中信证券股份有限公司、中航证券有限公司 关于中航光电科技股份有限公司 使用节余募集资金永久补充流动资金的核查意见 中信证券股份有限公司及中航证券有限公司（以下简称"联合保荐机构"） 作为中航光电科技股份有限公司（以下简称"中航光电"或"公司"）非公 开发行 A 股股票的联合保荐机构，根据《证券发行上市保荐业务管理办法》 《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——主板上市公司规范运作》以及《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要求》等相关规定，对中航光电使用节余 募集资金永久补充流动资金事项发表核查意见，具体情况如下： 为规范募集资金的管理和使用，2022 年 1 月，公司及联合保荐机构中信 证券股份有限公司、中航证券有限公司分别与两家监管银行中信银行股份有 限公司郑州分行、招商银行股份有限公司洛阳分行签署了《募集资金三方监 管协议》，公司及子公司中航光电（广东）有限公司及联合保荐机构中信证 券股份有限公司、中航证券有限公司与中国建设银行股份有限公司洛阳分行 签署了《募集资金四方监管协议》，并在监管银行开设募集资金专户。监管 协议的内容与深圳证 ...

中航光电科技股份有限公司章程 第一章 总 则 第一条 为确立中航光电科技股份有限公司（以下简称"公司" 或"本公司"）的法律地位，规范公司的组织与行为，坚持和加 强党的全面领导，坚持权责法定、权责透明、协调运转、有效制 衡的公司法人治理机制，完善公司法人治理结构，建设中国特色 现代国有企业制度，维护公司、股东和债权人的合法权益，根据 《中华人民共和国公司法》（以下简称《公司法》）、《中华人 民共和国企业国有资产法》（以下简称《企业国有资产法》）、 《中华人民共和国证券法》（以下简称《证券法》）、《中国共 产党章程》（以下简称《党章》）和其他有关规定，制订本章程。 第二条 中航光电科技股份有限公司系依照《公司法》和其他 有关规定成立的股份有限公司（以下简称"公司"）。 公司经经济贸易委员会"国经贸企改［2002］959"号文批准， 以发起方式设立。公司在洛阳市市场监督管理局注册登记，取得 企业法人营业执照。 第三条 公司于 2007 年 10 月 10 日经中国证券监督管理委员会 核准，首次向社会公众发行人民币普通股 3000 万股，并于 2007 年 11 月 1 日在深圳证券交易所上市。 第四条 公司注册名 ...

证券代码：002179 证券简称：中航光电 公告代码：2024-052号 中航光电科技股份有限公司 关于回购注销限制性股票激励计划部分限制性股票的公告 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。 特别提示： 1、本次回购注销A股限制性股票激励计划（第三期）的限制性股票数量为 1,390,346股，占目前公司总股本的0.0656%，占公司限制性股票激励计划（第三 期）授予股份总数的2.5844%。 2、本次回购注销事项尚需提交股东大会审议批准，审议通过后公司将根据 授权向相关部门申请办理。 3、本次回购注销在相关部门办理完手续后，公司将发布回购注销完成公告， 敬请投资者注意。 二十一次会议审议通过《关于公司 A 股限制性股票激励计划（第三期）（草案 修订稿）及其摘要的议案》，独立董事就本激励计划的修改发表了独立意见，律 师发表了相应的法律意见。 2022 年 11 月 30 日，公司 2022 年第二次临时股东大会审议通过《关于公司 A 股限制性股票激励计划（第三期）（草案修订稿）及其摘要的议案》《关于公 司限制性股票激励计划实施考核管理办法的议案》《关于提 ...

中航光电科技股份有限公司 第七届董事会第十四次会议决议公告 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。 中航光电科技股份有限公司（以下简称"公司"或"中航光电"）第七届董 事会第十四次会议于2024年12月2日以通讯方式召开。本次会议的通知及会议资 料已于2024年11月28日以书面、电子邮件方式送达全体董事。会议应参加表决董 事9人，实际参加表决董事9人。本次会议的通知、召开以及参会董事人数均符合 相关法律法规、规则及《公司章程》的有关规定。 本次会议由董事长郭泽义主持，与会董事经认真审议和表决，通过了以下议 案： 证券代码：002179 证券简称：中航光电 公告代码：2024-049号 三、以9票同意、0票反对、0票弃权审议通过了《关于减少注册资本并修订 〈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年第五次会议审议通过并获全票同意。《关于减 少注册资本并修订〈公司章程〉的公告》披露在2024年12月3日的《中国证券报》 《证券时报》和巨潮资讯网（www.cninfo.com.cn），修订后的《 ...

