Investment Rating - The investment rating for the company is "Buy" (maintained) [1][10]. Core Insights - The company's core business is experiencing strong growth, with significant performance improvements and a three-year dividend plan reflecting confidence in long-term development [2][3]. - The company reported a revenue of 1.017 billion yuan in 2024, representing a year-over-year increase of 24.65%, and a net profit attributable to shareholders of 84.65 million yuan, up 62.93% year-over-year [6]. - The company is expanding its overseas market presence, with overseas revenue reaching 134 million yuan in 2024, a year-over-year increase of 30.39% [6]. Financial Performance - The company expects revenues of 1.163 billion yuan in 2025, 1.256 billion yuan in 2026, and 1.320 billion yuan in 2027, with corresponding net profits of 110 million yuan, 133 million yuan, and 148 million yuan respectively [9][10]. - The gross profit margin for 2024 is projected at 29.97%, with a net profit margin of 8.32% [6]. - The company plans to distribute a cash dividend of 2 yuan for every 10 shares, totaling 29.34 million yuan, which is 34.66% of the net profit attributable to shareholders [6]. Business Segments - Revenue from gaming and amusement equipment sales is expected to reach 549 million yuan in 2024, with a gross margin of 27.44% [6]. - Revenue from anime IP derivative products is projected at 327 million yuan, with a gross margin of 42.75% [6]. - The amusement park operation segment is expected to generate 106 million yuan in revenue, although it shows a slight decline of 1.70% year-over-year [6][7].

证券代码：301011 证券简称：华立科技 公告编号：2025-022 广州华立科技股份有限公司 关于对外投资建设扩产项目的进展公告 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。 一、对外投资概述 广州华立科技股份有限公司（以下简称"公司"）于 2025 年 3 月 27 日召开 的第三届董事会第十四次会议、第三届监事会第十二次会议审议通过了《关于拟 对外投资建设扩产项目的议案》。根据公司中长期战略发展规划，为满足未来发 展需求，公司拟投资建设扩产项目（以下简称"项目"），项目投资总额预计不 低于人民币 1.4 亿元（含购买土地使用权款），公司将以自有或自筹资金方式出 资，用于项目的开发和运营。具体内容详见公司于 2025 年 3 月 29 日披露于巨潮 资讯网（http://www.cninfo.com.cn）的《关于拟对外投资建设扩产项目的公告》。 二、项目的进展情况 近日，公司按照法定程序参与了广州交易集团有限公司（广州公共资源交易 中心）组织的国有建设用地使用权网上挂牌出让活动，以人民币 28,735,700 元 竞得位于广州市石碁镇亚运大道南侧 9 ...

证券代码：301011 证券简称：华立科技 二、投资者问答交流环节 广州华立科技股份有限公司 投资者关系活动记录表 编号：2025-001 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 （2024年年报电话交流会） 参与单位名称及人员 姓名 广发证券、海富通基金、招商基金、国泰基金、长安基金 等机构投资者，共33人，参会人员名单详见附件。 时间 2025年4月8日 15:30-16:30 地点 线上交流（电话会议） 上市公司接待人员姓名 董事长兼总经理 苏本立先生 董事会秘书 华舜阳先生 财务总监 冯正春先生 证券事务代表 黄益女士 投资者关系活动主要 内容介绍 一、公司2024年度经营基本情况 2024年度，公司实现营业收入101,747.40万元，同比 增长24.65%，归属于上市公司股东的净利润8,465.17万 元，同比增长62.93%，加权平均净资产收益率达到11.81%， 每股收益0.58元。 分业务来看，游戏游艺设备销售收入54,894.66万元， 1 同比增长37.85%；主要系国内新兴创业者和跨界资本的涌 入，叠加老客 ...

海通证券股份有限公司关于广州华立科技股份有限公司 2024 年度定期现场检查报告 | 保荐机构名称：海通证券股份有限公司 被保荐公司简称： 华立科技 | | | | --- | --- | --- | | 保荐代表人姓名：雷浩 联系电话：021-23180000 | | | | 保荐代表人姓名：赵鹏 联系电话：021-23180000 | | | | 现场检查人员姓名：雷浩、张裕恒、蔡金羽、羊晟林、伊帅、方浩然 | | | | 现场检查对应期间：2024 年度 | | | | 现场检查时间：2025 年 03 月 03 日-2025 年 03 月 28 日 | | | | 一、现场检查事项 现场检查意见 | | | | （一）公司治理 是 否 | | 不适用 | | 现场检查手段：1、对上市公司董事、监事、高级管理人员及有关人员进行访谈；2、 | | | | 察看上市公司的主要生产、经营、管理场所；3、对有关文件、原始凭证及其他资料 | | | | 或者客观状况进行查阅、复制、记录、录音、录像、照相；4、检查或者走访对上市 | | | | 5、保荐人、保荐代表人认为的其他必要手段。 | 公司损益影响重大的控股 ...

