国光电器股份有限公司 关于对外提供担保的进展公告 证券代码：002045 证券简称：国光电器 编号：2025-74 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 一、担保情况概述 | | | | | | 每笔垫款的垫款日另 | | | --- | --- | --- | --- | --- | --- | --- | | | | | | | 加三年。任一项具体授 | | | | | | | | 信展期，则保证期间延 | | | | | | | | 续至展期期间届满后 | | | | | | | | 另加三年止。 | | | | | | | | 保证期间为主债权的 清偿期届满之日起三 | | | | | 20,000 | 中国银行股份 | | 年。如主债权为分期清 | 《保证合同》 | | | 江西国 | | | 连带责 | | （编号：国光 | | 2 | 光电子 | 万元人 | 有限公司萍乡 | 任保证 | 偿，则保证期间为自本 | 保字202501 | | | | 民币 | 市分行 | | 合同生效之日起至最 | 号） | | | | | | | 后一期债 ...

Core Insights - Despite revenue growth, Guoguang Electric is facing significant challenges with declining profitability, indicating a struggle with the "growth without profit" dilemma [1][2] - The company is undergoing a critical phase of business transformation and structural adjustment, which is compounded by multiple operational pressures [1] Revenue and Profitability - Guoguang Electric's latest quarterly report shows a stark contrast between increasing revenue and sharply declining net profit, highlighting severe challenges in profitability quality [2] - The company's gross margin has decreased, squeezing product profitability, while substantial increases in management, R&D, and financial expenses have further eroded profit margins [2] - The net profit, excluding non-recurring gains and losses, has shown a more severe downturn, indicating a loss in core business operations [2] Financial Structure and Risks - The company's debt burden has increased, with a rise in interest-bearing liabilities, which heightens financial risk [3] - Although operating cash flow per share has improved year-on-year, the overall cash flow generated from operations remains insufficient to cover debts, putting pressure on daily operations [3] - Guoguang Electric has significant accounts receivable, raising concerns about collection risks, and has made provisions for impairment on certain long-term equity investments and bad debts related to financial support for affiliates [3] - Recent investments in business expansion, including new production facilities and increased R&D team size, while aimed at long-term growth, have added to the financial burden and pressured cash flow in the short term [3] Strategic Focus - The company must prioritize enhancing cost control and operational efficiency while optimizing asset allocation and improving cash flow [3] - Strengthening internal management foundations is essential for Guoguang Electric to achieve stable operational performance amid ongoing transformation and market competition [3]

Core Viewpoint - Guoguang Electric is a significant player in the domestic audio and electroacoustic industry, focusing on the design, manufacturing, and sales of audio systems and speaker units, with a strong presence in various concept sectors such as AI and the metaverse [1] Financial Performance - In Q3 2025, Guoguang Electric reported revenue of 6.281 billion yuan, ranking 6th among 10 companies in the industry, while the industry leader, Transsion Holdings, achieved revenue of 49.543 billion yuan [2] - The net profit for the same period was 19.552 million yuan, placing the company 7th in the industry, with the top performer, Transsion Holdings, reporting a net profit of 2.216 billion yuan [2] Financial Ratios - As of Q3 2025, Guoguang Electric's debt-to-asset ratio was 59.23%, an increase from 57.81% year-on-year, and significantly higher than the industry average of 37.74% [3] - The gross profit margin for Q3 2025 was 13.05%, down from 13.79% year-on-year and below the industry average of 29.94% [3] Executive Compensation - The chairman, Lu Hongda, received a salary of 3 million yuan in 2024, an increase of 2 million yuan from 2023 [4] - The president, He Weicheng, saw his salary rise from 1.1561 million yuan in 2023 to 2.5121 million yuan in 2024 [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 9.87% to 78,800, while the average number of circulating A-shares held per shareholder increased by 10.95% to 7,127.33 [5] - Hong Kong Central Clearing Limited is the fifth-largest shareholder, holding 8.6752 million shares, an increase of 3.0468 million shares from the previous period [5] Growth Prospects - The company is expected to benefit from innovations in AI terminals and has plans for solid-state battery development, with projected net profits of 253 million yuan, 361 million yuan, and 466 million yuan for 2025, 2026, and 2027 respectively [5] - The company is focusing on smart hardware products, including AI speakers and AI glasses, with production plans already in place for AI glasses [5] - Guoguang Electric is also expanding into the automotive audio system market, with product launches expected in the coming years [6] - The company anticipates revenue growth to 10.24 billion yuan, 13.07 billion yuan, and 16.52 billion yuan for 2025, 2026, and 2027 respectively, with net profits projected at 240 million yuan, 330 million yuan, and 450 million yuan [6]

