Group 1 - The "Su Super League" has gained significant popularity, with average attendance surpassing 10,000 during the Dragon Boat Festival, and over 180,000 fans attending matches across various cities [1][2] - The league has revitalized over 30 professional stadiums in Jiangsu province, enhancing their utilization and maximizing resource value [2] - The economic impact of the "Su Super League" extends beyond traditional sports events, driving ticket sales, dining, and accommodation demand [1] Group 2 - Jinling Sports produces products including goals and protective shelters for football fields [3] - Gongchuang Turf specializes in artificial turf products for sports and leisure, known for high durability and performance [3] - Xinghui Entertainment holds a 99.61% stake in the Espanyol football club, making it the first A-share listed company to control a top European league club [3] - Zhongti Industry is the only listed platform within the National Sports Administration and is involved in sports lottery terminal sales [3] - Lehman Optoelectronics has extensive experience in providing LED products and services for football matches, serving as the official supplier for the China League [3] - Inpai Sports has developed movable football field facilities to address the shortage of sports venues, emphasizing safety and ease of assembly [3] - Shuangxiang Co. is a leader in the ecological leather market, with over 70% market share in the mid-to-high-end football leather segment [3] - Aotuo Electronics provides LED display equipment and related services for the Chinese national football team [3]

证券代码：002587 证券简称：奥拓电子 公告编号：2025-036 深圳市奥拓电子股份有限公司 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、 误导性陈述或重大遗漏。 特别提示： 引第9号——回购股份》等相关规定，上市公司回购专用账户中的股份不享有利 润分配等权利。深圳市奥拓电子股份有限公司（以下简称"公司"或"本公司"） 回购专用证券账户中1,835,500股不享有利润分配权利。 币0.200000元（含税），不送红股，不以公积金转增股本。按照分配总额固定的 原则，实际现金分红总额为12,994,173.12元。 施权益分派前后公司总股本保持不变，现金分红总额分摊到每一股的比例将减小。 本次权益分派实施后除权除息价格计算时，按总股本折算每股现金红利=现金分 红总额/公司总股本=12,994,173.12元/651,544,156股=0.0199436元（保留七位 小数，最后一位直接截取，不四舍五入）。本次权益分派实施后的除权除息参考 价格=权益分派股权登记日收盘价-每股现金红利=权益分派股权登记日收盘价- 公司2024年年度权益分派方案已经公司于2025年5月26日召开的2024年 ...

公司2024年年度权益分派方案已经公司于2025年5月26日召开的2024年年度 股东大会审议通过。现将本次权益分派事宜公告如下： 1 证券代码：002587 证券简称：奥拓电子 公告编号：2025-036 深圳市奥拓电子股份有限公司 2024年年度权益分派实施公告 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、 误导性陈述或重大遗漏。 特别提示： 1、根据《上市公司股份回购规则》《深圳证券交易所上市公司自律监管指 引第9号——回购股份》等相关规定，上市公司回购专用账户中的股份不享有利 润分配等权利。深圳市奥拓电子股份有限公司（以下简称"公司"或"本公司"） 回购专用证券账户中1,835,500股不享有利润分配权利。 2、本次权益分派以公司现有总股本651,544,156股剔除已回购股份 1,835,500股之后的649,708,656股为基数，向全体股东每10股派发现金红利人民 币0.200000元（含税），不送红股，不以公积金转增股本。按照分配总额固定的 原则，实际现金分红总额为12,994,173.12元。 3、鉴于公司回购股份不享有利润分配的权利，根据股票市值不变原则，实 施权益 ...

证券代码：002587 证券简称：奥拓电子 公告编号：2025-035 深圳市奥拓电子股份有限公司 2024年年度股东大会决议公告 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、 误导性陈述或重大遗漏。 重要提示： 1、深圳市奥拓电子股份有限公司（以下简称"公司"）于 2025 年 4 月 29 日 在巨潮资讯网(www.cninfo.com.cn)披露了《关于召开 2024 年年度股东大会通知 的公告》（公告编号：2025-032）。 一、会议召开和出席情况 （一）会议召集人：公司董事会 （二）会议时间： 1、现场会议时间：2025年5月26日（星期一）下午14:30 2、网络投票时间：2025年5月26日 其中，通过深圳证券交易所（以下简称"深交所"）交易系统进行网络投票 的具体时间为：2025年5月26日9:15-9:25，9:30-11:30和13:00-15:00；通过深 2、本次股东大会无否决提案的情况； 3、本次股东大会采取现场投票和网络投票相结合的方式召开； 4、本次股东大会不涉及变更以往股东大会已通过的决议。 交所互联网投票系统（http://wltp.cninfo.c ...

