网 址：http://rs.p5w.net。 陕西宝光真空电器股份有限公司 关于参加"2025 年陕西辖区上市公司投资者集体接待日 暨 2024 年度业绩说明会"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法律责任。 为促进上市公司规范运作、健康发展，增强上市公司信息透明度，加强与广大 投资者沟通交流，进一步提升投资者关系管理水平，陕西上市公司协会在陕西证监 局指导下，联合深圳市全景网络有限公司举办"2025 年陕西辖区上市公司投资者集 体接待日暨 2024 年度业绩说明会"。 届时，陕西宝光真空电器股份有限公司（以下简称"公司"）高级管理人员将 通过互动平台与投资者进行网络沟通和交流，欢迎广大投资者踊跃参加！ 活动时间：2025 年 5 月 20 日 15:00-17:00。 活动地址："全景路演" 证券代码：600379 证券简称：宝光股份 编号：2025-015 公司本次业绩说明会召开后，投资者可登录"全景路演"（http://rs.p5w.net）， 选择公司查看本次业绩说明会的召开情况及主要内容。 特此公告。 陕西宝 ...

陕西宝光真空电器股份有限公司 会议资料 股票代码：600379 股票简称：宝光股份 召开日期：2025 年 5 月 16 日 1 | 议案 | 8：独立董事王承玉、曲振尧、刘雪娇 | 年度述职报告 26 | | --- | --- | --- | | | | 2024 | 陕西宝光真空电器股份有限公司 2024 年年度股东大会会议议程 召开时间：2025 年 5 月 16 日（星期五）14:00 召开地点：陕西省宝鸡市渭滨区宝光路 53 号公司科技大楼四楼会议室 召开方式：现场结合网络投票表决 2024 年年度股东大会 召集人：董事会 主持人：董事长谢洪涛先生 会议议程： 一、主持人宣布会议开始； 二、报告现场出席的股东及股东代理人人数及其代表的有表决权股份数量； 三、介绍到会董事、监事、董事会秘书及列席会议的其他高级管理人员、见证律 师以及其他人员； 四、推选本次会议计票人、监票人； 五、与会股东逐项审议以下议案； | 序号 | | 议案名称（非累积投票） | | --- | --- | --- | | 1 | 《公司 | 2024 年年度报告及摘要》 | | 2 | 《公司 | 2024 年度董事会工作报 ...

丨证券研究报告丨 公司研究丨点评报告丨宝光股份（600379.SH） [Table_Title] 业绩符合预期，主业稳健增长 报告要点 [Table_Summary] 公司发布 2024 年年报和 2025 年一季报。公司 2024 年全年营业收入 14.6 亿元，同比+8.5%； 归母净利润 0.9 亿元，同比+27.9%；扣非净利润 0.9 亿元，同比+28.1%。单季度看，公司 2024Q4 营业收入 3.0 亿元，同比+48.5%，环比-3.1%；归母净利润 0.2 亿元，同比+50.8%，环比-7.8%； 扣非净利润 0.2 亿元，同比+50.2%，环比+2.0%。公司 2025 一季度营业收入 3.2 亿元，同比- 20.5%；归母净利润 0.2 亿元，同比+16.1%；扣非净利润 0.2 亿元，同比+16.0%。 分析师及联系人 [Table_Author] research.95579.com 1 邬博华 曹海花 司鸿历 袁澎 SAC：S0490514040001 SAC：S0490522030001 SAC：S0490520080002 SAC：S0490524010001 SFC：BQK4 ...

