Core Viewpoint - The audit opinion from Zhongxinghua Accounting Firm on OFILM Group's acquisition of assets and fundraising indicates that the performance of the target asset, OFILM Microelectronics, has shown volatility, with a significant decline in net profit in 2023 compared to the previous two years, while overseas revenue continues to increase and customer and supplier concentration is in line with industry norms [1][6]. Group 1: Performance Analysis - OFILM Microelectronics reported net profits of 237 million yuan, 279 million yuan, and 36.61 million yuan for 2023 to Q1 2025, while the listed company reported net profits of 769.05 million yuan, 583.82 million yuan, and -589.49 million yuan, indicating a divergence in performance [2]. - The audit confirmed that there are no other entities within the listed company's consolidated financial statements engaged in the same business as the target asset, making OFILM Microelectronics the sole entity for the listed company's fingerprint recognition module and machine vision camera business [2]. Group 2: Procurement and Sales Model - The procurement model of the target asset primarily includes designated procurement, customer-specified suppliers, Buy&Sell, and customer-supplied materials, with designated procurement and Buy&Sell accounting for 85.19%, 85.72%, and 82.80% of total procurement during the reporting period [2]. - In Q1 2025, designated procurement amounted to 241 million yuan, accounting for 47.99%, while Buy&Sell procurement was 175 million yuan, accounting for 34.81%, mainly covering key materials such as ICs and sensors [2]. Group 3: Revenue Recognition and Payment Performance - The audit confirmed the reasonableness of revenue recognition under the Buy&Sell model, stating that the target company bears risks related to material storage, damage, and price fluctuations, and has pricing power over the final products [3]. - The revenue share from the Buy&Sell model was 35.01%, 36.04%, and 44.07% from 2023 to Q1 2025, with the procurement material cost consistently representing 53%-55% of revenue [3]. - The consignment model showed a decrease in revenue share from 21.74% to 12.84%, with a Q1 2025 sales price of 9.63 yuan per unit and a gross margin of 18.02%, outperforming the non-consignment model [3]. Group 4: International Revenue and Concentration - The overseas sales revenue of the target asset increased, accounting for 44.94%, 49.45%, and 57.48% from 2023 to Q1 2025, primarily from ultrasonic and capacitive fingerprint recognition modules [4]. - Customer concentration remained high, with sales to the top five customers exceeding 78% and purchases from the top five suppliers exceeding 58%, consistent with the high concentration in the consumer electronics industry [4]. Group 5: Related Party Transactions and Internal Controls - The audit indicated that over 60% of sales revenue and more than half of procurement amounts were through related party transactions, with pricing determined through market negotiation, showing minimal differences from non-related transactions [5]. - The target company’s borrowing from the listed company and its subsidiaries was primarily for operational purposes, with a borrowing amount of 2.518 billion yuan in 2024 and a recovery of 3.233 billion yuan, with no interest accrued [5].

Group 1 - The core point of the article is that O-Film Tech Co., Ltd. has responded to the Shenzhen Stock Exchange's inquiry regarding its plan to issue shares for asset acquisition and raise matching funds, but the transaction is subject to approval and carries uncertainties [1] - O-Film intends to acquire a 28.2461% stake in O-Film Microelectronics (Nanchang) Co., Ltd. from Nanchang Chanmeng Investment Management Co., Ltd. through a share issuance, while also raising matching funds [1] - The transaction does not constitute a major asset restructuring, related party transaction, or a restructuring listing according to previously disclosed information [1] Group 2 - The company received an inquiry letter from the Shenzhen Stock Exchange on October 21, 2025, regarding its application for the share issuance and asset acquisition [1] - The company and related intermediaries have provided detailed explanations and responses to the inquiries, which were disclosed simultaneously with the announcement [1] - The company emphasizes that the approval timeline from the Shenzhen Stock Exchange and the China Securities Regulatory Commission remains uncertain, and it will continue to advance the transaction while adhering to legal disclosure requirements [1]

