Investment Rating - The report maintains a "Recommend" rating for the company, indicating a positive outlook with expected outperformance relative to the benchmark index [4][7] Core Views - The company reported steady revenue growth in Q3 2024, with revenue reaching 2.22 billion yuan, a year-on-year increase of 1.07% and a quarter-on-quarter increase of 4.62% [3] - Net profit attributable to the parent company decreased by 19.28% year-on-year for the first three quarters of 2024, primarily due to a one-time land compensation payment in the same period last year [3] - The company's microscope business is expected to benefit significantly from national equipment renewal policies, particularly in education, culture, and healthcare sectors [4] - The company is a national champion in optical microscope manufacturing, positioning it well to capitalize on the equipment renewal trend [4] Financial Performance - For the first three quarters of 2024, the company achieved revenue of 6.51 billion yuan, a year-on-year increase of 6.54%, and net profit attributable to the parent company of 1.40 billion yuan, a year-on-year decrease of 19.28% [3] - Q3 2024 gross margin was 39.36%, a year-on-year increase of 1.1 percentage points, while net margin was 18.26%, a year-on-year decrease of 7.93 percentage points [3] - The company is forecasted to achieve revenue of 9.37 billion yuan in 2024, 12.76 billion yuan in 2025, and 16.92 billion yuan in 2026, representing year-on-year growth rates of 10%, 36%, and 33% respectively [4][6] - Net profit attributable to the parent company is projected to grow to 2.38 billion yuan in 2024, 3.21 billion yuan in 2025, and 4.24 billion yuan in 2026, with corresponding growth rates of 1%, 35%, and 32% [4][6] Business Outlook - The company's scientific instruments business is expected to benefit from domestic substitution and equipment renewal policies, offering significant growth potential [4] - The core optical components business has established relationships with leading clients in various niche markets, with the laser radar segment showing promising growth prospects [4] - The company's PE ratio is projected to decrease from 25 times in 2024 to 14 times in 2026, indicating improving valuation metrics [4][6] Financial Projections - The company's gross margin is expected to remain stable at around 40% from 2024 to 2026 [6] - ROE is forecasted to increase from 11.54% in 2024 to 15.10% in 2026, reflecting improving profitability [12] - EPS is projected to grow from 2.14 yuan in 2024 to 3.82 yuan in 2026 [6][12]

10月28日晚间，永新光学(603297)发布2024年三季报，公司前三季度实现总营业收入6.51亿元，同比增 长6.54%；实现归母净利润1.40亿元，同比减少19.28%，扣非净利润1.18亿元，同比增长1.36%。 公司表示，净利润同比下降主要受上年同期收到分公司土地征收补偿影响。 尽管面临净利润下滑，公司总资产和归属于上市公司股东的所有者权益分别增长5.74%和2.58%，显示 公司整体财务状况仍保持稳健。 永新光学作为一家专注于光学及光学仪器研发、制造和销售的企业，公司主要产品包括显微镜、光学零 件及相关精密光学设备，广泛应用于生命科学、教育、医疗、工业检测等多个领域。 永新光学在光学制造和创新方面积累了丰富的经验，拥有一流的研发团队与先进的生产设备。 公司持续聚焦技术创新，报告显示，2024年前三季度，研发投入达7876.93万元，研发费用同比增长 17.48%，占主营业务的12.11%。 根据公司半年报，在上半年公司实现了高端显微镜和核心光学部件等方面的技术突破，推出NSR950、 NCF1000等高端显微镜，并实现全套复消色差物镜及NA1.49大数值孔径物镜的批量生产。 同时，公司主导制定的I ...

