哈尔滨新光光电科技股份有限公司 投资者关系管理工作制度 第一条 为了规范哈尔滨新光光电科技股份有限公司（以下简称 "公司"）投资者关系管理工作，加强公司与投资者和潜在投资者（以 下统称"投资者"）之间的有效沟通，加深投资者对公司的了解和认 同，促进公司诚信自律、规范运作，提升公司的投资价值，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》"）、《上市公司投资者关系 管理工作指引》等规范性文件、《上海证券交易所科创板股票上市规 则》《上海证券交易所科创板上市公司自律监管指引第1号——规范 运作》及《哈尔滨新光光电科技股份有限公司章程》（以下简称"《公 司章程》"）等有关规定，制定本制度。 第二条 本制度所称投资者关系管理，是指公司通过便利股东权 利行使、信息披露、互动交流和诉求处理等工作，加强与投资者之间 的沟通，增进投资者对公司的了解和认同，提升公司治理水平，以实 现公司整体利益最大化和保护投资者合法权益的重要工作，包括科创 公司在上海证券交易所"上证 e 互动"网络平台（以下简称"上证 e 互动平台"）发布各类信息的行为。 第三条 投资者关系管理工作 ...

证券代码：688011 证券简称：新光光电 公告编号：2025-034 哈尔滨新光光电科技股份有限公司 关于续聘 2025 年度审计机构的公告 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、准确性和完整性依法承担法律责任。 ● 拟续聘的会计师事务所名称：信永中和会计师事务所（特殊普通合伙） （以下简称"信永中和"） 一、拟聘任会计师事务所的基本情况 （一）机构信息 1.基本信息 名称：信永中和会计师事务所（特殊普通合伙） 成立日期：2012 年 3 月 2 日 组织形式：特殊普通合伙企业 重要内容提示： 注册地址：北京市东城区朝阳门北大街 8 号富华大厦 A 座 8 层 首席合伙人：谭小青先生 截止 2024 年 12 月 31 日，信永中和合伙人（股东）259 人，注册会计师 1780 人。签署过证券服务业务审计报告的注册会计师人数超过 700 人。 信永中和 2024 年度业务收入为 40.54 亿元（含统一经营），其中，审计业 务收入为 25.87 亿元，证券业务收入为 9.76 亿元。2024 年度，信永中和上市公 司年报审计项目 383 家，收 ...

证券代码：688011 证券简称：新光光电 公告编号：2025-035 哈尔滨新光光电科技股份有限公司 关于取消监事会、修订《公司章程》并修订及制定 部分公司治理制度的公告 进行修订。具体修订内容如下： | 第一章 总则 | 第一章 总则 | | --- | --- | | 第一条 为维护公司、股东和债权人的 | 第一条 为维护公司、股东、职工和债权人的合 | | 合法权益，规范公司的组织和行为，根 | 法权益，规范公司的组织和行为，根据《中华 | | 据《中华人民共和国公司法》（以下简 | 人民共和国公司法》（以下简称《公司法》）、 | | 称"《公司法》"）、《中华人民共和 | 《中华人民共和国证券法》（以下简称《证券 | | 国证券法》（以下简称"《证券法》"） | 法》）和其他有关规定，制定本章程。 | | 和其他有关规定，制订本章程。 | | | 第二条 哈尔滨新光光电科技股份有 | 第二条 公司系依照《中华人民共和国公司法》 | | 限公司（以下简称"公司"或"本公司"） | 和其他有关规定成立的股份有限公司（以下简 | | 系依照国家有关规定成立的股份有限 | 称公司）。 | | 公司。 | 公 ...

证券代码：688011 证券简称：新光光电 公告编号：2025-036 哈尔滨新光光电科技股份有限公司 关于召开2025年第二次临时股东大会的通知 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： （一） 股东大会类型和届次 2025年第二次临时股东大会 （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 召开日期时间：2025 年 11 月 14 日 14 点 00 分 召开地点：哈尔滨市松北区创新路 1294 号 25 楼会议室 （五） 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 11 月 14 日 一、 召开会议的基本情况 | 2.07 | 《关于修订<规范与关联方资金往来管理制 | √ | | --- | --- | --- | | | 度>的议案》 | | | 2.08 | 《关于修订<投资者关系管理工作制度>的议 | √ ...

