关于东莞勤上光电股份有限公司 法律意见书 二〇二五年五月 广东君信经纶君厚律师事务所 关于东莞勤上光电股份有限公司 法律意见书 致：东莞勤上光电股份有限公司 广东君信经纶君厚律师事务所接受东莞勤上光电股份有限公司（下称 "勤上股份"）的委托，指派戴毅律师、周佳律师（下称"本律师"）出席 勤上股份于 2025 年 5 月 14 日召开的 2024 年年度股东大会（下称"本次股 东大会"），并根据《中华人民共和国公司法》（下称"《公司法》"）、 《中华人民共和国证券法》（下称"《证券法》"）、中国证券监督管理委 员会《上市公司股东会规则》（下称"《股东会规则》"）及勤上股份《章 程》的规定，就本次股东大会的召集和召开程序、出席会议人员资格、召集 人资格、表决程序、表决结果等事项出具法律意见。 （二）本次股东大会现场会议于 2025 年 5 月 14 日下午在广东省东莞市 常平镇横江厦工业四路 3 号勤上股份二楼会议室召开。本次股东大会由勤上 -1- 股份董事长李俊锋先生主持，就《股东大会通知》列明的审议事项进行了审 议。 （三）本次股东大会已在《股东大会通知》规定的时间内完成了网络投 票。 本律师认为，本次股东大 ...

Investment Rating - The report maintains a "Buy" rating for the company, expecting a relative increase in stock price of over 20% compared to the benchmark index within six months [2][9]. Core Views - The company is experiencing a performance turning point, driven by dual growth from military and civilian sectors. The 2024 annual report shows a significant revenue decline of 41% year-on-year, with a net loss of 2.06 billion yuan, a decrease of 398% [4][5]. - The decline in defense product revenue is the primary reason for the losses in 2024, with a 67% drop to 5.26 billion yuan. However, the optical materials and devices segment saw a revenue increase of 29% to 7.42 billion yuan [5]. - The company plans to achieve a revenue target of 2.5 billion yuan in 2025, with expectations to return to profitability. The first quarter of 2025 showed a revenue increase of 33% year-on-year [6][9]. Financial Summary - In 2024, the company reported total revenue of 1.297 billion yuan, with a projected recovery to 2.591 billion yuan in 2025, representing a growth rate of 99.8% [11][14]. - The projected net profit for 2025 is 741 million yuan, with significant growth rates of 136% in 2025, 106% in 2026, and 65% in 2027 [9][11]. - The company plans to raise up to 1.02 billion yuan through a private placement to fund high-performance optical materials and advanced components projects, which are expected to enhance production capacity significantly [6][9].

Investment Rating - The report maintains a "Buy" rating for the company, expecting a relative increase in stock price of over 20% compared to the benchmark index within six months [2][9]. Core Views - The company is experiencing a performance turning point, driven by dual growth from military and civilian sectors. The 2024 annual report shows a significant revenue drop of 41% year-on-year, with a net loss of 2.06 billion yuan, a decrease of 398% [4][5]. - The decline in defense product revenue is the primary reason for the losses in 2024, with a 67% drop to 5.26 billion yuan. However, the optical materials and devices segment saw a 29% increase in revenue to 7.42 billion yuan [5]. - The company plans to achieve a revenue target of 2.5 billion yuan in 2025, with expectations to return to profitability. The first quarter of 2025 showed a revenue increase of 33% year-on-year [6][9]. Summary by Sections Company Overview - The latest closing price is 14.59 yuan, with a total market capitalization of 7.4 billion yuan. The company has a debt-to-asset ratio of 44% and a current P/E ratio of -36.02 [3]. Financial Performance - In 2024, the company reported total revenue of 1.297 billion yuan, with a projected revenue of 2.591 billion yuan for 2025, indicating a growth rate of 99.8% [11]. - The projected net profit for 2025 is 741 million yuan, with significant growth rates of 136% and 106% expected in the following years [9][11]. Strategic Initiatives - The company is expanding its product lines, including the development of quadruped and humanoid robots, which are expected to become new growth points [5]. - A planned capital increase of up to 1.02 billion yuan will fund projects in high-performance optical materials and advanced components, aiming to enhance production capacity significantly [6]. Market Outlook - The collaboration between major defense groups is expected to enrich the assets available to the company, enhancing its market position [7][9].

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：600703 证券简称：三安光电 公告编号：临2025-030 三安光电股份有限公司 关于员工持股计划存续期即将届满的 提示公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 三安光电股份有限公司（以下简称"公司"）第三期员工持股计划和第四期员工持股计划的存续期分别将 于2025年11月10日和2025年12月20日届满。根据《关于上市公司实施员工持股计划试点的指导意见》 《上海证券交易所上市公司自律监管指引第1号一一规范运作》等规定，现将相关情况提示公告如下： （一）第四期员工持股计划的基本情况 经公司2021年9月29日召开的第十届董事会第十五次会议和2021年10月15日召开的2021年第三次临时股 东大会决议，同意实施公司第四期员工持股计划，总金额不超过16.00亿元。截至2021年12月21日，第 四期员工持股计划全部实施完毕，通过二级市场累计买入本公司股票46,040,615股,占公司当前总股本的 一、第三期员工持股计划情况 （一）第三期员工持股计划的基 ...

