| 证券代码：603678 | 证券简称：火炬电子 | 公告编号：2024-029 | | --- | --- | --- | | 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 关于股份回购实施结果暨股份变动的公告 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： | 回购方案首次披露日 | 2024/1/13 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 回购方案实施期限 | 2024 年 1 | 月 | 12 | 日~2024 | | | 年 4 | 月 | 11 日 | | 预计回购金额 | 1,500 | 万元~2,500 | | | 万元 | | | | | | 回购价格上限 | 35 元/股 | | | | | | | | | | 回购用途 | | | 为维护公司价值及股东权益 | | | | | | | | 实际回购股数 | 114.7878 ...

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 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 2023 年年度股东大会的 法律意见书 国枫律股字[2024]A0120 号 致：福建火炬电子科技股份有限公司（贵公司） 北京国枫律师事务所（以下简称"本所"）接受贵公司的委托，指派律师出 席并见证贵公司 2023 年年度股东大会（以下简称"本次会议"）。 本所律师根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人 民共和国证券法》（以下简称"《证券法》"）、《上市公司股东大会规则》（以下简 称"《股东大会规则》"）、《律师事务所从事证券法律业务管理办法》（以下简称"《证 券法律业务管理办法》"）、《律师事务所证券法律业务执业规则（试行）》（以下简 称"《证券律师业务执业规则》"）等相关法律、行政法规、规章、规范性文件及 《福建火炬电子股份有限公司章程》（以下简称"《公司章程》"）的规定，就本次 会议的召集与召开程序、召集人资格、出席会议人员资格、会议表决程序及表决 结果等事宜，出具 ...

本次会议是否有否决议案：无 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 14 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 205,673,256 | | 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 | 45.12 | | 份总数的比例（%） | | | 证券代码：603678 | 证券简称：火炬电子 | 公告编号：2024-028 | | --- | --- | --- | | 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 2023 年年度股东大会决议公告 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： (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： (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。 本次股东大会由公司董事会召集，董事长蔡劲军先生主持，会议采取现场 投票与网络投票相结合的方式表决，符合《公司法》《公司章程》等法律法规及 规范性文件的规 ...

Investment Rating - The report maintains a "Buy" rating for the company, expecting a price increase of over 15% relative to the industry index within the next six months [30]. Core Viewpoints - The company emphasizes technological innovation, with a significant increase in R&D expenses of 35.44% year-on-year, amounting to 144.88 million yuan in 2023, enhancing the core competitiveness of self-developed products [1]. - The company is implementing a smart manufacturing strategy, aiming for digitalization and automation in production processes, which has led to improvements in production efficiency, product quality, and customer service capabilities [2]. - The company has faced a decline in revenue, with a total operating income of 3,504 million yuan in 2023, a decrease of 1.55% year-on-year, and a net profit attributable to shareholders of 318 million yuan, down 60.27% [5]. Financial Performance - The company’s projected revenue growth rates for the next few years are 16.3% in 2024, 18.1% in 2025, and 17.2% in 2026 [5]. - The expected net profit for 2024, 2025, and 2026 is 469 million yuan, 566 million yuan, and 749 million yuan respectively, with corresponding EPS of 1.02, 1.23, and 1.63 yuan [18]. - The company’s total assets as of the end of 2023 were 791,967.40 million yuan, reflecting a growth of 5.01% from the beginning of the year [5]. Strategic Initiatives - The company is focusing on optimizing product promotion strategies and enhancing customer engagement to adapt to market trends and competition [6]. - The company is committed to improving governance and internal controls to ensure high-quality development and compliance with regulations [7]. - The company has initiated an ESG report and restructured its governance to integrate ESG principles into its operations, promoting sustainable development [17].

| 证券代码：603678 | 证券简称：火炬电子 | 公告编号：2024-026 | | --- | --- | --- | | 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 可转债转股结果暨股份变动公告（二） 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。 年度、2021 年度、2022 年度权益分派方案，以及回购注销股权激励限制性股票， 火炬转债最新转股价为 24.15 元/股。 二、"火炬转债"本次转股情况 自 2024 年 1 月 1 日至 2024 年 3 月 31 日期间，共有 1,000 元"火炬转债" 已转换为公司股票，转股股数为 41 股，占可转债转股前公司已发行股份总额的 0.00001%。截至 2024 年 3 月 31 日，累计已有 182,739,000 元"火炬转债"转换 成公司 A 股普通股，累计转股数为 7,214,795 股，占可转债转股前公司已发行股 份总额的 1.59%。 经中国证券监督管理委员会"证监许可[2020]587 号"文核准，公司于 2 ...

