| 证券代码：603678 | 证券简称：火炬电子 | 公告编号：2024-063 | | --- | --- | --- | | 转债代码：113582 | 转债简称：火炬转债 | | 福建火炬电子科技股份有限公司 关于实施 2024 年半年度权益分派时"火炬转债" 停止转股的提示性公告 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法律责任。 重要内容提示： 证券停复牌情况：适用 因福建火炬电子科技股份有限公司（以下简称"公司"）实施 2024 年半年度 权益分派,本公司的相关证券停复牌情况如下： 联系电话：0595-22353689、0595-22353679 特此公告。 福建火炬电子科技股份有限公司董事会 公司2024年半年度利润分配方案为：以权益分派股权登记日的总股本，扣除 回购专用证券账户的股份为基数，向全体股东每10股派发现金红利0.70元（含税）。 本次分配不送红股，不进行转增股本。该利润分配方案已经公司2024年9月6日召 开的2024年第三次临时股东大会审议通过，具体内容详见公司在上海证券交易所 网站披露的"2024 ...

福建火炬电子科技股份有限公司 2024 年第三次临时股东大会决议公告 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。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 | 证券代码：603678 | 证券简称：火炬电子 | 公告编号：2024-062 | | --- | --- | --- | | 转债代码：113582 | 转债简称：火炬转债 | | (一) 股东大会召开的时间：2024 年 9 月 6 日 (二) 股东大会召开的地点：福建省泉州市鲤城区常泰街道新塘社区泰新街 58 号公司会议室 (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 239 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 207,116,485 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 45.47 | (四) 表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等 ...

北京国枫律师事务所 关于福建火炬电子科技股份有限公司 2024 年第三次临时股东大会的 法律意见书 国枫律股字[2024]A0452 号 北京市东城区建国门内大街 26 号新闻大厦 7 层、8 层 电话：010-88004488/66090088 传真：010-66090016 邮编：100005 1 网络投票结果均由相应的证券交易所交易系统和互联网投票系统予以认证； 3．本所及经办律师依据《证券法》《证券法律业务管理办法》《证券法律业务执 业规则》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； 4．本法律意见书仅供贵公司本次会议之目的使用，不得用作任何其他用途。本所 律师同意将本法律意见书随贵公司本次会议决议一起予以公告。 本所律师根据《公司法》《证券法》《股东大会规则》《证券法律业务管理办法》 《证券法律业务执业规则》等相关法律、行政法规、规章、规范性文件的要求，按照律 师行业公认的业务标 ...

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 [9]. Core Views - The report highlights that Torch Electronics (603678) is expected to open a second growth curve in ceramic materials, despite a decline in revenue and net profit in the first half of 2024 [2]. - The company achieved operating revenue of 1.43 billion yuan, down 9.6% year-on-year, and a net profit attributable to shareholders of 160 million yuan, down 35.2% [2]. - The report notes a gradual stabilization in the military electronic components sector, with expectations for recovery as deliveries accelerate towards the end of the 14th Five-Year Plan [2]. - The ceramic materials segment is currently transitioning from research to mass production, with significant growth anticipated in the second half of 2024 [2]. Financial Performance Summary - In the first half of 2024, the company reported a gross margin of 32.9%, with a slight increase in the second quarter to 33.3% [2][6]. - The company's operating income for 2024 is projected to be 3.51 billion yuan, reflecting a minimal growth of 0.21% compared to 2023 [4]. - The net profit attributable to shareholders is expected to reach 321 million yuan in 2024, a slight increase of 0.74% from the previous year [4]. - The report indicates that the company's management expenses increased by 17.9%, primarily due to higher asset depreciation [4]. Business Segment Analysis - The self-produced passive components segment generated revenue of 540 million yuan, down 17.4% year-on-year, attributed to a decrease in the number of specifications shipped [7]. - The new materials segment reported revenue of 66 million yuan, down 15.1%, mainly due to project completions leading to a gap in business [7]. - The trading business generated revenue of 82 million yuan, down 3.4%, impacted by intensified competition [7]. Market Outlook - The report anticipates a recovery in demand for electronic components, although fluctuations are expected due to pricing pressures and cyclical demand [2]. - The ceramic materials sector is characterized by oligopolistic competition, with expectations for increased demand as projects near completion [2].

