ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [5]. Core Views - The company is expected to achieve a net profit attributable to shareholders of 7.25-7.45 billion yuan in 2024, representing a year-on-year increase of 54%-58% [3][4]. - In Q4 2024, the net profit is projected to be between 1.94-2.14 billion yuan, with a year-on-year growth of 23%-35% [3][4]. - The growth is supported by the trend of thermal cup popularity and the rapid release of new production capacity [3][4]. Financial Performance Summary - Total revenue for 2024 is estimated at 2,793 million yuan, up from 1,775 million yuan in 2023, indicating a significant growth trajectory [12]. - The gross profit margin is expected to be around 39% in 2024, slightly decreasing from 41% in 2023 [12]. - The company anticipates a net profit of 740 million yuan in 2024, with an EPS of 7.12 yuan [12]. Market Trends and Production Capacity - The North American thermal cup trend continues, with significant sales growth in related products on platforms like Amazon [5]. - The company's production capacity in Vietnam is ramping up, with the first phase already at full capacity and the second phase expected to be operational in 2025 [5]. - The company has implemented a restricted stock incentive plan, reflecting confidence in growth and aiming for substantial revenue and profit increases over the next few years [5].

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected relative return of over 20% within the next six months [5][17]. Core Insights - The company is expected to achieve a net profit attributable to shareholders of 1.9-2.1 billion in Q4 2024, representing a year-on-year growth of 23%-35%. The net profit for the entire year is projected to be 7.3-7.5 billion, reflecting a growth of 54%-58% [1]. - The company's stable growth is attributed to the improving industry conditions, increasing customer orders, and a focus on enhancing service quality and operational efficiency [1]. - The issuance of convertible bonds will fund the expansion of production capacity, particularly in Vietnam, which is expected to enhance supply chain security and meet customer demands more effectively [3]. Financial Projections - The company’s revenue is projected to grow from 1,259.54 million in 2022 to 4,002.21 million by 2026, with a compound annual growth rate (CAGR) of approximately 18.82% [4][12]. - The net profit attributable to shareholders is expected to increase from 271.91 million in 2022 to 1,081.13 million by 2026, indicating a significant growth trajectory [4][12]. - The report anticipates an EBITDA of 900.56 million in 2024, with a steady increase to 1,299.09 million by 2026 [4][12]. Market Position and Strategy - The company is positioned in the light industry manufacturing/home goods sector, focusing on stainless steel vacuum insulated cups, which are experiencing high demand [5]. - The company is enhancing its collaboration with major clients, which is expected to accelerate growth and improve market penetration [4][1]. - The introduction of new product lines and collaborations, such as the Stanley brand, is anticipated to broaden the customer base and enhance brand visibility [2].

Investment Rating - The report does not provide a specific investment rating for the company [1] Core Insights - The company is expected to achieve a net profit attributable to shareholders of 7.25-7.45 billion yuan for the year 2024, representing a year-on-year increase of 53.6% to 57.8%, with a median estimate of 7.35 billion yuan [1] - The fourth quarter net profit is projected to be between 1.94 and 2.14 billion yuan, reflecting a year-on-year growth of 22.6% to 35.3% [1] - The company is experiencing sustained high demand in the industry, with core customers continuing to increase orders, particularly from Stanley, which saw a 55.2% year-on-year increase in sales on Amazon's TOP100 list in Q4 [2] - The company is expanding its production capacity, with an expected addition of 1 billion units in 2024 and further projects in Vietnam [2] Financial Performance Summary - The total revenue for 2022 was 1,260 million yuan, increasing to 1,775 million yuan in 2023, and projected to reach 2,782 million yuan in 2024, representing a year-on-year growth rate of 115.1% in 2022 and 41.0% in 2023 [5] - The net profit attributable to shareholders was 272 million yuan in 2022, expected to rise to 732 million yuan in 2024, with a year-on-year growth rate of 230.9% in 2022 and 73.6% in 2023 [5] - The gross profit margin is projected to be 39.5% in 2024, slightly decreasing from 40.7% in 2023 [5] - The earnings per share (EPS) is expected to increase from 4.54 yuan in 2023 to 7.05 yuan in 2024 [5] Profit Forecast - The forecasted net profits for 2024, 2025, and 2026 are 7.3 billion yuan, 9.1 billion yuan, and 11.0 billion yuan respectively, with corresponding price-to-earnings (PE) ratios of 17.1X, 13.8X, and 11.5X [3]

