1、实际募集资金金额、资金到位时间 经中国证券监督管理委员会证监许可〔2023〕1983 号文同意注册，并经深圳证券交 易所同意，公司 2023 年度向特定对象发行股票的工作已经完成，共计发行 99,718,919 股，每股发行价格 13.88 元，募集资金总额为人民币 1,384,098,595.72 元，扣除承销费 用、保荐费用人民币 5,500,000.00 元后的余款人民币 1,378,598,595.72 元已划入公司指 定账户，上述募集资金已经天衡会计师事务所（特殊普通合伙）审验，并于 2023 年 12 月 14 日出具《验资报告》（天衡验字（2023）00132 号）。公司对募集资金采取了专户存 储管理。 国光电器股份有限公司 2024 年半年度募集资金存放与使用情况专项报告 国光电器股份有限公司 2024 年半年度募集资金存放与使用情况的专项报告 证券代码：002045 证券简称：国光电器 编号：2024-55 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。 根据中国证监会发布的《上市公司监管指引第 2 号——上市公司募集资金管理和使 用的监管 ...

注 1：于 2024 年 6 月 30 日，本集团应收 KV2 Audio Inc.的余额为 79.59 万美元(等值于人民币 567.24 万元)，主要是本集团以往年度销售音箱给予 KV2 Audio Inc.尚未结算之货款，期末余额变动主要为汇率调整。由于该应收账 款账龄在一年以上，视为非经营性往来。根据对 KV2 Audio Inc.财务状况的判断，本集团认为该应收款项难以收回，因此已在以往年度全额计提坏账准备。 国光电器股份有限公司 2024 年半年度非经营性资金占用及其他关联资金往来情况汇总表 | 编制单位：国光电器股份有限公司 | | | | | | | | | | 单位：万元 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 非经营性资金占 用 | 资金占用方名称 | 占用方与上市公 司的关联关系 | 上市公司核算 的会计科目 | 2024年初占用资 金余额 | 2024 上半年度占用 累计发生金额(不 | 2024 上半年度 占用资金的利 | 2024 上半年度 偿还累计发生 | 2024 年 6 月 ...

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：2024-51 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。 二、担保进展情况 近期，公司与银行签署相关对外担保合同，为公司全资子公司梧州国光向银行申请信用贷 款提供对外担保。具体情况如下： | 序 | 被担保 | 担保额 | 债权人 | 担保方 | 担保期间 | 合同名称 | | --- | --- | --- | --- | --- | --- | --- | | 号 | 人 | 度 | | 式 | | | | 1 | 梧州国 | 5,000万 元人民 | 中国进出口银 行广西壮族自 | | 主合同项下债务 履行期届满之日 | 《保证合同》 （编号： CHET23200000820240 | | | 光科技 | | | 连带责 | | | | | 发展有 | | | 任担保 | | | | | 限公司 | 币 | 治区分行 | | 起三年 | 700000008） | 三、担保人及被担保人基本情况 （一）担保人及被担保人基本情况 | 被担保人 | | | | ...

国光电器股份有限公司 关于向特定对象发行股票限售股上市流通的提示性公告 证券代码：002045 证券简称：国光电器 编号：2024-50 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。 特别提示： 1、国光电器股份有限公司（以下简称"公司"或"国光电器"）本次解除限售股份为公司 2023 年度向 特定对象发行的股票，解除限售股份的数量为 99,718,919 股，占公司目前总股本的 17.5530%。 2、公司本次解除限售股份的上市流通日期为 2024 年 7 月 26 日。 一、本次解除限售股份取得的基本情况 经中国证券监督管理委员会《关于同意国光电器股份有限公司向特定对象发行股票注册的批复》（证监 许可〔2023〕1983 号）同意注册，公司向 20 名特定对象发行人民币普通股（A 股）99,718,919 股，新增股 份已于 2024 年 1 月 22 日在深圳证券交易所上市。 本次发行后至本公告披露日，公司未发生导致股本变动的情形。公司未发生因利润分配、资本公积金转 增股本等需要对本次拟解除限售股东持有的限售股份数量进行调整的事项。 三、本次上市流通的限 ...

