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浩洋股份2024年财报:营收利润双降,品牌扩张难掩业绩疲软
Sou Hu Cai Jing· 2025-05-06 02:33
2024年,浩洋股份的营业收入和净利润均出现下滑,营业收入从2023年的13.05亿元下降至12.12亿元, 同比下降7.12%;归属净利润从3.66亿元下降至3.02亿元,同比下降17.61%。这是公司自2020年以来首 次出现营收和利润的双重下滑,显示出公司在市场环境变化下的应对能力不足。 从历史数据来看,浩洋股份的业绩波动较大。2022年公司营收和净利润分别同比增长97.80%和 161.97%,但2023年增速明显放缓,2024年则直接转为负增长。这种大起大落的业绩表现,反映出公司 在市场拓展和风险控制方面的不足。尤其是在全球经济增速放缓、地缘政治冲突加剧的背景下,浩洋股 份的业绩压力进一步加大。 研发投入加大,但短期效益未显 5月6日,浩洋股份发布2024年年报,报告期内公司实现营业收入约12.12亿元,同比下降7.12%;归属净 利润为3.02亿元,同比下降17.61%;扣非净利润为2.85亿元,同比下降18.66%。尽管公司在品牌扩张和 研发投入上持续发力,但业绩下滑的趋势依然明显,尤其是在全球经济不确定性加剧的背景下,浩洋股 份的短期表现令人担忧。 营收利润双降,业绩承压明显 2024年,浩洋 ...
广交会观察:从“中国第一展”看外贸发展“三新”动能
Zhong Guo Xin Wen Wang· 2025-05-05 16:01
Group 1 - The 137th China Import and Export Fair (Canton Fair) is viewed as a barometer for China's foreign trade, showcasing the resilience of Chinese manufacturing and the vitality of foreign trade [1] - The fair introduced a service robot section with 46 participating companies, highlighting the trend towards high value-added products in foreign trade [2] - New products and technologies, such as the 3D foot scanning technology from Jiming Footwear Co., are driving the upgrade of foreign trade structures towards higher added value [2] Group 2 - Companies are actively seeking to diversify their markets, with a significant portion of inquiries coming from countries involved in the Belt and Road Initiative [3] - The emphasis on "seeing is believing" has led to increased factory visits by foreign buyers, enhancing trust in Chinese manufacturing capabilities [3] - Companies like Guangzhou Textile Import and Export Group are shifting from selling products to providing comprehensive solutions, aiming to enhance competitiveness in global markets [4] Group 3 - Chinese foreign trade enterprises are transitioning from cost advantages to comprehensive advantages, including innovation and brand strengthening [4] - The rise in the "new content" of Chinese foreign trade is linked to the global value chain's ascent and the practice of an open world economy [4] - The focus on technological breakthroughs and green transformation is paving the way for high-quality development in China's foreign trade [4]
券商批量调整评级!这些股票被上调
券商中国· 2025-05-04 10:07
与此同时,近期遭券商下调评级的股票数量也创下年内小高峰,包括煤炭、旅游酒店等板块的多只股票被下调 评级。 AI及机器人板块多股评级被上调 随着上市公司2024年年报及2025年一季报披露完毕,券商分析师也马不停蹄地跟踪最新数据并撰写研报。 东方财富Choice数据显示,过去一周(4月27日至5月3日),券商上调19只股票评级,其中科技股数量众多, 主要集中在AI及机器人等相关板块。 整体来看,券商近期上调评级的公司主要集中在业绩显著增长,行业景气度上升或困境反转的领域。值得注意 的是,科技板块受到不少分析师青睐,多只AI及机器人相关个股被分析师调高评级。 例如,天风证券近期上调铂科新材评级至"买入"。从业绩来看,铂科新材2024年归母净利润为3.76亿元,同比 上升46.9%。对于上调评级理由,天风证券称,铂科新材作为国内合金软磁粉芯龙头,站稳AI、光储新能源高 景气赛道,芯片电感打开第二成长极。 旅游及酒店板块也有多只个股评级被分析师下调。例如,国金证券近日下调锦江酒店评级为"增持",主要原因 是该公司短期经营数据仍有压力。锦江酒店一季报显示,该公司今年一季度净利为0.36亿元,同比下降81%。 东吴证券下 ...
