证券代码：000561 证券简称：烽火电子 公告编号：2025-067 陕西烽火电子股份有限公司 2025年第一次临时股东会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 特别提示： 1.本次股东会无否决议案的情形。 2.本次股东会不涉及变更前次股东会决议。 一、会议召开和出席情况 1、会议召开情况 （1）会议召集人：公司董事会 （2）会议召开时间： ①现场会议召开时间：2025 年 9 月 15 日（星期一）14:50 时。 ②网络投票时间：2025 年 9 月 15 日 2、会议出席情况 （1）出席会议的总体情况 通过现场和网络投票的股东 690 人，代表股份 462,217,010 股，占公司有表决 权股份总数的 53.4962％。 通过深圳证券交易所交易系统进行网络投票的具体时间为 2025 年 9 月 15 日上 午 9:15 至 9:25、9:30 至 11:30，下午 13:00 至 15:00； 通过深圳证券交易所互联网投票的具体时间为 2025 年 9 月 15 日 9:15 至 2025 年 9 月 15 日 15:00 期间的任 ...

北京观韬（西安）律师事务所 关于陕西烽火电子股份有限公司 2025 年第一次临时股东会的法律意见书 观意字 2025XA000408 号 致：陕西烽火电子股份有限公司 北京观韬（西安）律师事务所（以下简称"本所"）受陕西烽火电子股份有 限公司（以下简称"公司"）之委托，指派律师出席 2025 年 9 月 15 日召开的公 司 2025 年第一次临时股东会（以下简称"本次股东会"），并根据《中华人民 共和国公司法》（以下简称《公司法》）、《中华人民共和国证券法》（以下简 称《证券法》）等相关法律、行政法规、《上市公司股东会规则》(2025 修订) （以下简称《规则》）以及公司现行有效的《公司章程》的有关规定，就本次股 东会相关事项出具本法律意见书。 为出具本法律意见书，本所律师查询了公司在信息披露媒体上刊登的相关公 告，核查了公司提供的有关本次股东会的文件，听取了公司就有关事实的陈述和 说明，列席了本次股东会。公司已经向本所律师提供了本所律师认为出具本法律 意见书所必需的、真实、准确、完整的原始书面材料、副本材料或者口头证言， 并无任何隐瞒、虚假、误导或重大遗漏之处；公司保证提供的正本与副本一致、 原件与复印件 ...

陕西烽火电子股份有限公司章程 第一章 总则 第一条 为维护陕西烽火电子股份有限公司（以下简称"公司"）、公司股东、职工和债权人的 合法权益，规范公司的组织和行为，根据《中华人民共和国公司法》（以下简称《公司法》）、《中 华人民共和国证券法》（以下简称《证券法》）、《中国共产党章程》及其他有关规定，制定本章程。 第二条 公司系依照《股份有限公司规范意见》和其他有关规定经陕西省经济体制改革委员会陕 改发（1992）39 号文批准成立的股份有限公司。 公司以定向募集方式设立，在陕西省工商行政管理局注册登记，取得营业执照。统一社会信用代 码：91610300220533749U。 第三条 公司于 1993 年 12 月 9 日经中国证券监督管理委员会证监发审字[1993]109 号文件批准， 首次向境内社会公众发行普通股 5000 万股。于 1994 年 5 月 9 日在深圳证券交易所（以下简称"深交 所"）上市。 第四条 公司注册名称：中文全称：陕西烽火电子股份有限公司 英文全称：Shaanxi Fenghuo Electronics Co., Ltd. 第五条 公司住所：陕西省宝鸡市清姜路 72 号 邮政编码：7 ...

