证券代码：002179 证券简称：中航光电 公告代码：2024-044号 中航光电科技股份有限公司 关于变更公司英文全称及修订《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。 中航光电科技股份有限公司（以下简称"公司"或"中航光电"）2024年10 月29日召开的第七届董事会第十三次会议审议通过了《关于变更公司英文全称及 修订<中航光电科技股份有限公司章程>的议案》。该议案在提交董事会前，已 经公司董事会提名与法治委员会2024年第四次会议审议通过并获全票同意。该议 案尚需提交股东大会审议批准。具体情况如下： 一、拟变更公司英文名称及修订公司章程的说明 二、其他说明 （一）除上述变更外，公司中文全称、中文简称、英文简称及证券代码均未 发生变化。 （二）《中航光电科技股份有限公司章程》拟修订内容最终以市场监督管理 部门核准登记为准，同时提请公司股东大会授权公司管理层或其授权代表在股东 大会审议通过该议案后办理工商变更登记、章程备案等相关事宜。 中航光电科技股份有限公司 董 事 会 二〇二四年十月三十日 为适应新形势下中航光电国际市场业务品牌推广 ...

证券代码：002179 证券简称：中航光电 公告代码：2024-045号 中航光电科技股份有限公司 关于与洛阳光联基金开展战略合作的公告 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。 中航光电科技股份有限公司（以下简称"公司"或"中航光电"）拟与洛阳 光联产业投资基金合伙企业(有限合伙)（以下简称"洛阳光联基金"）开展战略 合作，拟为洛阳光联基金管理人提供项目挖掘、产业研判等支持，公司不参与洛 阳光联基金的出资及经营管理。公司2024年10月29日召开第七届董事会第十三次 会议审议通过了《关于公司与洛阳光联基金开展战略合作的议案》。该议案在提 交董事会前，已经公司董事会战略与投资委员会2024年第一次会议审议通过并获 全票同意。 一、洛阳光联基金及基金管理人概况 基金名称：洛阳光联产业投资基金合伙企业(有限合伙) 类型：有限合伙企业 成立日期：2024 年 9 月 25 日 出资额：3 亿元人民币 执行事务合伙人：洛阳创业投资有限公司（委派代表:陈博） 注册地址：河南省洛阳市洛龙区开元大道 218 号洛阳日报社报业集团 5 层 501 室 合伙人信息： | ...

北京市金杜律师事务所 关于中航光电科技股份有限公司 2024 年第二次临时股东大会之法律意见书 致：中航光电科技股份有限公司 北京市金杜律师事务所（以下简称本所）接受中航光电科技股份有限公司 （以下简称公司）委托，根据《中华人民共和国证券法》（以下简称《证券法》）、 《中华人民共和国公司法》（以下简称《公司法》）、中国证券监督管理委员会《上 市公司股东大会规则（2022 年修订）》（以下简称《股东大会规则》）等中华人 民共和国境内（以下简称中国境内，为本法律意见书之目的，不包括中国香港 特别行政区、中国澳门特别行政区和中国台湾地区）现行有效的法律、行政法 规、规章和规范性文件和现行有效的《中航光电科技股份有限公司章程》（以下 简称《公司章程》）有关规定，指派律师出席了公司于 2024 年 9 月 13 日召开 的公司 2024 年第二次临时股东大会（以下简称本次股东大会），并就本次股东 大会相关事项出具本法律意见书。 为出具本法律意见书，本所律师审查了公司提供的以下文件，包括但不限 于： 1 本所同意将本法律意见书作为本次股东大会的公告材料，随同其他会议文 件一并报送有关机构并公告。除此以外，未经本所同意，本 ...

证券代码：002179 证券简称：中航光电 公告代码：2024-040号 中航光电科技股份有限公司 2024年第二次临时股东大会决议公告 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。 一、重要提示 （一）本次股东大会未出现否决议案的情况； （二）本次股东大会未涉及变更以往股东大会决议。 二、会议召开和出席情况 （一）会议召开情况 1、召开时间： 现场会议时间：2024 年 9 月 13 日（星期五）上午 10:00 网络投票时间：通过深圳证券交易所交易系统投票的时间为 2024 年 9 月 13 日的交易时间，即 9:15－9:25，9:30－11:30 和 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 2024 年 9 月 13 日 9:15-15:00。 2、现场会议召开地点：中国（河南）自由贸易试验区洛阳片区浅井南路 6 号中航光电科技股份有限公司 11 楼会议室（一） 3、会议表决方式：现场记名投票与网络投票相结合 本次股东大会采取现场记名投票与网络投票相结合的方式审议通过了如下议案： 1、审议通过"关于补选第七届监事会监事 ...

