前十大流通股东累计持有： 812.16万股，累计占流通股比： 27.25%，较上期变化： -112.16万股。 | 名称 | 持有数量(万股) | 占总股本比 | 增减情况 | | --- | --- | --- | --- | | | | 例(%) | (万股) | | 香港中央结算有限公司 | 172.53 | 5.79 | -134.65 | | 东海证券-工商银行-东海证券创业板涛涛车业（301345）1号 | | | | | 战略配售集合资产管理计划 | 172.38 | 5.79 | -3.37 | | 东方红智华三年持有混合A | 77.28 | 2.59 | 不变 | | 东方红新动力（300152）混合A | 73.83 | 2.48 | -0.87 | | 中信证券资产管理(香港)有限公司-客户资金 | 72.20 | 2.42 | -5.91 | | 上海聚鸣投资管理有限公司-聚鸣匠传6号私募证券投资基金 | 58.45 | 1.96 | 新进 | | 东方红京东大数据混合A | 56.26 | 1.89 | 不变 | | 上海聚鸣投资管理有限公司-聚鸣匠传3号私募证券投资基金 | 49 ...

Financial Performance - The company's operating revenue for 2024 reached ¥2,976,628,778.17, representing a 38.82% increase compared to ¥2,144,246,144.30 in 2023[23]. - The net profit attributable to shareholders for 2024 was ¥431,263,318.48, a 53.76% increase from ¥280,478,422.30 in the previous year[23]. - The net profit after deducting non-recurring gains and losses for 2024 was ¥420,714,777.49, up 55.80% from ¥270,028,642.27 in 2023[23]. - The company's total assets at the end of 2024 were ¥4,538,588,836.36, a 19.83% increase from ¥3,787,483,622.84 at the end of 2023[23]. - The basic earnings per share for 2024 were ¥3.96, reflecting a 44.53% increase from ¥2.74 in 2023[23]. - The weighted average return on equity for 2024 was 14.19%, up from 11.62% in 2023[23]. - The net cash flow from operating activities for 2024 was ¥212,498,805.92, a 20.26% increase from ¥176,694,757.71 in 2023[23]. - The company's net assets attributable to shareholders at the end of 2024 were ¥3,180,756,918.57, an 8.12% increase from ¥2,941,832,414.59 at the end of 2023[23]. - The company reported a quarterly revenue of ¥519,895,243.01 in Q1, ¥870,845,997.92 in Q2, ¥829,465,832.73 in Q3, and ¥756,421,704.51 in Q4 of 2024[26]. - The net profit attributable to shareholders in Q4 was ¥129,902,673.17, showing a strong performance in the last quarter of the year[26]. Market Expansion and Product Development - The company is actively involved in research and development of new products and technologies to enhance its competitive edge[6]. - The company is exploring market expansion opportunities and potential mergers and acquisitions to drive growth[6]. - The company achieved a sales volume of over 20,000 units for electric golf carts in 2024, representing a growth of over 900% compared to 2023[41]. - The company is developing a range of new products, including electric camping vehicles and off-road electric bicycles, to diversify its product offerings and meet consumer demand[104]. - The company is expanding its product matrix by developing customized solutions for commercial logistics and municipal services, while also focusing on high-displacement all-terrain vehicles and electric bicycles[145]. - The company is focusing on high-end product lines to enhance profitability while exploring new market areas through continuous R&D innovation[63]. Governance and Risk Management - The company has a comprehensive governance structure, with all board members present for the meeting to review the annual report[5]. - The report highlights the company's commitment to ensuring the accuracy and completeness of financial reports, with key personnel affirming their responsibility[5]. - The company emphasizes the importance of risk awareness regarding future plans and development strategies, which do not constitute profit forecasts or commitments to investors[6]. - The company has implemented strict risk control measures for foreign exchange derivative transactions to mitigate market and internal control risks[120]. - The company is exposed to foreign exchange risks due to fluctuations in the RMB exchange rate and plans to implement measures to mitigate these risks[150]. - The company is monitoring international trade tensions, particularly with the US, which could impact export sales and profitability[151]. Shareholder Engagement and Dividends - The company plans to distribute a cash dividend of 15 CNY per 10 shares to all shareholders, based on a total share capital of 108,631,741 shares[6]. - The company distributed a cash dividend of 15.00 yuan per 10 shares, totaling 163,335,661.50 yuan (including tax) to shareholders[200]. - The annual shareholders' meeting held on May 13, 2024, had a participation rate of 77.36%, approving multiple key proposals including the annual financial report and profit distribution plan[172]. - The first temporary shareholders' meeting of 2024 on July 24, 2024, had a participation rate of 75.63%, approving changes to share repurchase purposes and investment adjustments[172]. Research and Development - The company plans to invest in research and development to support new product and technology initiatives[1]. - Research and development expenses increased by 43.14% to ¥125,466,810.61, primarily due to increases in direct materials, employee compensation, and share-based payment expenses[101]. - The number of R&D personnel rose by 8.21% to 290, while the proportion of R&D personnel to total employees decreased to 12.48%[105]. - The company plans to increase R&D investment, particularly in high-displacement all-terrain vehicles and engines, while also establishing overseas R&D teams[147]. Manufacturing and Supply Chain - The company’s manufacturing strategy integrates production across China, Southeast Asia, and North America, enhancing its global supply chain capabilities[63]. - The company has established a global production capacity layout system comprising "China + Southeast Asia + North America," with significant progress in local manufacturing in Texas, USA[67]. - The company operates three factories in Texas, Florida, and California, aiming for localized production of components and vehicles to enhance supply chain stability and reduce delivery times[81]. - The company has invested in advanced manufacturing equipment, including automated welding robots and CNC machining centers, to enhance production efficiency and product quality[88]. Employee and Management Structure - The company has a total of 2,323 employees, with 1,757 in the parent company and 566 in major subsidiaries[196]. - The employee composition includes 1,618 production personnel, 180 sales personnel, 290 technical personnel, 47 financial personnel, and 188 administrative personnel[196]. - The company has implemented a training system combining external and internal training to enhance employee skills and promote career development[199]. - The company has a total of 28,960,000 shares held by directors and senior management, with a recent increase of 60,000 shares[175]. - The company has maintained a stable governance structure, with no reported changes in the management team during the reporting period[175]. Strategic Outlook - The company aims to become a leading global brand in the smart electric mobility sector, focusing on electric low-speed vehicles and special vehicles, with a strategy centered on "electrification + intelligence" for product upgrades[142]. - The company focuses on "new energy intelligent travel," specializing in smart electric low-speed vehicles and special vehicles, including electric golf carts, bicycles, scooters, and all-terrain vehicles[166]. - The company is committed to maintaining transparency and accountability in its corporate governance practices[176].

