| 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/6/24 | － | 2025/6/25 | 2025/6/25 | 证券代码：600363 证券简称：联创光电 公告编号：2025-048 江西联创光电科技股份有限公司 2024年年度权益分派实施公告 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。 重要内容提示： 每股分配比例 A 股每股现金红利0.054元（含税） 相关日期 差异化分红送转： 是 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经江西联创光电科技股份有限公司（以下简称"公司"） 2025 年 5 月 19 日的2024年年度股东大会审议通过。 二、 分配方案 1. 发放年度：2024年年度 2. 分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 根据《上市公司股份回购规则 ...

Core Viewpoint - Jiangxi Lianchuang Optoelectronics Technology Co., Ltd. announced its 2024 annual profit distribution plan, which includes a cash dividend of 0.054 yuan per share (before tax) to all shareholders, totaling approximately 24.48 million yuan [2][4][13]. Distribution Plan - The profit distribution plan was approved at the annual general meeting held on May 19, 2025 [2][4]. - The cash dividend will be distributed to all shareholders registered with the China Securities Depository and Clearing Corporation Limited Shanghai Branch as of the close of trading on the registration date [3][4]. - The total number of shares eligible for the dividend is 453,401,050 after excluding 113,400 shares held in the company's repurchase account [4][6]. Dividend Details - The cash dividend distribution is based on a ratio of 0.54 yuan for every 10 shares held, resulting in a total cash dividend of 24,483,656.70 yuan [4][13]. - The company will not issue bonus shares or increase capital from reserves in this distribution [4][13]. Taxation Information - Individual shareholders holding shares for over one year will be exempt from personal income tax on the dividend, while those holding for one year or less will not have tax withheld at the time of distribution [9][10]. - For qualified foreign institutional investors (QFII), a 10% withholding tax will apply, resulting in a net dividend of 0.0486 yuan per share [10][11]. Share Repurchase and Capital Reduction - The company has approved a share repurchase plan with a maximum price of 70.00 yuan per share, which will be adjusted to 69.95 yuan per share following the dividend distribution [12][15]. - The total repurchase amount will range from 100 million yuan to 150 million yuan, with the repurchased shares intended for cancellation and reduction of registered capital [12][15]. Capital Reduction Completion - The company has completed the cancellation of 1,711,300 shares, reducing its registered capital from 45,522.575 million yuan to 45,351.445 million yuan [18].

证券代码：600363 证券简称：联创光电 编号：2025-049 江西联创光电科技股份有限公司 关于实施 2024 年年度权益分派后调整 回购价格上限的公告 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个别及连带责任。 重要内容提示： 回购价格上限调整起始日期：2025 年 6 月 25 日（2024 年年度权益分派除 权除息日） 一、回购股份的基本情况 1 调整前回购价格上限：不超过人民币 70.00 元/股（含） 调整后回购价格上限：不超过人民币 69.95 元/股（含） 公司于 2025 年 5 月 19 日召开 2024 年年度股东大会，审议通过了关于《2024 年度利润分配预案》的议案，同意公司以实施权益分派股权登记日总股本扣除回购 专用证券账户上已回购股份为基数，向全体股东每 10 股派发现金股利 0.54 元（含 税），合计拟派发现金红利 24,483,656.70 元（含税），不进行送红股和公积金转增 股本。如自公司 2024 年年度利润分配预案公告之日起至实施权益分派股权登记日期 间，因可转债转股、回购股份、股权激 ...

法律意见书 关于 江西求正沃德律师事务所（以下简称本所）作为江西联创光电科技股份有限公司 （以下简称公司或联创光电）聘请的专项法律顾问，依据《中华人民共和国公司法》（以 下简称《公司法》）、《中华人民共和国证券法》（以下简称《证券法》）、《上市公司股份 回购规则》《上海证券交易所上市公司自律监管指引第 7 号——回购股份》（以下简称 《监管指引第 7 号》）等法律、法规和规范性文件以及《江西联创光电股份有限公司章 程》（以下简称《公司章程》）的规定，就公司 2024 年度差异化分红事项（以下简称本 次差异化分红）出具本法律意见书。 为出具本法律意见书，本所谨作如下声明： 本所及经办律师已严格履行了法定职责，遵循了勤勉尽责和诚实信用原则，对本 次差异化分红的相关事项进行了核查，保证本法律意见书不存在虚假记载、误导性陈 述或者重大遗漏。 本所得到公司如下保证：公司已经向本所律师提供出具本法律意见书所必需的真 实、完整、有效的原始书面材料、副本材料或者口头证言，并无虚假、隐瞒和重大遗 漏之处，文本材料为副本或复印件的，均与原件一致或相符。 对于本法律意见书至关重要而又无法得到直接证据支持的事实，本所律师依据公 司、 ...

