证券代码：002767 证券简称：先锋电子 公告编号：2025-605 杭州先锋电子技术股份有限公司 关于完成监事会换届选举的公告 本公司及监事会全体成员保证信息披露内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 杭州先锋电子技术股份有限公司（以下简称"公司"）第五届监事会任期届 满，根据《公司法》《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》等法律法规、规范性文件及 《公司章程》的有关规定，经公司第五届监事会提名，公司于 2025 年 5 月 16 日召开 2024 年年度股东大会，审议通过了《关于公司监事会换届选举暨提名第 六届监事会非职工代表监事候选人的议案》。 公司第六监事会由 3 名监事组成，其中非职工代表监事 2 名，职工代表监事 1 名，职工代表监事由公司职工代表大会选举产生。经公司 2024 年年度股东大 会审议，选举辛德春先生、金洪涛先生为公司第六届监事会非职工代表监事。公 司于 2025 年 4 月 24 日召开了职工代表大会，选举胡维红女士为公司职工代表监 事，与公司股东大会选举产生的另外 2 名监事共同组成第六届监 ...

关于完成董事会换届选举的公告 本公司及董事会全体成员保证信息披露内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 杭州先锋电子技术股份有限公司（以下简称"公司"）第五届董事会任期届 满，根据《公司法》《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》等法律法规、规范性文件及 《公司章程》的有关规定，经公司第五届董事会提名，公司于 2025 年 5 月 16 日召开 2024 年年度股东大会，审议通过了《关于公司董事会换届选举暨提名第 六届董事会非独立董事候选人的议案》和《关于公司董事会换届选举暨提名第六 届董事会独立董事候选人的议案》。 公司第六届董事会由 7 名董事组成，其中非独立董事 4 名，独立董事 3 名。 经公司 2024 年年度股东大会审议，选举石义民先生、石扬先生、程迪尔女士、 崔巍先生为公司第六届董事会非独立董事；选举章程先生、孔令芬女士、戴国骏 先生为公司第六届董事会独立董事；第六届董事会任期自公司 2024 年年度股东 大会审议通过之日起三年。上述人员简历详见公司于 2025 年 4 月 25 日披露于《证 券时报》和巨潮资 ...

地址：上海市浦东新区银城中路 501 号上海中心大厦 11、12 层 电话：021-20511000 传真：021-20511999 邮编：200120 上海市锦天城律师事务所 关于杭州先锋电子技术股份有限公司 2024 年年度股东大会的 法律意见书 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于杭州先锋电子技术股份有限公司 2024 年年度股东大会的 法律意见书 致：杭州先锋电子技术股份有限公司 上海市锦天城律师事务所（以下简称"本所"）接受杭州先锋电子技术股份 有限公司（以下简称"公司"）委托，就公司召开 2024 年年度股东大会（以下 简称"本次股东大会"）的有关事宜，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》等法律、法规、规章和其他规范性文件 以及《杭州先锋电子技术股份有限公司章程》（以下简称《公司章程》）的有关 规定，出具本法律意见书。 为出具本法律意见书，本所及本所律师依据《律师事务所从事证券法律业务 管理办法》和《律师事务所证券法律业务执业规则（试行）》等规定，严格履行 了法定职责，遵循了勤勉尽责和诚实信用原则，对本次股东大会所涉及的相关事 项进 ...

证券代码：002767 证券简称：先锋电子 公告编号：2025-603 本公司及董事会全体成员保证信息披露内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 杭州先锋电子技术股份有限公司 2024 年年度股东大会 决议公告 特别提示： 1、本次股东大会未出现否决、修改、增加提案的情形。 2、本次股东大会未涉及变更前次股东大会决议。 一、会议召开和出席情况 1、会议召开的基本情况： （1）会议召开的日期、时间 现场会议召开时间：2025年5月16日（星期五）下午14:00 网络投票时间：2025年5月16日 其中：通过深圳证券交易所交易系统进行网络投票，时间为2025年5月16日 9:15-9:25，9:30-11:30和13:00-15:00；通过互联网投票系统进行网络投票，时间 为2025年5月16日上午9:15至下午15:00期间的任意时间。 （2）现场会议召开地点：杭州先锋电子技术股份有限公司 24 层会议室浙江 省杭州市滨江区滨安路 1186-1 号 （3）现场会议召开方式：本次股东大会采用现场投票和网络投票相结合的 方式。 （4）股东大会召集人：公司董事会。 （5）现场会议主持人：公司董事 ...

