Core Viewpoint - Guangqi Technology Co., Ltd. reported a strong performance in Q1 2025, with revenue and net profit continuing to grow, achieving historical highs [1] Group 1: Financial Performance - The company's revenue for Q1 2025 was 372 million yuan, an increase of 15.96% year-on-year [1] - The net profit attributable to shareholders was 151 million yuan, up 10.82% year-on-year [1] - The net cash flow from operating activities reached 325 million yuan, showing a significant growth of 597.24% year-on-year [1] - Guangqi Technology has achieved six consecutive years of revenue and profit growth in the first quarter [1] Group 2: Technological Advancements - The company has transitioned from a single supplier of metamaterials to a core system integrator in the aerospace equipment industry [1] - Guangqi Technology integrates multiple functionalities such as communication, optoelectronic sensing, and electromagnetic control into complex metamaterial structures [1] - The unique electromagnetic modulation characteristics and structural design capabilities of metamaterials provide innovative solutions for the design, manufacturing, and mass production of next-generation aerospace equipment [1] Group 3: Capacity Expansion Strategy - In response to the upcoming release of bulk production orders, Guangqi Technology is accelerating its capacity expansion strategy [2] - The company has established five major bases, including the newly added Zhuzhou 905 base, Tianjin 906 base, and Leshan 106 base, to create a national industrial layout for metamaterials [2] - The completion of these bases is expected to significantly enhance the delivery efficiency of metamaterial products and alleviate capacity bottlenecks [2] - This expansion will solidify the company's technological leadership in the aerospace and low-altitude economy sectors and lay a strong foundation for performance growth over the next 2 to 3 years [2]

Financial Performance - In Q1 2025, the company reported revenue of 372 million yuan, a year-on-year increase of 15.96%, and a net profit of 151 million yuan, up 10.82% year-on-year, achieving historical highs in both metrics [2] - For the year 2024, the company achieved revenue of 1.558 billion yuan, a growth of 4.25%, and a net profit of 652 million yuan, increasing by 11.77% [4] - The revenue from the metamaterials business reached 1.552 billion yuan, marking a 21.69% increase, and the research and development revenue surged by 911.24% to 282 million yuan [4] Industry Position and Technological Advancements - The company has transitioned from a single material supplier to a core system integrator in the aerospace equipment industry, integrating functions such as communication, optoelectronic sensing, and electromagnetic control into complex metamaterial structures [3] - The unique properties of metamaterials, including lightweight and high strength, enable new design and manufacturing solutions for next-generation aerospace equipment [3] Production Capacity and Expansion - The company is accelerating its capacity expansion strategy with the establishment of five major bases, including the newly added Zhuzhou 905 base, Tianjin 906 base, and Leshan 106 base, enhancing its national metamaterial industry layout [7] - The Zhuzhou 905 base is set to become the main base for research, production, and testing, with its first phase expected to be operational by July this year [7] - The completion of these bases is anticipated to significantly improve the delivery efficiency of metamaterial products and alleviate existing order backlogs [8] Future Outlook - The company has signed significant contracts worth 780 million yuan for the mass production of metamaterial products, with delivery planned by the end of 2025, indicating a strong future revenue stream [4][5] - The production cycle for metamaterial products is at least six months, suggesting that the capacity from the new bases will start translating into actual deliveries in the latter half of this year [5]

证券代码：002625 证券简称：光启技术 公告编号：2025-039 光启技术股份有限公司 光启技术股份有限公司（以下简称"公司"）已分别于 2025 年 4 月 25 日、 2025 年 4 月 29 日在巨潮资讯网（http://www.cninfo.com.cn）披露了《2024 年年 度报告》《2025 年第一季度报告》。为便于广大投资者更加全面、深入地了解 公司 2024 年度及 2025 年第一季度的经营业绩、未来发展战略等情况，公司将于 2025 年 5 月 8 日（星期四）下午 15：30-17：00 在进门财经举行 2024 年度及 2025 年第一季度业绩说明会。本次业绩说明会在进门财经平台举行，投资者可通过以 下方式报名参与： （一）网络参会 1、APP/小程序： 进门财经 APP/小程序，扫描下方二维码，进入"光启技术 2024 年度及 2025 年第一季度业绩说明会"，点击进入会议。 2、PC 端： 打开网址：https://s.comein.cn/is82ey54（如无法加载 PPT 请检查 Flash 插件） 3、报名二维码： 关于举行2024年度及2025年第一季度 业绩说明 ...