Core Viewpoint - O-film Technology Co., Ltd. has responded to the Shenzhen Stock Exchange's inquiry regarding its share issuance for asset acquisition and fundraising, detailing the operational performance and business model of its subsidiary O-film Microelectronics (Nanchang) Co., Ltd. [1] Group 1: Performance and Business Model Analysis - O-film Microelectronics specializes in the R&D, production, and sales of sensor modules such as fingerprint recognition and 3D sensing modules, serving as the sole entity for O-film in this business area [2] - The net profit attributable to the parent company for O-film Microelectronics showed fluctuations, with figures of 237 million, 279 million, and 37 million yuan over the reporting periods, while the listed company reported net profits of 77 million, 58 million, and -59 million yuan, indicating performance discrepancies [1][2] Group 2: Procurement and Revenue Recognition - O-film Microelectronics employs four procurement models: self-procurement, customer-specified suppliers, Buy&Sell, and customer-supplied materials, with the specified procurement and Buy&Sell models accounting for 85.19%, 85.72%, and 82.80% of total procurement during the reporting periods [2] - The company justifies the use of the total amount method for revenue recognition under the Buy&Sell model, citing control over raw materials and risk-bearing obligations, aligning with industry practices [2] Group 3: Customer and Supplier Concentration - The sales revenue from the top five customers accounted for 79.40%, 78.30%, and 79.29% of total revenue, while the procurement from the top five suppliers represented 62.45%, 61.47%, and 58.64%, indicating high concentration levels [3] - O-film Microelectronics' international sales revenue has been increasing, reaching 44.94%, 49.45%, and 57.48% over the reporting periods, with higher sales prices and gross margins for overseas products due to their complexity and application in high-end markets [3] Group 4: Consignment Model and Related Transactions - The consignment model accounted for 21.74%, 16.63%, and 12.84% of revenue during the reporting periods, with higher gross margins observed in 2024 and early 2025 due to increased sales of high-end ultrasonic fingerprint recognition modules [4] - The company emphasizes that overlapping transactions between suppliers and customers are commercially reasonable and comply with accounting standards [4] Group 5: Financial Data and Internal Control Measures - O-film Microelectronics' other monetary funds primarily consist of loans and credit guarantees, with significant fluctuations in balances due to financing scale [5] - The company has not made provisions for bad debts on receivables from related parties, citing a 100% collection rate from end customers, consistent with industry practices [5] - Adequate provisions for fixed and intangible asset impairments have been made, and the accounting treatment for deferred tax assets aligns with accounting standards [6]

证券代码：002456 证券简称：欧菲光 上市地：深圳证券交易所 欧菲光集团股份有限公司 发行股份购买资产并募集配套资金报告书（草案） （摘要）（修订稿） | 项 目 | 名 称 | | --- | --- | | 购买资产交易对方 | 南昌市产盟投资管理有限公司 | | 募集配套资金认购方 | 不超过 名符合条件的特定对象 35 | 独立财务顾问 签署日期： 二〇二五年十一月 欧菲光集团股份有限公司发行股份购买资产并募集配套资金报告书（草案）（摘要） 声 明 本部分所述词语或简称与本报告书（摘要）"释义"所述词语或简称具有相同含义。 一、上市公司声明 本公司及本公司全体董事、高级管理人员保证上市公司及时、公平地披露信息， 保证本报告书（摘要）内容的真实、准确、完整，不存在虚假记载、误导性陈述或者 重大遗漏，保证本报告书（摘要）所引用的相关数据的真实性和合理性，并对所提供 信息的真实性、准确性、完整性负相应的法律责任。 如本次交易所披露或提供的信息涉嫌虚假记载、误导性陈述或者重大遗漏，被司 法机关立案侦查或者被中国证监会立案调查的，在形成调查结论以前，不转让在该上 市公司拥有权益的股份，并于收到立案稽查通知的 ...

证券代码：002456 证券简称：欧菲光 上市地：深圳证券交易所 欧菲光集团股份有限公司 发行股份购买资产并募集配套资金报告书（草案） （修订稿） | 项 目 | 名 称 | | --- | --- | | 购买资产交易对方 | 南昌市产盟投资管理有限公司 | | 募集配套资金认购方 | 不超过 名符合条件的特定对象 35 | 独立财务顾问 签署日期： 二〇二五年十一月 欧菲光集团股份有限公司发行股份购买资产并募集配套资金报告书（草案）（修订稿） 声 明 本部分所述词语或简称与本报告书"释义"所述词语或简称具有相同含义。 一、上市公司声明 本公司及本公司全体董事、高级管理人员保证上市公司及时、公平地披露信息， 保证本报告书及其摘要内容的真实、准确、完整，不存在虚假记载、误导性陈述或者 重大遗漏，保证本报告书所引用的相关数据的真实性和合理性，并对所提供信息的真 实性、准确性、完整性负相应的法律责任。 如本次交易所披露或提供的信息涉嫌虚假记载、误导性陈述或者重大遗漏，被司 法机关立案侦查或者被中国证监会立案调查的，在形成调查结论以前，不转让在该上 市公司拥有权益的股份，并于收到立案稽查通知的两个交易日内将暂停转让 ...

欧菲光集团股份有限公司 关于深圳证券交易所 《关于欧菲光集团股份有限公司发行股份 购买资产并募集配套资金申请的审核问询函》之 独立财务顾问 签署日期：二〇二五年十一月 1-1 深圳证券交易所： 按照贵所下发的《关于欧菲光集团股份有限公司发行股份购买资产并募集配 套资金申请的审核问询函》（审核函〔2025〕130020 号）（以下简称"审核问 询函"）的要求，欧菲光集团股份有限公司（以下简称"公司"、"上市公司" 或"欧菲光"）及相关中介机构就审核问询函所提问题进行了认真讨论分析，并 按照要求在《欧菲光集团股份有限公司发行股份购买资产并募集配套资金报告书 （草案）（修订稿）》（以下简称"重组报告书"）中进行了补充披露，现将相 关回复说明如下。 如无特别说明，本审核问询函回复（以下简称"本回复"）所述的词语或简 称与重组报告书中"释义"所定义的词语或简称具有相关的含义。在本回复中， 若合计数与各分项数值相加之和在尾数上存在差异，均为四舍五入所致。本回复 所引用的财务数据和财务指标，如无特殊说明，指合并报表口径的财务数据和根 据该类财务数据计算的财务指标。 | 审核问询函所列问题 | 黑体（加粗） | | --- ...