证券代码：002179 证券简称：中航光电 公告代码：2024-054号 中航光电科技股份有限公司 关于使用节余募集资金永久补充流动资金的公告 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 根据中国证券监督管理委员会《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要求》和《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》等规定，中航光电科技股份有限公司（以下简称 "公司"或"中航光电"）将使用节余募集资金永久补充流动资金的情况报告如 下： 一、募集资金基本情况 公司在非公开发行股票募集资金使用过程中严格按照《募集资金使用管理办 法》《募集资金三方监管协议》和《募集资金四方监管协议》的规定执行，保持 与保荐机构的沟通，并接受保荐机构的监督，不存在违反管理办法和协议约定的 情形。 公司在上述银行开设募集资金专户情况如下： | 单位：万元 | | --- | | 募集资金存储银行名称 | 专户账号 | 2023.12.31 | 2024.11.27 | 余额 | | | --- | --- | --- | --- | --- ...

Investment Rating - The report maintains an "Accumulate" rating for the company [1][29]. Core Viewpoints - The company has entered into a strategic partnership with Luoyang Guanglian Fund, providing project exploration and industry analysis support without participating in the fund's capital or management [1][7]. - The company's profit is under short-term pressure, with a revenue of 14.095 billion yuan for the first three quarters of 2024, a year-on-year decrease of 8.23%, and a net profit of 2.513 billion yuan, down 13.15% year-on-year [2][8]. - The company aims to achieve an annual revenue target of 22.1 billion yuan and a profit target of 4.11 billion yuan, requiring significant growth in Q4 2024 [2][27]. - Historical data shows that the net profit in Q4 typically accounts for a lower proportion of the annual total, indicating potential challenges in achieving quarterly targets [3][28]. - Profit forecasts have been adjusted, with expected net profits of 3.439 billion yuan, 4.375 billion yuan, and 5.324 billion yuan for 2024, 2025, and 2026 respectively, corresponding to PE ratios of 25.2, 19.8, and 16.3 times [4][29]. Financial Summary - For the first three quarters of 2024, the company reported a gross margin of 36.61%, a decrease of 2.18 percentage points year-on-year, and a net profit margin of 17.83%, down 1.01 percentage points year-on-year [19]. - The company’s cash flow from operating activities for the first three quarters was 725 million yuan, a year-on-year increase of 75.97% [23]. - As of the end of Q3 2024, accounts receivable totaled 12.939 billion yuan, an increase of 55.16% from the beginning of the year [24].

证券代码：002179 证券简称：中航光电 公告代码：2024-048号 中航光电科技股份有限公司 2024年第三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 11 月 19 日（星期二）上午 09:30 2、现场出席股东和网络投票股东情况 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 11 月 19 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 11 月 19 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 4、召集人：公司董事会 5、主持人：董事长郭泽义先生 6、本次股东 ...

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 年第三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 11 月 19 日召开 的公司 2024 年第三次临时股东大会（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. 经公司 2024 年第一次临时股东大会审议通过的《公司章程》； 2. 公司 2024 年 10 月 30 日刊登于 ...