Financial Performance - The company's revenue for Q1 2025 reached ¥639,259,166.21, representing a 22.96% increase compared to ¥519,895,243.01 in the same period last year[5] - Net profit attributable to shareholders was ¥86,210,358.92, a significant increase of 69.46% from ¥50,873,633.37 year-over-year[5] - The basic earnings per share rose to ¥0.79, up 68.09% from ¥0.47 in the previous year[5] - Total operating revenue for the current period reached ¥639,259,166.21, an increase of 23% compared to ¥519,895,243.01 in the previous period[20] - Net profit for the current period was ¥86,208,301.91, representing a significant increase of 69.5% from ¥50,873,633.37 in the previous period[21] - Basic earnings per share increased to ¥0.79, compared to ¥0.47 in the previous period, marking a growth of 68.1%[22] - The total comprehensive income for the current period was ¥84,359,344.36, up from ¥51,676,447.46, indicating a growth of 63.2%[22] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 12.01% to ¥220,368,740.40, down from ¥250,443,927.39 in Q1 2024[5] - Cash flow from operating activities was ¥784,295,977.40, compared to ¥761,101,358.44 in the previous period, showing an increase of 3%[24] - Operating cash inflow totaled $867.1 million, an increase from $821.9 million year-over-year[25] - Net cash flow from operating activities was $220.4 million, down from $250.4 million year-over-year[25] - Cash and cash equivalents at the end of the period amounted to $1.77 billion, down from $2.33 billion year-over-year[26] - Cash outflow for dividend distribution and interest payments was $57.4 million, significantly higher than $3.7 million year-over-year[26] Assets and Liabilities - Total assets at the end of Q1 2025 were ¥4,703,988,123.13, reflecting a 3.64% increase from ¥4,538,588,836.36 at the end of the previous year[5] - The company's equity attributable to shareholders increased by 1.03% to ¥3,213,409,968.00 from ¥3,180,756,918.57 at the end of the last year[5] - Total liabilities rose to ¥1,490,510,797.53, up from ¥1,357,762,503.18, indicating an increase of approximately 9.7%[19] - The company reported a decrease in other comprehensive income, with a net amount of -¥1,848,957.55 compared to ¥802,814.09 in the previous period[21] Investments and Shareholder Actions - The company repurchased 1,113,259 shares at a total cost of RMB 63,836,494.91, which will be used for cancellation and reduction of registered capital[14] - The company plans to utilize between RMB 50 million and RMB 100 million for share repurchase within 12 months[14] - The total number of shareholders holding more than 5% of shares includes Zhejiang Zhongtao Investment Co., Ltd. with a 41.42% stake and Cao Matao with a 26.24% stake[12] Changes in Financial Metrics - The financial expenses decreased by 66.29% to -¥4,657,049.50, compared to -¥13,816,221.19 in the same period last year[9] - The disposal gain of assets surged by 4564.06% to ¥240,440.19 from ¥5,155.17 year-over-year[9] - The company experienced a 47.64% increase in short-term borrowings, totaling ¥612,584,565.55, compared to ¥414,915,040.41 at the end of the previous year[9] - Research and development expenses decreased to ¥22,579,512.95 from ¥29,328,090.85, a reduction of approximately 23%[20] Accounting and Reporting - The company has not yet audited its first-quarter report[27] - The new accounting standards will be implemented starting in 2025[28]

