中信证券股份有限公司 关于苏州光格科技股份有限公司 首次公开发行战略配售限售股上市流通的核查意见 中信证券股份有限公司（以下简称"中信证券"或"保荐人"）作为苏州光 格科技股份有限公司（以下简称"光格科技"或"公司"）首次公开发行股票并 在科创板上市项目的保荐人，根据《中华人民共和国公司法》《中华人民共和国 证券法》《证券发行上市保荐业务管理办法》《上海证券交易所科创板股票上市 规则》等相关规定，对光格科技首次公开发行战略配售限售股上市流通事项进行 了核查，具体核查情况如下： 一、本次上市流通的限售股类型 根据中国证券监督管理委员会于 2023 年 5 月 30 日出具的《关于同意苏州光 格科技股份有限公司首次公开发行股票注册的批复》（证监许可〔2023〕1177 号），同意公司首次公开发行股票的注册申请，并经上海证券交易所同意，公司 由主承销商中信证券采用向参与战略配售的投资者定向配售、网下向符合条件的 网下投资者询价配售、网上向持有上海市场非限售 A 股股份和非限售存托凭证 市值的社会公众投资者定价发行相结合的方式发行人民币普通股（A 股）1,650.00 万股，并于 2023 年 7 月 24 日在上海 ...

Core Insights - The article discusses the significant impact of AI on the manufacturing industry, particularly through the innovations of Suzhou Guangge Technology Co., Ltd, which specializes in AIoT asset operation and maintenance systems [1][2]. Group 1: Company Overview - Suzhou Guangge Technology focuses on next-generation fiber optic sensing networks, AIoT asset operation and maintenance systems, and robotics, aiming to provide solutions for asset status monitoring and predictive maintenance [1]. - The company has established itself as a major supplier in the field of digital asset operation and maintenance management in China, with a revenue of 26.39 million yuan in Q1, reflecting a year-on-year growth of 202.25% [3]. Group 2: AI and Technology Integration - The integration of AI with IoT is seen as a transformative force in industrial production management, enabling more efficient data collection and analysis through advanced fiber optic networks [2][3]. - AI's effectiveness is closely tied to the precision of data collection, with the potential to shift from reactive maintenance to proactive intervention in asset management [3]. Group 3: Application and Development - Guangge Technology is exploring the use of embodied intelligence for mobile inspections, utilizing robots equipped with advanced sensors and AI algorithms to enhance operational efficiency [4][5]. - The company has a dedicated R&D team of over 150 members, with R&D expenses reaching 15.07 million yuan in Q1, a 6.90% increase from the previous year [6]. Group 4: Challenges in AI Implementation - The application of AI in vertical industries faces challenges due to traditional standards and the need for compatibility with existing industrial systems, which complicates the deployment of AI models [7][8]. - Guangge Technology is actively working to overcome these challenges by participating in the development of industry standards and collaborating with leading enterprises to demonstrate AI applications [8]. Group 5: Future Outlook - Despite fluctuations in certain business segments due to external factors, the company remains optimistic about the future market for AI and intelligent inspections, planning to expand into sectors such as ports, terminals, and mining [9].

证券代码：688450 证券简称：光格科技 公告编号：2025-035 苏州光格科技股份有限公司 股东减持股份结果公告 2025 年 7 月 2 日，公司收到股东基石创投发来的《北京基石创业投资基金 （有限合伙）关于股东减持股份结果的告知函》，在本次减持计划期间，股东基 本公司董事会、全体董事及相关股东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： 股东持有的基本情况 本次减持计划实施前，北京基石创业投资基金（有限合伙）（以下简称"基 石创投"）持有苏州光格科技股份有限公司（以下简称"光格科技"或"公司"） 股份 3,480,968 股，占公司股份总数的 5.27%；上述股份均系公司首次公开发行 前取得的股份，已于 2024 年 7 月 24 日起上市流通。 减持计划的实施结果情况 1 石创投通过集中竞价交易方式减持公司股份数量 990,000 股，占公司总股本的 1.50%。本次减持计划已实施完毕。现将有关减持结果情况公告如下： 2025 年 4 月 3 日，公司披露了《光格科技股东减持股份计划公告》（公告 编号：2025- ...

