证券代码：688007 证券简称：光峰科技 公告编号：2025-027 深圳光峰科技股份有限公司 2024年度股东大会决议公告 本公司董事会及全体董事保证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、准确性和完整性依法承担法律责任。 重要内容提示： 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （一） 股东大会召开的时间：2025 年 5 月 20 日 （二） 股东大会召开的地点：深圳市南山区西丽街道仙洞路 8 号光峰科技 总部大厦 32 楼公司会议室 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股 东及其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 116 | | --- | --- | | 普通股股东人数 | 116 | | 2、出席会议的股东所持有的表决权数量 | 165,145,054 | | 普通股股东所持有表决权数量 | 165,145,054 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比例（%） | 36.2404 | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 36.2404 | ...

北京市中伦（深圳）律师事务所 关于深圳光峰科技股份有限公司 2024 年度股东大会的 法律意见书 二〇二五年五月 法律意见书 北京市中伦（深圳）律师事务所 关于深圳光峰科技股份有限公司 2024 年度股东大会的 法律意见书 致：深圳光峰科技股份有限公司 根据中国证券监督管理委员会发布的《上市公司股东会规则》（以下简称 "《股东会规则》"）的有关规定，北京市中伦（深圳）律师事务所（以下简 称"本所"）接受深圳光峰科技股份有限公司（以下简称"公司"）的委托， 指派律师出席公司 2024 年度股东大会（以下简称"本次股东大会"），并就本 次股东大会的召集和召开程序、召集人资格、出席和列席会议人员资格、表决 程序及表决结果等事宜发表法律意见。 本所律师按照《股东会规则》的要求对公司本次股东大会的合法、合规、 真实、有效进行了充分的核查验证，保证本法律意见书不存在虚假、误导性陈 述及重大遗漏，并对本法律意见书的真实性、准确性、完整性承担相应的法律 责任。 本所律师根据《股东会规则》的要求，依照律师行业公认的业务标准、道 德规范及勤勉尽责精神，对公司提供的相关文件和有关事实进行了核查和验证， 现出具如下法律意见： 一、 ...

Core Viewpoint - The 2025 Global Artificial Intelligence Terminal Exhibition will showcase cutting-edge advancements in the AI terminal industry, featuring over 300 companies from 15 countries, with a focus on innovative technologies and trends [1][7]. Group 1: Event Overview - The exhibition will take place from May 22 to 24, 2025, at the Shenzhen Convention Center, specifically in halls 2 and 4 [1][7]. - The theme of the exhibition is "Connecting Everything, Opening the Future" [1]. Group 2: Company Highlight - Guangfeng Technology (688007.SH) will present its innovative humanoid robot equipped with bionic projection technology, which offers a new perspective on the integration of AI and projection technology [1][5]. - The humanoid robot features a "digital face" that can accurately simulate human micro-expressions, marking a significant advancement from traditional faceless designs [2][5]. Group 3: Technological Foundation - Guangfeng Technology has over a decade of technological accumulation, with nearly 3,000 global patents, establishing a comprehensive intellectual property matrix that supports its competitive edge in the laser field [5]. - The company has been investing in cutting-edge fields such as ultra-compact optical machines and AR optics, enhancing its capabilities in the laser industry [5][7]. Group 4: Exhibition Highlights - The exhibition will feature over a thousand AI terminal products, with Guangfeng Technology's humanoid robot being a major highlight [7]. - The company's continuous investment in technology positions it favorably for future upgrades in the robotics industry, potentially leading industry trends [7].

