Financial Performance - The company reported a half-year revenue of 1.2 billion CNY, representing a 15% increase compared to the same period last year[12]. - The net profit for the first half of 2024 was 200 million CNY, up 10% year-over-year[12]. - The company's operating revenue for the first half of 2024 was approximately ¥350.82 million, a decrease of 19.80% compared to ¥437.41 million in the same period last year[16]. - The net profit attributable to shareholders for the first half of 2024 was approximately ¥50.93 million, an increase of 7.03% from ¥47.59 million in the previous year[16]. - The net cash flow from operating activities increased significantly to approximately ¥64.58 million, up 1,030.99% from ¥5.71 million in the same period last year[16]. - The company's comprehensive gross margin for the reporting period was 34.98%, influenced by market product structure and competitive pressure[105]. - The company's operating profit increased by 14.37% year-on-year to ¥60,534,152.32, while the total profit rose by 7.23% to ¥60,519,326.67, attributed to a higher proportion of revenue from microwave devices[98]. Market Expansion and Product Development - User data indicates a growth in active users by 25%, reaching 500,000 users by the end of June 2024[12]. - The company plans to expand its market presence in Southeast Asia, targeting a 20% market share by 2025[12]. - New product development includes a next-generation microwave device expected to launch in Q4 2024, projected to increase revenue by 30%[12]. - The company is currently developing space traveling wave tubes, which are core components for satellite payloads, enhancing communication capabilities[22]. - The company is actively involved in various high-tech fields, including aerospace, nuclear industry, and new energy applications[19]. - The company is engaged in research and development for both military and civilian products, focusing on future equipment needs and market conditions[69]. Research and Development - The company has allocated 100 million CNY for R&D in advanced technologies for the upcoming fiscal year[12]. - Research and development expenses accounted for 6.01% of operating revenue, an increase of 1.47 percentage points from 4.54% in the previous year[17]. - The company has developed 13 core technologies that are applied in its main products, ensuring clear ownership and no potential infringement disputes[93]. - The company has achieved significant milestones in nuclear fusion research, including a plasma current breakthrough of over 1 million amperes in 2022 and a world record for steady-state long-pulse plasma operation in 2023[73]. - The company has developed core technologies that are at the domestic advanced level, including broadband high-power traveling wave tube design technology and magnetic control tube design technology, all of which are self-innovated[82]. Environmental Responsibility - The company actively participates in the International Thermonuclear Experimental Reactor (ITER) project, which is expected to provide unlimited clean energy, highlighting its commitment to environmental responsibility[142]. - The company has developed the world's first large vacuum high-temperature helium leak detection device that meets ITER requirements, showcasing its technological advancements in nuclear fusion[142]. - The company has committed to environmental management led directly by the general manager, focusing on establishing and improving environmental protection systems[143]. - The company has taken measures to reduce carbon emissions, including improving equipment efficiency and developing components for controlled nuclear fusion that contribute to clean energy[144]. - The company achieved over 90% removal efficiency for acidic waste gases using purification towers[139]. Governance and Compliance - The board of directors has confirmed that there are no significant governance issues affecting the report's accuracy[6]. - The company has not violated any decision-making procedures regarding external guarantees[6]. - There are no non-operational fund occupations by controlling shareholders or related parties reported[5]. - The company has established a comprehensive quality management system, which has been recognized by customers for its product quality and reliability[94]. - The company has committed to transparency in its operations and decision-making processes[172]. Risks and Challenges - The company faces risks related to high customer concentration, which could significantly impact its operating performance if major clients' demand changes[103]. - The company is exposed to risks of core technology leakage and personnel turnover, which could affect its future technological development capabilities[100]. - The company faces production risks for its first wall and nuclear pump products due to limited production capacity and high customer demand[109]. - The company is subject to risks related to accounts receivable, including high balances and the absence of specified credit terms, which could affect cash flow[111]. Shareholding and Corporate Structure - The company has committed to not transferring or managing its pre-IPO shares for 36 months from the date of the IPO[151]. - The company guarantees that its current shareholding in Guoguang Electric is genuine and has not changed without notification[152]. - The company will comply with all relevant laws and regulations regarding shareholding and reduction plans, including a 3-day advance notice for any share reduction[153]. - The company has confirmed that there are no hidden, false, or omitted information regarding its shareholding commitments[151]. - The company has established a profit distribution policy in accordance with relevant laws and regulations, applicable after its listing[165].

