外销增长

Search documents
新宝股份(002705):海外需求旺盛带动外销增长 Q1利润表现亮眼
Xin Lang Cai Jing· 2025-04-29 08:46
事件:公司2024 年全年实现营业收入168.21 亿元,同比+14.84%,归母净利润10.53亿元,同比 +7.75%;其中2024Q4 实现营业收入41.31 亿元,同比+6.15%,归母净利润2.68 亿元,同比+11.07%。公 司2025 年Q1 全年实现营业收入38.34 亿元,同比+10.36%,归母净利润2.47 亿元,同比+43.02%。24 年 公司向全体股东每 10 股派发现金红利 4.50元(含税),分红比例42.02%。 风险提示:新品销售不及预期;自有品牌销售不及预期;外销订单不及预期;原材料价格上涨及运费上 涨导致利润下滑。 海外需求旺盛带动外销增长,内销增长有所承压分地区看, 24A 公司内外销收入同比-4.42%/+21.68% , 其中24Q4 内外销同比-11.3%/+14.1%。2024 年海外小家电总体需求比较旺盛,外销增速较好;内销 受国内消费市场景气度低迷等因素影响表现较弱。25Q1 内外销收入同比-4.94%/+15.77% ,外销延续较 好的增长趋势,内销仍有所承压。针对美国对华加征关税政策,近年来公司也在印度尼西亚进行了产能 布局,设立了两个制造基地,以应 ...
苏泊尔(002032):2025Q1内外销增长稳健 盈利能力稳定
Xin Lang Cai Jing· 2025-04-27 00:36
Core Viewpoint - The company reported steady growth in both domestic and international sales for Q1 2025, maintaining stable profitability and a "buy" rating. Group 1: Financial Performance - In Q1 2025, the company achieved revenue of 5.786 billion yuan, representing a year-on-year increase of 7.59% [1] - The net profit attributable to shareholders was 497 million yuan, up 5.82% year-on-year, while the net profit excluding non-recurring items was 484 million yuan, an increase of 4.98% [1] - The company forecasts net profits for 2025-2027 to be 2.443 billion, 2.599 billion, and 2.769 billion yuan, respectively, with corresponding EPS of 3.05, 3.24, and 3.46 yuan [1] Group 2: Sales Growth - Domestic sales are expected to benefit from national subsidies, while international sales are minimally impacted by tariffs [2] - The company's international sales growth is supported by stable demand from major clients, despite some customers stockpiling due to tariff policies [2] - For Q1 2025, the company's consumer business revenue growth rates were +2.8% in comparison to previous quarters, with EMEA and Americas regions showing varied performance [2] Group 3: Profitability and Cost Management - The gross margin for Q1 2025 was 23.91%, showing a slight year-on-year increase of 0.1 percentage points [3] - The company's total expense ratio for Q1 2025 was 13.31%, with effective control over sales expenses, which decreased by 0.29 percentage points [3] - The net profit margin for Q1 2025 was 8.59%, reflecting stable profitability despite a slight decrease of 0.07 percentage points [3]