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威迈斯(688612):Q2盈利能力提升,海外布局有望起量
EBSCN· 2025-08-27 07:20
2025 年 8 月 27 日 公司研究 Q2 盈利能力提升,海外布局有望起量 ——威迈斯(688612.SH)2025 年半年报点评 要点 风险提示:直流充电技术替代风险、下游需求不及预期。 公司盈利预测与估值简表 | 指标 | 2023 | 2024 | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业收入(百万元) | 5,523 | 6,372 | 7,327 | 9,046 | 10,111 | | 营业收入增长率 | 44.09% | 15.39% | 14.98% | 23.45% | 11.78% | | 净利润(百万元) | 502 | 400 | 649 | 872 | 1,042 | | 净利润增长率 | 70.42% | -20.34% | 62.13% | 34.47% | 19.40% | | EPS(元) | 1.19 | 0.95 | 1.54 | 2.07 | 2.47 | | ROE(归属母公司)(摊薄) | 14.87% | 12.24% | 17.22% | 19.82% | 20.34 ...
万得凯(301309) - 2025年5月9日投资者关系活动记录表
2025-05-09 09:46
Group 1: Financial Performance - The company reported significant growth in 2024, with revenue and net profit increasing substantially due to client project increments and new customer acquisitions [2] - Existing client project increments are primarily reflected in the core products, such as washing machine angle valves and PEX valves, which gained market recognition and steady order growth [2] - The company aims to ensure sustainable performance by expanding into markets outside the U.S., including Australia, South America, and Southeast Asia [2] Group 2: Product and Market Strategy - The company's pipe fittings are included in the tariff exemption list, with pipe fittings accounting for 31.46% of the product mix according to the 2024 annual report [3] - Future R&D efforts will focus on both domestic and international markets, with a shift from civil to industrial valve sectors and a push towards integrated and intelligent product development [3] - The company has established an overseas production base in Vietnam, with a capacity to produce 42 million valve and hardware items annually, aimed primarily at the U.S. market [3] Group 3: Customer Base and Expansion - Current major customers include global water control system providers and chain home improvement retailers, with plans to expand into channel distribution clients [4] - The company is actively seeking potential acquisition opportunities to enhance its strategic planning and broaden application scenarios [4] Group 4: Market Trends and Demand - The demand for lead-free copper plumbing products has shifted from "elastic" to "rigid" due to environmental regulations in developed countries, with significant growth in markets like Australia and Europe [5][6] - The company is positioned to leverage this trend, having already achieved order breakthroughs in the Australian market for lead-free copper products [5] Group 5: Competitive Landscape - The global valve industry is experiencing stable demand due to infrastructure upgrades and environmental policies in developed countries, while emerging markets in the Asia-Pacific region are becoming new growth points [6] - The company has established a strong reputation in the high-barrier U.S. market and is recognized by numerous international manufacturers and distributors [7] Group 6: Dividend Policy - For 2024, the company plans to distribute a cash dividend of 3 yuan per 10 shares, totaling 30 million yuan, with a commitment to a stable and scientific dividend return mechanism [7] - The dividend distribution policy is designed to ensure continuity and stability, with previous distributions of 6 yuan per 10 shares in 2022 and 3 yuan in 2023 [7]
家电解放人性,这一次在厨房里
晚点LatePost· 2024-12-29 13:15
对中国人来说,比走进厨房更难的,可能是找到合适的厨房电器。 19 世纪,电力普及前,没有洗衣机烘干机,手洗衣服再晾干;没有冰箱,每天买肉切菜做饭……即便在欧 美大部分家庭,家务都是女性的全职工作,这些从事家庭生产的 "工人" 比其他任何行业都多——都是免 费的。 直到第二次工业革命引入了电力和各式家用电器,这一情况才发生了改变。以家电为首的耐用消费品的开 发,将人类从家务劳动的桎梏中解放出来。1900 年,平均每个美国家庭每周花在家务劳动上的时间为 58 小时;1975 年,这一数字下降到了 18 小时,不到 1900 年的三分之一。 经济学家杰里米·格林伍德(Jeremy Greenwood)认为,繁琐的家务被电器取代,是女性解放的开始。她们 的社会劳动参与率大幅提高,话语权也从此开始提升。而 "在家中休闲" 作为一种基本权利,开始被每一 位家庭成员平等地享有。 这种家电对人性的解放,在中国发生得更加深刻。40 年的时间里,中国家庭从无到有走完了海外 200 年的 进化过程。 如今,没有哪个时代普通人 "享受生活" 的门槛会比今天更低。芯片对家电产品的接入、程序化的控制, 几乎重新发明了所有的家电。一些家电 ...