公司报告 | 半年报点评 业绩环比出现显著上扬，下游需求或将持续修复 事件：公司发布 2024 年中报，实现营收 14.27 亿元，同比-9.58%，主要系 行业景气度波动所致；实现归母净利润 1.64 亿元，同比-35.24%，主要系 公司毛利较高的自产业务销售收入减少所致。公司 24Q2 实现营业收入 7.75 亿元，环比+18.96%；归母净利润 8999.13 万元，环比+21.15%。我们认为， 公司 24 年 H1 同比业绩短期承压，但 24Q2 营收与净利润环比 Q1 均呈现 明显上涨，下游需求修复明显。 ⚫ 景气度修复&新业务成长提供可观弹性，期间费用率有望得到有效控 制 公司 2024 年 H1 销售净利率 11.08%，同比-5.45pct；销售毛利率 32.94%， 同比-6.64pct；期间费用率达 18.99%，同比+2.41pct，其中销售/管理/财务/ 研发费用率分别为 5.02%/9.58%/0.82%/3.57% ，同比分别 +0.35/+2.23/-0.09/-0.09pct，管理费用率大幅增加主要系资产折旧摊销增加 引起。我们认为下游客户需求或已初步恢复，现有业务需求有望 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company reported a revenue of 1.427 billion yuan in the first half of 2024, a year-on-year decrease of 9.58%, and a net profit attributable to shareholders of 164 million yuan, down 35.24% year-on-year [1] - The company is experiencing a slowdown in downstream demand recovery due to industry fluctuations, leading to a decline in sales revenue, particularly in high-margin self-owned businesses [1] - The company has initiated a share buyback program, indicating a strong financial position and sufficient cash flow, which may enhance shareholder returns [2] - The company maintains a stable position in the electronic components sector and is actively expanding into new markets, with a focus on Southeast Asia [2] - The company expects strong growth in defense demand and a recovery in downstream military orders, which will drive revenue growth in its components business [2] Financial Performance Summary - The company achieved total revenue of 3.504 billion yuan in 2023, with projections of 3.949 billion yuan in 2024, 4.787 billion yuan in 2025, and 5.584 billion yuan in 2026, reflecting a year-on-year growth of 12.70% in 2024 [8] - The net profit attributable to shareholders is projected to be 453.22 million yuan in 2024, 625.08 million yuan in 2025, and 762.04 million yuan in 2026, with corresponding P/E ratios of 23, 17, and 14 [2][8] - The company's earnings per share (EPS) is expected to increase from 0.99 yuan in 2024 to 1.66 yuan in 2026 [8] - The company’s total assets are projected to grow from 8.310 billion yuan in 2024 to 9.794 billion yuan in 2026 [8] Market Position and Strategy - The company has been recognized as a key player in the electronic components industry for 12 consecutive years, indicating a strong competitive position [2] - The company is leveraging its established supply chain management and strategic partnerships to enhance its market share and brand influence [2] - The new materials segment is expected to contribute to profitability growth, driven by policy support and efficient collaboration within the supply chain [2]

Investment Rating - The report maintains a "Recommended" rating for the company, indicating a positive outlook based on its industry position and growth potential in new business areas [1][3]. Core Views - The company reported a revenue of 1.427 billion yuan for the first half of 2024, a year-over-year decline of 9.6%, with a net profit attributable to shareholders of 164 million yuan, down 35.2% year-over-year. The performance aligns with market expectations, influenced by fluctuations in industry demand and price adjustments to maintain market share [1]. - The company has shown a clear trend of improvement in net profit over the last two quarters, with a significant quarter-on-quarter increase of 21.1% in Q2 2024, following a 182.0% increase in Q1 2024 [1]. - The company is a leading player in the special MLCC market and is expanding its core competencies in active power devices, with ceramic-based composite materials expected to open new growth avenues [1]. Financial Summary - For 2024, the company is projected to achieve a revenue of 4.054 billion yuan, representing a growth rate of 15.7% compared to 2023. The net profit attributable to shareholders is expected to be 375 million yuan, reflecting a growth rate of 17.9% [2][4]. - The company’s gross margin for the first half of 2024 decreased by 6.4 percentage points to 32.9%, while the net margin fell by 5.4 percentage points to 11.1% [1]. - The company has increased its R&D investment, with R&D expenses amounting to 50.979 million yuan in the first half of 2024, accounting for 8.41% of its main business revenue [1]. Product and Market Performance - The company’s self-produced components business generated revenue of 540 million yuan in the first half of 2024, down 17.36% year-over-year, while its international trade business achieved revenue of 810 million yuan, a decline of 3.40% year-over-year [1]. - The company’s subsidiaries, such as Fujian Millimeter and Tianji Technology, have made significant business breakthroughs, with Fujian Millimeter's self-produced business revenue increasing by 16% year-over-year [1]. Future Outlook - The company is expected to see net profits of 3.75 billion yuan, 4.38 billion yuan, and 5.05 billion yuan from 2024 to 2026, with corresponding price-to-earnings ratios of 29x, 25x, and 22x [1][2].