申万宏源证券承销保荐有限责任公司 关于国光电器股份有限公司 向特定对象发行股票限售股上市流通的核查意见 根据《证券发行上市保荐业务管理办法》《深圳证券交易所上市公司自律监 管指引第 13 号——保荐业务》《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》等有关法律、法规的规定，申万宏源证券承销保荐 有限责任公司（以下简称"申万宏源承销保荐"或"保荐机构"）作为国光电器股份 有限公司（以下简称"国光电器"、"上市公司"或"公司"）持续督导工作的保荐机 构，对国光电器向特定对象发行股票限售股上市流通事项进行了审慎核查，并出 具核查意见如下： 一、本次解除限售股份取得的基本情况 经中国证券监督管理委员会《关于同意国光电器股份有限公司向特定对象发 行股票注册的批复》（证监许可〔2023〕1983 号）同意注册，公司向 20 名特定 对象发行人民币普通股（A 股）99,718,919 股，新增股份已于 2024 年 1 月 22 日 在深圳证券交易所上市。 本次发行股份为有限售条件股份，发行对象认购的本次向特定对象发行的股 票自上市之日起 6 个月内不得转让，具体发行情况如下： | 序 | 股东 ...

国光电器股份有限公司 关于签订募集资金现金管理专用结算账户三方监管协议的公告 证券代码：002045 证券简称：国光电器 编号：2024-49 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、募集资金基本情况 经中国证券监督管理委员会证监许可〔2023〕1983 号文核准，并经深圳证券交易所同意，国光电器股 份有限公司（以下简称"公司"）2023 年度向特定对象发行股票的工作已经完成，共计发行 99,718,919 股，扣除发行费用（不含税）后实际募集资金净额人民币 1,375,375,037.52 元，上述募集资金已经天衡 会计师事务所（特殊普通合伙）审验，并于 2023 年 12 月 14 日出具《验资报告》（天衡验字（2023） 00132 号）。 公司于 2023 年 12 月 22 日召开了第十届董事会第二十六次会议、第十届监事会第十八次会议，审议 通过了《关于使用暂时闲置募集资金进行现金管理的议案》，同意公司自董事会审议通过之日起 12 个月内 使用不超过 75,000.00 万元暂时闲置募集资金进行现金管理，在前述额度和期限内，资金可循环滚动使 ...

Investment Rating - The report initiates coverage with an "Overweight" rating for the company, citing its strong position in the AI-driven smart speaker market and its potential for growth in VR/AR and automotive audio sectors [34][37][40] Core Views - The company is a global leader in electro-acoustic manufacturing, with a strong focus on smart speakers, automotive audio, and VR/AR, which are expected to drive future growth [34][37] - The smart speaker market is entering a new phase with AI integration, and the company is well-positioned to benefit from this trend due to its partnerships with major tech firms and its innovative product offerings [35][37] - The VR/AR sector is poised for significant growth, with the company being a key supplier of acoustic modules and expanding into full VR headset production [36][37] Financial Summary - Revenue is projected to grow from RMB 7.539 billion in 2024E to RMB 10.844 billion in 2026E, driven by smart speakers, automotive audio, and VR/AR [1][38] - Net profit is expected to increase from RMB 340 million in 2024E to RMB 510 million in 2026E, with a CAGR of 22.5% [1][38] - The company's gross margin is forecasted to remain stable at 15.1% from 2024E to 2026E, supported by a shift from OEM to higher-margin JDM models [1][38] Industry Analysis - The global smart speaker market is expected to rebound with the integration of AI models, which will enhance user interaction and drive demand for new and upgraded devices [73][74] - The VR/AR market is set to grow significantly, with major players like Apple and Meta leading the way, and the company is well-positioned to benefit from this growth through its acoustic module and VR headset production capabilities [102][103][116] Company Operations - The company has a diversified product portfolio, including smart speakers, automotive audio, and VR/AR components, with a strong focus on R&D and innovation [34][36][37] - It has established long-term relationships with major clients such as Baidu, Harman, and Logitech, which provide a stable revenue base and opportunities for growth [34][37][96] - The company is expanding its production capabilities, particularly in VR/AR, with plans to increase VR headset production to 1 million units annually and acoustic module production to 24 million units [116][120] Valuation and Projections - The company's P/E ratio is expected to decrease from 22x in 2024E to 15x in 2026E, reflecting strong earnings growth and a favorable valuation compared to peers [38][40] - Revenue from smart speakers is projected to grow at a CAGR of 27.1% from 2024E to 2026E, driven by AI integration and market expansion [1][38] - VR/AR revenue is expected to grow significantly, with the company benefiting from its position as a key supplier to major VR headset manufacturers [36][37][116]

