"另一个问题是'旧船票'难登'新客船'。"黄立用了一个更加形象的说法，eVTOL迭代更新速度快，但现 有适航审定标准仍以传统航空器为框架，难以完全适应新型航空器的发展需求。 黄立介绍，我国目前对新型航空器采用"一事一议"的适航审定模式，这种模式可能会让部分新型航空器 错失市场先机。 解开适航审定"三重门" 证券时报记者 刘茜 随着低空经济站上风口，垂直起降飞行器（eVTOL）正成为全球科技竞赛的"新擂台"。目前，在这场关 乎万亿级市场的角逐中，适航取证环节成为企业亟需突破的瓶颈。 "适航取证存在周期长、成本高、标准适配性不足等问题，导致国内企业研发成果难以快速转化，一定 程度上制约了低空产业的创新发展和国际竞争力的提升"。全国人大代表、高德红外董事长黄立接受证 券时报记者采访时透露，今年的全国两会，他带的三份人大建议都与低空经济发展相关，尤其关注以 eVTOL为代表的新型航空器适航取证难题。 eVTOL适航取证遇瓶颈 黄立表示，加快构建高效、灵活的新型航空器适航审批体系，提高适航审批效率已成为落实国家创新驱 动发展战略、抢占全球航空科技制高点的迫切需求。 在中国，民用航空器的适航管理由中国民航局负责，需要对航 ...

1、本次股份质押基本情况 注：本次质押股份不存在负担重大资产重组等业绩补偿义务。 2、股东股份累计质押的情况 证券代码：002414 证券简称：高德红外 公告编号：2025-003 武汉高德红外股份有限公司 关于公司实际控制人部分股份质押的公告 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。 一、股东股份质押的基本情况 武汉高德红外股份有限公司（以下简称"公司"）于近日接到公司实际控制 人黄立先生通知，黄立先生将其所持有的公司部分股份办理了质押。具体事项如 下： | | 是否为控 股股东或 | 本次质押数 | 占其所 | 占公司 | 是否为限 售股（如 | 是否 为补 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股东 名称 | 第一大股 | | 持股份 | 总股本 | 是，注明 | 充质 | 质押起始 日 | | 质押到 期日 | | 质权人 | 质押 用途 | | | 东及其一 致行动人 | 量（股） | 比例 ...

Financial Performance Outlook - The company expects a net loss of between 350 million yuan and 500 million yuan for the year 2024, compared to a profit of 67.7 million yuan in the same period last year[3] - The net profit after deducting non-recurring gains and losses is projected to be a loss of between 400 million yuan and 550 million yuan, down from a profit of 19.5 million yuan in the previous year[3] - Basic earnings per share are expected to be a loss of between 0.0820 yuan and 0.1171 yuan, compared to earnings of 0.0159 yuan per share last year[3] Factors Affecting Performance - The decline in performance is attributed to delays in procurement plans and price reductions for model project products, as well as income reversals due to price audits[5] - Increased operational costs due to heightened R&D efforts, rising labor costs, and asset depreciation are impacting profitability[5] - The company is focusing on expanding its presence in new digital industries, which is contributing to higher operational expenses[5] - The collection of long-aged receivables has not met last year's levels, leading to higher bad debt provisions compared to the previous year[5] Audit and Reporting - The company has conducted preliminary discussions with its auditing firm regarding the performance forecast, with no disagreements reported[4] - The specific financial data for 2024 will be detailed in the company's annual report, which will be released later[7] Investor Advisory - Investors are advised to exercise caution and consider investment risks based on the preliminary nature of the performance forecast[7]

证券代码：002414 证券简称：高德红外 公告编号：2024-044 武汉高德红外股份有限公司 2024 年 12 月 24 日，公司召开 2022 年员工持股计划第九次管理委员会，审议 通过了将 363 名符合解锁条件的激励对象所涉可解锁股票数量 486.0874 万股过户 关于 2022 年员工持股计划第二个解锁期符合解锁条件的部 分股份非交易过户完成的公告 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。 武汉高德红外股份有限公司（以下简称"公司"）于 2024 年 12 月 27 日办理 完成了 2022 年员工持股计划第二个解锁期符合解锁条件的部分股份非交易过户事 宜，本次非交易过户共涉及 363 名员工持股计划持有人，非交易过户股份数量为 486.0874 万股，现将本次员工持股计划非交易过户相关情况公告如下： 一、员工持股计划基本情况 公司分别于 2022 年 10 月 27 日召开了第五届董事会第十九次会议和第五届监 事会第十三次会议、于 2022 年 11 月 14 日召开了 2022 年第二次临时股东大会，审 议通过《关于〈2022 年员工 ...