Investment Rating - The report maintains a cautious recommendation for the industry, focusing on controllable nuclear fusion-related stocks such as Lianchuang Optoelectronics and Guoguang Electric [4][5]. Core Insights - Magnetic confinement is currently the best method for achieving controllable nuclear fusion, with significant challenges in maintaining the extreme conditions required for fusion reactions [1][9]. - The main magnetic confinement devices are Tokamak and Stellarator, with Tokamak being more widely used but facing inherent instabilities due to plasma current [2][14]. - Advanced Stellarators have stringent standards for modular coil systems, magnetic surface quality, and stability under high pressure, which enhance plasma confinement and reduce transport losses [3][36]. - The Wendelstein 7-X (W7-X) Stellarator set a new world record for nuclear fusion triple product, demonstrating its potential in the race towards commercial fusion power [3][41]. Summary by Sections 1. Tokamak vs. Stellarator - Magnetic confinement is the best approach for controllable nuclear fusion, requiring extreme temperatures and conditions [1][9]. - The main magnetic confinement devices include Tokamak and Stellarator, with Tokamak facing stability issues due to plasma current [2][14]. 2. Development of Stellarators - The W7-X Stellarator achieved a new record in nuclear fusion triple product, showcasing its capabilities compared to Tokamak devices [3][41]. - The development of advanced Stellarators focuses on optimizing magnetic field configurations to improve plasma confinement [3][36]. 3. Investment Opportunities - The report suggests focusing on companies involved in controllable nuclear fusion, specifically Lianchuang Optoelectronics and Guoguang Electric, which are making strides in superconducting technology and nuclear fusion applications [4][54][56].

Investment Rating - The report suggests a positive investment outlook for the controlled nuclear fusion industry, driven by policy and capital support, with significant potential for growth and commercialization in the coming years [4][30]. Core Insights - Controlled nuclear fusion is viewed as the ultimate energy solution due to its high energy density, abundant fuel supply, and superior safety [4][9]. - The current phase of controlled nuclear fusion is characterized by a dual drive of policy and capital, with numerous projects underway globally, particularly in China and the US, aiming for commercial viability by the 2030s to 2040s [4][30]. - Various technological pathways are emerging, including magnetic confinement (tokamak), inertial confinement (NIF), and magnetic inertial confinement, with significant advancements expected in the next few years [4][30]. Summary by Sections Part 1: What is Controlled Nuclear Fusion? - Controlled nuclear fusion involves the merging of lighter atomic nuclei to form a heavier nucleus, releasing significant energy, primarily using deuterium and tritium as fuel [9][10]. Part 2: Why is Now a New Phase for Controlled Nuclear Fusion? - The industry is experiencing a surge in support from governments worldwide, with China implementing multiple policies to foster development, including financial backing and international collaboration [30][33]. - The number of active fusion companies has increased significantly, with around 50 globally, 80% of which are private enterprises, indicating a robust investment landscape [40][41]. Part 3: Device Architecture Breakdown and Industry Cost Map - The report outlines the cost structure of fusion devices, with initial experimental tokamak investments around 15 billion yuan, and highlights the significant capital required for development [4][30]. Part 4: Competitive Cost of Fusion Power - The report estimates the cost of electricity from fusion devices, with projected costs of 0.31 and 0.27 yuan/kWh for low-temperature superconducting and linear magnetic inertial fusion devices, respectively, indicating competitive pricing compared to traditional energy sources [4][30]. Part 5: Investment Recommendations - The report recommends focusing on key suppliers in the fusion supply chain, including companies like Western Superconducting, Lianchuang Optoelectronics, and Antai Technology, as they are positioned to benefit from the anticipated growth in the fusion sector [4][30].