兴业证券:Q1财报出口链A股公司实现良好开局 中高端制造业出海加速
智通财经网· 2025-05-04 08:47
Core Viewpoint - The export chain of listed companies in Q1 2025 is expected to perform well, driven by factors such as foreign trade enterprises "grabbing exports," accelerated expansion of mid-to-high-end products in overseas markets, and the ongoing efforts of the "Belt and Road" initiative. The net profit growth rate of the export chain in Q1 2025 is projected to be 15.33%, a significant increase of 14.54 percentage points compared to 2024A [1]. Group 1: Export Chain Performance - The net profit growth rate of the export chain in Q1 2025 is 15.33%, up from 0.80% in 2024A, outperforming the overall non-financial A-share market, which saw a decline of 12.94% [1]. - The export chain's performance indicates strong support from external demand over the past six months [1]. Group 2: Industry Overseas Revenue Proportion - As of the end of 2024, the highest overseas revenue proportion is in the electronics industry at 41.7%, followed by home appliances at 38.5% [2]. - Industries with over 20% overseas revenue proportions include automotive (26.5%), machinery manufacturing (23.8%), and light industry manufacturing (22.5%) [2]. - The light industry manufacturing sector saw a significant increase in overseas revenue proportion, rising by 4.76 percentage points compared to 2023 [2]. Group 3: Trends in Overseas Revenue - Since 2018, sectors such as automotive, personal care, and machinery have rapidly increased their overseas revenue proportions, reflecting a trend towards high-end, intelligent, and green exports [2]. - The electronics and communications sectors have experienced a noticeable decline in overseas revenue proportions due to geopolitical issues [2]. Group 4: Industry-Specific Developments - In 2024, industries such as non-ferrous metals and mid-to-high-end manufacturing have made significant progress in overseas business, with notable increases in overseas revenue proportions [4]. - The sectors with the most substantial marginal improvements in overseas revenue proportions include other electronics (+15.06 percentage points) and home goods (+9.23 percentage points) [4]. Group 5: Exposure to International Markets - The report categorizes industries based on their exposure to various international markets, highlighting those with high exposure to the U.S. and those with declining exposure [6]. - Industries currently with high exposure to the U.S. include home appliances, medical devices, and computer equipment, while sectors like communications and media have seen a decrease in U.S. exposure [6].
木林森(002745):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
Xin Lang Cai Jing· 2025-05-01 12:46
Core Viewpoint - The company reported a decline in revenue and net profit for 2024 and Q1 2025, primarily due to a decrease in overseas income and the impact of geopolitical tensions on the global LED lighting market [1][2]. Financial Performance - In 2024, the company achieved operating revenue of 16.91 billion yuan, a year-on-year decrease of 3.57%, and a net profit attributable to shareholders of 374 million yuan, down 13.06% [1]. - For Q1 2025, the company reported operating revenue of 3.886 billion yuan, a decline of 2.82% year-on-year, with a net profit of 143 million yuan, down 21.30% [1]. Market Analysis - The decline in 2024 was mainly attributed to a 9.04% drop in revenue from the brand Langdawans, which generated 9.647 billion yuan compared to 10.606 billion yuan in 2023. In contrast, the brand Mulinsen saw a slight increase in revenue to 6.768 billion yuan from 6.580 billion yuan, driven by its influence in smart lighting and other sectors [2]. - The global LED lighting market is expected to recover in 2025, with a projected market size of 56.626 billion USD, driven by economic recovery and increasing demand for high-quality and healthy lighting [2]. Future Outlook - The traditional lighting market is anticipated to remain the dominant force in global lighting market growth, particularly in emerging markets and renovation projects for old buildings [3]. - The company has adjusted its net profit forecasts for 2025 and 2026 to 681 million yuan (down 25.41%) and 1.037 billion yuan (down 9.75%), respectively, while introducing a new forecast of 1.149 billion yuan for 2027 [3]. - The company is recognized as a leading provider of LED packaging and lighting application solutions in China, with a positive long-term development outlook and a maintained "buy" rating [3].
