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证券代码：002801 证券简称：微光股份 公告编号：2024-017 杭州微光电子股份有限公司 2023 年度股东大会决议公告 本公司及董事会全体成员保证本公告内容真实、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、本次股东大会未出现否决议案的情形。 2、本次股东大会不涉及变更前次股东大会决议。 一、会议召开和出席情况 1、会议召开情况 （1）会议召开时间： 现场会议时间：2024 年 5 月 22 日（星期三）下午 15:00； 网络投票时间：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 5 月 22 日 9:15-9:25，9:30-11:30 和 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 5 月 22 日 9:15-15:00。 出席本次股东大会现场会议和网络投票的股东共12人（分别代表13名股东）， 代表股份数量 170,253,587 股，占公司有表决权股份总数（指剔除公司回购专用 账户中股份数量后的总股本，下同）的 74.8071%。 其中： （1）出席本次股东大会现场会议的股东共 5 人（代表 6 名股 ...

杭州微光电子股份有限公司 2023 年年度股东大会的 关于 法律意见书 浙江天册律师事务所 法律意见书 浙江省杭州市杭大路 1 号黄龙世纪广场 A 座 11 楼 310007 电话：0571-87901111 传真：0571-87901500 在本法律意见书中，本所律师仅对本次股东大会召集、召开程序、出席人员的 资格、召集人的资格、表决程序及表决结果的合法有效性发表意见，不对会议所审 议的议案内容和该等议案中所表述的事实或数据的真实性和准确性发表意见。 本法律意见书仅供公司 2023 年年度股东大会之目的使用。本所律师同意将本 法律意见书随微光股份本次股东大会其他信息披露资料一并公告，并依法对本所 在其中发表的法律意见承担法律责任。 法律意见书 浙江天册律师事务所 关于杭州微光电子股份有限公司 2023 年年度股东大会的 法律意见书 编号：TCYJS2024H0785 号 致：杭州微光电子股份有限公司 浙江天册律师事务所（以下简称"本所"）接受杭州微光电子股份有限公司（以 下简称"微光股份"或"公司"）的委托，指派本所律师参加公司 2023 年年度股东 大会，并根据《中华人民共和国证券法》（以下简称"《证券法 ...

杭州微光电子股份有限公司 第一条 为维护公司、股东和债权人的合法权益，规范公司的组织和行为， 充分发挥公司党建作用，根据《中华人民共和国公司法》（以下简称"《公司法》"）、 《中华人民共和国证券法》（以下简称"《证券法》"）、《中国共产党章程》（以下 简称"《党章》"）和其他有关规定，制订本章程。 第二条 公司系依照《公司法》和其他有关规定成立的股份有限公司（以下 简称"公司"）。 公司系在原杭州微光电子设备厂的基础上变更设立的股份有限公司，于 2009 年 11 月 25 日在杭州市工商行政管理局注册登记，统一社会信用代码为： 91330100143050988A。 章 程 二〇二四年五月 | 第一章 总 | 则 | 2 | | --- | --- | --- | | 第二章 | 经营宗旨和范围 | 3 | | 第三章 股 | 份 | 3 | | 第一节 | 股份发行 | 3 | | 第二节 | 股份增减和回购 | 4 | | 第三节 | 股份转让 | 5 | | 第四章 | 股东和股东大会 | 6 | | 第一节 | 股东 | 6 | | 第二节 | 股东大会的一般规定 | 8 | | 第三节 | 股东大 ...

