Group 1: Financial Performance - In the first three quarters of 2024, the company achieved a total revenue of 4.54 billion CNY, with a net profit attributable to shareholders of 1.04 billion CNY [2] - The proposed cash dividend is 2.00 CNY per share (including tax), amounting to a total distribution of approximately 1.85 billion CNY, which represents 46.32% of the net profit for the first three quarters [2] Group 2: Research and Development - The company invested 30.9962 million CNY in R&D during the first three quarters of 2024, reflecting a year-on-year increase of 1.44% [3] - A project in collaboration with the Southwest Institute of Physics on "High Sensitivity Leak Detection Technology for Large Complex Components in Fusion Reactors" won the first prize in the Sichuan Provincial Science and Technology Progress Award [3] Group 3: Market Strategy and Future Plans - The company plans to enhance shareholder returns through cash dividends, stock incentives, and commitments from major shareholders not to reduce their stakes during specific periods [3] - Future strategies include focusing on core business areas such as microwave devices and nuclear industry equipment, while also expanding into new markets and enhancing technological innovation [3] - The company aims to accelerate the development of innovative products and strengthen collaborations in the nuclear energy sector to achieve sustainable growth [4] Group 4: Recent Developments - The company recently secured new orders in the nuclear industry, including a project with Fusion New Energy (Anhui) Co., Ltd. for a tritium-compatible booster system [4]

Group 1: Company Overview - Chengdu Guoguang Electric Co., Ltd. specializes in microwave devices and has over 60 years of production experience [1] - The company operates in various fields including radar, satellite communication, nuclear industry, and new energy [1] - Expected net profit for 2024 is 4.32867 billion CNY [1] Group 2: Financial Performance - In the first three quarters of 2024, the company achieved operating revenue of 4.54 billion CNY, a year-on-year decrease of 20.53% [1] - Non-recurring net profit for the same period was 385.57 million CNY, down 21.35% year-on-year [1] Group 3: Business Segments - The military products segment remains stable, but its proportion is decreasing due to the rapid increase in nuclear industry products [2] - Key products in the electric vacuum segment include traveling wave tubes, trigger tubes, magnetrons, and Hall effect thruster core components [2] - Hall effect thruster components are currently used in multiple projects, including the space station, with expected market growth due to low Earth orbit satellite demand [2] Group 4: Project Updates - Ongoing nuclear industry projects are experiencing delays due to various factors, but the company is actively following up [2] - The company is involved in research related to "star simulators," which are part of the controlled nuclear fusion field [2]

证券代码：688776 证券简称：国光电气 公告编号：2024-044 成都国光电气股份有限公司 关于召开 2024 年第一次临时股东大会的通知 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 年第一次临时股东大会 召开日期时间：2024 年 12 月 6 日 15 点 00 分 召开地点：成都国光电气股份有限公司会议室 （五） 网络投票的系统、起止日期和投票时间。 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 2024 年 12 月 6 日 至 2024 年 12 月 6 日 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 股东大会召开日期：2024年12月6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 （六） 融资融 ...

证券代码：688776 证券简称：国光电气 公告编号：2024- 043 成都国光电气股份有限公司 关于召开 2024 年第三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、准确性和完整性依法承担法律责任。 重要内容提示： 会议召开时间：2024 年 11 月 27 日(星期三)上午 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 2024 年 11 月 20 日(星期三)至 11 月 26 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 tzzgx@chinaguoguang.com 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。 成都国光电气股份有限公司（以下简称"公司"）已于 2024 年 10 月 31 日发布公司 2024 年第三季度报告，为便于广大投资者更全面深 入地了解公司 2024 年第三季度经营成果、财务状况，公司计划于 20 ...

Investment Rating - The report assigns a rating of "Add" to the company based on the increasing demand for microwave devices and nuclear industrial equipment due to upgrades in national defense and military sectors [5][3]. Core Insights - The company focuses on two main technological paths: microwave and vacuum technologies, integrating various scientific disciplines to develop products widely used in radar, satellite communication, nuclear industry, and renewable energy sectors [1]. - For the first three quarters of 2024, the company reported a revenue of 454 million yuan, a year-on-year decrease of 21.35%, and a net profit attributable to shareholders of 43.29 million yuan, down 20.53% year-on-year [1]. - The gross margin for Q3 2024 was 35.1%, an increase of 8 percentage points year-on-year, while the net profit margin was 9.53%, up 0.1 percentage points year-on-year [1]. Summary by Sections Financial Performance - The company achieved a revenue of 454 million yuan in the first three quarters of 2024, with a year-on-year decline of 21.35% [1]. - The net profit attributable to shareholders was 43.29 million yuan, down 20.53% year-on-year, and the non-recurring net profit was 38.56 million yuan, a decrease of 20.29% year-on-year [1]. - The management expense ratio increased to 16.45%, up 4.07 percentage points year-on-year, while the sales expense ratio rose to 3.1%, an increase of 1.04 percentage points year-on-year [1]. Product Overview - Microwave devices include vacuum electronic devices and solid-state microwave devices, with vacuum electronic devices being core components in electronic countermeasures and interference fields [2]. - The company produces key components for the ITER project, which aims to harness nuclear fusion as a clean energy source, highlighting its role in significant international scientific collaborations [2]. Future Projections - Revenue projections for 2024, 2025, and 2026 are estimated at 856.69 million yuan, 988.08 million yuan, and 1.144 billion yuan, respectively, with corresponding net profits of 115 million yuan, 158.15 million yuan, and 212.3 million yuan [5][6]. - The expected earnings per share (EPS) for 2024, 2025, and 2026 are projected to be 1.06 yuan, 1.46 yuan, and 1.96 yuan, with price-to-earnings (PE) ratios of 61.91, 45.02, and 33.54, respectively [5][6].

