北京德恒律师事务所 关于湖北戈碧迦光电科技股份有限公司 向不特定合格投资者公开发行股票 并在北京证券交易所上市 超额配售选择权实施情况的法律意见 北京市西城区金融街 19 号富凯大厦 B 座 12 层 电话：010-52682888 传真：010-52682999 邮编：100033 北京德恒律师事务所 关于湖北戈碧迦光电科技股份有限公司向不特定合格投资者 公开发行股票并在北京证券交易所上市超额配售选择权实施情况的法律意见 北京德恒律师事务所 关于湖北戈碧迦光电科技股份有限公司 向不特定合格投资者公开发行股票 并在北京证券交易所上市 超额配售选择权实施情况的法律意见 德恒 01F20240246-05 号 致：中信建投证券股份有限公司 北京德恒律师事务所（以下简称"本所"）受中信建投证券股份有限公司（以 下简称"主承销商"、"保荐机构"、"中信建投"）委托，指派本所律师就主 承销商承担与组织的湖北戈碧迦光电科技股份有限公司（以下简称"发行人"） 向不特定合格投资者公开发行股票并在北京证券交易所上市（以下简称"本次发 行"）进行全程见证，并依据《中华人民共和国证券法》、《北京证券交易所向 不特定合格投资者公开发 ...

本次超额配售选择权的实施情况具体如下： 一、本次超额配售情况 证券代码：835438 证券简称：戈碧迦 公告编号：2024-003 湖北戈碧迦光电科技股份有限公司 超额配售选择权实施公告 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。 湖北戈碧迦光电科技股份有限公司（以下简称"戈碧迦"、"发行人"或 "公司"）向不特定合格投资者公开发行股票并在北京证券交易所上市（以下 简称"本次发行"）超额配售选择权已于 2024 年 4 月 23 日行使完毕。中信建 投证券股份有限公司（以下简称"中信建投证券"）担任本次发行的保荐机构 （主承销商），为具体实施超额配售选择权操作的获授权主承销商（以下简称 "获授权主承销商"）。 根据《湖北戈碧迦光电科技股份有限公司向不特定合格投资者公开发行股 票并在北京证券交易所上市发行公告》（以下简称"《发行公告》"）公布的 超额配售选择权机制，中信建投证券已按本次发行价格 10.00 元/股于 2024 年 3 月 13 日（T日）向网上投资者超额配售300.00 万股，占初始发 ...

| 日期 | 代码 | 简称 | 成交价 | 成交数量（股） | 买入营业部 | 卖出营业部 | | --- | --- | --- | --- | --- | --- | --- | | 2024-04- | 832978 | 开特股份 | 6.31 | 175000 | 华源证券股份有限公 | 华泰证券股份有限公 司武汉新华路证券营 | | 23 | | | | | 司湖北分公司 | | | | | | | | | 业部 | | 2024-04- | | | | | 中信证券股份有限公 | 国投证券股份有限公 | | 23 | 833171 | 国航远洋 | 4.8 | 120000 | 司上海漕溪北路证券 | 司上海黄浦区中山东 | | | | | | | 营业部 | 二路证券营业部 | | 2024-04- | 835438 | 戈碧迦 | 16.63 | 110000 | 海通证券股份有限公 | 海通证券股份有限公 | | 23 | | | | | 司山西转型综合改革 | 司山西转型综合改革 | | | | | | | 示范区分公司 | 示范区分公司 | ...

| 日期 | 代码 | 简称 | 成交价 | 成交数量（股） | 买入营业部 | 卖出营业部 | | --- | --- | --- | --- | --- | --- | --- | | 2024-04- 22 | 832978 | 开特股份 | 6.33 | 171000 | 华源证券股份有限公 | 华泰证券股份有限公 司武汉新华路证券营 | | | | | | | 司湖北分公司 | | | | | | | | | 业部 | | 2024-04- | | | | | 国投证券股份有限公 | 中信证券股份有限公 | | 22 | 833171 | 国航远洋 | 3.3 | 120000 | 司上海黄浦区中山东 | 司上海漕溪北路证券 | | | | | | | 二路证券营业部 | 营业部 | | 2024-04- | | | | | 浙商证券股份有限公 | 浙商证券股份有限公 | | 22 | 870508 | 丰安股份 | 7.68 | 100000 | 司浦江和平南路证券 | 司浦江和平南路证券 | | | | | | | 营业部 | 营业部 | | 2024-04- | | | | | 海通证券股份有 ...