Financial Performance - The company's revenue for Q1 2025 was CNY 372,361,346.77, representing a 15.96% increase compared to CNY 321,102,103.66 in the same period last year[5]. - Net profit attributable to shareholders was CNY 150,522,743.41, up 10.82% from CNY 135,830,457.33 year-on-year[5]. - Basic earnings per share rose to CNY 0.07, reflecting a 16.67% increase from CNY 0.06 in the same quarter last year[5]. - Total operating revenue for the current period reached ¥372,361,346.77, an increase of 15.94% compared to ¥321,102,103.66 in the previous period[19]. - Net profit for the current period was ¥150,522,743.41, representing a 10.14% increase from ¥135,789,657.81 in the previous period[20]. - Earnings per share (EPS) for the current period was ¥0.07, compared to ¥0.06 in the previous period, indicating a growth of 16.67%[20]. Cash Flow - The net cash flow from operating activities reached CNY 325,991,911.07, a significant increase of 597.24% compared to a negative cash flow of CNY -65,560,720.69 in the previous year[5][9]. - The net cash flow from operating activities was ¥325,991,911.07, a significant improvement compared to the previous period's net cash flow of -¥65,560,720.69[21]. - Cash inflow from operating activities totaled ¥496,550,513.85, while cash outflow was ¥170,558,602.78, resulting in a positive cash flow from operations[21]. - The net cash flow from investing activities was negative at CNY -136,654,622.52, a 40.64% increase in outflow compared to the previous year[9]. - The net cash flow from investing activities was -¥136,654,622.52, an improvement from -¥230,226,443.68 in the previous period[21]. - The net cash flow from financing activities was -¥20,113,934.39, compared to -¥64,635,632.90 in the previous period, indicating reduced financing costs[22]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 10,166,796,624.18, a 2.49% increase from CNY 9,919,567,934.64 at the end of the previous year[5]. - Total liabilities rose to ¥1,082,023,667.81, up from ¥985,317,721.68, reflecting an increase of 9.83%[18]. - The total equity attributable to the parent company reached ¥9,084,772,956.37, an increase of 1.68% from ¥8,934,250,212.96[18]. Expenses - The company reported a significant increase in management expenses, which rose by 58.53% to CNY 24,154,711.73 due to higher depreciation and employee compensation[8]. - Total operating costs amounted to ¥191,115,289.23, up from ¥160,712,671.84, reflecting a growth of 18.93%[19]. - Research and development expenses were ¥19,084,774.05, a decrease of 19.06% from ¥23,685,149.58 in the previous period[19]. - The company reported a financial income of ¥27,951,682.24, down from ¥44,109,539.93, indicating a decline of 36.67%[19]. - Cash outflow for employee compensation increased to ¥95,690,676.37 from ¥59,978,655.59, indicating higher personnel costs[21]. Investments and Contracts - Investment income for the period was CNY 90,089.37, marking a 100% increase attributed to debt restructuring gains[8]. - The company signed a total of 78,011.7096 million RMB in new contracts for the production of metamaterials during the reporting period, which are unrelated to previously disclosed contracts[13]. - The company has a total of 71,408 million RMB in contracts signed with one customer and 6,603.7096 million RMB with another customer for the production of metamaterials[13]. Current Assets - The company’s cash and cash equivalents increased to 4,757,318,999.58 RMB from 4,550,316,052.03 RMB, reflecting a growth of approximately 4.56%[16]. - The company’s total current assets at the end of the reporting period amounted to 7,381,012,439.15 RMB, compared to 7,296,275,475.11 RMB at the beginning of the period, indicating a slight increase[16]. - Accounts receivable rose to 2,150,382,797.84 RMB from 1,824,534,584.68 RMB, indicating an increase of about 17.88%[16]. - The company’s inventory increased to 280,786,658.05 RMB from 220,406,942.10 RMB, representing a growth of approximately 27.38%[16]. - The company’s fixed assets increased to 1,166,531,105.09 RMB from 930,530,026.13 RMB, showing an increase of about 25.34%[16]. - The company’s intangible assets rose to 480,011,950.92 RMB from 413,652,243.01 RMB, reflecting an increase of approximately 16.06%[16]. Recognition and Support - The company’s subsidiary, Guangqi Advanced Technology, was recognized as a national "Little Giant" enterprise, which will lead to further financial support[14]. Other Information - The first quarter report was not audited, indicating that the financial results are preliminary and subject to change[23].

