Group 1: Dekoli - Dekoli's Q1 2025 operating performance shows structural adjustments, with a slight revenue increase of 6% year-on-year, but a significant decline in profit margins due to high-margin business price adjustments, soaring DCI business costs, and product structure changes [1] - The 800G DCI product has entered the customer customization development stage, expected to be launched within the year, with no current plans to expand to L-band [1] - Capacity bottlenecks are anticipated to gradually ease in Q3-Q4, despite challenges in overseas base construction and domestic new production line certification [1] Group 2: Proya - In 2024, Proya is set to become the first beauty company in China to exceed 10 billion in revenue, aiming to enter the top ten global cosmetics industry within the next decade with its "Double Ten Strategy" [2] - The main brand Proya still has room for market share growth in China, focusing on developing series such as Source Power, Energy, Whitening, and Base Makeup [2] - The company plans to enhance its product matrix through online channels and explore new formats in offline channels, while also targeting the Southeast Asian market for product development and local partnerships [2] Group 3: Xiangpiaopiao - Xiangpiaopiao's milk tea business faces pressure in Q4 2024 and Q1 2025 due to external environment, internal strategy adjustments, and a long-termism approach [3] - The new product "Original Leaf Fresh Brew" has received positive feedback during trial sales, and the brand has gained significant visibility [3] - The company is focusing on optimizing product positioning for its "Lan Fang Yuan" frozen lemon tea and expanding its snack retail channels with customized products [3]

Summary of the Conference Call for 德科立 Company Overview - The conference call discusses 德科立, focusing on its performance in the DCI (Data Center Interconnect) sector and its overall business strategy for 2025 and beyond. Key Points Industry and Company Performance - In Q1 2025, 德科立's gross margin was impacted by a decrease in high-margin product shipments and unexpected GTA orders during the Spring Festival, leading to increased costs [2][4] - TCI (Training, Inference, and Recommendation) revenue share increased to 40%, indicating progress in subsystem products [2][4] - The company achieved a 5% growth in operating performance in Q1 2025, but operating profit declined due to fewer high-margin product shipments compared to the previous year [4] DCI Product Development - 德科立's 400G products are globally deployed, with 600G already in use for backbone networks and 800G under development, expected to launch this year [2][5] - The company is also focusing on 1.6T development, primarily using the C-band [2][5][6] - DCI product average gross margin is currently around 20%, with expectations to rise to 30-35% in the future [3][16] Capacity Expansion and Financials - DCI production line construction has not met expectations, resulting in a decrease in cash deposits from 1 billion to 600 million [7] - The company has a backlog of orders exceeding 300 million, with plans to double production capacity by the end of 2025 [8][30] - The company aims for a production capacity of 3-5 billion by the end of 2025, with a sales revenue target of 2-3 billion for the year [3][14] Supply Chain and Cost Management - Supply chain issues during the Spring Festival led to increased costs, and the company is still working on cost reduction plans [8][30] - The company is facing challenges with tariffs affecting supply chains, particularly between North America and China [8][25] Collaboration and Market Position - Collaboration with major overseas clients in the OCS (Optical Circuit Switching) field has progressed, with some development and prototype revenue already recognized [10] - The cancellation of data center Capex by Microsoft has a limited impact on 德科立, as it represents a small portion of their business [11] Future Outlook - The company is optimistic about future growth, driven by technological advancements and increasing demand for AI applications [11][32] - Plans for significant capacity expansion are in place, with expectations to reach 15 billion by the end of 2025 and 30 billion by the end of 2027 [21][32] Regulatory and Market Challenges - The impact of U.S. tariff exemptions on the DCI subsystem is still being assessed, with potential benefits if certain products qualify [22] - The company is actively managing the complexities of international trade and tariffs to maintain competitiveness [23][25] Technological Developments - The company is exploring various optical switching technologies, including silicon photonic waveguides, which offer advantages in response time and efficiency [17][18] - Ongoing testing and development of new optical chips and devices are being conducted in collaboration with global partners [29] Conclusion - 德科立 is navigating a complex market landscape with a focus on expanding its DCI product offerings and improving operational efficiency. The company remains committed to long-term growth through technological innovation and strategic partnerships.

