截至发稿，浩洋股份市值为60亿元。 每经头条（nbdtoutiao）——5万亿ETF的370名基金经理薪酬大揭秘！他们的日常工作，就是跟着指数 买股票吗？ 2024年1至12月份，浩洋股份的营业收入构成为：演艺灯光设备占比100.0%。 （记者 王晓波） 每经AI快讯，浩洋股份（SZ 300833，收盘价：47.16元）发布公告称，2025年9月18日至2025年9月19 日，浩洋股份接受中泰证券等投资者调研，公司董事会秘书劳杰伟参与接待，并回答了投资者提出的问 题。 ...

证券研究报告 公司研究 [Table_ReportType] 公司点评报告 [Table_StockAndRank] 浩洋股份(300833) 投资评级 上次评级 姜文镪 新消费行业首席分析师 执业编号：S1500524120004 邮箱：jiangwenqiang@cindasc.com [Table_S 下游需求乐观。 ummary]Live Nation Q2 收入同比+16.3%（ Q1 同比-11.0%），其中演唱 会/门票收入同比分别+19%/+2%（ Q1 同比分别-14%/-4%）。北美市场表现平 稳，欧洲、亚太需求强劲，粉丝数量增长优异，且公司对 25H2 增长趋势保持信 心。 代工&品牌订单共振修复。我们判断，公司 Q2 收入承压主要系美国市场受关税 扰动下滑显著，以及国内竞争加剧 行业出口受阻后转内销），非美地区整体表 现稳定；盈利下滑主要系费用摊销不足，且新增 SGM 投入、汇兑扰动等，毛利 率保持高位稳定、印证关税传导能力。我们预计，伴随 1）新产品放量、2）代 工前期受自主品牌扩张影响阶段性收缩的客户订单逐步回流、3）自主品牌订单 关税扰动减弱后逐步回暖，整体公司发货&订单体量或已 ...

Group 1: Company Performance and Sales - In 2024, the company's sales volume of performance equipment decreased from 93,400 units in 2023 to 89,800 units, with a sales rate dropping below 90% [1] - The company's revenue for 2024 was approximately RMB 1.212 billion, with a net profit of about RMB 302 million, reflecting a year-on-year revenue decline of 7.12% [9] - The first quarter of 2025 saw a significant decline in both revenue and net profit due to the ongoing investment in the newly acquired Danish company SGM, which has led to increased costs [2] Group 2: Market Strategy and Customer Concentration - The top five customers accounted for 56.28% of the total annual sales, raising concerns about the stability of the company's operations [2] - The company plans to enhance its domestic market presence, which currently only accounts for 11.21% of sales in 2024, by integrating technology and market resources [6] Group 3: Research and Development - In 2024, the company's R&D investment reached RMB 85.85 million, representing a year-on-year increase of 51.05% [8] - The company aims to maintain or improve its gross margin and operational quality through continuous product innovation and development [4] Group 4: Competitive Advantages and Future Plans - The company holds significant competitive advantages, including product and brand recognition, with 119 new patents granted in 2024, including 33 domestic and foreign invention patents [5] - Future growth strategies include expanding product lines and enhancing market penetration through continuous innovation and deeper collaboration with existing customers [5]