证券代码：688776 证券简称：国光电气 公告编号：2024-027 成都国光电气股份有限公司 首次公开发行部分限售股上市流通公告 本公司董事会及全体董事（除张亚先生外）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： 本次股票上市类型为首发限售股份；股票认购方式为网下，上市股数为 73,908,878 股。 本次股票上市流通总数为 73,908,878 股。 本次股票上市流通日期为 2024 年 9 月 2 日。 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（以下简称"中国证监会"）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），同意公司首次公开发行股票的注册申请。公司首次 向社会公众公开发行人民币普通股（A 股）股票 19,354,932 股，并于 2021 年 8 月 31 日在上海证券交易所科创板上市，发行完成后总股本为 77,416,728 股，其中有 限售条件流通股 61,482,382 股，无限售条件流通股 ...

中信证券股份有限公司（以下简称"中信证券"或"保荐机构"）为成都国光 电气股份有限公司（以下简称"公司"或"国光电气"）首次公开发行股票并上市 的保荐机构。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（2024 年 4 月修订）》等法律法规，对国光电气首次公开发行战略配 售限售股上市流通事项进行了核查，核查情况及核查意见如下： 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（以下简称"中国证监会"）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），同意公司首次公开发行股票的注册申请。公司首次向社 会公众公开发行人民币普通股（A 股）股票 19,354,932 股，并于 2021 年 8 月 31 日 在上海证券交易所科创板上市，发行完成后总股本为 77,416,728 股，其中有限售条 件流通股 61,482,382 股，无限售条件流通股 15,934,346 股。 本次上市流通的限售股为首次公开发行限售股，共涉及 5 名股东，本次上市流 通的限售股份数量为 73,908,878 ...

关于上海证券交易所 《关于对成都国光电气股份有限公司 2023 年年度报告的事后审核问询函》 有关财务问题回复的专项说明 中国杭州市钱江新城新业路8号UDC时代大厦A座5-8层、12层、23层 Floors 5–8, 12 and 23, Block A, UDC Times Building, No. 8 Xinye Road, Qianjiang New City, Hangzhou Tel. 0571-88879999 Fax. 0571-88879000 www.zhcpa.cn 关于上海证券交易所 《关于对成都国光电气股份有限公司 2023 年年度报告的事后审核问询函》 有关财务问题回复的专项说明 中汇会专[2024]9134 号 上海证券交易所: 由成都国光电气股份有限公司(以下简称公司或国光电气公司)转来的贵所于 2024 年 6 月 11 日下发的《关于对成都国光电气股份有限公司 2023 年年度报告的 事后审核问询函》(上证科创公函【2024】0179 号,以下简称问询函)奉悉。我 们作为国光电气公司的年报会计师,对问询函中需要我们回复的财务问题进行了审 慎核查。现就问询函有关财务间题回复如 ...