海通证券股份有限公司关于广州华立科技股份有限公司 2024 年年度跟踪报告 | 保荐机构名称：海通证券股份有限公司 | 被保荐公司简称：华立科技 | | --- | --- | | 保荐代表人姓名：雷浩 | 联系电话：021-23180000 | | 保荐代表人姓名：赵鹏 | 联系电话：021-23180000 | 2 | | 存在差异的情况。 | 对文件中的不合规情 | | --- | --- | --- | | | | 形进行整改，并将整 改报告及时报送广东 | | | | 证监局。 | | 2、公司内部制度的建立和执行 | 无 | 不适用 | | 3、 "三会"运作 | 无 | 不适用 | | 4、控股股东及实际控制人变动 | 无 | 不适用 | | 5、募集资金存放及使用 | 资金使用与存放情况 披露不准确，公司募 | 企业对相关人员开展 | | | 公司在募集资金存放 | 内部培训提升依法合 | | | | 规履职意识，加强对 | | | 及使用方面存在募集 | 证券法律法规的学 | | | | 习，杜绝此类问题再 | | | | 次发生。同时公司针 | | | 投项目明细项目实际 | | | | ...

广州华立科技股份有限公司 关于公司为全资子公司提供担保的进展公告 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。 一、担保情况概述 广州华立科技股份有限公司（以下简称"公司"）于2025年3月27日召开第三 届董事会第十四次会议、第三届监事会第十二次会议，审议通过了《关于2025年 度对外担保额度预计的议案》，同意公司及下属子公司在2025年度向公司全资子 公司提供不超过人民币20,000万元（含等值外币，下同）的担保额度，担保方式 包括但不限于连带责任担保、抵押担保等。担保额度有效期限自公司董事会审议 通过之日起至次年年度董事会召开之日止，额度在授权期限内可循环使用。 根据《深圳证券交易所创业板股票上市规则》《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》及《广州华立科技股份有限公司 章程》（以下简称"《公司章程》"）等规定，本次公司及下属子公司为公司全 资子公司提供担保事项经董事会审议通过后，无需提交股东大会审议。具体内容 详见公司于2025年3月29日在巨潮资讯网披露的《关于2025年度对外担保额度预计 的公告》。 二、担保进展情 ...

海通证券股份有限公司关于广州华立科技股份有限公司 首次公开发行股票并上市 之保荐总结报告书 | 保荐机构名称： | 海通证券股份有限公司 | | --- | --- | | 保荐机构编号： | Z22531000 | 经中国证券监督管理委员会证监许可[2021]1631 号文批复，广州华立科技股份 有限公司（以下简称"上市公司"、"公司"或"发行人"）首次公开发行股票 2,170 万股， 每股面值人民币 1 元，每股发行价格人民币 14.20 元，募集资金总额为人民币 30,814.00 万元，扣除发行费用后，实际募集资金净额为人民币 26,569.79 万元。本 次发行证券已于 2021 年 6 月 17 日在深圳证券交易所创业板上市。海通证券股份有 限公司（以下简称"保荐机构"或"海通证券"）担任其持续督导保荐机构，持续督导 期间为 2021 年 6 月 17 日至 2024 年 12 月 31 日。 2024 年 12 月 31 日，持续督导期已届满，海通证券根据《证券发行上市保荐业 务管理办法》《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 ...