Core Viewpoint - The company, Guangqi Technology, is actively expanding into the low-altitude economy sector while achieving consistent revenue and profit growth over the past six years, driven by advancements in metamaterials technology [1][2][4]. Financial Performance - In 2024, Guangqi Technology reported a revenue of 1.558 billion yuan, a year-on-year increase of 4.25%, and a net profit of 652 million yuan, up 11.77% [1][3]. - The company's core metamaterials segment revenue reached 1.552 billion yuan, showing a significant year-on-year growth of 21.69% [4]. Technological Advancements - Guangqi Technology has developed the world's first full-body metamaterial drone, set for small-scale delivery in 2025, marking a significant entry into the low-altitude economy [2][11]. - The company has achieved a major technological breakthrough by transitioning from two-dimensional to three-dimensional metamaterial design, enhancing key performance indicators by an order of magnitude [5]. Research and Development - Guangqi Technology has maintained high R&D investment, with expenses reaching 96.15 million yuan in 2024, a 4.57% increase from the previous year [7]. - The company holds the highest number of patent applications and authorizations in the metamaterials field, reinforcing its technological barriers [8][9]. Strategic Expansion - The company is constructing new bases to enhance production capacity, including the 905 and 906 bases, which will further improve delivery capabilities [10]. - Guangqi Technology has signed an investment agreement to establish a low-altitude drone industry headquarters in Leshan, Sichuan, aiming to create an industrial cluster in the low-altitude economy [11].

Core Insights - Guangqi Technology (002625) reported a revenue of 1.558 billion yuan for 2024, representing a year-on-year growth of 4.25% [1] - The net profit attributable to shareholders reached 652 million yuan, marking an 11.77% increase, achieving six consecutive years of revenue and profit growth with a compound annual growth rate of over 41% for net profit [1] Group 1: Financial Performance - The company's main business in metamaterials achieved a revenue of 1.552 billion yuan, a year-on-year increase of 21.69%, setting a historical record [1] - Research and development revenue reached 282 million yuan, showing a significant growth of 911.24% [1] - R&D investment amounted to 125 million yuan during the reporting period [1] Group 2: Capacity Expansion and Infrastructure - Guangqi Technology established new production bases in Zhuzhou, Tianjin, and Leshan, expanding its operational footprint [2] - The existing bases in Foshan and Luoyang are operating at full capacity, with new bases expected to start production in July [2] - The company is constructing five major production bases to enhance its capacity and efficiency in delivering orders [1][2] Group 3: Technological Advancements - The company optimized its system architecture and algorithms, leveraging a supercomputing center with a peak computing capability of 42 trillion operations per second [2] - Guangqi Technology has built 10 microwave darkrooms for electromagnetic testing, becoming the largest and most comprehensive testing center for metamaterial components in China [2] - An additional 11 microwave darkrooms are under construction, expected to be completed in the second half of the year, further strengthening the company's R&D and testing capabilities [2]

光启技术股份有限公司关于 公司 2021 年股票期权激励计划注销剩余股票期权的公告 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。 光启技术股份有限公司（以下简称"公司"）于 2025 年 4 月 24 日召开了第 五届董事会第十八次会议、第五届监事会第十三次会议，会议审议通过了《关于 公司 2021 年股票期权激励计划注销剩余股票期权的议案》，现将有关事项说明 如下： 一、公司 2021 年股票期权激励计划已履行的决策程序和信息披露情况 （一）2021 年 2 月 2 日，公司召开第四届董事会第七次会议，会议审议通 过了《关于公司〈2021 年股票期权激励计划（草案）〉及其摘要的议案》《关 于公司〈2021 年股票期权激励计划实施考核管理办法〉的议案》《关于提请股 东大会授权董事会办理公司 2021 年股票期权激励计划相关事宜的议案》等议案， 公司独立董事发表了独立意见。 （二）2021 年 2 月 2 日，公司召开第四届监事会第五次会议，会议审议通 过了《关于公司〈2021 年股票期权激励计划（草案）〉及其摘要的议案》《关 于公司〈2021 年股票期权激励 ...

