Group 1 - The core viewpoint of the news highlights that the company Shijia Photon is adapting to international trade policy changes with limited impact through overseas capacity layout and diversification strategies [1] - In the first quarter, the company's gross margin significantly increased due to product structure upgrades, process optimization, yield improvements, and customer structure optimization [1] - The company has made progress in data centers, access networks, and laser radar and sensing markets, aiming to deepen process advantages and accelerate product industrialization [1] Group 2 - MPO product capacity layout is globalized, while MT connectors ensure supply stability through investments in suppliers and long-term agreements [1] - The existing production lines for WG products meet order demands, with future capacity adjustments based on market conditions [1] - Revenue and profit are expected to continue growing in the first quarter of 2025, driven by rapid growth in computing power demand and the data communication market [1] Group 3 - The construction of the Thailand production base is progressing steadily, with core team formation and skills training meeting expectations, leading to continuous capacity enhancement [1] - The company maintains a cautiously optimistic attitude towards the market and operational conditions in 2025 [1]

Core Viewpoint - The company is focusing on three strategic directions: data centers, access networks, and emerging markets for lidar and sensors, with significant progress in product delivery and certification [1] Group 1: Product Development and Delivery - The company has achieved stable mass supply of chips in the access network sector, supporting the construction of gigabit and 10-gigabit networks [1] - The silicon photonic light sources for data centers have reached small batch delivery [1] - Laser radar products have passed automotive certification and have been integrated into the automotive supply chain for small batch shipments [1] - Gas sensing chips are being mass-produced for power and environmental monitoring [1] - EML lasers have completed sample development and are now in the customer validation phase [1] Group 2: Future Plans - The company plans to deepen its process advantages and accelerate the industrialization of related products [1]

证券代码：688313 证券简称：仕佳光子 公告编号：2025-026 河南仕佳光子科技股份有限公司 关于设立海外子公司的进展公告 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、对外投资概述 河南仕佳光子科技股份有限公司（以下简称"公司"）于 2025 年 1 月 3 日 召开第四届董事会第四次会议、第四届监事会第四次会议，审议通过了《关于 设立新加坡子公司并调整内部股权架构、向泰国子公司增资的议案》，同意公 司使用自筹资金在新加坡投资设立子公司，注册资本 5,000 万美元，并安排由 新加坡子公司向泰国子公司增资不超过 5,000 万美元，用于建设泰国产业园区 项 目 。 具 体 内 容 详 见 公 司 于 2025 年 1 月 4 日 在 上 海 证 券 交 易 所 网 站 （www.sse.com.cn）披露的《关于设立新加坡子公司并调整境外子公司股权架 构的公告》（公告编号：2025-001）。 二、对外投资进展情况 近日，公司已完成对外投资所涉境外投资项目相关备案、登记手续，现将 相关进展情况公告如下： | ...

Core Viewpoint - The A-share market is experiencing a narrow fluctuation with a slight decline in major indices, while certain sectors like shipping and AI are showing strength, and others like photovoltaic and e-commerce are facing corrections [1][2]. Group 1: Market Performance - As of May 14, the Shanghai Composite Index fell by 0.10%, the Shenzhen Component Index by 0.12%, and the ChiNext Index by 0.03% [1]. - The shipping and port concept stocks are performing strongly, with Ningbo Shipping and Nanjing Port achieving consecutive gains [3][4]. Group 2: Sector Highlights - The shipping and port sector continues to show strength, with significant gains in stocks like Ningbo Shipping (+10.12%) and Nanjing Port (+10.03%) [4]. - The CPO (Co-Packaged Optics) concept stocks are also rising, driven by news of Nvidia exporting AI chips to Saudi Arabia, which led to a surge in Nvidia's stock price [5][6]. Group 3: Institutional Insights - Shenwan Hongyuan indicates that the second quarter will be characterized by a high central tendency and a fluctuating market, with a focus on technology sectors for both short-term and long-term strategies [7]. - Dongxing Securities notes that improved US-China negotiations may lead to a more active market, with potential for a new upward cycle if Q2 performance continues to improve [8]. - Everbright Securities suggests that the market may experience short-term fluctuations and corrections, awaiting further positive policy developments [9].

