Investment Rating - The report maintains an "Accumulate-A" investment rating for the company [7][8]. Core Views - The company has shown stable revenue growth despite negative impacts from the real estate sector, attributed to optimized channel layouts and enhanced sales capabilities [5][6]. - The company has increased its cash dividend payout ratio significantly in 2023, with a proposed cash dividend amount of 630 million yuan, resulting in a dividend rate of 67.7%, up by 20.2 percentage points year-on-year [6][7]. Financial Performance Summary - In Q4 2023, the company reported revenue of 2.28 billion yuan, a year-on-year increase of 10.5%, and a net profit of 270 million yuan, down 4.6% year-on-year [5]. - For Q1 2024, the company achieved revenue of 1.58 billion yuan, a year-on-year increase of 5.3%, and a net profit of 120 million yuan, up 23.5% year-on-year [5][6]. - The gross margin for Q1 2024 was 38.5%, an increase of 1.6 percentage points year-on-year, driven by improved product platform construction and supply chain efficiency [6]. - The net profit margin for Q1 2024 was 7.6%, up 1.1 percentage points year-on-year, reflecting enhanced profitability [6]. Earnings Forecast - The company is expected to have earnings per share (EPS) of 1.34 yuan, 1.43 yuan, and 1.53 yuan for the years 2024, 2025, and 2026 respectively [7]. - The target price for the stock is set at 18.76 yuan, corresponding to a price-to-earnings (PE) ratio of 14 times for 2024 [7][8]. Market Position - The company is recognized as a leader in the lighting industry, with ongoing digital transformation and platform development enhancing its competitive edge and market share [7].

Investment Rating - The investment rating for the company is "Buy" with a maintained rating for the next six months [2]. Core Views - The company has demonstrated resilient growth despite a slight decline in the domestic general lighting market, achieving a revenue of 7.79 billion yuan in 2023, a year-on-year increase of 7.22% [1][3]. - The company is focusing on high-quality development through cost optimization and digital transformation, leading to an increase in gross margin to 40.3% in 2023, up by 4.6 percentage points year-on-year [4]. - The company plans to distribute a cash dividend of 8.5 yuan per 10 shares, totaling 630 million yuan, reflecting a cash dividend ratio of 67.7% [3]. Summary by Sections Financial Performance - In 2023, the company achieved a net profit of 924.07 million yuan, a year-on-year increase of 17.85%, with a non-recurring net profit of 850 million yuan, up by 34.17% [3][7]. - The company’s revenue is projected to grow to 8.65 billion yuan in 2024, with a growth rate of 11.01% [7][12]. - The earnings per share (EPS) for 2023 is 1.24 yuan, with projections of 1.40 yuan for 2024 [7][12]. Market Position and Strategy - The company is a leader in the domestic home lighting sector, focusing on diversified channel development and enhancing product competitiveness [5]. - The company is leveraging opportunities in the smart lighting sector and expanding its product applications and sales markets, particularly in commercial lighting [5]. - The overseas business segment generated 740 million yuan in revenue in 2023, reflecting a year-on-year growth of 6% [1]. Cost and Profitability - The company’s operating expenses for 2023 were 18.5% for sales, 4.1% for management, and 5.4% for R&D, with a net profit margin of 11.9% [4][7]. - The gross margin for 2023 was 40.3%, indicating effective cost management and product positioning [4]. Future Outlook - The company is expected to achieve net profits of 1.05 billion yuan, 1.18 billion yuan, and 1.33 billion yuan for the years 2024, 2025, and 2026, respectively [5][7]. - The price-to-earnings (P/E) ratio is projected to decrease from 14.43 in 2023 to 10.01 by 2026, indicating potential for value appreciation [7][12].

