证券代码：301345 证券简称：涛涛车业 公告编号：2024-069 浙江涛涛车业股份有限公司 关于部分首次公开发行前已发行股份上市流通的提示性公告 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。 特别提示： 1、本次上市流通的限售股份为浙江涛涛车业股份有限公司（以下简称"公 司"）部分首次公开发行前已发行的股份； 2、本次申请解除限售的股东共计 1 户，解除限售股份的数量为 400,000 股， 占公司总股本的比例为 0.36%； 3、公司本次解除限售股份的上市流通日期为 2024 年 9 月 23 日（星期一）。 一、首次公开发行前已发行股份概况 （一）首次公开发行股份情况 经中国证券监督管理委员会（以下简称"中国证监会"）《关于同意浙江涛 涛车业股份有限公司首次公开发行股票注册的批复》（证监许可〔2022〕2752 号）核准，并根据深圳证券交易所《关于浙江涛涛车业股份有限公司人民币普通 股股票在创业板上市的通知》（深证上〔2023〕198号），公司首次公开发行人 民币普通股（A股）股票27,333,600股，于2023年3月21日在深圳证券交易所创业 ...

2024年3月21日，公司首次公开发行前已发行的部分限售股份及首次公开发 浙商证券股份有限公司 关于浙江涛涛车业股份有限公司 （二）上市后公司股本变动情况 2023年9月21日，公司首次公开发行网下配售限售股上市流通，股份数量为 1,330,744股，占公司当时总股份比例为1.22%，该批次限售股解除限售后，公司 股本结构发生变化。具体内容详见公司2023年9月19日披露于巨潮资讯网 (www.cninfo.com.cn)上的《关于首次公开发行网下配售限售股份上市流通的提示 性公告》。 一、首次公开发行前已发行股份概况 （一）首次公开发行股份情况 经中国证券监督管理委员会（以下简称"中国证监会"）《关于同意浙江涛 涛车业股份有限公司首次公开发行股票注册的批复》（证监许可〔2022〕2752 号）核准，并根据深圳证券交易所（以下简称"深交所"）关于浙江涛涛车业股 份有限公司人民币普通股股票在创业板上市的通知》（深证上〔2023〕198 号）， 公司首次公开发行人民币普通股（A 股）股票 27,333,600 股，并于 2023 年 3 月 21 日在深交所创业板上市。首次公开发行股票完成后公司总股本为 109, ...

Investment Rating - The investment rating for the company is "Outperform the Market" [2][7][8] Core Views - The company reported a significant increase in revenue and net profit for the first half of 2024, with revenue reaching 1.391 billion yuan, up 77.23% year-on-year, and net profit of 182 million yuan, up 35.36% year-on-year [4][7] - The company is experiencing strong growth in electric golf carts, with revenue of 371 million yuan, a year-on-year increase of 1200.82% [5][7] - The company is expanding its overseas production capacity and sales, with overseas revenue for the first half of 2024 reaching 1.391 billion yuan, up 77.23% year-on-year, driven by significant growth in the US and other regions [7][8] Summary by Sections Financial Performance - For the first half of 2024, the company's operating income was 1.391 billion yuan, with a net profit of 182 million yuan. The second quarter alone saw revenue of 871 million yuan, a 99.76% increase year-on-year [4][7] - The gross margin and net margin for the first half of 2024 were 35.92% and 13.09%, respectively, showing a decline compared to the previous year [4][7] - Operating cash flow improved to 288 million yuan, a 32.71% increase year-on-year [4] Business Segments - Electric golf carts: Revenue of 371 million yuan, up 1200.82% year-on-year, with over 120 dealers established in the US [5][7] - All-terrain vehicles: Revenue of 369 million yuan, up 47.25% year-on-year [5][7] - Electric scooters: Revenue of 296 million yuan, up 15.24% year-on-year [5][7] - Electric bicycles: Revenue of 126 million yuan, up 110.02% year-on-year [5][7] Future Projections - The company is projected to achieve revenues of 2.942 billion yuan in 2024, 3.787 billion yuan in 2025, and 4.522 billion yuan in 2026, with year-on-year growth rates of 37.2%, 28.7%, and 19.4%, respectively [6][8] - The expected net profit for 2024 is 362 million yuan, with a growth rate of 29.1% [6][8] - The company is focusing on expanding its product lines and enhancing its market presence, particularly in North America [7][8]

