| --- | --- | |------------------------------------------------------------------------------------|-------| | | | | 巨龙振翅，公司提质增效推动经营数据向好。烽火通信子公司长江计算是重要的运营商服务器 | | [Table_Author] 于海宁 范超 刘泽龙 烽火通信（600498.SH） cjzqdt11111 [Table_Title 巨龙振翅：传统业务复苏，服务器业务打开 2] 增长空间 公司发布 2023 年年报。报告期内，公司实现营业收入 311.30 亿元，同比增长 0.68%；实现归 母净利润 5.05 亿元，同比增长 24.39%；实现扣非归母净利润 4.55 亿元，同比增长 28.51%。 事件评论 风险提示 2、行业竞争格局恶化。 运营商公布 24 年资本开支计划，聚焦算力建设。烽火通信子公司长江计算是重要的运营 商服务器供应商。AI 大模型迅猛发展带来算力的持续旺盛需求，高性能、智能化的算力 基础设施投入保持快速增长。中国移动指引 2024 年算力投入 475 亿元，同比 ...

Financial Performance - The company's operating revenue for Q1 2024 was CNY 5,058,809,265.97, representing a year-on-year increase of 0.85%[4] - The net profit attributable to shareholders for Q1 2024 was CNY 41,476,510.66, reflecting a year-on-year increase of 10.93%[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 41,832,238.99, with a year-on-year increase of 10.34%[4] - The net profit for Q1 2024 is CNY 40,736,637.83, an increase from CNY 36,611,945.82 in the same period last year, representing a growth of approximately 5.8%[22] - The net profit attributable to shareholders of the parent company is CNY 41,476,510.66, up from CNY 37,390,370.18, indicating a year-over-year increase of about 5.6%[22] - The comprehensive income total for Q1 2024 is CNY 31,967,564.29, compared to CNY 48,081,849.10 in the prior year, reflecting a decline of about 33.4%[22] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -1,861,796,926.92, showing a year-on-year decrease of 42.58%[4] - Cash and cash equivalents decreased by 30.84% primarily due to net outflows from operating activities[7] - The net cash flow from operating activities for Q1 2024 was -1,861,796,926.92 RMB, an improvement from -3,242,223,163.09 RMB in Q1 2023, indicating a 42.5% reduction in cash outflow[49] - The total cash outflow from operating activities in Q1 2024 was 8,029,700,342.97 RMB, compared to 9,548,890,282.45 RMB in Q1 2023, marking a decrease of about 15.9%[49] - The ending cash and cash equivalents balance was CNY 1.76 billion, compared to CNY 1.02 billion at the end of Q1 2023, showing an increase of approximately 72.5%[55] Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 40,925,959,598.94, down 2.40% from the end of the previous year[5] - Total liabilities amount to CNY 25,979,276,369.47, a decrease from CNY 27,018,879,684.32, reflecting a reduction of approximately 3.9%[22] - The total assets amount to CNY 40,925,959,598.94, down from CNY 41,933,585,233.82, indicating a decrease of approximately 2.4%[22] - Total liabilities amounted to 22,734,840,510.45 RMB, a decrease from 23,925,214,585.55 RMB in the previous period, reflecting a reduction of approximately 5%[62] - The company's total equity reached 10,286,547,147.35 RMB, up from 9,874,701,230.93 RMB, representing an increase of approximately 4.2%[62] Borrowings and Financing - Short-term borrowings increased by 35.15%, with a balance of CNY 2,738,550,627.10 at the end of the quarter, up CNY 712 million from the beginning of the year[7] - The company's short-term borrowings increased to 2,040,481,530.52 RMB in Q1 2024 from 1,328,633,718.52 RMB in Q1 2023, representing a rise of about 53.5%[51] - The company reported a cash flow statement for Q1 2024, indicating ongoing financial management efforts[65] - The company’s long-term borrowings increased to 45,400,000.00 RMB from 5,000,000.00 RMB, reflecting a significant rise in financing activities[62] Operational Efficiency - Total operating costs for Q1 2024 were ¥5,143,445,985.73, compared to ¥5,058,685,007.10 in Q1 2023, indicating an increase of about 1.68%[46] - The company reported a significant increase in other income, which rose to ¥78,533,843.18 from ¥33,873,031.68 in the previous year[46] - The company’s financial expenses for Q1 2024 were ¥93,655,515.60, compared to ¥12,310,482.56 in Q1 2023, indicating a substantial increase[46] - The company’s investment income decreased to ¥38,112,574.39 from ¥64,427,196.62 year-over-year, reflecting a decline of approximately 40.83%[46] Inventory and Receivables - Accounts receivable decreased to ¥12,046,109,813.69 from ¥12,411,795,063.89, showing a reduction of about 2.94%[39] - Inventory increased to ¥10,817,403,012.16 from ¥9,718,931,893.58, marking an increase of approximately 11.34%[39] - The company's inventory increased to 6,246,876,289.45 RMB in Q1 2024 from 5,918,900,112.93 RMB in Q1 2023, representing a growth of approximately 5.6%[51] Research and Development - Research and development expenses for Q1 2024 were 268,031,937.19 RMB, slightly up from 264,615,408.28 RMB in Q1 2023, indicating a 1.6% increase[53]

