| 证券代码：603678 | 证券简称：火炬电子 | 公告编号：2025-024 | | --- | --- | --- | | 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 关于股东大会开设网络投票提示服务的公告 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。 二〇二五年四月九日 福建火炬电子科技股份有限公司（以下简称"公司"）拟于 2025 年 4 月 11 日 14:30 召开 2024 年年度股东大会，本次会议采用现场投票和网络投票相结合 的表决方式。具体内容详见公司于 2025 年 3 月 22 日在上海证券交易所网站 （www.sse.com.cn）披露的《火炬电子关于召开 2024 年年度股东大会的通知》 （公告编号：2025-019）。 为更好地服务广大中小投资者，确保有投票意愿的中小投资者能够及时参 会、便利投票，公司拟使用上证所信息网络有限公司（以下简称"上证信息"） 提供的股东大会提醒服务，委托上证信息通过智能短信等形式，根据股权登记日 的股东名册主动提醒股东参会 ...

| 证券代码：603678 | 证券简称：火炬电子 | 公告编号：2025-023 | | --- | --- | --- | | 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 关于提前赎回"火炬转债"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： 福建火炬电子科技股份有限公司（以下简称"公司"）于2025年3月 24日召开第六届董事会第二十一次会议，审议通过了《关于提前赎回"火炬 转债"的议案》，决定行使"火炬转债"的提前赎回权利，对赎回登记日登 记在册的"火炬转债"按照债券面值加当期应计利息的价格全部赎回。公司 于2025年3月25日披露了《火炬电子关于提前赎回"火炬转债"的公告》（公 告编号：2025-020）。公司将尽快披露相关公告明确有关赎回程序、价格、 时间等具体事宜。 投资者所持可转债除在规定时限内通过二级市场继续交易或按照 23.89元/股的转股价格进行转股外，仅能选择以100元/张的票面价格加当期 应计利息被强制赎回。若被强制赎回，可能面临 ...

Core Viewpoint - The company is preparing for its 2024 Annual General Meeting (AGM) scheduled for April 11, 2025, focusing on maintaining investor rights and ensuring orderly proceedings [1][2][3]. Meeting Procedures - The company has established guidelines for the AGM, including registration requirements for shareholders and representatives, and procedures for speaking and voting during the meeting [2][3]. - Only registered shareholders and invited personnel are allowed to attend the meeting, ensuring the integrity and order of the proceedings [1][3]. - Shareholders wishing to speak must register 15 minutes before the meeting, with a limit of ten speakers based on shareholding [2]. Financial Performance - For the reporting period, the company reported a revenue of 2,801.50 million RMB, a decrease of 20.04% compared to the previous year [4]. - The net profit attributable to shareholders decreased by 38.90% to 194.52 million RMB, reflecting challenges in the business environment [4]. - The company’s operating cash flow net amount was 654.08 million RMB, down 24.54% from the previous year [4]. Board and Committee Activities - The board held nine meetings during the year, making decisions on significant matters such as share buybacks and profit distribution [5]. - The board's specialized committees, including the Strategy and ESG Committee, Audit Committee, and Compensation and Assessment Committee, conducted meetings to enhance governance and oversight [5][7]. Future Outlook - The company aims to focus on compliance and innovation, optimizing management processes to reduce costs and enhance research and development [8]. - The strategy includes consolidating its position in electronic components and exploring new business growth areas to adapt to market changes [8]. Shareholder Engagement - The company has established a robust investor relations framework, ensuring timely communication and addressing investor concerns effectively [7][8]. - The company is committed to transparent information disclosure, adhering to legal requirements and enhancing the quality of its disclosures [7]. Financial Health - The total assets of the company amounted to 7,707.48 million RMB, with total liabilities of 1,990.31 million RMB, resulting in an asset-liability ratio of 25.82% [15][16]. - The company reported a net asset return of 3.57%, down from 5.97% in the previous year, indicating a need for improved profitability [16]. Employee Stock Ownership Plan - The company proposed a fourth employee stock ownership plan to enhance employee engagement and align interests with shareholders [20][21]. - The plan aims to stabilize and attract core team members, promoting long-term sustainable development [20][21].