司 点评报 公 | --- | --- | |--------------------------------|------------| | ＃市 m 场 a 数 rk 据 etData ＃ | ＃ | | 市场数据日期 | 2024-04-26 | | 收盘价（元） | 16.84 | | 总股本（百万股） | 746.43 | | | | | 流通股本（百万股） | 739.05 | | 净资产（百万元） | 6614.58 | | 总资产（百万元） | 9388.89 | | 每股净资产 (元) | 8.86 | ＃相r关el报ate告dReport＃ 《 【 兴 证 家 电 】 欧 普 照 明 （603515.SH）2023 年三季报点 评：平台化降本成效继续释放， Q3 业绩表现亮眼》2023-10-29 《 【 兴 证 家 电 】 欧 普 照 明 （603515）2023 年中报点评： 平台化降本增效，Q2 业绩增速 亮眼》2023-08-30 《 【 兴 证 家 电 】 欧 普 照 明 （603515）2022 年报及 2023 年 一季报点评：Q1 业绩亮眼，盈 利拐点确立》2023-04- ...

[Table_Contacts] [Table_Title] 欧普照明（603515.SH） 优势显著，且积极优化渠道，逐步见效，盈利持续提升。预计 2024-26 年归母净利同比增长 10.2%、9.2%、9.0%。给予公司 2024 年 PE 15x， 对应合理价值 20.46 元/股，维持"增持"评级。 风险提示。原材料大幅涨价；房地产市场出现大幅波动；竞争恶化。 -20% -12% -4% 5% 13% 21% 04/23 06/23 08/23 10/23 12/23 02/24 04/24 欧普照明 沪深300 [分析师： Table_Author]曾婵 SAC 执证号：S0260517050002 SFC CE No. BNV293 zengchan@gf.com.cn SAC 执证号：S0260517110001 021-38003640 [Table_PageText] 欧普照明|年报点评 收入稳健增长，盈利能力持续提升 [Table_Summary] 核心观点： 2023 年收入、利润增长良好。公司披露 2023 年年报，全年收入 77.9 亿元（YoY+7.2%），归母净利 9.2 亿元 ...

欧普照明股份有限公司 审计报告及财务报表 二〇二三年度 信会师报字[2024]第 ZI10297 号 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://arc.mof.mor.com）"进行者 t of the state 欧普照明股份有限公司 审计报告及财务报表 (2023年01月 01 日至 2023年 12月 31 日止) | | 目求 | 页次 | | --- | --- | --- | | 审计报告 1 | | 1-5 | | | 财务报表 · | | | | 合并资产负债表和母公司资产负债表 | 1-4 | | | 合并利润表和母公司利润表 | 5-6 | | | 合并现金流量表和母公司现金流量表 | 7-8 | | | 合并所有者权益变动表和母公司所有者权益变动表 | 9-12 | | 财务报表附注 | | 1-103 | ii 事务所及注册会计师执业资质证明 工信会计师事务所(特殊普通合 INA SHU LUN PAN CERTIFIED PUBLIC ACCOUNTAN 审计报告 信会师报字[2024]第 ZI10297 号 欧普照明股份有限公司全体股东: 一、审计意见 ...

[Important Notice](index=1&type=section&id=%E9%87%8D%E8%A6%81%E5%86%85%E5%AE%B9%E6%8F%90%E7%A4%BA) OPPLE Lighting Co., Ltd.'s quarterly report is guaranteed by the board of directors, supervisory board, and senior management for its truthfulness, accuracy, and completeness, explicitly stating that the first-quarter financial statements are unaudited [Guarantee by the Board of Directors, Supervisory Board, Directors, Supervisors, and Senior Management](index=1&type=section&id=%E5%85%AC%E5%8F%B8%E8%91%A3%E4%BA%8B%E4%BC%9A%E3%80%81%E7%9B%91%E4%BA%8B%E4%BC%9A%E5%8F%8A%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E3%80%81%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E4%BF%9D%E8%AF%81) The company's board of directors, supervisory board, and all directors, supervisors, and senior management guarantee the truthfulness, accuracy, and completeness of this quarterly report, free from false records, misleading statements, or major omissions, and assume legal responsibility - The company's board of directors, supervisory board, and directors, supervisors, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report, free from false records, misleading statements, or major omissions, and assume individual and joint legal liabilities[3](index=3&type=chunk)[4](index=4&type=chunk)[13](index=13&type=chunk) [Are the First-Quarter Financial Statements Audited](index=1&type=section&id=%E7%AC%AC%E4%B8%80%E5%AD%A3%E5%BA%A6%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E6%98%AF%E5%90%A6%E7%BB%8F%E5%AE%A1%E8%AE%A1) The report explicitly states that the company's first-quarter financial statements are unaudited - The first-quarter financial statements are **unaudited**[5](index=5&type=chunk)[14](index=14&type=chunk) [I. Key Financial Data](index=1&type=section&id=%E4%B8%80%E3%80%81%20%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%95%B0%E6%8D%AE) In Q1 2024, OPPLE Lighting's operating revenue and net profit attributable to shareholders both increased year-on-year, but net cash flow from operating activities significantly