Group 1: Financial Performance - The company's net profit attributable to shareholders for 2024 is projected to be 432.87 million yuan, a year-on-year decrease of 20.29% [1] - In the first three quarters of 2024, the company achieved operating revenue of 4.54 billion yuan, down 20.53% year-on-year [1] - The non-recurring net profit for the same period is expected to be 38.57 million yuan, reflecting a decline of 21.35% [1] Group 2: Business Challenges - The decline in revenue is primarily attributed to delays in project signings in the nuclear industry [2] - Increased credit impairment provisions and rising employee stock incentive costs have also contributed to the financial downturn [2] Group 3: Future Outlook - The company is actively following up on nuclear industry projects that were previously impacted by various factors [2] - The overall order volume in the military products sector remains stable, with ongoing projects in vacuum and solid-state devices showing promising progress [2] - The company is advancing certifications in the civil nuclear power sector, with progress reported as smooth [2] Group 4: Competitive Position - The company has a competitive advantage in the nuclear industry due to its over 60 years of experience in vacuum technology and successful project follow-ups [2] - The newly developed "special gas circuit device" is positioned well in the nuclear industry, with limited competition in the domestic market [2] - The core components of electric propulsion devices have established stable partnerships with numerous well-known domestic users, highlighting the high technical barriers in this field [2]

Financial Performance - Revenue for Q3 2024 was ¥103,508,111.27, a decrease of 26.18% compared to the same period last year[2] - Net profit attributable to shareholders was -¥7,646,578.75, representing a decline of 211.11% year-over-year[2] - Basic earnings per share for Q3 2024 was -¥0.07, a decrease of 216.67% compared to the same period last year[3] - Total operating revenue for the first three quarters of 2024 was CNY 454.33 million, a decrease of 21.39% compared to CNY 577.63 million in the same period of 2023[14] - Net profit for the third quarter of 2024 was CNY 43.29 million, a decline of 20.51% from CNY 54.47 million in the same quarter of 2023[15] - Earnings per share for the third quarter of 2024 were CNY 0.40, compared to CNY 0.50 in the same quarter of 2023[16] - The company’s total comprehensive income for the third quarter of 2024 was CNY 43.29 million, compared to CNY 54.47 million in the same quarter of 2023[16] Research and Development - R&D investment totaled ¥9,907,257.66, accounting for 9.57% of revenue, an increase of 1.94 percentage points from the previous year[3] - Research and development expenses for the first three quarters of 2024 were CNY 30.99 million, slightly higher than CNY 30.56 million in the same period of 2023[14] - The company has not disclosed any new product developments or technological advancements during this reporting period[10] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,405,470,729.64, reflecting a 1.74% increase from the end of the previous year[3] - Total liabilities as of the end of the third quarter of 2024 amounted to CNY 539.51 million, an increase from CNY 527.47 million at the end of the same period in 2023[12] - Total equity attributable to shareholders of the parent company was CNY 1,865.96 million, up from CNY 1,836.93 million year-over-year[12] - The company’s non-current liabilities totaled CNY 109.18 million, a slight decrease from CNY 109.74 million in the previous year[12] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥10,993,963.98[2] - The net cash flow from operating activities for the first three quarters of 2024 is ¥10,993,963.98, a significant improvement compared to a net outflow of ¥14,294,723.95 in the same period of 2023[19] - Total cash inflow from operating activities decreased to ¥397,686,611.78 in 2024 from ¥525,541,804.98 in 2023, reflecting a decline of approximately 24.3%[19] - Cash outflow from operating activities also decreased to ¥386,692,647.80 in 2024 from ¥539,836,528.93 in 2023, indicating a reduction of about 28.3%[19] - The cash flow from investing activities showed a net outflow of ¥79,406,890.70 in 2024, compared to a net outflow of ¥50,079,416.60 in 2023, representing an increase in investment activity[19] - Cash flow from financing activities resulted in a net outflow of ¥21,633,639.31 in 2024, an improvement from a net outflow of ¥32,516,512.13 in 2023[19] - The ending balance of cash and cash equivalents decreased to ¥890,006,586.14 in 2024 from ¥892,834,661.08 in 2023, showing a slight decline[19] - The company reported cash received from sales and services of ¥389,089,647.00 in 2024, down from ¥511,322,751.68 in 2023, a decrease of approximately 23.9%[19] - Payments for goods and services amounted to ¥200,985,600.08 in 2024, compared to ¥374,854,373.33 in 2023, reflecting a decrease of about 46.4%[19] - The company paid ¥49,148,179.50 in taxes in 2024, an increase from ¥27,903,582.90 in 2023, indicating a rise of approximately 76.5%[19] - The cash received from other operating activities was ¥8,467,882.58 in 2024, down from ¥13,983,606.13 in 2023, a decrease of about 39.5%[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 5,329[8] - The largest shareholder, Xinyu Anyanuo Jin Enterprise Management Co., Ltd., held 50.79% of the shares[8] - There were no significant changes in the top ten shareholders or their shareholdings compared to the previous period[10] Market and Operational Insights - The company experienced a decline in revenue due to project delays in the nuclear industry and increased credit impairment provisions[6] - Short-term borrowings and other liabilities were not reported, indicating a focus on managing current liabilities effectively[11] - The company has not indicated any plans for market expansion or mergers and acquisitions in the near future[10]

