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。 江阴标榜汽车部件股份有限公司（以下简称"公司"）于2024年2月1日召开了 第三届董事会第三次会议、第三届监事会第三次会议，并于2024年2月20日召开 了2024年第一次临时股东大会，审议通过了《关于使用部分闲置募集资金和部分 闲置自有资金进行现金管理的议案》，同意公司在不影响公司募投项目投资建设 和公司正常经营的情况下，使用不超过人民币40,000.00万元的部分闲置募集资金 （含超募资金）和不超过人民币80,000.00万元的部分闲置自有资金进行现金管理， 使用期限自2024年第一次临时股东大会审议通过之日起12个月内有效。在上述额 度和期限内，资金可循环滚动使用。具体内容详见公司2024年2月2日及2024年2 月20日披露于巨潮资讯网（http://www.cninfo.com.cn）的相关公告。 现将公司近日使用部分闲置募集资金进行现金管理的相关事宜公告如下： 江阴标榜汽车部件股份有限公司 | 序 | 受托方 | 产品名称 | 产品类型 | 金额（万元）收益起算日 | | 产品到期日 | 预计年化 | ...

证券代码：301181 证券简称：标榜股份 公告编号：2024-063 江阴标榜汽车部件股份有限公司 关于股份回购进展情况的公告 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。 江阴标榜汽车部件股份有限公司（以下简称"公司"）于 2024 年 3 月 12 日、 2024 年 3 月 29 日分别召开第三届董事会第四次会议和第三届监事会第四次会 议、2024 年第二次临时股东大会，审议通过了《关于回购公司股份方案的议案》， 同意公司使用自有资金以集中竞价交易方式回购公司已发行的人民币普通股（A 股）股票，本次回购的股份将全部予以注销并相应减少注册资本。本次回购的资 金总额不低于 1,500 万元（含本数）且不超过 3,000 万元（含本数），回购价格 不超过 30 元/股（含本数），具体回购股份的数量以回购实施完毕时实际回购的 股份数量为准。本次回购期限自 2024 年第二次临时股东大会审议通过之日起 12 个月内。具体内容详见公司于 2024 年 3 月 13 日、2024 年 4 月 8 日在巨潮资讯 网（www.cninfo.com.cn）披露的《关于回 ...

Investment Rating - The report maintains a "Buy-A" rating for the company [2][4]. Core Views - The company reported a revenue of 359 million yuan for Q3 2024, a year-on-year decrease of 12.64%, and a net profit attributable to shareholders of 89 million yuan, down 20.54% year-on-year [1]. - Q3 2024 revenue was 111 million yuan, reflecting a 24.70% decline year-on-year and a 9.79% decline quarter-on-quarter, primarily due to decreased sales from key customer FAW-Volkswagen and underperformance from new energy clients [1]. - The comprehensive gross margin for Q3 2024 was 33.56%, down 4.26 percentage points year-on-year but up 2.49 percentage points quarter-on-quarter [1]. - The report highlights multiple factors driving future growth, including the expanding industry space for nylon pipelines, new customer acquisitions in the new energy sector, and increased overseas business [2]. Financial Summary - The company is projected to achieve net profits of 120 million yuan, 130 million yuan, and 150 million yuan for 2024, 2025, and 2026 respectively, with corresponding PE ratios of 23.0, 20.0, and 17.8 [2][4]. - The target price for the stock is set at 25 yuan per share, based on a 25x PE for 2024 [2][4]. - The company’s total market capitalization is approximately 2.68 billion yuan, with a circulating market capitalization of about 894.66 million yuan [4]. Performance Metrics - The company’s revenue for 2022 was 570 million yuan, with a net profit of 120 million yuan and an EPS of 1.04 yuan [3]. - The projected revenue for 2024 is 510 million yuan, with a net profit of 120 million yuan and an EPS of 1.00 yuan [4][5]. - The company’s net profit margin is expected to be around 22.7% in 2024, with a return on equity (ROE) of 7.9% [4][5]. Market Context - The report emphasizes the advantages of nylon pipelines in the new energy vehicle sector, including lightweight, ease of processing, and installation, which are expected to drive broader application in thermal management systems [2]. - The company has successfully expanded its customer base to include major players in the new energy sector, enhancing its growth prospects [2].

