登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：688310 证券简称：迈得医疗 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性依法承担法律责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚假 记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息的真 实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一) 主要会计数据和财务指标 单位：元 币种：人民币 (二) 非经常性损益项目和金额 √适用 □不适用 单位:元 币种:人民币 对公司将《公开发行证券的公司信息披露解释性公告第1号——非经常性损益》未列举的项目认定为非 经常性损益项目且金额重大的，以及将《公开发行证券的公司信息披露解释性公告第1号——非经常性 损益》中列举的非经常性损益项目界定为经常性损益的项目，应说明原因。 □适用 √不适用 (三) 主要会计数据、财务指标发生变动的情况、原因 √适用 □ ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [6] Core Views - The company's revenue met expectations, but the performance was below expectations. In Q1 2025, the company achieved revenue of 1 billion yuan, a year-on-year increase of 21%, while the net profit attributable to the parent company was 81 million yuan, a year-on-year decrease of 5% [6] - The company announced a shareholder dividend return plan for the next three years (2025-2027), with minimum cash dividend ratios of 80%, 40%, and 20% for different stages of business maturity [6] - The home appliance business is experiencing rapid order growth, with increased market share from major clients and new project contributions. The automotive parts business is entering a revenue realization phase, contributing to growth [6] - The automotive parts business saw revenue of 412 million yuan in 2024, a year-on-year increase of 104.54%, with a gross margin increase of 11.37 percentage points to 21.65% [6] - The company maintains profit forecasts for 2025-2027 at 472 million, 536 million, and 673 million yuan, with year-on-year growth rates of 15.0%, 13.6%, and 25.4% respectively, corresponding to PE ratios of 16, 14, and 11 [6] Financial Data and Profit Forecast - Total revenue forecast for 2024 is 4,095 million yuan, with a projected growth rate of 47.6%. For 2025, the revenue is expected to be 5,158 million yuan, with a growth rate of 26.0% [2][8] - The net profit attributable to the parent company is forecasted to be 411 million yuan in 2024, with a year-on-year growth of 27.5%, and is expected to reach 472 million yuan in 2025, reflecting a growth of 15.0% [2][8] - The gross margin is projected to be 18.0% in 2025, with a return on equity (ROE) of 14.2% [2][8] Market Data - As of April 28, 2025, the closing price of the stock is 19.91 yuan, with a market capitalization of 7,414 million yuan [3] - The stock has a price-to-book ratio of 2.5 and a dividend yield of 1.76% based on the most recent dividend announcement [3]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：600051 证券简称：宁波联合 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚假 记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息的真 实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 ■ (三)主要会计数据、财务指标发生变动的情况、原因 √适用 □不适用 ■ 二、股东信息 (一)普通股股东总数和表决权恢复的优先股股东数量及前十名股东持股情况表 (二)非经常性损益项目和金额 √适用 □不适用 单位:元 币种:人民币 ■ 对公司将《公开发行证券的公司信息披露解释性公告第1号一一非经常性损益》未列举的项目认定为非 经常性损益项目且金额重大的，以及将《公开发行证券的公司信息披露解释性公告第1号一一非 ...

Investment Rating - The investment rating for the company is "Buy" [7][15] Core Views - The company is expected to achieve total operating revenue of 311.96 billion yuan in 2024, with a year-on-year growth of 3.19% [3] - The gross profit margin and net profit margin for 2024 are projected to be 87.54% and 43.19%, respectively, showing slight declines compared to the previous year [3] - The company plans to maintain a cash dividend of 65% of the net profit attributable to shareholders, with a total cash dividend of 87.58 billion yuan in 2024 [3][8] Financial Performance Summary - For Q4 2024, the company reported total operating revenue of 68.93 billion yuan, a decrease of 16.86% year-on-year [4] - The company achieved a net profit of 18.80 billion yuan in Q4 2024, down 29.86% year-on-year [4] - The sales revenue for 2024 is expected to be 400.36 billion yuan, reflecting a year-on-year increase of 26.74% [3] Revenue Breakdown - In 2024, the revenue from mid-to-high-end liquor is projected to be 275.85 billion yuan, with a year-on-year growth of 2.77% [5] - The company anticipates a total of 315.76 billion yuan in revenue for 2025, with a growth rate of 1.22% [9][11] Profitability Forecast - The net profit attributable to shareholders is expected to reach 134.73 billion yuan in 2024, with a growth of 1.71% [11] - The earnings per share (EPS) for 2025 is projected to be 9.23 yuan, with a price-to-earnings (P/E) ratio of 13.61 [11]