Core Viewpoint - The optoelectronic new materials industry is experiencing significant growth in China, driven by advancements in technology and increasing market demand, particularly in solar cells, optical communication, and display technologies [1][4][23]. Industry Definition and Classification - Optoelectronic materials are defined as materials that can generate, convert, transmit, process, and store optical signals, encompassing categories such as semiconductor optoelectronic materials, organic semiconductor materials, inorganic crystals, quartz glass, infrared materials, laser materials, and nonlinear optical materials [2][4]. Industry Development Status - The number of patents for optoelectronic new materials in China reached 122 in 2022, but has seen a decline in recent years, with projections of 99 in 2023 and 76 in 2024, and only 11 by May 21, 2025 [1][4]. - The optoelectronic materials sector is crucial for the advancement of the optoelectronic industry, with applications in solar cells, optical communication, and displays [4]. Industry Chain - The industry chain consists of upstream core raw materials (basic chemicals, rare metals, targets), midstream production of optoelectronic materials and devices, and downstream applications in high-growth areas such as photovoltaic power generation and optical communication [6][8]. Semiconductor Materials - The semiconductor materials market in China is projected to reach approximately 147 billion yuan in 2024 and about 164.69 billion yuan in 2025, accounting for around 27.24% and 27.20% of the electronic materials market, respectively [8]. Optical Communication - The optical communication market in China is expected to grow from 139 billion yuan in 2023 to approximately 175 billion yuan by 2025, driven by advancements in 5G, cloud computing, and big data technologies [10]. Competitive Landscape - Major companies in the optoelectronic new materials industry include BOE Technology Group, Longi Green Energy, Jiangfeng Electronics, Sanan Optoelectronics, and others, reflecting a diverse and international competitive landscape [12][14]. Representative Companies - **BOE Technology Group**: A leading global company in semiconductor display products, with over 100,000 patents and significant market share in LCD and OLED technologies [14][15]. - **Shaanxi Lait Optoelectronic Materials Co., Ltd.**: Focuses on OLED organic light-emitting materials, with a revenue of 442 million yuan in 2024, reflecting a strong growth trajectory [17][19]. - **Ningbo Jiangfeng Electronics**: Specializes in ultra-pure metal sputtering targets, with a revenue of 2.333 billion yuan in 2024, highlighting its strong market position [21]. Industry Development Trends - The demand for optoelectronic materials is expected to continue growing, with advancements in silicon-based solar cells and organic light-emitting diodes (OLEDs) leading the way [23]. - Future developments will focus on higher performance, lower costs, and multifunctionality, with new materials such as perovskite solar cells and quantum dot emitters gaining traction [23].

Core Insights - The ultrafast laser market in China is experiencing rapid growth, with the market size increasing from 2.26 billion yuan in 2018 to 4.02 billion yuan in 2023, representing a compound annual growth rate (CAGR) of 12.21% [1][14] - The market is projected to exceed 4.55 billion yuan in 2024, with a year-on-year growth of 13.18% [1][14] - The demand for ultrafast lasers is driven by the need for high-efficiency and precision processing across various industries, supported by national policies favoring high-end manufacturing [1][14] Industry Overview - Ultrafast lasers, including picosecond and femtosecond lasers, are characterized by extremely short pulse durations, high peak power, and precise energy focusing [1][3] - The technology is based on mode-locking techniques, which ensure short pulse widths, making ultrafast lasers suitable for advanced manufacturing applications [3][5] Industry Development History - The development of ultrafast lasers in China has progressed through four stages, starting from the first ruby laser developed in 1960 to the significant advancements in picosecond and femtosecond laser technologies in the 2000s [5] - The industry saw a substantial increase in shipments, with 2,300 units sold in 2020, nearly doubling from previous years [5] Industry Chain - The ultrafast laser industry chain includes upstream components such as optical and electronic components, with a trend towards domestic production of core parts [7][26] - The downstream applications are diverse, covering sectors like medical aesthetics, aerospace, precision machinery, energy, and consumer electronics [7] Market Trends - The ultrafast laser technology is evolving towards higher power, narrower pulse widths, and shorter wavelengths, enhancing processing speed and quality [23] - The demand for ultrafast lasers is expanding in precision manufacturing, consumer electronics, and renewable energy sectors, with increasing penetration rates [24] Key Companies - Notable companies in the ultrafast laser market include Inno Laser, Han's Laser, Delong Laser, and Raycus Laser, which are positioned in the second tier of the global market [17][19][21] - Inno Laser is recognized for its advanced capabilities in various laser technologies and is projected to achieve a revenue of 301 million yuan in 2024, reflecting a growth of 27% [19] - Han's Laser, a leading provider of intelligent manufacturing equipment, is expected to generate 14.771 billion yuan in revenue in 2024, with a growth of 4.83% [21]

