证券代码：605333 证券简称：沪光股份 公告编号：2025-008 昆山沪光汽车电器股份有限公司 关于召开 2025 年第一次临时股东大会的通知 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、 召开会议的基本情况 (一) 股东大会类型和届次 2025 年第一次临时股东大会 召开的日期时间：2025 年 3 月 3 日 14 点 0 分 召开地点：江苏省昆山市张浦镇沪光路 388 号四楼会议室 (五) 网络投票的系统、起止日期和投票时间。 股东大会召开日期：2025年3月3日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 (二) 股东大会召集人：董事会 (三) 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 (四) 现场会议召开的日期、时间和地点 网络投票系统：上海证券交易所股东大会网络投票系统 (六) 融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 涉及融资融券、转融通业务、约定购回业务相关账户以及沪股通投资者 的投票，应按照《上海证券交易 ...

证券代码：605333 证券简称：沪光股份 公告编号：2025-006 昆山沪光汽车电器股份有限公司 第三届监事会第十一次会议决议公告 经与会监事认真审议，会议审议并通过了如下议案： （一）审议通过了《关于延长公司 2024 年度向特定对象发行股票股东大会决 议有效期的议案》 经审核，监事会认为：公司本次延长 2024 年度向特定对象发行股票股东大会 决议有效期符合相关法律法规及规范性文件等的规定，有利于保证本次向特定对 象发行股票工作的延续性和有效性，有利于保障公司向特定对象发行股票事项的 顺利实施，同意拟将本次发行股东大会决议有效期自原有效期届满之日起延长 12 个月，即延长至 2026 年 3 月 14 日。 具体内容详见公司同日在上海证券交易所网站（www.sse.com.cn）及指定媒体 披露的《关于延长公司 2024 年度向特定对象发行股票股东大会决议有效期及相关 授权有效期的公告》。 表决结果：同意 3 票；反对 0 票；弃权 0 票；回避 0 票。 本公司监事会及全体监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个别及连带责任。 一、监事 ...

证券代码：605333 证券简称：沪光股份 公告编号：2025-005 昆山沪光汽车电器股份有限公司 第三届董事会第十一次会议决议公告 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个别及连带责任。 一、董事会会议召开情况 （一）昆山沪光汽车电器股份有限公司（以下简称"公司"）第三届董事会 第十一次会议通知已于 2025 年 2 月 8 日通过专人送达、电话及邮件等方式通知 了全体董事。 （二）本次会议于 2025 年 2 月 14 日以现场结合通讯表决方式在昆山市张浦 镇沪光路 388 号公司四楼会议室召开。 （三）本次会议由成三荣召集并主持，会议应出席董事 7 人，实际出席董事 7 人。公司监事、高级管理人员列席了本次会议。 （四）本次会议的召集、召开和表决程序符合有关法律、法规和《公司章程》 的规定，会议形成的决议合法有效。 二、董事会会议审议情况 经与会董事认真审议，会议审议并通过了如下议案： （一）审议通过了《关于延长公司 2024 年度向特定对象发行股票股东大会 决议有效期的议案》 鉴于公司 2024 年度向特定对象发行股票 ...

Summary of the Conference Call for Hu Guang Co., Ltd. Company Overview - **Company**: Hu Guang Co., Ltd. - **Industry**: Automotive components, specifically focusing on high and low voltage connectors and wiring harnesses. Key Points 2024 Performance and Drivers - **2024 Performance**: Hu Guang's performance in 2024 exceeded expectations, with revenue nearly doubling, primarily driven by significant order increases from clients like Seris, activating production capacity at the Chongqing plant, which operated at high efficiency throughout the year [2][9][10]. - **Client Contributions**: Traditional clients such as Volkswagen and Mercedes maintained stable business, while newer clients like Seris contributed significantly to growth [2][9]. Growth Projections for 2025 - **2025 Growth Expectation**: The company anticipates overall growth exceeding 20% in 2025, supported by an expanded product line that includes high and low voltage connectors [2][7]. - **Product Development**: Approximately 70-80% of high voltage connectors for the M8 project will utilize in-house solutions, with rapid advancements in high-frequency transmission harnesses [2][7]. Client Acquisition and Market Expansion - **New Clients**: In 2024, Hu Guang added significant clients such as Zeekr and Chery, with Chery's two models expected to enter mass production in Q4 2025 [2][6]. - **International Expansion**: The chairman's visits to major European automakers have resulted in collaborations with Mercedes and BMW, with expectations to secure a second major client, the GLE model, in the first half of 2025 [2][8][13]. Technological Advancements - **High-Frequency Connector Breakthroughs**: The company has made significant progress in high-frequency connectors, enhancing technical capabilities through internal teams and the recruitment of specialized talent [2][6][23]. - **PDU Development**: The company is developing Power Distribution Units (PDU) in response to client needs, with initial samples completed and further development planned [26][28]. Financial Strategy and Capital Utilization - **Fundraising Plans**: Following the approval of a private placement, 30% of the raised funds will be allocated for working capital, while 70% will support the construction of projects related to high voltage connectors and high-frequency connectors [3][19]. - **Production Capacity**: The new factory in Kunshan has commenced operations, focusing on high voltage harnesses and connectors, with production capacity tailored to project demands [16][17]. Market Trends and Competitive Landscape - **Market Dynamics**: The high-frequency connector market is becoming increasingly concentrated, with a few suppliers gaining significant market share, while smaller players are being marginalized [22]. - **Competitors**: Key competitors include domestic firms like Lixun and Dalian, as well as foreign companies such as Rosenberger and TE Connectivity [22]. Long-Term Vision and Goals - **Future Outlook**: The company aims to reach a scale of 30 billion by 2030, focusing on high-quality development and expanding its product offerings to adapt to market changes [29][32]. - **Strategic Goals**: Hu Guang plans to enhance supply chain capabilities and engage in international projects, positioning itself as a leader in the speed-limiting sector [31][32]. Conclusion - **Investment Potential**: The company shows strong potential for long-term growth through its advancements in technology, expansion into international markets, and a clear strategic vision under current leadership [32].