Investment Rating - The report gives a "Buy" rating for the company, indicating a positive outlook for investment opportunities [3][17]. Core Insights - The company is a leading domestic manufacturer in the optical chip industry, focusing on optical chips and devices, indoor optical cables, and cable materials. The optical chip business is becoming the core engine of the company, benefiting from the rapid development of AI and the growing demand for data centers [1][19]. - The upgrade of optical module speeds is opening up market space for AWG chips, with the company already achieving mass shipments of AWG components for 400G and 800G optical modules in 2024. The demand for AWG products is expected to grow as optical modules continue to evolve [1][16]. - The acquisition of a 53% stake in Dongguan Fokexima Communications Technology Co., Ltd. is expected to enhance the company's production capacity and strengthen its position in the supply chain, further integrating the MPO business [2][16]. Summary by Sections Company Overview - The company specializes in optical communication, with its main business covering optical chips and devices, indoor optical cables, and cable materials. Key products include PLC splitters, AWG chips, DFB laser chips, and various types of optical cables [1][21]. - The company has a concentrated shareholding structure, with a strong and stable management team that has extensive experience in the optical communication industry [24]. Financial Performance - The company expects to achieve net profits of 382 million, 539 million, and 713 million yuan for the years 2025, 2026, and 2027, respectively, with corresponding P/E ratios of 35, 25, and 19 [3][17]. - In 2024, the company reported revenue of 1.075 billion yuan, a year-on-year growth of 42.4%, and a net profit of 65 million yuan, reflecting a significant increase of 236.6% [5][28]. Market Trends - The optical communication industry is evolving towards higher bandwidth, lower power consumption, and higher speed, with the company positioned to benefit from the growth in demand for AWG and MPO optical devices [3][15]. - The report highlights the increasing importance of AWG chips in high-speed optical modules and the necessity of MPO solutions in addressing complex wiring challenges in data centers [18][15]. Competitive Advantages - The company has established a strong competitive position as one of the few domestic suppliers of AWG chips, having developed and mass-produced AWG chips for data centers since 2017 [16][15]. - Continuous investment in R&D and optimization of customer structure are key strategies for enhancing the company's competitiveness in the rapidly evolving optical communication market [17][32].

Investment Rating - The report initiates coverage with a "Buy" rating for the company [3] Core Views - The company is a leading domestic manufacturer in the optical chip industry, focusing on optical chips and devices, indoor optical cables, and cable materials, with its optical chip business becoming a core growth engine due to the rapid development of AI and increasing demand from data centers [1][19] - The upgrade of optical module speeds opens up market space for AWG chips, with the company already achieving mass shipments of AWG components for 400G and 800G optical modules in 2024, benefiting from the rapid iteration of optical modules [1][16] - The acquisition of a 53% stake in Dongguan Fokexima Communications Technology Co., Ltd. is expected to enhance the company's production capacity and integrate the supply chain, further driving demand for MPO products due to the construction of high-density, high-speed data centers [2][16] Summary by Sections Company Overview - The company has a strong focus on the optical communication industry, with its main business covering optical chips and devices, indoor optical cables, and cable materials, and has successfully achieved mass production of PLC splitters and AWG chips [19][21] - The company has a concentrated shareholding structure, with a strong and stable management team that has extensive experience in the optical communication field [24] Financial Performance - The company expects to achieve a net profit of 382 million, 539 million, and 713 million yuan for the years 2025, 2026, and 2027, respectively, with corresponding P/E ratios of 35, 25, and 19 times [3][17] - In 2024, the company achieved revenue of 1.075 billion yuan, a year-on-year increase of 42.4%, and a net profit of 65 million yuan, a year-on-year increase of 236.6% [5][28] Market Trends - The optical communication industry is evolving towards higher bandwidth, lower power consumption, and higher speed, with the company positioned to benefit from the significant market space for AWG and MPO optical devices [3][15] - The demand for MPO products is expected to grow due to the complexity of data center wiring and the implementation of CPO solutions [2][18] Competitive Advantages - The company has established a first-mover advantage in the AWG chip market, having developed and shipped AWG chips for data centers since 2017, and is well-positioned to capture market share as demand for AWG products increases [16][17] - Continuous investment in R&D and optimization of customer structure are key strategies for enhancing the company's competitive position in the industry [17][32]