Investment Rating - The report maintains a "Buy" rating for AVIC Optoelectronics (002179) [1] Core Views - AVIC Optoelectronics achieved a year-on-year revenue growth of 6.45% in Q3 2024, with a narrowing decline in net profit [1] - The company's overall orders have shown signs of recovery, and full-year performance is expected to grow [1] - The company's gross margin slightly declined, but cost control remained effective, maintaining stable profitability [1] - The company's military and civilian businesses are expected to sustain growth, driven by downstream demand in sectors such as military, communications, new energy vehicles, data centers, and photovoltaic energy storage [2] Financial Performance - In the first three quarters of 2024, AVIC Optoelectronics reported revenue of 14.095 billion yuan, a year-on-year decrease of 8.23%, and net profit of 2.513 billion yuan, a year-on-year decrease of 13.15% [1] - Q3 2024 revenue was 4.898 billion yuan, a year-on-year increase of 6.45%, while net profit was 845 million yuan, a year-on-year decrease of 10.14% [1] - The company's gross margin and net margin for the first three quarters of 2024 were 36.61% and 18.83%, respectively, down by 2.18 and 0.98 percentage points year-on-year [1] - The company's sales, management, R&D, and financial expense ratios were 2.1%, 5.64%, 8.82%, and -0.46%, respectively, with a total expense ratio of 16.1%, up 0.49 percentage points year-on-year [1] Business Segments - The company's civil business focuses on strategic emerging industries, with rapid development in liquid cooling, achieving a compound growth rate of over 50% in the past five years [2] - The company is actively expanding its civil aircraft business and providing supporting products and technical services for domestic large aircraft [2] - The company is also developing low-altitude economy solutions and promoting low-altitude aircraft interconnection solutions [2] Industry Outlook - The aerospace industry's financial performance has shown marginal improvement, with orders gradually recovering [2] - With the 14th Five-Year Plan entering its final year, military orders are expected to recover and grow, releasing delayed orders from previous years [2] - The company's downstream industries, including military, communications, new energy vehicles, data centers, and photovoltaic energy storage, are expected to maintain steady demand growth [2] Valuation and Forecast - The report revises down the company's revenue forecasts for 2024-2026 to 20.835 billion yuan, 24.931 billion yuan, and 28.764 billion yuan, respectively [3] - The net profit forecasts for 2024-2026 are revised down to 3.507 billion yuan, 4.373 billion yuan, and 5.149 billion yuan, respectively [3] - The corresponding P/E ratios for 2024-2026 are 26.13X, 20.96X, and 17.8X, indicating a relatively low valuation level [3] Historical Financial Data - In 2023, the company achieved revenue of 20.074 billion yuan, a year-on-year increase of 26.75%, and net profit of 3.339 billion yuan, a year-on-year increase of 22.86% [4] - The company's gross margin and net margin in 2023 were 37.95% and 16.63%, respectively [11] - The company's ROE in 2023 was 16.29%, with a debt-to-asset ratio of 38.11% [11]

Summary of the Conference Call Company Overview - The conference call was held by AVIC Optoelectronics to discuss the performance for the first three quarters of 2023 and future outlook. The call included key executives such as the General Manager and Chief Accountant. Key Points Financial Performance - The company reported a total sales revenue of 14 billion yuan for the first three quarters of 2023, a year-on-year decrease of 8% [1] - The net profit for the same period was 2.5 billion yuan, reflecting a 13% decline compared to the previous year, although the decline rate narrowed by 1.45 percentage points compared to the first half of the year [2] - The sales profit margin remained stable at 18.8%, consistent with the same period last year [2] Business Segments and Strategies - In the housing sector, the company is focusing on developing system-level solutions and enhancing strategic cost management to improve product competitiveness [2] - The company is targeting key clients with differentiated marketing strategies, which has led to a recovery in orders in the housing sector in the second half of the year [2] - The company is expanding into emerging markets, achieving rapid growth in data centers, new energy equipment, industrial equipment, and medical devices [3] - In the new energy sector, there has been significant growth in domestic procurement, particularly in high-pressure power supplies and intelligent networking [3] Future Outlook - The company anticipates a significant improvement in order volume in the housing sector in the fourth quarter, driven by better engagement with clients [5] - Despite challenges, the company remains committed to achieving its annual targets, although there is pressure to meet these goals [6][7] - The management expressed confidence in achieving positive growth for the year, despite the current pressures [8] Margin and Cost Management - The gross profit margin for the third quarter was reported at 35.5%, which is within the normal range for the industry [9] - The company is adjusting its product mix, with expectations that the growth in civilian products will outpace military products in the coming years [11] - The management is focused on optimizing the gross margin through strategic adjustments in customer and product structures [12] Strategic Partnerships - The establishment of the Luoyang Guanglian Fund aims to support the optical industry cluster and facilitate capital operations for AVIC Optoelectronics [14] - The fund will assist in capitalizing on opportunities within the optical industry, particularly for small and startup projects [15] Industry Trends and Challenges - The company is navigating a complex environment with pressures on pricing and demand, particularly in the defense sector [29] - The management noted that the overall industry growth rate may not return to previous highs, but there are opportunities for growth in new projects and technologies [26] Inventory and Financial Management - The company reported an increase in inventory levels, which reflects a proactive approach to meet confirmed customer demands [24][25] - The management is aware of the need to ensure that fourth-quarter profits exceed those of the third quarter to meet annual targets [22][23] Conclusion - The call concluded with an invitation for investors to attend the upcoming Zhuhai Airshow, which is expected to showcase significant developments in the aerospace and defense sectors [39] This summary encapsulates the key insights from the conference call, highlighting the company's financial performance, strategic initiatives, and outlook for the future.