Investment Rating - The report maintains a "Buy" rating for the company [5][12] Core Insights - The company has shown stable performance in the first three quarters of 2024, with total revenue of 2.434 billion yuan, a year-on-year decrease of 1.42%, while net profit attributable to shareholders increased by 5.05% to 335 million yuan [7] - The company has successfully exported its laser anti-drone products to the Middle East, indicating strong demand for its laser technology [8] - The company is advancing its controlled nuclear fusion projects, with significant technological breakthroughs in high-temperature superconducting cables and collaboration with China Nuclear Engineering for a fusion-fission hybrid demonstration project [9][11] Financial Performance - In Q3 2024, the company achieved revenue of 888 million yuan, a year-on-year increase of 9.54%, and net profit of 107 million yuan, up 2.32% year-on-year [7] - The forecast for revenue from 2024 to 2026 is 3.104 billion, 3.305 billion, and 3.603 billion yuan respectively, with corresponding EPS of 1.06, 1.32, and 1.53 yuan [12][14] - The company’s net profit is expected to grow significantly, with a projected increase of 42.6% in 2024 and 23.8% in 2025 [14] Market Position and Growth Potential - The company is positioned well in the "laser + superconducting" technology sectors, which are expected to drive future growth [12] - The company has received export licenses for its laser anti-drone systems, indicating a strategic move to capture international markets [8] - The ongoing acquisition of the superconducting business is expected to enhance the company's earnings capacity upon consolidation [11][12]

证券时报网讯，联创光电再度涨停，10个交易日内录得7个涨停，累计涨幅为68.84%，累计换手率为 82.79%。 截至9:53，该股今日成交量2798.66万股，成交金额15.78亿元，换手率6.15%。 最新A股总市值达269.86亿元。 ...

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： 一、股票交易异常波动的具体情况 公司股票于 2024 年 11 月 4 日、11 月 5 日、11 月 6 日连续三个交易日收盘价 1 江西联创光电科技股份有限公司（以下简称"公司"）股票于2024年11月4日、 11月5日、11月6日连续三个交易日收盘价格涨幅偏离值累计超过20%，根据 《上海证券交易所交易规则》的有关规定，属于股票交易异常波动情形。 经公司自查并向控股股东及实际控制人核实，截至本公告披露日，不存在应 披露而未披露的重大事项或重要信息。 截至 2024 年 11 月 6 日，公司股票收盘价为 61.78 元/股，处于历史高位；公 司市盈率指标显著高于同行业平均水平，存在市盈率较高的风险，敬请广大 投资者注意投资风险。 截至本公告披露日，江西联创光电超导应用有限公司（以下简称"标的公司"） 及相关方仍在就 2023 年度相关财务数据与交易对方不一致问题进行核查，在 核查清楚并披露前暂缓推进交易，交易后续是否推进以及推进具体时间存在 不确定性， ...

关于《江西联创光电科技股份有限公司 股票交易异常波动询证函》的回函 江西联创光电科技股份有限公司： 本公司于 2024 年 11 月 6 日收到贵公司发来的《江西联创光电科技股份有限 公司向控股股东、实际控制人关于股票交易异常波动的询证函》，经本公司自查确 认，现回复如下： 本公司作为贵公司控股股东。截至目前，除贵公司收购参股公司江西联创光电 超导应用有限公司部分股权暨关联交易事项外，本公司确认不存在筹划其他涉及贵公 司的重大资产重组、股份发行、重大交易类事项、业务重组、股份回购、股权激励、 破产重整、重大业务合作、引进战略投资者等重大事项；不存在其他可能对公司股价 产生较大影响的重大事项；不存在 2024 年 11 月 4 日、11 月 5 日、11 月 6 日买卖贵 公司股票的情形。 特此回复。 关于《江西联创光电科技股份有限公司 股票交易异常波动询证函》的回函 江西联创光电科技股份有限公司： 本人于 2024 年 11 月 6 日收到贵公司发来的《江西联创光电科技股份有限公司向 控股股东、实际控制人关于股票交易异常波动的询证函》，经本人自查确认，现回复如 下： 本人作为贵公司实际控制人。截至目前，除贵公 ...