decreased due to increased raw material purchases, while total assets and shareholders' equity slightly declined at period-end [Key Accounting Data and Financial Indicators](index=1&type=section&id=%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) In Q1 2024, OPPLE Lighting's operating revenue reached 1.583 billion Yuan, a 5.35% year-on-year increase, with net profit attributable to shareholders at 121 million Yuan, up 23.48%, and net profit excluding non-recurring items growing by 36.42%, while net cash flow from operating activities significantly decreased by 182.26% to -172 million Yuan Key Financial Data and Year-on-Year Changes for Q1 2024 | Item | Amount for the Current Period (Yuan) | Year-on-Year Change (%) | | :--- | :--- | :--- | | Operating Revenue | 1,583,098,802.98 | 5.35 | | Net Profit Attributable to Shareholders of the Listed Company | 120,892,584.24 | 23.48 | | Net Profit Attributable to Shareholders of the Listed Company Excluding Non-recurring Gains and Losses | 103,312,969.64 | 36.42 | | Net Cash Flow from Operating Activities | -171,992,675.87 | -182.26 | | Basic Earnings Per Share (Yuan/share) | 0.16 | 23.08 | | Diluted Earnings Per Share (Yuan/share) | 0.16 | 23.08 | | Weighted Average Return on Net Assets (%) | 1.80 | Increased by 0.2 percentage points | Balance Sheet Data and Changes from End of Previous Year for Q1 2024 | Item | Amount at the End of the Current Period (Yuan) | Amount at the End of the Previous Year (Yuan) | Change from the End of the Previous Year (%) | | :--- | :--- | :--- | | Total Assets | 9,388,890,488.03 | 9,877,441,744.50 | -4.95 | | Shareholders' Equity Attributable to Shareholders of the Listed Company | 6,614,576,837.16 | 6,648,896,823.59 | -0.52 | [Non-recurring Gains and Losses Items](index=2&type=section&id=%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE) In Q1 2024, OPPLE Lighting's total non-recurring gains and losses amounted to 17.58 million Yuan, primarily comprising government grants, fair value changes of financial assets and liabilities, and other non-operating income and expenses Non-recurring Gains and Losses Items for Q1 2024 | Non-recurring Gains and Losses Item | Amount for the Current Period (Yuan) | | :--- | :--- | | Gains and Losses from Disposal of Non-current Assets | -130,836.64 | | Government Grants Recognized in Current Profit and Loss | 12,795,960.02 | | Gains and Losses from Changes in Fair Value of Financial Assets and Liabilities Held by Non-financial Enterprises, and Gains and Losses from Disposal of Financial Assets and Liabilities | 5,793,551.03 | | Other Non-operating Income and Expenses Apart from the Above | 2,221,034.62 | | Other Gain and Loss Items Meeting the Definition of Non-recurring Gains and Losses | 754,201.84 | | Less: Income Tax Impact | -3,767,994.88 | | Impact on Minority Shareholders' Equity (After Tax) | -86,301.39 | | Total | 17,579,614.60 | [Analysis of Key Financial Indicator Changes](index=2&type=section&id=%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87%E5%8F%98%E5%8A%A8%E5%88%86%E6%9E%90) Net profit attributable to shareholders excluding non-recurring gains and losses increased by 36.42% year-on-year, driven by higher revenue and improved gross margin, while net cash flow from operating activities decreased by 182.26% due to increased payments for raw material purchases - Net profit attributable to shareholders of the listed company, excluding non-recurring gains and losses, increased by **36.42%** year-on-year, primarily due to increased revenue and higher gross margin in the current period[17](index=17&type=chunk) - Net cash flow from operating