公司摊薄每股收益为0.05元，较去年同报告期摊薄每股收益增加0.29元。 公司营业总收入为2.14亿元，较去年同报告期营业总收入增加8670.40万元，同比较去年同期上涨 68.08%。归母净利润为897.45万元，较去年同报告期归母净利润增加5145.49万元。经营活动现金净流 入为-2805.95万元。 公司最新资产负债率为9.88%，较上季度资产负债率减少0.05个百分点。 公司最新毛利率为33.26%，较上季度毛利率增加4.54个百分点，实现2个季度连续上涨，较去年同期毛 利率增加7.05个百分点。最新ROE为0.30%，较去年同期ROE增加1.70个百分点。 2025年8月23日，长光华芯(688048.SH)发布2025年中报。 公司最新总资产周转率为0.06次，较去年同期总资产周转率增加0.03次，同比较去年同期上涨71.81%。 最新存货周转率为0.77次，较去年同期存货周转率增加0.29次，实现2年连续上涨，同比较去年同期上涨 61.04%。 公司股东户数为1.45万户，前十大股东持股数量为1.03亿股，占总股本比例为58.55%，前十大股东持股 情况如下： | 序号 | 股东名称 | 持股 ...

Investment Rating - The industry is rated positively, with expectations of overall returns exceeding the CSI 300 index by more than 5% in the next six months [45]. Core Insights - China's defense budget has maintained a growth rate of around 7%, with defense spending accounting for less than 1.5% of GDP, which is below the average level of major military powers. There is significant room for growth in defense spending, which is expected to outpace GDP growth in the long term. The year 2025 is anticipated to mark a turning point for the industry, moving away from a period of stagnation towards a comprehensive recovery. As orders normalize and are gradually released, the military industry sector may enter a phase of performance improvement and valuation enhancement, referred to as the "Davis Double-Trigger" phase. It is recommended to focus on high-quality leading companies in advanced fighter jets, low-altitude economy, domestic large aircraft, satellite internet, and deep-sea technology sectors, which have favorable competitive landscapes and high technological barriers [4][9]. Summary by Sections Industry Insights - The defense budget growth rate in China is around 7%, with spending as a percentage of GDP below 1.5%, indicating potential for significant growth. The military sector is expected to recover in 2025, with a return to normal order levels leading to improved performance and valuations [4][9]. Market Performance - In the past week, the CSI 300 index increased by 4.90%, while the aerospace and defense index rose by 4.19%. For the month, the CSI 300 index saw a 7.16% increase, and the aerospace and defense index increased by 8.25% [10]. Industry News - The preparations for the 80th anniversary of the victory in the War of Resistance against Japan are progressing smoothly, showcasing new military equipment, including advanced fourth-generation equipment and various unmanned systems, highlighting the military's capabilities in modern warfare [14][15]. Company Tracking - Several companies reported their semi-annual results, with varying performance metrics. For instance, *ST Lihang reported a revenue of 54.34 million yuan, down 49.72% year-on-year, while Hongyuan Electronics achieved a revenue of 1.018 billion yuan, up 22.27% year-on-year [21][22][43].

Group 1 - The core point of the article highlights a significant block trade of Changguang Huaxin on August 22, with a transaction volume of 90,000 shares and a transaction amount of 6.9984 million yuan, executed at a price of 77.76 yuan, which is a 2.00% discount compared to the closing price of the day [2] - Over the past three months, Changguang Huaxin has recorded a total of 9 block trades, amounting to a cumulative transaction value of 107 million yuan [2] - On the same day, the closing price of Changguang Huaxin was 79.35 yuan, reflecting a 6.45% increase, with a turnover rate of 9.91% and a total transaction amount of 819 million yuan, indicating a net inflow of 29.31 million yuan in main funds [2] Group 2 - The stock has seen a cumulative increase of 10.70% over the past five days, although there has been a net outflow of funds totaling 74.65 million yuan during the same period [2] - The latest margin financing balance for Changguang Huaxin stands at 416 million yuan, which has decreased by 42.77 million yuan, representing a decline of 9.31% over the last five days [2]