涛涛车业 20250413 摘要 Q&A 涛涛车业在中美贸易战背景下的市场表现如何？ 涛涛车业作为出海企业的典型代表，在中美贸易战背景下展现了强大的抗压能 力。尽管北美市场电动高尔夫球车遭遇反倾销税和反补贴税，总税率高达 248% 和 28%，公司通过全球产能布局有效应对。涛涛车业不仅在国内保持产能，还 在美国、越南和泰国建立生产基地，特别是加快了美国本土制造基地的建设。 这种布局使得公司能够迅速适应关税变化，提升竞争力。 • 涛涛车业通过全球产能布局，包括美国、越南和泰国基地，有效应对贸易 壁垒和关税变化，尤其是在美国对中国电动高尔夫球车启动双反调查后， 加速美国本土制造，提升了市场竞争力。 • 公司财务表现优异，2024 年业绩达 4.3 亿元，高于预期，预计 2025 年达 5.5 亿元，自 2023 年上市以来，复合增长率保持在 30%-40%，展现出成长 股特征，产品线涵盖全地形车、电动平衡车、滑板车等。 • 涛涛车业提前布局越南工厂，有效应对供应链优化和市场需求变化。董事 长常驻美国，深入了解北美市场，灵活调整价值链，应对宏观环境和经贸 关系变化，确保供应链稳定。 • 公司积极应对中美脱钩和双反政 ...

长江商报消息 ●长江商报记者 江楚雅 在新能源汽车与智能出行领域持续升温的背景下，涛涛车业（301345.SZ）交出了一份令人瞩目的业绩 答卷。 日前，涛涛车业发布的2024年业绩快报显示，公司全年实现营业收入29.72亿元，同比增长38.59%；归 母净利润4.33亿元，同比增幅达54.3%。 同日，公司披露了2025年一季度业绩预告，预计当季归母净利润为7500万至8800万元，同比增长 47.42%至72.98%。 对此，公司表示，业绩增长主要得益于公司加大研发投入、加快海外产能建设及电动高尔夫球车和全地 形车等核心产品销量的显著提升。 净利增超五成 涛涛车业作为一家专注于智能电动低速车和特种车研发、生产和销售的企业，近年来在新能源汽车与智 能出行领域崭露头角。 在具体业务层面，涛涛车业在智能电动低速车和特种车领域均取得了显著成绩。公司凭借强大的研发实 力和创新能力，成功推出了多款符合市场需求的新产品，丰富了产品线，满足了不同客户的多样化需 求。同时，公司积极开拓国内外市场，通过线上线下多渠道营销，不断扩大销售网络，提高了市场占有 率。 在成本控制和费用管理方面，涛涛车业也取得了显著成效。公司通过优化生 ...

涛涛车业 20250406 摘要 Q&A 涛涛车业在 2024 年的业绩表现如何？2025 年第一季度的预期如何？ 涛涛车业在 2024 年的净利润实现了 4.33 亿元，高于当时业绩预告的中位数。 主要增长来自于高尔夫球车和全地形车两块业务。同时，净利率也有所提升， 从 2023 年的 13%提高到 14%以上。对于 2025 年第一季度，公司预计收入同比将 保持两位数增长，净利润预计在 7,500 万至 8,800 万之间，中位数为 8,150 万， 同比增长约 60%。净利率也明显高于去年同期。 • 涛涛车业预计 2025 年第一季度收入保持两位数增长，净利润预计在 7,500 万至 8,800 万之间，同比增长约 60%，净利率显著高于去年同期，主要受 益于高尔夫球车业务的增长。 • 公司通过涨价、利用越南较低的实际税率（预计 25%以内）以及推进美国 本土制造来应对美国关税政策的影响，目标是减轻成本压力并减少双边协 议带来的负面影响。 • 中国厂家出口到美国大幅减少，为涛涛车业提供了更多市场空间。数据显 示，今年一月和二月中国车辆出口分别同比减少 68%和 80%。 • 公司自 2023 年下半年开 ...