Investment Rating - The report maintains a "Recommend" rating for Taotao Vehicles (301345) with a target price of 62 CNY, compared to the current price of 50.33 CNY [1] Core Views - Taotao Vehicles achieved significant revenue growth in H1 2024, with total revenue reaching 1.39 billion CNY, a 77.2% YoY increase [1] - The company's net profit attributable to shareholders grew by 35.4% YoY to 180 million CNY in H1 2024 [1] - Electric golf carts emerged as the key growth driver, contributing 370 million CNY in revenue with a staggering 1200.8% YoY growth [2] - The company expanded its dealer network, adding over 60 new dealers for electric golf carts, bringing the total to 120+ [2] - All-terrain vehicles (ATVs) showed strong performance, especially in non-US markets, with revenue reaching 370 million CNY, a 47.3% YoY increase [2] - Electric bicycles also demonstrated robust growth, with revenue increasing by 110% YoY to 130 million CNY [2] Financial Performance - Q2 2024 revenue reached 870 million CNY, a 99.8% YoY increase, with net profit of 130 million CNY, up 31.7% YoY [1] - Gross margin in Q2 2024 was 35%, down 6.2 percentage points YoY, primarily due to product mix changes [2] - The company's net profit margin in Q2 2024 was 15.1%, a decrease of 7.8 percentage points YoY [2] - Revenue is expected to grow to 3.6 billion CNY in 2024, 4.76 billion CNY in 2025, and 5.95 billion CNY in 2026 [3] - Net profit is forecasted to reach 401 million CNY in 2024, 537 million CNY in 2025, and 694 million CNY in 2026 [3] Product Development and Market Expansion - The company launched new electric golf cart models under its DENAGO brand, including a four-seater version [2] - ATV product line expanded with the development of 300cc and 550cc models, with the 300cc model already selling over 1,000 units [2] - The company is implementing a "North America Manufacturing+" strategy, with Vietnam factory already in trial production and three manufacturing bases in the US under development [2] Valuation and Forecast - The company's PE ratio is expected to be 14x in 2024, 10x in 2025, and 8x in 2026 [3] - EPS is projected to grow from 3.65 CNY in 2024 to 6.32 CNY in 2026 [3] - ROE is forecasted to improve from 12.6% in 2024 to 18.0% in 2026 [5]

证券代码：301345 证券简称：涛涛车业 公告编号：2024-068 浙江涛涛车业股份有限公司 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内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 浙江涛涛车业股份有限公司（以下简称"公司"）于 2024 年 2 月 2 日召开 第三届董事会第十七次会议，审议通过了《关于回购公司股份方案的议案》，同 意公司自董事会审议通过该回购方案之日起不超过 12 个月内，使用不低于人民 币 5,000 万元（含本数）且不超过人民币 10,000 万元（含本数）的自有资金， 以集中竞价交易方式回购公司部分已发行的人民币普通股（A 股）股票（以下简 称"本次回购"），用于实施员工持股计划或股权激励。具体内容详见公司在巨 潮资讯网(www.cninfo.com.cn)于 2024 年 2 月 5 日披露的《关于股份回购方案的 公告》（公告编号：2024-001）、于 2024 年 2 月 7 日披露的《关于以集中竞价 交易方式回购公司股份的回购报告书》（公告编号：2024-003）。 根据《回购股份报告书》，如公司在回购股份期内发生派息、送股、资本公 ...

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：2024-006 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(电话会议) | --- | --- | |----------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------| | 参会机构 | 共计 83 家机构(具体详见附件：参会机构名单) | | 调研时间 | 2024 年 8 月 27 日-30 日 | | 地点 | 电话会议 | | 上市公司接待人员姓名 | 董事、董事会秘书、财务总监：孙永 证券事务代表：卢凤鹊 | | | 1、公司上半年业绩情况说明。 答：公司上半年实现营业收入 13.91 亿元，同比增 | | | 长 77.23% ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [2][4][6] Core Views - The company has shown significant year-on-year growth in performance, with a revenue increase of 77.23% to 1.391 billion yuan and a net profit increase of 35.36% to 182 million yuan for the first half of 2024 [2] - The company is accelerating its overseas production capacity, with investments in Vietnam and the United States to enhance manufacturing capabilities [3][4] Summary by Sections Financial Performance - For H1 2024, the electric golf cart segment generated 371 million yuan in revenue, a year-on-year increase of 1200.82%, while the all-terrain vehicle segment achieved 369 million yuan, up 47.25% [3] - The company forecasts revenues of 3.017 billion yuan, 3.699 billion yuan, and 4.329 billion yuan for 2024, 2025, and 2026 respectively, representing growth rates of 40.69%, 22.61%, and 17.03% [4][7] Product Development - The company is focused on product upgrades, with R&D expenses reaching 54.174 million yuan, a 59.2% increase year-on-year [3] - New product launches include a four-seat electric golf cart and various models of all-terrain vehicles [3] Market Positioning - The company has expanded its dealer network to over 450, with a strong online presence on platforms like Amazon, Walmart, and eBay [3] - The current stock price is 46.72 yuan, with a market capitalization of approximately 5.127 billion yuan [3][4]