证券代码：688776 证券简称：国光电气 公告编号：2024-041 成都国光电气股份有限公司 关于2024年前三季度计提资产减值准备的公告 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。 一、计提减值准备的情况概述 四、其他说明 成都国光电气股份有限公司(以下简称"公司")根据《企业会计准则第 8 号 --资产减值》和相关会计政策的规定，结合公司的实际情况，为客观、公允地反 映公司截至 2024 年 9 月 30 日的财务状况和 2024 年前三季度的经营成果，公司 对截至 2024 年 9 月 30 日合并范围内存在减值迹象的资产进行了减值测试，预计 2024 年前三季度公司计提各类信用减值损失及资产减值损失共计人民币 32,472,568.81 元，具体情况如下： | 项目 | 2024年前三季度计提金额 | 备注 | | --- | --- | --- | | 信用减值损失 | 21,076,811.59 | 应收款项坏账损失 | | 资产减值损失 | 11,395,757.22 | 存货跌价损失 | | 合计 ...

证券代码：688776 证券简称：国光电气 公告编号：2024-038 成都国光电气股份有限公司 关于募投项目延期的公告 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。 成都国光电气股份有限公司（以下简称"公司"）于 2024 年 10 月 30 日分 别召开了第八届董事会第十五次会议和第八届监事会第十四次会议，审议通过了 《关于募投项目延期的议案》，同意将募集资金投资项目"科研生产综合楼及空 天通信技术研发中心建设项目"达到预定可使用状态时间延期至 2025 年 11 月 30 日；将募集资金投资项目"特种电真空器件生产线项目""核工业领域非标设 备及耐 CHZ 阀门产业化建设项目""压力容器安全附件产业化建设项目"达到预 定可使用状态时间均延期至 2025 年 12 月 31 日。监事会发表了明确同意的意见， 公司保荐人中信证券股份有限公司（以下简称"中信证券"或"保荐人"）对该 事项出具了明确的核查意见。该事项在董事会审批权限范围内，无需提交公司股 东大会审议。现将具体情况公告如下： 一、募集资金的基本情况 根据中国 ...

根据中国证券监督管理委员会于 2021 年 7 月 27 日出具的《关于同意成都国 光电气股份有限公司首次公开发行股票注册的批复》（证监许可〔2021〕2505 号）， 公司首次公开发行人民币普通股（A）股 1,935.4932 万股，每股发行价格为 51.44 元，募集资金总额为人民币 995,617,702.08 元；扣除发行费用后实际募集资金净 额为人民币 906,150,358.58 元。上述募集资金已于 2021 年 8 月 26 日全部到账， 并经中汇会计师事务所（特殊普通合伙）对公司首次公开发行股票的资金到位情 况进行了审验，并于 2021 年 8 月 26 日出具了《验资报告》（中汇会验【2021】 6700 号）。 为规范公司募集资金管理和使用，保护投资者权益，公司已设立了相关募集 资金专项账户。募集资金到账后，已全部存放于经公司董事会批准开设的募集资 金专项账户内，保荐机构已与公司、存放募集资金的商业银行签署了募集资金三 方监管协议。 二、使用部分闲置募集资金进行现金管理的具体安排 证券代码：688776 证券简称：国光电气 公告编号：2024-039 成都国光电气股份有限公司 关于使用部 ...