activities decreased by **182.26%** year-on-year, primarily due to increased payments for raw material purchases in the current period[17](index=17&type=chunk) [II. Shareholder Information](index=2&type=section&id=%E4%BA%8C%E3%80%81%20%E8%82%A1%E4%B8%9C%E4%BF%A1%E6%81%AF) As of Q1 2024, the company had 16,987 common shareholders, with Zhongshan OPPLE Investment Co., Ltd., Mr. Wang Yaohai, Ms. Ma Xiuhui, Shanghai Fengyue, and Nantong Songyue identified as parties acting in concert [Total Number of Common Shareholders and Top Ten Shareholders' Holdings](index=2&type=section&id=%E6%99%AE%E9%80%9A%E8%82%A1%E8%82%A1%E4%B8%9C%E6%80%BB%E6%95%B0%E5%92%8C%E5%89%8D%E5%8D%81%E5%90%8D%E8%82%A1%E4%B8%9C%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5) At the end of the reporting period, the company had 16,987 common shareholders, with Zhongshan OPPLE Investment Co., Ltd. holding the largest stake at 46.65%, while the company's share repurchase account held 10,429,114 shares but was not listed among the top ten shareholders - The total number of common shareholders at the end of the reporting period was **16,987 households**[7](index=7&type=chunk) Top 10 Shareholders' Holdings at the End of the Reporting Period | Shareholder Name | Shareholder Type | Number of Shares Held | Shareholding Percentage (%) | Number of Restricted Shares Held | Share Status | Pledged, Marked, or Frozen Shares | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Zhongshan OPPLE Investment Co., Ltd. | Domestic Non-State-Owned Legal Person | 348,214,286 | 46.65 | 0 | Pledged | 60,730,000 | | Wang Yaohai | Domestic Natural Person | 122,054,994 | 16.35 | 0 | None | 0 | | Ma Xiuhui | Domestic Natural Person | 118,624,956 | 15.89 | 0 | Pledged | 37,860,000 | | Hong Kong Securities Clearing Company Limited | Other | 28,988,774 | 3.88 | 0 | None | 0 | | Shanghai Fengyue Enterprise Management Partnership (Limited Partnership) | Domestic Non-State-Owned Legal Person | 22,517,900 | 3.02 | 0 | None | 0 | | Nantong Songyue Enterprise Management Partnership (Limited Partnership) | Domestic Non-State-Owned Legal Person | 14,560,000 | 1.95 | 0 | None | 0 | | Lv Biwen | Domestic Natural Person | 1,458,000 | 0.2 | 0 | None | 0 | | Bank of China Co., Ltd. - China Merchants Quantitative Selection Stock Initiated Securities Investment Fund | Other | 1,252,100 | 0.17 | 0 | None | 0 | | Dajia Asset - Minsheng Bank - Dajia Asset - Shengshi Jingxuan No. 2 Collective Asset Management Product (Phase II) | Other | 1,185,437 | 0.16 | 0 | None | 0 | | Ma Zhongyue | Domestic Natural Person | 853,818 | 0.11 | 0 | None | 0 | - The company's dedicated share repurchase account held **10,429,114 shares**, ranking seventh on the company's shareholder list as of March 29, 2024, but is not listed as one of the top ten shareholders according to relevant regulations[32](index=32&type=chunk) [Explanation of Shareholder Related Party Relationships or Concerted Actions](index=4&type=section&id=%E8%82%A1%E4%B8%9C%E5%85%B3%E8%81%94%E5%85%B3%E7%B3%BB%E6%88%96%E4%B8%80%E8%87%B4%E8%A1%8C%E5%8A%A8%E7%9A%84%E8%AF%B4%E6%98%8E) Zhongshan OPPLE Investment Co., Ltd., Mr. Wang Yaohai, Ms. Ma Xiuhui, Shanghai Fengyue, and Nantong Songyue are identified as parties acting in concert, with no other known related party relationships or concerted actions among other shareholders - Zhongshan OPPLE Investment Co., Ltd., Mr. Wang Yaohai, Ms. Ma Xiuhui, Shanghai Fengyue, and Nantong Songyue are **parties acting in concert**[9](index=9&type=chunk) - The company is unaware of any other related party relationships or concerted actions among the aforementioned