Financial Performance - The company's operating revenue for Q3 2024 was ¥111,133,013.41, a decrease of 24.70% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was ¥27,510,467.00, down 32.53% year-over-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥20,831,017.92, a decline of 41.47% compared to the previous year[2]. - The basic earnings per share for Q3 2024 was ¥0.24, representing a decrease of 31.43% from the same period last year[2]. - Total operating revenue for the current period was 359,435,772.28, a decrease of approximately 12.6% compared to 411,462,481.26 in the previous period[14]. - Net profit for the current period was 88,782,861.90, down from 111,741,670.37, indicating a decline of approximately 20.5%[15]. - Earnings per share (EPS) for the current period was 0.76, compared to 0.96 in the previous period, representing a decrease of 20.8%[16]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,565,065,738.33, a decrease of 1.47% from the end of the previous year[2]. - The company's total current assets amount to RMB 1,387,796,398.43, showing a slight decrease from RMB 1,416,481,877.00 in the previous period[12]. - The company's total assets are reported at RMB 1,565,065,738.33, down from RMB 1,588,398,629.26[12]. - The company’s total liabilities decreased to RMB 148,652,855.29 from RMB 176,453,988.35, indicating a reduction of approximately 15.8%[12]. - Total liabilities amounted to 156,201,428.69, a decrease from 181,007,247.37, reflecting a reduction of about 13.7%[15]. - The total non-current liabilities increased to 7,548,573.40 from 4,553,259.02, representing an increase of approximately 65.5%[15]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥78,544,080.76, a decrease of 29.73% compared to the same period last year[2]. - Cash inflow from operating activities totaled 441,612,700.88, a decrease from 449,980,931.75 in the previous period, reflecting a decline of approximately 1.5%[17]. - Net cash flow from operating activities was 78,544,080.76, down from 111,772,697.01, indicating a decrease of approximately 29.6% year-over-year[18]. - Total cash inflow from investment activities was 953,819,220.62, compared to 973,339,424.57, reflecting a decline of about 2.0%[18]. - Net cash flow from investment activities was 4,871,347.44, a significant recovery from a negative cash flow of -79,959,927.24 in the previous period[18]. - Cash flow from financing activities resulted in a net outflow of -87,733,027.53, compared to -54,000,000.00, representing an increase in outflow of approximately 62.1%[18]. - The ending balance of cash and cash equivalents was 120,267,905.96, down from 237,823,635.96, indicating a decrease of about 49.5%[18]. Shareholder Equity and Repurchase - The equity attributable to shareholders at the end of the reporting period was ¥1,405,875,240.42, down 0.11% from the previous year[2]. - The company plans to repurchase shares with a total amount not less than RMB 15 million and not exceeding RMB 30 million, with a maximum repurchase price of RMB 30 per share[9]. - As of September 30, 2024, the company has repurchased a total of 750,027 shares, accounting for 0.64% of the total share capital[10]. - The company has approved a share repurchase plan that will last for 12 months from the date of the shareholders' meeting[9]. - Total equity attributable to shareholders of the parent company was 1,405,875,240.42, slightly down from 1,407,391,381.89, indicating a decrease of approximately 0.1%[15]. Operational Costs and Expenses - Total operating costs decreased to 286,843,466.78 from 299,211,893.74, reflecting a reduction of about 4.4%[14]. - Research and development expenses increased to 20,602,019.29 from 19,031,065.24, marking an increase of about 8.3%[15]. - The company reported a financial income of 22,654,883.50, up from 15,276,844.64, indicating an increase of about 48.5%[15]. - The company reported a loss of ¥133,398.78 from the disposal of non-current assets, mainly due to fixed asset disposal losses[3]. - The company received government subsidies amounting to ¥1,902,000.00 during the reporting period, primarily related to normal business operations[3]. Inventory and Receivables - The company's inventory increased to RMB 107,419,692.75 from RMB 101,462,035.72, indicating a growth of approximately 5.5%[12]. - Accounts receivable decreased to RMB 70,483,904.93 from RMB 82,890,837.19, reflecting a decline of about 15%[11]. - The company’s fixed assets increased slightly to RMB 131,537,802.49 from RMB 130,377,798.72[12]. - The company's cash and cash equivalents stand at RMB 130,313,238.89, compared to RMB 131,320,731.68 previously[11].