Macro Strategy - The March PMI data indicates three characteristics of economic recovery: the pre-positioning of work due to the Spring Festival, better recovery of manufacturing demand compared to supply, and weak consumer service consumption [1][30]. - The manufacturing PMI for March is 50.5%, showing a slight increase of 0.3 percentage points from the previous month, while the service PMI is at 50.3%, also up by 0.3 percentage points [1][30]. - The new order index for manufacturing increased by 0.7 points to 51.8%, indicating stronger demand recovery compared to supply [1][30]. Industry Insights - The report highlights the need for macro policies to be adjusted in response to potential economic pressures in the second quarter, particularly in exports and real estate [1][30]. - The construction industry PMI rose to 53.4%, reflecting seasonal recovery, but remains at a historically low level for this time of year [1][30]. - The report emphasizes the importance of monitoring the impact of tariff increases on exports and the ongoing trends in the real estate market [1][30]. Company Analysis - The report provides insights into various companies, including their performance forecasts and investment ratings, such as the significant growth in sales for Lao Pu Gold and the strategic partnerships for Jianghuai Automobile [9][15]. - Companies like Yubiquitous and Geli Pharmaceutical are noted for their innovative product developments and market potential, with investment ratings maintained at "buy" [11][12]. - Shanghai Pharmaceuticals reported a revenue of 275.25 billion yuan, reflecting a 5.75% year-on-year increase, with a net profit of 4.553 billion yuan, up 20.82% [14]. Financial Performance - The report indicates that the overall financial performance of companies is under scrutiny, with adjustments made to profit forecasts for several firms based on market conditions and operational challenges [15][19]. - Companies such as China Communications Construction Company and Orient Securities are highlighted for their revenue growth and strategic adjustments in response to market dynamics [22][23]. - The report also notes the importance of cash flow management and cost control in maintaining profitability amid fluctuating market conditions [22][24].

Core Insights - The company achieved a revenue of 1.017 billion yuan in 2024, representing a year-over-year increase of 24.65%, with a net profit attributable to shareholders of 85 million yuan, up 62.93% year-over-year [1] - The gross margin continued to recover, reaching 29.97% in 2024, an increase of 1.32 percentage points year-over-year, driven by high-margin equipment sales and improved profitability of anime IP derivatives [1] Revenue Breakdown - Equipment sales generated revenue of 549 million yuan in 2024, a year-over-year increase of 37.85%, accounting for 53.95% of total revenue [2] - Anime IP derivative products achieved revenue of 327 million yuan, up 26.14% year-over-year, representing 32.09% of total revenue [3] - The company's amusement park operations generated revenue of 106 million yuan, a slight decline of 1.70% year-over-year, accounting for 10.39% of total revenue [3] Profitability Metrics - The net profit margin for 2024 was 8.32%, an increase of 1.95 percentage points year-over-year, supported by effective cost control in sales, management, R&D, and financial expenses [1] - The gross margin for equipment sales was 27.44%, up 0.62 percentage points year-over-year, while the gross margin for anime IP derivatives was 42.75%, an increase of 1.60 percentage points year-over-year [2][3] Future Outlook - The company maintains earnings per share (EPS) forecasts for 2025-2027 at 0.71, 0.87, and 0.93 yuan, respectively, with corresponding price-to-earnings (PE) ratios of 38, 31, and 29 times [4] - The company is expected to continue leveraging its strengths in offline entertainment consumption and IP empowerment, with potential for gradual profit release [4]

Investment Rating - The report maintains a "Buy" rating for the company [6] Core Views - The company achieved a revenue of 1.017 billion yuan in 2024, representing a year-on-year growth of 24.65%, and a net profit attributable to shareholders of 84.65 million yuan, up 62.93% year-on-year [1] - The sales revenue from amusement equipment increased by 37.85% year-on-year to 549 million yuan, accounting for 53.95% of total revenue, with a gross margin of 27.44% [2] - The anime IP derivative products business generated revenue of 327 million yuan, growing 26.14% year-on-year, with a gross margin of 42.75% [3] - The amusement park operation business reported revenue of 106 million yuan, a slight decline of 1.70% year-on-year, but with an improved gross margin of 2.77% [4] Revenue Breakdown - Amusement equipment sales contributed 549 million yuan, 53.95% of total revenue, with a gross margin increase of 0.62 percentage points [2] - Anime IP derivative products generated 327 million yuan, 32.09% of total revenue, with a gross margin increase of 1.60 percentage points [3] - Amusement park operations accounted for 106 million yuan, 10.39% of total revenue, with a gross margin increase of 1.71 percentage points [4] Financial Forecast - The company is projected to achieve revenues of 1.14 billion yuan, 1.225 billion yuan, and 1.3 billion yuan for 2025, 2026, and 2027 respectively, with year-on-year growth rates of 12.0%, 7.5%, and 6.1% [4] - Net profit attributable to shareholders is expected to reach 970 million yuan, 1.1 billion yuan, and 1.23 billion yuan for the same years, with growth rates of 14.4%, 13.8%, and 11.3% respectively [4]