关于厦门力鼎光电股份有限公司 法 律 意 见 书 福建至理律师事务所 地址：福州市鼓楼区洪山园路华润万象城三期 TB#写字楼 22 层 邮政编码：350025 电话： （86 591）88065558 网址：http://www.zenithlawyer.com 福建至理律师事务所 关于厦门力鼎光电股份有限公司 闽理非诉字2025第 084 号 续时向公司出示的身份证件、授权委托书、营业执照、证券账户卡等资料，其 真实性、有效性应当由股东（或股东代理人）自行负责，本所律师的责任是核 对股东姓名（或名称）及其持股数额与股东名册中登记的股东姓名（或名称） 及其持股数额是否一致。 系统参加网络投票的操作行为均视为股东自己的行为，股东应当对此承担一切 法律后果。通过上海证券交易所交易系统、互联网投票系统进行投票的股东资 格，由网络投票系统提供机构上证所信息网络有限公司验证其身份。 序、本次大会召集人和出席会议人员的资格、本次大会的表决程序和表决结果 发表法律意见，并不对本次大会审议的各项议案内容及其所涉及事实或数据的 真实性、准确性、合法性发表意见。 基于上述声明，根据《股东会规则》第六条的要求，按照律师行业公认的 ...

Meeting Information - The annual general meeting of North Optical Co., Ltd. is scheduled for May 20, 2025, at 2:30 PM, with online voting available from 9:15 AM to 3:00 PM on the same day [1][2] - The meeting will take place at the company's conference room located at 35 Chang Le Middle Road, Xi'an, Shaanxi Province [1] Meeting Agenda - The meeting will include the reading of the 2024 annual report, the independent director's annual performance report, and various proposals for voting [2][3] - Shareholders will have the right to speak, inquire, and vote during the meeting [2] Financial Performance - In 2024, the company reported a significant decline in performance, with total revenue of 1.297 billion yuan, a decrease of 41.06% year-on-year, and a net loss attributable to shareholders of 206.09 million yuan [8][22] - The total assets as of December 31, 2024, were 4.195 billion yuan, with total liabilities of 1.846 billion yuan, resulting in equity attributable to shareholders of 2.349 billion yuan [22] Board of Directors and Governance - The board of directors consists of 9 members, including 3 independent directors, and has established 5 specialized committees to enhance governance [10][11] - The board held 7 meetings in 2024, discussing 57 proposals related to financial reporting, budget, and risk management [8][10] Risk Management - The company has implemented a comprehensive internal control system to ensure compliance and mitigate risks, with no major risk events reported in 2024 [9][12] Future Plans - For 2025, the company plans to issue shares to specific investors and enhance its governance structure to ensure compliance and efficient operations [12][13] - The company aims to strengthen investor relations and improve communication with shareholders [12][13] Related Party Transactions - The company has outlined expected related party transactions for 2025, including sales and purchases with subsidiaries of its controlling shareholder, China Weapon Industry Group [28][29] - The estimated total for these transactions is approximately 3.796 billion yuan, with specific categories detailed for clarity [28][29] Financial Services Agreement - The company intends to adjust and renew its financial services agreement with China Weapon Finance Co., Ltd., which is a related party, to ensure the stability and security of its financial operations [39][41]

北方光电股份有限公司 2024年年度股东大会 会议资料 二〇二五年五月二十日 陕西省西安市新城区长乐中路35号公司会议室。 北方光电股份有限公司 2024 年年度股东大会会议资料 目录 | 议案 | 1.2024 | 年年度报告 5 | | | | | --- | --- | --- | --- | --- | --- | | 议案 | 2.2024 | 年度董事会工作报告 6 | | | | | 议案 | 3.2024 | 年度监事会工作报告 10 | | | | | 议案 | 4.2024 | 年度财务决算报告 14 | | | | | 议案 | 5.2024 | 年度利润分配预案 15 | | | | | 议案 | 6.2025 | 年度公司与兵器集团附属企业、光电集团附属企业间日常关 | | | | | | | | | 16 | 联交易预计的议案 | | 议案 | 7.2025 | 年度新华光公司与华光小原公司间日常关联交易预计的议案 | 19 | | | | 议案 | | 8.关于与兵工财务有限责任公司签订《金融服务协议》的议案 | 21 | | | | 议案 | 9.2025 | 年度财务预算报告 ...

