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罗莱生活(002293) - 002293罗莱生活投资者关系管理信息20250825
2025-08-25 10:14
股票代码:002293 证券简称:罗莱生活 罗莱生活科技股份有限公司 编号:2025-08-25 | | ☑ 特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活 | □媒体采访 □业绩说明会 | | 动类别 | □新闻发布会 □路演活动 | | | □现场参观 | | | □其他(请文字说明其他活动内容) | | | 申万宏源证券 王立平、求佳峰;三井住友德思资管、杨畅;恒安标准 | | | 人寿 李元玮;合煦智远基金 张夺;华泰资管 朱南钰;仁桥资产 谢雨 | | | 阳;明河投资 张翎、姚咏絮;晨燕资产 倪耿皓;华安基金 张峦;宁 | | | 泉资产 浦嘉懿;工银瑞信基金 李迪;君茂资本 张明蕾、高新宇;华 | | | 泰保兴基金 付梦阳;国投瑞银 綦缚鹏;安信基金 陈相合;九泰基金 刘 | | | 科岑;交银施罗德 高逸云;方正证券 陈佳妮;摩根大通 姚倩、樊荣; | | | 山西证券 王冯、孙萌;国泰海通证券 盛开、钟启辉;光大保德信基 | | | 金 张禹;处厚沁慕基金 程锋;安信证券资管 胡红伟;中国国金 王凯; | | 活动参与人员 | 中兴威投资 卢晓冬;东北证券自营 ...
纺织服饰行业事件点评报告:罗莱生活家纺业务延续回升势头 南山智尚高端新材料持续发力
Xin Lang Cai Jing· 2025-04-29 02:43
Group 1: Nanshan Zhishang High-end New Materials Industry - The company reported a Q1 2025 revenue of 362 million yuan, a year-on-year increase of 0.72% [1] - The overall gross margin was 32.5%, a slight decline of 0.3 percentage points year-on-year, while the gross margin for ultra-high molecular polyethylene fiber significantly improved to 28% [1] - The net profit attributable to shareholders was 37.3 million yuan, up 0.86% year-on-year, and the net profit after deducting non-recurring items was 35.93 million yuan, an increase of 12.84% year-on-year [1] - The company achieved significant results in its high-end new materials sector, with the ultra-high molecular polyethylene fiber project fully operational at 3600 tons [1] - A strategic partnership was established with Wuhan University and Wuhan Shouzhihua Innovation to advance humanoid robotics in research and material innovation [1] - The 80,000-ton nylon filament project is set to begin trial production in November 2024, marking a key breakthrough in the high-end new materials field [1] Group 2: Luolai Life Domestic Home Textile Business - The company reported a 2024 revenue of 4.56 billion yuan, a year-on-year decrease of 14.2%, impacted by a weak consumer environment [2] - The net profit attributable to shareholders was 430 million yuan, down 24.4% year-on-year, although the U.S. furniture business showed gradual improvement [2] - In Q1 2025, the company achieved a revenue of 1.09 billion yuan, a year-on-year increase of 0.57%, with domestic home textile business continuing its recovery [2] - The gross margin for domestic business improved significantly due to changes in channel structure, while the U.S. business margin remained stable [2] - The company’s net profit for Q1 2025 was 113 million yuan, a year-on-year increase of 26.3% [2] - The company is advised to focus on brand apparel and home textile sectors due to the ongoing domestic demand expansion policies [2]
罗莱生活(002293):公司信息更新报告:2025Q1盈利改善,看好补贴催化及自有产能提升
KAIYUAN SECURITIES· 2025-04-28 08:01
Investment Rating - The investment rating for the company is "Buy" (maintained) [3] Core Views - The company is expected to see profit improvement in Q1 2025, driven by subsidy catalysts and enhancements in its own production capacity [5] - The company plans to distribute a final dividend of 0.4 CNY per share, along with an interim dividend of 0.2 CNY per share, resulting in an annual dividend payout ratio of 115% [5] - The forecast for net profit attributable to the parent company for 2025-2027 is adjusted to 5.2 billion, 5.9 billion, and 6.5 billion CNY respectively, reflecting a decrease from previous estimates [5] Financial Performance Summary - In 2024, the company's revenue was 45.6 billion CNY, a year-on-year decrease of 14.2%, with net profit attributable to the parent company at 4.3 billion CNY, down 24.4% [5] - For Q1 2025, revenue was 10.9 billion CNY, showing a slight increase of 0.6%, while net profit attributable to the parent company was 1.1 billion CNY, up 26.3% [5] - The company's gross margin for 2024 and Q1 2025 was 48.0% and 46.0% respectively, with a year-on-year increase of 0.7 and 2.4 percentage points [8] Business Segment Insights - In the home textile segment, 2024 revenue was 37.4 billion CNY, down 12.4%, with various product lines experiencing different levels of decline [6] - The U.S. furniture segment faced challenges in 2024 with revenue at 8.2 billion CNY, a decrease of 21.5%, but showed signs of recovery with profitability in Q4 2024 and potential for breakeven in 2025 [7] Valuation Metrics - The current price-to-earnings (P/E) ratios for 2025, 2026, and 2027 are projected at 14.3, 12.7, and 11.6 times respectively [5] - The company's return on equity (ROE) is expected to improve from 10.2% in 2024 to 12.3% in 2025 [9]