转债代码：110062 转债简称：烽火转债 本次会议经审议通过了以下决议： 证券代码：600498 证券简称：烽火通信 公告编号：2024-063 烽火通信科技股份有限公司 第九届董事会第四次临时会议决议公告 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。 烽火通信科技股份有限公司（以下简称"公司"）第九届董事会第四次临时 会议，于 2024 年 11 月 11 日以通讯方式召开。本次会议的会议通知以书面方式 发送至董事会全体董事。会议应参加董事十一人，实际参加董事十一人，符合《公 司法》和《公司章程》的规定，会议合法有效。 本议案已经公司董事会薪酬与考核委员会会议审议通过，同意提交董事会审 议。 特此公告。 烽火通信科技股份有限公司 董事会 2024 年 11 月 12 日 以 9 票同意、0 票反对、0 票弃权，审议通过《关于公司 2021 年限制性股票 激励计划第二个解锁期解锁的议案》：根据公司《2021 年限制性股票激励计划（草 案）》的相关规定，公司 2021 年限制性股票激励计划第二个解锁期解锁条件已达 成， ...

根据公司《2021 年限制性股票激励计划（草案）》的相关规定，公司 2021 年 限制性股票激励计划第二个解锁期解锁条件已达成，同意激励计划涉及的 1,642 名激励对象的限制性股票按规定进行第二次解锁，其可解锁限制性股票共计 17,260,452 股。 监事会对本次解锁的 1,642 名激励对象进行了核查，确认激励对象不存在 被交易所公开谴责或宣布为不适当人选的情况，也不存在因重大违法违规行为被 中国证监会予以行政处罚的情况，并认为激励对象符合《上市公司股权激励管理 办法》以及公司《2021 年限制性股票激励计划（草案）》等的有关规定，作为公 司激励计划解锁的主体资格是合法、有效的；同意公司为激励计划的 1,642 名激 励对象办理第二次解锁手续。 特此公告。 烽火通信科技股份有限公司 监事会 2024 年 11 月 12 日 本公司监事会及全体监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。 烽火通信科技股份有限公司（以下简称"公司"）第九届监事会第二次临时 会议，于 2024 年 11 月 11 日以通讯方式召开。本次会议的会议通知于 ...

Investment Rating - The investment rating for the company is "Outperform the Market" and is maintained [1]. Core Views - The company reported a significant increase in profitability in Q3 2024, with a net profit of 1.76 billion yuan, representing a year-on-year increase of 37.85% [5]. - The company has shown resilience in its core business, particularly in optical communication, and has secured multiple contracts in operator procurement projects, highlighting its competitive strength [6]. - The company is expected to achieve revenue growth in the coming years, with projected revenues of 310.09 billion yuan, 348.41 billion yuan, and 375.30 billion yuan for 2024, 2025, and 2026 respectively [7][8]. Summary by Sections Financial Performance - For the first three quarters of 2024, the company achieved a revenue of 211.54 billion yuan, a year-on-year decrease of 6.23%, while the net profit was 3.94 billion yuan, an increase of 20.07% [5]. - The gross margin for Q3 2024 was reported at 23.64%, with a net margin of 2.42% [5]. Revenue Forecast - The company forecasts revenues of 310.09 billion yuan for 2024, with a slight decline of 0.4% year-on-year, followed by growth of 12.4% and 7.7% in 2025 and 2026 respectively [8][11]. - The projected net profits for the same years are 6.55 billion yuan, 9.01 billion yuan, and 10.51 billion yuan, indicating a strong growth trajectory [7][11]. Business Segments - The communication system equipment segment is expected to generate revenues of 245.18 billion yuan in 2024, with a year-on-year growth of 3.08% [9]. - The optical fiber and cable segment is projected to decline to 48.48 billion yuan in 2024, reflecting a year-on-year decrease of 10% [9]. Valuation - The company is assigned a dynamic PE range of 30-35X for 2025, corresponding to a fair value range of 22.82-26.62 yuan per share [7].

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。 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：2024-062 烽火通信科技股份有限公司 关于公司 2024 年度向特定对象发行 A 股股票 获得中国信息通信科技集团有限公司批复的公告 （信科投管〔2024〕10 号），根据《上市公司国有股权监督管理办法》（国资委财 政部证监会令第 36 号）等有关规定，中国信科原则同意本次公司向特定对象发 行股份的总体方案。 公司本次向特定对象发行 A 股股票尚需获得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同意注册后方可实施。公司将根 据进展情况，及时履行信息披露义务，敬请投资者注意投资风险。 特此公告。 烽火通信科技股份有限公司 董事会 2024 年 10 月 31 日 烽火通信科技股份有限公司（以下简称"公司"）2024 年度向特定对象发行 A 股股票事项已经公司于 2024 年 10 月 11 日召开的第九届董事会第三次临时会 议审议通过，并已在上海证 ...

| 证券代码：600498 | 证券简称：烽火通信 公告编号：2024-061 | | --- | --- | | 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"烽火转债"转股价格调整暨转股停牌的公告 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。 重要内容提示： 证券停复牌情况：适用 因回购注销股权激励限制性股票,本公司的相关证券停复牌情况如下： | 证券代码 | 证券简称 | 停复牌类型 | 停牌起始日 | 停牌 期间 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | | 110062 | 烽火转债 | 可转债转股停牌 | 2024/10/30 | 全天 | 2024/10/30 | 2024/10/31 | 一、关于"烽火转债"转股价格调整的相关规定 根据《烽火通信科技股份有限公司公开发行可转换公司债券募集说明书》（以 下简称"《募集说明书》"）发行条款以及中国证券监督管理委员会关于可转换公司 债券发行的有关规定， ...

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 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 ...