Financial Performance - The company's operating revenue for Q3 2024 was ¥7,304,400,380.75, a decrease of 4.70% compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2024 was ¥176,453,685.86, an increase of 37.85% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥155,328,386.10, reflecting a significant increase of 56.60% compared to the previous year[2]. - The basic earnings per share for Q3 2024 was ¥0.15, up 36.36% year-on-year[2]. - The diluted earnings per share for Q3 2024 was also ¥0.15, representing a 36.36% increase compared to the same period last year[2]. - Total operating revenue for the first three quarters of 2024 was CNY 21,153,838,661.46, a decrease of 6.2% compared to CNY 22,559,248,424.40 in the same period of 2023[14]. - Net profit for the first three quarters of 2024 was CNY 386,786,571.97, an increase of 15.1% from CNY 335,931,311.23 in the same period of 2023[15]. - Total comprehensive income attributable to the parent company reached CNY 402,716,817.49, up from CNY 350,086,094.86 in the previous year, reflecting a growth of approximately 15.5%[16]. Assets and Liabilities - The total assets at the end of the reporting period were ¥43,259,828,035.66, an increase of 3.16% from the end of the previous year[3]. - The company's total assets reached CNY 43,259,828,035.66, an increase from CNY 41,933,585,233.82 at the end of 2023[12]. - Total liabilities increased to CNY 28,103,307,326.35 from CNY 27,018,879,684.32, indicating a rise of 4.0%[12]. - The total liabilities decreased to CNY 22.75 billion at the end of the third quarter of 2024, down from CNY 23.93 billion at the end of the previous quarter[20]. Cash Flow - The net cash flow from operating activities for the year-to-date was -¥1,601,198,869.28, a decrease of 62.68% compared to the same period last year[2]. - The net cash flow from operating activities was negative at CNY -1,601,198,869.28, an improvement from CNY -4,290,949,001.79 in the same period last year[18]. - The net cash flow from operating activities for the first three quarters of 2024 was negative CNY 535.75 million, an improvement from negative CNY 3.04 billion in the same period of 2023[23]. - The company's cash inflow from operating activities was CNY 13.71 billion for the first three quarters of 2024, compared to CNY 12.39 billion in the same period of 2023, reflecting a growth of 10.7%[23]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 102,500[7]. - The report indicates that there are no significant changes in the top 10 shareholders or their participation in margin trading, suggesting stability in shareholder structure[9]. Research and Development - Research and development expenses for the first three quarters of 2024 amounted to CNY 2,814,762,201.17, slightly down from CNY 2,916,542,349.02 in 2023[15]. - Research and development expenses increased to CNY 916.78 million in the first three quarters of 2024, up 71.5% from CNY 533.88 million in the same period of 2023[21]. Market Strategy - The company is focusing on expanding its market presence and enhancing its product offerings, although specific new products or technologies were not detailed in the provided documents[9].

证券代码：600498 证券简称：烽火通信 公告编号：2024-060 转债代码：110062 转债简称：烽火转债 烽火通信科技股份有限公司 关于股权激励限制性股票回购注销实施公告 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个别及连带责任。 重要内容提示： 回购注销原因：烽火通信科技股份有限公司（以下简称"公司"）2021 年限制性股票激励计划激励对象中的 49 人因个人原因已辞职，1 人已身故，根 据公司《2021 年限制性股票激励计划（草案）》的相关规定，上述 50 人已获授 予但尚未解锁的 92.929 万股限制性股票将由公司回购并注销；激励对象中的 28 人因 2023 年度个人绩效考核不符合全部解锁要求，其已获授限制性股票中确认 第二期不可解锁部分合计 9.8208 万股，由公司回购并注销；此次共计回购注销 102.7498 万股限制性股票。 本次注销股份的有关情况 | 回购股份数量（股） | 注销股份数量（股） | 注销日期 | | | | | | --- | --- | --- | --- | --- | --- | ...

湖北得伟君尚律师事务所关于 烽火通信科技股份有限公司 回购注销部分限制性股票相关事宜的 法律意见书 湖北得伟君尚律师事务所 二〇二四年 湖北得伟君尚律师事务所关于 烽火通信科技股份有限公司 回购注销部分限制性股票相关事宜的 法律意见书 （2024）得伟君尚字第 0313 号 致：烽火通信科技股份有限公司 根据湖北得伟君尚律师事务所（以下简称"本所"）与烽火通信科技 股份有限公司（以下简称"烽火通信"或"公司"）签署的《专项法律 服务合同》，本所担任烽火通信限制性股票激励计划（以下简称"激励 计划"）的专项法律顾问。 本所根据《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 股权激励管理办法》（以下简称"《管理办法》"）等有关法律、行政 法规、规范性文件及《烽火通信股份有限公司章程》（以下简称"《公 司章程》"）的有关规定，就公司关于回购注销部分激励对象已获授但 尚未解锁的限制性股票相关事宜出具本法律意见书。 对本所出具的本法律意见书，本所律师声明如下： 1、本所律师承诺依据本法律意见书出具日以前已经发生或存在的 事实和我国现行法律、行政法规和 ...