Group 1: Financial Performance and Projections - The 2024 financial budget is based on the company's goals, with orders showing a year-on-year increase [3] - The company has confirmed a fair value loss of 20,375.83 million for the year 2023 [4] - The cash dividend policy aims for stable growth, with a payout ratio of 167.40%, ranking second in the motor industry [4] Group 2: Trust Products and Investments - The balance of trust financial products is 44,993.6 million, with 8,193.62 million specifically allocated to real estate [4] - The company has maintained active communication regarding trust product issues and adheres to disclosure obligations [4] Group 3: Market Impact and Strategic Developments - The increase in taxes on new energy vehicles does not directly affect the company, as it does not have products in that sector [4] - The Thai subsidiary's factory is in the final stages of construction, with plans to commence production this year [5]

证券代码：002801 证券简称：微光股份 公告编号：2024-016 杭州微光电子股份有限公司 关于举行 2023 年度网上业绩说明会的公告 本公司及董事会全体成员保证本公告内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 杭州微光电子股份有限公司（以下简称"公司"）已于 2024 年 4 月 30 日披露《2023 年年度报告》《2023 年年度报告摘要》，为了使广大投资者更深入全面地了解公司情况， 公司定于 2024 年 5 月 21 日（星期二）下午 15:00-17:00 举办 2023 年度网上业绩说明会，就 公司发展战略、生产经营、财务状况等情况与投资者进行充分交流，广泛听取投资者的意见 和建议。 本次年度业绩说明会将通过深圳证券交易所提供的"互动易"平台举行，投资者可以登 录"互动易"网站（http://irm.cninfo.com.cn），进入"云访谈"栏目参与本次年度业绩说明 会。 届时公司董事长何平先生，副董事长、总经理邵国新先生，董事、董事会秘书、副总经 理何思昀女士，财务总监沈妹女士，独立董事胡小明女士及相关工作人员将在网上与投资者 进行沟通（如有特殊情况，参会人员会有调 ...

Financial Performance - The company's revenue for Q1 2024 was ¥315,564,131.48, representing a 4.56% increase compared to ¥301,803,478.98 in the same period last year[4] - Net profit attributable to shareholders decreased by 4.00% to ¥72,826,885.08 from ¥75,863,168.32 year-on-year[4] - Basic earnings per share decreased by 3.03% to ¥0.32 from ¥0.33 in the same period last year[4] - Net profit for Q1 2024 was ¥72,826,885.08, a decrease of 3.4% from ¥75,456,125.54 in Q1 2023[17] Cash Flow - The net cash flow from operating activities significantly dropped by 73.92% to ¥5,191,458.50, down from ¥19,908,296.92 in the previous year[4] - The net cash flow from financing activities for Q1 2024 was -33,369,952.17 CNY, compared to 92,534,556.89 CNY in the same period last year[21] - The company reported a net cash flow from operating activities of ¥5,191,458.50, down significantly from ¥19,908,296.92 in the previous year[19] - The cash and cash equivalents at the beginning of the period were 504,911,604.28 CNY, while the ending balance was 471,541,652.11 CNY[21] - The cash and cash equivalents decreased by 136.06% to -¥33,369,952.17 from an increase of ¥92,534,556.89 in the previous year[10] - The impact of exchange rate changes on cash and cash equivalents was -2,158,502.55 CNY[21] Assets and Liabilities - Total assets increased by 2.12% to ¥1,837,853,282.30 compared to ¥1,799,705,974.06 at the end of the previous year[4] - Current liabilities decreased to ¥265,075,132.45 from ¥295,064,427.68, showing a reduction of approximately 10.1%[14] - The total liabilities decreased to ¥275,289,940.24 from ¥303,694,361.59, indicating a reduction of approximately 9.4%[17] - Total assets at the end of the reporting period are ¥1,837,853,282.30, up from ¥1,799,705,974.06[14] Shareholder Information - The total number of common shareholders at the end of the reporting period is 9,729[11] - The largest shareholder, He Ping, holds 39.38% of the shares, totaling 90,417,600 shares[11] - The total number of shares repurchased is 2,041,950, representing 0.89% of the total share capital[12] - The company has not reported any changes in the participation of major shareholders in margin trading or securities lending[12] Expenses and Investments - Operating costs for the same period were ¥230,354,192.69, up from ¥218,799,990.65, reflecting a year-over-year increase of 5.7%[16] - Research and development expenses increased to ¥10,882,207.57, up from ¥8,746,940.57, marking a rise of 24.4% year-over-year[16] - Investment income decreased by 67.07% to ¥1,843,664.77 from ¥5,599,406.97 year-on-year[8] - The company recorded a decrease in investment income to ¥1,843,664.77 from ¥5,599,406.97, a decline of 67.1%[17] Financial Changes - The company reported a significant decrease in financial expenses, which turned from a gain of ¥624,773.36 to a loss of ¥5,415,205.67, a change of 966.75%[8] - The company has a long-term equity investment valued at ¥26,105,540.21, slightly down from ¥26,368,675.54[14] Audit Status - The company’s Q1 2024 report was not audited[22]