证券代码：000561 证券简称：烽火电子 公告编号：2025-068 陕西烽火电子股份有限公司 关于增加注册资本暨修订《公司章程》的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 陕西烽火电子股份有限公司（以下简称"公司"）于2025年9月15日召开2025年 第一次临时股东会，审议通过了《关于增加注册资本并修改<公司章程>的议案》。 现将相关事项公告如下： 一、注册资本变更情况 经中国证券监督管理委员会《关于同意陕西烽火电子股份有限公司发行股份购 买资产并募集配套资金注册的批复》（证监许可〔2025〕448号）核准，公司发行股 份及支付现金购买资产并募集配套资金向特定对象发行人民币普通股股票 114,249,034股。因此，公司总股本相应由749,769,204股增加为864,018,238股，注 册资本由749,769,204元增加为864,018,238元，并相应修订《公司章程》。 二、《公司章程》修订情况 （一）《公司章程》原第六条 公司注册资本为749,769,204元。 现修改为： 第六条 公司注册资本为864,018,238元。 （二）《 ...

Core Viewpoint - The stock of Fenghuo Electronics experienced a 10.0% increase, reaching 15.84 CNY per share, with a trading volume of 860 million CNY and a turnover rate of 9.65%, resulting in a total market capitalization of 13.686 billion CNY [1] Company Overview - Fenghuo Electronics is located in Baoji City, Shaanxi Province, and specializes in the production of wireless communication systems, rescue positioning communication systems, audio management systems, information systems, electroacoustic and noise control systems, satellite communication navigation equipment, and communication navigation antennas [1][1] - The company's products are widely used across various sectors of the national economy and are exported to over 30 countries and regions [1] - The company emphasizes technology-driven development, maintaining R&D investment at over 10% of its main operating revenue [1] Financial Performance - For the period from January to March 2025, Fenghuo Electronics reported operating revenue of 243 million CNY, a year-on-year decrease of 18.03% [1] - The net profit attributable to shareholders was -54.5424 million CNY, reflecting a year-on-year increase of 5.72% [1] - As of March 31, the number of shareholders was 59,000, with an average of 10,200 circulating shares per person [1]

Core Viewpoint - The financial performance of Fenghuo Electronics (000561) for the first half of 2025 shows significant declines in revenue and net profit, indicating potential challenges for the company moving forward [1]. Financial Performance Summary - Total revenue for the first half of 2025 was 615 million yuan, a decrease of 26.67% compared to the same period in 2024 [1]. - The net profit attributable to shareholders was -89.61 million yuan, representing a decline of 212.7% year-on-year [1]. - In Q2 2025, total revenue was 372 million yuan, down 31.4% year-on-year, with a net profit of -35.07 million yuan, a decrease of 220.11% [1]. - Inventory levels increased significantly, with a year-on-year growth of 95.43% [1]. Key Financial Ratios - Gross margin stood at 36.97%, an increase of 0.63% year-on-year [1]. - Net margin was -16.99%, a decrease of 303.76% compared to the previous year [1]. - The ratio of selling, administrative, and financial expenses to revenue was 25.07%, up 29.46% year-on-year [1]. - Earnings per share were -0.1 yuan, a decline of 171.47% year-on-year [1]. Cash Flow and Debt Analysis - Cash and cash equivalents increased by 55.63% due to fundraising activities [2]. - Short-term borrowings decreased by 31.90% as subsidiaries repaid bank loans [2]. - Financial expenses rose by 51.22% due to increased interest expenses [2]. - The net cash flow from operating activities increased by 31.05% due to a rise in cash received related to operating activities [2]. Investment and Return Metrics - The company's historical median Return on Invested Capital (ROIC) over the past decade is 5.22%, indicating weak investment returns [3]. - The worst year for ROIC was 2024, with a value of -4.38% [3]. - The company has reported losses in 7 out of 31 annual reports since its listing, suggesting a challenging financial history [3]. Fund Holdings - The largest fund holding Fenghuo Electronics is the GF National Index 2000 ETF Link A, with a current scale of 94 million yuan and a recent net value of 1.5866 [4].