Summary of Key Points from Conference Call Records Industry Overview - The market is experiencing a weak sentiment due to the collapse of high-level stocks, leading to a comprehensive retreat in the market. The direct cause of this weakness is linked to the monitoring of Wangzi New Materials, which did not meet the conditions for abnormal fluctuations. The underlying reason is attributed to a significant emotional downturn on the previous Thursday, marked by the drop of Yong'an Pharmaceutical, indicating a risk release that was not adequately addressed before the market's strong performance on Friday. [1] Company Insights 1. Yuyin Co., Ltd. - Yuyin Co., Ltd. is identified as a key stock in the stablecoin sector, with its strength dependent on the overall strength of the sector. There is a high expectation for stablecoins to become the main line of a new cycle, making Yuyin Co., Ltd. a valuable speculative opportunity post-opening. Notably, Yuyin Co., Ltd. showed proactive movement ahead of the sector's explosion, indicating a potential for higher gains. [5] 2. Hopu Co., Ltd. - The speculation around stablecoins has two branches: blockchain technology and Real World Assets (RWA). RWA is expected to attract more funding attention. The essence of RWA and asset securitization is similar, transforming real assets into tradable "digital fragments" using blockchain technology. The core beneficiaries are platforms like Ant Group and JD Finance. Given the lack of related stocks in the A-share market, attention is drawn to partners of Ant Group and JD Finance, with Hopu Co., Ltd. positioned advantageously due to its smaller size and chip advantages. [5] 3. Lianchuang Optoelectronics - The company is positioned in the drone market, which has become a significant force in modern warfare, especially highlighted by recent conflicts. The upcoming first flight of the "Jiu Tian" drone in June is expected to stimulate interest in drone-related stocks. Lianchuang Optoelectronics specializes in laser weapons, which offer advantages such as low collateral damage, low cost, and quick response times, making them ideal for countering drones. The company’s laser products, including the Guangren-1 laser countermeasure system, have passed acceptance tests, and future demand from both domestic and foreign markets is anticipated to drive growth. [6] Market Trends - The market is expected to enter a repair phase post-holiday, with a focus on new cycles, particularly in stablecoins. Although there were significant divergences in the stablecoin sector, the strength observed is the highest among all sectors. If consensus can be reached, stablecoins are likely to confirm their position as the main line of the new cycle. [1] Additional Observations - The defense sector, particularly in drones, is gaining attention due to recent developments. The potential for logistics vehicles to experience a rebound is also noted. [1]

Group 1 - The Shanghai Military Industry Index (H50036) opened lower but rose by 0.59% to 7310.45 points, with a trading volume of 17.688 billion yuan [1] - Over the past month, the Shanghai Military Industry Index has increased by 5.42%, by 5.28% over the last three months, and by 0.72% year-to-date [1] - The index includes listed companies primarily engaged in the military industry, selected from the ten major military groups and other related firms, reflecting the overall performance of military industry stocks in the Shanghai market [1] Group 2 - The top ten weighted stocks in the Shanghai Military Industry Index are: China Shipbuilding (9.82%), AVIC Shenyang Aircraft (7.76%), China Heavy Industry (7.25%), Aero Engine Corporation (6.74%), AVIC Aircraft (4.01%), China Power (3.5%), Aerospace Electronics (3.44%), Western Superconducting (3.2%), Ruichuang Micro-Nano (3.13%), and Lianchuang Optoelectronics (3.1%) [1] - The index is fully composed of stocks listed on the Shanghai Stock Exchange, with an industry composition of 77.10% in industrials, 12.67% in information technology, 6.07% in materials, 3.13% in communication services, and 1.03% in consumer discretionary [1] Group 3 - The index samples are adjusted biannually, with changes implemented on the next trading day following the second Friday of June and December, with sample adjustments generally not exceeding 10% [2] - Weight factors are adjusted in accordance with sample changes, remaining fixed until the next scheduled adjustment, with provisions for temporary adjustments in special circumstances [2]