Group 1: Investor Relations Activity Overview - The investor relations activity was conducted on December 6, 2024, at the company's conference room in Qingdao [2] - Attendees included representatives from Western Securities and the company's Chairman and General Manager, Mr. Li Jun [2] Group 2: Key Questions and Responses - **Harmonic Reducer Customer Expansion**: The company has completed the design of the entire series of harmonic reducers and is ready for mass production, currently engaging with potential customers and has received small batch orders from some [4] - **Semiconductor Industry Performance**: Orders in the semiconductor sector are gradually recovering, with the company experiencing stable growth compared to last year [5] - **Semiconductor Industry Layout**: The company focuses on products such as motor shafts and precision components for vacuum pumps, leveraging strong R&D capabilities and production processes to meet both new and existing customer needs while exploring domestic substitution opportunities [5] - **Future Capacity Planning**: The company has sufficient capacity and will adjust production lines based on customer demand and order situations, with a new temperature and humidity-controlled workshop established in the new factory [6] - **2025 Outlook**: The company anticipates significant growth potential in the precision component manufacturing sector, supported by national industrial policies, and aims to enhance market expansion through ongoing collaboration with leading industry clients [7]

Product Development and Market Expansion - Harmonic reducer series design completed and internal technical verification passed, ready for mass production [4] - Actively engaging with potential customers, some have placed small batch orders [4] - Semiconductor industry orders gradually recovering, showing steady improvement compared to last year [5] - Focus on developing new customers and acquiring new projects from existing clients in the semiconductor sector [5] Semiconductor Industry Strategy - Main products in the semiconductor field include motor shafts, robot components, guide rails, servo motor shafts, and vacuum pump precision parts [5] - Strong technical R&D capabilities, advanced production equipment, and fine management ensure stable supply to clients [5] - Exploring opportunities for domestic substitution in the semiconductor industry [5] Capacity and Production Line Planning - Current production capacity is sufficient, with plans to adjust based on downstream customer demand, order status, and future development [6] - New factory (Shanghe Factory) equipped with constant temperature and humidity workshops to support precision product manufacturing [6] Future Outlook and Growth Strategy - Over 20 years of experience in precision parts manufacturing, focusing on industries like semiconductors, industrial automation, automotive, and rail transportation [7] - These industries have large market potential and are supported by national industrial policies, indicating significant growth opportunities [7] - Maintaining strong partnerships with leading companies in various sectors, continuously optimizing technology and management capabilities [7] - Accelerating the development of harmonic reducers and actively engaging with potential clients to achieve market expansion and business growth [7]

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Views - The company's Q3 2024 performance shows steady growth, with revenue increasing by 29.44% YoY to 183 million yuan and net profit attributable to shareholders rising by 35.68% YoY to 22 million yuan [2] - The company's gross margin increased significantly by 6.03 percentage points to 36.79% in Q1-Q3 2024, driven by higher-margin processing orders [3] - The company is developing harmonic reducers as a second growth curve, with a planned investment of 250 million yuan for a new production facility [4] Financial Performance - Revenue for 2024 is forecasted to reach 273.08 million yuan, a 29.37% increase YoY, with net profit attributable to shareholders expected to grow by 36.11% to 48.42 million yuan [1] - The company's EPS for 2024 is projected to be 0.26 yuan per share, with a P/E ratio of 81.37 [1] - The company's operating cash flow for 2024 is expected to be 77 million yuan, a significant increase from 46 million yuan in 2023 [12] Growth Drivers - The company has strong technical capabilities and quality control, leading to high precision and stable product quality [4] - The company has established long-term relationships with high-quality customers, including THK, Yaskawa Electric, and Edwards, providing a stable source of revenue [4] - The company's investment in harmonic reducers is expected to open up new growth opportunities in industries such as industrial and service robotics [4] Valuation and Forecast - The company's revenue is expected to grow to 343.77 million yuan by 2026, with net profit attributable to shareholders reaching 65.30 million yuan [1] - The company's P/E ratio is forecasted to decrease to 60.34 by 2026, reflecting strong growth potential [1] - The company's ROE is expected to increase to 11.60% by 2026, indicating improving profitability [12]