证券代码：603297 证券简称：永新光学 公告编号：2024-040 宁波永新光学股份有限公司 第八届董事会第十次会议决议公告 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法律责任。 一、董事会会议召开情况 宁波永新光学股份有限公司（以下简称"公司"）于 2024 年 10 月 18 日以 电子邮件及专人送达方式发出了关于召开公司第八届董事会第十次会议的通知， 本次会议于 2024 年 10 月 25 日以现场结合通讯的方式召开。本次会议应出席董 事 9 名，实际出席董事 9 名，公司监事及高级管理人员列席会议，会议由联席董 事长毛磊先生主持。本次会议的召开符合《公司法》和《公司章程》的有关规定， 所作决议合法有效。 二、董事会会议审议情况 经过充分讨论，会议审议并通过了如下议案： 1、审议并通过《2024 年第三季度报告》 具体内容详见公司刊载于上海证券交易所网站（www.sse.com.cn）和公司指 定信息披露媒体的《2024 年第三季度报告》。 表决结果：同意 9 票；反对 0 票；弃权 0 票。 2、审议并通过《关于 20 ...

Financial Performance - The company's operating revenue for Q3 2024 was ¥222,237,844.37, representing a year-on-year increase of 1.07%[2] - The net profit attributable to shareholders for Q3 2024 was ¥40,670,472.30, a decrease of 29.72% compared to the same period last year[2] - The basic earnings per share for Q3 2024 was ¥0.37, down 28.55% year-on-year[3] - Total operating revenue for the first three quarters of 2024 reached ¥650,576,561.14, an increase of 6.5% compared to ¥610,644,660.29 in the same period of 2023[13] - Total operating costs for the first three quarters of 2024 were ¥518,583,818.38, up 5.8% from ¥490,086,990.61 in 2023[14] - Operating profit for the first three quarters of 2024 was ¥155,058,082.69, a decrease of 19.0% from ¥191,022,057.68 in 2023[14] - Net profit attributable to shareholders of the parent company for the first three quarters of 2024 was ¥140,256,354.77, down 19.3% from ¥173,757,453.96 in 2023[15] - Basic earnings per share for the first three quarters of 2024 were ¥1.26, compared to ¥1.57 in the same period of 2023[15] - The company reported a total profit of ¥155,017,518.88 for the first three quarters of 2024, compared to ¥190,841,309.02 in 2023, reflecting a decrease of 18.8%[14] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,212,402,624.43, reflecting a 5.74% increase from the end of the previous year[3] - As of September 30, 2024, the total assets of Ningbo Yongxin Optical Co., Ltd. amounted to RMB 2,212,402,624.43, an increase from RMB 2,092,255,031.78 at the end of 2023, reflecting a growth of approximately 5.7%[10] - The company's current assets totaled RMB 1,455,452,598.07, compared to RMB 1,410,712,123.22 at the end of 2023, indicating an increase of about 3.2%[10] - The company's total liabilities increased to RMB 352,998,249.61 from RMB 279,740,275.16, marking an increase of around 26.2%[12] - The total equity attributable to shareholders rose to RMB 1,858,951,174.92 from RMB 1,812,129,264.19, showing an increase of about 2.6%[12] - Short-term borrowings surged to RMB 146,396,804.16 from RMB 40,027,777.77, reflecting a significant increase of approximately 265.5%[11] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥143,137,435.54, a decrease of 12.08% compared to the same period last year[2] - The net cash flow from operating activities for Q3 2024 was ¥143,137,435.54, a decrease of 12.1% compared to ¥162,811,470.62 in Q3 2023[16] - Total cash inflow from investment activities was ¥165,479,585.82, down significantly from ¥1,044,756,040.35 in the same period last year[16] - The net cash flow from investment activities was -¥234,432,309.93, contrasting with a positive net cash flow of ¥175,083,133.89 in Q3 2023[16] - Cash inflow from financing activities totaled ¥146,594,000.00, an increase from ¥66,252,640.00 in Q3 2023[16] - The net cash flow from financing activities was -¥1,154,867.39, compared to -¥83,065,359.68 in the previous year[16] - The ending balance of cash and cash equivalents was ¥722,378,204.50, compared to ¥545,459,632.63 at the end of Q3 2023[16] - The total cash outflow from investment activities was ¥399,911,895.75, down from ¥869,672,906.46 in Q3 2023[16] - The company received ¥158,000,000.00 from other investment-related cash activities, a significant decrease from ¥1,022,000,000.00 in the previous year[16] - The cash paid for purchasing goods and services was ¥366,962,030.90, an increase from ¥354,066,451.99 in Q3 2023[16] - The cash paid to employees was ¥143,161,814.87, up from ¥132,695,199.55 in the same quarter last year[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,829[7] - The largest shareholder, Yongxin Optoelectronics Industry Co., Ltd., held 32,217,250 shares, accounting for 28.99% of the total shares[7] Government Subsidies and R&D - The company received government subsidies amounting to ¥8,269,260.99 during the reporting period[4] - Research and development expenses increased to ¥78,769,380.32 in the first three quarters of 2024, up 17.5% from ¥67,051,245.98 in 2023[14] Other Information - The company reported a decrease in net profit primarily due to the absence of land compensation received in the same period last year, which was ¥23,834,000[6] - The company has not disclosed any new product developments or market expansion strategies in the current report[9] - Other comprehensive income after tax for the first three quarters of 2024 was -¥36,834.82, contrasting with a gain of ¥74,840.23 in the same period of 2023[15] - Cash received from sales of goods and services was ¥660,306,217.59 in the first three quarters of 2024, an increase from ¥637,962,969.69 in 2023[15] - Tax refunds received amounted to ¥18,145,842.14 in the first three quarters of 2024, down from ¥29,129,880.28 in 2023[15]

