证券代码：002036 证券简称：联创电子 公告编号：2025—047 债券代码：128101 债券简称：联创转债 联创电子科技股份有限公司 关于回购注销限制性股票减少注册资本 暨通知债权人的公告 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。 一、通知债权人的原因 联创电子科技股份有限公司（以下简称"公司"）第九届董事会第五次会议 和第九届监事会第二次会议审议通过了《关于公司 2022 年第二期股票期权与限 制性股票激励计划注销股票期权及回购注销限制性股票的议案》，具体内容详见 2025 年 4 月 26 日公司在《证券时报》《证券日报》《上海证券报》《中国证券 报》和巨潮资讯网（www.cninfo.com.cn）上披露的《第九届董事会第五次会议 决议公告》和《第九届监事会第二次会议决议公告》及《关于 2022 年第二期股 票期权与限制性股票激励计划注销股票期权及回购注销限制性股票的公告》。上 述议案已于 2025 年 5 月 16 日经公司 2024 年年度股东会审议通过，具体内容详 见 2025 年 5 月 17 日公司在《证券时报》《证券日报》《上海 ...

本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误 导性陈述或者重大遗漏。 为进一步加强与投资者的互动交流，联创电子科技股份有限公司（以下简称 "公司"）将参加由江西省上市公司协会与深圳市全景网络有限公司联合举办 "2025 年江西辖区上市公司投资者集体接待日活动暨公司 2024 年度业绩说明会" （以下简称"本次活动"）,现将相关事项公告如下： | 证券代码：002036 | 证券简称：联创电子 | 公告编号：2025—048 | | --- | --- | --- | | 债券代码：128101 | 债券简称：联创转债 | | 联创电子科技股份有限公司 关于参加江西辖区上市公司 2025 年投资者网上集体接待日 活动暨 2024 年度业绩说明会的公告 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （https://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP， 参与本次互动交流，活动时间为 2025 年 5 月 21 日（周三） 15:30-17:00。届时 公司董事长兼总裁曾吉勇先生、副总裁兼财务总监周满珍女士、副总裁兼董事会 秘书 ...

联创电子科技股份有限公司 2024 年年度股东会决议公告 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、本次股东会未出现否决提案的情形。 2、本次股东会未涉及变更以往股东会已通过的决议。 一、会议召开情况 1、本次股东会召开时间 证券代码：002036 证券简称：联创电子 公告编号：2025—046 债券代码：128101 债券简称：联创转债 通过深圳证券交易所交易系统进行网络投票的时间为：2025 年 5 月 16 日上 午 9:15—9:25，9:30—11:30，下午 13:00—15:00； 通过深圳证券交易所互联网投票系统投票的时间为：2025 年 5 月 16 日 9:15-15:00 的任意时间。 2、现场会议召开地点：江西省南昌市高新区京东大道 1699 号公司办公楼 3-1 会议室。 3、召集人：公司董事会 4、会议方式：现场投票与网络投票相结合的方式 5、会议主持人：曾吉勇 6、本次股东会的召集、召开与表决程序符合《中华人民共和国公司法》（以 下简称"《公司法》"）、《深圳证券交易所股票上市规则》等有关法律、法规 和《公司 ...

江西华邦律师事务所 关于联创电子科技股份有限公司 2024年年度股东会的法律意见书 致：联创电子科技股份有限公司 江西华邦律师事务所（以下称"本所"）接受联创电子科技股份有限公 司（以下称"公司"）的委托，指派本所律师出席公司2024年年度股东会（以 下称"本次股东会"），对本次股东会的合法性进行见证。 本所律师根据《中华人民共和国公司法》（以下称"《公司法》"）、 《上市公司股东会规则》（以下称"《股东会规则》"）等法律、法规和规 范性法律文件以及《联创电子科技股份有限公司章程》（以下称"《公司章 程》"）的规定，就公司本次股东会的召集、召开程序、出席会议人员的资 格、召集人的资格、表决程序和表决结果等有关事宜出具本法律意见书。 本法律意见书仅供公司本次股东会相关事项的合法性之目的使用，不得 用作任何其他目的，本所律师同意将本法律意见书随公司本次股东会决议一 起予以公告，并依法对本法律意见书承担相应的责任。 按照律师行业公认的业务标准、道德规范和勤勉尽责精神，本所律师对 本次股东会的相关资料和事实进行了核查和验证，现发表法律意见如下： 一、本次股东会的召集、召开程序 1、根据公司第九届董事会第五次会议决议， ...