福建火炬电子科技股份有限公司 2024 年年度股东大会会议资料 二○二五年四月 火炬电子 2024 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 2024 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 ...

Summary of Key Points Core Viewpoint - The announcement provides an update on the conversion of the "Torch Convertible Bonds" into the company's A-shares, detailing the amounts converted and the remaining unconverted bonds as of March 31, 2025 [1][2]. Group 1: Conversion Status - As of March 31, 2025, a total of 268,900,000 yuan of "Torch Convertible Bonds" has been converted into 10,821,085 shares, representing 2.39% of the company's total shares before conversion [1]. - During the first quarter of 2025, from January 1 to March 31, 86,087,000 yuan of "Torch Convertible Bonds" was converted into 3,603,206 shares [2]. - The remaining unconverted bonds amount to 331,100,000 yuan, which constitutes 55.18% of the total issued convertible bonds [1][2]. Group 2: Bond Issuance Overview - The company issued 600,000 convertible bonds with a face value of 100 yuan each, totaling 60 million yuan, which began trading on June 23, 2020 [1]. - The initial conversion price was set at 25.33 yuan per share, which has been adjusted to the latest conversion price of 23.89 yuan per share [1]. Group 3: Share Capital Changes - The total number of shares before the conversion was 458,342,279, which increased to 461,945,485 after the conversion [2]. - The number of unrestricted circulating shares increased from 458,342,279 to 461,945,485 due to the conversion of the bonds [2].

累计转股情况：截至 2025 年 3 月 31 日，福建火炬电子科技股份有限公 司（以下简称"公司"）发行的"火炬转债"累计已有 268,900,000 元转换成公 司 A 股普通股，累计转股数为 10,821,085 股，占可转债转股前公司已发行股份 总额的 2.39%。 未转股可转债情况：截至 2025 年 3 月 31 日,公司尚未转股的可转债金额 为 331,100,000 元，占可转债发行总量的比例为 55.18%。 本季度转股情况：自 2025 年 1 月 1 日至 2025 年 3 月 31 日期间，共有 86,087,000 元"火炬转债"已转换为公司股票，转股股数为 3,603,206 股。 一、"火炬转债"发行上市概况 经中国证券监督管理委员会"证监许可[2020]587 号"文核准，公司于 2020 年 5 月 27 日公开发行了 60 万手可转换公司债券，每张面值 100 元，发行总额 60,000.00 万元，期限 6 年，票面利率为第一年 0.40%、第二年 0.60%、第三年 1.00%、第四年 1.50%、第五年 1.80%、第六年 2.00%。 | 证券代码：603678 | ...

Core Viewpoint - Fujian Torch Electronics Technology Co., Ltd. has decided to exercise its early redemption rights for the "Torch Convertible Bonds" due to the stock price meeting the required conditions, which may lead to significant investment losses for bondholders who do not act in time [2][3]. Group 1: Early Redemption Announcement - The company held its 21st meeting of the 6th Board of Directors on March 24, 2025, and approved the proposal for early redemption of the "Torch Convertible Bonds" [2][3]. - The bonds will be redeemed at face value plus accrued interest for those registered on the redemption date [2][3]. - The company will disclose further details regarding the redemption process, price, and timing in subsequent announcements [2][3]. Group 2: Conditions for Redemption - The early redemption was triggered as the stock price closed above 130% of the conversion price of 23.89 CNY per share for fifteen trading days from March 4 to March 24, 2025 [3]. - The company has communicated that bondholders can either trade in the secondary market or convert their bonds at the specified conversion price before the redemption [2][3]. Group 3: Investor Advisory - Bondholders are advised to convert or sell their bonds within the stipulated time frame to avoid forced redemption at 100 CNY per bond plus accrued interest, which could result in substantial losses [2][5]. - It is recommended that investors check for any pledges or freezes on their bonds and resolve these issues to prevent forced redemption [4].