丨证券研究报告丨 公司研究丨点评报告丨光峰科技（688007.SH） [Table_Title] 营收稳健增长，车载业务进入快速放量阶段 报告要点 [Table_Summary] 2024 年公司实现营业收入 24.19 亿元，同比增长 9.27%，实现归母净利润 2795 万元，同比下 滑 72.91%，实现扣非归母净利润 3213 万元，同比下滑 22.88%；其中，2024Q4 公司实现营 业收入 6.99 亿元，同比增长 24.21%，实现归母净利润-1499 万元，同比减亏 1038 万元，实 现扣非归母净利润-747 万元，同比减亏 2736 万元。此外，2025Q1 公司实现营业收入 4.61 亿 元，同比增长 3.67%，实现归母净利润-2136 万元，同比下滑 147.95%，实现扣非归母净利润 -2397 万元，同比转亏。 分析师及联系人 [Table_Author] 陈亮 SAC：S0490517070017 SFC：BUW408 请阅读最后评级说明和重要声明 %% %% %% %% research.95579.com 1 光峰科技（688007.SH） cjzqdt11111 [Ta ...

丨证券研究报告丨 公司研究丨点评报告丨光峰科技（688007.SH） [Table_Title] 营收稳健增长，车载业务进入快速放量阶段 报告要点 [Table_Summary] 2024 年公司实现营业收入 24.19 亿元，同比增长 9.27%，实现归母净利润 2795 万元，同比下 滑 72.91%，实现扣非归母净利润 3213 万元，同比下滑 22.88%；其中，2024Q4 公司实现营 业收入 6.99 亿元，同比增长 24.21%，实现归母净利润-1499 万元，同比减亏 1038 万元，实 现扣非归母净利润-747 万元，同比减亏 2736 万元。此外，2025Q1 公司实现营业收入 4.61 亿 元，同比增长 3.67%，实现归母净利润-2136 万元，同比下滑 147.95%，实现扣非归母净利润 -2397 万元，同比转亏。 分析师及联系人 [Table_Author] 陈亮 SAC：S0490517070017 SFC：BUW408 请阅读最后评级说明和重要声明 %% %% %% %% research.95579.com 1 光峰科技（688007.SH） cjzqdt11111 [Ta ...

Core Viewpoint - The company, Guangfeng Technology, is experiencing a phenomenon of "increased revenue but decreased profit," with significant declines in net profit and cash flow due to increased operational costs and market competition in the automotive projection sector [2][3][6]. Financial Performance - In 2024, Guangfeng Technology reported an operating revenue of 2.419 billion yuan, a year-on-year increase of 9.27%, while net profit attributable to shareholders fell by 72.91% to 27.9531 million yuan [2]. - For Q1 2025, the company continued to show "increased revenue but decreased profit," with revenue of 461 million yuan, up 3.67%, but a net loss of 21.3596 million yuan, a decline of 147.95% year-on-year [2]. - The operating cost for 2024 was 1.734 billion yuan, an increase of 20.81%, leading to an overall gross margin of 28.31%, down 6.85 percentage points from the previous year [3]. Product Segmentation - The core components and complete machine business generated revenue of 2.24 billion yuan in 2024, up 11.48%, while other products and services saw a revenue decline of 12.46% to 179 million yuan [2][3]. - The automotive optical business accounted for 25% of total revenue, with 638 million yuan generated in 2024 [3]. Cash Flow and Receivables - The net cash flow from operating activities dropped by 76.04% to 87.2206 million yuan in 2024, primarily due to increased working capital needs for the automotive business [6][11]. - Accounts receivable rose to 310 million yuan, a 72.05% increase from the end of 2023, representing 7.29% of total assets [6][10]. Inventory and Liabilities - Inventory decreased to 596 million yuan, down 9.27% from the end of 2023, with inventory accounting for 13.99% of total assets [4]. - Accounts payable increased by 42.23% to 352 million yuan compared to the previous year [10]. Market Dynamics - The automotive projection market is becoming increasingly competitive, with more companies entering the sector as automotive intelligence develops [12][15]. - The overall smart projection market in China saw a revenue decline of 3.5% in 2024, despite a 3% increase in unit sales [13]. - The company has secured 13 automotive project contracts, indicating a strategic shift towards automotive applications [5][9].