本公司及监事会全体成员保证公告内容真实、准确、完整，并对公告中 的虚假记载、误导性陈述或者重大遗漏承担责任。 中航光电科技股份有限公司（以下简称"公司"或"中航光电"）第七 届监事会第十次会议于 2024 年 9 月 13 日在公司十一楼会议室（二）以现场 及视频结合通讯方式召开，会议通知及会议资料已于 2024 年 9 月 9 日以书 面、电子邮件方式送达各位监事。会议应参加表决监事 5 人，实际参加表决 监事 5 人，其中监事吴筠、卢双成以通讯方式表决，部分高级管理人员以视 频方式列席。本次会议的召开和表决程序符合《公司法》《公司章程》等有 关法律法规的规定。 证券代码：002179 证券简称：中航光电 公告代码：2024-041号 中航光电科技股份有限公司 第七届监事会第十次会议决议公告 参会监事共同推举王焕文先生主持本次会议，经与会监事认真审议并投 票表决，以赞成票 5 票、反对票 0 票、弃权票 0 票，审议通过了"关于选举 公司第七届监事会主席的议案"。 经审议，监事会成员一致认为：同意王焕文先生担任公司第七届监事会 主席，任期自本次监事会审议通过之日起至公司第七届监事会届满之日止。 王焕文先生简 ...

Group 1: Company Overview and Business Focus - AVIC Optoelectronics specializes in high-end optical, electrical, and fluid connection technologies, providing interconnection solutions for aviation, defense, and high-end manufacturing sectors with over 500 series and 350,000 varieties of products [2] - Key products include electrical connectors, optical devices, cable assemblies, fluid devices, and liquid cooling equipment, widely used in defense, commercial aerospace, telecommunications, data centers, and other high-end manufacturing fields [2] Group 2: Strategic Development and Future Planning - The company is actively pursuing strategic emerging industries and future industries, focusing on low-altitude economy, commercial aviation, satellite internet, data centers, and new energy equipment [3] - Plans to enhance product diversification and accelerate business growth by investing in liquid cooling, microwave components, high-end sensors, and advanced ceramics [3] Group 3: Liquid Cooling Business - AVIC Optoelectronics is one of the early suppliers of comprehensive liquid cooling solutions in China, with a compound annual growth rate exceeding 50% over the past five years [3] - Main products include liquid cooling connectors, pipelines, and systems, applied in supercomputing, data centers, and telecommunications [3] Group 4: Civil Aviation and Low-altitude Economy - The company is committed to supporting domestic large aircraft manufacturing, providing connectors and electronic equipment, with several products certified for airworthiness [4] - Plans to establish a civil aviation and industrial interconnection industrial park to meet future capacity needs [5] Group 5: Financial Performance and Market Outlook - The company experienced a decline in performance in the first half of 2024 due to a slowdown in defense sector orders, but there is a recovery trend in orders [4] - The company aims to achieve stable growth in performance throughout the year, adhering to the targets set by the board [4] Group 6: Competitive Advantages - AVIC Optoelectronics competes with international firms like Amphenol and TE Connectivity, leveraging its ability to provide customized interconnection solutions and strong technical development capabilities [4] - The company emphasizes rapid response and service assurance, optimizing delivery capabilities to meet customer demands efficiently [4] Group 7: New Energy Vehicle Market - The company has been involved in the new energy vehicle connector business since 2009, focusing on interconnection and charging solutions [5] - Products include high-voltage connectors and charging solutions, supplied to major domestic and international automotive manufacturers [5] Group 8: Capital Operations and Investor Relations - AVIC Optoelectronics is committed to capital operations, seeking opportunities for mergers and acquisitions aligned with its core business [6] - The company has implemented 17 cash dividend distributions since its listing, with a total of approximately 2.8 billion yuan in cash dividends over the past three years, maintaining a payout ratio exceeding 30% [6]

