深圳市三利谱光电科技股份有限公司（以下简称"公司"）董事会于2025 年4月16日以电话、电子邮件及短信方式发出了公司第五届董事会2025年第三次 会议的通知。本次会议于2025年4月18日在深圳市光明新区公明办事处楼村社区 第二工业区同富一路5号公司会议室以现场结合通讯表决方式召开。会议应到董 事7人，实到董事7人，其中董事长张建军先生、董事陈洪涛先生，独立董事郭晋 龙先生、胡春明先生、陈志华先生以通讯方式出席并表决。会议由董事长张建军 先生召集并主持，公司全体监事和高级管理人员列席本次会议。本次会议的通知、 召集和召开符合《中华人民共和国公司法》等法律、行政法规、规范性文件和《深 圳市三利谱光电科技股份有限公司章程》的有关规定，合法有效。 二、董事会会议审议情况 1、审议通过了《关于参股公司增资扩股暨公司放弃部分优先认购权的议案》。 表决结果：同意7票，反对0票，弃权0票。 证券代码：002876 证券简称：三利谱 公告编号：2025-025 深圳市三利谱光电科技股份有限公司 第五届董事会 2025 年第三次会议决议公告 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，不存在虚 假记载、误导性陈 ...

证券代码：002876 证券简称：三利谱 公告编号：2025-024 深圳市三利谱光电科技股份有限公司 关于参股公司增资扩股暨公司放弃部分优先认购权的公告 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，不存在虚 假记载、误导性陈述或重大遗漏。 深圳市三利谱光电科技股份有限公司（以下简称"公司"或"三利谱"）于 2025 年 4 月 18 日召开第五届董事会 2025 年第三次会议，审议通过《关于参股 公司增资扩股暨公司放弃部分优先认购权的议案》，现将具体情况公告如下： 一、参股公司增资情况概述 2023 年 5 月，公司与黄冈市人民政府签订《黄冈超宽幅偏光片项目投资合 同》，双方合作在黄冈高新技术产业开发区投资建设超宽幅偏光片生产线项目。 为推进本项目实施，同意投资设立湖北三利谱光电科技有限公司（以下简称"湖 北三利谱"或"目标公司"）作为项目具体实施主体。具体内容详见 2023 年 5 月 5 日公司在巨潮资讯网（www.cninfo.com.cn）披露的《关于与黄冈市人民政 府签订项目投资合同的公告》（公告编号：2023-035）。 2024 年 12 月，湖北三利谱的控股子公司湖北利友光电科 ...

Core Viewpoint - The company has temporarily used idle raised funds to supplement working capital, ensuring that the investment plan remains unaffected and funds are properly managed [1][2]. Group 1 - The company approved the use of RMB 200 million of idle raised funds to temporarily supplement working capital for production and operational activities, with a usage period not exceeding 12 months [1]. - As of April 10, 2025, the company has returned RMB 75 million of idle raised funds to the dedicated account, and all RMB 200 million has been returned by the current date [2]. - The company has notified its sponsor, Guosen Securities Co., Ltd., about the return of the raised funds [2].

Group 1: Company Performance and Operations - The company reported a good production and operational status in Q1 2025, with sufficient orders and improved capacity utilization [2] - The Hefei Phase II production line commenced operations in March 2025, enhancing production capabilities for large-sized displays [4] - The company’s revenue from exports is low, accounting for approximately 4% of total income [5] Group 2: Market and Industry Insights - The global display panel industry is experiencing a recovery, with structural growth in demand for polarizers as a core material [9] - The company is focusing on domestic customers, with limited direct sales to the U.S. market, thus minimizing the impact of U.S. tariffs [4] - The LCD panel industry remains dominant, holding a 70% global market share, while OLED technology is primarily used in mobile applications [11] Group 3: Financial Management and Shareholder Relations - The company is committed to value management through core business focus, investor relations, and exploring diverse market management tools [3] - The management acknowledges the importance of maintaining shareholder value and is actively engaging in market communication and cash dividends [6] - The company plans to improve its debt ratio significantly over the next year as production ramps up [10] Group 4: Future Growth and Development Plans - The company is expanding its OLED polarizer production, with significant contributions expected to revenue in the next 1-2 years [10] - There are ongoing efforts to localize raw material sourcing to reduce costs, with successful integration of domestic materials into production [12] - The company is exploring further operational plans, including potential refinancing or acquisitions, subject to future announcements [19]