| 证券代码：603678 | 证券简称：火炬电子 | 公告编号：2024-027 | | --- | --- | --- | | 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 3 月，公司未进行股份回购。 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： | 回购方案首次披露日 | 2024/1/13 | | --- | --- | | 回购方案实施期限 | 2024 年 1 月 12 日~2024 年 4 月 11 日 | | 预计回购金额 | 1,500 万元~2,500 万元 | | 回购用途 | 为维护公司价值及股东权益 | | 累计已回购股数 | 813,678 股 | | 累计已回购股数占总股本比例 | 0.18% | | 累计已回购金额 | 1,799.82 万元 | | 实际回购价格区间 | 19.08 元/股~23.55 元/股 | 一、 回购股份的基本情况 福建火炬电子科技股份有限公司（以下简称"公司"）于 2024 年 1 月 12 日 ...

福建火炬电子科技股份有限公司 2023 年年度股东大会会议资料 二○二四年四月 火炬电子 2023 年年度股东大会会议资料 福建火炬电子科技股份有限公司 2023 年年度股东大会须知 各位股东及股东代表： 为维护投资者的合法权益，确保公司本次股东大会的顺利召开，依据中国 证券监督管理委员会《上市公司股东大会规则》等有关规定，制定大会须知如 下： 一、本公司根据《公司法》《证券法》《上市公司股东大会规则》和《公 司章程》的规定，认真做好召开股东大会的各项工作。 二、本公司董事会办公室具体负责大会有关程序方面的事宜。 三、为保证股东大会的严肃性和正常秩序，切实维护与会股东（或股东代 表）的合法权益，除出席会议的股东（或股东代表）、公司董事、监事、高级 管理人员、公司聘请的律师及董事会邀请的人员外，公司有权依法拒绝其他人 员进入会场。 四、出席会议的股东（或股东代表）须在会议召开前 10 分钟到会议现场向 董事会办公室办理签到手续，并请按规定出示股票账户卡、身份证或法人单位 证明、授权委托书以及出席人身份证等，经验证后领取会议资料，方可出席会 议。 五、股东需要在大会发言的，应于会议开始前 15 分钟在董事会办公室 ...

鉴于原保荐代表人李程程女士因个人原因已申请从东北证券离职，在完成相 关交接工作后，将不再继续从事对公司的持续督导工作，为保障督导工作的连续 性，东北证券已委派牟悦佳女士（简历附后）接替李程程女士担任公司持续督导 之保荐代表人，继续履行持续督导职责。本次变更后，公司持续督导期间的保荐 代表人为邵其军、牟悦佳，持续督导期至中国证券监督管理委员会和上海证券交 易所规定的持续督导义务结束为止。 公司董事会对原保荐代表人李程程女士在持续督导期间所做出的贡献表示 衷心感谢！ 特此公告。 福建火炬电子科技股份有限公司董事会 | | | 福建火炬电子科技股份有限公司 关于变更持续督导保荐代表人的公告 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"）近日收到东北证券股 份有限公司（以下简称"东北证券"）《关于变更福建火炬电子科技股份有限公 司持续督导之保荐代表人的函》。东北证券作为公司 2020 年公开发行可转换公 司债券的保荐机构，原指定邵其军先生、李程程女士为持续督导的保荐代表人。 截至目前， ...