证券代码：688011 证券简称：新光光电 公告编号：2025-033 哈尔滨新光光电科技股份有限公司 关于第三届监事会第四次会议决议的公告 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、准确性和完整性依法承担法律责任。 一、会议召开情况 公司第三届监事会第四次会议通知于2025年10月19日以专人送出的方式发 出，会议于2025年 10月29日 在哈 尔 滨市 松 北区 创 新路 1294号 公司 25楼 会 议室 以 现场 表 决方 式 召开 。 会议应到监事3名，实到监事3名，会议由监 事会主席李雪莲女士主持，会议的召开符合《公司法》及《公司章程》的有关规 定。 二、会议审议情况 具体内容详见公司同日刊载于上海证券交易所网站 （http://www.sse.com.cn）的《哈尔滨新光光电科技股份有限公司关于续聘2025 年度审计机构的公告》。（公告编号：2025-034） 1.审议通过《关于〈公司2025年第三季度报告〉的议案》 监事会同意《关于<公司 2025 年第三季度报告>的议案》。监事会认为《公 司 2025 年第三季度报告》的编制和审核 ...

Financial Performance - The company's operating revenue for the third quarter was ¥19,489,229.77, representing a year-on-year increase of 22.95%[4] - The total profit for the period was -¥2,526,039.46, with a net profit attributable to shareholders of -¥2,511,956.12[4] - The net profit attributable to shareholders for the year-to-date period was -¥23,299,213.12, showing a significant reduction in losses compared to the previous year[4] - The basic earnings per share for the third quarter was -¥0.025, with a year-to-date figure of -¥0.233[5] - Total operating revenue for the first three quarters of 2025 was CNY 40,770,059.23, a decrease of 39.5% compared to CNY 67,463,020.14 in the same period of 2024[17] - Net profit for the first three quarters of 2025 was a loss of CNY 23,424,608.46, an improvement from a loss of CNY 34,796,194.85 in the same period of 2024[19] - Basic and diluted earnings per share for the first three quarters of 2025 were both CNY -0.233, compared to CNY -0.341 in the same period of 2024[19] Research and Development - Research and development expenses amounted to ¥3,983,033.44, a decrease of 29.87% compared to the same period last year, accounting for 20.44% of operating revenue[5] - The company reported a significant reduction in research and development expenses, which were CNY 16,614,597.96 in 2025 compared to CNY 22,316,739.49 in 2024, a decrease of 25.5%[17] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,232,225,578.06, reflecting a decrease of 2.93% from the end of the previous year[5] - The company's total current assets as of September 30, 2025, amount to ¥958,911,996.32, a decrease from ¥982,979,287.07 as of December 31, 2024[15] - Total assets amount to ¥1,232,225,578.06, down from ¥1,269,479,776.85[15] - Total non-current assets are reported at ¥273,313,581.74, a decrease from ¥286,500,489.78[15] - Total liabilities decreased to CNY 162,879,862.90 in 2025 from CNY 177,905,641.02 in 2024, reflecting a reduction of 8.5%[16] - Total equity attributable to shareholders decreased to CNY 1,070,063,856.34 in 2025 from CNY 1,092,166,881.67 in 2024, a decline of 2.0%[16] Cash Flow - The company reported a cash flow from operating activities of -¥49,200,082.71 for the year-to-date period[5] - Cash inflow from operating activities for the first three quarters of 2025 was CNY 110,204,100.28, a decrease from CNY 119,705,196.60 in the previous year[20] - The net cash flow from operating activities was -$49.2 million, an improvement from -$57.5 million in the previous period[21] - The company reported a total cash outflow from operating activities of $159.4 million, compared to $177.2 million previously[21] Shareholder Information - Total number of common shareholders at the end of the reporting period is 6,819[12] - The largest shareholder, Kang Weimin, holds 44,654,000 shares, representing 44.65% of the total shares[12] Other Financial Metrics - Non-recurring gains and losses for the period totaled ¥3,941,325.82, with government subsidies contributing ¥2,445,346.75[7] - The weighted average return on equity improved to -0.24%, an increase of 1.22 percentage points compared to the previous year[5] - Other income increased to CNY 9,636,292.69 in the first three quarters of 2025, compared to CNY 6,158,448.00 in the same period of 2024, representing a growth of 56.0%[17] Cash Management - Cash and cash equivalents are reported at ¥19,621,627.78, down from ¥119,957,849.54 in the previous period[14] - Accounts receivable decreased to ¥138,903,295.65 from ¥162,433,690.25[14] - Inventory increased to ¥124,622,257.63 from ¥82,044,048.83[14] - The ending cash and cash equivalents balance was $14.02 million, down from $16.12 million last year[21] Investment Activities - Total cash inflow from investing activities was $2.67 billion, significantly higher than $1.17 billion last year[21] - The net cash flow from investing activities was -$55.3 million, compared to -$353.2 million in the previous period, indicating a positive trend[21] - Cash outflow from investing activities totaled $2.73 billion, up from $1.52 billion last year[21] - The cash inflow from investment recovery was $2.66 billion, a significant increase from $1.16 billion last year[21] Accounting Standards - The company will not apply new accounting standards starting from 2025[22]