| | 公告日期 2024-04-03 异常期间 | | 无 | | | | | --- | --- | --- | --- | --- | --- | --- | | | 戈碧迦(835438) 连续竞价 （股） | 成交数量 | 13530824.0 | 成交金额（万 元） | 35265.82 | | | | 涉及事项 当日换手率达到20%的前5只股票 | | | | | | | 买/ | 营业部或交易单元名称 | | | 买入金额 | | 卖出金额（元） | | 卖 | | | | （元） | | | | 买1 | 机构专用 | | | 27047984.37 | | 534252.54 | | 买2 | 国投证券股份有限公司深圳下梅林二街证券营业部 | | | 10632387.53 | | 0 | | 买3 | 国投证券股份有限公司深圳分公司 | | | 8036507.94 | | 0 | | 买4 | 东方财富证券股份有限公司拉萨团结路第二证券营业部 | | | 6923727.4 | | 3527760.77 | | 买5 | 中国中金财富证券有限公司上海浦东新区世纪大道证券营业 | | | ...

| 日期 | 代码 | 简称 | 成交数量（股） | 成交金额（万元） | 披露原因 | | --- | --- | --- | --- | --- | --- | | 2024-04- 03 | 835508 | 殷图网联 | 7432558 | 11773.3 | 当日价格振幅达到31.65% | | 2024-04- | 871634 | 新威凌 | 7424962 | 10184.74 | 当日换手率达到47.92% | | 03 | | | | | | | 2024-04- | 835508 | 殷图网联 | 7432558 | 11773.3 | 当日换手率达到28.55% | | 03 | | | | | | | 2024-04- | 835438 | 戈碧迦 | 13530824.0 | 35265.82 | 当日换手率达到23.71% | | 03 | | | | | | | 2024-04- | 831627 | 力王股份 | 5802873 | 7855.03 | 当日换手率达到21.64% | | 03 | | | | | | ...

Investment Rating - The report assigns an "Accumulate" rating for the company, marking its first coverage [4][6]. Core Insights - The company is one of the three major optical glass manufacturers in China, experiencing explosive growth in specialty glass, particularly in nano-microcrystalline glass, which has seen a CAGR of 249.72% from 2020 to 2023 due to its entry into the Huawei supply chain [4][20]. - The company benefits directly from the domestic microcrystalline glass market, which has been ignited by Huawei's adoption of this technology in its products [4][33]. - The report anticipates significant growth potential in the nano-microcrystalline glass market, with a current penetration rate of only 2.51% in non-Apple smartphones, indicating a tenfold increase opportunity [4][7]. - The company's optical glass business is expected to stabilize, with vehicle lighting components emerging as a growth highlight, particularly through partnerships with major automotive brands like BYD [4][33]. Summary by Sections Company Overview - Established in 2009, the company specializes in optical glass and specialty glass, producing over 100 types of optical glass and developing various specialty glasses including nano-microcrystalline glass [4][16]. - The company ranks third in the domestic optical glass manufacturing industry and has a comprehensive product line catering to diverse applications [4][16]. Financial Performance - The company's total revenue grew from 2.23 billion to 8.08 billion from 2020 to 2023, with a CAGR of 53.56% [27][28]. - The net profit attributable to shareholders increased from 0.35 billion to 1.04 billion during the same period, reflecting a CAGR of 44.15% [27][29]. - The report projects revenues of 863 million, 875 million, and 953 million for 2024, 2025, and 2026 respectively, with net profits of 150 million, 157 million, and 166 million [5][6]. Market Dynamics - The report highlights the increasing demand for specialty glass driven by advancements in technology and the rise of new applications in sectors such as automotive and consumer electronics [4][33]. - The company has established itself as a key player in the nano-microcrystalline glass market, which is expected to replace traditional glass materials in smartphones [4][7]. Future Outlook - The company is set to list on the Beijing Stock Exchange in 2024, which is anticipated to provide new growth opportunities [18][19]. - The report estimates a target market capitalization of 4.28 billion, suggesting a 12% upside potential from the closing price on April 2, 2024 [6].