证券代码：430510 证券简称：丰光精密 公告编号：2024-083 2、会议召开地点：青岛胶州市胶州湾工业园太湖路 2 号公司二楼会议室。 3、会议召开方式：以现场与通讯相结合的方式召开。 4、发出董事会会议通知的时间和方式：2024 年 10 月 23 日青岛丰光精密机 械股份有限公司（以下简称"公司"）以书面方式向各位董事发出召开董事会会 议的通知。 5、会议主持人：会议由董事长李军先生主持。 6、会议列席人员：全体监事、高级管理人员。 青岛丰光精密机械股份有限公司 第四届董事会第十五次会议决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个 别及连带法律责任。 一、会议召开和出席情况 （一）会议召开情况 1、会议召开时间：2024 年 10 月 29 日 具体内容详见公司在北京证券交易所信息披露平台（http://www.bse.cn/）发 布的《2024 年三季度报告》（公告编号：2024-085）。 2、议案表决结果：同意 8 票；反对 0 票；弃权 0 票。 7、召开情况合法、合规、合章程性说明： 会议 ...

（一）会议召开情况 4、发出监事会会议通知的时间和方式：2024 年 10 月 23 日青岛丰光精密机 械股份有限公司（以下简称"公司"）以书面方式向各位监事发出召开监事会会 议的通知。 5、会议主持人：会议由监事会主席刘政先生主持。 6、召开情况合法、合规、合章程性说明： 证券代码：430510 证券简称：丰光精密 公告编号：2024-084 青岛丰光精密机械股份有限公司 第四届监事会第十三次会议决议公告 本公司及监事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、会议召开和出席情况 根据北京证券交易所季度报告及摘要披露及编制相关规定，公司监事会对公 司《2024 年第三季度报告》进行了审核，并发表意见如下： 会议的召开符合《公司法》、《公司章程》、《监事会议事规则》等相关规定。 （二）会议出席情况 会议应出席监事 3 人，出席监事 3 人。 二、议案审议情况 根据相关法律法规和规范性文件以及《青岛丰光精密机械股份有限公司章 1 1、会议召开时间：2024 年 10 月 29 日 2、会议召开地点：青岛胶州市 ...