Group 1: Company Announcements - Changjiang Electric Power's controlling shareholder, China Three Gorges Group, plans to increase its stake in the company by 4 billion to 8 billion yuan within the next 12 months through secondary market transactions [1] - Huakin Technology is planning to issue H-shares and list on the Hong Kong Stock Exchange to enhance its international strategy and overseas business development [2] - Tailin Microelectronics is planning to acquire all or part of the equity of Shanghai Panqi Microelectronics through a combination of share issuance and cash payment, with trading suspended for up to 10 trading days [3] - Jingwang Electronics intends to invest 5 billion yuan in expanding its Zhuhai Jinwan base to enhance its competitiveness in high-end products related to AI and other technologies [5] - Jiangsu Guotai plans to use up to 12 billion yuan of idle funds for entrusted wealth management in low-risk financial products [6] Group 2: Financial Performance - Ping An Bank reported a 3.9% year-on-year decline in net profit for the first half of 2025, with a proposed cash dividend of 2.36 yuan per 10 shares [1][9] - Several companies reported significant increases in net profit, including Zhezhang Securities with a 46.49% increase and Keg Precision Machinery with a 144% increase [7] - True Love Home reported a net profit of 197 million yuan, a year-on-year increase of 484.48% [8] - Companies like Kunlun Wanwei and Vanke A reported substantial losses, with net losses of 856 million yuan and 11.947 billion yuan respectively [9]

华泰联合证券有限责任公司 关于苏州长光华芯光电技术股份有限公司 新增日常关联交易预计的核查意见 华泰联合证券有限责任公司（以下简称"华泰联合"、"保荐机构"）作为苏州长光华 芯光电技术股份有限公司（以下简称"长光华芯"、"公司"）首次公开发行股票并在科创 板上市项目的保荐机构，根据《证券发行上市保荐业务管理办法》《上海证券交易所科 创板股票上市规则》《科创板上市公司持续监管办法（试行）》等有关规定，对长光华芯 新增日常关联交易预计事项进行了核查，具体情况如下： 一、日常关联交易基本情况 公司于 2025 年 8 月 21 日召开第二届董事会第十六次会议，审议通过了《关于新增 日常关联交易预计的议案》。关联董事闵大勇、王俊先生回避表决，出席会议的非关联 董事一致同意该议案，审议程序符合相关法律法规的规定。 （二）本次日常关联交易预计金额和类别 单位：万元 | | | | | 2025 | 年 1 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 年预计 | 占同类业 | 月 1 | 日至 | 2024 年 | | 本次预计 ...

Summary of Key Points Core Viewpoint The report outlines the fundraising activities and the management of funds by Suzhou Changguang Huaxin Optoelectronic Technology Co., Ltd., detailing the total amount raised, the actual funds available after expenses, and the allocation of these funds for various projects and investments. Fundraising Overview - The company raised a total of RMB 2,739,120,000 through the issuance of 33,900,000 shares at RMB 80.80 per share, with a net amount of RMB 2,543,184,230 after deducting underwriting fees [1][2] - The funds were verified by Tianheng Accounting Firm, ensuring the accuracy of the reported amounts [2] Fund Usage and Current Balance - The total amount used from the raised funds includes RMB 844,000 for project investments and RMB 165,000,000 for working capital, with a total expenditure of RMB 982,400,759.88 [3] - The company has a remaining balance of RMB 1,016,000.39 in its fundraising accounts as of June 30, 2025 [5][11] Fund Management Practices - The company implements a dedicated account storage system for the raised funds, ensuring compliance with regulatory requirements and protecting investor interests [4][12] - A tripartite supervision agreement is in place with the underwriter and the bank to manage the funds effectively [4] Investment in Financial Products - The company has invested RMB 608,000,000 in financial products, generating a total income of RMB 22,346,334.24 from these investments [3][10] - As of June 30, 2025, there are still RMB 195,000,000 in financial products that have not matured [10] Use of Excess Funds - The company has utilized excess funds to permanently supplement working capital, with approvals from the board and independent directors [10][12] - No excess funds have been used for high-risk investments or to repay bank loans during the reporting period [10][12] Project Completion and Fund Allocation - The company has completed several projects, allowing for the reallocation of surplus funds to enhance operational efficiency [11][12] - The remaining surplus funds will be used for daily operational activities after the cancellation of the fundraising accounts [11][12]

苏州长光华芯光电技术股份有限公司 关于 2025 半年度计提资产减值准备的公告 证券代码：688048 证券简称：长光华芯 公告编号：2025-045 依据《企业会计准则》及公司会计政策的相关规定，为真实、公允地反映公 司 2025 年半年度的财务状况及经营情况，公司对合并范围内的相关资产进行了 全面清查，基于谨慎性原则，对存在减值迹象的资产计提了减值准备。具体情况 如下表所示： 单位：人民币 万元 | 项目 | 计提金额 | 备注 | | --- | --- | --- | | 信用减值损失 | 433.98 | 含应收账款、应收票据、其他应收款等的减值 | | 资产减值损失 | 1,581.71 | 存货跌价准备 | 合计 2,015.69 二. 计提资产减值准备事项的具体说明 公司考虑了合理且有依据的信息，包括前瞻性信息，以单项或组合的方式对 应收账款、应收票据、其他应收款等的预期信用损失进行测试及估计。经测试， 公司 2025 年半年度计提信用减值损失 433.98 万元。 资产负债表日，存货采用成本与可变现净值孰低计量，按照存货成本高于可 变现净值的差额计提存货跌价准备。经测试，公司 2025 年半 ...

