一、保荐工作概述 | 项 目 | 工作内容 | | --- | --- | | 1.公司信息披露审阅情况 | | | （1）是否及时审阅公司信息披露文件 | 是 | | （2）未及时审阅公司信息披露文件的次数 | 0 | | 2.督导公司建立健全并有效执行规章制度的情 | | | 况 | | | （1）是否督导公司建立健全规章制度（包括但 不限于防止关联方占用公司资源的制度、募集 | | | | 是 | | 资金管理制度、内控制度、内部审计制度、关 | | | 联交易制度） | | | （2）公司是否有效执行相关规章制度 | 是 | | 3.募集资金监督情况 | | | （1）查询公司募集资金专户次数 | 6 | | （2）公司募集资金项目进展是否与信息披露文 | 是 | | 件一致 | | | 4.公司治理督导情况 | | | （1）列席公司股东大会会次数 | 0，事前审阅相关文件 | | （2）列席公司董事会次数 | 0，事前审阅相关文件 | | （3）列席公司监事会次数 | 0，事前审阅相关文件 | | 5.现场检查情况 | | | （1）现场检查次数 | 0 | | （2）现场检查报告是否按照本所规定 ...

证券代码：301061 证券简称：匠心家居 公告编号：2024-037 常州匠心独具智能家居股份有限公司 2024年第二次临时股东大会决议公告 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。 重要提示： 1、本次股东大会无否决提案的情况； 2、本次股东大会不涉及变更以往股东大会已通过的决议； 3、本次股东大会对中小投资者进行了单独计票（中小投资者是指除上市公 司董事、监事、高级管理人员以及单独或者合计持有公司 5%以上股份的股东以 外的其他股东）。 一、会议召开和出席情况 （一）股东大会届次：2024 年第二次临时股东大会 （四）会议召开时间： 1、现场会议召开时间：2024 年 9 月 13 日（星期五）下午 14:30 2、网络投票时间：通过深圳证券交易所交易系统进行网络投票的时间为 2024 年 9 月 13 日上午 9:15-9:25，9:30-11:30，下午 13:00-15:00；通过深圳证券 交易所互联网系统投票的时间为 2024 年 9 月 13 日上午 9:15 至下午 15:00 的任 意时间。 （五）现场会议召开地点：江苏省常州市钟楼区 ...

北京市环球律师事务所 关于 常州匠心独具智能家居股份有限公司 2024 年第二次临时股东大会 北京市环球律师事务所 之 法律意见书 关于 常州匠心独具智能家居股份有限公司 2024 年第二次临时股东大会 之 法律意见书 GLO2024BJ（法）字第 09126 号 致：常州匠心独具智能家居股份有限公司 北京市环球律师事务所（以下简称"本所"）接受常州匠心独具智能家居股份 有限公司（以下简称"公司"）的委托，根据《中华人民共和国公司法》（以下简称 "《公司法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）、中国证券监督 管理委员会发布的《上市公司股东大会规则》等法律、法规、部门规章及《常州匠 心独具智能家居股份有限公司章程》（以下简称"《公司章程》"）的有关规定，指派 本所律师对公司 2024 年第二次临时股东大会（以下简称"本次股东大会"）进行见 证，并出具法律意见。 本法律意见书的出具已得到公司的如下保证：公司向本所律师提供的所有文 件及复印件均是真实、准确、完整和有效的，且无隐瞒、虚假和重大遗漏之处。 本所律师仅对本次股东大会的召集、召开程序、出席会议人员的资格、召集人 资格、会议表决程序及表决 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating a strong performance relative to the market [5]. Core Insights - The company reported better-than-expected performance in its 2024 interim results, with a revenue of 1.207 billion yuan, a year-on-year increase of 27.7%, and a net profit attributable to shareholders of 285 million yuan, up 41.8% [5][6]. - The growth in revenue is attributed to the steady expansion of new customers, new products, and new channels, with significant contributions from smart electric sofas and beds [5]. - Profitability improved due to enhanced gross margins driven by supply chain integration and product structure optimization, with a gross margin of 33.2% in H1 2024, an increase of 1.8 percentage points year-on-year [5][6]. Financial Summary - Total revenue for 2024 is projected to reach 2.471 billion yuan, with a year-on-year growth rate of 28.6% [6]. - The net profit for 2024 is estimated at 527 million yuan, reflecting a growth rate of 29.3% compared to the previous year [6]. - The company’s earnings per share (EPS) for 2024 is forecasted to be 3.17 yuan, with a projected price-to-earnings (PE) ratio of 16 times [6][8].