Summary of the Conference Call for Hangzhou Pioneer Electronic Technology Co., Ltd. Company Overview - Hangzhou Pioneer Electronic Technology Co., Ltd. was established in 1991 and focuses on providing self-developed urban gas equipment and smart gas solutions. The company was listed on the Shenzhen Stock Exchange on June 12, 2015, with the stock name "Pioneer Electronics" and stock code "002767" [3][4]. - The company has a registered capital of 150 million yuan and occupies an area of 35 acres, employing nearly 500 people. It is recognized as a high-tech enterprise by the Zhejiang Provincial Science and Technology Department [3]. - As of 2021, Pioneer Electronics has provided services to over 1,200 gas companies and 25 million smart gas meter online users across more than 30 provinces and regions in China [3]. Financial Performance - In 2024, the company reported operating revenue of 62.053 million yuan, a decrease of 0.56% year-on-year. However, the net profit attributable to shareholders increased by 247.40% to 26.47 million yuan, while the net profit after deducting non-recurring gains and losses fell by 47.88% to 21.61 million yuan [9][10]. - The decline in net profit after deductions was attributed to increased operating expenses due to business expansion and project execution, as well as a cautious impairment loss of 15.36 million yuan on assets [6]. Market and Competitive Landscape - The company is actively expanding its overseas market to diversify revenue streams, with a significant drop in overseas income from 1.67 million yuan in 2023 to 7,500 yuan in 2024, a decline of 99.55% [6]. - To maintain market share amidst competition, the company is advancing the development of smart gas IoT solutions and has deployed urban gas monitoring and early warning platforms in multiple cities [7][12]. - The commercial smart gas meter segment saw a revenue increase of 6.96%, with the market expected to grow from 12 billion yuan in 2025 to 28 billion yuan by 2030, reflecting an annual compound growth rate of 18.5% [8]. Strategic Initiatives - The company plans to enhance its core capabilities through product and technology innovation, focusing on precision measurement and data application to meet the needs of commercial users [8]. - Strategies for expanding commercial customer bases include optimizing communication technology, enhancing data applications, and integrating resources across the supply chain [8]. - The company is also exploring partnerships with technology firms like Alibaba Cloud and Dahua for specific technological collaborations [8]. Future Outlook - The company aims to achieve steady revenue growth and optimize profit structure in 2025, with a focus on R&D investments in smart metering and IoT platforms [14][16]. - The demand for smart gas meters is expected to grow, driven by government initiatives to upgrade old pipelines and the increasing importance of gas safety [15]. - The company is committed to high-quality development and plans to invest in companies with core technologies and proprietary intellectual property in the urban safety sector [15]. Additional Insights - The company has completed the development of ultrasonic gas meters, which offer advantages over traditional diaphragm meters in terms of measurement accuracy, lifespan, and operational costs [10]. - The company is closely monitoring the hydrogen energy sector and evaluating potential collaborations in this area [11]. - The urban gas monitoring and early warning platform has been deployed in multiple cities, enhancing the company's technical value and customer loyalty [13]. This summary encapsulates the key points from the conference call, highlighting the company's performance, market strategies, and future outlook.

Group 1: Financial Performance - The company's operating income for 2024 is 62,053 million, a decrease of 0.56% year-on-year [7] - Net profit attributable to shareholders is 2,647 million, an increase of 247.40% year-on-year [7] - Deducting non-recurring gains and losses, the net profit is 2,161 million, a decrease of 47.88% year-on-year [7] Group 2: Profit Decline Reasons - The decline in net profit is primarily due to increased expenses from business expansion, project execution, and ongoing R&D and market investments, alongside a 15.36 million impairment loss [2] - The overseas revenue dropped from 167 million in 2023 to 0.75 million, a decline of 99.55% [2][3] Group 3: Market Strategy and Competition - The company aims to maintain market share through digital transformation and smart gas IoT development, with a focus on urban gas monitoring platforms [3] - The company is actively expanding into overseas markets to diversify revenue streams [3] Group 4: Growth Potential in Smart Gas Meters - The commercial smart gas meter market is projected to grow from 12 billion in 2025 to 28 billion by 2030, with a compound annual growth rate of 18.5% [4] - The growth is driven by a 12% annual increase in natural gas consumption in the industrial sector and mandatory smart meter coverage by 2027 [4] Group 5: Product Development and Innovation - The company has completed the R&D of ultrasonic gas meters, which offer advantages in measurement accuracy, lifespan, and operational costs compared to traditional meters [7] - The company is exploring partnerships in the hydrogen energy sector and evaluating feasibility for future collaborations [8] Group 6: Future Outlook and Strategic Goals - The company plans to enhance operational efficiency and core capabilities while pursuing mergers and acquisitions for external growth [8] - The focus for 2025 includes steady revenue growth, increased R&D investment, and capacity expansion to meet market demand [10]