Financial Performance - The company's operating revenue for 2024 reached ¥1,464,198,681.28, representing an increase of 8.51% compared to ¥1,349,419,062.39 in 2023[26] - The net profit attributable to shareholders for 2024 was ¥90,359,213.41, a growth of 27.93% from ¥70,629,196.29 in 2023[26] - The basic earnings per share for 2024 was ¥0.2736, reflecting a year-on-year increase of 27.91% from ¥0.2139 in 2023[25] - The total assets of the company at the end of 2024 were ¥1,764,158,401.90, which is a 15.37% increase from ¥1,529,096,458.50 at the end of 2023[26] - The company's net assets attributable to shareholders increased by 6.74% to ¥752,322,529.92 at the end of 2024, compared to ¥704,831,390.14 at the end of 2023[26] - The weighted average return on equity for 2024 was 12.40%, an increase of 1.95 percentage points from 10.45% in 2023[25] - The company achieved significant breakthroughs in core technologies, including the first domestic 126kV large-capacity column circuit breaker and a GIS switch 126kV arc extinguishing chamber that reached international leading standards[40] - The company reported a total revenue of 30.4 billion with a net profit of 655.975 million, indicating a strong financial performance[119] Cash Flow and Dividends - The net cash flow from operating activities decreased by 55.27% to ¥35,049,575.29 in 2024, down from ¥78,366,065.65 in 2023[26] - The company plans to distribute a cash dividend of ¥0.4645 per 10 shares, totaling approximately ¥15,337,862.65 for the year 2024[8] - The cumulative cash dividend for 2024, including previous distributions, is projected to be ¥36,143,863.20, which accounts for 40% of the net profit attributable to shareholders[8] - The company aims to maintain a cash dividend of no less than 30% of the net profit attributable to shareholders for the mid-term of 2025[9] - The company approved a cash dividend distribution plan for 2023, amounting to 21.4631 million yuan, which represents 30.39% of the net profit attributable to shareholders[156] - For the first half of 2024, the company plans to distribute a cash dividend of 13.8685 million yuan, accounting for 30.19% of the net profit attributable to shareholders[156] - The total cash dividend for 2024 is projected to be 36.1439 million yuan, which is 40% of the net profit attributable to shareholders for the year[158] Market and Product Development - The market share of the main products further increased, with the production of vacuum arc extinguishing chambers rising by 15.40% and sales increasing by 17.87% year-on-year[37] - The company plans to acquire Kaysail Technology to expand market share[37] - The overseas business structure is being optimized, focusing on developing the European and Middle Eastern markets, with significant progress achieved[38] - The company is implementing a dual-track system of "direct sales + agents" to enhance overseas business channel capabilities[38] - The new energy business, centered on energy storage and hydrogen energy, has shown healthy development and significant progress in strategic emerging industries[36] - The company is targeting international business expansion, particularly in the Middle East and Southeast Asia, to leverage opportunities from industry chain transfers and grid upgrades[87] Research and Development - The company invested ¥54,115,243.07 in R&D, which accounts for 3.70% of its operating revenue[68] - R&D efforts led to a 25% increase in domestic patents compared to the same period last year, with the number of invention patents authorized doubling[41] - The company is focusing on R&D innovation and has implemented incentives for core R&D personnel to drive technological advancements[163] - The company plans to increase R&D investment to accelerate the delivery capability of 126kV and 145kV vacuum interrupters, with a focus on achieving mass production of 252kV vacuum interrupters[85] Corporate Governance and Compliance - The company’s board of directors consists of 7 members, including 3 independent directors, ensuring compliance with legal requirements and effective governance[98] - The company held 1 annual general meeting and 4 extraordinary general meetings during the reporting period, with a total of 25 resolutions passed, demonstrating active shareholder participation[96] - The company has received an "A" rating for its information disclosure practices from the Shanghai Stock Exchange, reflecting its commitment to transparency and compliance[104] - The company has established a transparent performance evaluation and incentive mechanism to motivate employees and ensure the achievement of strategic goals[102] - The company has established a comprehensive internal control system, ensuring no significant defects in financial reporting or internal controls as of December 31, 2024[107] Sustainability and Social Responsibility - The company is committed to sustainable development and has published its 2024 ESG report[184] - The company has implemented 11 energy-saving projects, resulting in a reduction of carbon emissions by 3,871 tons[182] - The company was recognized as a "Green Factory" by the Shaanxi Provincial Industrial and Information Technology Department in 2024[181] - Total social responsibility investment amounted to 27.6 million yuan, benefiting 1 employee in need of medical assistance[185] - The company engaged in poverty alleviation projects with a total investment of 350.6 million yuan, benefiting 900 individuals[186] Risk Management - The company anticipates risks related to domestic grid construction speed and high voltage product policy development, which could impact demand for traditional products[91] - The company faces cost control risks due to fluctuations in the prices of key raw materials such as copper and silver, which are directly linked to international commodity prices[93] - The company is implementing strategies to mitigate risks from intensified industry competition, including product differentiation and focusing on high-value products with strong technical barriers[93] Leadership and Management Changes - The company appointed Peng Dapeng as the new Vice President effective June 28, 2024, following the resignation of Yin Zhe[124] - The company has seen a leadership change with the resignation of several key executives, including the Secretary of the Board and General Counsel, who was replaced by Zhang Hongyu[124] - The company has appointed new directors and supervisors during the reporting period, including the election of Yuan Ruitao and An Sisi[132] Internal Controls and Audits - The internal control system has been evaluated as effective, with no significant deficiencies reported[167] - The audit committee held 8 meetings during the reporting period, approving the 2023 annual audit report and internal control audit report[141] - The company plans to implement a comprehensive credit limit with banks for the year 2024, as approved in the 25th board meeting on April 10, 2024[134]