Financial Performance - Net profit attributable to shareholders for the first nine months of 2024 was ¥21,970,450.72, representing a growth of 35.68% year-on-year[5]. - Operating income for Q3 2024 was ¥63,563,722.84, up 23.84% from ¥51,327,812.45 in Q3 2023[6]. - Total operating revenue for the first nine months of 2024 reached ¥183,015,479.06, an increase of 29.5% compared to ¥141,392,539.18 in the same period of 2023[25]. - The total profit for Q3 2024 was ¥24,214,451.95, an increase of 49.3% from ¥16,204,291.62 in Q3 2023[26]. - The company's operating profit for Q3 2024 was ¥24,338,526.89, compared to ¥16,904,118.13 in Q3 2023, reflecting a growth of 44.5%[26]. - The net profit for Q3 2024 was ¥21,970,450.72, up from ¥16,193,164.50 in Q3 2023, representing a growth of 35.5%[27]. - The total comprehensive income for Q3 2024 was ¥21,966,780.72, compared to ¥16,231,761.15 in Q3 2023, marking a growth of 35.5%[27]. Cash Flow - The net cash flow from operating activities for the first nine months of 2024 was ¥44,746,790.36, a 12.76% increase compared to the same period last year[5]. - The company's cash and cash equivalents increased to ¥33,299,652.22 from ¥15,894,155.52, showing a significant rise of 109.8%[19]. - Cash inflow from financing activities totaled CNY 68,800,000.00, significantly higher than CNY 15,800,000.00 in Q3 2023[32]. - The company reported a net increase in cash and cash equivalents of CNY 17,405,599.44 for Q3 2024, contrasting with a decrease of CNY 39,918,547.13 in Q3 2023[32]. - The company's total cash inflow from operating activities for the first nine months of 2024 was CNY 221,478,629.33, compared to CNY 173,714,560.86 in the same period last year, marking a growth of 27.5%[33]. Assets and Liabilities - Total assets as of September 30, 2024, reached ¥574,719,614.26, an increase of 4.24% compared to the end of 2023[4]. - The company's debt-to-asset ratio (consolidated) increased to 30.26% from 22.25% at the end of 2023[4]. - Total liabilities rose to ¥173,935,511.77 yuan, up from 122,660,691.57 yuan, indicating an increase of approximately 42%[21]. - The company's equity attributable to shareholders decreased to 400,784,102.49 yuan from 428,687,970.86 yuan, reflecting a decline of about 6.5%[21]. - The company's inventory increased to 45,541,417.97 yuan from 38,403,422.82 yuan, marking a rise of approximately 18.5%[19]. - The accounts receivable decreased to 79,824,784.69 yuan from 85,576,369.05 yuan, a decline of about 6.5%[19]. Shareholder Information - The total number of unrestricted shares increased to 87,641,679, representing 47.58% of the total share capital[12]. - The total share capital reached 184,213,929 shares, with a net increase of 52,632,551 shares during the reporting period[12]. - The largest shareholder, Qingdao Fengguang Investment Management, holds 102,613,000 shares, accounting for 55.70% of the total shares[13]. - The company has initiated a share repurchase plan, which was approved by the board on June 19, 2024[15]. - The company completed a share repurchase of 3,000,000 shares, accounting for 1.63% of the total share capital, with a total transaction amount of 34,080,883.73 yuan, which is 57.29% of the planned repurchase fund[17]. Research and Development - Research and development expenses for the first nine months of 2024 were ¥10,805,871.26, slightly up from ¥10,749,104.82 in the same period of 2023[25]. - The company's research and development expenses for the first nine months of 2024 were ¥10,805,871.26, slightly up from ¥10,749,104.82 in the same period of 2023[28]. Financial Ratios - Basic earnings per share for the first nine months of 2024 was ¥0.12, up 33.33% from ¥0.09 in the same period last year[5]. - The weighted average return on equity based on net profit attributable to shareholders was 5.17%, up from 4.04% in the previous year[5]. - Basic and diluted earnings per share for the current period were CNY 0.12, up from CNY 0.09 in the same period last year[11]. Other Financial Information - The company reported a credit impairment loss of ¥149,905.31 for the first nine months of 2024, compared to ¥62,572.97 in the same period of 2023[28]. - The company's financial expenses for the first nine months of 2024 were ¥2,209,678.43, significantly higher than ¥199,718.01 in the same period of 2023, indicating increased financial costs[28]. - The company reported a significant increase in short-term borrowings, which rose by 1,159.86% to ¥63,054,655.54, used to supplement working capital[8].

Investment Rating - The report maintains a "Recommended" rating for the company [5]. Core Views - The company reported a significant increase in revenue and net profit for the first half of 2024, with operating income reaching 119 million yuan, a year-on-year growth of 32.63%, and a net profit attributable to shareholders of 13.97 million yuan, up 324.62% [3]. - The growth in revenue is attributed to increased demand in downstream markets, particularly in semiconductor equipment manufacturing, processing, and automotive products [3]. - The company's gross margin improved to 37.13%, and net margin reached 11.70%, reflecting successful market expansion and increased sales of high-margin products [3]. - The company is investing in harmonic reducers, aiming to create a second growth curve, with a planned investment of 250 million yuan for a production project [3]. Summary by Sections Financial Performance - In the first half of 2024, the company achieved operating income of 119 million yuan, a 32.63% increase year-on-year, and a net profit of 13.97 million yuan, a 324.62% increase [3]. - The weighted ROE for the first half of 2024 was 3.23%, with earnings per share of 0.08 yuan [3]. Market Expansion - The company has successfully expanded its market presence, leading to increased revenue from new customers and projects [3]. - The revenue contributions from processing, product sales, and other segments were 23 million yuan, 92 million yuan, and 4 million yuan, respectively, with year-on-year growth rates of 35.43%, 29.35%, and 129.15% [3]. Research and Development - The company allocated 5.78% of its operating income to R&D, continuing to enhance its innovation capabilities, and has recently obtained 7 new patents [3]. Future Outlook - Revenue projections for 2024-2026 are estimated at 251 million yuan, 289 million yuan, and 331 million yuan, with net profits of 42 million yuan, 48 million yuan, and 55 million yuan, respectively [4]. - The company is expected to benefit from favorable policies aimed at strengthening domestic supply chains, particularly in the industrial automation sector [3].