Market Overview - The Sci-Tech Innovation Board (STAR Market) index fell by 1.22%, closing at 982.64 points, with a total trading volume of 2.847 billion shares and a turnover of 93.68 billion yuan, resulting in a weighted average turnover rate of 1.60% [1] - Among the tradable stocks on the STAR Market, 105 stocks closed higher, with 3 stocks rising over 10% and 5 stocks rising between 5% and 10%. Conversely, 476 stocks closed lower [1] Trading Activity - The turnover rate distribution shows that 2 stocks had a turnover rate exceeding 20%, 7 stocks had a turnover rate between 10% and 20%, 51 stocks had a turnover rate between 5% and 10%, 84 stocks had a turnover rate between 3% and 5%, 305 stocks had a turnover rate between 1% and 3%, and 139 stocks had a turnover rate below 1% [1] - The stock with the highest turnover rate was Shengke Nano, which closed down 7.26% with a turnover rate of 27.87% and a transaction amount of 245 million yuan. The second highest was Kaiweite, which closed down 9.11% with a turnover rate of 23.34% and a transaction amount of 327 million yuan [1] Sector Performance - In terms of industry, the electronics and pharmaceutical sectors had the most stocks with a turnover rate exceeding 5%, each with 13 stocks [2] - Among high turnover stocks, 18 stocks experienced net inflows of main funds, with the highest net inflows seen in Daqian Energy (129 million yuan), Kexing Pharmaceutical (84.31 million yuan), and Rongbai Technology (82.93 million yuan) [2] Leverage Fund Movements - A total of 43 stocks received net purchases from leveraged funds, with notable increases in financing balances for Tailin Micro (200 million yuan), Ruikeda (8.35 million yuan), and Shengnuo Biological (7.50 million yuan). Conversely, significant decreases were observed in Rongchang Biological, Juhua Materials, and Guangda Special Materials [2] Notable Stocks - The following stocks had significant trading activity: - Shengke Nano: Latest closing price 26.56 yuan, daily change -7.26%, turnover rate 27.87%, net outflow -33.20 million yuan [3] - Kaiweite: Latest closing price 36.00 yuan, daily change -9.11%, turnover rate 23.34%, net outflow -19.64 million yuan [3] - Daqian Energy: Latest closing price 23.75 yuan, daily change +15.68%, turnover rate 7.23%, net inflow 129.11 million yuan [4]

证券代码：688450 证券简称：光格科技 公告编号：2025-034 | 回购方案首次披露日 | 2025/4/11，由公司实际控制人、董事长兼总经 | | | | --- | --- | --- | --- | | | 理姜明武先生提议 | | | | 回购方案实施期限 | 2025 年 月 10 年 4 月 9 日 | 4 | 日~2026 | | 预计回购金额 | 1,000万元~2,000万元 | | | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 □用于转换公司可转债 | | | | | □为维护公司价值及股东权益 | | | | 累计已回购股数 | 55.7605万股 | | | | 累计已回购股数占总股本比例 | 0.8449% | | | | 累计已回购金额 | 1,299.761223万元 | | | | 实际回购价格区间 | 22.16元/股~26.04元/股 | | | 一、回购股份的基本情况 苏州光格科技股份有限公司（以下简称"公司"）于 2025 年 4 月 10 日召开第 二届董事会第七次会议，审议通过了《关于以集中竞价交易方式回购公司股份方 案的议案》。本次 ...

Summary of Key Points Core Viewpoint The company has experienced a decline in cash flow from operating activities over the past two years, transitioning from positive to negative cash flow, primarily due to slower project payment cycles from downstream customers and increased labor costs associated with hiring new talent for product and industry expansion. Group 1: Supplier Relationships - In 2023, the top ten suppliers accounted for 35.17% of the annual procurement amount, with no related party transactions [1] - In 2022, the top ten suppliers accounted for 36.32% of the annual procurement amount, with Chongqing Chuangge Technology Co., Ltd. acting as both a customer and supplier [2][4] - The collaboration with Chongqing Chuangge has deepened since 2016, with total sales amounting to 10.55 million yuan from 2019 to 2024, primarily in power facility monitoring and maintenance management systems [2][3] Group 2: Labor Procurement - In 2024, the total procurement amount from the top ten labor suppliers was 29.04 million yuan, with a cost transfer of 19.15 million yuan, representing 65.96% of the total labor installation costs [6] - The company selects labor suppliers through a bidding process, considering factors such as price, quality, and delivery capabilities [7] - New labor suppliers were introduced in 2024 due to project demands, with specific examples including companies with relevant experience and qualifications [8] Group 3: Cash Flow Situation - The net cash flow from operating activities for 2022, 2023, and 2024 was 2.02 million yuan, -39.60 million yuan, and -54.59 million yuan, respectively, indicating a continuous decline [20] - The decline in cash flow is attributed to slower payment cycles from customers, increased labor costs due to hiring, and reduced tax refunds [21][22] - The company has sufficient cash reserves to meet operational needs, with 13.76 million yuan available against a projected operational cash requirement of 6.5 to 7 million yuan [25][31] Group 4: Deferred Tax Assets - The company reduced its deferred tax assets by 11.79 million yuan, primarily due to a cautious approach in recognizing temporary differences [32] - The recognition of deferred tax assets aligns with accounting standards, and the company has assessed its ability to generate sufficient taxable income to offset these assets [34][38] - The company faces risks related to the inability to offset accumulated losses within the statutory time frame, but this does not impact daily operations [37][39]