Operational Expansion and Management - The company has expanded its operational scale, now encompassing 24 subsidiaries, which increases management demands across production, sales, finance, and human resources[1]. - The company is actively involved in various subsidiaries, indicating a diversified operational strategy across different sectors[24]. - The company has established a robust governance structure with a clear decision-making process for executive remuneration[26]. Financial Performance - The company's operating revenue for 2023 was CNY 3,503,594,089.49, a decrease of 1.55% compared to CNY 3,558,715,103.04 in 2022[73]. - Net profit attributable to shareholders for 2023 was CNY 318,381,199.70, down 60.27% from CNY 801,452,854.59 in 2022[73]. - The net cash flow from operating activities for 2023 was CNY 866,784,691.12, a decrease of 6.36% compared to CNY 925,628,801.43 in 2022[73]. - The total remuneration paid to all directors, supervisors, and senior management at the end of the reporting period amounted to 9.15 million yuan[26]. - The basic earnings per share decreased to RMB 0.70, down 60.00% compared to RMB 1.75 in 2022[102]. - The weighted average return on net assets dropped to 5.97%, a decrease of 10.25 percentage points from 2022[102]. Governance and Compliance - The company adheres to legal and regulatory requirements, ensuring a structured governance mechanism that promotes efficient and compliant operations[4]. - The company has implemented a comprehensive independent director system, ensuring that board members fulfill their duties diligently and transparently[6]. - The board of directors held 8 meetings during the year, with all directors present at each meeting, ensuring compliance with corporate governance standards[30]. - The company has established specialized committees under the board, including a remuneration and assessment committee, audit committee, nomination committee, and strategic and ESG committee, to enhance governance and decision-making processes[31]. - The company faced regulatory penalties due to the controlling shareholder's failure to timely disclose equity changes and excessive reduction of shareholding, resulting in a public reprimand from the Shanghai Stock Exchange and a warning letter from the China Securities Regulatory Commission[27]. Research and Development - The company invested 144.88 million yuan in R&D, a year-on-year increase of 35.44%, to enhance core product competitiveness[145]. - Research and development expenses for the year amounted to 49.10 million yuan, reflecting the company's commitment to enhancing its technological capabilities[115]. - The company has 568 valid patents, including 98 invention patents, 441 utility model patents, and 29 design patents, indicating a strong focus on intellectual property protection[118]. - The company has been recognized for its innovative products, including the "giant dielectric constant grain boundary ceramic capacitor" and "gold-tin eutectic preformed solder pads" which passed the 2023 Guangdong Province high-tech product evaluation[86]. Market Strategy and Customer Engagement - The company is focused on expanding its market presence through strategic partnerships and acquisitions[24]. - The company is actively expanding its customer base, achieving record highs in both new and cooperative customer numbers during the year[86]. - The company is enhancing digital transformation through smart manufacturing and lean production to improve operational efficiency[110]. - The company has established a solid foundation for market expansion by signing strategic/framework agreements with several key customers[113]. Shareholder and Executive Remuneration - The company has a comprehensive remuneration policy for directors and senior management, ensuring alignment with industry standards and company performance[26]. - The total number of shares held by Chairman Cai Jinjun increased from 24,983,455 to 25,259,655, reflecting an increase of 276,200 shares due to the fulfillment of stock repurchase commitments[16]. - The company reported a total of 242,350 shares repurchased during the year, with a total expenditure of 915 million yuan[18]. - The company has committed to repurchase excess shares, which has been reflected in the shareholding changes of key executives[16]. Challenges and Risks - The company has outlined potential risks in its management discussion and analysis section, highlighting awareness of future challenges[47]. - The company adjusted product prices to increase customer stickiness, impacting net profit and earnings per share negatively[102]. - The company experienced a significant decline in sales volume in the self-produced components segment due to weaker downstream demand[187]. - Operating costs increased by 18.62% year-on-year, mainly due to a higher proportion of low-margin trade business customers during the reporting period[166].

Investment Rating - The report maintains a "Recommended" rating for the company with a target price of 22.75 CNY [1]. Core Views - The company reported a net profit of 320 million CNY for 2023, a year-on-year decrease of 60.3%, which aligns with market expectations. The total revenue for the year was 3.1 billion CNY, down 59.8% year-on-year due to industry downturns and weak consumer electronics demand [1]. - In Q4 2023, revenue increased by 9% year-on-year to 790 million CNY, while profit decreased by 61% to 30 million CNY. The net profit margin fell by 9.0 percentage points to 30.6% due to a reduction in gross margin [1]. - The company has seen a 59% increase in self-produced ceramic materials, with a revenue of 2.19 billion CNY, representing a 13.3% year-on-year growth. The gross margin for these materials decreased by 15.41 percentage points to 55.6% [1]. - R&D expenses grew by 35% to 1 billion CNY, indicating a commitment to core technology development [1]. Financial Summary - The company achieved total revenue of 3.504 billion CNY in 2023, with a growth rate of -1.5%. The net profit attributable to shareholders was 318 million CNY, reflecting a -60.3% growth rate [2]. - Forecasts for the next three years predict revenues of 4.054 billion CNY in 2024, 4.682 billion CNY in 2025, and 5.337 billion CNY in 2026, with respective growth rates of 15.7%, 15.5%, and 14.0% [2]. - The projected net profit for 2024 is 375 million CNY, with a growth rate of 17.9%, and is expected to reach 505 million CNY by 2026 [2]. Investment Outlook - The company is positioned as a leading enterprise in the special MLCC sector and has the capability for large-scale production of ceramic-based composite materials, which is expected to open new growth avenues. The expansion into active power devices is anticipated to enhance competitive strength [1][2].