国信证券股份有限公司 关于广东奥普特科技股份有限公司部分募投项目结项并将 剩余募集资金永久补充流动资金、部分募投项目终止并将 依据中国证券监督管理委员会出具的《关于同意广东奥普特科技股份有限公 司首次公开发行股票注册的批复》（证监许可〔2020〕3176号），公司首次公开 发行人民币普通股（A股）2,062.00万股，募集资金总额为人民币161,846.38万元， 扣除发行费用（不含增值税）8,249.48万元后，募集资金净额为153,596.90万元。 本次发行募集资金已于2020年12月28日全部到位，天职国际会计师事务所（特殊 普通合伙）于2020年12月28日对本次发行募集资金的到位情况进行了审验，并出 具了《验资报告》（天职业字〔2020〕42265号）。 二、募投项目基本情况 截至2025年6月30日，公司募集资金扣除发行费用后承诺投资项目及募集资 金使用情况如下（未经审计）： 1 | 序 | | 募集资金承诺 | 已累计投 | | | | --- | --- | --- | --- | --- | --- | | 号 | 项目 | 投入（万元） | 入（万 | 投资进度 | 结项状态 | | | ...

根据调研日期截止日统计，近10日（7月2日至7月15日），海外机构对50家上市公司进行调研，其中， 汇川技术最受关注，被59家海外机构密集调研。 证券时报·数据宝统计显示，近10日共有354家公司获机构调研，调研机构类型显示，证券公司调研达 316家，占比最多；基金公司调研245家，位列其后；海外机构共对50家上市公司进行走访。 海外机构调研榜单中，汇川技术参与调研的海外机构达到59家，最受关注；其次是奥普特，参与调研的 海外机构共有31家。 从股价表现看，获海外机构调研股近10日平均上涨2.62%。其中，股价上涨的有博汇股份、隆扬电子 等，表现最好的是博汇股份，累计涨幅为30.38%。股价下跌的有20只，跌幅最大的是乖宝宠物，累计 跌幅为19.98%。 | 688210 | 统联精密 | 1 | 24.03 | 2.86 | 电子 | | --- | --- | --- | --- | --- | --- | | 001270 | *ST铖昌 | 2 | 39.90 | 2.81 | 国防军工 | | 688097 | 博众精工 | 2 | 28.48 | 2.45 | 机械设备 | | 301029 | ...

Group 1 - The core viewpoint of the article highlights that OptoTech is undergoing a productization strategy upgrade to enhance brand value and market coverage capabilities [1] - OptoTech successfully held four ecological cooperation salons in 2024, attracting 160 participating companies, with plans to expand its ecological layout in 2025 through a series of activities in multiple cities [1] - The company aims to improve product standardization by parallelizing customization and standards, enhancing product capabilities, and promoting the sales of standard solutions and products [1] Group 2 - OptoTech has a strong foundation in industrial automation technology, with products that include various cameras and sensors, and has acquired Tailai Automation Technology Co., Ltd. [1] - The expansion into overseas markets is expected to create new market space and enhance the company's technological and product competitiveness, aligning with international leading enterprises [1] - The projected revenue growth rate for 2025 is not less than 20%, excluding revenue from acquired entities, supported by factors such as increased machine vision penetration, improved customer awareness, industrial technology iteration, global layout, and core competitive advantages [1]

Group 1 - The report highlights optimism for the export of air separation equipment and the development of smart fire safety systems under urban renewal policies, indicating a market space exceeding 100 billion yuan for air separation equipment [3][13][14] - Air separation equipment is crucial for producing industrial gases and is widely used in various industries such as coal chemical, petrochemical, metallurgy, and nuclear power [3][13] - The company Fostar has established a strong brand presence in overseas markets due to its quality certifications, customer resources, project experience, and competitive pricing [14][15][16] Group 2 - Urban renewal policies have been continuously introduced since 2025, focusing on creating livable, resilient, and smart cities, which has led to a significant demand for upgrading fire safety systems in older residential areas [3][17][18] - The report mentions that as of the end of 2024, contracts for urban renewal projects in Beijing have exceeded 50%, indicating a robust market for fire safety equipment upgrades [19] - Qingniao Fire Safety, a leading company in fire alarm systems, is actively exploring the market for upgrading fire safety equipment in existing buildings, focusing on intelligent upgrades and integrated safety solutions [19] Group 3 - The probe station market, a key testing equipment in semiconductor manufacturing, has shown strong growth potential, with a compound annual growth rate (CAGR) of 22.28% from 2013 to 2023 in mainland China [5][14] - The demand for probe stations is closely linked to advancements in semiconductor manufacturing processes and increased production volumes, with domestic leaders like Xidian accelerating the pace of domestic substitution [5][14] - The report indicates that Xidian's market share in China reached 25.7% in 2023, reflecting a strengthening trend towards domestic replacement of imported equipment [5][14]