证券代码：002876 证券简称：三利谱 公告编号：2025-023 深圳市三利谱光电科技股份有限公司 关于归还募集资金的公告 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，不存在虚 假记载、误导性陈述或重大遗漏。 深圳市三利谱光电科技股份有限公司（以下简称"公司"）于 2024 年 4 月 11 日召开第五届董事会 2024 年第三次会议，审议通过了《关于使用部分闲置募 集资金暂时补充流动资金的议案》，同意使用人民币 20,000 万元闲置募集资金 暂时补充流动资金，用于公司与主营业务相关的生产经营活动，使用期限自董事 会审议批准之日起不超过 12 个月，到期后将归还至募集资金专户。具体内容详 见 2024 年 4 月 12 日刊登于《证券时报》《证券日报》《中国证券报》《上海证 券报》和巨潮资讯网（www.cninfo.com.cn）的《关于使用部分闲置募集资金暂 时补充流动资金的公告》（公告编号：2024-036）。 公司在使用闲置募集资金暂时补充流动资金期间，对资金进行了合理的安排 与使用，没有影响募集资金投资计划的正常进行，没有变相改变募集资金用途， 资金运用情况良好。 2025 年 4 ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [8] Core Views - The company reported a revenue of 2.59 billion yuan for 2024, representing a year-on-year growth of 25.25%. The net profit attributable to shareholders was 68 million yuan, up 59.07%, while the net profit excluding non-recurring items reached 76 million yuan, marking a significant increase of 128.77% [2][6] - The competitive landscape is improving, with expectations for large-size polarizer prices to recover to reasonable levels in the long term. The company's flexible OLED polarizers and 65-inch polarizers are optimizing product structure, enhancing cost competitiveness through a domestic material system, and there is significant potential for global market share growth [2][12] Summary by Sections Financial Performance - The company achieved a quarterly revenue of 716 million yuan in Q4, a year-on-year increase of 35.51% and a quarter-on-quarter growth of 3.77%. The annual global demand for polarizers is projected to be 594 million square meters, with the company's sales expected to reach 33.07 million square meters, a growth of 30.40% year-on-year [12] - The company’s EPS for 2024-2026 is projected to be 0.97, 1.80, and 2.27 yuan, with corresponding P/E ratios of 27.31, 14.69, and 11.65 [12][17] Product Development and Market Position - The company is focusing on the launch of new products and the advancement of its new material system. Key projects include the second phase of production in Hefei, which is designed for 65-inch TV panel cutting, and the development of flexible AMOLED polarizers for small and medium-sized screens [12] - The company has successfully developed a new type of OLED polarizer with features such as thinner design, circular polarization, and blue light protection, with over 20 million units shipped in Q1 2024 [12]

Investment Rating - The report maintains a "Buy" rating for the company [2][8] Core Insights - The company reported a significant increase in revenue and profit for 2024, with total revenue reaching 2.59 billion yuan, a year-on-year growth of 25.25%, and a net profit attributable to shareholders of 68 million yuan, up 59.07% [5][10] - The company is experiencing a recovery in gross margin, which was 17.29% for 2024, an increase of 2.48% year-on-year, with a notable quarterly improvement [8] - The company is accelerating production capacity with new projects coming online, particularly in large-size TV applications and flexible AMOLED polarizers [8] Financial Data and Profit Forecast - The company’s total revenue is projected to grow from 2.068 billion yuan in 2023 to 4.325 billion yuan by 2027, with a compound annual growth rate (CAGR) of approximately 11.1% [7][10] - Net profit is expected to increase significantly from 43 million yuan in 2023 to 346 million yuan in 2027, reflecting a strong growth trajectory [7][10] - The report adjusts profit forecasts for 2025 and 2026 downwards due to industry price pressures but introduces a new forecast for 2027, maintaining a favorable outlook [8]

