华夏时报（www.chinatimes.net.cn）记者 帅可聪 北京报道 一个装有198万元现金的黑色拉杆箱，两个市值合计约1500万元的股票账户，牵出青海省应急管理厅原厅长韩向晖 与包工头张某之间长达七年的权钱交易。 2025年6月6日，青海省海东市平安区人民法院（下称"平安法院"）公布的张某行贿罪一审判决书显示，在韩向晖 任职祁连县委书记期间，张某借助其职务之便承揽了多项工程，后向韩向晖行贿约803万元。平安法院一审对张某 判处有期徒刑十年，并处罚金80万元。 这是一起以股票账户为载体的新型贿赂案件。判决书显示，198万元现金之外，张某还通过两个股票账户向韩向晖 行贿约605万元。张某代为操作这两个股票账户买入贵州茅台、五粮液等股票，盈利894万元、收益率达147%。法 院最终认定，股票增值部分属于违法孳息，不计入行贿犯罪数额，但应依法予以没收。 北京京本律师事务所主任连大有律师在接受《华夏时报》记者采访时表示，行贿行为不仅损害社会公平正义，还 会给行贿者和受贿者带来严重的法律后果。利用股票行贿是一种相对隐蔽的行贿手段，但依然有迹可循，这一案 例也警示所有潜在的行贿者和受贿者，任何不正当的经济利益获取 ...

证券代码：603515 证券简称：欧普照明 公告编号：2025-029 欧普照明股份有限公司 关于实际控制人股份质押展期的公告 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： 一、股东质押基本情况 公司实际控制人王耀海先生于 2024 年 6 月 12 日将其持有的 4,500 万股（占 当期公司总股本的 6.04%）办理了股票质押业务（具体内容详见本公司 2024-028 号公告）。近日，公司收到王耀海先生就上述股份质押办理展期的通知，已办理 相关质押展期手续。 三、股东累计质押股份情况 截至公告披露日，实控人王耀海先生、马秀慧女士及其一致行动人中山欧普、 上海峰岳、南通嵩岳累计质押股份情况如下： | | | | | | | | 已质押 股份情 况 | | | 未质 押股 份情 况 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | 已 质 | 已 质 | 未 质 | | 未 ...

国内适老化照明专项改造的渗透率不足5%，而且目前适老化照明仍面临标准缺失等困难。 三雄极光市场中心产品部副总经理周宁认为，照明业不断增加附加值的进化方向是"节能+可调光动态照明+ IoT应用及大数据+循环经济+以人为本的人因照 明"。其中，"一老一少"（适老化照明、儿童护眼照明）是照明行业的新兴市场。 "适老化照明蕴藏机会"，周宁说，相比年轻人，老年人睡眠时间更少、视力减弱、更重视居住环境安全。打造无障碍适老化的光环境需要考虑老年人的生理 需求、心理需求和居住需求，要均匀大面积出光、防眩光，可以通过调光、调色、调温等功能，来进行睡眠健康调节、抑制抑郁症，还可以通过多设备联动 与通信来提供更多服务。 国星光电在本届广州国际照明展上也展出了健康照明产品，其中包括适老照明，针对老年人视觉退化特性，采用低蓝光+高红光光源设计。通过降低短波蓝 光延缓晶状体黄变，增强红光波段提升视觉清晰度。 适老化照明标准缺失问题待解 6月12日，为期四天的广州国际照明展落下帷幕。第一财经记者注意到，众多LED照明企业都在寻找打破业绩增长瓶颈的方式，适老化照明是它们竞相探索 的新兴市场。不过，在国内万亿级的"银发经济"市场中，适老化照明 ...

通过充满未来感的泡泡、光线与曲线元素，「太阳」装置构建出一个超越传统照明概念的艺术空间。以 技术为基地，以设计为语言，以人为尺度，让观众纯粹感受光与空间的诗意对话。 同时，我们也看到了中国设计创新的情感表达。光不仅是照明工具，更是连接空间与情感的桥梁。欧普 照明产业生态VP王颖在本次活动开幕仪式上表示,"欧普照明将积极推动照明技术的去工业化，将参数引 入幕后，让人的感受成为设计的核心;向光迁徙不仅是一个口号，更是欧普照明对设计未来的深度思 考。" （原标题：「2025美好空间」中国设计创新转化的新答案） 中国设计已走出简单的符号挪用，进入文化基因创造性转化的新阶段。当科技与工艺、全球与在地、创 新与传承这些看似对立的维度被有机融合，中国设计以人为本，借助现代技术和东方底蕴找到了创新转 化的新答案。 东方设计带来光与空间的新超越 在2025年亚洲设计盛会"设计上海"上，欧普照明以"向光迁徙"为主题首次亮相，携手国际知名建筑事务 所MAD创始合伙人马岩松共同打造震撼人心的「太阳」艺术装置，以中国智造和创新的光影语言重新 定义东方设计美学，成为本届展会最受瞩目的沉浸式体验空间。 MAD建筑事务所创始合伙人马岩松在活 ...