因公司实施 2023 年年度权益分派及 2024 年半年度权益分派，根据公司回购 股份方案，回购股份价格上限由不超过 30.00 元/股（含本数）调整为不超过 29.35 元/股（含本数）。具体内容详见公司于 2024 年 5 月 17 日、2024 年 8 月 29 日在 巨潮资讯网披露的《关于 2023 年年度权益分派实施后调整回购股份价格上限的 公告》（公告编号：2024-039）、《关于 2024 年半年度权益分派实施后调整回 购股份价格上限的公告》（公告编号：2024-059）。 根据《上市公司股份回购规则》《深圳证券交易所上市公司自律监管指引第 9 号——回购股份》（以下简称"《回购指引》"）等有关规定，公司应当在回购 股份期间每个月的前三个交易日内披露截至上月末的回购进展情况。现将公司截 至上月末的回购进展情况公告如下： 江阴标榜汽车部件股份有限公司 关于股份回购进展情况的公告 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。 江阴标榜汽车部件股份有限公司（以下简称"公司"）于 2024 年 3 月 12 日、 2024 年 3 月 29 日分别召 ...

证券代码：301181 证券简称：标榜股份 公告编号：2024-060 江阴标榜汽车部件股份有限公司 关于股份回购进展情况的公告 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。 江阴标榜汽车部件股份有限公司（以下简称"公司"）于 2024 年 3 月 12 日、 2024 年 3 月 29 日分别召开第三届董事会第四次会议和第三届监事会第四次会 议、2024 年第二次临时股东大会，审议通过了《关于回购公司股份方案的议案》， 同意公司使用自有资金以集中竞价交易方式回购公司已发行的人民币普通股（A 股）股票，本次回购的股份将全部予以注销并相应减少注册资本。本次回购的资 金总额不低于 1,500 万元（含本数）且不超过 3,000 万元（含本数），回购价格 不超过 30 元/股（含本数），具体回购股份的数量以回购实施完毕时实际回购的 股份数量为准。本次回购期限自 2024 年第二次临时股东大会审议通过之日起 12 个月内。具体内容详见公司于 2024 年 3 月 13 日、2024 年 4 月 8 日在巨潮资讯 网（www.cninfo.com.cn）披露的《关于回 ...

证券代码：301181 证券简称：标榜股份 公告编号：2024-059 江阴标榜汽车部件股份有限公司 关于 2024 年半年度权益分派实施后 调整回购股份价格上限的公告 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。 1、调整前回购股份价格上限：29.50 元/股。 2、调整后回购股份价格上限：29.35 元/股。 3、回购股份价格上限调整生效日期：2024 年 9 月 4 日。 公司 2024 年半年度权益分派方案已获 2024 年 8 月 20 日召开的第三届董事 会第八次会议审议通过。公司 2024 年半年度权益分派方案为：以实施权益分派 股权登记日的股份总数（扣除公司回购专用证券账户中的股份）为基数，向全体 股东每 10 股派发现金红利人民币 1.50 元（含税），不送红股，不以公积金转增 股本，剩余未分配利润结转至以后年度。本次权益分派股权登记日为：2024 年 9 月 3 日，除权除息日为：2024 年 9 月 4 日。 本次权益分派实施后，根据股票市值不变原则，实施权益分派前后公司总股 本保持不变。每股现金红利=现金分红总额/总股本（含回购专用账 ...