Environmental Protection and Sustainability - The company invested approximately 751,100 RMB in environmental protection during the reporting period[5]. - The total electricity consumption for the company was about 7,391,551 kWh, with water consumption totaling approximately 154,472 cubic meters and natural gas consumption of about 54,372 cubic meters[9]. - The company has implemented measures to reduce greenhouse gas emissions, including improving operational efficiency and reducing energy waste[14]. - All hazardous waste generated by the company was properly handled by qualified units, ensuring compliance with national standards[17]. - The company has established an environmental management system directly overseen by the general manager, focusing on environmental protection and safety[17]. - The company has not been listed as a key pollutant discharge unit by environmental protection authorities during the reporting period[6]. - There were no administrative penalties imposed on the company due to environmental issues during the reporting period[7]. - The company has achieved a high removal rate of over 90% for acidic waste gases through purification processes[12]. - The company has invested in environmental protection measures, including strict pollution control and safety training for 139 personnel in 2023[134]. Financial Performance - In 2023, the company achieved operating revenue of ¥745,448,872.69, a decrease of 18.21% year-on-year[47]. - The net profit attributable to the parent company was ¥90,354,970.56, down 45.59% compared to the previous year[47]. - The company's gross profit margin and operating profit both declined, with operating profit at ¥96,917,092.75, a decrease of 48.12% year-on-year[47]. - The weighted average return on equity decreased to 5.05%, down 4.81 percentage points from the previous year[40]. - The company reported a net cash flow from operating activities of ¥99,435,544.29 in Q4 2023, following a negative cash flow in Q1 and Q3[42]. - The top five customers accounted for 51.50% of the company's total revenue, highlighting a high concentration risk in customer relationships[196]. - The company's comprehensive gross profit margin decreased by 5.02 percentage points compared to the same period last year, indicating some volatility in profitability[198]. Research and Development - Research and development expenses accounted for 5.24% of operating revenue, an increase of 0.34 percentage points from the previous year[40]. - R&D investment reached ¥39,093,243.69, with R&D expenditure accounting for an increase of 0.34 percentage points of operating revenue[77]. - The company applied for 10 new domestic patents during the reporting period, including 2 invention patents and 6 utility model patents[77]. - The company has established partnerships with universities to enhance talent development and technological collaboration[67]. - The company has developed several core technologies in the field of microwave vacuum devices, all of which are domestically leading or internationally leading[121]. - The company has completed the development of a micro high-precision vacuum sensor with a total investment of 3,438 million yuan, spending 20.95 million yuan in the current period and a cumulative investment of 21.07 million yuan[75]. - The company has completed the development of a small valve (DN3) for the nuclear industry, achieving batch delivery and breaking foreign monopolies[129]. - The company has completed the development of a vacuum monitoring component for low-temperature insulated pressure vessels, which has passed national certifications and is expected to fill domestic technology gaps[132]. - The company has achieved significant advancements in its product offerings, including the completion of various modules and devices, which are now in the industrial production phase[52]. Market and Industry Trends - The global satellite electric propulsion market was valued at approximately $543 million in 2022, expected to reach $780.59 million by 2031, growing at a CAGR of 4.10% from 2023 to 2031[82]. - The nuclear technology application industry in China is expected to grow significantly, with projections indicating that nuclear power generation will account for approximately 10% of total electricity generation by 2035, doubling from 2022 levels[111]. - The company’s nuclear technology applications are expected to see rapid market demand growth, with nearly 150 countries engaged in nuclear technology research[172]. - The number of private companies developing commercial fusion technology has increased to 43 in 2023, reflecting growing confidence in the market[110]. - The market demand for electronic vacuum devices is large and urgent, driven by increasing military spending and the need for advanced electronic equipment in defense[112]. Corporate Governance and Shareholder Relations - The company has maintained good communication with shareholders and creditors, ensuring their rights are protected through strict adherence to contracts and stable dividend policies[22]. - The company has established a modern corporate governance structure with four specialized committees under the board of directors[134]. - The company has a stable dividend distribution policy to protect investor returns[22]. Employee and Talent Development - The company has provided training for 139 employees in safety and health management, enhancing workplace safety awareness[23]. - Employee stock ownership includes 36 employees, representing 3.70% of the total workforce, with 1,016.08 thousand shares held, accounting for 9.37% of total share capital[24]. - As of the end of the reporting period, the company employed 241 specialized R&D personnel, accounting for 24.73% of the total workforce, and has introduced 13 external experts to enhance its innovation capabilities[166]. Product Development and Innovation - The company is focusing on the development and production of microwave devices and nuclear industry equipment, maintaining quality growth despite industry challenges[47]. - The company has completed the industrial production of multiple advanced microwave devices, including the microwave energy window and frequency synthesizer, contributing to its competitive edge in the domestic market[52]. - The company is currently in the research and development phase for several new products, including an onboard refrigerator and a modified light dining car, with investments totaling RMB 200 million[84]. - The company has established deep cooperative relationships with multiple domestic electric propulsion units and is actively tracking orders in the commercial small satellite sector[82]. Challenges and Risks - The company faces risks related to intellectual property, including potential infringement and the loss of key technical personnel, which could impact future development capabilities[194]. - The company must continuously innovate and upgrade products to meet market demands, as failure to do so could lead to a decline in gross profit margin[198].