证券代码：605333 证券简称：沪光股份 公告编号：2025-004 四、自同意注册之日起至本次发行结束前，你公司如发生重大事项，应及时 报告上海证券交易所并按有关规定处理。 公司董事会将根据上述批复文件和相关法律法规要求以及公司股东大会的授 权，在规定期限内办理本次向特定对象发行股票相关事宜，并及时履行信息披露 义务。敬请广大投资者注意投资风险。 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个别及连带责任。 昆山沪光汽车电器股份有限公司（以下简称"公司"）近日收到中国证券监督 管理委员会（以下简称"中国证监会"）出具的《关于同意昆山沪光汽车电器股份 有限公司向特定对象发行股票注册的批复》（证监许可[2025]140 号），主要内容如 下： 一、同意你公司向特定对象发行股票的注册申请。 二、你公司本次发行应严格按照报送上海证券交易所的申报文件和发行方案 实施。 三、本批复自同意注册之日起 12 个月内有效。 昆山沪光汽车电器股份有限公司 关于向特定对象发行股票申请获得中国证监会 同意注册批复的公告 特此公告。 昆山沪光汽车电器股份有 ...

证券代码：605333 证券简称：沪光股份 公告编号：2025-003 昆山沪光汽车电器股份有限公司关于 2025 年 1 月 25 日 1 截至本公告披露日，公司实际使用闲置募集资金临时补充流动资金 10,000 万 元，已累计归还 4,000 万元至募集资金专户，尚未归还的金额为 6,000 万元。公司 将于到期日前全额归还临时补充流动资金至募集资金专户，并及时履行相关信息 披露义务。 特此公告。 归还部分临时补充流动资金的闲置募集资金的公告 昆山沪光汽车电器股份有限公司董事会 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个别及连带责任。 昆山沪光汽车电器股份有限公司（以下简称"公司"）于 2024 年 4 月 25 日 召开第三届董事会第五次会议、第三届监事会第五次会议，审议通过了《关于使 用部分闲置募集资金临时补充流动资金的议案》，同意以不超过人民币 1 亿元（含 1 亿元）的闲置募集资金临时补充流动资金，使用期限自董事会批准之日起不超过 12 个月，期满前将及时、足额归还到募集资金专户。具体内容详见公司于 2024 年 4 ...

Investment Rating - The report maintains a "Buy" rating for the company [4] Core Views - The company's core customers are experiencing significant growth, which is driving the company's performance [2] - The overall passenger vehicle market is expected to maintain stable growth in 2024, with substantial increases in the production and sales of new energy vehicles [2] - The company is positioned to benefit from the rise of domestic automotive brands due to its competitive advantages in technology, manufacturing, and service [3] Financial Projections - The company forecasts a net profit attributable to shareholders of approximately 600 million to 710 million yuan for 2024, representing a year-on-year increase of about 1009.12% to 1212.46% [1] - The expected revenue for 2024 is approximately 7.69 billion yuan, with projected year-on-year growth rates of 92.1%, 39.4%, and 24.7% for 2024, 2025, and 2026 respectively [4] - The projected net profit for 2024 is around 620 million yuan, with significant growth rates of 1050.3%, 50.5%, and 28.6% for the following years [4] Customer and Technology Drivers - The company's main customers, including Seres and Li Auto, are expected to increase their production significantly in 2024, contributing to the company's market share and performance [2] - The company is implementing technological innovations such as high-voltage connector integration and aluminum substitution for copper, which are expected to optimize cost structures and enhance profitability [3]