法律意见书 广东信达律师事务所 关于欧菲光集团股份有限公司 发行股份购买资产并募集配套资金的 补充法律意见书（二） 信达重购字（2025）第 003-02 号 关于欧菲光集团股份有限公司 发行股份购买资产并募集配套资金的 补充法律意见书（二） 中国 深圳 福田区 益田路6001号太平金融大厦11、12楼 邮政编码：518038 11F、12F, TAIPING FINANCE TOWER, 6001 YITIAN ROAD, FUTIAN, SHENZHEN, CHINA 电话（Tel.）：（0755）88265288 传真（Fax.）：（0755）88265537 网址（Website）：www.sundiallawfirm.com 致：欧菲光集团股份有限公司 根据欧菲光集团股份有限公司与广东信达律师事务所签署的专项法律顾问 服务合同，广东信达律师事务所接受欧菲光集团股份有限公司的委托，担任其发 行股份购买资产并募集配套资金的特聘专项法律顾问。 广东信达律师事务所根据《中华人民共和国公司法》《中华人民共和国证券 法》《上市公司重大资产重组管理办法》《上市公司证券发行注册管理办法》《上 市公司监管指引第 9 ...

金证（上海）资产评估有限公司 关于深圳证券交易所 《关于欧菲光集团股份有限公司发行股份购买 资产并募集配套资金申请的审核问询函》之回复 金证（上海）资产评估有限公司 二零二五年十一月 深圳证券交易所： 欧菲光集团股份有限公司（以下简称"欧菲光"）于 2025 年 10 月 21 日收到贵所下发的《关于欧菲光集团股份有限公司发行股份购买资产并募 集配套资金申请的审核问询函》（审核函〔2025〕130020 号）（以下简称 "问询函"）。金证（上海）资产评估有限公司对问询函有关问题进行了 逐项核查并书面回复如下，请予审核。 如无特别说明，本回复使用的简称与重组报告书中的释义相同。 在本回复中，部分合计数与各明细数直接相加之和在尾数上如有差异， 如无特殊说明，均系四舍五入造成。本回复所引用的财务数据和财务指标， 如无特殊说明，指合并报表口径的财务数据和根据该类财务数据计算的财 务指标。 问题 4．关于标的资产评估预测 申报文件显示：（1）本次交易以收益法评估结果作为最终评估结论。（2）收益法 评估过程中，预测标的资产营业收入由 2025 年的 326957.86 万元增长至 2030 年的 456752.78 万元 ...

3-1 3-2 3-3 | 项目 | 2025年1-3 月 | | 2024 年度 | | 2023 年度 | | | --- | --- | --- | --- | --- | --- | --- | | | 金额 | 문유 | 金额 | 早床 | 金额 | 早 | | 自主采购 | 8,624.01 | 17.20% | 33,516.82 | 14.28% | 31,706.07 | 14.81% | | 指定采购 | 24,068.64 | 47.99% | 139,082.59 | 59.24% | 129,534.21 | 60.51% | | Buv&Sell 模式 | 17,457.33 | 34.81% | 62.192.22 | 26.49% | 52,831.93 | 24.68% | | 合计 | 50.149.98 | 100.00% | 234.791.63 | 100.00% | 214.072.20 | 100.00% | 3-4 | 项目 | 2025 年 1-3 月 | | 2024 年度 | | 2023 年度 | | | --- | --- | --- | --- | ...

华泰联合证券有限责任公司 关于《欧菲光集团股份有限公司发行股份购买资产并 募集配套资金申请的审核问询函之回复报告》 之专项核查意见 独立财务顾问 签署日期：二〇二五年十一月 2-1 深圳证券交易所： 按照贵所下发的《关于欧菲光集团股份有限公司发行股份购买资产并募集配 套资金申请的审核问询函》（审核函〔2025〕130020 号）（以下简称"审核问 询函"）的要求，华泰联合证券有限责任公司（以下简称"华泰联合证券"或"独 立财务顾问"）作为欧菲光集团股份有限公司（以下简称"公司"、"上市公司" 或"欧菲光"）聘请的独立财务顾问，就审核问询函所列问题逐项进行了认真核 查与落实，现将相关回复说明如下。 如无特别说明，本专项核查意见（以下简称"本核查意见"）所述的词语或 简称与重组报告书中"释义"所定义的词语或简称具有相关的含义。在本核查意 见中，若合计数与各分项数值相加之和在尾数上存在差异，均为四舍五入所致。 本核查意见所引用的财务数据和财务指标，如无特殊说明，指合并报表口径的财 务数据和根据该类财务数据计算的财务指标。 | 审核问询函所列问题 | 黑体（加粗） | | --- | --- | | 审核问询函所列问 ...