Investment Rating - The investment rating for the company is "Buy - A" with a target price of 66.3 CNY [3] Core Views - The company reported strong performance in Q2 2024, with revenue of 6.48 billion CNY, a year-on-year increase of 25.20%, and a net profit of 1.64 billion CNY, up 31.88% year-on-year [1][2] - The company is steadily advancing its overseas brand development, having acquired 49 new retail clients in H1 2024, with 6 being among the top 100 furniture retailers in the U.S. [2] - The gross margin for H1 2024 was 33.22%, an increase of 1.75 percentage points year-on-year, driven by an optimized product structure [2] Summary by Sections Financial Performance - In H1 2024, the company achieved revenue of 12.07 billion CNY, a growth of 27.67% year-on-year, and a net profit of 2.85 billion CNY, up 41.81% year-on-year [1] - The company declared a cash dividend of 5 CNY per 10 shares for H1 2024 [1] Product and Market Development - The revenue from electric sofas reached 9.35 billion CNY in H1 2024, a growth of 35.62% year-on-year, while electric beds generated 1.62 billion CNY, up 11.24% year-on-year [2] - The company has established over 100 small-scale "shop-in-shop" formats in U.S. retail locations as part of its long-term strategy to build its brand and distribution channels [2] Profitability and Cost Management - The net profit margin for H1 2024 was 23.64%, an increase of 2.36 percentage points year-on-year, attributed to gross margin growth and foreign exchange gains [2] - The company maintained a good control over operating expenses, with a total expense ratio of 7.37%, down 1.96 percentage points year-on-year [2] Future Projections - The company is expected to achieve revenues of 23.35 billion CNY, 28.21 billion CNY, and 33.88 billion CNY for the years 2024, 2025, and 2026, respectively, with corresponding net profits of 4.95 billion CNY, 6.01 billion CNY, and 7.21 billion CNY [6][7]

Investment Rating - The investment rating for the company is "Buy - A" with a target price of 66.3 CNY [3]. Core Views - The company continues to show strong performance with a revenue of 1.207 billion CNY in H1 2024, representing a year-on-year growth of 27.67%, and a net profit of 285 million CNY, up 41.81% year-on-year [1][2]. - The company is steadily advancing its overseas brand development, having acquired 49 new retail clients in H1 2024, with a significant portion being among the top 100 furniture retailers in the U.S. [2]. - The product structure is continuously optimized, with the revenue from electric sofas reaching 935 million CNY, a growth of 35.62% year-on-year [2]. Financial Performance Summary - In Q2 2024, the company achieved a revenue of 648 million CNY, a year-on-year increase of 25.20%, and a net profit of 164 million CNY, up 31.88% year-on-year [1]. - The gross margin for H1 2024 was 33.22%, an increase of 1.75 percentage points year-on-year, while the net profit margin was 23.64%, up 2.36 percentage points year-on-year [2]. - The company plans to distribute a cash dividend of 5 CNY per 10 shares to shareholders [1]. Customer and Market Expansion - The company has expanded its customer base significantly, with 78.43% of its retail clients in the U.S. being furniture retailers, and 56.19% of its total revenue coming from U.S. retail clients [2]. - The establishment of over 100 small-scale "store-in-store" setups in U.S. retail locations is part of the company's long-term strategy to enhance brand presence and sales [2]. Future Projections - Revenue projections for the company are expected to reach 2.3348 billion CNY in 2024, with a year-on-year growth of 21.51%, and net profit is projected to be 495.3 million CNY, also reflecting a growth of 21.58% [6][7]. - The company maintains a strong focus on R&D and cost control, which supports its profitability and competitive edge in the market [6].