福建火炬电子科技股份有限公司 关于提前赎回"火炬转债"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： 福建火炬电子科技股份有限公司（以下简称"公司"）于2025年3月 24日召开第六届董事会第二十一次会议，审议通过了《关于提前赎回"火炬 转债"的议案》，决定行使"火炬转债"的提前赎回权利，对赎回登记日登 记在册的"火炬转债"按照债券面值加当期应计利息的价格全部赎回。公司 于2025年3月25日披露了《火炬电子关于提前赎回"火炬转债"的公告》（公 告编号：2025-020）。公司将尽快披露相关公告明确有关赎回程序、价格、 时间等具体事宜。 | 证券代码：603678 | 证券简称：火炬电子 | 公告编号：2025-021 | | --- | --- | --- | | 转债代码：113582 | 转债简称：火炬转债 | | 炬转债"的有条件赎回条款。 公司于 2025 年 3 月 24 日召开第六届董事会第二十一次会议，全票审议通过 了《关于提前赎回"火炬转债"的议案》，决定行使"火炬转债"的提前赎 ...

Investment Rating - The report maintains a "Recommended" rating for Torch Electronics, indicating a positive outlook for the company's performance in the coming months [2][10]. Core Insights - The company reported a total revenue of 2.80 billion yuan for 2024, a decrease of 20.04% year-on-year, and a net profit attributable to shareholders of 194.52 million yuan, down 38.90% year-on-year [3][4]. - Despite the overall revenue decline, the active components segment saw a revenue increase of 25.53%, driven by growth in semiconductor chips across various applications [4]. - The military MLCC market is expected to recover, supported by national defense spending and modernization efforts, positioning the company as a key supplier in this sector [5][6]. - The fourth employee stock ownership plan aims to enhance management efficiency and align employee interests with company performance, with performance targets set for 2025 [6][10]. Financial Performance Summary - In 2024, passive components revenue decreased by 16.36% to 840 million yuan, while active components revenue increased to 150 million yuan [4]. - The company forecasts significant revenue growth in the coming years, with projected earnings per share (EPS) of 1.10 yuan in 2025, 1.40 yuan in 2026, and 1.74 yuan in 2027 [10][11]. - The total revenue is expected to rebound to 4.09 billion yuan in 2025, reflecting a growth rate of 45.91% [11]. Market Position and Strategy - Torch Electronics is recognized as a core supplier of military MLCCs, which is anticipated to drive a recovery in its business performance [5][6]. - The company has established a strong competitive advantage through its extensive experience and proprietary technologies in the electronic components and new materials sectors [6][12].

Investment Rating - The report maintains a "Recommended" rating for Torch Electronics, indicating a positive outlook for the company's performance in the coming months [2][10]. Core Insights - The company reported a total revenue of 280.15 million yuan for 2024, a year-on-year decline of 20.04%, and a net profit attributable to shareholders of 19.45 million yuan, down 38.90% year-on-year [3][4]. - Despite the overall pressure on performance, the active components segment showed growth, with revenue increasing by 25.53% year-on-year [4]. - The company is positioned as a core supplier of military MLCCs in China, with expectations for a recovery in this market segment due to increased defense spending and modernization efforts [5][6]. Summary by Sections Financial Performance - In 2024, passive components revenue decreased by 16.36% to 84 million yuan, with a gross margin of 65.00%, down 9.2 percentage points [4]. - Active components revenue reached 15 million yuan, reflecting a growth of 25.53%, with a gross margin of 7.68%, up 0.8 percentage points [4]. - Ceramic materials revenue fell by 16.18% to 13.4 million yuan, with a gross margin of 51.73%, down 3.87 percentage points [4]. - International trade revenue decreased by 24.60% to 165.4 million yuan, with a gross margin of 14.55%, up 4.1 percentage points [4]. Employee Stock Ownership Plan - The company launched its fourth employee stock ownership plan, covering up to 178 employees, with performance targets set for 2025 [6]. - The plan aims to enhance management efficiency and align employee interests with company performance, reflecting confidence in future growth [6]. Future Outlook - The company forecasts earnings per share (EPS) of 1.10 yuan, 1.40 yuan, and 1.74 yuan for 2025, 2026, and 2027 respectively, indicating a recovery trajectory [10][11]. - The expected revenue growth rates for the next few years are projected at 45.91% for 2025, 23.25% for 2026, and 16.53% for 2027 [11].