证券研究报告 | 公司点评 | 摩托车及其他 涛涛车业(301345) 报告日期：2025 年 04 月 06 日 一季度业绩中枢同比预增 60%，强者恒强市占率有望持续提升 ——涛涛车业点评报告 投资要点 ❑ 事件：公司发布 2024 年业绩快报及 2025 年一季度业绩预告 1）2024 年公司实现营收 29.7 亿元，同比增长 39%；实现归母净利润 4.3 亿元， 同比增长 54%。2024 年度，公司加权 ROE 为 14.2%，同比提升 2.6pct。 2）2025Q1，公司预计实现归母净利润 0.75-0.88 亿元，同比预增 47%-73%。 ❑ 公司有望强者恒强，行业竞争格局大幅改善，公司市占率逆势提升 1）2025 年 4 月 3 日，特朗普宣布加征"对等关税"，其中对中国进一步加征的 "对等关税"税率为 34%。 2）2025 年初，美国商务部对进口自中国的低速载人车辆的双反调查初裁税率落 地。其中在华生产的高尔夫球车的反倾销初裁税率为 248%左右，反补贴初裁税 率为 28%左右。 3）目前公司已形成美国+越南+泰国（拟）工厂的海外产能布局。自从去年七月 份美国针对中国电动高尔夫球车提 ...

证券代码：301345 证券简称：涛涛车业 浙江涛涛车业股份有限公司 投资者关系活动记录表 编号：2025-002 4、公司对本次美国加征关税的应对策略？ 答：自从去年七月份美国针对中国电动高尔夫球车提出双反之 后，公司就加快启动了全球产能布局的规划，以及美国本土制造的 推进，在美国库存、国内国外生产、全球采购，包括终端销售等方 面都做了一定的准备，以提高我们的核心竞争力。公司应对本次美 国加征关税的主要策略为：实时关注，分别对策，积极应对，加快 布局。具体为：涨价+海外产能继续加快+计划扩大全球供应链+新销 售渠道开拓。大致分产品说明如下： 投资者关系 活动主要内 容介绍 ①国内出口的电动高尔夫球车被双反后，公司在 2023 年就开始 了越南工厂建设的筹划，2024 年 6 月高尔夫球车被双反后，其产能 就开始考虑调整到东南亚。目前，高尔夫球车继续按照去年双反确 定的计划做：越南+泰国+美国本土制造。按照美国销售预计和后续 实际销售情况，越南产能计划逐月提升，预计今年产能将会有较大 提高； ②美国拟对越南出口货物加征的关税税率为 46%，公司将视具 体关税落地或后续变化等情况，通过涨价形式基本抵消关税成本的 ...

证券代码：301345 证券简称：涛涛车业 公告编号：2025-010 浙江涛涛车业股份有限公司 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。 一、本期业绩预计情况 （一）业绩预告期间 （二）业绩预告情况 预计的业绩： ?扭亏为盈 ? 同向上升 ?同向下降 单位：人民币 项目 本报告期 上年同期 归属于上市公司股东的 盈利：7,500 万元-8,800 万元 盈利：5,087.36 万元 净利润 比上年同期增长：47.42%-72.98% 扣除非经常性损益后的 盈利：7,450 万元-8,750 万元 盈利：5,037.13 万元 净利润 比上年同期增长：47.90%-73.71% 二、业绩预告审计情况 本次业绩预告相关的财务数据未经会计师事务所审计。 三、业绩变动原因说明 报告期内，公司继续加大研发力度，积极开拓国际市场，不断提高运营效率， 进一步加快海外产能建设，电动高尔夫球车和全地形车等主要产品的销售持续扩 大，实现了业绩的良好增长。 报告期内，预计非经常性损益对归属于上市公司股东的净利润的影响金额约 为 50 万元。 四、其他相关说明 本次业绩预告是 ...

Financial Performance - The company achieved total operating revenue of 297,163.22 million yuan, representing a 38.59% increase compared to the previous year [1][2] - Operating profit reached 51,521.58 million yuan, up 51.21% year-on-year [1][2] - Total profit amounted to 51,367.44 million yuan, reflecting a 52.62% growth from the prior year [1][2] - Net profit attributable to shareholders was 43,277.00 million yuan, marking a 54.30% increase compared to the same period last year [2] Financial Indicators - Basic earnings per share were reported at 3.98 yuan, a 45.26% increase from 2.74 yuan in the previous year [1] - The weighted average return on equity rose to 14.24%, an increase of 2.62 percentage points from 11.62% [1] - Total assets reached 454,042.71 million yuan, a 19.88% increase from the beginning of the period [2] - Shareholders' equity attributable to the company was 318,230.88 million yuan, up 8.17% [2] - Net asset value per share increased to 29.00 yuan, a 7.77% rise [2] Operational Strategy - The company focused on high-quality development, optimizing operational strategies, and enhancing research and development investments [2] - New product development and expansion of sales channels, particularly in electric golf carts and all-terrain vehicles, contributed to revenue growth [2] - Cost advantages in manufacturing and effective expense management were emphasized to improve operational efficiency [2]