Financial Performance - The company reported a significant increase in revenue, with a year-on-year growth of 15% in 2023 compared to 2022 [13]. - The company's operating revenue for 2023 was ¥1,268,005,022.31, representing a 5.25% increase compared to ¥1,204,770,926.51 in 2022 [18]. - The net profit attributable to shareholders for 2023 decreased by 60.68% to ¥121,084,150.94 from ¥307,932,526.40 in 2022 [18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥279,064,382.76, a decrease of 3.20% from ¥288,301,894.78 in 2022 [18]. - The basic earnings per share for 2023 was ¥0.53, down 60.45% from ¥1.34 in 2022 [18]. - The total assets at the end of 2023 were ¥1,799,705,974.06, an increase of 1.62% from ¥1,770,977,701.25 at the end of 2022 [18]. - The net assets attributable to shareholders decreased by 2.40% to ¥1,496,011,612.47 at the end of 2023 from ¥1,532,739,553.32 at the end of 2022 [18]. - The company reported a net cash flow from operating activities of ¥259,913,331.19, a slight increase of 0.94% from ¥257,489,085.05 in 2022 [18]. - The weighted average return on equity for 2023 was 8.03%, down from 21.77% in 2022, indicating a significant decline in profitability [18]. - The company experienced a net loss of ¥97,234,775.79 in the fourth quarter of 2023, contrasting with profits in the earlier quarters [22]. Dividend and Shareholder Value - The company plans to distribute a cash dividend of 3 CNY per 10 shares to all shareholders, based on a total share count of 227,590,050 shares after accounting for repurchased shares [5]. - The board of directors has approved a plan to repurchase up to 5% of the company's shares to enhance shareholder value [5]. - The total cash dividend, including other methods, amounts to 113,149,589.92 yuan, which represents 100% of the total profit distribution [150]. - The company's net profit for the year 2023 is reported at 142,506,876.18 yuan, with a total distributable profit of 1,047,310,685.64 yuan [150]. Market Expansion and Product Development - The company is focusing on expanding its market presence, particularly in Southeast Asia, aiming for a 20% increase in market share by 2025 [13]. - New product development includes the launch of a high-efficiency EC motor, expected to contribute an additional 10 million CNY in revenue in the next fiscal year [13]. - The company has initiated a strategic acquisition of a local competitor, which is projected to enhance production capacity by 30% [13]. - User data indicates a 25% increase in active users of the company's products, reflecting strong market demand [13]. - The company has set a performance guidance for 2024, targeting a revenue growth of 12% [13]. Research and Development - Research and development expenses increased by 18% in 2023, highlighting the company's commitment to innovation [13]. - R&D investment increased by 23.40% to CNY 60.12 million, with 16 new patents authorized during the reporting period [51]. - The company has established a provincial-level R&D center and focuses on innovation-driven development, enhancing product quality and technology through independent research and collaboration [30]. - The company is focused on expanding product applications in fields such as robotics, automation, power, communication, energy storage, and heat pumps [47]. Risks and Challenges - The company faces potential risks related to supply chain disruptions, which could impact production timelines [5]. - The company’s top five customers accounted for 10.21% of total annual sales, with the largest customer contributing 2.98% [62]. - The company’s export sales, which account for 52.87% of total revenue, are significantly impacted by fluctuations in the RMB exchange rate [100]. - The main raw materials for the company's products include copper, steel, aluminum, and rare earths, with risks of declining gross margins if raw material prices rise significantly [96]. Governance and Compliance - The company has established effective internal controls, with no significant deficiencies identified in financial reporting [156]. - The company has a comprehensive internal control management system overseen by the board of directors and the audit committee [152]. - The company held 5 board meetings during the reporting period, approving 19 proposals, demonstrating diligence in fulfilling responsibilities and considering the interests of minority shareholders [107]. - The company has established a compensation management system for directors and senior management, adjusting salaries based on company performance and market conditions [110]. Environmental and Social Responsibility - The company strictly adheres to environmental laws and regulations, promoting green development and resource conservation, with an environmental credit rating of A [160]. - The company has implemented energy-saving measures, including the installation of LED energy-saving lights and the use of energy-efficient equipment [161]. - The company promotes green office practices, including reducing standby energy consumption of equipment and advocating for paperless operations [160]. Investment and Financial Management - The company has a diversified investment approach across bank, trust, and other financial products [187]. - The company reported a total of 10,000 in trust products with a return rate of 6.30%, generating a revenue of 317.59 million [192]. - The company is actively managing its trust investments to mitigate risks associated with potential principal recovery issues [198]. - The company has recognized the importance of monitoring the operational status of underlying assets in its trust investments [198].