沪深两市全天主力资金净流入49.75亿元，其中，科创板主力资金净流出7.73亿元，主力资金净流入的有 252只股，主力资金净流出的有330只股。 证券时报•数据宝统计显示，今日科创板个股上涨的有275只，下跌的有299只。 资金流向方面，今日主力资金净流入的科创板股共有252只，其中，8只个股主力资金净流入超3000万 元，澜起科技主力资金净流入1.14亿元，净流入资金居首；拓荆科技、达梦数据紧随其后，全天净流入 资金分别为6578.21万元、4704.71万元。主力资金净流出的有330只，净流出资金最多的是中芯国际，该 股今日下跌0.76%，全天主力资金净流出2.46亿元，其次是恒玄科技、芯原股份，主力资金净流出分别 为1.08亿元、7308.65万元。 从主力资金连续性进行观察，共有48只个股主力资金连续3个交易日以上持续净流入，连续流入天数最 多的是迈信林，该股已连续13个交易日净流入；连续净流入天数较多的还有仁度生物、德科立等，主力 资金分别连续流入10天、6天。主力资金连续流出的个股有137只，连续净流出天数最多的是卓越新能、 埃科光电等2只个股，主力资金均连续净流出11天。（数据宝） 主力资金净流 ...

Core Points - The company has passed several resolutions during its board meetings, including the evaluation of the independent directors' independence and the assessment of the performance of the accounting firm for the year 2024 [3][5][8][11][22][25][28][31][34][39][41][45][53][56][62][65][70][83][85][106] - The company plans to propose a mid-term dividend scheme for 2025, contingent on achieving positive distributable profits and sufficient cash flow [11][12] - The company has approved the expected daily related transactions for 2025, ensuring that these transactions will not harm the interests of the company or its minority shareholders [18][111] Board Resolutions - The board has approved the 2024 internal control evaluation report and the 2024 sustainable development report, which will not require shareholder meeting approval [8][22][53][24] - The board has also approved the proposal to authorize the board to formulate the mid-term dividend plan for 2025, which will be submitted for shareholder approval [11][14][56] - The board has approved the proposal for the 2025 first-quarter report, confirming that it accurately reflects the company's situation [25][62] Accounting Firm Engagement - The company intends to reappoint Gongzheng Tianye Accounting Firm for the 2025 audit, with the decision based on the firm's qualifications and past performance [70][82][83] - The firm has a solid track record, with a total revenue of 308.57 million yuan in 2024, including 265.46 million yuan from audit services [72] Fund Management - The company has reported on the management and use of raised funds, confirming that it has used 465.79 million yuan from its initial public offering and has a remaining balance of 688.57 million yuan as of December 31, 2024 [86][92] - The company has also engaged in cash management using idle raised funds, ensuring compliance with relevant regulations [93][94] Related Transactions - The company has outlined its expected related transactions for 2025, which are necessary for its daily operations and will be conducted at fair market prices [111]

公司代码：688205 公司简称：德科立 无锡市德科立光电子技术股份有限公司 2024年度内部控制评价报告 无锡市德科立光电子技术股份有限公司全体股东： 根据《企业内部控制基本规范》及其配套指引的规定和其他内部控制监管要求（以下简称企业内部 控制规范体系），结合本公司（以下简称公司）内部控制制度和评价办法，在内部控制日常监督和专项 监督的基础上，我们对公司2024年12月31日（内部控制评价报告基准日）的内部控制有效性进行了评价。 一. 重要声明 按照企业内部控制规范体系的规定，建立健全和有效实施内部控制，评价其有效性，并如实披露内 部控制评价报告是公司董事会的责任。监事会对董事会建立和实施内部控制进行监督。经理层负责组织 领导企业内部控制的日常运行。公司董事会、监事会及董事、监事、高级管理人员保证本报告内容不存 在任何虚假记载、误导性陈述或重大遗漏，并对报告内容的真实性、准确性和完整性承担个别及连带法 律责任。 公司内部控制的目标是合理保证经营管理合法合规、资产安全、财务报告及相关信息真实完整，提 高经营效率和效果，促进实现发展战略。由于内部控制存在的固有局限性，故仅能为实现上述目标提供 合理保证。此外，由 ...

无锡市德科立光电子技术股份有限公司 2024 年度董事会审计委员会履职情况报告 公司第二届董事会审计委员会由曹新伟女士、朱晋伟先生、秦舒先生三名成 员组成，其中曹新伟女士、朱晋伟先生为独立董事，主任委员由具备会计专业资 格的曹新伟女士担任。审计委员会全体委员均具备能够胜任审计委员会工作职责 的专业知识和行业经验。 根据《上市公司治理准则》《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》和《上海证券交易所科创板股票上市规则》，并按照无锡 市德科立光电子技术股份有限公司（以下简称"公司"）的《公司章程》及《董 事会审计委员会工作细则》等有关规定，2024 年度（以下简称"报告期"），公司 董事会审计委员会勤勉尽责，积极履行审计委员会的工作职责，现将审计委员会 2024 年度的履职情况报告如下： 一、审计委员会的基本情况 二、审计委员会 2024 年度会议召开情况 报告期内，审计委员会共召开了五次会议，会议的组织、召开及表决均符合 相关法律法规、规范性文件以及《公司章程》等有关规定。公司全体审计委员会 委员参加了各次会议，会议议案全部审议通过。具体情况如下： | 序 | 会议名称 | 召开日 | ...