证券代码：002414 证券简称：高德红外 公告编号：2024-043 武汉高德红外股份有限公司 关于 2022 年员工持股计划第二个锁定期届满的提示性公告 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。 武汉高德红外股份有限公司（以下简称"公司"）分别于 2022 年 10 月 27 日 召开了第五届董事会第十九次会议和第五届监事会第十三次会议、于 2022 年 11 月 14 日召开了 2022 年第二次临时股东大会，审议通过《关于〈2022 年员工持股 计划（草案）〉及其摘要的议案》《关于〈2022 年员工持股计划管理办法〉的议 案》《关于提请股东大会授权董事会办理公司员工持股计划相关事宜的议案》，同 意公司实施 2022 年员工持股计划（以下简称"本员工持股计划"或"员工持股计 划"）。具体内容详见公司于 2022 年 10 月 28 日、11 月 15 日在《中国证券报》 《上海证券报》《证券时报》《证券日报》及巨潮资讯网（http://www.cninfo.com.cn） 上披露的公告。 根据中国证监会《关于上市公司实施员工持股计划试点的指导意见》 ...

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、案件所处的诉讼阶段：武汉高德红外股份有限公司（以下简称"公司"） 就浙江珏芯微电子有限公司(以下简称"珏芯公司")、毛剑宏、谭必松、杜宇、 彭成盼、余波、陈世锐、熊雄侵害公司商业秘密一案向湖北省高级人民法院（以 下简称"省高院"）提起民事诉讼。 2、上市公司所处的当事人地位：原告。 3、涉案的金额：诉请由被告向公司支付经济损失人民币 2 亿元及公司为维 权支付的诉讼费用、律师费用、鉴定费用等合理费用。 证券代码：002414 证券简称：高德红外 公告编号：2024-042 武汉高德红外股份有限公司 关于提起侵害公司商业秘密诉讼的公告 目前省高院已立案，上述案件尚未开庭审理。 4、对公司损益产生的影响：本次诉讼不影响公司日常经营的正常开展。鉴 于本次涉诉案件尚未确定开庭时间，最终该诉讼的判决结果存在不确定性，对公 司本期及期后利润的影响存在不确定性，敬请投资者注意投资风险。 一、受理的基本情况 公司作为原告，就珏芯公司、毛剑宏及公司六名前员工侵害公司商业秘密一 案向省高院提起民事诉讼，省高院已立案受 ...

北京大成（武汉）律师事务所 武汉市江岸区建设大道 718 号 浙商大厦 10-11 楼 邮编：430015 10-11/F Zheshang Tower No.738 Jianshe Avenue Jiang'an District 430015, Wuhan, China dacheng.com dentons.cn 北京大成（武汉）律师事务所 关于武汉高德红外股份有限公司 2024 年 第一次临时股东大会的 法律意见书 致：武汉高德红外股份有限公司 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》"）和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 法律、行政法规和其他有关规范性文件的要求，北京大成（武汉）律师事务 所（以下简称"本所"）接受武汉高德红外股份有限公司（以下简称"公司"） 的委托，指派齐剑天、郑勇律师参加了公司 2024 年第一次临时股东大会（以 下简称"本次股东大会"）。 本所声明：本所律师仅对本次股东大会的召集程序、召开程序、出席会 议人员资格、召集人资格、表决程序及表决结果发 ...