Investment Rating - The report assigns a "Buy" rating for the company, indicating an expected return exceeding 10% relative to the CSI 300 index over the next six months [10][13]. Core Insights - The company is a leader in the micro-motor sector, focusing on the production and sales of micro-motors and fans, with a strong presence in the cold chain motor and external rotor fan markets. It has established partnerships with notable clients such as PANASONIC and WHIRLPOOL [13]. - The company is expected to achieve revenues of CNY 1.269 billion, CNY 1.521 billion, and CNY 1.882 billion from 2023 to 2025, with corresponding net profits of CNY 120 million, CNY 331 million, and CNY 422 million [10][12]. - The ECM motor segment is anticipated to grow significantly due to energy efficiency policies, with the company positioned as a domestic leader in this area [13]. Financial Data and Valuation - Revenue (CNY million): 2021A: 1,111.61, 2022A: 1,204.77, 2023E: 1,269.39, 2024E: 1,521.41, 2025E: 1,882.22 [2]. - Growth Rate (%): 2021A: 39.27%, 2022A: 8.38%, 2023E: 5.36%, 2024E: 19.85%, 2025E: 23.72% [2]. - Net Profit (CNY million): 2021A: 254.43, 2022A: 307.93, 2023E: 120.36, 2024E: 331.08, 2025E: 422.10 [2]. - Earnings Per Share (CNY): 2021: 1.11, 2022: 1.34, 2023E: 0.52, 2024E: 1.44, 2025E: 1.84 [2]. - Price-to-Earnings Ratio (PE): 2023E: 41.69, 2024E: 15.15, 2025E: 11.89 [2]. - Price-to-Book Ratio (PB): 2023E: 3.13, 2024E: 2.79, 2025E: 2.45 [2]. - Return on Equity (ROE %): 2023E: 7.51%, 2024E: 18.42%, 2025E: 20.64% [2].

Group 1: Company Performance and Market Insights - The company has seen a significant year-on-year increase in servo motor orders, with brand and scale effects gradually becoming evident [1] - The energy storage market has shown substantial progress, with an increase in both the quantity and quality of cooperative clients, although sales revenue from this sector remains relatively small [2] - The company currently holds trust financial products with a balance of CNY 449.9361 million, including CNY 407.5166 million from Zhongrong International Trust, which has incurred a fair value loss of CNY 203.7583 million [2] Group 2: Industry Opportunities and Developments - The cold chain logistics sector is receiving strong governmental support, with policies emphasizing the development of cold chain logistics systems, presenting new opportunities for the company [2] - The company has reported growth in both domestic and international orders year-on-year [2] - The company plans to expand its operations in robotics and automation, focusing on servo motors and increasing investment in core components such as drivers and controllers [2]