证券代码：688776 证券简称：国光电气 公告编号：2024-026 成都国光电气股份有限公司 关于 2023 年年报问询回复的公告 本公司董事会及除张亚先生外的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"或"国光电气"）于 2024 年 6 月 11 日收到上海证券交易所科创板公司管理部下发的上证科创公函【2024】0179 号《关于对成都国光电气股份有限公司 2023 年年度报告的事后审核问询函》"）（以 下简称"《问询函》"），公司会同持续督导机构中信证券股份有限公司（以下简称"中 信证券"或"持续督导机构"）、年审会计师中汇会计师事务所（特殊普通合伙）（以 下简称"会计师"）就《问询函》有关问题逐项进行认真核查落实，现将有关问题 回复如下： 1、关于收入结构 年报披露，微波器件营业收入为 2.93 亿元，同比下滑 40%；核工业设备及部 件营业收入为 3.73 亿元，同比增长 1%；其他民用产品营业收入为 0.69 亿元，同 比增长 37%。请公司：（1）补充披露其他民用产品收入的主 ...

Revenue and Growth - In 2023, the revenue from other civil products reached CNY 6,882.57 million, with a gross margin of 12.81%, up from 11.82% in 2022[4] - The revenue from civil aviation kitchen equipment increased by 215.45% year-on-year, contributing 60.25% to the total growth of other civil products[5] - The total revenue growth for other civil products was 37.39%, primarily driven by increased demand in the aviation sector[11] - The revenue from nuclear industrial equipment and components grew slightly by 1.31% compared to the previous year, indicating stability in this segment[11] - The revenue from the core components of Hall electric thrusters reached CNY 6.6991 million in Q1 2024, accounting for 4.21% of the total revenue for the quarter. The current order backlog amounts to CNY 14.575 million[12] Microwave Devices Performance - Microwave device revenue declined by 39.83% in 2023 due to delays in orders from major military groups and policy adjustments in the military industry[11] - The company’s microwave devices are primarily used in military applications, and the revenue decline is expected to be non-persistent as market conditions improve[13] - The company reported a total of CNY 20,619.93 million in sales from its top five customers in the microwave device category, accounting for 70.43% of the category's revenue[8] - The revenue from microwave devices declined by 39.83% in 2023, primarily due to delays in orders from military clients and macroeconomic factors affecting the defense industry. However, sales improved in Q1 2024, indicating a potential recovery[13] Accounts Receivable and Credit Risk - The accounts receivable balance at the end of 2023 was CNY 825.1114 million, with a total of CNY 220.2138 million collected by May 31, 2024, representing a recovery rate of 17.25% from the top five clients[21][22] - The aging structure of accounts receivable shows that 56.04% is within one year, while 37.20% is between one to two years, indicating a relatively healthy receivables profile[24] - The company maintains a strong credit risk profile with its clients, primarily large military units and research institutions, which have a good repayment capacity[18] - The company anticipates that the recovery of accounts receivable will continue, with significant amounts expected to be collected in the second half of 2024[19] - The company has not experienced significant bad debt write-offs, with a bad debt provision of CNY 76.2729 million, representing 9.24% of the total accounts receivable balance[24] Procurement and Suppliers - The company’s top supplier, Supplier G, accounted for 17.92% of total purchases in 2023, with a procurement amount of 88.3561 million yuan[32] - The total procurement amount from the top five suppliers reached 191.2216 million yuan, representing 38.97% of total procurement[32] - The total procurement amount for 2023 reached 5,695.99 million yuan, accounting for 11.56% of the total procurement during the period[34] - The company’s accounts payable to the top five suppliers showed significant changes due to varying project requirements and procurement cycles[33] Investment and Project Management - The company has a total of 90,807.70 million yuan in committed investment projects, with a cumulative investment of 16,241.20 million yuan, representing a progress rate of 17.92%[36] - The construction progress of the research and production complex and communication technology R&D center is only 20.71%, with a remaining investment gap of 14,551.98 million yuan[36] - The company plans to enhance project efficiency by increasing work shifts and staff to recover delays in construction timelines[37] - The company is facing risks of project delays due to limited construction time remaining, with less than one year left for completion[36] Private Equity Fund - The private equity fund established aims to invest in strategic emerging industries, focusing on semiconductor and electronic information sectors, with a minimum investment of 60% of the fund's paid-in capital[38] - The private equity fund has not yet completed registration with the China Securities Investment Fund Industry Association, and thus lacks specific investment targets[38] - The total capital contribution from all partners of the private equity fund amounts to 16,000 million yuan, with 1,100 million yuan already paid in[42] - The company has committed 300 million yuan to the private equity fund, which is part of the overall capital contribution[42] - As of December 28, 2023, the private equity fund has not yet made any equity investments and therefore has not generated any investment income[46] Financial Reporting and Compliance - The updated 2023 annual report of Chengdu Guoguang Electric Co., Ltd. is available on the Shanghai Stock Exchange website for investor review[55] - The company aims to enhance the quality of information disclosure by strengthening the preparation and review processes[55]