国光电器股份有限公司 特别提示： 被担保对象为公司全资子公司国光电器（香港）有限公司（以下简称"国光香港"），根据 国光香港最近一期财务数据（未经审计）显示，其资产负债率超过 70%，本次担保额度在公司 2024 年度股东大会审议通过的担保额度范围内，敬请投资者关注风险。 一、担保情况概述 国光电器股份有限公司（以下简称"公司"或"国光电器"）于2025年4月27日召开的第十 一届董事会第十七次会议及2025年5月19日召开的2024年度股东大会审议通过了《关于对外提供 担保的议案》，同意公司为国光电器（香港）有限公司（以下简称"国光香港"）等，广东国光 电子有限公司为国光电子（江西）有限公司和国光电子（越南）有限公司提供合计额度为人民币 282,000万元的担保，担保期限为股东大会审议通过之日起至下一年度对外担保事项审议的股东 大会召开之日止，担保期间任一时点的担保余额不超过股东大会审议通过的担保额度。详见公司 于2025年4月29日在巨潮资讯网（http://www.cninfo.com.cn）刊登的《关于对外提供担保的公 告》（公告编号：2025-33）。 二、担保进展情况 近期，公司与银行签署相关对外 ...

Core Viewpoint - The company has released its third-quarter financial report for 2025, highlighting significant changes in financial metrics and operational challenges due to the downturn in the real estate industry [3][4][5]. Financial Data Summary - The company reported a net profit attributable to shareholders of 23.14 million yuan for the third quarter and 89.34 million yuan for the first three quarters of 2025 [3]. - The company recognized impairment losses of 46.36 million yuan on long-term equity investments and 30.57 million yuan on financial assistance to its industrial park [3]. - The company’s cash and cash equivalents increased by 32% compared to the beginning of the year, primarily due to net inflows from operating activities and bank loans [5]. - Accounts receivable financing decreased by 30%, while other receivables dropped by 45% [5]. - Long-term receivables surged by 1062%, mainly due to increased employee loans [6]. - Fixed assets rose by 41% due to the completion of construction at the Vietnam production base [7]. Changes in Financial Metrics - Management expenses increased by 71% year-on-year, attributed to higher employee costs [15]. - Financial expenses saw a significant rise of 320%, driven by increased interest expenses and foreign exchange losses [15]. - Investment income skyrocketed by 1960%, largely due to gains from foreign exchange derivatives and financial product investments [15]. - The company reported a 642% increase in credit impairment losses, reflecting higher provisions for bad debts [15]. Cash Flow Analysis - Cash received from tax refunds increased by 33%, mainly due to higher export tax rebates [16]. - Cash payments to employees rose by 32%, reflecting increased salary expenses [16]. - Cash recovered from investments surged by 2107%, indicating a significant increase in the recovery of principal from financial products [16]. - Cash used for the construction of fixed assets increased by 52%, primarily due to investments in the Vietnam and Jiangxi production bases [16]. Corporate Governance - The board of directors and the supervisory board confirmed the authenticity and completeness of the quarterly report, ensuring compliance with legal and regulatory requirements [2][24]. - The company appointed a new vice president and a new financial director, indicating a shift in management structure [27][29].

1.以 3 票同意，0 票反对，0 票弃权审议通过《2025 年第三季度报告》 本公司及监事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导性陈 述或者重大遗漏。 国光电器股份有限公司（以下简称"公司"）第十一届监事会第十七次会议于 2025 年 10 月 21 日以电 子邮件的方式发出通知，于 2025 年 10 月 24 日在公司会议室以现场和通讯结合的方式召开，全体 3 名监事： 监事会主席杨流江、监事唐周波、彭静出席了会议，符合《公司法》和《公司章程》的规定，会议采取现 场表决和书面表决方式审议通过了以下议案： 国光电器股份有限公司 第十一届监事会第十七次会议决议公告 证券代码：002045 证券简称：国光电器 编号：2025-71 经审核，监事会认为董事会编制和审核的公司《2025 年第三季度报告》的程序符合法律、行政法规和 中国证监会的规定，报告内容真实、准确、完整地反映了公司的实际情况，不存在任何虚假记载、误导性 陈述或者重大遗漏。 特此公告。 国光电器股份有限公司 监事会 二〇二五年十月二十八日 ...

国光电器股份有限公司 第十一届董事会第二十一次会议决议公告 证券代码：002045 证券简称：国光电器 编号：2025-70 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导性陈 述或者重大遗漏。 2.以 5 票同意，0 票反对，0 票弃权审议通过《关于聘任公司副总裁的议案》 经公司提名委员会提名，并经第十一届董事会第二十一次会议审议通过，同意聘任王东先生为公司副 总裁，任期自本次董事会审议通过之日起至第十一届董事会任期届满之日止。 王东先生简历： 王东先生，现任公司第三事业部总经理，中国籍，男，1989 年出生，本科学历。2011 年加入公司。 此前曾任公司销售专员、项目经理、销售经理。 王东先生通过公司第三期员工持股计划持有公司股票 31 万股，与公司或其他控股股东及实际控制人 不存在关联关系，与其他持股 5%以上股东及其他董事、监事、高级管理人员无关联关系，未受过中国证券 监督管理委员会及其他有关部门的处罚和深圳证券交易所的纪律处分，不存在《中华人民共和国公司法》、 《深圳证券交易所上市公司自律监管指引第 1 号—主板上市公司规范运作》、《公司章程》中规定的不得 担任公司高级管理 ...