证券代码：603515 证券简称：欧普照明 公告编号：2025-028 欧普照明股份有限公司 关于为全资子公司提供担保的公告 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： 被担保人：苏州欧普照明有限公司（以下简称"苏州欧普"）为欧普照明 股份有限公司（以下简称"欧普照明"或"公司"）的全资子公司。 本次担保金额及实际已为其提供的担保余额：本次为苏州欧普提供主债 权总额不超过 4,000 万等值美元的担保。本次担保实施前，公司为苏州欧普提供 的担保合同金额为 17,000 万元人民币（或等值外币），已实际为其提供的担保余 额为 0 万元人民币。本次担保在公司股东大会授权额度范围之内。（公司对担保 合同金额统计是按照最高额保证合同口径统计） 一、担保情况概述 （一）公司于 2025 年 6 月 10 日与花旗银行（中国）有限公司上海分行签署 《保证函》，公司为苏州欧普提供主债权总额合计不超过 4,000 万等值美元（以 2025 年 6 月 10 日中国人民银行授权中国外汇交易中心公布的人民币汇率中间价 折算，约 ...

近几年，一些家居企业越发重视投资理财的重要性。而这其中，欧普照明的"理财能力"尤其让人眼前一亮。 从近6年的年报业绩来看，欧普照明在营收波动下降的背景下，净利润却并未明显缩水，反而净利润率实现上扬。这种"增利"经营有何法宝？与"理财能 力"到底有多大关系？对于其他大家居建装企业有何启发？ 营收下行，挡不住净利率不降反增！ 然而，家居新范式深入分析近6年的业绩发现，欧普照明营收总体下降，但是净利润并未明显减少。 随着全球经济放缓，欧普照明业绩再次受到冲击。2024年，欧普照明实现营收和归属净利润分别为70.96亿元和9.03亿元，分别同比减少8.96%和2.28%。 反观利润端，2024年，欧普照明的净利润较2021年仅减少450万元，较2018年则增加380万元。相比营收，净利润变动幅度较低，且净利润率有所提升。 2024年，欧普照明净利润率为12.75%，较2021年增加2.43个百分点，较2018年增加1.51个百分点。 家居新范式观察到，欧普照明的盈利能力坚挺，其中一大因素是单位生产成本减少。2024年，欧普照明的营业成本率为60.71%，较2021年减少6.28个百分 点，较2018年减少2.83个百 ...

点击注册小程序 查看完整报告 ①现金分红比例持续提升：公司2024年度现金分红6.66亿元（含税），每10股派现9.0元（含税），全年现 金分红比例73.8%，同比+6.1pcts，创2016年以来历史新高。②分红比例仍有提升潜力：公司2024年股东大 会决议通过了《关于未来三年（2025-2027年）股东分红回报规划的议案》，公司规划在满足正常经营的 资金需求的前提下，25-27年每年度现金分红比例不低于40%，若公司发展阶段属成熟期且无重大资金支出 安排，则现金分红比例不低于80%。 渠道竞争力持续优化，营收降幅环比收窄 25Q1公司实现营业收入14.9亿元，YoY-5.8%；2024年公司实现营业收入71.0亿元，YoY-9.0%，其中24Q4 实现营业收入20.3亿元，YoY-11.1%。公司继续优化渠道，巩固综合竞争力。照明行业显现出智能化、节 能化、健康化发展趋势，公司家居业务以 "场景化解决方案" 优化零售渠道，构建标准化运营体系，创新 社区营销模式，开拓流通渠道网点，深耕下沉市场提升产出；商照业务在航运集团办公楼、商业连锁超市 等低碳节能改造项目中取得突破，在物流园区、新能源厂房等多个领域持续 ...

