赞宇科技集团股份有限公司（以下简称"公司"）于2024年11月19日召开第六 届董事会第十八次会议，审议通过了《关于回购股份的方案》，公司拟使用自有 资金或银行专项贷款资金以集中竞价交易方式回购部分公司已在境内发行的人 民币普通股（A股）股票，用于后期实施股权激励或员工持股计划。本次回购股 份价格不超过13.99元/股（含），本次回购股份的资金总额为不低于人民币10,000 万元（含）且不超过人民币20,000万元（含），具体回购资金总额以回购结束时 实际回购使用的资金总额为准。公司本次回购股份的期限自董事会审议通过本次 回购股份方案之日起12个月内。具体内容详见公司在《证券时报》和巨潮资讯网 （www.cninfo.com.cn）上披露的《关于回购公司股份方案暨取得金融机构回购 专项贷款承诺函的公告》（公告编号：2024-050）、《关于以集中竞价交易方式 回购公司股份的回购报告书》（公告编号：2024-055）。 根据《上市公司股份回购规则》《深圳证券交易所上市公司自律监管指引第 9号——回购股份》等相关规定，现将公司截至上月末的回购进展情况公告如下： 证券代码：002637 证券简称：赞宇科技 公告编号 ...

赞宇科技(002637) 报告日期：2025 年 05 月 06 日 25Q1 业绩同环比改善，看好杜库达基地成长弹性 ——赞宇科技 2024 年报及 2025 一季报点评 事件 ❑ 4 月 22 日，公司发布 2024 年报：2024 年，公司实现营业收入 107.92 亿元，同比 +12.27%；实现归母净利润 1.35 亿元，同比+53.99%；加权平均净资产收益率为 3.64%，同比增加 1.22 个百分点。销售毛利率 6.88%，同比增加 0.70 个百分点； 销售净利率 1.16%，同比增加 0.69 个百分点。 其中，2024Q4 实现营收 32.28 亿元，同比+37.23%，环比+9.79%；实现归母净利 润 0.15 亿元，同比+154.13%，环比-49.72%；平均净资产收益率为 0.39%，同比 增加 1.12 个百分点，环比减少 0.41 个百分点。销售毛利率 6.42%，同比增加 1.76 个百分点，环比减少 0.91 个百分点；销售净利率 0.45%，同比增加 1.60 个 百分点，环比减少 0.47 个百分点。 ❑ 4 月 22 日，公司发布 2025 年一季报，2025Q1 ...

Investment Rating - The investment rating for the company is "Outperform" [1] Core Views - The report highlights that the increase in palm oil and other raw material prices supports product prices and profitability, with performance meeting expectations [1] - The company achieved a total revenue of 10.79 billion yuan in 2024, representing a year-on-year growth of 12.3%, and a net profit attributable to shareholders of 135 million yuan, reflecting a year-on-year increase of 54% [6][7] - The report emphasizes the growth in the daily chemical business and the oil chemical sector benefiting from rising palm oil prices, leading to increased product prices and profitability [6] Financial Data and Profit Forecast - Total revenue projections for the company are as follows: - 2024: 10.79 billion yuan - 2025: 12.71 billion yuan (YoY +17.8%) - 2026: 13.63 billion yuan (YoY +7.2%) - 2027: 14.90 billion yuan (YoY +9.4%) [2] - Net profit attributable to shareholders is forecasted as: - 2025: 349 million yuan - 2026: 423 million yuan - 2027: 471 million yuan [2] - The report projects earnings per share to be 0.74 yuan in 2025, 0.90 yuan in 2026, and 1.00 yuan in 2027 [2] Market Data - As of April 25, 2025, the closing price of the stock was 9.33 yuan, with a market capitalization of 4.131 billion yuan [3] - The stock has a price-to-earnings ratio of 32 for 2024, projected to decrease to 13 in 2025, 10 in 2026, and 9 in 2027 [2][3] Business Performance - The company reported a significant increase in sales volume in the daily chemical business, with a revenue of 4.501 billion yuan in 2024, a year-on-year growth of 32.43% [6] - The oil chemical segment's revenue was 6.121 billion yuan in 2024, with a slight increase in gross margin due to rising palm oil prices [6] - The OEM business is expected to grow significantly, contributing to stabilizing profit fluctuations in surface-active agents and oil chemical products [6]