经河南仕佳光子科技股份有限公司（以下简称"公司"）2024 年年度股东 大会审议通过，决定对公司组织架构进行优化调整。公司在调整后将不再设立 监事会，相应取消职工代表监事职务；同时，公司董事会增设一名职工代表董 事席位，该职工代表董事须由公司职工代表大会依法选举产生。 证券代码：688313 证券简称：仕佳光子 公告编号：2025-025 河南仕佳光子科技股份有限公司 关于选举第四届董事会职工代表董事的公告 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。 附件：职工代表董事简历 张可：男，1989 年 11 月出生，中国国籍，无境外永久居留权，中共党员。 毕业于郑州信息科技职业技术学院，应用电子专业，大专学历。2011 年 12 月 至今任职于公司。历任切割作业员、切割班长、切磨抛主管、AWG 封装生产主 管、无源晶圆芯片产品线生产经理、生产总监助理，并担任公司第四届监事会 职工代表监事。现任晶圆芯片及组件产品线生产总监。 根据《中华人民共和国公司法》《上市公司章程指引（2025 年修订）》等 相关法律法规及《公司章程》的 ...

关于公司董事辞职的公告 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。 河南仕佳光子科技股份有限公司（以下简称"公司"）董事会于近日收到 董事赵艳涛先生提交的书面辞职报告。鉴于本次组织架构调整完成后，需由职 工代表大会选举一名职工代表担任的董事，将导致兼任高级管理人员职务的董 事以及由职工代表担任的董事超过公司董事总数的二分之一，为符合《上市公 司章程指引》关于董事会组成的规定，需减少一名兼任高级管理人员的董事设 置，故赵艳涛先生申请辞去公司第四届董事会董事职务，其辞职报告自送达董 事会之日起生效。辞职后，赵艳涛先生仍继续担任公司财务总监职务。 赵艳涛先生在担任董事期间勤勉尽责，公司董事会对赵艳涛先生任职期间 为公司发展作出的贡献表示衷心感谢。 本次董事辞职未导致公司董事会成员低于法定最低人数，不会影响公司董 事会正常运作。公司将按照《公司章程》及相关法律法规要求，通过职工代表 大会等民主程序选举新任职工董事，并及时履行信息披露义务。 证券代码：688313 证券简称：仕佳光子 公告编号：2025-024 特此公告。 河南 ...

地址：上海市浦东新区银城中路 501 号上海中心大厦 9、11、12 层 电话：021-20511000 传真：021-20511999 邮编：200120 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于河南仕佳光子科技股份有限公司 2024 年年度股东大会的 法律意见书 上海市锦天城律师事务所 关于河南仕佳光子科技股份有限公司 2024年年度股东大会的 法律意见书 河南仕佳光子科技股份有限公司： 上海市锦天城律师事务所（以下简称"本所"）接受河南仕佳光子科技股份有限公 司（以下简称"贵司"或"公司"）委托，就贵司召开 2024 年年度股东大会的有关事宜， 根据《中华人民共和国公司法》（以下简称"《公司法》"）、《上市公司股东会规则》等法 律、法规和其他规范性文件以及《河南仕佳光子科技股份有限公司章程》（以下简称"《公 司章程》"）的有关规定，出具本法律意见书。 为出具本法律意见书，本所律师对本次股东大会所涉及的相关事项进行了必要的核 查和验证，审查了本所律师认为出具该法律意见书所需审查的相关文件、资料，并现场 出席会议对公司本次股东大会的召开进行见证。 鉴此，本所律师根据《公司法》和《上市 ...

证券代码：688313 证券简称：仕佳光子 公告编号：2025-023 河南仕佳光子科技股份有限公司 2024年年度股东大会决议公告 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。 （二） 股东大会召开的地点：河南省鹤壁市淇滨区延河路 201 号仕佳光电子产 业园研发楼二楼会议室 （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 | 229 | | --- | --- | | 普通股股东人数 | 229 | | 2、出席会议的股东所持有的表决权数量 | 169,407,535 | | 普通股股东所持有表决权数量 | 169,407,535 | | 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 | 37.4807 | | 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（%） | 37.4807 | （四） 表决方式是否符合《公司法》及公司章程的规定，大会主持情况等。 本次股东大会是由公司第四届董事会召集召开，本 ...