General Principles - The purpose of the fundraising management measures is to standardize the management and use of funds raised by the company, protect investors' rights, and comply with relevant laws and regulations [1][2] - The company must establish internal control systems for the storage, management, use, and supervision of raised funds, including approval authority and decision-making procedures [2][3] Fund Storage - The company must store raised funds in a dedicated account approved by the board of directors, ensuring that these funds are not mixed with other accounts [3][4] - A tripartite supervision agreement must be signed with the sponsor or independent financial advisor and the commercial bank within one month of the funds being in place [3][4] Fund Usage - Funds raised must be used according to the purposes stated in the prospectus and cannot be changed without proper procedures [5][6] - The company is required to conduct feasibility studies and re-evaluate projects if certain conditions arise, such as significant market changes or delays in project implementation [6][12] Project Changes - Any changes to the use of raised funds must be approved by the board of directors and disclosed to shareholders [12][13] - New projects must align with the company's main business and enhance its competitive and innovative capabilities [12][24] Fund Management and Supervision - The company must disclose the actual use of raised funds accurately and completely, and the board should monitor the management of these funds regularly [27][28] - Independent financial advisors are responsible for ongoing supervision and must report any irregularities [15][30] Use of Excess Funds - Excess funds can be used for permanent working capital and repaying bank loans, subject to shareholder approval [33][34] - The company must provide a clear plan for the use of excess funds, ensuring they are invested in main business projects [39][19]

General Principles - The rules are established to protect the legal rights of shareholders and clarify the responsibilities and powers of the shareholders' meeting in accordance with relevant laws and regulations [1][2] - The company must strictly follow legal and regulatory requirements when convening shareholders' meetings to ensure shareholders can exercise their rights [1][2] - The shareholders' meeting is the company's decision-making body and must operate within the scope defined by laws and the company's articles of association [1][3] Types of Meetings - The company shall hold an annual shareholders' meeting once a year within six months after the end of the previous fiscal year [2] - Temporary shareholders' meetings must be convened within two months of certain events, such as insufficient directors or significant losses [2][3] Meeting Convening - The board of directors is responsible for convening the shareholders' meeting within the stipulated time [6] - Independent directors can propose a temporary shareholders' meeting, and the board must respond within ten days [6][8] Proposals and Notifications - Proposals must fall within the powers of the shareholders' meeting and be clearly defined [13] - The company must notify shareholders of the meeting at least 20 days in advance for annual meetings and 15 days for temporary meetings [15][18] Voting and Resolutions - Voting at the shareholders' meeting is conducted by registered ballot, with ordinary resolutions requiring a simple majority and special resolutions requiring two-thirds majority [34][35] - Related shareholders must abstain from voting on transactions that involve them [38] Meeting Records - The company must maintain accurate records of the meeting, including details of attendees, proposals, and voting results [54][55] - Meeting records must be preserved for at least ten years [55] Amendments and Effectiveness - The rules become effective upon approval by the shareholders' meeting and can be amended similarly [56][57] - Any matters not covered by these rules will be governed by relevant national laws and the company's articles of association [58]

Core Points - The company establishes a Nomination Committee to enhance its corporate governance structure and regulate the selection of senior management and board members [2][3] - The committee consists of three directors, with at least half being independent directors, and is responsible for proposing candidates for the board and senior management [3][4] - The committee's main responsibilities include researching selection criteria, reviewing candidates, and making recommendations to the board [10][11] Group 1: Committee Structure - The committee is composed of three directors, with a majority being independent directors [3][4] - The committee's chairperson is an independent director, elected by the board [3][4] - If the number of committee members falls below two-thirds, the board must promptly appoint new members [4][8] Group 2: Responsibilities and Authority - The committee is tasked with proposing candidates for directors and senior management, as well as reviewing their qualifications [10][11] - The committee must submit its proposals to the board, which is required to respect the committee's recommendations unless there is sufficient evidence to the contrary [11][12] - The committee can seek professional advice from external agencies if necessary, with costs borne by the company [12][13] Group 3: Meeting Procedures - Committee meetings require the presence of at least two-thirds of the members to be valid, and decisions must be approved by a majority [8][9] - Meetings can be held in person or via electronic means, and members can delegate their voting rights to another member [9][10] - Meeting notifications must be sent at least three days in advance, detailing the time, location, and agenda [7][8] Group 4: Documentation and Compliance - Meeting minutes must be recorded, signed by attendees, and maintained for at least ten years [10][11] - The committee's rules are subject to national laws and the company's articles of association, with the board holding the interpretation rights [36][37]