Investment Rating - The report maintains a "Buy" rating for the company, expecting a relative performance increase of over 15% against the benchmark index in the next 6 to 12 months [2][7]. Core Insights - The company is projected to achieve a net profit attributable to shareholders of 6.00-7.10 billion yuan in 2024, representing a year-on-year increase of 1009.12%-1212.46% [4]. - The company has shown consistent revenue growth, with expected revenues of 7.57 billion yuan in 2024, up 89% year-on-year, and further growth anticipated in subsequent years [2][5]. - The company is positioned as a leader in the domestic wiring harness market, benefiting from trends in electrification and intelligence, which are expected to enhance revenue and profit margins [5][6]. Financial Performance Summary - **Revenue Forecast**: - 2022A: 3,278 million yuan - 2023A: 4,003 million yuan - 2024E: 7,573 million yuan - 2025E: 9,686 million yuan - 2026E: 11,632 million yuan - Year-on-year growth rates: 34% (2022A to 2023A), 22% (2023A to 2024E), 89% (2024E to 2025E), 28% (2025E to 2026E) [2][6]. - **Net Profit Forecast**: - 2022A: 41 million yuan - 2023A: 54 million yuan - 2024E: 656 million yuan - 2025E: 907 million yuan - 2026E: 1,162 million yuan - Year-on-year growth rates: 3988% (2022A to 2023A), 32% (2023A to 2024E), 1113% (2024E to 2025E), 38% (2025E to 2026E) [2][6]. - **Earnings Per Share (EPS)**: - 2022A: 0.09 yuan - 2023A: 0.12 yuan - 2024E: 1.50 yuan - 2025E: 2.08 yuan - 2026E: 2.66 yuan [2][6]. Market Position and Strategy - The company is expanding its customer base and improving its market share among existing high-quality clients, which is expected to enhance its revenue and profit growth [5][6]. - The company is also focusing on optimizing its product structure and increasing its presence in the European market, which will help meet overseas customer demands [5][6].

Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook for the next six months [1][7]. Core Insights - The company is expected to achieve a net profit attributable to shareholders of 6-7.1 billion yuan in 2024, representing a year-on-year increase of 1009% to 1212%, which aligns with expectations [7]. - The automotive market is projected to maintain stable growth, with total passenger vehicle sales reaching 27.56 million units in 2024, a year-on-year increase of 5.8% [7]. - The company's gross margin improved to 20.5% in Q3 2024, up 7.8 percentage points year-on-year, driven by rapid revenue growth and effective cost control [7]. Financial Performance Summary - **Revenue Forecast**: - 2023A: 4002.75 million yuan - 2024E: 7839.99 million yuan (growth rate: 95.86%) - 2025E: 10070.22 million yuan (growth rate: 28.45%) - 2026E: 12172.42 million yuan (growth rate: 20.88%) [2][8] - **Net Profit Forecast**: - 2023A: 54.10 million yuan - 2024E: 659.71 million yuan (growth rate: 1119.50%) - 2025E: 867.53 million yuan (growth rate: 31.50%) - 2026E: 1093.28 million yuan (growth rate: 26.02%) [2][8] - **Earnings Per Share (EPS)**: - 2023A: 0.12 yuan - 2024E: 1.51 yuan - 2025E: 1.99 yuan - 2026E: 2.50 yuan [2][8] - **Return on Equity (ROE)**: - 2023A: 3.50% - 2024E: 30.01% - 2025E: 28.29% - 2026E: 26.28% [2][8] Market Position and Growth Drivers - The company is focusing on high-voltage wiring harnesses for electric vehicles, which have a higher unit value compared to traditional fuel vehicles, thus enhancing its market position [7]. - The company has implemented automated production lines for high-voltage wiring harnesses, which are being utilized by major automotive manufacturers [7]. - Continuous technological innovation is being pursued, with new products developed for high-voltage connectors and charging sockets, contributing to the company's growth potential [7].

Investment Rating - The investment rating for the company is not explicitly stated in the provided documents, but the overall sentiment appears positive based on the projected growth and performance metrics. Core Insights - The company is expected to achieve a net profit attributable to shareholders of 600-710 million yuan in 2024, representing a year-on-year increase of 1009%-1212%. The net profit after deducting non-recurring gains and losses is projected to be 584-694 million yuan, reflecting a year-on-year increase of 1362%-1638% [2]. - The company has established itself as a leading supplier in the domestic automotive wiring harness industry, with a strong customer base including major automotive manufacturers such as Volkswagen, Daimler, and Ford [4]. - The company has a robust order backlog, which supports its rapid growth. It has secured new orders in the first half of 2024, including projects for various automotive models [4]. - The company is actively expanding into overseas markets, enhancing its growth potential by establishing a dedicated overseas management and market development team [4]. - Profit forecasts indicate that the company is expected to achieve net profits of 660 million yuan, 870 million yuan, and 1.06 billion yuan for the years 2024, 2025, and 2026, respectively, with corresponding EPS of 1.50, 2.00, and 2.43 yuan [4]. Financial Summary - Total revenue is projected to grow from 4,003 million yuan in 2023 to 7,885 million yuan in 2024, reflecting a year-on-year growth rate of 97.0% [5]. - The net profit attributable to shareholders is expected to increase significantly from 54 million yuan in 2023 to 656 million yuan in 2024, marking a year-on-year growth of 1112.4% [5]. - The gross profit margin is anticipated to improve from 12.9% in 2023 to 17.5% in 2024 [5]. - The company's return on equity (ROE) is projected to reach 30.3% in 2024, indicating strong profitability [5].