Summary of Key Points from the Conference Call of 聚光科技 Company Overview - **Company**: 聚光科技 (Photon Technology) - **Industry**: Laser optics and semiconductor processing Financial Performance - **2024 Financial Results**: - Revenue: 620 million (10% YoY growth) - Net Profit: -175 million (293% YoY decline) [4] - Major factors: Intense competition in industrial lasers, unsuccessful mergers, increased loan interest, and one-time impairments totaling approximately 89.44 million [2][4] - **2025 Q1 Performance**: - Revenue: 169 million (24% YoY growth) [5] - Loss reduction: Net profit loss narrowed significantly, with operational cash flow turning positive [10] - Gross margin improved from 28% in 2024 to 34% in Q1 2025 due to product structure optimization and cost control [9] Key Business Segments - **Laser Optical Components**: Significant increase in shipment volumes and new orders in emerging fields [5] - **Semiconductor Processing**: - 2024 saw a 34% decline in semiconductor laser business due to competitive pressures [16] - Expected recovery in 2025 with major clients validating products [16] - **Automotive Sector**: - 2024 revenue: 77 million (67% YoY growth), but faced challenges in Q1 2025 with a 50% decline [19] - New projects initiated with European clients, indicating potential for future growth [19] - **Photonics and Manufacturing Services**: - Revenue contribution from this segment began to show post-acquisition, with 2024 revenue at 17.15 million [22] Strategic Initiatives - **Mergers and Acquisitions**: - Focused on acquiring loss-making companies to gain advanced technologies and market resources [40][41] - Successful integration of acquired assets is crucial for future growth [56] - **Cost Management**: - Effective control of sales expenses, although management and R&D costs increased [8] - Overall asset-liability ratio remained stable, indicating financial stability [11] Market Dynamics - **International Expansion**: - Increased revenue share from Europe, with reduced reliance on traditional industrial markets [3][14] - Limited impact from US tariffs due to low revenue exposure from the US market [15] - **Emerging Markets**: - Focus on high-growth areas such as optical communication and consumer electronics, with significant investments planned [39][36] R&D and Innovation - **R&D Investments**: - Increased focus on semiconductor laser materials and processes, with a notable rise in R&D expenses [27][46] - Emphasis on developing new products and optimizing existing processes to enhance competitiveness [28] - **Intellectual Property**: - Over 200 new patents filed in 2024, with a total of 594 patents granted [32] Future Outlook - **Growth Projections**: - Anticipated revenue growth of approximately 20% in 2025, with a focus on achieving profitability [68] - Continued investment in high-potential sectors while managing costs effectively [59] Conclusion - 聚光科技 is navigating a challenging market landscape with strategic mergers, focused R&D, and a commitment to expanding into high-growth areas. The company aims to stabilize its financial performance while positioning itself for future growth in the photonics and semiconductor sectors.

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：688167 证券简称：炬光科技 公告编号：2025-033 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： ● 西安炬光科技股份有限公司（以下简称"公司"）拟通过集中竞价交易方式回购公司已发行的部分人民 币普通股（A股）股份。主要内容如下： 1、回购股份金额：回购资金总额不低于人民币2,000万元（含，下同）、不超过人民币4,000万元（含， 下同）。 2、回购股份资金来源：公司自有资金及上海浦东发展银行股份有限公司西安分行提供的股票回购专项 贷款资金，其中股票回购专项贷款资金不超过回购股票总金额的90%。 3、回购股份用途：全部用于注销并减少公司注册资本。 4、回购股份价格：不超过人民币100元/股（含，下同）。该价格不高于公司董事会通过回购决议前30 个交易日公司股票交易均价的150%。 7、相关股东是否存在减持计划：经向董监高、控股股东、实际控制人、持股5%以上的股东问询未来3 个月、未来6个月是否存在减持计划，其回复称，在未来3个月、6个 ...

根据《上市公司独立董事管理办法》《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》和《西安炬光科技股份有限公司章程》（以下称 "《公司章程》"）等规定，王满仓先生、张彦鹏先生辞职将导致公司董事会及 专门委员会中独立董事所占比例不符合法律法规及《公司章程》规定，因此，王 满仓先生、张彦鹏先生的辞职申请将在公司股东大会选举出新任独立董事之日起 生效。为了确保公司董事会的正常运作，在公司股东大会选举出新任独立董事之 前，王满仓先生、张彦鹏先生仍将按照有关法律法规和《公司章程》的规定继续 履行独立董事及其在董事会相关专门委员会中的相应职责。同时，公司将按相关 规定尽快完成独立董事的补选工作。 王满仓先生、张彦鹏先生在担任公司独立董事期间，始终恪守上市公司独立 董事的职业准则，秉持勤勉尽责、客观公正的工作态度，以高度的专业素养和敬 业精神忠实履行独立董事职责，为公司规范运作、科学决策提供了专业、独立的 意见，有效促进了公司规范运作和可持续发展。公司及董事会对王满仓先生、张 彦鹏先生在任期间所展现的专业风范和为公司所做出的贡献表示衷心的感谢！ 西安炬光科技股份有限公司（以下简称"公司"）于近日收到公司独 ...