Core Viewpoint - The implementation rules for cumulative voting at Ying Shi Innovation Technology Co., Ltd. aim to protect the interests of minority shareholders and improve the corporate governance structure [1]. Group 1: Cumulative Voting System - The cumulative voting system allows shareholders to have voting rights equal to the number of shares they hold multiplied by the number of directors to be elected, enabling them to concentrate or distribute their votes among candidates [1][2]. - The election of independent and non-independent directors will be conducted separately to ensure compliance with the company's articles of association [2]. Group 2: Voting Procedures - Before voting, the meeting host must inform shareholders about the cumulative voting method, and the board must provide suitable ballots [2]. - The calculation of cumulative votes will be based on the total votes cast, and any discrepancies will be verified immediately if contested [2][3]. Group 3: Election Outcomes - A candidate is elected if the cumulative votes in favor exceed the sum of votes against and abstentions [3][4]. - If the number of elected directors is less than required, a second round of voting will occur, and if still unresolved, a new shareholders' meeting will be convened within two months [3][4]. Group 4: Implementation and Amendments - The rules will take effect after being approved by the shareholders' meeting, and any amendments will follow the same procedure [4][5]. - In case of inconsistencies between these rules and relevant laws or the company's articles of association, the latter will prevail [5].

Investment Rating - The report maintains a "Buy" rating for the company, expecting a relative increase of over 15% in stock price compared to the benchmark index within the next 6 to 12 months [3][11]. Core Views - The company is actively expanding into the field of embodied intelligence and AI quality inspection, which are seen as key growth areas. The report highlights the company's efforts in developing a comprehensive system for humanoid robots that integrates perception, decision-making, and execution [4][6]. - The AI quality inspection sector is identified as one of the fastest-growing applications of AI in manufacturing, with the company leading in this area through innovative platforms and technologies [6][8]. - The report adjusts profit forecasts for the company, projecting net profits of 210 million, 265 million, and 327 million yuan for 2025 to 2027, respectively, reflecting a strong growth trajectory [3][8]. Summary by Sections Financial Performance - Revenue projections for the company are as follows: 911 million yuan in 2024, 1,103 million yuan in 2025, 1,331 million yuan in 2026, and 1,595 million yuan in 2027, with growth rates of -3% in 2024 and 21% in subsequent years [3][9]. - The company's net profit is expected to recover significantly, with a forecasted growth rate of 54% in 2025 and 26% in 2026 [3][9]. Business Development - The company is enhancing its product offerings in the humanoid robot sector, focusing on AI, vision, and motion control technologies. This includes the acquisition of Dongguan Tailai to enter the linear motor market [4][5]. - The report emphasizes the importance of AI quality inspection in various industries, particularly in the 3C sector, where the company has established multiple successful case studies [7][8]. Market Trends - The humanoid robot industry is experiencing rapid growth, with increasing demand in industrial, medical, and logistics applications. The report suggests that as technology matures, there will be significant opportunities in the consumer market as well [5][6].

Group 1 - Foreign institutions conducted a total of 4,766 research visits to A-share companies in the first half of 2025, with over 1,000 visits to companies on the Shenzhen Main Board, ChiNext, and STAR Market [2][3] - Huichuan Technology was the most favored A-share company, receiving 485 visits from foreign institutions, followed by Mindray Medical with 299 visits [3] - Point72, a prominent hedge fund, led the research visits with 116 in the first half of 2025, focusing on 84 companies including Huichuan Technology, Xiaogoods City, and Aopute [3] Group 2 - Multiple foreign institutions hold an optimistic view on the performance of A-shares in the second half of 2025, citing strong market resilience and increased confidence in Chinese assets [3][4] - Morgan Stanley Fund believes that the current external environment does not pose substantial pressure on A-shares, viewing short-term disturbances as manageable [4] - Invesco's CIO for mainland China and Hong Kong anticipates the continuation and expansion of the "old for new" consumption policy, which is expected to drive economic growth in the coming months [4]