烽火通信科技股份有限公司 募集资金存放与使用情况鉴证报告 大华核字[2024]0011006896 号 大 华 会 计 师 事 务 所 (特 殊 普 通 合 伙 ) Da Hua Certified Public Accountants（Special General Partnership ) 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://acc.mof.gov.cn）"进行查验 京2470NOPL J. 烽火通信科技股份有限公司 募集资金存放与使用情况鉴证报告 目 页 次 一、董事会的责任 烽火通信公司董事会的责任是按照中国证券监督管理委员会《上 市公司监管指引第 2 号――上市公司募集资金管理和使用的监管要 求(2022年修订)》、上海证券交易所发布的《上海证券交易所上市 公司自律监管指引第 1 号 -- 规范运作》及相关格式指引编制募集资 金专项报告,并保证其内容真实、准确和完整,不存在虚假记载、误 导性陈述或重大遗漏。 二、注册会计师的责任 我们的责任是在实施鉴证工作的基础上对烽火通信公司募集资 金专项报告发表鉴证意见。我们按照《中国注册会计师其他鉴证业务 准则第 3101 ...

Financial Performance - The company's operating revenue for 2023 was approximately ¥31.13 billion, an increase of 0.68% compared to ¥30.92 billion in 2022[16] - The net profit attributable to shareholders for 2023 was approximately ¥505.37 million, representing a growth of 24.39% from ¥406.29 million in 2022[16] - The net cash flow from operating activities increased by 25.79% to approximately ¥59.17 million in 2023, compared to ¥47.03 million in 2022[16] - The total assets of the company at the end of 2023 were approximately ¥41.93 billion, an increase of 8.78% from ¥38.55 billion at the end of 2022[16] - The company's net assets attributable to shareholders increased by 8.58% to approximately ¥13.17 billion at the end of 2023, compared to ¥12.13 billion at the end of 2022[16] - Basic earnings per share for 2023 were ¥0.43, a 26.47% increase from ¥0.34 in 2022[17] - The net profit after deducting non-recurring gains and losses for 2023 was approximately ¥454.52 million, up 28.51% from ¥353.70 million in 2022[16] - The company achieved total revenue of 31.13 billion, a year-on-year increase of 0.68% compared to 30.92 billion in 2022[64] - Net profit attributable to shareholders reached 505 million, reflecting a year-on-year growth of 24.39%[64] Investments and Subsidiaries - The company plans to increase its subsidiary Wuhan Changjiang Computing Technology Co., Ltd. with a capital increase of ¥500 million, with an investment from an associated party of ¥90 million[18] - The company has established a new subsidiary, Wuhan Fenghai Guoxin Technology Development Co., Ltd., with a total investment of ¥100 million, where the company holds 50.01%[18] Research and Development - The compound annual growth rate (CAGR) for the computing and storage segment has reached over 50% in recent years, with the company launching a series of self-developed server products and achieving industry-leading liquid cooling technology[39] - Research and development expenses decreased by 12.76%, amounting to a reduction of 523.45 million, due to optimization of project structure[47] - The total R&D investment for the year was 3,856.50 million RMB, representing 12.39% of operating revenue[73] - The number of R&D personnel is 6,998, accounting for 45.65% of the total workforce[100] - The company is actively investing in R&D for new technologies, with a focus on silicon-based optical devices, which is expected to enhance product offerings[122] Market Position and Strategy - The company maintains a leading position in the optical communication industry with a complete industrial chain from optical fibers to system equipment, achieving a market share leadership in specialized optical fibers for aerospace, marine, and nuclear power applications[39] - The company has established a comprehensive marketing service network, covering 31 provinces and regions in China, and has expanded globally with 2 overseas production bases, 8 R&D centers, and 30 representative offices[40] - The company aims to enhance core capabilities and competitiveness, focusing on next-generation optical communication and integrated circuits[83] - The company plans to strengthen international strategies and expand into strategic industries and clients[84] - The company anticipates stable growth in the information communication industry driven by digital transformation and AI development in the medium to long term[106] Financial Management - The company has achieved a 20% reduction in audit fees compared to the previous year, with the total audit fee for 2023 set at 900,000 RMB[35] - Financial expenses decreased by 17.5%, resulting in a reduction of 66.94 million, primarily due to a decrease in exchange losses[47] - The company’s cash flow from operating activities was positive, indicating higher cash inflows than outflows[47] - The company has established a robust bad debt provision policy, ensuring low risk of bad debts due to its receivables primarily being from financially sound operators and industry clients[86] - The company is actively managing its accounts receivable by controlling payment schedules and implementing targeted measures to mitigate bad debt risks[86] Sustainability and Corporate Responsibility - The company completed a 5.4MWP distributed photovoltaic power generation project, generating over 5 million KWH annually and reducing carbon emissions by 2,900 tons per year[56] - The company is committed to sustainable development and enhancing brand value through effective communication and ESG disclosures[84] - The company plans to invest 100 million in sustainable practices and ESG initiatives over the next three years[150] - The company reduced carbon emissions by 2,900 tons through the use of clean energy in production[196] Governance and Management - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 14.261 million yuan[99] - The company has established an effective performance evaluation system and incentive mechanism for senior management and key technical personnel[112] - The company maintains independence from its controlling shareholder in terms of assets, personnel, finance, and operations[112] - The company has independent procurement, R&D, and sales systems, ensuring operational autonomy[115] - The company has established a labor and personnel management system that operates independently from the controlling shareholder[115] Future Outlook - Future guidance suggests a projected revenue increase of 140.0% for the upcoming fiscal year, driven by new product launches and market expansion strategies[121] - The company plans to pursue strategic acquisitions to bolster its competitive position, targeting a 105.0% increase in operational efficiency through these initiatives[121] - New product lines are expected to contribute an additional 88,000 million in revenue, with a projected growth rate of 115.0%[121] - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by 2025[150]

