证券代码：688167 证券简称：炬光科技 公告编号：2025-047 西安炬光科技股份有限公司 2025年第二次临时股东大会决议公告 本次会议由公司董事会召集，由董事长刘兴胜先生主持。本次会议以现场投 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 6 月 13 日 （二） 股东大会召开的地点：陕西省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 | 48 | | --- | --- | | 普通股股东人数 | 48 | | 2、出席会议的股东所持有的表决权数量 | 12,197,334 | | 普通股股东所持有表决权数量 | 12,197,334 | | 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 | 13.8498 | | 例（%） | | | ...

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 年第二次临时股东大会的 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 年第二次临时股东大会 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 年第二次临时股东 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》") ...

Core Insights - The company, Juguang Technology, closed at 73.9 yuan on June 10, with a decline of 2.38% and a latest price-to-book ratio of 3.17, resulting in a total market capitalization of 6.678 billion yuan [1] - As of the first quarter of 2025, 13 institutions held shares in Juguang Technology, including 6 funds, 5 others, and 2 brokerages, with a total holding of 15.2327 million shares valued at 1.142 billion yuan [1] - Juguang Technology specializes in the research, development, production, and sales of high-power semiconductor laser components and materials, as well as laser optical components, automotive application solutions, and healthcare solutions [1] Financial Performance - In the first quarter of 2025, the company reported revenue of 170 million yuan, representing a year-on-year increase of 23.75% [1] - The net profit for the same period was -31,954,633 yuan, showing a year-on-year decrease of 97.38% [1] - The sales gross margin stood at 33.39% [1] Industry Comparison - Juguang Technology's price-to-earnings ratio (TTM) is -35.02, while the industry average is 107.29 [2] - The company's price-to-earnings ratio (static) is -38.18, compared to the industry median of 63.74 [2] - The market capitalization of Juguang Technology is 6.678 billion yuan, while the industry average market capitalization is 27.073 billion yuan [2]

Company Overview - Juguang Technology (688167) has repurchased a total of 503,800 shares, accounting for 0.56% of the total share capital, with a total repurchase amount of 35.19 million yuan as of May 31, 2025 [1] - The company has implemented four share repurchase plans since its listing, with a cumulative repurchase amount of 216 million yuan and cash dividends of 65.87 million yuan, reflecting its commitment to shareholder value [1] - The chairman and general manager, Liu Xingsheng, expressed confidence in the company's future and a strong willingness to increase personal holdings when supportive policies arise [1] Strategic Layout - Juguang Technology has established a comprehensive competitive advantage in the industry chain, focusing on photon technology applications and manufacturing services, particularly in optical communication, consumer electronics, and semiconductor processes [2] - The company’s R&D investment reached 95 million yuan in 2024, the highest since its listing, and it holds 594 authorized patents, including 263 overseas invention patents [2] Product Development - The company has made significant progress in various product areas, including advanced packaging materials for high-power semiconductor lasers and optical technologies for laser communication applications [3] - In the consumer electronics sector, Juguang Technology is developing high-end optical core components and micro-imaging modules for applications in visible light, infrared lighting, AR, VR, and 3D perception [3] - The company has also expanded its offerings in the automotive sector with laser radar solutions and is advancing its medical health product line with new laser skin treatment modules [3] Industry Outlook - The global optical communication market is projected to reach 30.7 billion USD by 2025, with growth rates significantly exceeding those of the overall photonics component market [4] - The integration of AI and AR/VR technologies is driving advancements in the consumer electronics industry, positioning Juguang Technology's optical sensing technologies as essential components in next-generation smart devices [4] - The semiconductor industry is experiencing growth due to increased domestic investment and policy support, presenting a favorable development period for domestic manufacturers [4]

Core Viewpoint - Juguang Technology's stock closed at 70.67 yuan, up 3.85%, with a latest price-to-book ratio of 3.03 and a total market capitalization of 6.386 billion yuan [1] Company Overview - Juguang Technology specializes in the research, production, and sales of high-power semiconductor laser components and materials, as well as laser optical components [1] - The company's main products include semiconductor laser components, optical components, automotive application solutions, semiconductor process solutions, healthcare solutions, and global photonic process and manufacturing services [1] - The company has established core technology teams globally, with locations in China, Germany, North America, Europe, and Singapore, and has received multiple national innovation awards [1] Financial Performance - For Q1 2025, Juguang Technology reported revenue of 170 million yuan, a year-on-year increase of 23.75% [1] - The net profit for the same period was -31.95 million yuan, reflecting a year-on-year decrease of 97.38% [1] - The gross profit margin for the company stood at 33.39% [1] Institutional Holdings - As of Q1 2025, 13 institutions held shares in Juguang Technology, including 6 funds, 5 other institutions, and 2 brokerages, with a total holding of 15.23 million shares valued at 1.142 billion yuan [1]