证券代码：002414 证券简称：高德红外 公告编号：2024-041 武汉高德红外股份有限公司 2024 年第一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。 特别提示： 1、本次股东大会无否决或修改提案的情况； 2、本次会议不涉及变更前次股东大会决议，也没有新提案提交表决； 其中，通过深圳证券交易所交易系统进行网络投票的具体时间为：2024 年 11 月 14 日上午 9:15—9:25，9:30—11:30，下午 13:00—15:00；通过深圳证券 交易所互联网投票系统投票的具体时间为：2024 年 11 月 14 日 9:15—15:00 期 间的任意时间。 2、现场会议召开地点：武汉市东湖开发区黄龙山南路 6 号武汉高德红外股 份有限公司（以下简称"公司"）会议室。 3、召开方式：现场投票和网络投票相结合。 4、召集人：公司董事会。 3、本次会议采取现场会议和网络投票相结合的表决方式召开； 一、会议召开情况 1、会议召开时间： （1）现场会议：2024 年 11 月 14 日 14:30； （2）网络投票：2024 年 11 ...

Investment Rating - The report maintains a "Buy" rating for the company, citing strong performance potential in both defense and civilian applications of infrared thermal imaging technology [1] Core Views - The company's revenue shows a clear upward trend, with Q1-Q3 2024 revenue reaching 1.812 billion yuan, a 12.38% year-on-year increase [1] - Despite a significant decline in net profit (-82.42% YoY), the company's contract liabilities have surged by 76.83% to 541 million yuan, indicating strong future performance potential [1] - The company has made significant breakthroughs in both military and civilian sectors, securing multiple major contracts and project approvals [1] Financial Performance - Q1-Q3 2024 gross margin and net margin stood at 52.57% and 2.77% respectively, showing a decline of 2.59pcts and 15.01pcts year-on-year [1] - Operating expenses have increased, with R&D expense ratio reaching 29.03%, up 6.17pcts year-on-year [1] - The company's EPS for 2024-2026 is forecasted at 0.05, 0.12, and 0.19 yuan respectively, with corresponding PE ratios of 176x, 71x, and 44x [1] Military Sector Developments - Secured a 334 million yuan contract for complete equipment system export products in March 2024 [1] - Won a major domestic equipment system project in August 2024, marking the first time a private enterprise has won such a bid [1] - Signed a 199 million yuan contract for complete equipment system products with another military branch [1] Civilian Sector Progress - The company's subsidiary, Xuanyuan Zhijia, has secured multiple project approvals in the commercial vehicle sector, including partnerships with Shaanxi Heavy Duty Truck and Baidu New Trunk Line [1] - Expanded into the passenger vehicle market with approvals from Geely Auto, Dongfeng Mengshi, and GAC Aion [1] - Won a 170 million yuan bid for the Hubei Natural Disaster Emergency Capacity Improvement Project in August 2024 [1] Future Outlook - The company is expected to see significant growth in net profit, with forecasts of 203 million yuan (2024), 503 million yuan (2025), and 802 million yuan (2026) [1] - Strong performance elasticity is anticipated due to abundant ongoing projects and continued expansion in infrared thermal imaging applications [1] Historical Performance - Revenue growth has shown a clear recovery trend, with 2024 Q1-Q3 growth rates of 5.57%, 11.11%, and 19.20% respectively [1] - The company's ROE (diluted) is expected to improve significantly, from 2.92% in 2024 to 10.49% in 2026 [2] Valuation Metrics - Current P/E ratios stand at 176x (2024), 71x (2025), and 44x (2026) [1] - P/B ratios are projected to decrease from 5.1 in 2024 to 4.7 in 2026 [2]