[ T able_StockInfo] 2024 年 08 月 31 日 证券研究报告•2024 年中报点评 持有 （维持） 当前价：51.20 元 匠心家居（301061）轻工制造 目标价：——元（6 个月） 业绩表现亮眼，自主品牌持续拓展 [Table_Summary 事件：公司发布] 2024年中报。2024年 H1公司实现营收12.1亿元，同比+27.7%； 实现归母净利润 2.9亿元，同比+41.8%；实现扣非净利润 2.6亿元，同比+48.1%。 单季度来看，2024年 Q2公司实现营收 6.5亿元，同比+25.2％；实现归母净利 润 1.6亿元，同比+31.9%；实现扣非后归母净利润 1.4亿元，同比 28.9%。24 年 Q2 公司营收利润保持较快增长趋势。 费控良好，盈利能力保持较高水平。报告期内，公司整体毛利率为 33.2%，同 比+1.8pp；其中 2024 年 Q2 毛利率为 33.1%，同比+0.5pp；分产品看，2024 年 H1公司智能电动沙发毛利率为 33.9%（+1.7pp），智能电动床毛利率为 33.3% （+0.8pp），配件毛利率为 27.8%（+7.2pp）。分销售区 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook for its stock performance [1]. Core Insights - The company reported strong performance in the first half of 2024, achieving revenue of 1.207 billion yuan, a year-on-year increase of 27.67%, and a net profit attributable to shareholders of 285 million yuan, up 41.81% year-on-year [1]. - The gross profit margin for the first half of 2024 was 33.22%, an increase of 1.75 percentage points year-on-year [1]. - The company successfully expanded its customer base, adding 49 new retail customers, including 6 from the top 100 furniture retailers in the U.S. [1]. - The company is actively exploring its own brand development, having established over 100 small-scale shop-in-shop formats in U.S. retail locations [1]. - The company is expected to maintain high growth rates, with projected earnings per share of 3.08, 3.74, and 4.76 yuan for 2024, 2025, and 2026, respectively, corresponding to price-to-earnings ratios of 17X, 14X, and 11X [1]. Financial Performance Summary - For the first half of 2024, the company achieved a net profit margin of 21.33%, an increase of 2.95 percentage points year-on-year [1]. - The company’s operating revenue is projected to grow from 1.921 billion yuan in 2023 to 3.767 billion yuan in 2026, reflecting a compound annual growth rate [4]. - The net profit is expected to rise from 407.39 million yuan in 2023 to 791.27 million yuan in 2026, indicating strong profitability growth [4]. - The gross margin is forecasted to improve slightly from 33.95% in 2023 to 34.95% in 2026 [4].

证券研究报告 | 半年报点评 gszqdatemark 2024 08 31 年 月 日 匠心家居（301061.SZ） 逆势份额提升、店中店放量可期，业绩超预期 公司发布 2024 半年报：2024H1 实现收入 12.07 亿元（同比+27.7%），归母净利 润实现 2.85 亿元（同比+41.8%），扣非净利润实现 2.58 亿元（同比+48.1%）； Q2 实现收入 6.48 亿元（同比+25.2%），归母净利润实现 1.64 亿元（同比+31.9%）， 扣非净利润实现 1.44 亿元（同比+28.9%）。受益于产品力优异、渠道创新，收入 延续稳健增长；利润表现靓丽主要系公司费用管控优异且理财投资收益贡献约 0.25 亿元。 老客户份额提升、新客户加速扩张，份额逆势提升。根据 Wind 数据，2024H1 美 国家居零售商/批发商销售额同比分别-7.3%/-3.7%，海外终端表现疲软，且 Q2 全 球海运高涨、运力紧张，公司逆势强势扩张份额，H1 智能电动沙发/床同比增长 35.6%/11.2%。表现优异主要系公司产品力优异、老客户供应份额提升，TOP30 客户中 22 位交易金额同比上涨，TOP10 ...

Investment Rating - The report maintains a "Buy" rating for the company [2] Core Views - The company has shown significant growth in revenue and net profit, with a year-on-year increase of 27.67% in revenue and 41.81% in net profit for the first half of 2024 [3] - The company is successfully implementing a "store-in-store" model, which is contributing to customer growth and new client acquisition [3] - The company has a strong presence in the U.S. market, with 90.05% of its products sold there, and has established over 100 small-scale store-in-store setups in U.S. retail locations [3] Financial Performance - For the first half of 2024, the company reported revenue of 1.207 billion yuan and a net profit of 285 million yuan, with respective year-on-year growth rates of 27.67% and 41.81% [3] - The gross margin for the first half of 2024 was 33.22%, an increase of 1.75 percentage points compared to the previous year [4] - The company expects revenue to grow to 2.401 billion yuan in 2024, with an estimated EPS of 3.04 yuan per share [5][6] Customer and Market Expansion - The company has successfully increased its customer base, adding 49 new retail clients in the first half of 2024, including six from the top 100 furniture retailers in the U.S. [3] - The company’s core products, such as smart electric sofas and beds, have seen double-digit growth, with smart electric beds showing particularly strong performance [3] Profitability and Cost Management - The net profit margin improved to 23.64% in the first half of 2024, up 2.36 percentage points year-on-year, indicating effective cost management [4] - The company’s sales and management expense ratios have slightly increased, attributed to higher share-based payment expenses and marketing efforts [4] Future Outlook - The company is expected to continue its growth trajectory, with revenue projections of 3.024 billion yuan in 2025 and 3.834 billion yuan in 2026, alongside an EPS forecast of 4.76 yuan per share in 2026 [5][6]