作为光启技术股份有限公司（以下简称"公司"）的独立董事，本 人严格按照《公司法》《上市公司独立董事管理办法》《深圳证券交 易所股票上市规则》等相关法律法规和《公司章程》、公司《独立董 事制度》等内控制度的规定和要求，在 2024 年度工作中，尽职尽责， 忠实履行职责，积极出席相关会议，认真审议董事会各项议案，对公 司相关事项发表专业意见，切实维护了公司和股东尤其是社会公众股 股东的利益。现将本人 2024 年度履行职责情况述职如下： 一、出席会议情况 独立董事2024年度述职报告 司召开的2023年度股东大会、2024年第一次临时股东大会、2024年第 二次临时股东大会、2024年第三次临时股东大会、2024年第四次临时 股东大会、深圳证券交易所"湾区引擎'粤'强劲"主题集体业绩说 明会，与中小投资者进行互动交流。 三、对公司进行现场调查的情况 作为公司独立董事，本人利用参加董事会、股东大会的机会以及 其他时间对公司进行实地考察，采取约谈董事长、总经理、财务总监、 内审负责人等高层人员的方式了解公司的生产经营情况和项目进展 情况。2024年度，本人关注传媒、网络有关公司的相关报道，及时获 悉公司各重大事项的进 ...

作为光启技术股份有限公司（以下简称"公司"）的独立董事，本 人严格按照《公司法》《上市公司独立董事管理办法》《深圳证券交 易所股票上市规则》等相关法律法规和《公司章程》、公司《独立董 事制度》等内控制度的规定和要求，在 2024 年度工作中，尽职尽责， 忠实履行职责，积极出席相关会议，认真审议董事会各项议案，对公 司相关事项发表专业意见，切实维护了公司和股东尤其是社会公众股 股东的利益。现将本人 2024 年度履行职责情况述职如下： 本年度，公司董事会和股东大会召开召集的程序符合法定程序。 二、与中小股东的沟通交流情况 一、出席会议情况 出席董事会、股东大会会议情况。2024年任职期间，公司共召开 了8次董事会、4次股东大会。我作为公司独立董事，本人按规定出席 了所有董事会会议（现场或通讯表决），没有缺席情况。 期间，列席股东大会，认真倾听股东及代表意见及建议，深入了 解他们的希望和要求，获取资料，掌握情况，为履行职责，维护股东 利益创造条件；参加董事会会议，会前主动开展调查研究工作，认真 审阅会议相关材料，掌握会议所需有关情况和信息，为董事会决策做 了准备工作，会上认真审议每个议题，积极参与讨论并提出合理化 ...

司召开的2023年度股东大会、2024年第一次临时股东大会、2024年第 二次临时股东大会、2024年第三次临时股东大会、2024年第四次临时 股东大会，与中小投资者进行互动交流。 独立董事2024年度述职报告 作为光启技术股份有限公司（以下简称"公司"）的独立董事，本 人严格按照《公司法》《上市公司独立董事管理办法》《深圳证券交 易所股票上市规则》等相关法律法规和《公司章程》、公司《独立董 事制度》等内控制度的规定和要求，在 2024 年度工作中，尽职尽责， 忠实履行职责，积极出席相关会议，认真审议董事会各项议案，对公 司相关事项发表专业意见，切实维护了公司和股东尤其是社会公众股 股东的利益。现将本人 2024 年度履行职责情况述职如下： 一、出席会议情况 出席董事会、股东大会会议情况。2024年任职期间，公司共召开 了8次董事会、5次股东大会。我作为公司独立董事，本人按规定出席 了所有董事会会议（现场或通讯表决），没有缺席情况。 期间，列席股东大会，认真倾听股东及代表意见及建议，深入了 解他们的希望和要求，获取资料，掌握情况，为履行职责，维护股东 利益创造条件；参加董事会会议，会前主动开展调查研究工作，认 ...