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 11、12/F, TaiPing Finance Tower, Yitian Road 6001, Futian District, ShenZhen P.R.China 518038 电话（Tel）：（0755）88265288 传真（Fax）：（0755）88265537 网址（Website）：http://www.sundiallawfirm.com 广东信达律师事务所 关于深圳市奥拓电子股份有限公司 2024年年度股东大会之 法律意见书 信达会字（2025）第179号 致：深圳市奥拓电子股份有限公司 根据《中华人民共和国公司法》（以下简称"《公司法》"）、《上市公司股 东会规则》（以下简称"《规则》"）等法律、法规以及现行有效的《深圳市奥拓 电子股份有限公司章程》（以下简称"《公司章程》"）的规定，广东信达律师事 务所（以下简称"信达"）接受深圳市奥拓电子股份有限公司（以下简称"公司"） 的委托，指派丛启路、李龙辉律师（以下简称"信达律师"）出席公司2024年年度 股东大会（以下简称"本次股东大会"），在进行必要验证 ...

Investment Rating - The report maintains an "Accumulate" rating for the company [1][6]. Core Insights - The company reported significant improvement in Q1 2025 performance, with a net profit increase of over 20 times year-on-year, primarily due to reduced credit impairment losses and lower operating expenses [2][3]. - The company has a strong order reserve, with a total of approximately 383 million yuan in hand orders and bid amounts as of March 2025 [3]. - The company is expanding its services into Douyin's local life virtual live streaming and has undertaken multiple global virtual studio projects, enhancing its market position [4]. - The company has a consistent dividend policy, proposing a cash dividend of 0.20 yuan per 10 shares for 2024, marking 14 consecutive years of cash dividends [5]. Financial Summary - In 2024, the company achieved revenue of 722 million yuan, a year-on-year increase of 9.78%, but reported a net loss of 38.53 million yuan [2][8]. - For Q1 2025, the company generated revenue of 185 million yuan, a 2.72% increase year-on-year, with a net profit of 13.60 million yuan, reflecting a 2139.84% growth [2][3]. - The company expects revenues of 800 million yuan, 920 million yuan, and 1.04 billion yuan for 2025, 2026, and 2027 respectively, with net profits projected at 59 million yuan, 82 million yuan, and 98 million yuan for the same years [6][10].

Investment Rating - The report maintains an "Accumulate" rating for the company [1][6]. Core Views - The company reported a significant improvement in Q1 2025 performance, with a net profit increase of 2139.84% year-on-year, driven by reduced credit impairment losses and lower operating expenses [2][3]. - The company has a strong order reserve, with a total of approximately 383 million yuan in hand orders and bid amounts as of March 2025 [3]. - The company is expanding its services into Douyin's local life virtual live streaming, leveraging AIGC+XR technology to provide integrated virtual live streaming services [4]. - The company has a consistent dividend policy, proposing a cash dividend of 0.20 yuan per 10 shares for 2024, marking 14 consecutive years of cash dividends [5]. Financial Summary - In 2024, the company achieved revenue of 722 million yuan, a year-on-year increase of 9.78%, but reported a net loss of 38.53 million yuan [2][8]. - For Q1 2025, the company generated revenue of 185 million yuan, a 2.72% increase year-on-year, with a net profit of 13.60 million yuan [2]. - The company expects revenues of 800 million yuan, 920 million yuan, and 1.04 billion yuan for 2025, 2026, and 2027 respectively, with corresponding net profits of 59 million yuan, 82 million yuan, and 98 million yuan [6][10].

Core Insights - The landscape lighting industry in China has shown a fluctuating growth trend, with market size expected to reach approximately 1439.86 billion yuan by 2024, following a recovery from the pandemic impact in 2020 when the market size was about 720.09 billion yuan [1][10] - The increasing urbanization and the rising demand for city image enhancement are driving the importance of landscape lighting as a key element in urban development [10] Industry Definition and Classification - Landscape lighting refers to outdoor lighting projects that serve both functional and aesthetic purposes, enhancing the visual appeal of various structures and environments at night [1] Industry Chain Analysis - The landscape lighting industry chain includes upstream raw materials and components supply, midstream production and engineering implementation, and downstream application fields such as public spaces and commercial buildings [3] Development History - The industry has evolved through several stages, from its inception in the 1980s focusing on basic lighting needs to a mature phase emphasizing quality, energy efficiency, and smart technology integration [5] Current Industry Status - The market size of the landscape lighting industry is projected to continue growing, driven by urbanization and the development of the night economy, which includes night markets and performances [10] Downstream Application Analysis - Municipal engineering accounts for the largest share of the market at 45%, followed by commercial real estate at 25% and cultural tourism at 20%, indicating diverse application areas for landscape lighting [12] Key Companies Analysis - Leading companies in the landscape lighting industry include: - **Liard**: A market leader with a broad business layout, focusing on smart control systems and significant project experience [14] - **Aoto Electronics**: Specializes in smart city and cultural tourism projects, leveraging display technology [14] - **Mingjia**: Focuses on cultural landscape lighting, integrating local cultural elements into designs [14] - **Zhouming Technology**: Strong in LED lighting product manufacturing and smart control system development [14] Future Development Trends - The industry is expected to see deeper integration of smart control systems, cultural elements, and personalized designs, alongside the gradual improvement of industry standards and regulations [20][21][23]