一、 现场检查基本情况 国金证券于 2024年 4 月 22 日至 4 月 23 日对烽火通信进行了持续督导期间 的现场检查。本次现场检查的内容主要包括:公司治理和内部控制情况;信息披 露情况;公司的独立性以及与控股股东、实际控制人及其他关联方资金往来情况; 募集资金使用情况;关联交易、对外担保、重大对外投资情况;经营情况等。 在现场检查过程中,保荐机构结合烽火通信的实际情况,查阅、收集了烽火 通信有关文件、资料,与公司管理人员和员工进行了访谈,实施了包括审核、查 证、询问等必要程序,检查了公司治理和内部控制,信息披露,公司的独立性以 及与控股股东及其他关联方资金往来、募集资金使用、关联交易、对外担保、重 大对外投资以及经营状况等情况,并在前述工作的基础上完成了本次现场检查报 告。 国金证券股份有限公司 关于烽火通信科技股份有限公司 公开发行可转换公司债券持续督导现场检查报告 国金证券股份有限公司(以下简称"保荐机构"或"国金证券")作为烽火通信 科技股份有限公司(以下简称"烽火通信"或"公司")2019年公开发行可转换 公司债券的保荐机构,根据《证券发行上市保荐业务管理办法(2020年修订)》 (以下简称" ...

(一) 股东大会类型和届次 2023 年年度股东大会 关于召开 2023 年年度股东大会的通知 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。 证券代码：600498 证券简称：烽火通信 公告编号：2024-011 重要内容提示： 烽火通信科技股份有限公司 一、 召开会议的基本情况 至 2024 年 5 月 24 日 召开的日期时间：2024 年 5 月 24 日 14 点 30 分 召开地点：武汉市东湖高新区高新四路 6 号烽火科技园 1 号楼 511 会议室 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过 互联网投票平台的投票时间为股东大会召开当日的 9:15-15:00。 (五) 网络投票的系统、起止日期和投票时间。 (六) 融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 股东大会召开日期：2024年5月24日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 (二) ...

