（二）部分或全部收购其他境内、外与公司业务关联的经济实体； 四方光电股份有限公司 对外投资管理制度 四方光电股份有限公司 对外投资管理制度 第一章 总则 第一条 为建立规范、有效、科学的投资决策体系和机制，避免投资决策失 误，化解投资风险，提高投资经济效益，实现四方光电股份有限公司（以下简称 "公司"）资产的保值增值，根据法律、法规和相关规定及《四方光电股份有限公 司章程》（以下简称《公司章程》）的规定，特制定本制度。 第二条 本制度所称的对外投资是指公司（含控股子公司）在境内外进行的 下列以赢利或保值增值为目的的投资行为，对外投资主要指以下几种情况之一： （一）独资或与他人合资新设企业的股权投资； （三）对现有或新增投资企业的增资扩股、股权收购投资； （四）收购其他公司资产； （五）投资交易性金融资产、可供出售金融资产、持有至到期投资； （六）委托理财、委托贷款； （七）公司本部经营性项目及资产投资； （八）其他投资。 第三条 投资管理应遵循的基本原则： （一）符合国家产业政策，符合公司的经营宗旨； （二）有利于加快公司持续、协调发展，提高核心竞争力和整体实力，促进 股东价值最大化； （三）有利于促进资源的 ...

分红管理制度 四方光电股份有限公司 分红管理制度 四方光电股份有限公司 第三条 公司董事会应当综合考虑所处行业特点、发展阶段、自身经营模式、 盈利水平、债务偿还能力、是否有重大资金支出安排和投资者回报等因素，区分 下列情形，并按照《公司章程》规定的程序，提出差异化的现金分红政策： （一）公司发展阶段属成熟期且无重大资金支出安排的，进行利润分配时， 现金分红在本次利润分配中所占比例最低应当达到百分之八十； （二）公司发展阶段属成熟期且有重大资金支出安排的，进行利润分配时， 现金分红在本次利润分配中所占比例最低应当达到百分之四十； （三）公司发展阶段属成长期且有重大资金支出安排的，进行利润分配时， 现金分红在本次利润分配中所占比例最低应当达到百分之二十； 公司发展阶段不易区分但有重大资金支出安排的，可以按照前款第（三）项 规定处理。 现金分红在本次利润分配中所占比例为现金股利除以现金股利与股票股利 之和。 第四条 公司实施连续、稳定的利润分配政策，公司在盈利、现金流满足公 第一章 总则 第一条 为进一步规范四方光电股份有限公司（以下简称"公司"）分红行为， 推动公司建立科学、持续、稳定的分红机制，保护中小投资者合 ...

四方光电股份有限公司 董事和高级管理人员薪酬管理制度 四方光电股份有限公司 董事和高级管理人员薪酬管理制度 第一章 总则 第一条 为进一步完善四方光电股份有限公司（以下简称"公司"）治理结 构，加强和规范公司董事、高级管理人员薪酬的管理，建立和完善有效的激励与 约束机制，充分调动董事、高级管理人员的工作积极性和创造性，促进公司的持 续健康发展，根据《中华人民共和国公司法》《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板上市公司自律监管指引第 1 号——规范运作》等 法律、法规、规范性文件以及《四方光电股份有限公司章程》（以下简称《公司 章程》）的有关规定，结合公司实际情况，制定本制度。 第二条 本制度所称董事、高级管理人员是指由股东会或者董事会批准任命 的全体董事、总裁、副总裁、董事会秘书、财务负责人等高级管理人员。 第三条 公司董事、高级管理人员的薪酬与公司效益及工作目标紧密结合， 与公司长远发展和股东利益相结合。 第四条 公司董事、高级管理人员薪酬分配遵循以下基本原则： （一）按劳分配与责、权、利相匹配的原则； （二）个人收入水平与公司效益及工作目标挂钩的原则； （三）薪酬与公司长远利益相结合 ...