Core Viewpoint - The impact of the recent U.S. tariffs on the company's performance is limited, and the company is actively monitoring international trade policy changes and maintaining communication with customers to implement effective countermeasures [1] Group 1 - The company has stated that the U.S. tariffs have a limited effect on its performance [1] - The company will closely watch the developments in international trade policies [1] - The company is committed to ongoing communication with customers to address potential challenges [1]

Group 1: Company Overview - Founded in 2006 and listed on Shenzhen Stock Exchange in December 2015 (Stock Code: 002036) [2] - Focuses on R&D, production, and sales of optical lenses, imaging modules, and touch display integration products [2] - Key player in the optical and optoelectronic industry, with a strong emphasis on automotive electronics and smart devices [2] Group 2: Financial Performance - Q1 2025 net profit attributable to shareholders was 3.26 million, a 104.73% increase year-on-year [3] - Total revenue for Q1 2025 was 2.177 billion, a decrease of 11.71% compared to the previous year [3] - Core optical business revenue reached 1.122 billion, with automotive optical revenue at 770 million, showing a growth of 43.18% [3] Group 3: Strategic Direction - In 2025, the company aims to concentrate resources on accelerating the development of the optical industry and diversifying the display industry [4] - Plans to enhance high-tech, high-value-added optical and optoelectronic core industries [4] Group 4: Global Operations - Factories established in India, Mexico, and Vietnam [5] Group 5: Impact of Trade Policies - Limited impact from U.S. tariff policies on company performance; ongoing monitoring of international trade policies [6] Group 6: Future Outlook - Strategies in place to achieve profitability in 2025 through market expansion and optimization of customer and product structures [7] - Continuous investment in R&D and improvement of internal management to enhance product quality and competitiveness [7] Group 7: Order Status - Positive operational status with an increase in new orders for automotive lenses [9]

证券代码：002036 证券简称：联创电子 公告编号：2025—045 债券代码：128101 债券简称：联创转债 联创电子科技股份有限公司 关于公司提供担保的进展公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误 导性陈述或者重大遗漏。 特别提示： 公司于 2024 年 4 月 26 日召开了第八届董事会第二十九次会议审议通过了 《关于 2024 年度为子公司提供担保额度的议案》，并已经 2023 年年度股东大会 审议通过，同意公司及下属全资子公司对合并报表范围内的公司提供担保的预计 额度合计不超过人民币 1,031,600.00 万元，其中对资产负债率低于 70%的子公 司提供的担保额度不超过 566,600.00 万元，对资产负债率高于 70%的子公司提 供的担保额度不超过 465,000.00 万元。担保方式包括但不限于一般保证、连带 责任保证担保等方式；担保范围包括但不限于用于申请银行授信、贷款、开具保 函、开立信用证、承兑汇票、开展融资租赁业务、其他金融业务和日常经营发生 的履约类担保等。担保额度的有效期为股东大会审议通过之日起 12 个月内有效； 公司同日审议通过了 ...

Investment Rating - The investment rating for the company is "Buy" with a target price of 11.13 RMB [7][8]. Core Insights - The company achieved a revenue of 10.212 billion RMB in 2024, a year-on-year increase of 3.69%, while the net profit attributable to shareholders was a loss of 5.53 billion RMB, which is a significant improvement of 44.29% year-on-year [1][2]. - In Q1 2025, the company reported a revenue of 2.177 billion RMB, a decrease of 11.71% year-on-year, but managed to turn a profit with a net profit of 0.03 billion RMB [1][2]. - The strong growth in the automotive optical business, which saw a year-on-year increase of 120%, helped offset declines in other segments, particularly in touch display and terminal manufacturing [1][2][3]. - The company is expected to benefit from the rapid growth in automotive optical demand, with projections indicating that revenue from this segment could exceed 3.5 billion RMB in 2025, increasing its share of total revenue from 20.2% in 2024 to 31.2% in 2025 [3][4]. Summary by Sections Financial Performance - In 2024, the optical lens and module business generated revenue of 4.156 billion RMB, a year-on-year increase of 34.2%, with automotive optical revenue reaching 2.06 billion RMB [2]. - The touch display business saw a significant decline, with revenue dropping to 2.560 billion RMB, a decrease of 17.57% year-on-year [2]. - The company incurred a total impairment loss of approximately 420 million RMB in the touch display segment, contributing to the overall loss for the year [2]. Future Outlook - The automotive optical business is projected to grow rapidly, driven by the increasing adoption of advanced driver-assistance systems (ADAS) in vehicles, with the number of cameras per vehicle expected to rise significantly [3]. - The company plans to expand its camera applications into AR/VR and humanoid robots, indicating potential for diversification and growth in new markets [3]. Valuation and Estimates - Revenue forecasts for 2025 and 2026 are maintained at 11.338 billion RMB and 12.341 billion RMB, respectively, with a new estimate for 2027 at 13.334 billion RMB [4]. - The net profit estimates for 2025 and 2026 have been adjusted downwards to 200 million RMB and 370 million RMB, respectively, due to anticipated increases in operating expenses [4]. - The company is valued at a price-to-earnings ratio of 59.6x for 2025, with the optical business commanding a higher multiple of 36.5x [4][13].