Financial Performance - The company's revenue for Q3 2024 was ¥662,675,710.55, representing a 19.20% increase compared to ¥555,956,647.95 in the same period last year[2]. - Net profit attributable to shareholders decreased by 58.79% to ¥32,242,442.57 from ¥78,243,183.77 year-on-year[2]. - The net profit after deducting non-recurring gains and losses was ¥24,590,444.30, down 62.39% from ¥65,379,231.70 in the previous year[2]. - Basic earnings per share decreased by 58.47% to ¥0.0076 from ¥0.0183 in the same period last year[2]. - Operating profit decreased to CNY 123,160,523.06, down 64.00% from CNY 342,278,728.02 in Q3 2023[25]. - Net profit attributable to shareholders was CNY 50,212,286.28, a decline of 82.55% from CNY 285,626,628.00 in the previous year[25]. - The total comprehensive income for the period was CNY 50,055,698.68, down from CNY 287,100,800.82 in the previous year[26]. - Earnings per share (EPS) decreased to CNY 0.0118 from CNY 0.0669 in Q3 2023[26]. Cash Flow - The company's cash flow from operating activities improved significantly, with a net cash flow of -¥26,241,100.27, a 93.95% increase compared to -¥433,906,829.03 last year[2]. - The net cash flow from operating activities for the current period was -26,241,100.27 RMB, a significant improvement of 93.95% compared to -433,906,829.03 RMB in the previous period[11]. - The net cash flow from investing activities decreased by 22.39%, amounting to -530,495,810.12 RMB compared to -433,439,915.00 RMB in the previous period[11]. - The net cash flow from financing activities increased by 357.37%, reaching 318,604,374.16 RMB, compared to -123,792,309.97 RMB in the previous period[11]. - Cash inflow from investment activities totaled 55,986,674.62 CNY, significantly higher than 7,754,857.69 CNY in the same period last year[28]. - The net cash flow from investment activities was -530,495,810.12 CNY, compared to -433,439,915.00 CNY in the previous year[28]. - Cash inflow from financing activities was 898,158,948.41 CNY, up from 574,190,410.63 CNY year-over-year[29]. - The net cash flow from financing activities improved to 318,604,374.16 CNY from -123,792,309.97 CNY in the previous year[29]. - The company reported a total cash outflow of 2,370,717,184.30 CNY from operating activities, compared to 2,132,501,962.80 CNY last year[28]. Assets and Liabilities - Total assets increased by 10.31% to ¥9,511,813,306.01 compared to ¥8,622,522,232.32 at the end of the previous year[2]. - The total assets reached CNY 9,511,813,306.01, up from CNY 8,622,522,232.32 in the same period last year[24]. - Total liabilities rose to CNY 2,699,033,819.50, compared to CNY 1,837,417,981.40 in the same period last year, reflecting a growth of 46.9%[24]. - The company's current assets totaled CNY 5,788,030,560.94, up from CNY 5,363,742,381.44, indicating an increase of about 7.9%[21]. - The inventory increased significantly to CNY 2,397,223,570.78 from CNY 1,889,253,657.79, representing a growth of approximately 27%[20]. - The company's fixed assets rose to CNY 2,312,543,153.64 from CNY 1,520,838,988.25, marking an increase of about 52%[21]. - The company's long-term borrowings increased to CNY 149,997,372.48 from CNY 101,838,424.07, indicating a growth of approximately 47%[22]. - Short-term borrowings rose by 70.01% to ¥850,469,861.11 from ¥500,233,333.32 at the beginning of the year[7]. Research and Development - The company reported a 42.71% increase in R&D expenses, totaling ¥526,154,091.70 compared to ¥368,675,793.54 in the previous year[9]. - Research and development expenses increased to CNY 526,154,091.70, up 42.8% from CNY 368,675,793.54 in Q3 2023[24]. - The company is actively investing in research and development, leading to increased personnel costs and R&D expenses[10]. - The company plans to continue focusing on R&D and market expansion strategies to enhance future growth prospects[2]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 123,102, with the largest shareholder, Wuhan Gaode Electric Co., Ltd., holding 36.39% of shares[12]. - The top ten shareholders include Huang Li, holding 27.10% of shares, and Hong Kong Central Clearing Limited, holding 1.43%[12]. Other Financial Metrics - The company reported an asset impairment loss of -10,487,324.96 RMB, which is a 50.12% increase from -6,985,862.10 RMB in the previous period[10]. - The company experienced a significant increase in operating expenses, primarily due to an increase in personnel costs and promotional expenses[10]. - The company reported a significant increase in non-operating expenses, which rose by 522.12% to 3,262,028.04 RMB compared to 524,338.80 RMB in the previous period[10]. - The company’s cash dividends decreased compared to the previous period, impacting the net cash flow from financing activities[11]. - The company has received project notification letters from major automotive manufacturers, including Geely and Dongfeng, for the application of infrared technology in passenger vehicles[17]. - The company secured a project investment agreement with the Wuhan Jiangxia Economic Development Zone Management Committee to build a high-end equipment manufacturing industrial park, with a registered capital of CNY 150 million[19]. - The company won a bid for the "Hubei Province Natural Disaster Emergency Capability Improvement Project" with a total bid amount of CNY 169.98 million[19]. Audit Information - The company has not undergone an audit for the third quarter report[30].