中信证券股份有限公司 关于对成都国光电气股份有限公司 2023 年年度报告的事后审核问询函回复的核查意见 上海证券交易所： 根据贵所《关于对成都国光电气股份有限公司 2023 年年度报告的事后审核问 询函》（上证科创公函【2024】0179 号）（以下简称"问询函"）的要求，中信证券 股份有限公司（以下简称"持续督导机构"）作为成都国光电气股份有限公司（以下 简称"国光电气"或"公司"）的持续督导机构，就《问询函》中相关事项进行了核查， 现对涉及持续督导机构发表意见的问题进行回复，请予以审核。 1、关于收入结构 年报披露，微波器件营业收入为 2.93 亿元，同比下滑 40%；核工业设备及部 件营业收入为 3.73 亿元，同比增长 1%；其他民用产品营业收入为 0.69 亿元，同 比增长 37%。请公司：（1）补充披露其他民用产品收入的主要销售构成、成本、毛 利率及同比情况，说明其他民用产品收入及毛利率增长的原因；（2）补充披露各类 产品前五名客户名称、是否为新进入前五大客户、合作时间、销售内容、销售金额 及占比、相关应收账款余额及期后回款情况，说明各类产品营业收入变动趋势不一 致的原因，微波器件收入下滑是否具 ...

重要内容提示： 证券代码：688776 证券简称：国光电气 公告编号：2024-024 成都国光电气股份有限公司 2023 年年度权益分派实施公告 本公司董事会及除张亚先生外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。 | 股权登记日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | | 2024/6/20 | 2024/6/21 | 2024/6/21 | 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经成都国光电气股份有限公司（以下简称"公司"）2024 年 5 月 16 日的 2023 年年度股东大会审议通过。 二、 分配方案 1. 发放年度：2023 年年度 2. 分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 3. 分配方案： 本次利润分配以方案实施前的公司总股本 108,383,419 股为基数，每股派发现 是否涉及差异化分红送转：否 每股分配比例 每股现金红利 0.20 元（含 ...

Group 1: Company Overview - Chengdu Guoguang Electric Co., Ltd. specializes in the research and production of microwave devices, with over 60 years of experience in the field [1] - The company has developed various products including traveling wave tubes, magnetrons, and microwave solid-state devices, widely used in radar, satellite communication, nuclear industry, and new energy sectors [1] Group 2: Financial Performance - As of March 31, 2024, the company reported a total revenue of 159 million CNY, a year-on-year increase of 40.85% [1] - The net profit attributable to shareholders decreased by 3.85% compared to the previous year [1] Group 3: Market and Product Insights - The order volume for microwave device segment remains stable, with some downstream demand expected to gradually release [1] - The company has established deep cooperative relationships with numerous domestic electric propulsion units for its electric propulsion core components [2] Group 4: Project Progress and Future Outlook - The company is actively promoting its space application products, including electric propulsion core components and space traveling wave tubes, with significant order growth since 2024 [2] - Ongoing projects in Hefei and Chengdu are being closely monitored, with professional teams ensuring timely communication and project progress [2]