Investment Rating - The report maintains a "Buy" rating for the company [5][9]. Core Viewpoints - The company plans to raise funds through a private placement to supplement working capital, with the controlling shareholder, China Information Communication Technology Group, intending to fully subscribe to the offering. The issue price is set at 12.88 yuan per share, with a total fundraising amount not exceeding 1.5 billion yuan [5][6]. - The raised funds are expected to support the continuous and rapid expansion of the company's computing and storage business, which has seen a compound annual growth rate of over 50% in recent years [5][6]. - The company’s subsidiary, Yangtze Computing, has become a significant partner in the AI server market, with a notable market share in the operator sector, which is anticipated to enhance revenue and profitability [5][6]. Summary by Sections Fundraising Plan - The company has approved a plan to issue A-shares to specific investors, with the total number of shares to be issued being 116 million, accounting for no more than 30% of the total share capital before the issuance [5][6]. - The net proceeds from the fundraising will be used entirely to supplement working capital, which is crucial for meeting the growing operational demands [5][6]. Financial Projections - The company forecasts net profits attributable to shareholders for 2024, 2025, and 2026 to be 702 million, 1.023 billion, and 1.516 billion yuan, respectively, representing year-on-year growth rates of 39%, 46%, and 48% [5][6]. - The projected price-to-earnings ratios for the same years are 29x, 20x, and 14x, indicating a favorable valuation outlook [5][6]. Market Position - The company is positioned to benefit from the rapid development of the industry and technological advancements, which are expected to drive the overall business scale and increase working capital needs [6]. - The company has a comprehensive solution set supporting digital industrialization and has maintained a strong focus on R&D to enhance its competitiveness in the optical communication sector [6].

Investment Rating - The investment rating for the company is "Outperform the Market" [2] Core Views - The report highlights the company's stable growth in performance, with a continuous improvement in gross profit margin [5] - The actual controller's full participation in the private placement demonstrates confidence in the company's long-term development [5] - The company is expected to optimize its capital structure and reduce liquidity risks through the raised funds [5] Financial Summary - The company's revenue is projected to grow from 31,130 million yuan in 2023 to 53,226 million yuan in 2026, reflecting a year-on-year growth of 27.3% in 2024 and 21.6% in 2025 [7][10] - Net profit is expected to increase from 505 million yuan in 2023 to 1,040 million yuan in 2026, with a significant year-on-year growth of 35.7% in 2024 [7][10] - The earnings per share (EPS) is forecasted to rise from 0.43 yuan in 2023 to 0.88 yuan in 2026 [7][10] Business Segmentation - The communication system equipment segment is expected to grow from 23,785 million yuan in 2023 to 44,787 million yuan in 2026, with a year-on-year growth of 34.77% in 2024 [8] - The optical fiber and cable segment is projected to remain stable, with revenues of 53.87 billion yuan in 2023 and slight growth in subsequent years [8] - The data network products segment is anticipated to recover, with a projected revenue increase of 15% annually from 2024 to 2026 [8] Valuation - The report suggests a dynamic PE range of 35-40X for 2024, corresponding to a reasonable value range of 20.25-23.14 yuan per share [5] - The company's historical valuation and comparable company average valuation levels were considered in the assessment [5][9]

本次发行预案的披露不代表审核、注册部门对于本次发行相关事项的实质性 判断、确认、批准或注册。预案所述本次发行相关事项的生效和完成尚需取得有 权国资授权管理单位的批准、公司股东大会审议通过、上海证券交易所审核通过 及中国证券监督管理委员会作出同意注册决定等程序，敬请广大投资者注意投资 风险。 烽火通信科技股份有限公司 关于向特定对象发行股票预案披露的提示性公告 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。 2024 年 10 月 11 日，烽火通信科技股份有限公司（以下简称"公司"）召开 了第九届董事会第三次临时会议和第九届监事会第一次临时会议，审议通过了 《烽火通信科技股份有限公司 2024 年度向特定对象发行 A 股股票预案》《烽火 通信科技股份有限公司 2024 年度向特定对象发行 A 股股票方案论证分析报告》 等公司向特定对象发行股票（以下简称"本次发行"）相关议案。 《烽火通信科技股份有限公司 2024 年度向特定对象发行 A 股股票预案》《烽 火通信科技股份有限公司 2024 年度向特定对象发行 A 股股票方 ...