Group 1 - The company reported a revenue of 615 million yuan for the first half of 2025, representing a year-on-year decline of 26.67% [1] - The net profit attributable to shareholders of the listed company was -89.6079 million yuan [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -92.6713 million yuan [1] - The basic earnings per share were -0.1037 yuan [1]

Core Insights - The company Fenghuo Electronics reported an increase in shareholder accounts to 93,188 as of June 30, 2025, representing a growth of 34,165 accounts or 57.88% compared to March 31, 2025 [1][2] - The average number of shares held per account decreased from 10,200 shares to 8,046 shares, with an average market value of 86,300 yuan per account [1][2] - The stock price of Fenghuo Electronics increased by 35.82% from March 31, 2025, to June 30, 2025, coinciding with the increase in shareholder accounts [1][2] Company Performance - As of June 30, 2025, the average number of shareholder accounts in the aerospace equipment industry was 51,700, indicating that Fenghuo Electronics has a higher number of shareholders than the industry average [1] - The average market value of shares held by shareholders in the aerospace equipment industry was 429,500 yuan, which is significantly higher than that of Fenghuo Electronics [1] - From March 31, 2025, to June 30, 2025, the company experienced a net inflow of 63.59 million yuan from major funds, while retail investors contributed a net inflow of 54.5 million yuan [2] Market Activity - During the same period, there was a net outflow of 609 million yuan from speculative funds [2] - The stock was listed on the trading leaderboard three times, with institutional and deep stock connect special seats also appearing three times [2]

Core Viewpoint - Shaanxi Fenghuo Electronics Co., Ltd. held a special meeting of the independent directors to approve a proposal for using part of the raised funds to increase capital for its subsidiaries, which is aimed at improving the efficiency of fund utilization and aligns with the company's fundraising plan [1][2]. Group 1 - The meeting was conducted on August 28, 2025, via communication voting, with all three independent directors present [1][2]. - The proposal received unanimous approval from the independent directors, with a voting result of 3 in favor, 0 abstentions, and 0 against [1]. - The independent directors emphasized that the capital increase is necessary for the operational needs of the subsidiaries and complies with relevant regulations and the company's fundraising management system [1]. Group 2 - The independent directors involved in the decision include Nie Lijie, Cheng Zhitang, and Xu Zhangyong [2]. - The proposal will be submitted for review at the company's upcoming shareholders' meeting, which is an important event for market observers [2].

Core Viewpoint - The report highlights the financial performance and operational strategies of Shaanxi Fenghuo Electronics Co., Ltd. for the first half of 2025, indicating a significant decline in revenue and net profit, while emphasizing ongoing efforts in innovation and market expansion [1][6]. Company Overview and Financial Indicators - Company Name: Shaanxi Fenghuo Electronics Co., Ltd. - Stock Code: 000561 - Stock Exchange: Shenzhen Stock Exchange - Total Assets: 7,129,674,078.43 yuan, an increase of 5.59% from the previous year [4][9]. - Net Assets: 3,152,116,299.77 yuan, a 20.00% increase from the previous year [4][9]. Financial Performance - Revenue: 615,030,941.61 yuan, down 26.67% from 838,726,393.38 yuan in the same period last year [4][9]. - Net Profit Attributable to Shareholders: -89,607,948.07 yuan, a decrease of 212.70% compared to -28,655,938.14 yuan last year [4][9]. - Basic Earnings Per Share: -0.1037 yuan, a decline of 171.47% from -0.0382 yuan [4][9]. - Operating Cash Flow: -331,746,504.25 yuan, an improvement of 31.05% from -481,119,199.35 yuan [4][9]. Business Operations and Strategies - The company focuses on steady growth and innovation, with significant advancements in radar and civil aviation sectors [6][7]. - New product developments in low-altitude safety and emergency communication systems are underway, with plans for mass production in the second half of the year [6][7]. - The company aims to enhance its core competitiveness through asset restructuring and collaboration with research institutions [6][7]. Market and Product Analysis - The communication sector remains the primary revenue source, contributing 91.25% of total revenue [9][12]. - The company has successfully bid for multiple products in various sectors, indicating a robust market presence [6][7]. - The company is actively expanding its international business, leveraging the Belt and Road Initiative [8][9]. Research and Development - R&D investment for the period was 161,578,659.11 yuan, a decrease of 13.39% from the previous year [10]. - The company maintains a strong focus on technological innovation, with a commitment to improving product quality and efficiency [8][9]. Financial Health and Investment - The company has completed fundraising for asset restructuring, which is expected to enhance its market position and operational capabilities [6][7]. - Cash and cash equivalents increased significantly due to fundraising activities, indicating improved liquidity [10][12].