证券代码：688048 证券简称：长光华芯 公告编号：2025-043 苏州长光华芯光电技术股份有限公司 2025 年半年度募集资金存放与使用情况专项报 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。 根据《上市公司监管指引第 2 号——上市公司募集资金管理和使用的监管要 求》、《上海证券交易所科创板上市公司自律监管规则适用指引第 1 号——规范 运作》和《上海证券交易所科创板股票上市规则》等有关规定，苏州长光华芯光 电技术股份有限公司（以下简称"公司"或"长光华芯"）2025 年半年度募集 资金存放与使用情况专项报告说明如下： 一、募集资金基本情况 二、募集资金管理情况 （一）募集资金的管理情况 为了规范募集资金的管理和使用，提高资金使用效率和效益，保护投资者权 益，公司根据《中华人民共和国公司法》、《中华人民共和国证券法》、《上海 证券交易所股票上市规则》、《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》以及其他相关法律法规的规定，结合公司实际情况，制定了 公司《募集资金管理制度》，对募集资金实行 ...

证券代码：688048 证券简称：长光华芯 公告编号： 2025-044 苏州长光华芯光电技术股份有限公司 关于召开 2025 年半年度业绩说明会的公告 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个别及连带责任。 重要内容提示： 会议召开时间：2025 年 08 月 29 日 （星期五） 15:00-16:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 08 月 22 日（星期五）至 08 月 28 日（星期四）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目进行提问。公司将在说明 会上对投资者普遍关注的问题进行回答。 苏州长光华芯光电技术股份有限公司（以下简称"公司"）为便于广大投资 者更全面深入地了解公司 2025 年半年度经营成果、财务状况，公司计划于 2025 年 08 月 29 日 （星期五） 15:00-16:00 举行 2025 年半 ...

2.资产减值损失 证券代码：688048 证券简称：长光华芯 公告编号：2025-045 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 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。 一. 计提资产减值准备情况概述 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： 二. 计提资产减值准备事项的具体说明 1.信用减值损失 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。 苏州长光华芯光电技术股份有限公司董事会 2025 年 8 月 23 日 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 单位：人民币 万元 项目 计提金额 备注 信用减值损失 ...

Group 1 - The core point of the announcement is that Changguang Huaxin reported a revenue of 214 million yuan for the first half of 2025, representing a year-on-year growth of 68.08% [1] - The company achieved a net profit of 8.9745 million yuan, a significant turnaround from a net loss of 42.4804 million yuan in the same period last year [1]

第1笔成交价格为77.76元，成交9.00万股，成交金额699.84万元，溢价率为-2.00%，买方营业部为华金 证券股份有限公司湖北分公司，卖方营业部为国泰海通证券股份有限公司武汉徐东大街证券营业部。 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 8月22日，长光华芯收涨6.45%，收盘价为79.35元，发生1笔大宗交易，合计成交量9万股，成交金额 699.84万元。 责任编辑：小浪快报 进一步统计，近3个月内该股累计发生9笔大宗交易，合计成交金额为1.07亿元。该股近5个交易日累计 上涨10.70%，主力资金合计净流出6349.27万元。 ...

8月22日，长光华芯大宗交易成交9万股，成交额699.84万元，占当日总成交额的0.85%，成交价77.76元，较市场收盘价79.35元折价2%。 | 交易日期 | 证券简称 | 证券代码 | 成交价(元) 成交金额(万元) 成交量( * ) 买入营业部 | | 卖出营业部 | | --- | --- | --- | --- | --- | --- | | 2025-08-22 | 长光华芯 | 688048 | 77.76 699.84 | 华金证券股份有限 | 国泰海通证券股份 | | | | | | 公司湖北分公司 | 有限公司武汉徐东 | ...