Summary of Key Points Core Viewpoint - The company is experiencing an increase in average contract and acceptance cycles, particularly in the fourth quarter of 2024, which is attributed to a concentration of project acceptance and revenue recognition during this period [2]. Group 1: Project Cycles - In Q4 2024, the average acceptance cycle was 123.61 days, an increase of 15.86 days compared to the average of 107.75 days in the first three quarters of 2024 [2]. - The average contract cycle in Q4 2024 was 173.76 days, up from 160.29 days in the first three quarters, indicating a similar trend to the acceptance cycle [2]. - The first quarter of 2025 is expected to have higher average contract and acceptance cycles than 2024, influenced by longer project durations [2]. Group 2: Employee Compensation - Employee compensation in 2024 increased by 1.8408 million, primarily due to an average increase of 5.33 employees and a 4.3% salary adjustment for sales personnel to maintain competitiveness [3]. - Sales personnel bonuses decreased by 4.01% compared to the previous year, attributed to project bidding delays and lower-than-expected contract payments [3]. - The increase in employee compensation also led to higher social insurance and provident fund contributions, as these are adjusted based on monthly salary [3]. Group 3: Sales Expenses - Sales expenses related to employee compensation grew by 11.85% in 2024 compared to 2023, driven by an increase in average sales personnel and adjustments in social insurance and provident fund bases [4]. - The company's performance decline in 2024 resulted in lower achievement of sales personnel performance indicators, leading to reduced bonuses [4]. - The company plans to enhance cost control measures to improve overall efficiency and effectiveness [4]. Group 4: Verification Procedures - Verification procedures included testing key control points and assessing the effectiveness of internal controls related to revenue recognition and project cycles [2][4]. - The company’s collaboration with agents and the rationale behind agent fees were also examined to ensure commercial viability [5]. - No direct financial transactions were found between the company and agent shareholders, confirming the legitimacy of the agent fee structure [5].

关于对苏州光格科技股份有限公司 2024 年 年度报告的信息披露监管问询函回复 之 核查意见 保荐机构 广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座 二〇二五年六月 1 上海证券交易所： 贵所于近日出具的《关于苏州光格科技股份有限公司 2024 年年度报告的信 息披露监管问询函》（上证科创公函〔2025〕0176 号，以下称"问询函"）已 收悉，中信证券股份有限公司作为保荐机构，与上市公司及上市公司审计机构 对问询函所列问题认真进行了逐项落实，现对问询函进行回复，请予审核。 2 问题1：关于主营业务和收入确认 年报显示，公司2024年营业收入为18,247.29万元，同比下降40.06%，其中， 第四季度实现收入9,387.07万元，占全年收入的51.44%。2024年公司总体毛利率 为53.86%，较上年度下降2.06个百分点，其中综合管廊业务毛利率增加24.76个 百分点。同时，公司2024年存货账面价值为9,761.91万元，同比增长118.17%， 主要系合同履约成本7,004.87万元，同比增长334.65%。此外，根据前期信息披 露，公司部分项目需要财审或结算，审核节奏和审定的金额可 ...

关于苏州光格科技股份有限公司 2024 年年度报告的信息披露监管问询函 相关问题的核查意见 容诚专字|2025|215Z0677号 容诚会计师事务所(特殊普通合伙) 中国·北京 【RSM | 容 诚 容诚 | | | | 问题 1.关于主营业务和收入确认 . | | --- | | 问题 2.关于销售费用 - | | 问题 3.关于客户和供应商 | | 问题 4.关于应收账款 | | 问题 5.关于现金流情况 - | | 问题 6.关于递延所得税资产冲回 . | 東各所(结破 北京市西城区阜成门外 10 层 1001-1 至 1001-26 ail hi @remchina com on https://www.rsm.olobal/china/ 关于苏州光格科技股份有限公司 2024 年年度报告的信息披露监管问询函 相关问题的核查意见 容诚专字[2025]215Z0677号 上海证券交易所: 根据贵所于 2025年5月27日出具的《关于苏州光格科技股份有限公司 2024 年年度报告的信息披露监管问询函》(上证科创公函[2025]0176 号,以下简称"年报 问询函")的要求,容诚会计师事务所(特殊普通合伙) ...

证券代码：688450 证券简称：光格科技 公告编号：2025-033 苏州光格科技股份有限公司 关于 2024 年年度报告的信息披露监管问询函的 回复公告 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。 重要风险提示： 基于宏观经济、行业等因素，公司对未来业绩进行预测，预测显示尽管未 来三年公司在扣减研发加计扣除前的应纳税所得额为正数，但考虑到公司研发 费用金额较大，净利润在加计扣除后应纳税所得额累计数仍为负值，可弥补亏 损金额难以在未来三年内通过实现的净利润税前弥补。公司累计确认可抵扣亏 损金额较大，同时考虑到公司持续性的研发投入，基于对长期的预测，未来期 间很可能无法获得足够的应纳税所得额用以抵扣递延所得税资产的利益，公司 存在已产生的可抵扣亏损无法在税法规定的期限内弥补的风险。如果后期出现 下游市场需求持续下降、市场竞争加剧、宏观景气度下行、国家产业政策变化、 公司客户拓展情况不及预期等情形，公司业绩可能存在持续下滑的风险。 苏州光格科技股份有限公司（以下简称"公司"或"光格科技"）于近日 收到上海证券交易所科创板 ...