Group 1 - The core viewpoint of the news is that Baoguang Co., Ltd. reported strong financial performance for 2024, with a consolidated revenue of 1.464 billion yuan, an increase of 8.51% year-on-year, and a net profit attributable to shareholders of 90.36 million yuan, up 27.93% year-on-year [2] - The company has maintained a steady growth trajectory since its listing, with a compound annual growth rate (CAGR) of nearly 9.5% in revenue and over 16% in net profit over the past decade [2] - In terms of profitability, the weighted average return on equity reached 12.4%, marking the highest level in the company's history [2] Group 2 - For 2024, the company aims to consolidate its core competitiveness in vacuum circuit breakers and enhance the quality of its new energy sector, adopting a dual-driven strategy of "vacuum circuit breakers + new energy" [4] - The market share of the company's main products has further increased, with production of vacuum circuit breakers growing by 15.40% and sales by 17.87% compared to the previous year [4] - The company plans to acquire Kaysail Technology to expand its market share and has made significant progress in energy storage and hydrogen energy sectors [4] Group 3 - The company has achieved several technological breakthroughs, including the domestic first 126kV large-capacity column circuit breaker and the international leading level of GIS switch 126kV vacuum circuit breaker [5] - The company has been recognized for its innovation, with a 25% increase in domestic patents compared to the previous year, and the number of invention patents authorized has doubled [6] - The company invested 54.12 million yuan in R&D in 2024, the highest for the same period, with R&D personnel accounting for 19.4% of the workforce [6] Group 4 - Baoguang Co., Ltd. emphasizes shareholder returns, with a commitment to distribute no less than 30% of the net profit attributable to shareholders in cash dividends over the next three years [7] - The company has already conducted two cash dividend distributions in the first half of 2024, with an annual dividend rate reaching 40% [7] - The company has maintained a dividend rate of over 30% for seven consecutive years [7]

目 录 页 次 内部控制审计报告 信会师报字[2025]第 ZG11063 号 一、 内部控制审计报告 1 - 2 陕西宝光真空电股份有限公司 内部控制审计报告 信会师报字[2025]第 ZG11063 号 陕西宝光真空电器股份有限公司全体股东： 按照《企业内部控制审计指引》及中国注册会计师执业准则的相 关要求，我们审计了陕西宝光真空电器股份有限公司（以下简称"宝 光股份"）2024 年 12 月 31 日的财务报告内部控制的有效性。 一、企业对内部控制的责任 按照《企业内部控制基本规范》、《企业内部控制应用指引》、《企 业内部控制评价指引》的规定，建立健全和有效实施内部控制，并评 价其有效性是宝光股份董事会的责任。 二、注册会计师的责任 我们的责任是在实施审计工作的基础上，对财务报告内部控制的 有效性发表审计意见，并对注意到的非财务报告内部控制的重大缺陷 进行披露。 三、内部控制的固有局限性 内部控制具有固有局限性，存在不能防止和发现错报的可能性。 此外，由于情况的变化可能导致内部控制变得不恰当，或对控制政策 和程序遵循的程度降低，根据内部控制审计结果推测未来内部控制的 有效性具有一定风险。 四、财务报告内 ...

陕西宝光真空电器股份有限公司 独立董事 2024 年度述职报告 本人曲振尧，作为陕西宝光真空电器股份有限公司（以下简称"宝光股份"或"公 司"）独立董事，在任职期间严格按照《公司法》《证券法》《上市公司治理准则》 《上市公司独立董事管理办法》《上海证券交易所股票上市规则》《上海证券交易所 上市公司自律监管指引第 1 号——规范运作》等法律法规、规范性文件及《公司章程》 《公司独立董事工作制度》的有关规定，本着对公司和全体股东负责的态度，忠实勤 勉履行独立董事职责，审慎行使独立董事权利，积极出席相关会议，认真审议董事会 及董事会各专门委员会各项议案，及时了解公司的生产经营信息，全面关注公司的发 展状况，对可能影响中小股东利益的事项进行事前审核、发表独立客观的意见，努力 争取在自己的言行和力所能及的范围内，切实维护公司及股东，尤其是中小股东的合 法权益，并把自己的职责，作为自己尽心尽力的履行承诺的标准和尺度。现就 2024 年度履职情况报告如下： 一、独立董事的基本情况 公司在2024年8月份之前是第七届董事会，在8月份进行了董事会换届选举，形成 新的第八届董事会；我作为第七届和第八届董事会独立董事，参与了全年的 ...

