何伟成先生在公司工作已有 36 年，期间勤勉尽责、恪尽职守，公司及董事会对何伟成先生在担任公 司董事、总裁期间为公司发展做出的贡献表示衷心的感谢。 证券代码：002045 证券简称：国光电器 编号：2025-77 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。 国光电器股份有限公司 关于公司董事会、高级管理人员人事变动的公告 一、关于董事、总裁辞职的情况 国光电器股份有限公司（以下简称"公司"）于近日收到公司董事、总裁何伟成先生的书面辞职报告。 何伟成先生因身体健康问题，申请辞去公司董事、总裁、董事会下设专门委员会所任职务。辞职后，何伟 成先生将不在公司及控股子公司担任任何职务。 何伟成先生作为董事、总裁原定的任职期间为 2024 年 1 月 26 日至 2027 年 1 月 25 日。根据《中华人 民共和国公司法》及《公司章程》的有关规定，何伟成先生辞职后，不会导致公司董事会成员低于法定最 低人数，何伟成先生所负责的相关工作已进行交接，公司及董事会将提拔年轻干部并予以重用。何伟成先 生依规进行离任审计，其辞职不会影响公司正常运作和经营管理。何伟成先生关于董事、 ...

3.会议召开的合法、合规性：经公司第十一届董事会第二十二次会议审议，决定召开公司 2025 年第二次临时股东大会，会议召集程序符合有关法律、行政法规、部门规章、规范性文 件和公司章程的规定。 4.会议时间： 国光电器股份有限公司 关于召开 2025 年第二次临时股东大会的通知 证券代码：002045 证券简称：国光电器 编号：2025-79 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。 国光电器股份有限公司（以下简称"公司"）于 2025 年 11 月 12 日召开了第十一届董事会 第二十二次会议审议通过《关于召开 2025 年第二次临时股东大会的议案》，同意 2025 年 11 月 28 日召开 2025 年第二次临时股东大会，会议事项通知如下： 一.会议召开的基本情况 1.股东大会届次：公司 2025 年第二次临时股东大会。 2.会议召集人：公司董事会 （1）现场会议时间：2025 年 11 月 28 日（星期五）15 时 00 分 （2）网络投票时间：通过深圳证券交易所交易系统进行网络投票的时间：2025 年 11 月 28 日 9:15—9:25，9: ...

国光电器股份有限公司 第十一届董事会第二十二次会议决议公告 证券代码：002045 证券简称：国光电器 编号：2025-76 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。 国光电器股份有限公司（以下简称"公司"）董事会于 2025 年 11 月 8 日以电子邮件方式发出召开第 十一届董事会第二十二次会议的通知，并于 2025 年 11 月 12 日在公司会议室召开了会议。应到董事 4 人， 实际出席董事 4 人，占应到董事人数的 100%，没有董事委托他人出席会议，董事长陆宏达，董事王婕以现 场方式出席，独立董事谭光荣、冀志斌以通讯方式出席。本次会议由陆宏达董事长主持，部分监事和高级 管理人员列席会议。本次会议符合《公司法》等有关法律、法规、规范性文件和《公司章程》的规定,投 票表决的人数超过董事总数的二分之一，表决有效。经会议讨论，通过以下议案： 1.以 4 票同意，0 票反对，0 票弃权审议通过关于修改《公司章程》的议案 根据《中华人民共和国公司法》、《上市公司章程指引》、《深圳证券交易所股票上市规则》、《深 圳证券交易所上市公司自律监管指引第 1 号—— ...

| 公司名称 | 签约方 | 产品名称 | 产品类型 | 产品认购金 额（万元） | 资金来源 | 起始日期 | 到期日期 | | --- | --- | --- | --- | --- | --- | --- | --- | | 国光电器股 | 中国中金财 富证券有限 | 中国中金财富 证券安享1051 | 固定收益凭 | 11,000 | 募集资金 | 2025年11月 | 2026年1月 | | 份有限公司 | | | 证 | | | 日 11 | 日 20 | | | 公司 | 号收益凭证 | | | | | | 二、理财产品风险提示 1、流动性风险。根据证监会和证券业协会对证券公司风险管理的相关要求，发行人目前具备充足的流 动资金，可以满足日常运营及偿付到期债务的需求。但可能出现流动性短缺、无法及时获得充足资金等不 利情况。 述或者重大遗漏。 国光电器股份有限公司（以下简称"公司"）于 2025 年 1 月 23 日召开第十一届董事会第十三次会议、 第十一届监事会第十次会议，审议通过《关于延长使用部分暂时闲置募集资金进行现金管理的授权期限的 议案》，同意公司自董事会审议通过之日起 12 个月内使用不 ...

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 guarantee amounts due to adverse judgments [1] Group 1 - The company has confirmed the absence of overdue debts [1] - There are no guarantees related to ongoing lawsuits [1] - The company does not face any guarantee amounts due to losing judgments [1]

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].