Investment Rating - Buy (Maintained) [1] Core Views - The company achieved significant revenue growth in H1 2024, with revenue reaching 1.391 billion yuan, a year-on-year increase of 77.23% [3] - Net profit attributable to the parent company in H1 2024 was 182 million yuan, up 35.36% year-on-year [3] - The electric golf cart business is driving rapid growth, with revenue from this segment reaching 371 million yuan in H1 2024, a year-on-year increase of 1201% [4] - The company is expanding its product line to include electric low-speed vehicles, with new models such as camping and six-seater versions expected to be launched [4] - Overseas factory construction is progressing steadily, with the Vietnam factory already in small-scale production and three electric golf cart factories in the US under construction [4] Financial Performance - Revenue in Q2 2024 was 871 million yuan, up 99.76% year-on-year [3] - Net profit attributable to the parent company in Q2 2024 was 131 million yuan, up 31.67% year-on-year [3] - Gross margin in Q2 2024 was 34.99%, down 6.25 percentage points year-on-year, mainly due to rising shipping costs and changes in sales structure [5] - The company's net profit margin in Q2 2024 was 15.06%, down 7.8 percentage points year-on-year [5] Market and Product Performance - Revenue from the US market in H1 2024 was 1.04 billion yuan, up 105.9% year-on-year [4] - Revenue from the Americas (excluding the US and Canada) in H1 2024 was 130 million yuan, up 390% year-on-year [4] - The company added over 60 new electric golf cart dealers in H1 2024, bringing the total to over 120 [4] - Revenue from all-terrain vehicles in H1 2024 was 369 million yuan, up 47.25% year-on-year [4] Future Outlook - The company is expected to achieve net profit attributable to the parent company of 391 million yuan in 2024, 521 million yuan in 2025, and 652 million yuan in 2026 [3] - EPS is forecasted to be 3.56 yuan in 2024, 4.74 yuan in 2025, and 5.94 yuan in 2026 [3] - The current PE ratio is 13.1x for 2024, 9.8x for 2025, and 7.9x for 2026 [3] - The company plans to extend its product line from electric golf carts to electric low-speed vehicles, with new models expected to drive further growth [4]

浙江涛涛车业股份有限公司 2023年限制性股票激励计划首次授予部分 第一个归属期归属结果暨股份上市公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 重要内容提示： 1、本次归属限制性股票的上市流通日：2024年8月28日。 2、本次归属股票数量：41.14万股，占目前公司总股本的0.38%。 证券代码：301345 证券简称：涛涛车业 公告编号：2024-067 3、本次归属的激励对象人数：62人。 4、本次归属股票来源：公司向激励对象定向发行的公司A股普通股股票。 浙江涛涛车业股份有限公司（以下简称"公司"）于2024年7月29日召开第 三届董事会第二十二次会议和第三届监事会第二十次会议，审议通过了《关于 2023年限制性股票激励计划首次授予部分第一个归属期归属条件成就的议案》。 近日，公司办理了2023年限制性股票激励计划首次授予部分第一个归属期归属股 份的登记工作，现将有关情况公告如下： 一、股权激励计划简述及已履行的相关审议程序 （一） 限制性股票激励计划简述 公司《2023年限制性股票激励计划（草案）》已经2023年第二次临时股东 大会审议通过， ...

浙商证券股份有限公司 关于浙江涛涛车业股份有限公司 | 事项 | 存在的问题 | 采取的措施 | | --- | --- | --- | | 7、对外担保 | 无 | 不适用 | | 8、收购、出售资产 | 无 | 不适用 | | 9、其他业务类别重要事项（包括对外投资、风险投资、委 托理财、财务资助、套期保值等） | 无 | 不适用 | | 10、发行人或者其聘请的中介机构配合保荐工作的情况 | 无 | 不适用 | | 11、其他（包括经营环境、业务发展、财务状况、管理状 况、核心技术等方面的重大变化情况） | 无 | 不适用 | 三、公司及股东承诺事项履行情况 | 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、本次发行前股东所持股份的流通限制和自愿锁定股 | 是 | 不适用 | | 份的承诺 | | | | 2、持股 5%以上股东关于持股意向及减持意向的承诺 | 是 | 不适用 | | 3、首次公开发行后填补被摊薄即期回报的措施及承诺 | 是 | 不适用 | | 4、对欺诈发行上市的股份购回承诺 | 是 | 不适用 | | 5、 ...