Core Viewpoint - Changguang Huaxin (688048.SH) has indicated that its products can be applied in optical communication solutions for 400G, 800G, and 1.6T optical modules [1] Group 1 - The company specializes in optical communication products [1] - The specific downstream customers are to be monitored through publicly disclosed information [1]

Group 1 - The core viewpoint of the article is that Changguang Huaxin (688048.SH) has indicated that its VCSEL chips can be applied in visual robots that utilize LiDAR technology [1] Group 2 - The company is actively engaging with investors through an interactive platform to discuss its technological applications [1] - The application of VCSEL chips in LiDAR systems highlights the company's focus on advanced technology integration [1]

Market Overview - The main funds in the Shanghai and Shenzhen markets experienced a net outflow of 75.08 billion yuan, with the Sci-Tech Innovation Board seeing a net outflow of 3.46 billion yuan [1] - A total of 185 stocks saw net inflows, while 403 stocks experienced net outflows [1] Sci-Tech Innovation Board Performance - On the Sci-Tech Innovation Board, 73 stocks rose, with two stocks, Youfang Technology and Botao Biology, hitting the daily limit [1] - The stock with the highest net inflow was Haiguang Information, with a net inflow of 583.88 million yuan, followed by Hanwujing and Shenzhou Cell with net inflows of 388.54 million yuan and 155.52 million yuan respectively [1][2] Continuous Fund Flow - There are 30 stocks that have seen continuous net inflows for more than three trading days, with Dingyang Technology leading at 10 consecutive days of inflow [2] - Conversely, 164 stocks have experienced continuous net outflows, with Nami Technology leading at 12 consecutive days of outflow [2] Notable Stocks - The top stocks by net inflow include: - Haiguang Information: 583.39 million yuan, 4.85% inflow rate, 8.83% increase [2] - Hanwujing: 388.54 million yuan, 2.77% inflow rate, 10.35% increase [2] - Shenzhou Cell: 155.52 million yuan, 12.98% inflow rate, 5.21% increase [2] - The stocks with the highest net outflows include: - Shijia Photon: 353 million yuan, 8.30% decrease [1] - Changguang Huaxin: 157 million yuan outflow [1] - Zhong Wurenji: 142 million yuan outflow [1] Summary of Fund Flows - The overall trend indicates a significant outflow of funds from the market, particularly affecting the Sci-Tech Innovation Board, with a notable number of stocks experiencing continuous inflows and outflows [1][2]

Core Viewpoint - Changguang Huaxin, a leading domestic laser chip manufacturer, has faced two consecutive years of significant losses, raising concerns among investors despite a market capitalization exceeding 9 billion yuan [1][2]. Company Overview - Established in 2012, Changguang Huaxin focuses on the research, design, and manufacturing of semiconductor laser chips, with key products including high-power single-tube series, high-power bar series, high-efficiency VCSEL series, and optical communication chips [2]. - The company's products are widely used in various fields such as fiber lasers, solid-state lasers, medical aesthetics, and machine vision, with major clients including Feibo Laser and Chuangxin Laser [4]. Financial Performance - The company experienced rapid revenue growth from 2018 to 2021, with revenues reaching 247 million yuan in 2020 and 429 million yuan in 2021, representing year-on-year growth rates of 78.46% and 73.59%, respectively [6]. - However, in 2022, the company reported a 10.13% decline in revenue and a mere 3.42% increase in net profit, with a staggering 67.35% drop in net profit after deducting non-recurring items [8]. - The cumulative net loss over 2023 and 2024 reached 258 million yuan, indicating a severe decline in profitability [8][9]. Profitability Challenges - The company attributed its continuous losses to intense market competition and price wars, which led to a significant reduction in profit margins [9]. - The gross profit margin plummeted from 51.57% in 2022 to 33.54% in 2023 and further to 23.85% in 2024, with the single-tube product margin dropping to just 10.93% [9][10]. Investment and Risk Management - In 2023, the company invested 60 million yuan in a trust product with a high-risk profile, which resulted in a total loss of the investment, raising questions about its risk management practices [11][12]. - The company has faced scrutiny over its decision to allocate idle funds into high-risk investments instead of safer options [12]. Research and Development - Despite increasing R&D expenditures from 85.92 million yuan in 2021 to 127 million yuan in 2024, the company has struggled to translate its research efforts into profitable products, with R&D costs consuming 46.69% of its revenue [13][17]. - The company has achieved notable technological advancements, including breaking records in chip efficiency, but these have not yet translated into significant revenue contributions [16][17]. Market Outlook - The company's reliance on low-margin products and the inability to quickly commercialize new technologies in emerging fields like VCSEL and optical communication raise concerns about its future profitability [17]. - The recent trend of insider selling and executive departures suggests that stakeholders may be aware of the underlying risks, contrasting sharply with the company's current market valuation [17].