证券代码：688665 证券简称：四方光电 公告编号：2025-024 四方光电股份有限公司 关于2024年年度股东大会增加临时提案的公告 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。 一、 股东大会有关情况 1. 股东大会的类型和届次： 2024年年度股东大会 | 股份类别 | | 股票代码 | 股票简称 | 股权登记日 | | --- | --- | --- | --- | --- | | A | 股 | 688665 | 四方光电 | 2025/5/23 | 二、 增加临时提案的情况说明 公司已于2025 年 4 月 28 日公告了股东大会召开通知，单独持有10%股份 的股东武汉智感科技有限公司，在2025 年 5 月 15 日提出临时提案并书面提交 股东大会召集人。股东大会召集人按照《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》有关规定，现予以公告。 2. 股东大会召开日期：2025 年 5 月 29 日 3. 股东大会股权登记日： 1. 提案人：武汉智感科技有限公司 2. 提案程序说明 3 ...

四方光电股份有限公司 证券代码：688665 证券简称：四方光电 公告编号：2025-022 关于召开 2024 年度暨 2025 年第一季度业绩说明会的 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、准确性和完整性承担法律责任。 重要内容提示： 会议召开时间：2025 年 5 月 21 日 （星期三） 10:00-11:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 5 月 14 日 （星期三） 至 5 月 20 日 （星期二）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 bod@gassensor.com.cn 进行提问。公司将在说明会上对投资者普遍关注的问题 进行回答。 四方光电股份有限公司（以下简称"公司"）已于 2025 年 4 月 18 日发布公 司 2024 年度报告，并于 2025 年 4 月 28 日发布公司 2025 年第一 ...

Investment Rating - The investment rating for the company is "Accumulate" [4] Core Views - The company has experienced rapid growth in performance over the past two quarters, with continuous advancement in various business segments, indicating a promising future [1] - The company reported a revenue of 873 million yuan for 2024, representing a year-on-year growth of 26.23%, while the net profit attributable to the parent company was 113 million yuan, a decrease of 15.03% [1] - In Q1 2025, the company achieved a revenue of 215 million yuan, a year-on-year increase of 51.88%, and a net profit of 32.75 million yuan, up 64.98% year-on-year [1] Summary by Sections Business Performance - The HVAC business saw a revenue increase of 11.57% in 2024, stabilizing after previous declines, supported by a comprehensive service capability from sensor production to complete machine solutions [2] - The industrial and safety business experienced significant growth, with a revenue increase of 136.01% in 2024, driven by products like refrigerant leak monitoring sensors [2] - The automotive electronics segment grew by 15.97% in 2024, with new projects contributing 817 million yuan [2] - The medical health business revenue decreased by 52.32% in 2024 due to normalization after a health event in 2023 [2] - The smart metering business grew by 62.37% in 2024, while the scientific instruments segment increased by 8.25% [2] - The low-carbon thermal engineering business made breakthroughs through strategic acquisitions, enhancing the supply chain for gas wall-hung boilers [2] Strategic Investments - The company strategically invested in key components of premixed condensing gas wall-hung boilers, acquiring 57.14% of Nopu Thermal Energy and 51% of Jingding Electric, integrating resources for a comprehensive supply chain solution [3] Financial Forecast and Valuation - The company is expected to achieve net profits of 155 million yuan, 207 million yuan, and 276 million yuan for 2025, 2026, and 2027 respectively, with corresponding P/E ratios of 26, 19, and 15 [4] - The company maintains a stable customer base with significant opportunities arising from the expanding market for gas sensors and analysis instruments [4]

Investment Rating - The report maintains a "Buy" rating for the company, with a target price not specified [4]. Core Views - The company has experienced rapid growth in revenue and net profit across various business segments, indicating a positive outlook for future performance [1][2]. - The company is actively expanding its market presence and enhancing its product offerings, particularly in HVAC, industrial safety, automotive electronics, medical health, smart metering, and scientific instruments [2][3]. Summary by Sections Financial Performance - In 2024, the company achieved revenue of 873 million yuan, a year-on-year increase of 26.23%, while the net profit attributable to the parent company was 113 million yuan, a decrease of 15.03% [1]. - For Q1 2025, the company reported revenue of 215 million yuan, a year-on-year increase of 51.88%, and a net profit of 32.75 million yuan, up 64.98% [1]. Business Segments - HVAC business revenue grew by 11.57% in 2024, stabilizing after previous declines, supported by a comprehensive service capability [2]. - Industrial and safety business revenue surged by 136.01%, driven by products like refrigerant leak monitoring sensors [2]. - Automotive electronics revenue increased by 15.97%, with significant project deliveries and new product developments [2]. - Medical health business revenue declined by 52.32% due to normalization after a health event in 2023 [2]. - Smart metering business revenue grew by 62.37%, while scientific instruments revenue increased by 8.25% [2]. Strategic Investments - The company made strategic investments in key components for gas wall-hung boilers, acquiring significant stakes in Nopu Thermal Energy and Jingding Electric, enhancing its supply chain capabilities [3]. Profit Forecast - The company is expected to achieve net profits of 155 million yuan, 207 million yuan, and 276 million yuan for 2025, 2026, and 2027 respectively, with corresponding P/E ratios of 26, 19, and 15 [4].