转债代码：110062 转债简称：烽火转债 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司证券发 行注册管理办法》等法律、法规和规范性文件以及《公司章程》等相关规定，本 次董事会审议通过的部分议案尚需提交股东大会审议表决。 基于公司总体工作安排，公司董事会将在本次董事会会后择期召开股东大会 审议《关于公司 2024 年度向特定对象发行 A 股股票方案的议案》等议案，并发 布召开股东大会的通知，会议时间以届时通知的内容为准。 特此公告。 烽火通信科技股份有限公司 董事会 2024 年 10 月 12 日 证券代码：600498 证券简称：烽火通信 公告编号：2024-056 烽火通信科技股份有限公司 关于暂不召开临时股东大会的公告 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个别及连带责任。 2024 年 10 月 11 日，烽火通信科技股份有限公司（以下简称"公司"）第九 届董事会第三次临时会议审议通过了《关于公司 2024 年度向特定对象发行 A 股 股票方案的议案》等议案，具体内容详见公司发布的《烽火通信科技股份有 ...

烽火通信科技股份有限公司 前次募集资金使用情况 鉴证报告 致同会计师事务所 (特殊普通合伙) | | | | 前次募集资金使用情况鉴证报告 | 1-2 | | --- | --- | | 公司前次募集资金使用情况报告 | 1-7 | | 前次募集资金使用情况对照表 | 8 | | 前次募集资金投资项目实现效益情况对照表 | 6 | 同会计师事务所(特殊普通合伙 前次募集资金使用情况鉴证报告 致同专字(2024)第 110A018303 号 烽火通信科技股份有限公司全体股东: 我们审核了后附的烽火通信科技股份有限公司(以下简称 烽火通信)截 至 2024年6月30日的前次募集资金使用情况报告、前次募集资金使用情况对 照表和前次募集资金投资项目实现效益情况对照表。按照中国证监会《监管 规则适用指引一一发行类第 7号》的规定编制上述前次募集资金使用情况报 告及对照表是降火通信董事会的责任,我们的责任是在实施鉴证程序的基础 上对烽火通信董事会编制的上述前次募集资金使用情况报告及对照表提出鉴 证结论。 我们按照《中国注册会计师其他鉴证业务准则第 3101 号 -- 历史财务信 息审计或审阅以外的鉴证业务》的规定计划和实 ...

证券代码：600498 证券简称：烽火通信 二〇二四年十月 1 2024 年度向特定对象发行 A 股股票预案 证券代码：600498 证券简称：烽火通信 公司声明 1、公司及董事会全体成员保证本预案内容真实、准确、完整，并确认不存 在虚假记载、误导性陈述或重大遗漏。并对其真实性、准确性、完整性承担法律 责任。 2、本次向特定对象发行股票完成后，公司经营与收益的变化，由公司自行 负责；因本次向特定对象发行股票引致的投资风险，由投资者自行负责。 3、本预案是公司董事会本次向特定对象发行股票的说明，任何与之相反的 声明均属不实陈述。 4、投资者如有任何疑问，应咨询自己的股票经纪人、律师、专业会计师或 其他专业顾问。 5、本预案所述事项并不代表审批机关对于本次向特定对象发行股票相关事 项的实质性判断、确认、批准或核准，本预案所述本次向特定对象发行股票相关 事项的生效和完成尚待取得有权国有资产监督管理部门或其授权主体的批准、公 司股东大会审议通过本预案并对认购对象免于发出要约进行批准、上海证券交易 所审核通过并经中国证监会作出同意注册的决定。 6、本预案按照《上市公司证券发行注册管理办法》等法规及规范性文件的 要求编制 ...

转债代码：110062 转债简称：烽火转债 证券代码：600498 证券简称：烽火通信 公告编号：2024-052 烽火通信科技股份有限公司 关于向特定对象发行 A 股股票摊薄即期回报的风险提示、 填补回报措施及相关主体承诺的公告 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。 重要提示 为进一步落实《国务院办公厅关于进一步加强资本市场中小投资者合法权益 保护工作的意见》（国办发[2013]110 号）以及中国证监会《关于首发及再融资、 重大资产重组摊薄即期回报有关事项的指导意见》（证监会公告[2015]31 号）等 规定的要求，保障中小投资者利益，公司就本次发行对即期回报摊薄的影响进行 了认真分析，制定了具体的摊薄即期回报的填补措施。现公告如下： 以下关于烽火通信科技股份有限公司（以下简称"烽火通信"或"公司"） 2024 年度向特定对象发行 A 股股票后其主要财务指标的分析、描述，不代表公 司对未来年度经营情况及财务状况的判断，亦不构成盈利预测。投资者不应据此 进行投资决策，投资者据此进行投资决策造成损失的，公司不承 ...