Investment Rating - The report maintains a "Buy - A" rating for the company [3][7]. Core Views - The company reported a revenue of 248 million yuan for H1 2024, a decrease of 5.9% year-on-year, and a net profit of 61 million yuan, down 13.64% year-on-year [1]. - The decline in revenue is attributed to a drop in sales from the core customer, FAW-Volkswagen, which saw a 28.12% year-on-year decrease in Q2 2024 [2]. - Despite the challenges, the company is expanding its new energy business and overseas operations, which are expected to drive future growth [3]. Financial Performance Summary - In Q2 2024, the company achieved a revenue of 123 million yuan, down 10.38% year-on-year and 1.53% quarter-on-quarter [2]. - The gross margin for Q2 2024 was 31.07%, a decline of 4.77 percentage points year-on-year [2]. - The net profit for Q2 2024 was 29 million yuan, reflecting a year-on-year decrease of 28.17% [2]. - The company expects net profits of 120 million yuan, 140 million yuan, and 160 million yuan for 2024, 2025, and 2026 respectively, with corresponding PE ratios of 19.2, 17.6, and 14.6 [3]. Growth Drivers - The company is focusing on expanding its nylon pipeline applications in new energy vehicles, which are lightweight and easy to process [3]. - New customer acquisitions in the new energy sector, including partnerships with BYD, Leap Motor, and others, are expected to contribute to revenue growth [3]. - The overseas business is also anticipated to grow, with significant cost advantages and new client acquisitions [3].

一、董事会会议召开情况 江阴标榜汽车部件股份有限公司（以下简称"公司"）第三届董事会第八次会 议于 2024 年 8 月 20 日（星期二）在公司会议室以现场的方式召开。公司董事会 会议通知已于 2024 年 8 月 9 日通过邮件的方式送达各位董事。本次会议应出席 董事 7 人，实际出席董事 7 人。本次董事会由董事长赵奇主持，监事、高级管理 人员及证券事务代表列席。会议召开符合有关法律、法规、规章和《公司章程》 的规定。 二、董事会会议审议情况 经与会董事认真审议，充分讨论，审慎表决，会议通过以下议案： 证券代码：301181 证券简称：标榜股份 公告编号：2024-054 江阴标榜汽车部件股份有限公司 第三届董事会第八次会议决议公告 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。 具体内容详见公司同日披露于巨潮资讯网（http://www.cninfo.com.cn）的《关 于公司 2024 年半年度利润分配方案的公告》（公告编号：2024-056）。 （一）审议通过《关于<2024 年半年度报告>及其摘要的议案》 经审议，董事会认为：公司《2024 年 ...

中信建投证券股份有限公司 关于江阴标榜汽车部件股份有限公司 2024 年上半年度跟踪报告 | 保荐机构名称：中信建投证券股份有限公司 | 被保荐公司简称：标榜股份 | | --- | --- | | 保荐代表人姓名：蒋潇 | 联系电话：021-68801587 | | 保荐代表人姓名：付新雄 | 联系电话：021-68827384 | | 公司及股东承诺事项 | 是否 履行承诺 | 未履行承诺的原因及解决措施 | | --- | --- | --- | | 1.公司控股股东标榜网络承诺： | 是 | 不适用 | | "（1）自公司股票上市之日起 36 个月内， | | | | 不转让或者委托他人管理本企业直接或间 | | | | 接持有的公司首次公开发行股票前已发行 | | | | 的股份，也不由公司回购本企业直接或间 | | | | 接持有的首次公开发行股票前已发行的股 | | | | 份。 | | | | （2）本承诺函出具后，若适用于本企业的 | | | | 其他相关法律、法规、规章、规范性文件 | | | | 对本企业持有的公司股份减持有其他规定 | | | 2 | 公司及股东承诺事项 | 是否 | ...