Financial Performance - In 2024, the company achieved operating revenue of 10.792 billion yuan, a year-on-year increase of 12.27% [2] - The net profit attributable to shareholders reached 135 million yuan, up 53.99% year-on-year [2] - In Q1 2025, the company reported operating revenue of 3.427 billion yuan, a growth of 34.29% [2] - The net profit attributable to shareholders for Q1 2025 was 82.72 million yuan, reflecting a year-on-year increase of 61.69% [2] Asset and Liability Overview - As of the end of 2024, total assets amounted to 7.928 billion yuan, a growth of 0.90% from the beginning of the year [2] - Total liabilities were 4.122 billion yuan, increasing by 0.61% [2] - Net assets stood at 3.765 billion yuan, up 1.77% [2] - By the end of Q1 2025, total assets reached 8.673 billion yuan, a growth of 6.73% [2] - Total liabilities increased to 4.628 billion yuan, a rise of 12.47% [2] - Net assets were 3.736 billion yuan, reflecting a growth of 0.54% [2] Business Segments - The company generated 4.501 billion yuan from surfactants (including personal care products), a 32.43% increase year-on-year [3] - The gross profit margin for surfactants was 6.57%, up 1.52 percentage points from the previous year [3] - Sales volume of surfactants reached 809,000 tons, a growth of 40.15% [3] - Oil chemical products generated 6.121 billion yuan in revenue, a 3.1% increase year-on-year [3] - The gross profit margin for oil chemical products was 6.69%, up 0.21 percentage points [3] - Sales volume of oil chemical products was 805,900 tons, down 5.28% [3] Production Capacity - The company has an annual production capacity of 100,000 tons for liquid detergents in Jiangsu, and 500,000 tons each in Henan and Sichuan for personal care products [4] - Total OEM/ODM processing capacity for personal care products has reached 1.1 million tons [4] Strategic Advantages - The company leverages its technical and scale advantages in surfactant production to create an integrated supply chain model for personal care product processing [5] - The company engages in futures hedging to mitigate risks from raw material price fluctuations [5] - The company has established a strong R&D foundation, being recognized as a national high-tech enterprise [6] - The company aims to enhance its market share and competitiveness through continuous technological innovation and industry chain extension [6]

Investment Rating - The investment rating for the company is "Outperform the Market" [5][26][29] Core Views - The company is a leading domestic enterprise in surfactants and oil chemical products, with steady progress in OEM/ODM projects. The current surfactant production capacity is 1.2 million tons per year, with an additional 220,000 tons under construction. The oil chemical capacity stands at 1.08 million tons, with 210,000 tons also under construction. The OEM/ODM processing capacity for personal care products has reached 1.1 million tons [1][10] - The increase in raw material prices has driven a year-on-year profit growth for the company. In 2024, the company achieved a revenue of 10.792 billion yuan, a year-on-year increase of 12.27%, and a net profit attributable to shareholders of 135 million yuan, a year-on-year increase of 53.99% [2][20] - The company's OPO and other oil chemical products, along with the gradual ramp-up of OEM/ODM personal care capacity, are expected to drive profitability upwards in 2025. The global demand for OPO is estimated at 100,000 tons, corresponding to a market space of 5 billion yuan, primarily relying on imports [3][24] - The company's share repurchase plan is progressing steadily, reflecting management's confidence in the company's long-term development. The total amount for the repurchase plan is between 100 million to 200 million yuan, with 204,950 shares repurchased as of April 8, 2025 [4][25] Summary by Sections Company Overview - The company is a leading player in the domestic surfactant and oil chemical industry, with significant production capacities in surfactants and OEM/ODM services [1][10] Financial Performance - In 2024, the company reported a revenue of 10.792 billion yuan, a 12.27% increase year-on-year, and a net profit of 135 million yuan, up 53.99% year-on-year. The total assets reached 7.928 billion yuan, with a debt ratio of 51.99%, down 0.15 percentage points from the beginning of the year [2][20][15] Capacity Expansion - The company plans to gradually ramp up its OPO production capacity from the current 20,000 tons, with expectations of generating revenue in 2025. The total OEM/ODM capacity is 1.1 million tons, with significant contributions expected from new capacities in Henan and Sichuan starting in the second half of 2024 [3][24] Share Repurchase and Management Confidence - The ongoing share repurchase plan indicates management's confidence in the company's intrinsic value and sustainable development. The repurchased shares will be used for employee stock ownership plans, aligning the interests of shareholders and the core team [4][25]

