2025 年 5 月 1 日 公司研究 海外收入略降导致公司 24 年收入略降，25 年将进入恢复性增长阶段 ——木林森（002745.SZ）跟踪报告之四 要点 事件： 公司发布 2024 年年报，2024 年公司实现营业收入 169.10 亿元，同比下降 3.57%，公司实现归属于上市公司股东的净利润 3.74 亿元，同比下降 13.06%。 公司发布 2025 年一季报，2025 年 Q1 公司实现营业收入 38.86 亿元，同比下降 2.82%，公司实现归属于上市公司股东的净利润 1.43 亿元，同比下降 21.30%。 点评： 2024 年公司业绩略有下降，主要系海外收入略降。2024 年，全球 LED 照明市 场受政治经济局势波动及地缘政治紧张因素影响，整体增长节奏有所调整。公司 旗下主要有朗德万斯和木林森两个品牌，其中朗德万斯前身是欧司朗光源及通用 照明事业部，其销售体系主要在海外，2024 年朗德万斯收入 96.47 亿元，相比 于 2023 年 106.06 亿元收入，下降幅度为 9.04%，是公司 2024 年收入下降的 主要原因；木林森品牌销售体系位于国内，2024 年收入 67.68 亿 ...

LAS VEGAS, May 1, 2025 /PRNewswire/ -- UFC®, the world's premier mixed martial arts organization, and Hpnotiq, the iconic blue liqueur loved for its nostalgic 2000s appeal and its rising popularity among millennials and Gen Z, today announced a new multiyear marketing partnership that will showcase Hpnotiq within a selection of UFC's biggest events. UFC / HPNOTIQ Under the new agreement, Hpnotiq will become an Official Partner of UFC and will strategically activate its brand within a selection of UFC e ...

Core Insights - Donnelley Financial Solutions, Inc. (DFIN) reported strong financial performance in Q1 2025, with Adjusted EBITDA of $68.2 million, a 23.6% increase year-over-year, and an Adjusted EBITDA margin of 33.9%, up approximately 680 basis points from the previous year [2][6][7]. Financial Performance - Net sales for Q1 2025 were $201.1 million, a decrease of $2.3 million, or 1.1%, from Q1 2024, primarily due to lower capital markets compliance volumes and Venue sales [4][6]. - Net earnings for Q1 2025 were $31.0 million, or $1.05 per diluted share, compared to $33.3 million, or $1.09 per diluted share, in Q1 2024 [5][6]. - The company achieved record software solutions net sales of $84.6 million, a 5.4% increase from Q1 2024, accounting for 42.1% of total net sales, up from 39.5% [6][8]. Strategic Focus - DFIN is focused on expanding the adoption of its software solutions, with a 5.8% organic increase in total software solutions net sales compared to Q1 2024 [3][6]. - The company aims to increase its recurring sales mix, manage costs aggressively, and allocate capital in a disciplined manner to enhance shareholder value [3][6]. Debt and Share Repurchase - DFIN amended its credit agreement to establish a $300 million revolving facility and a $115 million term loan A facility, using proceeds to retire existing debt [6][7]. - The company repurchased 861,301 shares for approximately $41.8 million at an average price of $48.57 per share, with a remaining share repurchase authorization of $49.5 million as of March 31, 2025 [6][7].

QYResearch的观点和数据因被众多国内外知名企业、证券公司及媒体频繁引用与转载，而享有高度的 品牌知名度。其权威认证确保了所提供的行业分析及定制报告的可信度与专业度，是业界信赖的优选。 0 1 恒州博智的LED照明报告被深圳民爆光电公司中的年报引用 民爆光电（301362）2024年度管理层讨论与分析 据恒州博智发布的《2023年中国LED照明行业全景图谱》显示，2023年，全球LED防爆照明市场销售额达到 了49亿元，并预测在2028年将达到79亿元，期间的复合年增长率（CAGR）约为7.8%。这一增长可归因于 LED防爆灯在石油和采矿、军事基地、机场以及其他商业和工业领域的广泛应用，这些领域对于安全照明有着 极高的要求。 来源：证券之星 更多：https://stock.stockstar.com/RB2025040100020605.shtml 最新报告推荐：2025年全球及中国极端温度LED照明企业出海开展业务规划及策略研究报告 0 2 深圳思创策划咨询有限公司引用了恒州博智出版的外墙翻新服务市场分析报告 深圳建筑外立面改造项目可行性研究报告——市场分析 根据 QYR（恒州博智）的统计及预测，2 ...