Core Viewpoint - Sifang Optoelectronics Co., Ltd. reported a revenue increase of 26.23% to 873.13 million yuan, but net profit decreased by 15.03% due to increased R&D and market expansion efforts, while the medical health business experienced a decline [2][3]. Financial Performance - The company achieved operating income of 873.13 million yuan, a year-on-year increase of 26.23%, primarily driven by growth in automotive electronics, scientific instruments, and smart metering sectors, while the medical health business saw a decline [4][5]. - Net profit attributable to shareholders was approximately 112.75 million yuan, down 15.03% year-on-year, mainly due to increased expenses related to sustainable development initiatives [5][6]. - R&D expenses increased by 37.60% to 113.16 million yuan, accounting for 12.96% of operating income [7]. Business Segments - The HVAC business saw a revenue increase of 11.57%, while the industrial and safety business grew by 136.01%. The automotive electronics business revenue rose by 15.97%. However, the medical health business revenue declined by 52.32% [8]. - The company operates in various sectors, including HVAC, industrial safety, automotive electronics, medical health, smart metering, and scientific instruments, with a focus on gas sensing technology [10][11]. Market Expansion and R&D - The company has established 12 specialized laboratories equipped with over 100 advanced instruments to support technological innovation [8]. - The workforce includes 382 R&D personnel, with a significant proportion holding master's degrees or higher [7]. Awards and Recognition - The company and its subsidiaries received multiple awards, including recognition as a "Prominent Contribution Unit" in Wuhan and "Innovative Small and Medium Enterprises" in Hubei Province [12].

Investment Rating - The investment rating for the company is "Buy-A" with a target price of 45.89 CNY per share [4]. Core Insights - The company reported a significant revenue growth of 26.23% year-on-year, reaching 873 million CNY in 2024, although the net profit decreased by 15.03% to 113 million CNY [1][2]. - In Q1 2025, the company achieved a revenue of 215 million CNY, marking a 51.88% increase year-on-year, with a net profit of 33 million CNY, up 64.98% [1]. - The company is focusing on multiple business segments, including automotive electronics, scientific instruments, and industrial safety, which are showing strong growth potential [2][3]. Revenue and Profitability - The overall gross margin for 2024 was 42.34%, a decrease of 2.8 percentage points year-on-year, while the net profit margin was 12.94%, down 6.58 percentage points [2]. - The company expects revenues of 1.03 billion CNY, 1.22 billion CNY, and 1.40 billion CNY for 2025, 2026, and 2027 respectively, with net profits projected at 131 million CNY, 174 million CNY, and 200 million CNY [9][11]. Business Segment Performance - The HVAC business saw a recovery with a sales increase of 11.57% year-on-year, supported by new partnerships and a full-service production capability [7]. - The industrial and safety business experienced rapid growth, with a sales increase of 136% year-on-year, driven by new product certifications and market expansions [7]. - The automotive electronics segment also showed steady growth, with a revenue increase of 15.97% year-on-year, benefiting from new customer acquisitions [8].

关于召开2024年年度股东大会的通知 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） 股东大会类型和届次 2024年年度股东大会 召开日期时间：2025 年 5 月 29 日 15 点 00 分 召开地点：武汉市东湖新技术开发区凤凰产业园凤凰园三路 3 号公司会议室 （五） 网络投票的系统、起止日期和投票时间。 证券代码：688665 证券简称：四方光电 公告编号：2025-021 四方光电股份有限公司 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 29 日 至2025 年 5 月 29 日 股东大会召开日期：2025年5月29日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 （二） 股东大会召集人：董事会 （三） 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 （四） 现场会议召开的日期、时间和地点 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大会召开当 ...