2、会议召开地点：青岛胶州市胶州湾工业园太湖路 2 号公司二楼会议室。 3、会议召开方式：以现场与通讯相结合的方式召开。 4、发出董事会会议通知的时间和方式：2024 年 8 月 16 日青岛丰光精密机 械股份有限公司（以下简称"公司"）以书面方式向各位董事发出召开董事 会会议的通知。 证券代码：430510 证券简称：丰光精密 公告编号：2024-079 青岛丰光精密机械股份有限公司 第四届董事会第十四次会议决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个 别及连带法律责任。 一、会议召开和出席情况 （一）会议召开情况 1、会议召开时间：2024 年 8 月 28 日 5、会议主持人：会议由董事长李军先生主持。 6、会议列席人员：全体监事、高级管理人员。 7、召开情况合法、合规、合章程性说明： 会议的召开符合《公司法》、《公司章程》、《董事会议事规则》等相关规 定。 （二）会议出席情况 会议应出席董事 8 人，出席和授权出席董事 8 人。 董事李庆党因工作原因以通讯方式参与表决。 二、议案审议情况 （一）审议通过 ...

Production and Innovation - The company has completed the design of the entire series of harmonic reducers and is ready for mass production to meet market demand [2]. - A total of 7 new utility model patents were added during the reporting period, bringing the total to 165 valid patents, including 155 utility model patents and 10 invention patents [3]. - The company is accelerating the construction of the Shanghai Cooperation Organization factory, which is currently in the decoration phase and planning for production-related work [4]. - The company is focused on developing new technologies and products to enhance its market competitiveness [2]. - The company plans to continue expanding its layout in the precision reducer field and accelerate the industrialization of harmonic reducers [2]. - The company is actively expanding its market presence by developing new products and enhancing customer communication [27]. - The company is enhancing production efficiency through optimized processes and advanced equipment, aiming to reduce production costs [26]. - The company is currently engaged in over 10 key research and development projects, focusing on intelligent manufacturing systems and industrial robotics [66]. Financial Performance - The company's operating revenue for the first half of 2024 was ¥119,451,756.22, representing a 32.63% increase compared to ¥90,064,726.73 in the same period last year [18]. - The net profit attributable to shareholders was ¥13,970,337.69, a significant increase of 324.62% from ¥3,290,060.24 year-on-year [18]. - The gross profit margin improved to 37.13%, up from 28.09% in the previous year [18]. - Total assets increased by 5.57% to ¥582,055,182.60, while total liabilities rose by 26.51% to ¥155,181,710.26 [19]. - The company's debt-to-asset ratio (consolidated) was 26.66%, up from 22.25% at the end of the previous year [19]. - The net cash flow from operating activities was ¥40,815,167.37, compared to ¥27,259,659.86 in the same period last year [20]. - The weighted average return on equity based on net profit attributable to shareholders was 3.23%, up from 0.83% in the previous year [18]. - The company achieved operating revenue of 119.45 million yuan, a year-on-year increase of 32.63% [26]. - Net profit attributable to shareholders reached 13.97 million yuan, reflecting a significant year-on-year growth of 324.62% [26]. Market Trends and Industry Insights - The manufacturing industry grew by 6.5% in the first half of 2024, indicating a stable recovery [28]. - The revenue of the national metal products industry reached 2,207.08 billion yuan, with a year-on-year growth of 3.7% [28]. - The total profit of the national metal products industry increased by 9.3% to 72.25 billion yuan in the first half of 2024 [28]. - The harmonic reducer market in China is projected to grow from CNY 2.1 billion in 2022 to CNY 2.49 billion in 2023, with an expected increase to CNY 2.94 billion in 2024 and over CNY 3.3 billion in 2025 [30]. - In the automotive sector, vehicle production and sales reached 13.89 million and 14.04 million units respectively in the first half of 2024, representing year-on-year growth of 4.9% and 6.1% [30]. Corporate Governance and Risk Management - The company