Dividend Distribution - The company plans to distribute a cash dividend of 0.70 RMB per 10 shares, totaling approximately 31,883,041.61 RMB based on a total share capital of 458,339,982 shares as of July 31, 2024[4]. - The company has not disclosed any plans for stock increases or bonus shares in the current dividend distribution proposal[4]. - The company distributed cash dividends of 1.50 yuan per 10 shares, totaling 68.32 million yuan[41]. - The company plans to distribute a cash dividend of 0.70 RMB per 10 shares (including tax) to all shareholders, pending approval at the shareholders' meeting[62]. Financial Performance - The report period covers from January 1, 2024, to June 30, 2024[9]. - The company's operating revenue for the first half of 2024 was ¥1,426,720,226.31, a decrease of 9.58% compared to ¥1,577,799,821.93 in the same period last year[16]. - Net profit attributable to shareholders was ¥164,272,030.84, down 35.24% from ¥253,682,339.48 year-on-year[16]. - Basic earnings per share decreased to ¥0.36, a decline of 34.55% from ¥0.55 in the previous year[17]. - The weighted average return on equity fell to 3.00%, down 1.71 percentage points from 4.71% in the same period last year[17]. - The company's net cash flow from operating activities was ¥489,988,650.73, a decrease of 14.02% compared to ¥569,878,272.79 last year[16]. - The total assets at the end of the reporting period were ¥7,576,410,739.44, down 4.33% from ¥7,919,674,036.94 at the end of the previous year[16]. - The company achieved total operating revenue of 1,426.72 million yuan in the first half of 2024, a year-on-year decrease of 9.58%[35]. - Net profit attributable to shareholders of the listed company was 164.27 million yuan, down 35.24% year-on-year[35]. - The total comprehensive income for the first half of 2024 was CNY 160,201,602.61, down 41.0% from CNY 271,775,596.07 in the same period of 2023[113]. Risk Management - The report includes a detailed description of potential risks faced by the company, which investors should consider[6]. - The company faces risks related to fluctuations in downstream market demand, which could impact revenue from its capacitor production and sales business[55]. - The company is exposed to market competition risks in the capacitor manufacturing industry, where it competes with established international players[56]. - The company has implemented a robust customer credit management system to mitigate the risk of bad debts, although some clients may experience longer payment cycles[59]. Corporate Governance - The board of directors and management confirm the accuracy and completeness of the financial report, with no significant omissions or misleading statements[2]. - The company has established a corporate governance structure including a board of directors, supervisory board, and various functional departments[134]. - The company has fulfilled its commitments regarding the integrity of the controlling shareholders and actual controllers during the reporting period[81]. Research and Development - The company has accumulated 635 patents, including 120 invention patents, demonstrating strong R&D capabilities[31]. - The company initiated 13 key technology development projects and 12 resistance research projects during the reporting period[40]. - Research and development expenses amounted to 50.98 million yuan, representing 8.41% of the main business revenue[40]. - The company has recognized the rapid market demand for high-performance capacitors in emerging sectors such as 5G and automotive electronics[56]. Environmental Compliance - The company processed 3,049 tons of wastewater in the first half of 2024, with a total nitrogen discharge of 0.009527 tons[64]. - The wastewater discharge concentration limits were set at ≤500 mg/L for CODCr and ≤35 mg/L for ammonia nitrogen, complying with the GB8978-1996 standard[64]. - The company has established a wastewater treatment facility with a capacity of 100 tons per day, ensuring compliance with local discharge requirements[68]. - The company has implemented a real-time monitoring system for non-methane total hydrocarbons emissions from its facilities[69]. - The company has completed environmental impact assessments and obtained necessary permits for pollution control facilities[71]. - The company reported no exceedances in pollutant emissions during the reporting period[64]. - The company has achieved ISO 14001 environmental management system certification, emphasizing sustainable development and social responsibility[76]. Shareholder Information - The total number of common shareholders as of the end of the reporting period is 34,830[92]. - The largest shareholder, Cai Mingtong, holds 166,485,440 shares, representing 36.32% of total shares[93]. - The second-largest shareholder, Cai Jinjun, holds 25,259,655 shares, representing 5.51% of total shares, with 3,500,000 shares pledged[93]. - The top ten shareholders include various investment funds, with the largest fund holding 19,324,006 shares, representing 4.22%[93]. Investment Activities - The company has cumulatively invested RMB 42,186.21 thousand of the raised funds, representing 71.38% of the total net amount raised[84]. - The company has completed investments in 3 projects through its wholly-owned subsidiary, totaling 44 million RMB, and has also invested 180 million JPY in one project through its subsidiary in Japan[89]. - The company has not conducted any investment activities in the newly established investment partnerships during the reporting period[89]. Financial Instruments and Accounting - The company recognizes financial instruments when it becomes a party to the contract, with financial assets derecognized when cash flow rights are terminated[161]. - Financial liabilities are derecognized when the obligation is discharged, and new financial liabilities are recognized upon substantial modification of terms[161]. - The company classifies financial assets into three categories: amortized cost, fair value through profit or loss, and fair value through other comprehensive income[162]. - Expected credit losses are recognized for financial assets measured at amortized cost and fair value through other comprehensive income, based on the risk of default[167]. Capital Structure - The company has a registered capital of 458,339,982 yuan as of June 30, 2024[133]. - The company issued 600,000 convertible bonds with a total amount of 60,000.00 million, which can be converted into shares at an initial price of 25.33 yuan per share[133]. - As of June 30, 2024, 182,758,000 yuan of the convertible bonds have been converted into 7,215,582 shares[133]. Operational Expansion - The company is focusing on the electronic components and new materials sectors, which are expected to benefit from government policies and technological advancements[20][21]. - The company has established production bases in Quanzhou, Guangzhou, and Chengdu, with operational centers in Shanghai, Beijing, and Shenzhen[23]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[121].