Core Viewpoint - The company reported a decline in net profit for 2024 and Q1 2025, primarily due to the impact of recent acquisitions and integration challenges, which were in line with market expectations [1][2]. Financial Performance - In 2024, the company achieved revenue of 620 million yuan, a year-on-year increase of 10.49%, but reported a net loss of 175 million yuan, a significant decline of 293.17% [1]. - For Q1 2025, revenue was 170 million yuan, up 23.75% year-on-year, while the net loss was 32 million yuan, down 97.38% year-on-year [1]. Business Segments Upstream Business - Revenue from semiconductor laser components and materials in 2024 was 150 million yuan, down 34.42% year-on-year due to increased competition and price pressure [3]. - Revenue from laser optical components was 287 million yuan, up 38.71% year-on-year, driven by the acquisition of Swiss Light [3]. Midstream Applications - Automotive applications generated revenue of 77 million yuan, a significant increase of 66.63% year-on-year, attributed to new projects from the Swiss Light acquisition [4]. - Revenue from semiconductor processing was 69 million yuan, up 10.19% year-on-year, supported by growth in wafer annealing and new product developments [4]. - Revenue from healthcare applications was 17 million yuan, up 44.65% year-on-year, as more clients adopted the company's laser skin treatment modules [4]. Gross Margin and Cost Structure - The overall gross margin for 2024 was 28.11%, a decrease of 19.85 percentage points year-on-year, while Q1 2025 saw a recovery to 33.39% [5]. - The gross margin for laser optical components was down 10.39 percentage points year-on-year due to competitive pricing pressures [6]. - The automotive application solutions experienced a significant drop in gross margin due to high production costs from Switzerland, which are expected to improve following the relocation of production to China [6]. Strategic Outlook - The company aims to enhance its core competitiveness through acquisitions and is focusing on expanding into new fields, including optical communication, consumer electronics, and healthcare [8]. - Ongoing R&D efforts are directed towards developing high-power, reliable laser devices and optimizing manufacturing processes to reduce costs [9][10]. Earnings Forecast - The company adjusted its revenue forecasts for 2025-2026 to 832 million and 1.095 billion yuan, respectively, with expected net profits of 46 million and 153 million yuan [11].

证券代码：688167 证券简称：炬光科技 公告编号：2025-032 西安炬光科技股份有限公司 2025年第一次临时股东大会决议公告 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 4 月 28 日 （二） 股东大会召开的地点：西安市高新区丈八六路 56 号西安炬光科技股份有 限公司华山会议室 （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 | 87 | | --- | --- | | 普通股股东人数 | 87 | | 2、出席会议的股东所持有的表决权数量 | 17,110,572 | | 普通股股东所持有表决权数量 | 17,110,572 | | 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 | 19.3182 | | 例（%） | | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 19.318 ...

北京锦路安生(西安)律师事务所 关于西安炬光科技股份有限公司 2025 年第一次临时股东大会的 法律意见书 锦路安生律师事务所 西安：西安市高新区锦业路 1 号都市之门 D 座 1804-1805 深圳：深圳市南山区深南大道 9678 号大冲商务中心 1 栋 2 号楼 B 座 2603 北京：北京市朝阳区工体东路 18 号中复大厦东区四层 上海：上海市浦东新区南汇新城镇海基一路 88 号上海临港海洋科技广场 H2 座 4 楼 405 室 电话: +86 29 88600389 +86 10-56907800 传真：029-81875553 北京锦路安生(西安)律师事务所关于西安炬光 科技股份有限公司 2025 年第一次临时股东大会 的 法律意见书 致：西安炬光科技股份有限公司 北京锦路安生(西安)律师事务所("本所")作为西安炬光科技股份有限公司 ("公司")的法律顾问，受公司委托，指派本所律师对公司 2025 年第一次临时股东 大会("本次股东大会")进行见证。本所律师根据《中华人民共和国公司法》("《公 司法》")、《中华人民共和国证券法》("《证券法》")及《上市公司股东会规则》 ("《股东会规则》") ...

西安炬光科技股份有限公司 关于以集中竞价交易方式回购股份的回购报告书 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。 证券代码：688167 证券简称：炬光科技 公告编号：2025-033 重要内容提示： 西安炬光科技股份有限公司（以下简称"公司"）拟通过集中竞价交易方式 回购公司已发行的部分人民币普通股（A 股）股份。主要内容如下： 6、回购股份期限：自股东大会审议通过回购股份方案之日起 12 个月内。 7、相关股东是否存在减持计划：经向董监高、控股股东、实际控制人、持股 5%以上的股东问询未来 3 个月、未来 6 个月是否存在减持计划，其回复称，在未 来 3 个月、6 个月暂无明确减持计划，如有其将严格遵守相关法律法规的规定进行 股份减持行为并及时履行信息披露义务。 ● 相关风险提示： （1）本次回购股份期限内，如公司股票价格持续超出回购价格上限，则存在 回购方案无法实施的风险； 1、回购股份金额：回购资金总额不低于人民币 2,000 万元（含，下同）、不超 过人民币 4,000 万元（含，下同）。 1 2、回购股份资 ...