Core Insights - The financial report of Pioneer Electronics for 2024 shows contradictory data, with a slight revenue decline of 0.56% to 621 million yuan, while net profit attributable to shareholders surged by 247.40% to 26.47 million yuan, primarily due to non-recurring gains [1] - The underlying issue is a significant drop in core business profitability, as net profit excluding non-recurring items fell by 47.88% to 21.62 million yuan, indicating a reliance on non-sustainable income sources [1] Group 1: Financial Performance - The increase in net profit was largely driven by non-recurring gains, which contributed 72% of the profit increment, highlighting a "blood transfusion" profit model that is unsustainable [1] - Accounts receivable surged by 20.59%, outpacing revenue decline, indicating reduced sales collection efficiency, with accounts receivable turnover ratio dropping from 1.85 to 1.67 [2] - Operating cash flow decreased by 53.26% to 46.88 million yuan, creating a disconnect between cash flow and net profit, raising concerns about profit quality [2] Group 2: Operational Challenges - The company faces deteriorating operational quality, with rising fixed costs in sales, management, and R&D expenses, leading to an increase in the expense ratio to 30.47% [2] - The core product, wireless remote smart gas meters, accounted for 80.07% of revenue but saw a 2.43% decline, indicating market saturation, while industrial smart gas meters were the only growth segment with a 6.96% increase [3] - Regional market disparities are evident, with revenue growth of 23% in the Southwest contrasting with a 28.57% decline in North China, reflecting uneven regional expansion [4] Group 3: Financial Structure and Risks - The debt-to-equity ratio increased from 8.14% to 12.79%, with short-term debt comprising 100% of total debt, indicating heightened liquidity pressure [5] - The number of shareholders decreased by 21.62%, while the average market value per shareholder increased by 27.98%, suggesting a concentration of shares among institutional investors, yet the high P/E ratio of -297.87 times raises concerns about profit sustainability [5] - Accounts receivable turnover days extended from 194 to 216 days, potentially leading to increased bad debt provisions, alongside risks from rapid technological changes and a declining policy-driven market [6][7] Group 4: Strategic Recommendations - The company should prioritize cash flow management by establishing a dynamic customer credit assessment system and exploring accounts receivable securitization to reduce capital costs [8] - Accelerating the commercialization of hydrogen measurement products is essential to leverage the "dual carbon" policy window and capture high-end industrial markets [8] - Implementing smart manufacturing initiatives can help convert digital investments into cost advantages, maintaining a competitive gross margin of 35.24% [8]

5. 飞利信(300287.SZ)：董事岳路先生减持计划期限届满，累计减持20万股，占总股本0.01%，减持后持 股比例由0.25%降至0.23%。 6. 硅烷科技(838402.SZ)：持股5%以上股东张建五提前终止减持计划，实际减持433.09万股，占总股本 1.0261%，减持后持股比例为15%。 7. 汉宇集团(300403.SZ)：控股股东石华山及其一致行动人梁颖光、郭丽华减持计划期限届满，累计减 持715.81万股，占总股本1.1871%，减持后合计持股比例为34.33%、0.49%、0.09%。 1. 百洋医药(301015.SZ)：控股股东百洋集团决定提前终止减持计划，未减持任何股份，当前持股比例 为70.22%，基于对公司发展前景的信心和价值认可，未来不再减持原计划额度内的公司股份。 2. 鲍斯股份(300441.SZ)：控股股东怡诺鲍斯于2025年4月15日至24日期间，通过集中竞价方式累计减持 394.66万股，占总股本0.61%，减持后怡诺鲍斯及其一致行动人合计持股比例由49.45%降至48.83%。 3. 采纳股份(301122.SZ)：股东中信保诚因资金需求，计划自公告发布之日起1 ...

本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 特别提示： 杭州先锋电子技术股份有限公司（以下简称"公司"）于近日收到公司控股 股东石政民先生出具的《股份减持计划告知函》，石政民先生目前持有公司股份 66,417,332 股，占公司总股本的 44.28%，计划在本公告披露之日起 15 个交易日 后的 3 个月内（窗口期内不减持），通过证券交易所集中竞价交易方式和大宗交 易方式减持公司股份合计不超过 1,500,000 股，占公司总股本的 1%。现将有关事 项公告如下： 一、控股股东及其一致行动人持股情况概述 证券代码：002767 证券简称：先锋电子 公告编号：2025-602 杭州先锋电子技术股份有限公司 关于控股股东减持股份的预披露公告 公司控股股东石政民先生保证向本公司提供的信息内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 截至本公告披露日，控股股东石政民先生持有公司股份 66,417,332 股，占公 司总股本的 44.28%。控股股东石政民先生与公司董事长石义民先生为一致行动 人，控股股东石政民先生及其一致行动人石义民先生的具体持股情况如下： | 股东名称 | 职 ...

前十大流通股东累计持有： 7669.67万股，累计占流通股比： 58.93%，较上期变化： -11.94万股。 | 名称 | 持有数量(万股) | 占总股本比例 | 增减情况(万 | | --- | --- | --- | --- | | | | (%) | 股) | | 石政民 | 6641.73 | 51.02 | 不变 | | 石义民 | 648.81 | 4.98 | 不变 | | MORGAN STANLEY & CO. INTERNATIONAL PLC. | 64.59 | 0.50 | 新进 | | 李归红 | 62.00 | 0.48 | 新进 | | 顾凤仙 | 53.60 | 0.41 | 新进 | | 豆国妹 | 51.54 | 0.40 | -1.49 | | 余戎 | 40.00 | 0.31 | 新进 | | 孙维安 | 39.24 | 0.30 | 0.09 | | 姚明娟 | 34.94 | 0.27 | 1.72 | | 黄勘 | 33.22 | 0.26 | 新进 | | | 较上个报告期退出前十大股东有 | | | | UBS AG | 74.66 | 0.57 | 退 ...