股 票 研 究 证 券 研 究 报 告 ——中航光电 2024 年中报点评 | --- | --- | --- | |----------|-----------------------------------|----------------------------| | | | | | | [table_Authors] 彭磊 ( 分析师 ) | 周明 頔 ( 研究助理 ) | | | 010-83939806 | 010-83939792 | | | penglei018712@gtjas.com | zhoumingdi028698@gtjas.com | | 登记编号 | S0880518100003 | S0880123070156 | 本报告导读： 公司 2024 年半年报发布，二季度业绩环比明显改善，盈利能力持续提升，目前在手 订单呈现恢复趋势，预计全年有望实现稳定增长。 投资要点： [Table_Summary] 维持目标价 57.04 元，维持"增持"。公司 2024 二季度营收及净利环 比改善明显，反映出下游需求韧性较强，公司全年有望实现稳定增 长。下调公司 2024-26 年 EPS ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [6] Core Views - The company reported a significant narrowing of profit decline quarter-on-quarter, indicating a positive outlook for the second half of the year [9] - In H1 2024, the company achieved revenue of 9.197 billion yuan, a year-on-year decrease of 14.5%, while Q2 revenue was 5.184 billion yuan, down 4.3% year-on-year [9] - The net profit attributable to the parent company for H1 2024 was 1.668 billion yuan, a decrease of 14.6% year-on-year, with Q2 net profit at 917 million yuan, down 4.5% year-on-year [9] - The sales gross margin for Q2 2024 was 38.47%, showing an increase of 1.87 percentage points year-on-year and 2.92 percentage points quarter-on-quarter, indicating improved operational efficiency [9] - The company has effectively controlled its period expenses, which amounted to 1.517 billion yuan in H1 2024, a decrease of 10.64% year-on-year, demonstrating strong cost management capabilities [9] - To meet its financial budget for 2024, the company needs to achieve a revenue growth of 38.49% in H2 2024, reaching at least 12.903 billion yuan [9] - The company is expected to maintain stable growth with projected revenues of 22.126 billion yuan, 26.278 billion yuan, and 31.743 billion yuan for 2024, 2025, and 2026 respectively, reflecting year-on-year growth rates of 10.22%, 18.77%, and 20.80% [10] Financial Data Summary - In 2024E, the company's revenue is projected to be 22.126 billion yuan, with a growth rate of 10.22% [10] - The net profit attributable to the parent company for 2024E is expected to be 3.715 billion yuan, with a growth rate of 11.25% [10] - The earnings per share (EPS) for 2024E is projected to be 1.75 yuan [10] - The price-to-earnings (P/E) ratio for 2024E is estimated at 21.0 [10] - The company’s asset-liability ratio is 36.19% [6]

证券代码：002179 证券简称：中航光电 中航光电科技股份有限公司投资者关系活动记录表 | --- | --- | --- | |------------------|-----------------------|---------------------------------------------------------------------------------------------------------------------| | 投资者关系活动类 | | □特定对象调研 □分析师会议 | | 别 | □媒体采访 | ■业绩说明会 | | | □新闻发布会 □路演活动 | | | | □现场参观 | | | | □其他 | （请文字说明其他活动内容） | | | | 活动参与人员 投资者参会人员：易方达基金、长江证券、南方基金、鹏华基金、 | | | | 华夏基金、惠华基金、广发基金、汇添富基金、富国基金、银华基 | | | | 金、嘉实基金、交银施罗德基金、银河证券、中航证券、国泰君安 | | | | 证券、中金公司、中欧基金、中信建投证券、中信证券、兴全基 | | | | 金、安信 ...

Investment Rating - The report maintains a "Recommended" rating for the company with a target price of 34.47 yuan [1]. Core Views - The company's performance in Q2 2024 showed a significant improvement compared to Q1 2024, with a revenue of 51.84 billion yuan, a year-on-year decrease of 4.3%, but a quarter-on-quarter increase of 22.2% [1]. - The company is positioned as a leader in the domestic special connector market and aims to become a "global first-class" interconnection solution provider, focusing on expanding strategic emerging industries and enhancing its industrial layout [1][2]. - The company has a solid foundation for long-term development with the completion of its basic component industrial park, which is expected to contribute to future growth [1]. Financial Summary - For the first half of 2024, the company achieved a revenue of 91.97 billion yuan and a net profit attributable to shareholders of 16.68 billion yuan, both showing a year-on-year decline of approximately 14.5% [1]. - The gross profit margin remained stable at 37.2%, with a net profit margin of 19.2% in Q2 2024, indicating a slight improvement in profitability [1]. - The company expects net profits attributable to shareholders to reach 36.94 billion yuan, 43.45 billion yuan, and 49.75 billion yuan for the years 2024, 2025, and 2026 respectively, reflecting a growth trajectory [2]. Revenue and Profit Forecast - The projected total revenue for 2024 is 22.13 billion yuan, with a growth rate of 10.3% compared to 2023 [2]. - The net profit attributable to shareholders is expected to be 3.69 billion yuan in 2024, representing a growth rate of 10.6% [2]. - The earnings per share (EPS) is forecasted to be 1.74 yuan for 2024, with a price-to-earnings (PE) ratio of 20 [2]. Operational Efficiency - The company has shown improvement in operating cash flow, with a net cash flow from operating activities of 1.43 billion yuan in the first half of 2024 [1]. - The inventory turnover days are projected to decrease from 122.78 days in 2023 to 110.81 days by 2026, indicating enhanced operational efficiency [2]. Dividend Policy - The company has maintained a balanced approach to dividends, with a cumulative cash dividend of 1.46 billion yuan over the past three years, reflecting its commitment to shareholder returns [1].