Investment Rating - The report maintains a "Positive" outlook for the defense and military industry [6] Core Insights - The 20th Central Committee's Fourth Plenary Session emphasizes the importance of military equipment construction, indicating that the military equipment development is expected to accelerate with the implementation of the 14th Five-Year Plan [9][12] - The successful testing of the Zhuque-3 rocket marks a significant advancement in reusable rocket technology, which is anticipated to lower launch costs and accelerate satellite networking [14][17] - The military sector's stock prices have stabilized recently, with a focus on both domestic and international demand, highlighting the investment value in the military industry [18] Summary by Sections Investment Suggestions and Targets - The report suggests focusing on military electronics, new domains, and the aerospace propulsion chain, with specific stock recommendations including: - Military Electronics: Aerospace Electric (002025, Buy), Zhonghang Optical (002179, Buy), and others [18] - New Domains: Haige Communication (002465, Buy) and others [18] - Aerospace Propulsion Chain: Xibei Superconductor (688122, Buy) and others [18] - Military Trade/Main Equipment: Zhonghang Shenfei (600760, Unrated) and others [18] Industry Performance - The defense and military industry index increased by 2.81%, underperforming compared to the Shanghai Composite Index [21][22] - The report notes that the military industry has shown resilience, with a focus on key components and materials as demand rises [18][21] Recent Developments - The report highlights significant recent events in the military sector, including successful military exercises and advancements in military technology [30][31]

Core Viewpoint - The unexpected drop in the stock price of New Light Optoelectronics (688011.SH) followed the announcement of the lifting of the detention measures against its chairman, Kang Weimin, despite the company's operational stability and ongoing investigations [1]. Group 1: Company Background - New Light Optoelectronics was established in November 2007 and went public on the Shanghai Stock Exchange's Sci-Tech Innovation Board on July 22, 2019, focusing on smart optoelectronic products [3]. - As of June 30, 2025, Kang Weimin directly holds 44.65% of the company's shares, making him the controlling shareholder and actual controller [2]. Group 2: Financial Performance - Since its listing, the company has not achieved significant breakthroughs in its operating performance, with revenue fluctuating between 100 million and 200 million yuan [4]. - In 2018, the company reported revenue of 208 million yuan and a net profit of 72.68 million yuan. However, from 2019 to 2024, the revenues were 192 million, 124 million, 144 million, 150 million, 162 million, and 172 million yuan, while net profits showed a declining trend, with losses recorded from 2022 to 2024 [5]. - For the first half of 2025, the company reported revenue of 21.28 million yuan, a year-on-year decrease of 58.77%, and a net loss of 20.79 million yuan, marking an increase in losses for three and a half consecutive years [5]. - The company's asset scale has remained stable at around 1.3 billion yuan, but it decreased to 1.269 billion yuan at the end of 2024 and 1.228 billion yuan by June 30, 2025 [5]. - Despite operational pressures, the company maintains financial safety, with an asset-liability ratio of 12.77% and zero interest-bearing debt, alongside cash and financial products totaling 441 million yuan [5].