四方光电股份有限公司 董事会专门委员会工作制度 四方光电股份有限公司 董事会专门委员会工作制度 一、董事会审计委员会工作制度 第二条 董事会审计委员会是按照董事会决议设立的专门工作机构，主要负 责审核公司财务信息及其披露、监督及评估内外部审计工作和内部控制。 第二章 人员组成 第三条 审计委员会成员由不少于三名董事组成，审计委员会成员应当为不 在公司担任高级管理人员的董事，其中独立董事人数应占到审计委员会成员总数 的半数以上，委员中至少有一名独立董事为会计专业人士。审计委员会成员应当 具备履行审计委员会工作职责的专业知识和经验，监督及评估内外部审计工作， 促进公司建立有效的内部控制并提供真实、准确、完整的财务报告，应当履行下 列职责。 第四条 审计委员会委员由董事长、二分之一以上独立董事或者全体董事的 三分之一提名，并由董事会选举产生。 1 第一章 总则 第一条 为强化董事会的决策功能，做到事前审计、专业审计，确保董事会 对经营管理层的有效监督，完善公司治理结构，根据《中华人民共和国公司法》 《上市公司治理准则》等法律法规、规范性文件和《四方光电股份有限公司章程》 （以下简称《公司章程》）及其他有关规定，公司 ...

每经AI快讯，四方光电（SH 688665，收盘价：49.67元）12月26日晚间发布公告称，公司董事会于近日 收到公司财务负责人肖学武先生递交的书面辞职报告，肖学武先生因个人原因申请辞去公司财务负责人 职务，辞职后不再担任公司任何职务。为确保公司财务管理工作顺利开展，经公司总裁提名，提名委员 会和审计委员会资格审查通过，审议并通过了《关于聘任公司财务负责人的议案》，同意聘任敖鸣女士 为公司财务负责人。 每经头条（nbdtoutiao）——对话马斯克脑机接口"一号受试者"：大脑植入芯片23个月，我正重新夺回 人生的独立 （记者 贾运可） 2024年1至12月份，四方光电的营业收入构成为：其他占比48.46%，汽车电子占比28.48%，暖通空调占 比22.21%，其他业务占比0.84%。 截至发稿，四方光电市值为50亿元。 ...

Investment Rating - The investment rating for the company is "Buy-A" (maintained) [1] Core Views - The company is experiencing a growth phase with significant revenue and profit increases, driven by new product launches and market expansion [4][11] - The company has successfully developed a range of refrigerant leak detection sensors, which are expected to become a continuous growth driver [6] - The semiconductor gas instruments sector presents substantial potential for domestic substitution, with the company already securing orders from major domestic semiconductor equipment manufacturers [7] - The international market expansion is showing initial success, with overseas revenue increasing significantly [10] Financial Performance - For the first three quarters of 2025, the company achieved revenue of 722 million yuan, a year-on-year increase of 33.56%, and a net profit of 107 million yuan, up 74.20% [4] - In Q3 2025, the company reported revenue of 214 million yuan, a year-on-year increase of 6.75%, and a net profit of 23 million yuan, up 14.39% [5] - The gross margin for Q3 2025 was 42.30%, with a net profit margin of 11.02% [5] Future Projections - Revenue projections for 2025-2027 are 1.098 billion yuan, 1.428 billion yuan, and 1.880 billion yuan, representing year-on-year growth rates of 25.8%, 30.0%, and 31.7% respectively [11] - Net profit projections for the same period are 157 million yuan, 221 million yuan, and 325 million yuan, with corresponding year-on-year growth rates of 39.2%, 41.0%, and 46.8% [11] Market Position and Strategy - The company is enhancing its global footprint by establishing subsidiaries in the US and South Korea, contributing to nearly 30% of revenue from overseas markets [10] - The company is focusing on cost control and has seen improvements in expense management, which is expected to stabilize as sales scale up [5]