Core Viewpoint - Sanlipu's 2024 annual report shows impressive revenue growth, but underlying challenges in market competition, cost control, and cash flow management remain significant concerns [1][2][5]. Revenue Growth - Sanlipu achieved a record revenue of 2.59 billion yuan in 2024, representing a year-on-year increase of 25.25% [1][2]. - The growth was primarily driven by the expansion in the polarizer market, particularly the ramp-up of OLED series products, with total polarizer sales reaching 33.07 million square meters, up 30.40% year-on-year [2]. Market Competition - Despite the revenue increase, Sanlipu faces intensified market competition as the global display panel industry recovers, leading to structural growth in polarizer demand, projected to reach 594 million square meters, a year-on-year increase of approximately 4.3% [2]. - The rise of domestic competitors and the acceleration of domestic substitution processes pose additional challenges for Sanlipu [2]. Profitability and Cost Control - The company's net profit grew by 59.07% year-on-year to 68.09 million yuan, but concerns about cost control persist [1][3]. - Sanlipu's gross profit was 448 million yuan, with a gross margin of 17.3%, which, while improved from the previous year, still lags behind industry leaders [3]. - Increased R&D investment, with 29 new patent applications submitted, has not significantly improved gross margins and has compressed profit margins [3]. Cash Flow Management - Operating cash flow for 2024 was 42.21 million yuan, a modest increase of 1.7%, indicating insufficient cash flow relative to revenue and net profit growth [5]. - The company plans to distribute a cash dividend of 1.5 yuan per 10 shares, totaling 26.03 million yuan, which may further strain cash flow [5]. - Total assets reached 5.256 billion yuan, up 28.6% year-on-year, but net assets grew only 1.2% to 2.361 billion yuan, highlighting challenges in capital management and asset allocation [5].

深圳市三利谱光电科技股份有限公司 2024 年度独立董事述职报告（郭晋龙） 各位股东及股东代表： 作为深圳市三利谱光电科技股份有限公司（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》等法律法规和《公司章程》《独 立董事工作制度》等的规定，忠实履行了独立董事的职责，谨慎、认真、勤勉地 行使了独立董事的权利，积极出席相关会议，认真审议董事会的各项议案，对重 要事项发表独立意见，充分发挥独立董事的作用，切实维护公司整体利益和全体 股东尤其是中小股东的合法权益。现将 2024 年任职期间的履职情况汇报如下： 一、独立董事的基本情况 本人郭晋龙，1961 年出生，中国国籍，硕士学历，中国注册会计师，无永 久境外居留权。现任信永中和研究院副院长，深圳市水务规划设计院股份有限公 司独立董事，内蒙古福瑞医疗科技股份有限公司独立董事，深圳市文硕佳音音乐 剧传播有限公司监事，2020 年 7 月至今担任公司独立董事。 履职期间内，本人任职符合《上市公司独立董事管理办法》第六条规定的独 立性要求，不存在影响独立性的情况。 二、 ...

深圳市三利谱光电科技股份有限公司 2024 年度独立董事述职报告（陈志华） 各位股东及股东代表： 作为深圳市三利谱光电科技股份有限公司（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》等法律法规和《公司章程》《独 立董事工作制度》等的规定，忠实履行了独立董事的职责，谨慎、认真、勤勉地 行使了独立董事的权利，积极出席相关会议，认真审议董事会的各项议案，对重 要事项发表独立意见，充分发挥独立董事的作用，切实维护公司整体利益和全体 股东尤其是中小股东的合法权益。现将 2024 年任职期间的履职情况汇报如下： 一、独立董事的基本情况 本人陈志华，1971 年出生，中国国籍，南开大学法学、信息学双学士学位， 无永久境外居留权。现任广东格林律师事务所监事会监事长、高级合伙人、专职 律师，兼任本公司独立董事，2023 年 7 月 25 日至今，本人担任公司独立董事。 履职期间内，本人任职符合《上市公司独立董事管理办法》第六条规定的独 立性要求，不存在影响独立性的情况。 二、独立董事年度履职情况 （一）出席公司董事会和股东 ...