烽火通信科技股份有限公司 控股股东及其他关联方资金占用情况的 专项说明 大华核字[2024]0011006897 号 大 华 会 计 师 事 务 所 (特 殊 普 通 合 伙 ) DaHua Certified Public Accountants（Special General Partnership） 烽火通信科技股份有限公司 控股股东及其他关联方资金占用情况的专项说明 （截止 2023 年 12 月 31 日） 目 录 页 次 一、 控股股东及其他关联方资金占用情况的专项 说明 1-2 二、 烽火通信科技股份有限公司 2023 年度非经营 性资金占用及其他关联资金往来情况汇总表 1-6 烽火通信科技股份有限公司全体股东： 我们接受委托，依据《中国注册会计师执业准则》审计了烽火通 信科技股份有限公司（以下简称烽火通信公司）2023 年度财务报表， 包括 2023 年 12 月 31 日的合并及母公司资产负债表，2023 年度的合 并及母公司利润表、合并及母公司现金流量表和合并及母公司股东权 益变动表以及财务报表附注，并于 2024 年 4 月 25 日签发了大华审字 [2024]0011001271 号意 ...

证券代码：600498 证券简称：烽火通信 公告编号：2024-005 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 第九届董事会第二次会议决议公告 公司监事和高管人员列席了会议，会议由董事长曾军先生主持。会议经过审 议，通过了以下决议： 一、以 11 票同意、0 票反对、0 票弃权，审议通过《2023 年度经营工作报 告》。 二、以 11 票同意、0 票反对、0 票弃权，审议通过《2023 年度财务决算报 告》，并提请年度股东大会审议该报告。 本议案在提交董事会审议前，已经公司审计委员会 2024 年第三次会议审议 通过。 三、以 11 票同意、0 票反对、0 票弃权，审议通过《2023 年度董事会工作 报告》，并提请年度股东大会审议该报告。 四、以 11 票同意、0 票反对、0 票弃权，审议通过《2023 年度独立董事述 职报告》（独立董事田志龙先生、郭月梅女士、王雄元先生、陈真先生、王宗军 先生、胡川先生的《2023 年度独立董事述职报告》全文详见上海证券交易所网站 www.sse.com.cn），并提请年度股东大会审议该报告。 五、以 11 票同意、0 票反对、0 票弃权，审议 ...

公司代码：600498 公司简称：烽火通信 烽火通信科技股份有限公司 2023 年度内部控制评价报告 烽火通信科技股份有限公司全体股东： 根据《企业内部控制基本规范》及其配套指引的规定和其他内部控制监管要求（以下简称企业内 部控制规范体系），结合本公司（以下简称公司）内部控制制度和评价办法，在内部控制日常监督和专 项监督的基础上，我们对公司2023年12月31日（内部控制评价报告基准日）的内部控制有效性进行了 评价。 一. 重要声明 按照企业内部控制规范体系的规定，建立健全和有效实施内部控制，评价其有效性，并如实披露 内部控制评价报告是公司董事会的责任。监事会对董事会建立和实施内部控制进行监督。经理层负责 组织领导企业内部控制的日常运行。公司董事会、监事会及董事、监事、高级管理人员保证本报告内 容不存在任何虚假记载、误导性陈述或重大遗漏，并对报告内容的真实性、准确性和完整性承担个别 及连带法律责任。 公司内部控制的目标是合理保证经营管理合法合规、资产安全、财务报告及相关信息真实完整， 提高经营效率和效果，促进实现发展战略。由于内部控制存在的固有局限性，故仅能为实现上述目标 提供合理保证。此外，由于情况的变化可 ...

国金证券股份有限公司 关于烽火通信科技股份有限公司 2023 年度持续督导报告书 经中国证券监督管理委员会(以下简称"中国证监会")《关于核准烽火通信 科技股份有限公司公开发行可转换公司债券的批复》(证监许可[2019]1490 号)核 准,烽火通信科技股份有限公司(以下简称"烽火通信"或"公司")于2019年 12 月公开发行可转换公司债券 308,835 万元。国金证券股份有限公司(以下简称 "保荐机构"或"国金证券"）作为烽火通信公开发行可转换公司债券的保荐机 构,指定程宇、陈乾担任烽火通信持续督导工作的保荐代表人。 根据《证券发行上市保荐业务管理办法》、《上海证券交易所上市公司自律监 管指引第 11 号-持续督导》等相关法规和规范性文件的要求,国金证券开展烽火 通信 2023年度持续督导工作,具体情况如下: 一、2023年度持续督导工作情况 国金证券通过日常沟通、定期回访、现场检查、尽职调查等方式对烽火通信 进行了目常的持续督导,开展了以下相关工作。 | 司不配合保荐人持续督导工作;(五)上海 证券 | | | --- | --- | | 交易所或保荐人认为需要报告的其他情形。 | | | | 保荐机 ...