has established a robust corporate governance structure to ensure transparency and fairness in decision-making, addressing risks associated with the actual controller's influence [48]. - The company is committed to strengthening financial risk management through effective monitoring mechanisms and emergency fund reserves to ensure financial stability [47]. - The company has implemented a customer feedback mechanism to optimize customer experience and increase satisfaction and loyalty [47]. - The company aims to diversify its market and industry presence to reduce reliance on a single market, which is part of its risk mitigation strategy [47]. - The company has established a bad debt provision policy in accordance with accounting standards, with 83.27% of accounts receivable being less than three months old, indicating a relatively high quality of receivables [48]. Shareholder and Equity Information - The company distributed cash dividends of 52.6326 million shares to all shareholders, with a cash dividend of 1.20 RMB (including tax) per 10 shares [4]. - The total share capital increased from 131,581,378 shares to 184,213,929 shares following a stock dividend distribution of 4 shares for every 10 shares held [58]. - The proportion of unrestricted shares held by the controlling shareholder decreased from 47.58% to 47.50% after the stock dividend distribution [57]. - The company plans to repurchase between 2,000,000 and 3,000,000 shares, representing 1.09%-1.63% of the total share capital, with an estimated total repurchase fund of 39.66 million to 59.49 million RMB [52]. - As of July 30, 2024, the company completed the repurchase of 3,000,000 shares at a total transaction amount of 34,080,883.73 RMB, which is 57.29% of the upper limit of the planned repurchase fund [52]. Employee and Talent Management - The company maintains a strong emphasis on talent development and employee training to foster core competencies [45]. - The total number of employees rose to 509, an increase of 60 employees or approximately 13.4% compared to the previous period [68]. - The company has established a talent management system to attract and retain skilled personnel amid increasing competition for technical talent [49]. - The company has implemented measures to enhance employee satisfaction and retention through competitive compensation and a positive work environment [49]. - The company has shown significant increases in various employee-related expenses, indicating a focus on workforce investment [200]. Financial Reporting and Compliance - The company’s financial report has not been audited, ensuring transparency in its financial disclosures [7]. - The company is committed to maintaining the accuracy and completeness of its financial reporting, as guaranteed by its management [7]. - The financial report was approved by the board of directors on August 28, 2024 [97]. - The company has not experienced any changes in accounting policies or estimates compared to the previous year's financial statements [92]. - The company adheres to the relevant accounting standards, ensuring that the financial statements accurately reflect its financial position as of June 30, 2024, and the operating results for the first half of 2024 [101].

证券代码：430510 证券简称：丰光精密 公告编号：2024-080 青岛丰光精密机械股份有限公司 第四届监事会第十二次会议决议公告 本公司及监事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、会议召开和出席情况 6、召开情况合法、合规、合章程性说明： 会议的召开符合《公司法》、《公司章程》、《监事会议事规则》等相关规定。 （二）会议出席情况 会议应出席监事 3 人，出席监事 3 人。 二、议案审议情况 根据相关法律法规和规范性文件以及《青岛丰光精密机械股份有限公司章 1 （一）会议召开情况 4、发出监事会会议通知的时间和方式：2024 年 8 月 16 日青岛丰光精密机 械股份有限公司（以下简称"公司"）以书面方式向各位监事发出召开监事会会 议的通知。 5、会议主持人：会议由监事会主席刘政先生主持。 根据北京证券交易所半年度报告及摘要披露及编制相关规定，公司监事会对 公司《2024 年半年度报告及摘要》进行了审核，并发表意见如下： 1、会议召开时间：2024 年 8 月 28 日 2、会议召开地点：青岛胶州 ...