（艾比森为巴黎奥运会开幕式、奥运会赛事场馆、奥运火炬传递及庆祝活动核心区域提供了50多块高品 质LED大屏，图源：公司官微） 又一年财报季，艾比森（300389.SZ）以稳健经营答卷彰显其作为全球领先至真LED显示应用与服务提 供商发展之韧性：面对复杂多变的全球市场，凭借多区域的平衡布局，海外市场连续三年保持两位数增 长；国内市场受宏观经济和产业变革影响需求放缓，其迅速从聚焦规模扩张调整为选择价值客户做深 耕，以谋行稳致远。 伴随年报发出的，还有《艾比森2024年社会责任报告》（以下简称《报告》），让投资者能在经营数据 之外，从更高维度的ESG（环境、社会责任和公司治理）范畴，观察和评判其发展质量。 在当今全球高度关注可持续发展与绿色低碳转型的大背景下，企业社会责任已成为衡量企业竞争力的关 键要素。 解码这份《报告》，系统性展现了其在绿色低碳转型、技术创新与全球责任履行中的深度实践，同时还 给出了头部企业践行绿色低碳、用责任诠释高质量发展未来的新展望。 某种意义上，作为一家深耕行业24年并始终坚持长期主义的"领头羊"企业，艾比森的《报告》还在一定 程度上代表了LED显示屏行业科技向善、诚信经营、创新驱动、绿色 ...

美国政府滥施关税，严重损害国际经贸秩序，外部环境严峻复杂。当前，世界经济面临很大不确定性。 一季度，国内生产总值同比增长5.4%，国民经济起步平稳、开局良好，高质量发展扎实推进。中国经 济"一季报"彰显高质量发展的确定性。 "70多年来，中国发展始终靠的是自力更生、艰苦奋斗，从不靠谁的恩赐，更不畏惧任何无理打压。" 4月25日召开的中共中央政治局会议强调，以高质量发展的确定性应对外部环境急剧变化的不确定性。 在以习近平同志为核心的党中央坚强领导下，各地区各部门迎难而上、主动作为，坚定不移办好自己的 事，全球第二大经济体无惧风雨、勇毅前行。 （一） 稳定表现，有硬核实力作支撑。 "技术日新月异，产品应有尽有。"4月15日，第137届广交会第一期启幕，美国采购商菲利普·理查德森 很快找到多家音响设备供应商，"从图纸到样品，中国工厂72小时内就能响应。产品从工厂装货到摆上 货架，顶多1个月。" "中国拥有全球最先进的技术""世界离不开中国制造""中国供应商研发速度快，性价比高"……近15万名 境外采购商"用脚投票"，成为中国制造实力的生动写照。 实力，产品为证。全球最快高铁CR450加紧试验、全球陆上首台12000 ...

Core Insights - The Ensign Group, Inc. reported strong operating results for Q1 2025, with GAAP diluted earnings per share of $1.37 and adjusted earnings per share of $1.52, reflecting increases of 15.1% and 16.9% respectively compared to the prior year quarter [4][5]. Financial Performance - GAAP net income for the quarter was $80.3 million, up 16.6% year-over-year, while adjusted net income reached $89.0 million, an 18.0% increase [5]. - Consolidated revenue for the quarter was $1.17 billion, representing a 16.1% increase from the previous year [5]. - The company experienced significant growth in occupancy rates, with same store occupancy increasing to 82.6% and transitioning occupancy to 83.5%, both new highs [4][5]. Growth and Acquisitions - The company added 47 new operations since 2024, with 19 new operations added in the latest quarter alone, indicating a robust acquisition strategy [8][9]. - Ensign's portfolio now consists of 343 healthcare operations across 17 states, with a focus on both leasing and acquiring real estate [12][13]. Guidance and Future Outlook - Following a strong first quarter, the company raised its annual 2025 earnings guidance to between $6.22 and $6.38 per diluted share, which is a 14.5% increase over 2024 results [7]. - Annual revenue guidance was also increased to $4.89 billion to $4.94 billion, reflecting confidence in continued growth and acquisitions [7]. Operational Highlights - The skilled daily census increased by 7.6% and 9.9% for same store and transitioning operations respectively compared to the prior year quarter [5]. - Managed care census grew by 8.9% and 15.6% for same store and transitioning operations respectively, highlighting the company's operational strength [5]. Dividend and Share Repurchase - The company paid a quarterly cash dividend of $0.0625 per share and completed a $20 million share repurchase program, demonstrating strong liquidity and commitment to returning value to shareholders [14].