Financial Performance - Q3 2025 revenue was CNY 2,402,410,232.59, a decrease of 9.74% year-over-year, while year-to-date revenue increased by 10.22% to CNY 6,281,073,841.70[5] - The net profit attributable to shareholders for Q3 2025 was a loss of CNY 45,235,576.45, down 132.48% year-over-year, with a year-to-date profit of CNY 19,121,055.55, a decrease of 92.17%[5] - Basic and diluted earnings per share for Q3 2025 were both CNY -0.08, reflecting a 132.00% decline compared to the same period last year[5] - The company's net profit for the current period is CNY 19,552,022.18, a significant decrease from CNY 244,570,569.71 in the previous period, representing a decline of approximately 92%[25] - Operating profit has turned negative at CNY -34,481,023.92 compared to a positive CNY 240,984,043.24 in the previous period[25] Assets and Liabilities - Total assets at the end of Q3 2025 reached CNY 10,865,067,748.83, an increase of 14.56% from the end of the previous year[5] - Total current assets increased to ¥7,593,106,871.60 from ¥6,230,492,508.00, representing a rise of 21.8%[21] - Total liabilities rose to ¥6,435,183,008.41 from ¥5,203,684,245.74, marking an increase of 23.7%[22] - The company's total assets reached ¥10,865,067,748.83, up from ¥9,483,783,272.37, reflecting a growth of 14.6%[22] - The company's inventory decreased to ¥1,097,968,492.54 from ¥1,155,384,391.46, a decline of 4.9%[21] - The company reported a significant increase in short-term borrowings, which rose to ¥3,515,272,249.65 from ¥2,501,380,891.83, an increase of 40.5%[21] Cash Flow and Investments - Cash flow from operating activities for the year-to-date period was CNY 203,665,710.70, up 28.30%[5] - Cash received from the recovery of investments increased by 2,107% year-on-year, primarily due to the recovery of principal from financial products during the reporting period[14] - Cash received from investment income increased by 1,289% year-on-year, mainly due to the increase in income from financial products during the reporting period[14] - Cash paid for the construction of fixed assets, intangible assets, and other long-term assets increased by 52% year-on-year, primarily due to increased investment in the Vietnam and Jiangxi production bases[15] - Investment activities resulted in a net cash outflow of CNY -579,135,787.90, an improvement from CNY -1,368,634,626.96 in the previous period[28] Expenses and Impairments - Management reported a 71% increase in management expenses year-to-date, primarily due to rising employee costs[13] - R&D expenses increased by 45% year-to-date as the company enhanced its core competitiveness through team expansion[13] - The company recognized an impairment provision of CNY 46.36 million for long-term equity investments due to the downturn in the real estate sector[9] - Asset impairment losses increased by 322% year-on-year, primarily due to the provision for impairment on equity investments in industrial parks, with no such provision in the same period last year[14] - Other operating expenses decreased by 55% year-on-year, mainly due to a reduction in asset disposal losses during the reporting period[14] Revenue and Costs - Total operating revenue for the current period reached ¥6,281,073,841.70, an increase of 10.2% compared to ¥5,698,560,721.12 in the previous period[24] - Total operating costs amounted to ¥6,366,973,172.85, up from ¥5,483,782,116.13, reflecting a year-over-year increase of 16.1%[24]

Core Viewpoint - Guoguang Electric (002045) announced that as of the disclosure date, the company and its controlling subsidiaries do not have any overdue debts, guarantees related to lawsuits, or guarantees arising from judgments against them [1] Group 1 - The company has confirmed the absence of overdue debts [1] - There are no guarantees related to lawsuits involving the company or its subsidiaries [1] - The company does not face any financial obligations due to adverse judgments [1]

关于对外提供担保的进展公告 证券代码：002045 证券简称：国光电器 编号：2025-69 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 一、担保情况概述 国光电器股份有限公司（以下简称"公司"或"国光电器"）于2025年4月27日召开的第十 一届董事会第十七次会议及2025年5月19日召开的2024年度股东大会审议通过了《关于对外提供 担保的议案》，同意公司为广东国光电子有限公司（以下简称"国光电子"）等，广东国光电子 有限公司为国光电子（江西）有限公司和国光电子（越南）有限公司提供合计额度为人民币282,000 万元的担保，担保期限为股东大会审议通过之日起至下一年度对外担保事项审议的股东大会召开 之日止，担保期间任一时点的担保余额不超过股东大会审议通过的担保额度。详见公司于2025 年4月29日在巨潮资讯网（http://www.cninfo.com.cn）刊登的《关于对外提供担保的公告》（公 告编号：2025-33）。 二、担保进展情况 近期，公司与银行签署相关对外担保合同，为公司全资子公司国光电子向银行申请授信提供 对外担保。具体情况如下： 国光电器 ...