作 者丨胡慧茵 编 辑丨和佳 江佩佩 国防军工全面爆发 | 代码 | 名称 | 现价 | 涨跌 | 涨跌幅 ▼ | | --- | --- | --- | --- | --- | | 302132 | 中航成飞 | 94.51 | 14.63 | 18.31% | | 600562 | 国睿科技 | 26.21 | 2.38 | 9.99% | | 600523 | 贵航股份 | 15.11 | 1.37 | 9.97% | | 600184 | 光电股份 | 15.78 | 1.19 | 8.16% | | 600150 | 中国船舶 | 32.64 | 2.46 | 8.15% | | 600760 | 中航沈飞 | 49.35 | 3.17 | 6.86% | | 600990 | 四创电子 | 24.12 | 1.54 | 6.82% | | 601989 | 中国重工 | 4.62 | 0.29 | 6.70% | | 600316 | 洪都航空 | 38.69 | 2.42 | 6.67% | | 300516 | 久之洋 | 34.63 | 2.16 | 6.65% | | 002544 | 普 ...

Core Viewpoint - Tongbao Optoelectronics is preparing for an IPO on the Beijing Stock Exchange, aiming to raise 330 million yuan, despite past issues with financial disclosures and a heavy reliance on a single major client, SAIC-GM-Wuling [1][2][4]. Group 1: IPO Preparation - Tongbao Optoelectronics has had a history of attempting to go public, including a previous attempt in 2017 and a recent application that was accepted by the Beijing Stock Exchange [2][3]. - The company plans to issue up to 18.79 million shares, with all proceeds allocated to projects related to smart LED modules and power distribution systems for electric vehicles [3]. Group 2: Ownership Structure - The ownership of Tongbao Optoelectronics is highly concentrated, with three family members controlling 78.75% of the shares, giving them significant influence over company decisions [1][3]. Group 3: Financial Performance - The company reported revenues of 390 million yuan, 529 million yuan, and 588 million yuan from 2022 to 2024, with net profits increasing from 36.69 million yuan to 83.09 million yuan during the same period [6]. - Despite the growth in revenue and profits, the average selling price of its core product, automotive lighting systems, decreased by 9.12% in 2024 [7]. Group 4: Client Dependency - Tongbao Optoelectronics is heavily dependent on SAIC-GM-Wuling, with sales to this client accounting for 83.35% of total revenue in 2024 [1][6]. - The company has a significant reliance on its top five clients, with their sales contributing 94.65%, 98.42%, and 96.57% of total revenue from 2022 to 2024 [6].

Core Viewpoint - The company reported a significant decline in 2024 revenue due to delays in defense product deliveries, but showed a recovery in Q1 2025 with a notable increase in revenue and profitability [1][4]. Financial Performance - In 2024, the company achieved revenue of 1.3 billion yuan, a year-on-year decrease of 41%, primarily due to delays in defense product deliveries. However, revenue from civilian products reached 760 million yuan, a year-on-year increase of 29% [1]. - The net profit attributable to shareholders for 2024 was -210 million yuan, a shift from profit to loss, mainly due to delayed defense product deliveries and increased R&D investments [1]. - For Q1 2025, the company reported revenue of 310 million yuan, a year-on-year increase of 33% and a quarter-on-quarter increase of 21%. The net profit attributable to shareholders was 960,000 yuan, marking a return to profitability [1]. Profitability Analysis - In 2024, the company's gross margin was 9.8%, a decrease of 6.9 percentage points year-on-year, while the net margin was -15.9%, a decline of 19 percentage points year-on-year, primarily due to delays in defense product deliveries [1]. - In Q1 2025, the gross margin improved to 19.2%, an increase of 6.6 percentage points year-on-year, and the net margin was 0.4%, an increase of 4.5 percentage points year-on-year, indicating a rapid recovery in profitability [1]. Expense Analysis - The expense ratio for 2024 was 26.2%, an increase of 11.7 percentage points year-on-year. The breakdown includes a sales expense ratio of 0.7%, a management expense ratio of 12.9%, a R&D expense ratio of 13.1%, and a financial expense ratio of -0.52% [2]. Industry Insights - The defense sector is experiencing rapid advancements in information technology and increasing demand for precision-guided munitions. The company is a leader in this niche market with high product barriers [2]. - The company possesses strong core technology in laser-guided munitions and is actively expanding into infrared, television, radar, and composite guidance technologies, anticipating a continuous release of demand as the penetration of precision-guided weapons increases [2]. - The optical materials and components industry is seeing a shift towards China, with the company’s subsidiary covering the entire industry chain from materials to infrared lenses, holding a global market share of approximately 15% and a Chinese market share of about 30% [3]. Investment Outlook - The company is expected to achieve revenues of 2.3 billion yuan, 3 billion yuan, and 3.8 billion yuan from 2025 to 2027, with a compound annual growth rate (CAGR) of 28%. The net profit attributable to shareholders is projected to be 80 million yuan, 110 million yuan, and 140 million yuan during the same period, with a CAGR of 31% [4].