证券代码：603297 证券简称：永新光学 公告编号：2024-041 宁波永新光学股份有限公司 经过充分讨论，会议审议并通过了如下议案： 1、审议并通过《2024 年第三季度报告》 具体内容详见公司刊载于上海证券交易所网站（www.sse.com.cn）和公司指 定信息披露媒体的《2024 年第三季度报告》。 表决结果：同意 3 票；反对 0 票；弃权 0 票。 2、审议并通过《关于 2023 年限制性股票激励计划首次授予及预留授予部 分第一个限售期解除限售条件成就的议案》 第八届监事会第九次会议决议公告 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法律责任。 一、监事会会议召开情况 宁波永新光学股份有限公司（以下简称"公司"）于 2024 年 10 月 18 日以 电子邮件及专人送达方式发出了关于召开公司第八届监事会第九次会议的通知， 本次会议于 2024 年 10 月 25 日在公司会议室召开。会议应出席监事 3 名，实际 出席监事 3 名。本次会议由监事会主席周辉先生主持。本次会议的召开符合《公 司法》和《公司章程》的有关规定 ...

上海君澜律师事务所 关于 宁波永新光学股份有限公司 2023 年限制性股票激励计划解除限售相关事项 之 上海君澜律师事务所（以下简称"本所"）接受宁波永新光学股份有限公司（以 下简称"公司"或"永新光学"）的委托，根据《上市公司股权激励管理办法》（以下 简称"《管理办法》"）《宁波永新光学股份有限公司 2023 年限制性股票激励计划》（以 下简称"《激励计划》"或"本次激励计划"）的规定，就永新光学本次激励计划首次 及预留授予部分第一个限售期解除限售条件成就（以下简称"本次解除限售"）相关事 项出具本法律意见书。 对本法律意见书，本所律师声明如下： （一）本所律师依据《中华人民共和国证券法》《律师事务所从事证券法律业务管 理办法》和《律师事务所证券法律业务执业规则（试行）》等规定及本法律意见书出具 日以前已经发生或者存在的事实，严格履行了法定职责，遵循了勤勉尽责和诚实信用 原则，进行了充分的核查验证，保证本法律意见所认定的事实真实、准确、完整，所 发表的结论性意见合法、准确，不存在虚假记载、误导性陈述或者重大遗漏，并承担 相应法律责任。 （二）本所已得到永新光学如下保证：永新光学向本所律师提供了为出具本法律 ...

证券代码：603297 证券简称：永新光学 公告编号：2024-042 宁波永新光学股份有限公司 关于2023年限制性股票激励计划首次授予及预留授予部分 第一个限售期解除限售条件成就的公告 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： 公司 2023 年限制性股票激励计划（以下简称"激励计划"或"《激励计 划》"）首次及预留授予部分第一个限售期解除限售条件已成就，符合解除限售 条件的激励对象共 142 名，可解除限售的限制性股票共计 27.96 万股，占公司目 前总股本的 0.25%。 公司将在办理完毕相关解除限售申请手续后，发布限制性股票解除限售 暨股份上市公告。 宁波永新光学股份有限公司（以下简称"公司"、"永新光学"）于 2024 年 10 月 25 日第八届董事会第十次会议和第八届监事会第九次会议审议通过了 《关于 2023 年限制性股票激励计划首次授予及预留授予部分第一个限售期解除 限售条件成就的议案》，同意对符合公司 2023 年限制性股票激励计划首次及预 留授予部分第一个限售期解除限售条件的 2 ...