福建火炬电子科技股份有限公司 第六届董事会第十六次会议决议的公告 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。 福建火炬电子科技股份有限公司（以下简称"公司"）第六届董事会第十六 次会议于 2024 年 8 月 19 日在公司会议室以现场方式召开。本次会议由董事长蔡 劲军先生召集并主持，应出席董事 7 人，实际出席董事 7 人，公司监事及高级管 理人员列席会议。会议的召集、召开符合《公司法》及《公司章程》的规定，审 议通过如下决议： 1、 审议《公司 2024 年半年度报告及摘要》； 公司 2024 年半年度财务报告已经第六届董事会审计委员会第八次会议审议 通过。 审议结果：7 票赞成，0 票反对，0 票弃权，结果为通过。 内容详见上海证券交易所网站 www.sse.com.cn 同日披露的《火炬电子 2024 年半年度报告》及《火炬电子 2024 年半年度报告摘要》。 | 证券代码：603678 | 证券简称：火炬电子 | 公告编号：2024-055 | | --- | --- | --- | | 转债代码：113582 ...

| 证券代码：603678 | 证券简称：火炬电子 | 公告编号：2024-057 | | --- | --- | --- | | 转债代码：113582 | 转债简称：火炬转债 | | 福建火炬电子科技股份有限公司 2024 年半年度募集资金存放与实际使用情况专项报告 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。 根据《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》 《上海证券交易所上市公司自律监管指引第1号—规范运作》《上海证券交易所上 市公司自律监管指南第1号—公告格式》的有关规定，现将公司2024年半年度募集 资金存放与使用情况报告如下： 一、 募集资金基本情况 （一）募集资金基本情况 经中国证券监督管理委员会"证监许可［2020］587 号"文核准，公司公开发 行可转换公司债券 600 万张，每张面值为 100 元，募集资金总额为 60,000 万元， 扣除发行费用 897.25 万元（不含税）后，实际募集资金净额为人民币 59,102.75 万元。 上述募集资金已于 2020 年 6 月 2 日全 ...