Summary of the Conference Call for Lianchuang Electronics Company Overview - **Company**: Lianchuang Electronics - **Industry**: Optical components and modules, particularly in automotive and consumer electronics Key Points Financial Performance - In Q1 2025, Lianchuang Electronics' optical business revenue exceeded 700 million yuan, with lens sales at 440 million yuan and module sales at 270 million yuan, making optical business account for over 50% of total revenue [2][3] - The company aims for a total revenue of 11 billion yuan in 2025, with optical business revenue expected to reach 5.5 billion yuan, striving for profitability [2][5] - The automotive optical revenue is projected to be between 3.5 billion to 4 billion yuan for 2025, with expectations to exceed 5 billion yuan in 2026 [4][14] Production Capacity - The Hefei factory's capacity is approximately 3 million units by March 2025, expected to reach 4 to 5 million units by year-end, with a total planned capacity of 50 million units for the year [2][6] - The factory primarily focuses on automotive lenses, while consumer electronics lenses are produced in Nanchang [6] Market Dynamics - North American vehicle sales did not see significant growth in Q1 2025, but order volumes increased, potentially due to U.S.-China trade issues and supply gaps among customers [7] - The demand for automotive lenses from BYD remains stable, with no current reports of chip shortages affecting production [9] - The consumer electronics market, especially in robotics and AI-related products, is anticipated to become the second-largest market for automotive optical components, expected to see explosive growth in three years [8][20] Inventory and Impairment - Inventory increased in Q1 2025 due to the expansion of automotive business and longer domestic supply cycles, with overseas clients stockpiling in response to the U.S.-China environment [12][13] - The company recorded a 300 million yuan impairment in inventory, primarily in the touch display business, continuing a trend from previous years [3][10] Future Outlook - The automotive optical business is entering a stable growth phase, with growth rates expected to decline from 50%-60% to 30%-40% over the next few years [19] - The company is also exploring opportunities in the robotics sector, leveraging its experience in automotive optics to meet high specifications and large demands in this emerging market [20][21] Product Development - Lianchuang has developed lenses with over 1,500 megapixels, but their application timeline remains uncertain due to high computational requirements [4][16][17] - The company is also working on integrating various optical solutions beyond lenses, including AR HUDs and smart headlights, to position itself as a comprehensive optical solution provider for the automotive industry [23] Challenges and Risks - The company faces challenges in the smartphone lens market due to intense competition, leading to a projected contraction in this segment [24] - The development of AI and AR glasses is ongoing, but significant breakthroughs or partnerships are yet to be realized [25] Q2 2025 Expectations - The optical business, particularly automotive optics, is expected to continue its high growth trajectory into Q2 2025, with profits anticipated to maintain the momentum seen in Q1 [26]

Core Viewpoint - In 2024, Lianchuang Electronics Technology Co., Ltd. reported a slight increase in revenue but continued to face net losses, indicating challenges in profitability despite some operational improvements [1][2]. Financial Performance - Revenue for 2024 reached 10.21 billion yuan, a 3.69% increase from 2023's 9.85 billion yuan, driven primarily by a 34.21% growth in optical components revenue [2] - The net profit attributable to shareholders was -552.82 million yuan, an improvement of 44.29% from the previous year's loss of -992.39 million yuan, but still indicating a loss [2] - The basic earnings per share improved to -0.52 yuan from -0.93 yuan, reflecting a reduction in loss [2] Expense Management - Total expenses decreased slightly to 1.32 billion yuan from 1.36 billion yuan in 2023 [3] - Sales expenses fell by 12.62%, indicating effective cost control in sales strategies [3] - R&D expenses decreased by 16.67%, raising concerns about future innovation capabilities despite recent successes in optical products [3] Cash Flow Analysis - The net increase in cash and cash equivalents was -571.81 million yuan, indicating ongoing liquidity pressure [4] - Operating cash flow improved significantly by 64.16% to 345.17 million yuan, suggesting better cash collection from operations [4] - Investment cash flow remained negative at -1.46 billion yuan, reflecting ongoing capital expenditures for asset acquisition [4] Management Compensation - The chairman received a pre-tax compensation of 1.29 million yuan, which is considered reasonable in relation to the company's performance [10] - The president's compensation is included in the chairman's total, reflecting the company's overall performance improvement despite ongoing losses [11] - Vice presidents received varying compensation levels, aligned with their responsibilities and contributions [12] Overall Assessment - Lianchuang Electronics showed growth in certain business segments and improved operating cash flow, but still faces significant challenges such as net losses and competitive pressures in the industry [1][2][4]