Financial Performance - The company's operating revenue for Q1 2025 was CNY 215,470,777.38, representing a 51.88% increase compared to CNY 141,871,852.46 in the same period last year[4]. - Net profit attributable to shareholders was CNY 32,751,739.40, up 64.98% from CNY 19,851,687.19 year-on-year[4]. - The net profit after deducting non-recurring gains and losses increased by 89.38%, reaching CNY 31,998,537.77 compared to CNY 16,896,491.77 in the previous year[4]. - Basic and diluted earnings per share were both CNY 0.33, reflecting a 65.00% increase from CNY 0.20 in the same quarter last year[4]. - Operating profit for Q1 2025 was ¥37,938,675.09, up 74.0% from ¥21,795,905.89 in Q1 2024[20]. - Net profit for Q1 2025 was ¥32,350,231.77, representing a 59.3% increase compared to ¥20,300,343.95 in Q1 2024[20]. Research and Development - The company's R&D investment totaled CNY 27,260,267.46, a 34.00% increase from CNY 20,343,203.41 in the previous year[4]. - Research and development expenses for Q1 2025 were ¥27,260,267.46, up 33.9% from ¥20,343,203.41 in Q1 2024[19]. - The proportion of R&D investment to operating revenue decreased by 1.69 percentage points to 12.65%[5]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,573,786,025.84, a 1.29% increase from CNY 1,553,680,412.01 at the end of the previous year[5]. - The company's total assets amounted to RMB 1,573,786,025.84, an increase from RMB 1,553,680,412.01 as of December 31, 2024, reflecting a growth of approximately 1.4%[15]. - Total liabilities decreased to ¥463,840,593.00 in 2025 from ¥481,682,754.73 in 2024, a reduction of approximately 3.5%[17]. - Non-current liabilities increased to ¥88,370,064.27 in 2025 from ¥61,557,937.89 in 2024, an increase of 43.5%[17]. - The total liabilities increased to RMB 1,573,786,025.84, reflecting a rise in financial obligations[16]. Cash Flow - Cash inflow from operating activities for Q1 2025 was $204.70 million, up from $142.29 million in Q1 2024, representing an increase of 43.8%[23]. - Net cash flow from operating activities was -$27.78 million in Q1 2025, slightly worse than -$26.39 million in Q1 2024[23]. - Cash inflow from investment activities was $33.30 million in Q1 2025, compared to $290,300 in Q1 2024, indicating a significant increase[24]. - Net cash flow from investment activities improved to $15.03 million in Q1 2025 from -$37.93 million in Q1 2024[24]. - Cash inflow from financing activities totaled $63.68 million in Q1 2025, while there was no inflow recorded in Q1 2024[24]. - Net cash flow from financing activities was $37.83 million in Q1 2025, a recovery from -$304,591 in Q1 2024[24]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 4,849[10]. - The largest shareholder, Wuhan Youhui Technology Co., Ltd., holds 45.00% of the shares, totaling 45,045,000 shares[11]. - The company has not reported any significant changes in shareholder relationships or actions during the reporting period[13].

国泰海通证券股份有限公司关于四方光电股份有限公司 首次公开发行股票并在科创板上市 之保荐总结报告书 | 保荐机构名称： | 国泰海通证券股份有限公司 | | --- | --- | | 保荐机构编号： | Z29131000 | 经中国证券监督管理委员会《关于同意四方光电股份有限公司首次公开发行股 票注册的批复》（证监许可[2021]6 号）同意，四方光电股份有限公司（以下简称"公 司"、"上市公司"）首次公开发行股票 1,750 万股，每股面值人民币 1 元，每股 发行价格人民币 29.53 元，募集资金总额为人民币 51,677.50 万元，扣除发行费用后， 实际募集资金净额为人民币 45,679.23 万元。本次发行证券已于 2021 年 2 月 9 日在 上海证券交易所科创板上市。国泰海通证券股份有限公司（以下简称"保荐机构" 或"国泰海通"）担任其持续督导保荐机构，持续督导期间为 2021 年 2 月 9 日至 2024 年 12 月 31 日。 2024 年 12 月 31 日，持续督导期已届满，国泰海通根据《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》《上海证券交易所科创 ...

上海证券交易所： 国泰海通证券股份有限公司 经中国证券监督管理委员会于 2021 年 1 月 5 日出具的《关于同意四方光电 股份有限公司首次公开发行股票注册的批复》（证监许可[2021]6 号）批准，四方 光电股份有限公司（以下简称"公司"）向社会公众首次公开发行人民币普通股 （A 股）股票 1,750.00 万股，每股面值 1 元，发行价格为每股人民币 29.53 元， 募集资金总额为人民币 51,677.50 万元，扣除发行费用 6,004.88 万元，募集资金 净额为 45,672.62 万元。本次发行证券已于 2021 年 2 月 9 日在上海证券交易所上 市。国泰海通证券股份有限公司（以下简称"国泰海通"、"保荐机构"）担任其持 续督导保荐机构，持续督导期间为 2021 年 2 月 9 日至 2024 年 12 月 31 日。 根据《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》《上海证券交易所上市公司自律监管指引第 11 号——持续督导》《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》等有关法律、法规 要求，国泰海通作为持续督导保荐机构，分别于 2025 ...