1 / 7 陕西宝光真空电器股份有限公司 独立董事 2024 年度述职报告 本人刘雪娇，作为陕西宝光真空电器股份有限公司（以下简称"宝光股份"或 "公司"）独立董事，在任职期间严格按照《公司法》《证券法》《上市公司治理 准则》《上市公司独立董事管理办法》《上海证券交易所股票上市规则》《上海证 券交易所上市公司自律监管指引第1号——规范运作》等法律法规、规范性文件及 《公司章程》《公司独立董事工作制度》的有关规定，本着对公司和全体股东负责 的态度，忠实勤勉履行独立董事职责，审慎行使独立董事权利，积极出席相关会议， 认真审议董事会及董事会各专门委员会各项议案，及时了解公司的生产经营信息， 全面关注公司的发展状况，对可能影响中小股东利益的事项进行事前审核、发表独 立客观的意见，切实维护公司及股东，尤其是中小股东的合法权益。现就2024年度 履职情况报告如下： 一、独立董事的基本情况 公司于2024年8月份进行了董事会换届选举，形成新的第八届董事会。我作为第 七届和第八届董事会独立董事，参与了全年的董事会工作；第八届董事会由7名董事 组成，其中独立董事3名，包括一名会计专业人士，独立董事人数超过董事会成员的 三分之一 ...

陕西宝光真空电器股份有限公司 独立董事 2024 年度述职报告 本人王承玉，作为陕西宝光真空电器股份有限公司（以下简称"宝光股份"或 "公司"）独立董事，在任职期间严格按照《公司法》《证券法》《上市公司治理 准则》《上市公司独立董事管理办法》《上海证券交易所股票上市规则》《上海证 券交易所上市公司自律监管指引第1号——规范运作》等法律法规、规范性文件及 《公司章程》《公司独立董事工作制度》的有关规定，本着对公司和全体股东负责 的态度，忠实勤勉履行独立董事职责，审慎行使独立董事权利，积极出席相关会议， 认真审议董事会及董事会各专门委员会各项议案，及时了解公司的生产经营信息， 全面关注公司的发展状况，对可能影响中小股东利益的事项进行事前审核、发表独 立客观的意见，切实维护公司及股东，尤其是中小股东的合法权益。现就2024年度 履职情况报告如下： 一、独立董事的基本情况 公司在2024年8月份之前是第七届董事会，在8月份进行了董事会换届选举，形 成新的第八届董事会；我作为第七届和第八届董事会独立董事，参与了全年的董事 会工作；第八届董事会由7名董事组成，其中独立董事3名，包括一名会计专业人士， 独立董事人数超过董事 ...

陕西宝光真空电器股份有限公司 市值管理制度 （2025 年 4 月 9 日经第八届董事会第七次会议审议通过制定） 第一章 总则 第一条 为加强陕西宝光真空电器股份有限公司（以下简称"公司"）市值管理 工作，规范公司市值管理行为，切实维护公司投资者特别是中小投资者的合法权益， 提升公司投资价值，增强投资者回报，根据《中华人民共和国公司法》《中华人民 共和国证券法》《国务院关于加强监管防范风险推动资本市场高质量发展的若干意 见》《上市公司监管指引第 10 号—市值管理》《关于改进和加强中央企业控股上 市公司市值管理工作的若干意见》《上海证券交易所股票上市规则》《陕西宝光真 空电器股份有限公司章程》（以下简称"《公司章程》"）及其他法律、行政法规 和规章的有关规定，结合公司实际情况，制定本制度。 第二条 本制度所称市值管理，是指公司以提高公司质量为基础，为提升公司投 资价值和股东回报能力而实施的战略管理行为。公司应以高质量发展为基本前提， 稳步提升经营效率和盈利能力，着力将公司打造为经营业绩佳、创新能力强、治理 体系优、市场认可度高的一流上市公司。 第三条 公司应当牢固树立回报股东意识，采取措施保护投资者尤其是中小 ...