Core Insights - The central theme emphasizes the strong support from the national level for private enterprises, reinforcing the idea that they are considered "one of their own" by the government [1] - The transformation of macro-level confidence into visible urban vitality in Wuhan is highlighted, showcasing various events and initiatives that reflect economic activity and innovation [1][2] - The significant growth of private enterprises in Wuhan, with over 115 million private companies contributing to the city's economic landscape, is underscored [2] Economic Performance - Wuhan's GDP reached 15,537.82 billion yuan in the first three quarters of 2025, marking a 5.6% year-on-year increase [2] - The private economy's added value surpassed 1 trillion yuan in 2024, indicating a historic milestone [2] - In 2025, Wuhan saw the establishment of 182,000 new private enterprises, the highest growth rate among sub-provincial cities in China [2] Structural Changes - The data reflects not just economic recovery but also a profound structural transformation within Wuhan's economy [2] - Emerging industries such as industrial robots and optoelectronic information experienced growth rates exceeding 70% [2] Government Initiatives - The Wuhan government is shifting from a traditional management role to a more efficient service-oriented approach, facilitating business operations [5][6] - Reforms such as "certificate separation" and "one-stop service" have streamlined processes for business registration, significantly reducing time and costs [6] Business Environment - The establishment of fair rules and trust is crucial for a healthy business environment, with initiatives like "double random, one public" regulation minimizing human intervention [7] - The government adopts a flexible enforcement philosophy, encouraging innovation and allowing for trial and error in business operations [7] Private Sector Growth - By mid-2025, the total number of private enterprises in Wuhan exceeded 1.15 million, making it the fifth sub-provincial city in China to surpass one million [8] - A diverse ecosystem of private enterprises is emerging, ranging from traditional giants to innovative "hidden champions" and "unicorns" [8][9][10] Globalization of Enterprises - Wuhan's private enterprises are evolving from merely exporting products to integrating technology, models, and supply chains on a global scale [11] - Companies like Jianyi Technology and Jiachen Electronics are successfully entering international markets with innovative products and collaborative research [11][12] Urban and Enterprise Synergy - The relationship between the city and enterprises is characterized by mutual growth, with private enterprises contributing significantly to local tax revenue and employment [13][14] - The supportive environment provided by the city fosters innovation and risk-taking among businesses, leading to a vibrant economic landscape [14]

Core Insights - The article emphasizes the importance of both technological innovation and effective management in driving a company's success, likening governance and management to an open-book exam while innovation is a closed-book exam [1] Company Overview - Sifang Optoelectronics, founded in 2003 in Wuhan, focuses on the research, production, and sales of smart gas sensors and high-end gas analyzers, and successfully listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board in 2021 [4] - The company has established itself as an "invisible champion" in its niche, with products spanning seven major sectors including HVAC, industrial safety, automotive electronics, healthcare, and smart metering [4] Financial Performance - Sifang Optoelectronics has shown impressive financial growth, with revenue increasing from 547 million yuan in 2021 to an expected 873 million yuan in 2024, reflecting a compound annual growth rate (CAGR) of 17.2% [4] - In the first half of 2025, the company reported revenue of 508 million yuan, a year-on-year increase of 49.36%, and a net profit of 84.12 million yuan, up 103.41% year-on-year, showcasing strong performance compared to peers [4] Growth Strategy - The company's growth strategy is rooted in long-term value creation, focusing on operational improvements for low-cost operations and continuous investment in technological innovation [5] - R&D investment reached 58 million yuan in the first half of 2025, a 22.58% increase year-on-year, accounting for 11.45% of revenue, which supports product iteration and technological breakthroughs [5] Leadership and Management - The chairman, Xiong Youhui, positions himself as both a strategic leader and a hands-on manager, focusing on smart, green, and healthcare industry trends while ensuring operational efficiency through meticulous management [6] - Xiong emphasizes the importance of governance and management, stating that without effective management, even the best technological innovations will ultimately fail [6] Market Opportunities - The company is optimistic about future growth, driven by the expanding applications of sensors in smart transformation, green development, and healthcare upgrades, which are creating a broad market demand [8] - Sifang Optoelectronics has built multiple competitive barriers, including strong customer relationships, enhanced production efficiency through automation, and a solid foundation of technological capabilities [8] Innovation and Talent Development - The company views industry "involution" as a catalyst for innovation, pushing businesses to explore new markets and demands through technological advancements [9] - Talent development is seen as a long-term investment, with initiatives in place to cultivate talent and ensure a robust workforce for future growth [9] Value Management - Sifang Optoelectronics adopts a long-term perspective on market value management, focusing on sustainable business growth rather than short-term market fluctuations [10] - The company prioritizes effective communication with investors to reduce information asymmetry and convey its strategic vision and growth logic [10]

Core Viewpoint - The company, Sifang Optoelectronics, emphasizes that its battery thermal runaway sensors are crucial for enhancing safety and quality control in the solid-state battery sector [1] Group 1 - Investors inquired whether solid-state batteries still require the company's thermal runaway sensors [1] - The company's response highlights the focus of its sensor products on improving battery safety and production quality control in the solid-state battery field [1]

Core Viewpoint - The company focuses on enhancing battery safety and production quality control through its sensor products in the solid-state battery sector [1] Group 1 - The company's sensor products are specifically applied in the solid-state battery field [1] - The application of these sensors aims to improve battery safety [1] - The sensors also play a role in production quality control [1]