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company's performance in the 2024 earnings forecast is in line with expectations, with a projected net profit of 725-745 million yuan, representing a year-on-year growth of 53.6%-57.8% [6] - The company is expanding its production capacity and successfully acquiring new customers, which is expected to drive revenue growth [6] - The global trend towards the consumption of insulated cups is in its early stages, with significant potential for product line extensions in the medium to long term [6] Financial Data and Profit Forecast - Total revenue is projected to grow from 1,775 million yuan in 2023 to 2,856 million yuan in 2024, reflecting a year-on-year growth rate of 60.9% [5] - The net profit is expected to increase from 472 million yuan in 2023 to 744 million yuan in 2024, with a year-on-year growth rate of 57.7% [5] - The company's earnings per share (EPS) is forecasted to rise from 4.71 yuan in 2023 to 7.17 yuan in 2024 [5] Market and Competitive Landscape - The insulated cup market in the U.S. remains robust, with high demand driven by consumer habits, and the company is well-positioned to benefit from this trend [6] - The company has established a new production base in Vietnam, which is expected to enhance its supply chain efficiency and customer retention [6] - The marketing strategies employed by Stanley, a key client, have successfully transformed insulated cups into fashionable items, further expanding market opportunities [6]

通过对2024年业绩预增50%以上的个股走势进行统计发现，预告发布后当日股价上涨的占比67.59%，股 价发布当日股价涨停的有22家。 预告发布后5日股价上涨的占比70.83%。 证券时报•数据宝统计显示，嘉益股份今日收于120.40元，下跌2.33%，日换手率为0.78%，成交额为 8942.18万元，近5日上涨1.83%。 证券时报网讯，嘉益股份（301004）1月22日发布2024年业绩预增公告，预计实现净利润为7.25亿元 ~7.45亿元，净利润同比增长53.59%~57.83%。 ...

Financial Performance - The net profit attributable to shareholders for 2024 is expected to be between 725 million and 745 million RMB, representing a year-on-year growth of 53.59% to 57.83%[3] - The net profit after deducting non-recurring gains and losses is projected to be between 720 million and 740 million RMB, indicating a year-on-year increase of 54.36% to 58.65%[3] - The financial data in the performance forecast is preliminary and has not been audited by the accounting firm[6] - The specific data for the 2024 annual performance will be detailed in the company's annual report[6] Operational Performance - The company has experienced stable growth in operating performance due to the continuous improvement in industry prosperity and increasing customer orders[5] - The scale effect from the company's expanding operations has led to improved production and operational efficiency through lean management practices[5] Strategic Focus - The company focuses on core business development and enhances cooperation with key customers to improve service quality and response speed[5] - The company emphasizes the importance of cautious decision-making and awareness of investment risks for investors[6]

两融数据显示，该股最新（1月17日）两融余额为4668.23万元，其中，融资余额为4607.68万元，近10日 减少194.24万元，环比下降4.05%。 证券时报网讯，嘉益股份股价创出历史新高，截至9:35，该股上涨2.64%，股价报129.48元，成交量9.43 万股，成交金额1216.45万元，换手率0.10%，该股最新A股总市值达134.49亿元，该股A股流通市值 123.88亿元。 证券时报•数据宝统计显示，嘉益股份所属的轻工制造行业，目前整体涨幅为0.48%，行业内，目前股价 上涨的有83只，涨幅居前的有四通股份、哈尔斯、华源控股等，涨幅分别为10.00%、6.58%、5.92%。 股价下跌的有71只，跌幅居前的有亚振家居、山鹰国际、新宏泽等，跌幅分别为8.15%、7.10%、 4.83%。 ...