shareholders as defined by the "Measures for the Administration of the Takeover of Listed Companies"[9](index=9&type=chunk) [III. Other Reminders](index=4&type=section&id=%E4%B8%89%E3%80%81%20%E5%85%B6%E4%BB%96%E6%8F%90%E9%86%92%E4%BA%8B%E9%A1%B9) During the reporting period, the company had no other significant operational information requiring investor attention and did not disclose an audit opinion type, indicating the quarterly report was unaudited [Type of Audit Opinion](index=4&type=section&id=%E5%AE%A1%E8%AE%A1%E6%84%8F%E8%A7%81%E7%B1%BB%E5%9E%8B) The report explicitly states that the type of audit opinion is not applicable for this quarterly report, consistent with the earlier declaration that the first-quarter financial statements were unaudited - The type of audit opinion is **not applicable**[33](index=33&type=chunk) [IV. Quarterly Financial Statements](index=4&type=section&id=%E5%9B%9B%E3%80%81%20%E5%AD%A3%E5%BA%A6%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section presents OPPLE Lighting Co., Ltd.'s consolidated balance sheet, income statement, and cash flow statement for Q1 2024, comprehensively reflecting the company's financial position, operating results, and cash flows at the end of the reporting period [Consolidated Balance Sheet](index=5&type=section&id=%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of March 31, 2024, the company's total assets were 9.389 billion Yuan, a 4.95% decrease from the end of the previous year, with total current assets at 6.630 billion Yuan, total non-current assets at 2.759 billion Yuan, total liabilities at 2.760 billion Yuan, and total shareholders' equity at 6.629 billion Yuan Key Data from Consolidated Balance Sheet (As of March 31, 2024) | Item | March 31, 2024 (Yuan) | December 31, 2023 (Yuan) | | :--- | :--- | :--- | | **Assets** | | | | Cash and Cash Equivalents | 5,004,721,728.27 | 4,552,155,492.10 | | Financial Assets Held for Trading | 384,256,382.10 | 281,729,844.64 | | Accounts Receivable | 551,030,684.06 | 634,453,166.85 | | Inventories | 547,657,970.86 | 572,696,355.76 | | Total Current Assets | 6,629,654,910.27 | 7,129,455,015.27 | | Fixed Assets | 1,349,837,784.26 | 1,363,035,019.23 | | Intangible Assets | 389,265,807.86 | 348,383,507.71 | | Total Non-current Assets | 2,759,235,577.76 | 2,747,986,729.23 | | **Total Assets** | **9,388,890,488.03** | **9,877,441,744.50** | | **Liabilities** | | | | Short-term Borrowings | 156,351,916.32 | 153,582,499.94 | | Accounts Payable | 763,911,831.90 | 972,627,430.06 | | Contract Liabilities | 174,664,732.78 | 147,468,576.69 | | Total Current Liabilities | 2,683,503,578.74 | 3,137,934,231.47 | | Total Non-current Liabilities | 76,594,104.05 | 76,858,346.65 | | **Total Liabilities** | **2,760,097,682.79** | **3,214,792,578.12** | | **Shareholders' Equity** | | | | Total Shareholders' Equity Attributable to Parent Company | 6,614,576,837.16 | 6,648,896,823.59 | | **Total Shareholders' Equity** | **6,628,792,805.24** | **6,662,649,166.38** | [Consolidated Income Statement](index=7&type=section&id=%E5%90%88%E5%B9%B6%E5%88%A9%E6%B6%A6%E8%A1%A8) In Q1 2024, the company achieved total operating revenue of 1.583 billion Yuan, a 5.35% year-on-year increase, with operating profit at 142 million Yuan, up 14.69%, net profit at 121 million Yuan, up 24.48%, and basic earnings per share at 0.16 Yuan, up 23.08%, while R&D expenses decreased and other income significantly increased Key Data from Consolidated Income Statement (Q1 2024) | Item | Q1 2024 (Yuan) | Q1 2023 (Yuan) | | :--- | :--- | :--- | | Total Operating Revenue | 1,583,098,802.98 | 1,502,727,365.51 | | Total