Investment Rating - The investment rating for the company is "Buy," indicating an expected return exceeding 10% relative to the CSI 300 index over the next six months [11]. Core Views - The company is entering a new phase of domestic substitution with its optical products, particularly in high-end optical microscopy, barcode machine vision, automotive laser radar, and medical optics [3][6]. - The company has established long-term strategic partnerships with leading firms in various sectors, enhancing its R&D and manufacturing capabilities [3][6]. - The company achieved a revenue of 428 million yuan in the first half of 2024, representing a year-on-year growth of 9.62%, while the net profit attributable to shareholders decreased by 14.07% [3][6]. Summary by Sections Business Overview - The company specializes in optical microscopes, barcode scanning lenses, automotive laser radar components, and medical optical products, having developed a strong customer base over decades [3][6]. - The company has achieved over 4% domestic substitution in scientific instruments, marking a significant breakthrough [6]. Financial Performance - In the first half of 2024, the company reported a revenue of 428 million yuan, with a net profit of 100 million yuan [3][6]. - The optical microscope segment saw a revenue decline of 12.78%, while the optical components segment grew by 30.95% [3][6]. - The company’s R&D investment reached 55.68 million yuan in the first half of 2024, a year-on-year increase of 21.33%, accounting for 13% of its main business revenue [3][6]. Future Outlook - The company expects to maintain a good growth trend in the second half of 2024, driven by the recovery of barcode scanning business and the scaling up of laser radar products [3][6]. - Revenue projections for 2024-2026 indicate a net profit of 218 million yuan, 270 million yuan, and 340 million yuan, respectively, with corresponding P/E ratios of 37.20, 30.03, and 23.83 [7][8].

宁波永新光学股份有限公司 股东减持股份计划公告 本公司董事会、全体董事及相关股东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： 证券代码：603297 证券简称：永新光学 公告编号：2024-038 股东持股的基本情况 上述减持主体无一致行动人。 股东过去 12 个月内减持股份情况 1 | 股东名称 | 减持数量 | 减持比例 | 减持期间 | 减持价格区间 | 前期减持计划披 | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | （股） | | | （元/股） | 露日期 | | | | 加茂资讯技术 | 0 | 0 | 2024/4/11～ | 0 | 2024 年 4 4 | 月 | 日 | | 有限公司 | | | 2024/7/11 | | | | | | 加茂资讯技术 | 300,000 | 0.270% | 2023/7/6～ | 87.330-93.006 | 2023 年 7 1 | 月 | 日 | | 有限公司 | | | 2024/1/6 | | ...

证券代码：603297 证券简称：永新光学 公告编号：2024-039 宁波永新光学股份有限公司 关于 2024 年半年度网上业绩说明会召开情况的公告 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。 一、说明会召开情况 宁波永新光学股份有限公司（以下简称"公司"）于 2024 年 9 月 13 日发布 了《关于召开 2024 年半年度网上业绩说明会的公告》，并通过电子邮箱、电话 等方式提前征集投资者所关注的问题。 公司于 2024 年 9 月 24 日 15:00—16:00 在证券日报网路演平台 （http://www.zqrb.cn/huiyi/lyhd/index.html）以网络互动的方式召开了 2024 年半年度网上业绩说明会。公司联席董事长、总经理毛磊先生，独立董事陈 世挺先生，公司财务负责人毛凤莉女士，公司董事会秘书奚静鹏先生出席了本次 说明会，在信息披露允许的范围内就投资者关注的事项与投资者进行了沟通与交 流。 二、本次说明会投资者提出的问题及公司答复情况 公司就投资者在说明会上提出的问题给予了回答，问题及答复 ...