Core Viewpoint - Zanyu Technology Group Co., Ltd. reported a complex financial situation for the year 2024, with a significant increase in net profit excluding non-recurring gains, while operating cash flow declined sharply [1] Financial Performance Summary - Revenue for 2024 reached 10,791,534,384.26 yuan, a 12.27% increase from 9,611,722,875.37 yuan in the previous year [2] - The daily chemical business generated revenue of 4.501 billion yuan, up 32.43%, with a gross margin of 6.57%, an increase of 1.52 percentage points, and sales volume growth of 40.15% [2] - The oil chemical business reported revenue of 6.121 billion yuan, a 3.1% increase, with a gross margin of 6.69%, up 0.21 percentage points, but a sales volume decline of 5.28% [2] Profitability Analysis - Net profit attributable to shareholders was 135,332,120.95 yuan, a 53.99% increase, while net profit excluding non-recurring gains surged 207.27% to 113,183,828.34 yuan [3] - The increase in net profit was driven by rising raw material prices leading to higher product prices and increased main business profits [3] - Non-recurring gains totaled 22,148,292.61 yuan, including asset disposal gains and government subsidies [3] Earnings Per Share - Basic earnings per share rose to 0.29 yuan, a 52.63% increase from 0.19 yuan in the previous year, while diluted earnings per share also reflected improved profitability [4] Expense Analysis - Overall expenses remained stable, with sales expenses at 57,338,948.30 yuan, up 4.46%, management expenses down 1.56% to 215,942,579.58 yuan, and R&D expenses at 96,877,197.93 yuan, up 2.34% [5] - Financial expenses decreased significantly by 25.49% to 80,717,367.27 yuan, benefiting from lower interest rates and currency depreciation [5] Cash Flow Situation - Operating cash flow net amount was 320,602,607.52 yuan, down 40.96%, with cash inflows increasing by 4.08% and outflows by 6.34% [6] - Investment cash flow net amount was -161,760,258.18 yuan, up 63.00%, mainly due to reduced cash payments for long-term asset purchases [6] - Financing cash flow net amount was -543,530,776.98 yuan, down 487.98%, primarily due to bank loan repayments [6] R&D Investment - R&D investment amounted to 96,877,197.93 yuan, a 2.34% increase, representing 0.90% of revenue [7] - The number of R&D personnel decreased by 12.27% to 193, which may impact future innovation capabilities [8]

证券代码：002637 证券简称：赞宇科技 公告编号：2025-019 赞宇科技集团股份有限公司 关于2025年度开展期货套期保值业务的公告 本公司及董事会全体成员保证本公告内容的真实、准确和完整，不存在虚假 记载、误导性陈述或者重大遗漏。 重要内容提示： 1、为规避原材料价格波动给公司经营带来的风险，控制公司生产成本，保 证公司主营业务健康、稳定增长，公司拟使用自有资金开展期货套期保值业务。 交易品种仅限于与公司生产经营和产业链经营相关的产品和生产所需原材料。交 易工具为在境内外期货交易所挂牌交易的与公司生产经营业务相关的期货合约。 根据业务实际需要，公司在套期保值业务中投入的最高保证金和权利金金额不超 过人民币1亿元；任一交易日持有的最高合约价值不超过人民币8亿元，采用滚动 建仓方式，额度可以循环使用。 2、本次期货套期保值业务的开展已经公司第六届董事会第二十次会议审议 通过，尚需提交公司股东会审议。 3、风险提示：公司开展套期保值业务，以套期保值为原则，不以套利、投机 为目的，主要为有效规避原料价格波动对公司带来的影响，但也存在一定的风 险，提醒投资者充分关注投资风险。 一、开展期货套期保值业务概述 1 ...