Operating Costs | 1,441,243,741.38 | 1,386,524,791.29 | | Operating Profit | 142,459,717.50 | 124,204,210.97 | | Total Profit | 144,429,802.03 | 127,421,498.00 | | Net Profit | 121,269,251.91 | 97,426,561.91 | | Net Profit Attributable to Shareholders of the Parent Company | 120,892,584.24 | 97,906,685.54 | | Basic Earnings Per Share (Yuan/share) | 0.16 | 0.13 | | Diluted Earnings Per Share (Yuan/share) | 0.16 | 0.13 | - Research and development expenses decreased by **20.65%** year-on-year to **83,368,446.44 Yuan**[39](index=39&type=chunk) - Other income increased by **112.14%** year-on-year to **13,550,161.86 Yuan**[39](index=39&type=chunk) [Consolidated Cash Flow Statement](index=9&type=section&id=%E5%90%88%E5%B9%B6%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) In Q1 2024, net cash flow from operating activities was -172 million Yuan, a significant 182.26% year-on-year decrease due to increased payments for goods and services, while net cash flow from investing activities was -156 million Yuan, a sharp decline from 1.789 billion Yuan in the prior year due to significantly reduced cash received from investments, and net cash flow from financing activities was -161 million Yuan, with cash and cash equivalents at period-end totaling 4.998 billion Yuan Key Data from Consolidated Cash Flow Statement (Q1 2024) | Item | Q1 2024 (Yuan) | Q1 2023 (Yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -171,992,675.87 | 209,088,820.33 | | Net Cash Flow from Investing Activities | -155,886,798.98 | 1,788,873,104.66 | | Net Cash Flow from Financing Activities | -160,809,289.69 | -2,242,536.42 | | Net Increase in Cash and Cash Equivalents | -489,303,008.06 | 1,991,496,939.27 | | Cash and Cash Equivalents at End of Period | 4,997,762,532.88 | 3,561,059,166.54 | - Net cash flow from operating activities significantly decreased by **182.26%**, primarily due to increased cash payments for goods and services[17](index=17&type=chunk)[27](index=27&type=chunk) - Subtotal cash inflow from investing activities significantly decreased from **3.291 billion Yuan** in the prior year to **96 million Yuan**, primarily due to a substantial reduction in cash received from investments[27](index=27&type=chunk) [Adjustments to Financial Statements at the Beginning of the First Year of Implementation Due to Initial Adoption of New Accounting Standards or Interpretations](index=10&type=section&id=%E9%A6%96%E6%AC%A1%E6%89%A7%E8%A1%8C%E6%96%B0%E4%BC%9A%E8%AE%A1%E5%87%86%E5%88%99%E6%88%96%E5%87%86%E5%88%99%E8%A7%A3%E9%87%8A%E7%AD%89%E6%B6%89%E5%8F%8A%E8%B0%83%E6%95%B4%E9%A6%96%E6%AC%A1%E6%89%A7%E8%A1%8C%E5%BD%93%E5%B9%B4%E5%B9%B4%E5%88%9D%E7%9A%84%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) During the reporting period, the company did not adjust its financial statements at the beginning of the first year of implementation due to the initial adoption of new accounting standards or interpretations - The company did not adjust its financial statements at the beginning of the first year of implementation due to the initial adoption of new accounting standards or interpretations[28](index=28&type=chunk)

证券代码：603515 证券简称：欧普照明 公告编号：2024-024 欧普照明股份有限公司 关于续聘 2024 年度审计机构和内控审计机构的公告 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： 拟聘任的会计师事务所名称：立信会计师事务所（特殊普通合伙） 一、拟聘任会计师事务所的基本情况 （一）机构信息 1、基本信息 立信会计师事务所（特殊普通合伙）（以下简称"立信"或"立信会计师事 务所"）由我国会计泰斗潘序伦博士于 1927 年在上海创建，1986 年复办，2010 年成为全国首家完成改制的特殊普通合伙制会计师事务所，注册地址为上海市， 首席合伙人为朱建弟先生。立信是国际会计网络 BDO 的成员所，长期从事证券 服务业务，新证券法实施前具有证券、期货业务许可证，具有 H 股审计资格， 并已向美国公众公司会计监督委员会（PCAOB）注册登记。 2、人员信息 截至 2023 年末，立信拥有合伙人 278 名、注册会计师 2,533 名、从业人员 总数 10,730 名，签署过证券服务业务审计报告的注册会计师 6 ...