无锡市德科立光电子技术股份有限公司 董事会审计委员会对会计师事务所 2024 年度履行 监督职责情况报告 根据《中华人民共和国公司法》《中华人民共和国证券法》《国有企业、上 市公司选聘会计师事务所管理办法》和《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》等相关规范性文件的规定，以及公司《审计委 员会工作细则》的有关规定，现将无锡市德科立光电子技术股份有限公司（以 下简称"公司"）董事会审计委员会对会计师事务所 2024 年度履行监督职责情 况报告如下： 一、2024年年审会计师事务所基本情况 1、会计师事务所基本情况 公证天业会计师事务所（以下简称"公证天业"）创立于1982年，是全国 首批经批准具有从事证券、期货相关业务资格及金融业务审计资格的会计师事 务所之一。2013年9月18日，转制为特殊普通合伙企业。注册地址为无锡市太湖 新城嘉业财富中心5-1001室，首席合伙人为张彩斌。 截至2024年末，公证天业合伙人数量59人，注册会计师人数349人，签署过 证券服务业务审计报告的注册会计师人数168人。公证天业2024年度经审计的收 入总额30,857.26万元，其中审计业务收入26, ...

证券代码：688205 证券简称：德科立 公告编号：2025-012 无锡市德科立光电子技术股份有限公司 关于召开2024年年度股东会的通知 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、 召开会议的基本情况 （一） 股东会类型和届次 2024年年度股东会 召开日期时间：2025 年 5 月 15 日14 点 00 分 召开地点：无锡市德科立光电子技术股份有限公司会议室 （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 5 月 15 日 | 序 号 | 议案名称 | 投票股东 类型 | | --- | --- | --- | | | | 股股东 A | | | 非累积投票议案 | | | 1 | 关于公司 2024 年年度报告及其摘要的议案 | √ | | 2 | 关于公司 2024 年度利润分配预案的议案 | √ | | 3 | 关于 年度董事会工作报告的议案 2024 | √ | | 4 | 关于 年度监事会工作报告的议 ...

证券代码：688205 证券简称：德科立 公告编号：2025-006 无锡市德科立光电子技术股份有限公司 第二届监事会第十一次会议决议公告 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、准确性和完整性承担法律责任。 一、监事会会议召开情况 无锡市德科立光电子技术股份有限公司（以下简称"公司"）第二届监事 会第十一次会议于 2025 年 4 月 24 日在公司会议室召开。本次会议的通知于 2025 年 4 月 14 日通过书面及电话等方式送达全体监事。本次会议应参加监事 3 名，实际参加监事 3 名，会议由监事会主席陈英女士主持，本次会议的召集、 召开方式符合《公司法》等法律、行政法规、部门规章、规范性文件和《公司 章程》的规定。 二、监事会会议审议情况 （一）审议通过《关于 2024 年度监事会工作报告的议案》 表决结果：同意 3 票，反对 0 票，弃权 0 票。 本议案尚需提交股东会审议。 （二）审议通过《关于公司 2024 年年度报告及其摘要的议案》 经审核，监事会认为董事会编制和审议公司 2024 年年度报告的程序符合 法律、行政法规及中国证监会的 ...

证券代码：688205 证券简称：德科立 公告编号：2025-005 无锡市德科立光电子技术股份有限公司 第二届董事会第十一次会议决议公告 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。 一、董事会会议召开情况 无锡市德科立光电子技术股份有限公司（以下简称"公司"）第二届董事会 第十一次会议于 2025 年 4 月 24 日在公司会议室召开。本次会议的通知于 2025 年 4 月 14 日通过书面及电话等方式送达全体董事。本次会议应参加董事 9 名， 实际参加董事 9 名，会议由董事长桂桑先生主持，本次会议的召集、召开方式符 合《公司法》等法律、行政法规、部门规章、规范性文件和《公司章程》的规定。 二、董事会会议审议情况 （一）审议通过《关于公司 2024 年年度报告及其摘要的议案》 经审核，董事会认为公司《2024 年年度报告》及其摘要的编制和审核程序 符合有关法律、行政法规、规范性文件及《公司章程》的相关规定，报告内容能 够真实、准确、完整地反映公司的实际情况，不存在任何虚假记载、误导性陈述 或者重大遗漏。 具体内容 ...