证券代码：002637 证券简称：赞宇科技 公告编号：2025-018 赞宇科技集团股份有限公司 关于为参股公司提供财务资助的公告 本公司及董事会全体人员保证公告内容真实、准确和完整，并对公告中的 虚假记载、误导性陈述或者重大遗漏承担责任。 2025年4月20日，赞宇科技集团股份有限公司（以下简称"公司"）第六届董 事会第二十次会议审议通过《关于为参股公司提供财务资助的议案》。2022年12 月20日，公司将持有的武汉新天达美环境科技股份有限公司（以下简称"新天达 美"）40%股权转让给湖北景福实业有限公司。股东变更等工商手续于2022年12 月30日完成。公司持有新天达美33.815%股权，新天达美不再纳入公司合并报表 范围内。新天达美作为本公司控股子公司期间，公司为支持其日常经营向其提供 股东借款。上述借款在股权转让后被动形成公司对参股公司提供财务资助，该项 业务实质为公司对原合并报表范围内子公司日常经营性借款的延续。为保障新天 达美维护其正常经营，董事会同意公司对新天达美提供财务资助。具体情况如下： 一、财务资助情况概述 （一）公司为新天达美提供财务资助情况 截至目前，公司被动形成向新天达美提供财务资助 ...

赞宇科技集团股份有限公司 关于开展外汇套期保值业务的可行性分析报告 一、公司开展外汇套期保值业务的背景 赞宇科技集团股份有限公司（以下简称"公司"）及子公司日化及油脂化工 业务规模不断扩大，日常经营中进出口业务规模逐渐扩大，受国际宏观形势及 多重不确定因素影响，外汇市场波动将给公司经营业绩造成一定影响。为提高 公司及子公司应对外汇波动风险的能力，更好地规避和防范公司所面临的外汇 汇率波动风险，增强公司财务稳健性，降低汇率波动对公司利润和股东权益造 成的不确定性，公司适度地开展外汇套期保值业务，有利于加强公司的外汇风 险管控能力。 二、公司开展的外汇套期保值业务概述 公司开展的外汇套期保值业务品种包括但不限于远期结售汇、人民币和其 他外汇的掉期业务、远期外汇买卖、外汇掉期、外汇期权等。公司开展的外汇 套期保值业务交易品种均为与公司业务密切相关的简单外汇衍生产品，与公司 业务在品种、规模、方向、期限等方面相互匹配，以遵循公司外汇套期保值业 务合法、谨慎、安全和有效的原则。 三、公司开展外汇套期保值业务的必要性和可行性 随着人民币定价机制趋于透明，汇率市场化改革提速推进，汇率和利率波 动幅度不断加大，外汇市场不确定 ...

2 环境、社会及治理报告 ENVIRONMENTAL,SOCIAL AND GOVERNANCE REPORT 赞 宇 科 技 集 团 股 份 有 限 公 司 Z A N Y U T E C H N O L G G Y G R O U P C O., L T D 2 O 2 4 STMETMO | 开篇 | | | --- | --- | | 关于本报告 | 01 | | 关于赞宇科技 | 03 | | 荣誉资质 | 07 | | ESG治理 | 08 | | ﺍﻟﻤﺴﺘﻘﻠﺔ ﺍﻟﻤ | | | | --- | --- | --- | | 1 | | | | Selec | | | | | 1000 11 11 | | | - 10/14/2 | All Come | | | | | | | 规范公司治理 | 13 | 打造幸福职场 | 23 | 履行环境责任 | 31 | 筑牢安全屏障 | 49 | 携手伙伴共进 | 57 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 三会运营 | 15 | 劳工权益保护 | 25 | ...