Core Viewpoint - The chairman of New Light Optoelectronics, Kang Weimin, has had his detention lifted, but the company has reported continuous losses in its net profit for five consecutive years [1][3]. Group 1: Company Leadership and Governance - Kang Weimin, the controlling shareholder and chairman of New Light Optoelectronics, was detained by the Songxian Supervisory Committee in late September but has since resumed his duties [1][3]. - Kang Weimin holds a direct stake of 44.654% in the company and, along with his sister, controls over 50% of the shares, making them the actual controllers of New Light Optoelectronics [5]. Group 2: Financial Performance - New Light Optoelectronics has struggled with revenue, consistently reporting below 200 million yuan, with revenues of 124 million yuan, 144 million yuan, 149 million yuan, 162 million yuan, and 172 million yuan from 2020 to 2024 [6]. - The company has reported a cumulative net loss of over 200 million yuan over the past five years, with non-recurring net profits of -1.986 million yuan, -19.05 million yuan, -40.37 million yuan, -63.28 million yuan, and -82.37 million yuan [6]. - In the first half of 2025, the company reported revenues of only 21.28 million yuan, a year-on-year decrease of 58.77%, with a net loss of 20.79 million yuan and a non-recurring net loss of 29.78 million yuan [6]. Group 3: Operational Challenges - The decline in revenue is attributed to a decrease in income from optical target and scene simulation systems, with ongoing projects still in production and testing phases, leading to extended project acceptance periods [6]. - As of mid-2025, the company reported accounts receivable of 213 million yuan, with a provision for bad debts of 76.22 million yuan, representing a provision ratio of 35.86% [7]. - New Light Optoelectronics has faced delays in its fundraising projects, with only 47.42% of the total raised funds of 410 million yuan utilized as of mid-2025, leading to scrutiny from the Shanghai Stock Exchange regarding the slow progress of these projects [8].

Core Viewpoint - The article summarizes significant announcements from various listed companies in the Shanghai and Shenzhen stock markets, highlighting potential investment opportunities and risks based on recent developments and financial performance. Group 1: Company Announcements - Tianpu Co., Ltd. warns that its stock price has significantly deviated from its fundamentals, with a cumulative increase of 246.02% from August 22 to October 22, indicating a potential for rapid decline [4] - Shenzhen Sanda A plans to sell stakes in several subsidiaries to focus on its core business, including 80% of Zhongdian Continental Environmental Technology [5][6] - Zhongchong Co., Ltd. received an administrative regulatory measure from the Shandong Securities Regulatory Bureau for failing to announce a significant change in shareholding [7] - Construction Machinery has reported a net loss of 447 million yuan for the first half of 2025, marking three consecutive years of losses [8] - Junshi Biosciences announced that its subsidiary passed a recent FDA inspection, indicating compliance with CGMP standards [9] Group 2: Financial Performance - Duofuduo reported a net profit increase of 407.74% year-on-year for the first three quarters of 2025, with a revenue of 6.73 billion yuan [17] - Weihuaxincai achieved a net profit growth of 250.04% year-on-year in Q3, with revenues of 660 million yuan [18] - Guangdong Jianke reported a net profit increase of 190.62% year-on-year for the first three quarters, despite a revenue decline [19] - Xianggang Technology reported a net profit increase of 186.19% year-on-year for the first three quarters, with revenues of 742 million yuan [20] - Defu Technology reported a net profit increase of 132.63% year-on-year for the first three quarters, driven by increased copper foil sales [21] Group 3: Major Transactions and Investments - Tangrenshen plans to establish two investment funds with a total investment of 11.04 million yuan to focus on the agricultural sector [13] - Farsen intends to sell a 10% stake in Bekaert Steel Cord, constituting a major asset restructuring [14] - Shikong Technology plans to acquire 100% of Jiahe Jingwei, entering the storage sector [15] - Jiangsu New Energy's controlling shareholder is investing in offshore wind power projects and will manage the project companies [11][12] Group 4: Shareholder Actions - Qianyuan Pharmaceutical's shareholder plans to reduce its stake by up to 3% [42] - Zhengfan Technology's board members plan to collectively reduce their holdings by up to 1.88% [43]