Core Viewpoint - The rapid urbanization in China is driving the demand for LED landscape lighting, particularly in public spaces and tourism, but the market is stabilizing due to various factors affecting growth [1][10]. Overview - LED landscape lighting utilizes light-emitting diodes to illuminate urban elements such as buildings, squares, parks, streets, and bridges, enhancing the environment and atmosphere [2]. - The advantages of LED landscape lighting include energy efficiency, environmental friendliness, long lifespan, rich color options, and ease of control [2]. Market Policy - The Chinese government emphasizes the importance of LED landscape lighting in enhancing urban image and developing the night economy, issuing multiple policies to promote energy-efficient and green lighting solutions [4][5]. Industry Chain - The upstream of the LED landscape lighting industry includes suppliers of semiconductor chips, sapphire substrates, and various electronic components, while the downstream encompasses municipal projects, commercial real estate, and tourism sectors [6]. Demand Structure - The primary demand for LED landscape lighting comes from municipal engineering, commercial real estate, and tourism, collectively accounting for over 90% of the market, with municipal engineering being the largest segment [8]. Market Size - The market size for China's LED landscape lighting industry is projected to reach 40.3 billion yuan in 2024, with urban planning lighting accounting for approximately 51.0% of the market [10]. Competitive Landscape - The LED landscape lighting industry in China is highly competitive, with key players including Sichuan Huati Lighting Technology, Osram China, Philips China, and others [12][14]. Development Trends - Future trends in LED landscape lighting will focus on higher efficiency chips, optimized optical designs, and smart control systems to reduce energy consumption and enhance user experience through technologies like IoT and AI [18].

Group 1 - The company announced the provision for asset impairment for the fiscal year 2024 and the first quarter of 2025, which was approved by the board of directors and the supervisory board [1][10][12] - The impairment provisions include receivables, contract assets, other receivables, inventory, and goodwill, reflecting a cautious approach to financial reporting [3][6][7][9][11] - The total impact of the impairment provisions will reduce the company's profit by 54.03 million yuan for 2024 and 3.85 million yuan for the first quarter of 2025 [10] Group 2 - The company plans to use its own foreign exchange to pay for fundraising projects and replace it with equivalent fundraising amounts, ensuring compliance with regulations [14][19][22] - The total amount of fundraising was 205 million yuan, with a net amount of 200 million yuan after deducting fees, which will be managed in dedicated accounts [14][15] - The company aims to improve operational efficiency and reduce financial costs through this approach, which will not affect the normal operation of fundraising projects [21][23] Group 3 - The company intends to conduct foreign exchange derivative hedging transactions to mitigate foreign exchange market risks, with a proposed limit of 5 million USD or equivalent currency [27][29][30] - The hedging strategy includes various instruments such as forward contracts, options, and swaps, focusing on enhancing the efficiency of foreign exchange fund usage [27][30][39] - The board and supervisory board have approved this strategy, which will be submitted for shareholder approval [32][40] Group 4 - The company has adjusted its organizational structure to enhance management efficiency and operational effectiveness, authorized by the board of directors [43] - The adjustment aligns with the company's strategic planning and business development needs [43] Group 5 - The company has changed its accounting policies in accordance with new guidelines issued by the Ministry of Finance, which will not significantly impact its financial status or results [45][49] - The changes are aimed at improving compliance with accounting standards and ensuring accurate financial reporting [48][49] Group 6 - The company plans to use idle funds for cash management, with a limit of 60 million yuan, to enhance the efficiency of fund utilization and increase returns for shareholders [77] - This decision is made under the premise of not affecting the construction of fundraising projects and ensuring compliance with regulatory requirements [77]