Investment Rating - The report maintains an "Accumulate" rating for the company [1] Core Views - The company focuses on its core lighting business and continues to enhance its high dividend attributes, with a cash dividend of 666 million yuan for 2024, representing a payout ratio of 73.8%, the highest since 2016 [6] - The company plans to maintain a cash dividend ratio of no less than 40% from 2025 to 2027, potentially increasing to 80% if it reaches a mature development stage without significant capital expenditure [6] - The company achieved a revenue of 1.49 billion yuan in Q1 2025, a year-on-year decrease of 5.8%, and expects a total revenue of 7.1 billion yuan for 2024, down 9.0% year-on-year [7] - The company is optimizing its channels and enhancing its competitive edge, focusing on smart, energy-saving, and health-oriented trends in the lighting industry [7] - Digital transformation efforts are aimed at reducing costs and increasing efficiency across various business segments [8] - Long-term, the company is expected to maintain its leading position in the lighting and electrical sector, with adjusted net profit forecasts for 2025 and 2026 at 933 million yuan and 1.03 billion yuan, respectively [8] Summary by Sections Financial Performance - The company reported a revenue of 7.1 billion yuan for 2024, with a projected revenue growth rate of -8.96% [9] - The net profit for 2024 is expected to be 903 million yuan, with a slight decrease of 2.28% year-on-year [9] - The earnings per share (EPS) for 2024 is projected at 1.21 yuan [9] Profitability and Valuation - The gross margin is expected to be 39.3% in 2024, with a slight increase to 39.8% by 2027 [20] - The company maintains a price-to-earnings (P/E) ratio of 14 for 2025, decreasing to 12 by 2027 [21] - The return on equity (ROE) is projected to be 13.4% in 2024, increasing to 14.0% by 2027 [20] Dividend Policy - The company plans to distribute a cash dividend of 9.0 yuan per 10 shares for 2024, with a total cash dividend of 666 million yuan [6] - The dividend payout ratio is set to increase, with a target of at least 40% from 2025 to 2027 [6]

Company Overview - OPPLE Lighting Co., Ltd. is established as a joint-stock company in accordance with the Company Law and Securities Law of the People's Republic of China [1] - The company was registered in Shanghai and has a registered capital of RMB 745,148,915 [1][2] - The company aims to become a leading brand in the lighting industry with a focus on responsibility, innovation, and speed [1] Share Structure - The total number of shares issued by the company is 745,148,915, all of which are ordinary shares with a par value of RMB 1 per share [4][7] - The company follows principles of openness, fairness, and justice in its share issuance, ensuring equal rights for all shareholders [4][5] Shareholder Rights and Responsibilities - Shareholders have the right to receive dividends and participate in shareholder meetings, as well as the obligation to comply with laws and the company's articles of association [6][10] - Shareholders holding more than 5% of the voting shares must report any pledges of their shares to the company [10][11] Corporate Governance - The company is governed by a board of directors and a supervisory board, with specific roles and responsibilities outlined for each [1][11] - The company holds annual and extraordinary shareholder meetings to discuss key decisions, including financial budgets, profit distribution, and major transactions [18][19] Financial Transactions and Approvals - Major transactions, including asset purchases or sales exceeding 30% of the company's total assets, require approval from the shareholders' meeting [18][19] - The company must disclose any financial assistance or guarantees provided to related parties, ensuring transparency and compliance with regulations [12][14] Legal Compliance - The company is required to maintain compliance with the laws and regulations set forth by the China Securities Regulatory Commission and the Shanghai Stock Exchange [1][2] - Any violations of the articles of association or relevant laws can lead to legal actions initiated by shareholders [10][11]

Meeting Details - The shareholders' meeting of Opple Lighting Co., Ltd. was held on May 28, 2025, in Shanghai [1] - The meeting was convened by the board of directors and chaired by Mr. Wang Yaohai [1] - The voting method combined on-site and online voting, complying with the Company Law and Articles of Association [1] Voting Results - The first resolution was approved with 657,044,682 votes in favor, accounting for 99.8876% of the votes [1][2] - The second resolution received 641,166,499 votes in favor, representing 97.4737% [1] - The third resolution was approved with 641,372,779 votes in favor, which is 97.5051% [1] Shareholder Participation - The meeting included participation from ordinary shareholders and preferred shareholders with restored voting rights [1] - The voting results showed a high level of agreement among A-shareholders, with most resolutions passing with over 97% approval [1][3] Legal Compliance - The meeting's procedures were confirmed to be in compliance with relevant laws and regulations by the witnessing lawyers [5] - The legal opinions provided by the lawyers indicated that the qualifications of attendees and the voting process were valid [5]