文/ 志霖律师事务所曾迪、李懿璇、赵阳 近年来，随着科创板定位的进一步明确和监管政策的持续完善，知识产权已成为企业IPO审核的核心关注点 之一。2024年6月，证监会发布《关于深化科创板改革 服务科技创新和新质生产力发展的八条措施》，该 规定对拟申请科创板上市企业的"硬科技"定位和科技创新能力提出了更为明确的要求。 在此背景下，冲刺科创板IPO的企业不仅将面临关于知识产权的"内忧"（例如知识产权权属的稳定性及确定 性、技术来源、使用权限、知识产权管理制度等），还需应对来自外部竞争的"外患"（例如知识产权被第 三方申请无效宣告、涉及诉讼风险等）。如何应对知识产权风险、突出企业研发实力并构建完善的研发管 理布局，使得企业既满足证券监管部门的合规要求，又具有持续创新的能力，成为企业科创板IPO成功的关 键因素之一。本文将从规定解读、审核关注重点问题和实务建议三个维度探讨企业在科创板IPO过程中如何 化解知识产权的"内忧外患"，从而助力企业顺利跨越上市门槛，实现高质量发展。 一、 关于科创板IPO知识产权的相关规定 根据我们对相关规定的整理，科创板IPO知识产权的相关规定包括（相关规定的详细内容具体可见附件）： 根据 ...

Core Viewpoint - The company reported stable revenue from its main business, but losses from affiliated companies and legal fees negatively impacted overall performance [1][4]. Financial Performance - In 2024, the company achieved revenue of 2.419 billion yuan, a year-on-year increase of 9%, but net profit attributable to shareholders dropped by 73% to 28 million yuan [1]. - The fourth quarter of 2024 saw revenue of 699 million yuan, a 24% year-on-year growth, but a net loss of 15 million yuan [1]. - For Q1 2025, revenue was 461 million yuan, a 4% year-on-year increase, with a net loss of 21 million yuan [1]. Business Segments - The automotive optical business generated revenue of 638 million yuan in 2024, with a 64% increase in H1 2025 [2]. - The cinema business contributed nearly 570 million yuan in revenue in 2024, providing stable cash flow [2]. - The professional display segment achieved revenue of 392 million yuan in 2024, with overseas revenue nearing 140 million yuan, a 60.47% increase [2]. Research and Development - The company maintained a high R&D expense ratio of 13.66% in Q1 2025, focusing on core components and cutting-edge technology [3]. - A new ultra-compact full-color AR optical machine solution was announced, measuring only 0.8cc [3]. Shareholder Confidence - The company has implemented four share repurchase programs since 2024, totaling 139 million yuan, reflecting confidence in its operational performance and future prospects [3]. Investment Rating - The company maintains a "Buy" investment rating, with stable operations in cinema and professional display businesses, and anticipates profit contributions from the automotive sector as production matures [4]. - Profit forecasts for 2025-2026 have been slightly adjusted, with expected net profits of 199 million and 259 million yuan, respectively [4].

2025 年 05 月 09 日 光峰科技 (688007) ——2024 年年报及 2025 年一季报点评：公司加速落地 战略转型，车载业务持续突破 报告原因：有业绩公布需要点评 投资要点： 财务数据及盈利预测 | | 2024 | 2025Q1 | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业总收入（百万元） | 2,419 | 461 | 2,748 | 3,114 | 3,439 | | 同比增长率（%） | 9.3 | 3.7 | 13.6 | 13.3 | 10.4 | | 归母净利润（百万元） | 28 | -21 | 199 | 259 | 284 | | 同比增长率（%） | -72.9 | -148.0 | 613.2 | 29.7 | 9.6 | | 每股收益（元/股） | 0.06 | -0.05 | 0.43 | 0.56 | 0.62 | | 毛利率（%） | 28.3 | 25.2 | 29.9 | 29.9 | 30.2 | | ROE（%） | 1.0 | -0.8 | 6.8 | 8.3 ...