报告期内，公司审计委员会共召开 4 次会议，具体审议事项如下： 欧普照明股份有限公司 审计委员会 2023 年度履职情况报告 欧普照明股份有限公司 审计委员会 2023 年度履职情况报告 欧普照明股份有限公司（下称"公司"）董事会审计委员会根据中国证监会、 上海证券交易所《上市公司董事会审计委员会运作指引》、《上市公司治理准则》、 《上海证券交易所股票上市规则》、《公司章程》和公司《董事会审计委员会议 事规则》的有关规定，在 2023 年度尽职尽责，积极开展工作，认真履行职责。 现对审计委员会 2023 年度的履职情况汇报如下： 一、董事会审计委员会基本情况 2023 年度，公司董事会审计委员会（以下简称"审计委员会"）由三名董事 组成，其中两名独立董事，委员会召集人由具有专业会计资格的独立董事苏锡嘉 先生担任。报告期内，公司董事会审计委员会为：独立董事苏锡嘉先生、独立董 事卢生江先生、董事马志伟先生。 二、董事会审计委员会会议召开情况 | 序号 | 会议名称 | 召开时间 | 通过议案 | | --- | --- | --- | --- | | 1 | 第四届董事会 审计委员会第 | 2023-1-4 | ...

Financial Performance - The total revenue for the company was 305.61 million RMB, with a net profit of 16.24 million RMB, representing a net profit margin of approximately 5.31%[3] - The company's operating revenue for 2023 was CNY 7,794,988,062.81, representing a year-on-year increase of 7.22%[36] - The net profit attributable to shareholders of the listed company was CNY 924,070,111.39, up 17.85% compared to the previous year[36] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 34.17% to CNY 847,912,642.27[36] - The net cash flow from operating activities surged by 284.03% to CNY 1,666,970,731.00, driven by increased sales scale[36] - The net assets attributable to shareholders at the end of 2023 reached CNY 6,648,896,823.59, a 9.70% increase from the end of 2022[36] - Total assets at the end of 2023 amounted to CNY 9,877,441,744.50, reflecting a 13.59% growth year-on-year[36] - Basic earnings per share increased by 20.19% to CNY 1.25 in 2023 compared to CNY 1.04 in 2022[55] - The net profit attributable to shareholders for Q4 2023 was CNY 265,281,079.94, with a total revenue of CNY 2,281,229,658.98[57] - The company achieved a 35.71% increase in basic earnings per share after deducting non-recurring gains and losses, reaching CNY 1.14 in 2023[55] Investment and Expansion - The company signed a cooperation agreement for the expansion project of the South China headquarters with an investment of 420 million RMB, aiming for a total project investment of 3 billion RMB[2] - The company plans to expand its operations in the Guangdong-Hong Kong-Macao Greater Bay Area with a total investment of approximately ¥25.8 billion[139] - The company has expanded its overseas business by promoting its smart lighting solutions in key regions, establishing benchmark projects in Southeast Asia and the Middle East[92] - The investment cash flow net amount increased by 92.31%, totaling 2.687 billion RMB, primarily due to a reduction in the amount spent on financial products[116] Product Development and Innovation - The company is focusing on technological innovation and aims to enhance supply chain efficiency through new factory construction and existing production line upgrades[5] - The company continues to focus on "smart lighting" as a strategic priority, leveraging IoT and AI technologies[5] - The company launched the "Little Lighthouse" series of eye-protecting lamps, focusing on user health and comfort in lighting[41] - The company is enhancing its product system in the electrical industry to meet evolving consumer demands for aesthetics and smart features[42] - The company has launched multiple patented lighting solutions to meet diverse user needs and is building core technological advantages in IoT and big data[121] - The company is focusing on the development of direct current variable frequency technology for bathroom heaters, enhancing user comfort and energy efficiency[66] - The new generation of fan lights, such as the Jin Feng Pro series, has achieved industry-level energy efficiency certification and won multiple awards, enhancing consumer satisfaction with improved design and performance[87] Market Trends and Strategies - The LED semiconductor lighting