Core Viewpoint - The company has made significant progress in implementing its "Quality Improvement and Efficiency Enhancement" action plan, focusing on cost reduction, technological innovation, and strengthening its core business to enhance overall profitability and shareholder returns [1][2][5]. Group 1: Cost Reduction and Efficiency Improvement - In the first half of 2025, the company achieved a net profit of 8.9745 million yuan by implementing cost reduction strategies, controlling financial expenditures, and enhancing internal management [1]. - The company has focused on improving management quality by reducing stagnant inventory and minimizing resource waste [1]. Group 2: Technological Innovation - The company is committed to the research, manufacturing, and sales of advanced semiconductor laser chips, increasing investment in cutting-edge technology to address critical technical challenges and become a leader in domestic laser chip production [2]. - Significant advancements were made in high-power products, with revenue growth and successful mass shipments in optical communication and other sectors [2][3]. Group 3: Strengthening Core Business and Market Expansion - The company has made breakthroughs in the design and technology of high-power semiconductor laser chips, achieving industry-leading performance metrics, such as a continuous power output exceeding 100W for certain products [2][3]. - The company has developed various high-performance laser products for applications in consumer electronics, optical communication, and automotive laser radar, enhancing its market position [3][4]. Group 4: Industry Chain Optimization and Resource Integration - The company is enhancing its industry chain layout through its wholly-owned subsidiary, focusing on equity investment and technology collaboration to expand product boundaries and strengthen synergies [4]. - Investments have been made in several promising companies to foster growth and innovation within the laser chip sector [4]. Group 5: Talent Development and Team Building - The company is actively recruiting and training talent to build a robust innovation team, optimizing its talent structure and performance evaluation mechanisms to enhance productivity [5]. Group 6: Investor Returns and Communication - The company emphasizes the importance of investor returns, planning to prioritize cash dividends when conditions are favorable, thereby enhancing market confidence [5]. - The company is committed to transparent information disclosure and improving investor relations through regular communication and performance briefings [6][7].

证券代码：688048 证券简称：长光华芯 公告编号：2025-042 苏州长光华芯光电技术股份有限公司 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。 重要内容提示： ? 是否需要提交股东会审议：否 ? 日常关联交易对上市公司的影响：本次新增日常关联交易预计是公司结 合市场环境的变化以及日常经营和业务开展的需要，以市场价格为定价依据，遵 循平等自愿原则，交易风险可控，不会因该关联交易对关联方形成依赖，不会对 公司的独立性产生影响，不存在损害公司及股东利益的情况。 一、日常关联交易基本情况 （一）日常关联交易履行的审议程序 苏州长光华芯光电技术股份有限公司（以下简称"公司"）于 2025 年 8 月 关联交易预计的议案》，经全体委员一致同意后提交该议案至董事会审议。 苏州高新区漓江路 56 号 1 幢 2 楼 一般项目：技术服务、技术开发、技术咨询、技术交流、技术转让、技术 推广；光电子器件制造；光电子器件销售；电子专用材料制造；电子专用 材料销售；半导体照明器件制造；半导体分立器件制造；电子元器件制造； 其他电子器件制造 ...

Group 1 - The company, Suzhou Changguang Huaxin Optoelectronic Technology Co., Ltd., will hold a half-year performance briefing on August 29, 2025, from 15:00 to 16:00 [1][2] - The briefing will be conducted in an interactive online format via the Shanghai Stock Exchange Roadshow Center [2][3] - Key personnel attending the briefing include the Chairman and General Manager, Min Dayong, and the Secretary of the Board and Chief Financial Officer, Li Xiaorao [2] Group 2 - Investors can submit questions for the briefing from August 22, 2025, to August 28, 2025, before 16:00 [3] - The company will address commonly asked questions during the briefing [2][3] - After the briefing, investors can access the main content and details of the event through the Shanghai Stock Exchange Roadshow Center [3]