业绩简评 2025 年4 月27 日，宏川智慧发布2024 年度报告及2025 年一季报。 2024 年公司实现收入14.5 亿元，同比下降6.3%；归母净利为1.6亿元，同比下降47%；其中Q4 公司实现 收入3.6 亿元，同比下降6.2%；归母净利为-0.1 亿元，同比下降123%。2025Q1 公司实现收入3.2 亿元， 同比下降15%；归母净利为0.2 亿元，同比下降65%。 经营分析 需求减少影响出租率，公司营收同比下降。2024 年及2025Q1 公司收入同比下滑，主要原因为行业短期 内需求减少导致出租率下降。 2024 年，中国化工产品价格指数CCPI 均值为4562 点，同比下降2%。受大环境影响，估计部分子公司 出租率未达到理想状态，影响收入增长。2025Q1 需求下降的趋势延续，CCPI 均值为4344 点，同比下 降6%，行业依旧承压。 2024 年盈利能力下滑，计提资产减值损失。2024 年公司毛利率为49.6%，同比下降8pct，主要系出租率 下降。2024 年公司期间费用率为33.7%，同比增长1.4pct，其中销售费用率为2.8%，同比增长0.3pct；管 理费用率为10.5%， ...

Investment Rating - The investment rating for the company is "Buy" [7][15] Core Views - The company is expected to achieve total operating revenue of 31.196 billion yuan in 2024, with a year-on-year growth of 3.19% [3] - The company aims for steady growth in revenue for 2025, with projected revenues of 31.576 billion yuan, reflecting a growth rate of 1.22% [9] - The company plans to maintain a high dividend payout ratio, with a target of at least 65% of net profit distributed as dividends [8] Financial Performance Summary - For 2024, the company anticipates a gross profit margin of 87.54% and a net profit margin of 43.19%, with slight declines from the previous year [3] - In Q4 2024, the company reported a total operating revenue of 6.893 billion yuan, a decrease of 16.86% year-on-year [4] - The company achieved a significant increase in cash receipts, totaling 40.036 billion yuan for the year, up 26.74% year-on-year [3] Revenue Breakdown - In 2024, the company expects revenue from mid-to-high-end liquor to reach 27.585 billion yuan, with a year-on-year growth of 2.77% [5] - The company reported a total of 1,701 domestic distributors and 85 overseas distributors by the end of 2024, showing a slight decrease in numbers [5] Earnings Forecast - The company projects net profit for 2025 to be 13.585 billion yuan, reflecting a growth of 0.83% [11] - The expected earnings per share (EPS) for 2025 is 9.23 yuan, with a price-to-earnings (P/E) ratio of 13.61 [11]

Core Viewpoint - The company reported a revenue of 23.58 billion yuan for 2024, a year-on-year increase of 16.4%, and a net profit attributable to shareholders of 5.52 billion yuan, up 20.2% year-on-year, with a dividend payout ratio of 57.5%, an increase of 5.7 percentage points year-on-year [1] Group 1: Financial Performance - In Q4 2024, the company achieved a revenue of 4.51 billion yuan, a year-on-year increase of 4.9%, while the net profit attributable to shareholders was 770 million yuan, a decrease of 0.7% [1] - For Q1 2025, the company reported revenues and net profits of 9.15 billion yuan and 2.33 billion yuan, respectively, representing year-on-year increases of 10.4% and 12.8% [1] - The contract liabilities at the end of Q1 2025 were 3.67 billion yuan, an increase of 159 million yuan compared to the end of Q4 2024 [1] Group 2: Revenue Growth Analysis - The company focused on inventory control in Q4, leading to a stable but reduced growth rate. The revenue growth for the year was driven by the Year Original Series, Gujing Gongjiu, and Huanghelou, with increases of 17.3%, 11.2%, and 15.1% respectively [2] - The second half of 2024 saw a significant slowdown in growth rates for the Year Original Series, while Gujing Gongjiu benefited from the volume increase of products priced below 100 yuan [2] - Regional performance showed varied results, with North China, Central China, South China, and international markets growing by 7.4%, 17.8%, 11.2%, and 2.9% respectively for the year [2] Group 3: Profitability and Cash Flow - In Q1 2025, the gross profit margin decreased by 0.7 percentage points due to a shift in product mix, while the net profit margin increased by 0.5 percentage points [3] - The contract liabilities at the end of Q4 2024 increased by 81.6% to 3.52 billion yuan, indicating strong accumulation of resources for future growth [3] - The cash flow from operations showed a slight decline of 1.6% year-on-year in Q1 2025, but the contract liabilities increased by 4.5% compared to Q4 2024, aligning with revenue growth [3] Group 4: Strategic Focus - The company aims for stable growth in 2025 without setting specific growth targets, focusing on healthy operations and maintaining double-digit growth in Q1 2025 [4] - The product strategy includes enhancing the Gujing Gongjiu series and expanding the old porcelain and old glass products to drive additional revenue [4] - The company’s dividend payout ratio of 57.5% reflects its commitment to shareholder returns, enhancing its appeal to long-term investors [4] Group 5: Investment Outlook - The company is positioned for stable growth with a strong start in Q1 2025, and the valuation appears attractive with a projected EPS of 11.62 yuan for 2025, corresponding to a valuation of only 14 times [5] - The EPS forecasts for 2025 and 2026 have been adjusted to 11.62 and 12.98 yuan, respectively, with a new forecast for 2027 set at 14.53 yuan, maintaining a target price of 300 yuan [5]