Financial Performance - The company expects a net profit attributable to shareholders of between 97 million and 112 million CNY for the first half of 2024, representing an increase of 50.62% to 73.91% compared to the same period last year [3]. - The net profit after deducting non-recurring gains and losses is projected to be between 65.03 million and 80.03 million CNY, reflecting an increase of 20.70% to 48.54% year-on-year [3]. - The basic earnings per share are estimated to be between 0.18 CNY and 0.20 CNY, compared to 0.14 CNY per share in the same period last year [3]. Business Strategy - The company has maintained a strategy focused on developing and deepening relationships with major clients, which has contributed to increased sales and performance growth during the reporting period [5]. Audit Status - The performance forecast has not been audited by an accounting firm, but preliminary discussions have taken place without significant discrepancies [4].

Investment Rating - The report assigns a "Buy" investment rating to the company, indicating a positive outlook for its stock performance [8][35]. Core Insights - The company has demonstrated significant revenue growth, with a notable increase in the proportion of high-margin products. In 2023, the company achieved a revenue of 5.933 billion yuan, a slight decrease of 1.01% year-on-year, but the net profit attributable to shareholders rose by 102% to 361 million yuan [8][35]. - The report highlights the company's strategic expansion into the lithium battery business and the expected benefits from the explosive growth in VR/AR markets, positioning it well for future opportunities [4][35]. - The introduction of advanced AI models, such as GPT-4o, is anticipated to enhance the performance of the company's audio products, including smart speakers and headphones, driving further growth [35]. Summary by Sections Performance Overview - In 2023, the company's revenue was 5.933 billion yuan, down 1.01% year-on-year, while the net profit reached 361 million yuan, up 102% [8][35]. - For Q1 2024, the company reported a revenue of 1.269 billion yuan, a year-on-year increase of 16.78%, and a net profit of 29 million yuan, up 307.93% [8][35]. Revenue Composition - In 2023, the company's revenue from speakers and audio products was 4.902 billion yuan, accounting for 82.62% of total revenue, a decrease of 6.54% year-on-year. The battery business generated 430 million yuan, a 14.69% increase, while electronic components contributed 532 million yuan, up 83.69% [8][35]. Future Projections - The company forecasts revenues of 7.380 billion yuan in 2024, 8.980 billion yuan in 2025, and 10.740 billion yuan in 2026, with corresponding EPS of 0.64, 0.76, and 0.92 yuan [9][35]. - The projected growth rates for revenue are 24.4% in 2024, 21.7% in 2025, and 19.6% in 2026 [9][35]. Strategic Initiatives - The company is focusing on the lithium battery sector, which includes soft-pack lithium batteries for various applications, and has seen growth in sales and net profit due to expanding overseas markets [35]. - The company has established deep partnerships with leading VR companies, positioning itself as a key supplier of acoustic modules, which is expected to enhance its market presence as VR products are launched [35].

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：2024-46 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"）于2024年4月12日召开的第十一届董事会第四 次会议及2024年5月7日召开的2023年度股东大会审议通过了《关于对外提供担保的议案》，同意 为相关公司提供额度为人民币233,000万元的担保，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2023年4月16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：2024-29）。 二、担保进展情况 近期，公司与各银行签署相关对外担保合同，为公司控股子公司融资授信等提供对外担保。 具体情况如下： | 序 | 被担保 | 担保额 | 债权人 | 担保方 | 担保期间 | 合同名称 | | --- | --- | --- | --- | ...