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 ...

Investment Rating - The investment rating for the company is "Buy" [1] Core Insights - The company reported a revenue of 1.99 billion yuan for the first three quarters of 2024, representing a year-on-year increase of 61.6%. The net profit attributable to shareholders reached 530 million yuan, up 69.2% year-on-year [1] - The company has maintained stable profitability, with an overall gross margin of 39.5% for the first three quarters of 2024, a slight increase of 0.2 percentage points year-on-year. The net profit margin for the same period was 26.7%, up 1.2 percentage points year-on-year [2] - A stock incentive plan was announced, aiming to establish a long-term incentive mechanism by granting 1.1937 million restricted shares at a price of 48.31 yuan per share, which is about 1.15% of the total share capital [3] - Earnings per share (EPS) for 2024, 2025, and 2026 are projected to be 6.99 yuan, 8.58 yuan, and 10.46 yuan, respectively, with corresponding price-to-earnings (PE) ratios of 16x, 13x, and 11x [3] Financial Performance Summary - For 2023, the company is expected to achieve a revenue of 1.775 billion yuan, with a growth rate of 40.96%. The net profit attributable to shareholders is projected to be 472 million yuan, reflecting a growth rate of 73.60% [4] - The company anticipates a revenue of 2.729 billion yuan in 2024, representing a growth rate of 53.72%, and a net profit of 726 million yuan, with a growth rate of 53.83% [4] - The gross margin is expected to remain stable, with projections of 40% for 2024, 40.3% for 2025, and 40.5% for 2026 [6] Business Segmentation - The revenue from stainless steel vacuum insulated containers is projected to be 2.617 billion yuan in 2024, with a year-on-year growth of 55% [6] - Revenue from other business segments is expected to reach 60.08 million yuan in 2024, with a year-on-year growth of 20% [7]

证券代码：301004 证券简称：嘉益股份 公告编号：2024-062 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募集说明书提示性公告 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、 误导性陈述或者重大遗漏。 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"） 向不特定对象发行人民币 39,793.84 万元可转换公司债券（以下简称"可转债"或"嘉 益转债"）已获得中国证券监督管理委员会（以下简称"中国证监会"）证监许可〔2023〕 2740 号文同意注册。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）"）担任本次可转债发行的保荐人（主承销商）。 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公司（以下简称"中国结算深圳分公 司"）登记在册的原股东实行优先配售，原股东优先配售后余额部分（含原股东放弃优 先配售部分）通过深圳证券交易所（以下简称"深交所"）交易系统网上向社会公众投 资者发行。 本 ...

证券代码：301004 证券简称：嘉益股份 公告编号：2024-061 浙江嘉益保温科技股份有限公司 表决结果：同意票 3 票，反对票 0 票，弃权票 0 票，议案获得通过。 第三届监事会第九次会议决议公告 本公司及监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、监事会会议召开情况 浙江嘉益保温科技股份有限公司（以下简称"公司"）第三届监事会第九次 会议于 2024 年 11 月 4 日在公司会议室召开，会议以现场方式进行召开。会议通 知已于 2024 年 10 月 30 日以电子邮件和电话方式发出。会议应到监事 3 人，实 到 3 人。会议由监事会主席曾涛先生主持，会议的召开符合《公司法》和《公司 章程》的规定，会议合法有效。 二、监事会会议审议情况 经出席会议的监事认真审议，表决通过了如下决议： （一）审议通过《关于进一步明确公司向不特定对象发行可转换公司债券 方案的议案》 2、债券期限 公司监事会逐项审议通过了本次向不特定对象发行可转换公司债券的发行 具体方案，主要内容如下： 1、发行规模 本次发行可转债募集资金总额为人民币 39,793.84 万元，发行数 ...