industry in China is expected to have a total output value of approximately 657.8 billion RMB in 2023, a decrease of 2.6% compared to 2022[9] - The general lighting market size is estimated to be around 246.6 billion RMB in 2023, showing a slight decrease of 0.1% from the previous year[9] - The lighting industry is experiencing a brand-driven trend towards high-quality, environmentally friendly, and intelligent products, creating new growth opportunities for companies[146] - The focus on health lighting is expected to drive new market opportunities, with an emphasis on understanding consumer pain points and promoting the benefits of health lighting[163] - The trend towards intelligent lighting solutions is expected to enhance energy efficiency and adapt to consumer needs, including air purification and disinfection capabilities[174] Corporate Social Responsibility and ESG - The company has been recognized as a "green factory" and has actively participated in the development of standards for green enterprises, aligning with national low-carbon strategies[99] - The company has adopted a three-tier ESG governance structure to enhance its ESG management level and has initiated carbon inventory actions to address climate change[94] - The company has received several awards for its social responsibility efforts, including the "2020 Annual Listed Company Social Responsibility" award[118] Talent Development and Management - The company has continuously invested in talent acquisition and development, establishing partnerships with top universities to ensure a sustainable talent supply[102] - The company has established a comprehensive training and management system for talent development, including over 1,000 courses on its online learning platform[104] Digital Transformation and Marketing - The company emphasizes the importance of digital transformation and brand enhancement to gain competitive advantages in a challenging market environment[9] - The company is expanding its market presence through enhanced digital marketing strategies and improved retail management systems[119] - The e-commerce business has significantly improved profitability by optimizing product structure and marketing strategies, driving the online gross margin higher[92] Operational Efficiency - The company has implemented advanced manufacturing processes, including the use of industrial robots and AI technology, to optimize production efficiency[122] - The company has implemented a production operation model combining highly automated platform products with flexible production for customized products, optimizing resource integration and cost[80] Customer Engagement and Experience - The company is actively expanding its business footprint and enhancing store experiences to improve consumer engagement and brand recognition[167] - The company aims to enhance product and channel competitiveness by addressing diverse user lighting needs across various scenarios, transitioning from single products to comprehensive lighting solutions[179] - The company is committed to integrating modern lighting systems with smart home devices to improve safety and convenience in residential and commercial spaces[178]

欧普照明股份有限公司 2023 年度独立董事述职报告（陈威如） 欧普照明股份有限公司 2023 年度独立董事述职报告 （陈威如） 作为欧普照明股份有限公司（以下简称"公司"）独立董事，本人按照《公 司法》、《公司章程》、《公司独立董事工作制度》等相关规定和要求，忠实履 行了独立董事的职责，谨慎、认真、勤勉地行使了独立董事的权利，本着独立、 客观和公正的原则，积极出席公司 2023 年度的相关会议，认真审议董事会各项 议案，并对公司相关事项发表独立意见，有效地保证了公司运作的合理性和公平 性，切实维护了公司和全体股东特别是中小股东的利益。现将本人 2023 年度履 行职责情况述职如下： 一、本人基本情况 （一）本人简历 本人陈威如，男，1970 年出生，新加坡国籍，美国普渡大学战略学博士，商 学院教授。2003 年至 2011 年任 INSEAD 欧洲商学院助理教授；2011 年至 2017 年 8 月任中欧国际工商学院（CEIBS）副教授；2017 年 8 月至 2019 年 1 月担任 菜鸟网络科技有限公司首席战略官，2019 年 2 月至 2020 年 7 月担任阿里巴巴产 业互联网研究中心主任，2020 ...