Financial Data and Key Metrics Changes - The company generated revenue of $18,700,000 for the year 2024, exceeding the guidance of $16,600,000 by $2,100,000, primarily due to the monetization of the ride-hailing service which began in October 2024 [21][24] - Adjusted EBITDA for 2024 was negative $19,300,000, better than the guidance of negative $22,500,000, driven by operational efficiencies in the two-wheeled electric vehicle service [21][24] - Total rides increased from 21,900,000 in 2023 to 31,700,000 in 2024, with unique riders growing from 1,800,000 to 2,100,000 [21][22] Business Line Data and Key Metrics Changes - The number of unique ride-hailing riders increased from approximately 5,000,000 at the end of 2023 to 1,660,000 at the end of 2024, while registered drivers grew from 107,000 to 262,000 [22][24] - The average daily two-wheeled electric vehicles deployed fell from 34,600 in 2023 to 32,600 in 2024 due to the gradual decommissioning of the fleet [22] Market Data and Key Metrics Changes - The company is the number one urban mobility app in Turkey, serving four of the largest cities, which account for 50% of the country's GDP and 34% of its population [9][10] - Turkey has a significant opportunity for ride-hailing services, with a projected annual revenue potential of $3,000,000,000 in the ride-hailing business [12][14] Company Strategy and Development Direction - The company has shifted its primary focus to ride-hailing, with plans to continue investing in this area while implementing profitability-enhancing measures [5][6] - The strategy includes expanding to additional cities in Turkey and refining the dynamic pricing engine to increase take rates [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth potential of the ride-hailing market in Turkey, citing the lack of existing competition and the high demand for tech-enabled mobility solutions [31][39] - The company aims to almost double its revenue to $34,000,000 in 2025 and achieve positive adjusted EBITDA, excluding any incremental investments [24][25] Other Important Information - The company completed the acquisition of Zoba, an AI-powered software platform, to enhance operational efficiency in its two-wheeled electric vehicle business [15][17] - The share repurchase program allows the company to buy back up to $3,500,000 of its ordinary shares at a price per share of $6 through October 2025 [25] Q&A Session Summary Question: Can you talk about the dynamic pricing and its impact on monetization? - The dynamic pricing algorithm has improved match rates by adjusting prices based on demand and supply fluctuations, leading to better metrics [30] Question: How is the driver supply growing? - The company is experiencing strong growth in driver applications due to the high demand for tech-enabled urban transportation in Turkey [32] Question: How has the competitive environment evolved? - The company holds a first-mover advantage in the ride-hailing market and is prepared for competition, which is expected to be limited to a few players [39] Question: What is the regulatory backdrop for ride-hailing in Turkey? - The company is working on establishing full regulations for ride-hailing, with a belief that the market will eventually align with global standards [42][43] Question: What are the assumptions behind the 2025 revenue guidance? - The guidance assumes continued operations in existing cities without new city launches and a similarly sized general and administrative team [51][52] Question: What is the current cash position and monthly burn rate? - The company reported a cash position of approximately $5,000,000 at the end of the year, with a forecasted EBITDA of $3,000,000 for 2025 [74][75] Question: How does the company balance growth and profitability? - The company remains focused on growth in the ride-hailing market, with plans to explore other verticals only after fully capturing the ride-hailing opportunity [87][88]

Core Insights - Edible Garden AG Incorporated has expanded the distribution of its sustainably grown herb product line to additional Stop & Shop retail locations across New York, enhancing accessibility for consumers [1][2] - The CEO emphasized the company's commitment to quality, sustainability, and environmental stewardship, aiming to meet the rising demand for locally sourced products [2] - Edible Garden operates over 5,000 stores in the US, Caribbean, and South America, utilizing advanced farming technologies and sustainable practices [3] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), focusing on locally grown, organic, and sustainable produce [3] - The company employs patented technologies such as GreenThumb software and Self-Watering displays to optimize growth and enhance product shelf life [3] - Edible Garden is recognized as a FoodTech 500 company and is involved in Walmart's Project Gigaton sustainability initiative [3] Product Offerings - The company provides a range of products including fresh herbs, plant and whey protein powders, and functional condiments [3] - Its Kick. Sports Nutrition line targets health-conscious athletes with cleaner labeled options [3]

证券代码：300162 证券简称：雷曼光电 深圳雷曼光电科技股份有限公司 2025 年 4 月 29 日投资者关系活动记录表 编号：2025-003 | | □特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活动 类别 | □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） | | 参与单位名称及 人员姓名 | 线上参与公司 2024 年度业绩网上说明会的全体投资者 | | 时间 | 2025 年 4 月 29 日 15:00-17:00 | | 地点 | 价值在线（https://www.ir-online.cn/）网络互动 | | | 李漫铁先生（董事长兼总裁） | | 上市公司接待人 | 左剑铭先生（董事、副总裁、董事会秘书） | | 员姓名 | 张琰女士（财务总监） | | | 李国强先生（独立董事） | | | 1.目前的业务增长情况如何？未来有哪些具体的市场扩 展计划？ | | | 答：您好，2024 年，公司实现营业收入 12.53 亿元，同比 | | 投资者关系活动 | 增长 12.5%。未来，在海 ...