证券研究报告·公司点评报告·消费电子 联创光电（600363） 2024 年三季报业绩点评：业绩符合预期，加 速推进超导子公司并表 2024 年 11 月 01 日 买入（维持） | --- | --- | --- | --- | --- | --- | |------------------------------|--------|--------|--------|--------|--------| | 盈利预测与估值 [Table_EPS] | 2022A | 2023A | 2024E | 2025E | 2026E | | 营业总收入（百万元） | 3314 | 3240 | 3136 | 3265 | 3539 | | 同比（ % ） | (7.59) | (2.24) | (3.19) | 4.09 | 8.41 | | 归母净利润（百万元） | 267.35 | 339.24 | 446.71 | 583.60 | 703.80 | | 同比（ % ） | 15.38 | 26.89 | 31.68 | 30.64 | 20.60 | | EPS- 最新摊薄（元 / 股） | 0.59 | ...

证券时报网讯，联创光电盘中涨停，已连收4个涨停板，截至9:26，该股报51.40元，换手率0.68%，成 交量309.85万股，成交金额1.59亿元，涨停板封单金额为4.29亿元。 连续涨停期间，该股累计上涨46.40%，累计换手率为16.13%。 最新A股总市值达233.99亿元。 ...

证券代码：600363 证券简称：联创光电 编号：2024-073 江西联创光电科技股份有限公司 股票交易风险提示公告 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个别及连带责任。 重要内容提示： 公司股票短期涨幅较大，现对公司股票交易风险提示如下： 一、二级市场交易风险 公司股价近期涨幅较大。据 Choice 数据，截至 2024 年 10 月 31 日收盘，公 司股票市盈率（LYR）为 62.71 倍，市盈率（TTM）为 59.86 倍，公司所属的申万 行业分类"电子-消费电子（代码：801085）"行业市盈率（TTM）为 30.96 倍， 公司市盈率指标显著高于同行业平均水平，存在市盈率较高的风险，敬请广大投 资者注意投资风险。 经公司自查，公司已于 2024 年 10 月 31 日在上海证券交易所网站 （www.sse.com.cn）和法定信息披露媒体《中国证券报》《上海证券报》《证券 1 江西联创光电科技股份有限公司（以下简称"公司"）近期股价涨幅较大，市 盈率显著高于同行业公司，敬请广大投资者注意投资风险。 公司目前生产经 ...

特此回复。 江西省电子集团有限公司 2024 年 10 月 30 日 关于《江西联创光电科技股份有限公司 股票交易异常波动询证函》的回函 江西联创光电科技股份有限公司： 本公司于 2024 年 10 月 30 日收到贵公司发来的《江西联创光电科技股份有限 公司向控股股东、实际控制人关于股票交易异常波动的询证函》，经本公司自查确 认，现回复如下： 本公司作为贵公司控股股东。截至目前，除贵公司收购参股公司江西联创光电 超导应用有限公司部分股权暨关联交易事项外，本公司确认不存在筹划其他涉及贵公 司的重大资产重组、股份发行、重大交易类事项、业务重组、股份回购、股权激励、 破产重整、重大业务合作、引进战略投资者等重大事项；不存在其他可能对公司股价 产生较大影响的重大事项；不存在 2024 年 10 月 28 日、10 月 29 日、10 月 30 日买卖 贵公司股票的情形。 江西联创光电科技股份有限公司： 本人于 2024 年 10 月 30 日收到贵公司发来的《江西联创光电科技股份有限公司向 控股股东、实际控制人关于股票交易异常波动的询证函》，经本人自查确认，现回复如 下： 本人作为贵公司实际控制人。截至目前，除贵公 ...

证券代码：600363 证券简称：联创光电 编号：2024-072 江西联创光电科技股份有限公司 股票交易异常波动公告 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： 一、股票交易异常波动的具体情况 公司股票于 2024 年 10 月 28 日、10 月 29 日、10 月 30 日连续三个交易日收 盘价格涨幅偏离值累计超过 20%，根据《上海证券交易所交易规则》的有关规定， 属于股票交易异常波动情形。 二、公司关注并核实的相关情况 针对公司股票交易异常波动，公司对有关事项进行了核查，并发函向控股股 东、实际控制人核实，现将有关情况说明如下： （二）重大事项情况 2024 年 8 月 6 日，公司披露了《关于收购参股公司江西联创光电超导应用有 限公司部分股权暨关联交易的公告》（公告编号：2024-046）及其相关公告；2024 年 9 月 20 日，公司披露了《关于调整购买参股公司江西联创光电超导应用有限公 司部分股权方案暨关联交易的公告》（公告编号：2024-059）及其相关公告；2024 年 10 月 ...