Investment Rating - The report does not explicitly state an investment rating for the industry Core Insights - The lithography process is the most technically challenging, costliest, and time-consuming step in chip manufacturing, accounting for approximately 30% of costs and 40-50% of time in the manufacturing process [7][10][12] - The lithography process involves multiple steps, including surface treatment, coating, exposure, development, and inspection, with advanced technology nodes requiring 60-90 lithography steps [7][10] - The lithography market is dominated by three major players: ASML, Nikon, and Canon, with a market size in the hundreds of billions [3.2][4.1] Summary by Sections 1. Lithography Process - Lithography is crucial for defining the minimum line width of chips and directly impacts the performance and process level of semiconductor devices [7][10] - Key parameters in lithography include resolution and overlay accuracy, which are essential for ensuring the precise transfer of patterns onto silicon wafers [14][32] 2. Components of Lithography Machines - Lithography machines consist of several key components, including the light source, illumination system, and projection optics, which are critical for the exposure process [43][45] - The light source provides the energy needed for lithography, with different types such as mercury lamps, excimer lasers, and extreme ultraviolet (EUV) light being used depending on the process requirements [45][48] 3. Lithography Machine Market - The lithography machine market is characterized by a high level of competition among leading manufacturers, with ASML being a dominant player in the EUV segment [3.2][4.1] - The report highlights the evolution of lithography technology, including advancements in light source wavelengths and numerical aperture (NA), which are essential for improving resolution [19][22] 4. Domestic Supply Chain Manufacturers - The report outlines several domestic manufacturers involved in the lithography supply chain, including Shanghai Micro Electronics, Guoke Precision, and Huazhuo Jingke, each specializing in different aspects of lithography technology [4.1][4.2][4.3]

Fundraising Overview - The company raised a total of RMB 176,973.81 million from the issuance of 22.49 million shares at a price of RMB 78.69 per share, with a net amount of RMB 163,264.76 million after deducting issuance costs [1] - As of December 31, 2024, the company has used RMB 409,537,239.30 of the raised funds in the current year, with a cumulative total of RMB 1,270,529,404.59 used, leaving a balance of RMB 362,118,148.50, which includes bank interest received [2] Fund Management - The company has implemented a special account storage system for the management and use of raised funds, in compliance with relevant laws and regulations, and has signed tripartite supervision agreements with various banks and sponsors [3] - As of December 31, 2024, the company has not used idle raised funds to temporarily supplement working capital [6] Fund Usage and Adjustments - The company has approved the use of its own funds to pay for fundraising project expenses, with plans to replace these with raised funds on a quarterly basis, although no such replacements have occurred as of the reporting date [5] - The company has also approved the use of idle raised funds for cash management, with a maximum of RMB 85 million and later RMB 50 million allocated for investments in low-risk, high-liquidity products [7][8] - The company has permanently supplemented working capital with surplus funds from completed projects, totaling RMB 117,264,077.86, which includes surplus funds and interest income [12] Project Adjustments - The company has postponed the expected completion dates for certain projects due to various factors, including government approvals and geological challenges, extending timelines for the "Smart Driving Car Application Photon Technology Industrialization Project" and the "R&D Center Construction Project" to 2026 [13] - The company has adjusted the internal investment structure of the "Smart Driving Car Application Photon Technology Industrialization Project" while maintaining the overall investment amount [14] Compliance and Reporting - The company received a regulatory notice regarding past irregularities in the management and use of raised funds, committing to rectify these issues and improve compliance moving forward [16] - The company's fundraising management and usage have been verified by auditors and sponsors, confirming adherence to regulatory requirements and proper disclosure practices [17][18]

一、2024 年年审会计师事务所基本情况 | 事务所名称 | 普华永道中天会计师事务所（特殊普通合伙） | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 成立日期 | 2013 年 月 18 日 组织形式 | 1 | | 特殊普通合伙 | | | | | 注册地址 | 中国(上海)自由贸易试验区陆家嘴环路 | | 1318 | 号星展银行大厦 | 507 | 单元 | 室 01 | | 首席合伙人 | 李丹 上年度末合伙人数量 | | | | 229 | 人 | | | 上年末执业人 | 注册会计师 | | | | 1,150 | 人 | | | 员数量 | 签署过证券服务业务审计报告的注册会计师 | | | | 287 | 人 | | | 年业务收 2023 | 业务收入总额 | | | 亿元 71.37 | | | | | 入（经审计） | 审计业务收入 | | | 66.02 亿元 | | | | | | 证券业务收入 | | | 31.15 亿元 | | | | | | 客户家数 审计收费总额 | | | 家 107 亿 ...