Group 1 - The company has conducted a series of performance roadshows, including a 2024 annual performance release meeting in Hong Kong and an overseas roadshow in Singapore, focusing on energy security and green low-carbon development [1][2] - As of December 31, 2024, the company's total installed capacity reached approximately 17.437 million kilowatts, with non-fossil energy capacity at 12.662 million kilowatts, a year-on-year increase of 29.5% [1] - The total revenue for 2024 was approximately 20.562 billion yuan, an increase of 0.57% year-on-year, and the profit attributable to equity holders was about 3.245 billion yuan, up 6.13% year-on-year [1] Group 2 - The company has initiated a three-year dividend plan for 2025-2027, with a cash dividend ratio of no less than 42%, 44%, and 46% of the distributable profits for each respective year [3] - The management emphasizes the importance of policy guidance and compliance in business development, aiming to enhance investor relations and information disclosure quality through a multi-dimensional communication mechanism [2][3] - The company aims to adapt to new market conditions and strengthen its market awareness while promoting a virtuous cycle of performance growth, valuation recovery, and shareholder returns [3]

同时，广东明珠也在积极解决历史遗留问题，加快推进盘活"怡景花园"抵债资产的销售和出租工作，提 高资金使用效率，降低损失，密切跟进"鸿贵园"诉讼项目案件的进展情况，维护全体投资者权益。 随着明珠矿业扩帮工程于2024年12月底采出新矿，产能得到有效释放，产供销各环节高效协同，2025年 一季度铁精粉产销量同比增加，产量增加67.55%；销量增加59.98%；砂石业务同样实现突破性增长， 受益于地方政府基建项目早规划、早开工，市场需求同比上扬，砂石产销量迎来可观增长，带动砂石业 务整体业绩大幅提升，多重利好因素叠加，为广东明珠一季度业绩增长提供了坚实支撑。 除了主营业务走强之外，广东明珠持续深挖内部潜力，以精细化管理驱动经营效率全面提升。通过创新 激励机制充分调动全员积极性，同时运用数字化手段优化业务流程，实现资源配置与运营效能的双重升 级，2025年一季度，广东明珠的加权平均净资产收益率达1.95%，较上年同期增加0.87个百分点，体现 出公司在提质增效道路上的扎实步伐。 4月28日晚间，广东明珠（600382）(600382.SH)公布了2025年一季报业绩，实现营业收入1.61亿元，同 比增长36.51%； ...

同飞股份（300990）公告，公司制定了《未来三年(2025年-2027年)股东分红回报规划》。根据规划，公 司采用现金、股票或者现金与股票相结合的方式分配股利，优先采用现金分红的利润分配方式。在有条 件的情况下，公司可以进行中期利润分配。公司每年以现金方式分配的利润不少于当年实现的可分配利 润的10%。公司在经营情况良好，并且董事会认为公司股票价格与公司股本规模不匹配、发放股票股利 有利于公司全体股东整体利益时，可以在满足上述现金分红的条件下，提出股票股利分配预案。 ...