Financial Performance - The company's operating revenue for Q3 2024 was ¥887,108,554.60, representing a year-on-year increase of 9.54%[2] - The net profit attributable to shareholders for the same period was ¥106,895,252.10, reflecting a growth of 2.32% compared to the previous year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥103,654,610.22, which is an increase of 4.72% year-on-year[2] - Total revenue for the first three quarters of 2024 was CNY 2,433,896,081.82, a decrease of 1.43% compared to CNY 2,469,020,485.27 in the same period of 2023[19] - Net profit for the first three quarters of 2024 was CNY 379,456,296.24, compared to CNY 390,694,162.96 in the same period of 2023, reflecting a decrease of 2.93%[20] - The total comprehensive income attributable to the parent company for Q3 2024 was CNY 333,598,474.82, an increase from CNY 325,899,867.20 in Q3 2023, reflecting a growth of approximately 0.21%[21] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥8,233,607,945.89, showing an increase of 8.82% from the end of the previous year[3] - The company's total assets increased to CNY 8,233,607,945.89 in Q3 2024 from CNY 7,566,055,726.47 in Q3 2023, representing a growth of 8.81%[18] - Total liabilities rose to CNY 3,344,863,536.93 in Q3 2024, up from CNY 2,957,883,234.25 in Q3 2023, indicating an increase of 13.09%[18] - The total liabilities to equity ratio increased to 0.69 in Q3 2024 from 0.64 in Q3 2023, indicating a higher leverage position[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 35,394[7] - The company reported a total of 94,736,092 shares held by Jiangxi Electronic Group, representing 20.81% of total shares[12] - The top ten shareholders collectively hold a significant portion of the company's shares, with the largest shareholder holding over 20%[12] Earnings Per Share - The basic earnings per share for Q3 2024 was ¥0.24, a decrease of 4.35% year-on-year[3] - The diluted earnings per share also stood at ¥0.24, reflecting a decrease of 4.35% compared to the same period last year[3] - The basic and diluted earnings per share for Q3 2024 were both CNY 0.74, up from CNY 0.70 in Q3 2023, indicating a growth of about 5.71%[21] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥33,316,512.44, attributed to increased customer prepayments and reduced tax payments[6] - Cash inflow from operating activities for the first three quarters of 2024 was CNY 2,029,384,102.95, compared to CNY 1,875,169,477.53 in the same period of 2023, representing an increase of approximately 8.21%[22] - The net cash flow from operating activities for Q3 2024 was CNY 33,316,512.44, a significant improvement from a net outflow of CNY 16,626,256.85 in Q3 2023[23] - Cash and cash equivalents at the end of Q3 2024 amounted to CNY 1,554,068,654.15, compared to CNY 1,456,348,616.87 at the end of Q3 2023, showing an increase of about 6.69%[24] - The total cash outflow from financing activities for the first three quarters of 2024 was CNY 1,071,037,995.45, compared to CNY 810,628,829.74 in the same period of 2023, indicating an increase of approximately 32.19%[24] Investments and Expenses - The company's long-term equity investments rose to CNY 2.84 billion from CNY 2.53 billion, marking an increase of about 12.3%[16] - Research and development expenses for Q3 2024 were CNY 112,437,618.33, slightly up from CNY 112,146,418.92 in Q3 2023[20] - The company reported an investment income of CNY 327,478,356.53 for the first three quarters of 2024, compared to CNY 289,909,853.49 in the same period of 2023, reflecting an increase of 12.95%[20] Operational Insights - The company has not reported any new strategies or significant changes in its operational focus during the reporting period[15] - There were no new products or technologies highlighted in the latest earnings call, indicating a potential area for future development[15] - The company did not disclose any plans for market expansion or mergers and acquisitions in the near term[15] Foreign Exchange and Non-Recurring Items - The company reported non-recurring gains of ¥3,240,641.88 for the year-to-date, with government subsidies contributing ¥28,794,894.02[4] - The company experienced a foreign exchange gain of CNY 521,162.00 in Q3 2024, compared to a loss of CNY 188,421.93 in Q3 2023[24]