木林森(002745):跟踪报告之四: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
EBSCN· 2025-05-01 12:19
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 ...
欧普照明:探索智能照明生态,积极提升股东回报
Xinda Securities· 2025-05-01 02:23
证券研究报告 公司研究 [Table_ReportType] 公司点评报告 [Table_StockAndRank] 欧普照明(603515) 投资评级 上次评级 [Table_Author] 姜文镪 新消费行业首席分析师 执业编号:S1500524120004 邮 箱:jiangwenqiang@cindasc.com 龚轶之 新消费行业分析师 执业编号:S1500525030005 邮 箱:gongyizhi@cindasc.com 信达证券股份有限公司 CINDA SECURITIES CO.,LTD 北京市西城区宣武门西大街甲127号金隅大厦B 座 邮编:100031 [Table_Title] 欧普照明:探索智能照明生态,积极提升股东 回报 [Table_ReportDate] 2025 年 05 月 01 日 [Table_S 事件:公司ummar发布y]2024 年及 2025 年一季报。2024 公司实现收入 70.96 亿元 (同比-9.0%),归母净利润 9.03 亿元(同比-2.3%),扣非归母净利润 7.46 亿元(同比-12.0%);2025Q1 公司实现收入 14.91 亿元(同比 ...
欧普照明(603515):探索智能照明生态,积极提升股东回报
Xinda Securities· 2025-05-01 02:22
证券研究报告 公司研究 [Table_Author] 姜文镪 新消费行业首席分析师 执业编号:S1500524120004 邮 箱:jiangwenqiang@cindasc.com 龚轶之 新消费行业分析师 执业编号:S1500525030005 邮 箱:gongyizhi@cindasc.com 信达证券股份有限公司 CINDA SECURITIES CO.,LTD 北京市西城区宣武门西大街甲127号金隅大厦B 座 邮编:100031 [Table_Title] 欧普照明:探索智能照明生态,积极提升股东 回报 [Table_ReportDate] 2025 年 05 月 01 日 [Table_S 事件:公司ummar发布y]2024 年及 2025 年一季报。2024 公司实现收入 70.96 亿元 (同比-9.0%),归母净利润 9.03 亿元(同比-2.3%),扣非归母净利润 7.46 亿元(同比-12.0%);2025Q1 公司实现收入 14.91 亿元(同比-5.8%),归 母净利润 1.41 亿元(同比+16.8%),扣非归母净利润 0.88 亿元(同比 -14.7%)。尽管行业受地产下行影响 ...
QYResearch调研报告数据被引用案例集合 | 截止至4.30号(持续更新)
QYResearch· 2025-04-30 08:48
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 ...
中国银河:给予得邦照明增持评级
Zheng Quan Zhi Xing· 2025-04-30 05:24
汽车行业竞争导致车载照明业务毛利率承压。2024年我国汽车产销量同比分别增长3.7%和4.5%,实现历 史新高;其中新能源车产销量同比分别增长34.4%和35.5%,新能源汽车渗透率突破40%,较上一年提升 9.3PCT。但2024年汽车行业竞争激烈,竞争传递到上游配件企业。2024年公司车载业务板块实现营业收 入5.96亿元,同比下降4.43%;毛利率15.8%,同比减少3.45PCT。公司持续聚焦"车用照明+车载控制器"领 域,多个项目正式量产,实现了发光总成和主机厂客户的突破,与零跑汽车达成战略合作,业务稳步推 进。 中国银河(601881)证券股份有限公司杨策,何伟近期对得邦照明(603303)进行研究并发布了研究报告 《2024年&2025年一季报业绩点评:供应链全球化应对出口压力》,给予得邦照明增持评级。 得邦照明 核心观点 事件:2024年公司实现营业收入44.31亿元,同比下降5.66%;归母净利润合计达3.47亿元,同比下降 7.53%。2025年一季度,公司实现营业收入9.98亿元,同比下降8.09%;归母净利润0.62亿元,同比下降 17.11%。2021至2023年公司现金分红率分别为 ...