| 日期 | 代码 | 简称 | 成交数量（股） | 成交金额（万元） | 披露原因 | | --- | --- | --- | --- | --- | --- | | 2024-04- 01 | 837023 | 芭薇股份 | 7605910 | 11093.65 | 当日换手率达到31.78% | | 2024-04- | 835438 | 戈碧迦 | 13540509.0 | 38904.47 | 当日换手率达到23.72% | | 01 | | | | | | | 2024-04- 01 | 871634 | 新威凌 | 3402002 | 4335.94 | 当日换手率达到21.96% | | 2024-04- | | | | | | | 01 | 838030 | 德众汽车 | 20569503.0 | 10673.48 | 当日换手率达到21.56% | ...

| | 2024-04-01 公告日期 异常期间 | | 无 | | | | --- | --- | --- | --- | --- | --- | | | 戈碧迦(835438) 连续竞价 （股） | 成交数量 | 13540509.0 | 成交金额（万 元） | 38904.47 | | | 涉及事项 当日换手率达到20%的前5只股票 | | | | | | 买/卖 | 营业部或交易单元名称 | | | 买入金额（元） | 卖出金额（元） | | 买1 | 国金证券股份有限公司上海静安区南京西路证券营业部 | | | 7342269.68 | 4598890.6 | | 买2 | 光大证券股份有限公司余姚南雷南路营业部 | | | 5961288.77 | 7935714.65 | | 买3 | 东方财富证券股份有限公司拉萨金融城南环路证券营业部 | | | 5143352.91 | 1703956.52 | | 买4 | 东方财富证券股份有限公司拉萨东环路第二证券营业部 | | | 4979087.92 | 2232790.1 | | 买5 | 东方财富证券股份有限公司山南香曲东路证券营业部 | | | ...

Investment Rating - The investment rating for the company is "Outperform the Market" [1][7]. Core Views - The company has successfully transitioned its business model, with a significant increase in revenue and net profit driven by the launch of its nano-microcrystalline glass products, which have gained market recognition [5][6][7]. - The company raised a total of 230 million yuan through its recent listing on the Beijing Stock Exchange, and its 2023 annual report shows a year-on-year revenue increase of 88.26% to 810 million yuan, with net profit rising 127.37% to 100 million yuan [5][7]. - The company is expected to continue its growth trajectory, with projected net profits of 188 million, 223 million, and 263 million yuan for 2024, 2025, and 2026, respectively [7][13]. Summary by Sections Financial Performance - The company's revenue for 2023 is reported at 808 million yuan, with a year-on-year growth of 88.3%. The net profit for the same year is 104 million yuan, reflecting a 127.4% increase [9][13]. - The gross margin for 2023 is 29.8%, with expectations for improvement in the following years due to a decrease in raw material costs [9][10][13]. Business Transition - The company has shifted from its original focus on optical glass to special functional glass, with special glass revenue increasing from 120 million yuan in 2022 to 520 million yuan in 2023, accounting for 64% of total revenue [6][7]. - Major clients such as Xiaomi and Huawei have adopted the company's glass products in their latest smartphone models, contributing to the revenue surge [7]. Future Projections - The company anticipates continued growth in revenue, with estimates of 952 million yuan in 2024, 1.076 billion yuan in 2025, and 1.229 billion yuan in 2026, alongside improving profit margins [9][13]. - The company plans to invest the raised funds into six production lines for special optical glass, which will add 1,632 tons of capacity [7].