Core Points - The company is holding its second extraordinary general meeting of shareholders in 2025 to ensure the rights of all shareholders and maintain order and efficiency during the meeting [1][2] - The meeting will include discussions and voting on key proposals, including addressing unremedied losses and the election of independent directors [6][7] Meeting Procedures - Shareholders and their representatives must arrive at the meeting venue 30 minutes prior to the start to complete registration and present necessary identification documents [2][3] - The meeting will follow a predetermined agenda, and shareholders have the right to speak, inquire, and vote [2][3] - Voting will be conducted both on-site and online, with specific time frames for each method [5][6] Key Proposals - Proposal 1: Addressing unremedied losses that have reached one-third of the company's paid-in capital, with unallocated profits reported at -43.95 million yuan as of December 31, 2024 [6][7] - Proposal 2: Election of independent directors due to the expiration of terms for current independent directors, with candidates nominated and approved by the board [7][8]

证券代码：688167 证券简称：炬光科技 西安炬光科技股份有限公司 Focuslight Technologies Inc. 西安炬光科技股份有限公司 2025 年第二次临时股东大会会议资料 2025 年第二次临时股东大会 会议资料 2025 年 6 月 西安炬光科技股份有限公司 2025 年第二次临时股东大会会议资料 目 录 | 2025 年第二次临时股东大会会议须知 | 1 | | --- | --- | | 2025 年第二次临时股东大会会议议程 | 3 | | 2025 年第二次临时股东大会会议议案 | 5 | | 议案一：《关于未弥补亏损达到实收股本总额三分之一的议案》 | 5 | | 议案二：《关于独立董事任期届满暨补选独立董事的议案》 | 6 | 西安炬光科技股份有限公司 2025 年第二次临时股东大会会议资料 西安炬光科技股份有限公司 2025 年第二次临时股东大会会议须知 1 西安炬光科技股份有限公司 2025 年第二次临时股东大会会议资料 七、主持人可安排公司董事、监事和高级管理人员回答股东所提问题，对于 可能将泄露公司商业秘密及/或内幕信息，损害公司、股东共同利益的提问，主 持人或其指 ...

Investment Rating - The report maintains a "Buy" investment rating for the company [6] Core Views - The company's laser optical components business showed strong performance in Q1, driven by increased market demand in the semiconductor sector and a significant rise in product shipments, resulting in a revenue of 170 million yuan, a year-on-year increase of 23.75% [3][4] - Following two acquisitions in 2024, the company is increasing its R&D investments in high-potential areas such as optical communication, consumer electronics, and semiconductor processes, although this has led to short-term pressure on profits due to rising employee compensation and fixed operating costs [3][6] - The company has a diverse product matrix in the automotive application sector, collaborating with global Tier 1 suppliers in areas like lidar and projection lighting, establishing itself as a qualified supplier for AG company [5] Financial Forecast - Revenue projections for 2025-2027 are 776 million, 980 million, and 1.289 billion yuan respectively, with EPS estimates of 0.19, 0.62, and 1.30 yuan, corresponding to PE ratios of 364, 110, and 53 times [6][9] - The company is focused on high-power semiconductor laser components and has diversified into optical communication, consumer electronics, semiconductor processes, automotive applications, and healthcare [6]

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法律责任。 证券代码：688167 证券简称：炬光科技 公告编号：2025-046 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公司股份的进展公告 重要内容提示： 三、其他事项 公司将严格按照《上市公司股份回购规则》《上海证券交易所上市公司自律监 管指引第 7 号——回购股份》等相关规定，在回购期限内根据市场情况择机做出 回购决策并予以实施，同时根据回购股份事项进展情况及时履行信息披露义务， 敬请广大投资者注意投资风险。 特此公告。 具体内容详见公司分别于 2025 年 4 月 9 日、2025 年 4 月 12 日、2025 年 4 月 29 日在上海证券交易所网站（www.sse.com）披露的《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方案》（公告编号：2025-012）、《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方案（修订稿）》（公告编号： 2025-014）、《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》 （公告编号：2 ...

Group 1 - The report indicates that in June, overseas focus is on tariff negotiations, debt risks, and interest rate cut expectations, leading to a cautious outlook for US stocks, while domestic economic and policy observations show limited incremental highlights [3][11] - The A-share market is expected to experience range-bound fluctuations, with a continuation of the "barbell strategy" focusing on dividend defense, domestic demand recovery, and technology growth [3][15] - The report highlights the importance of monitoring sectors such as banking, public utilities, transportation, new consumption, innovative pharmaceuticals, agriculture, and technology-driven industries like AI and semiconductors for potential investment opportunities [3][15] Group 2 - The report lists the top ten stocks for June, including companies from various sectors such as electronics, media, automotive, chemicals, pharmaceuticals, food and beverage, and power equipment [4][10] - Specific companies highlighted include Lianchuang Optoelectronics, Juguang Technology, and Changchun Gaoxin, with each showing promising growth potential based on recent performance and market conditions [4][17][27] - The report provides earnings forecasts for these companies, indicating expected revenue growth for Lianchuang Optoelectronics from 32.91 billion to 45.04 billion from 2025 to 2027, and for Juguang Technology from 5.65 billion to 11.01 billion in the same period [21][27]