Group 1 - The company plans to repurchase shares worth between 100 million to 150 million yuan, with a maximum repurchase price of 29.5 yuan per share [1] - The estimated number of shares to be repurchased is approximately 3.3898 million to 5.0847 million shares, which represents 0.76% to 1.13% of the company's total share capital [1] - The repurchased shares will be used for implementing an equity incentive plan or an employee stock ownership plan at an appropriate time in the future [1]

证券代码：300203 证券简称：聚光科技 公告编号：2025-031 聚光科技（杭州）股份有限公司 关于回购公司股份方案的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整， 没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1、回购股份的种类：聚光科技（杭州）股份有限公司（以下简称"公司" 或"聚光科技"）已在境内发行上市的人民币普通股（A 股）股票。 2、回购股份的用途：将在未来适宜时机用于实施股权激励计划或员工持股 计划。若公司未能在本次股份回购实施结果暨股份变动公告日后三年内使用完毕 已回购股份，尚未使用的已回购股份将依法予以注销。如国家对相关政策做调整， 则按调整后的政策执行。 4、回购股份的数量、占公司总股本的比例：按回购价格上限 29.50 元/股和 回购金额上限 15,000 万元测算，预计回购股份数量约为 5,084,745 股，占公司 总股本的 1.13%。按照回购价格上限 29.50 元/股和回购金额下限 10,000 万元测 算，预计回购股份数量约为 3,389,830 股，占公司总股本的 0.76%。具体回购股 份的数量及占公司总股本的比例以实际回购的股份数量和占公 ...

证券代码：300203 证券简称：聚光科技 公告编号：2025-030 基于对公司未来发展的信心和对公司价值的认可，为增强投资者对公司的投 资信心，同时为进一步健全公司长效激励机制，有效地将股东利益、公司利益和 员工个人利益紧密结合在一起，促进公司健康、稳定、可持续发展，在综合考虑 公司业务发展前景、经营情况、财务状况、盈利能力等基础上，公司拟使用不低 于人民币10,000万元（含本数）且不超过人民币15,000万元（含本数）自有资金 和自筹资金通过集中竞价交易方式回购公司股份，并在未来适宜时机用于股权激 励计划或员工持股计划，回购期限为自公司董事会审议通过本次回购方案之日起 12个月内。 具体内容详见同日披露于巨潮资讯网（www.cninfo.com.cn）的《关于回购 公司股份方案的公告》。 聚光科技（杭州）股份有限公司 第五届董事会第二次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完 整，没有虚假记载、误导性陈述或重大遗漏。 聚光科技(杭州)股份有限公司(下称"公司")董事会于2025年8月15日以电 子邮件、书面传真和专人送达等方式发出召开公司第五届董事会第二次会议通 知。会议于 ...

Core Insights - The environmental equipment sector saw a rise of 1.11% on August 19, with Jiuwu Gaoke leading the gains [1] - The Shanghai Composite Index closed at 3727.29, down 0.02%, while the Shenzhen Component Index closed at 11821.63, down 0.12% [1] Stock Performance - Jiuwu Gaoke (300631) closed at 36.87, up 11.69% with a trading volume of 388,500 shares and a transaction value of 1.429 billion [1] - Huahong Technology (002645) closed at 18.05, up 9.99% with a trading volume of 981,600 shares and a transaction value of 1.753 billion [1] - Xihui Co. (300210) closed at 11.94, up 6.23% with a trading volume of 356,200 shares and a transaction value of 417 million [1] - Qingda Environmental (688501) closed at 31.82, up 3.41% with a trading volume of 30,200 shares and a transaction value of 95.483 million [1] - Henghe Co. (832145) closed at 22.12, up 3.12% with a trading volume of 18,000 shares and a transaction value of 39.7403 million [1] Capital Flow - The environmental equipment sector experienced a net inflow of 186 million from institutional investors, while retail investors saw a net outflow of 14.2291 million [2][3] - Huahong Technology had a net inflow of 163 million from institutional investors, but a net outflow of 91.9392 million from retail investors [3] - Jiuwu Gaoke had a net inflow of 119 million from institutional investors, with a net outflow of 105 million from retail investors [3]

Group 1 - The A-share laser radar concept stocks experienced a short-term rise on August 19, with Tengjing Technology increasing by over 14% [1] - Saiwei Electronics saw an increase of over 11% [1] - Other stocks such as Guangxun Technology, Guangku Technology, Juguang Technology, and Lingyi Zhi Zao also followed the upward trend [1]

（文章来源：每日经济新闻） 每经AI快讯，8月19日，可控核聚变概念回暖，金田股份涨停，四创电子涨超5%，聚光科技、辰光医 疗、常辅股份等个股跟涨。 ...

Core Viewpoint - The online analyzer industry is a critical component in industrial automation, environmental monitoring, and process control, with continuous technological advancements and expanding application areas. The market is projected to grow significantly, with production capacity and demand increasing in the coming years [1][8]. Industry Definition and Classification - Online analyzers, also known as process analyzers, are instruments installed directly in industrial production processes for real-time detection of material composition or physical parameters. They are widely used in the petrochemical industry [2][3]. Current Industry Status - In 2024, China's online analyzer production capacity is expected to reach 162,000 units, with a production volume of 128,800 units and a demand of 136,300 units, resulting in a market size of 11.44 billion yuan. The liquid analyzer segment holds the largest market share at 4.83 billion yuan [1][8]. Industry Development Trends - The online analyzer industry is expected to evolve towards smart, integrated, and networked solutions. This includes enhanced data processing capabilities, multi-functional integration, and real-time data transmission for remote monitoring and management [25][26]. Competitive Landscape - The global online analyzer market is competitive, with significant advantages held by European and American companies in technology and market share. However, Chinese companies are gradually increasing their market position due to strong domestic demand and a well-established industrial chain [18][21]. Production Business Models - The production business models in the online analyzer industry include independent research and development, OEM, customized production, standardized production, and industry-academia collaboration [10][12]. Industry Chain - The upstream of the online analyzer industry consists of raw material suppliers, including metals, plastics, and core components like high-precision sensors and specialized light sources. The midstream involves the production of online analyzers, while the downstream applications span various sectors such as petrochemicals, metallurgy, food, pharmaceuticals, and environmental protection [14].

Core Viewpoint - The company, 聚光科技, is facing regulatory scrutiny due to information disclosure violations by its controlling shareholders, which coincides with significant financial challenges and operational fluctuations over recent years [1][2][3]. Group 1: Regulatory Issues - The controlling shareholders, 浙江睿洋科技有限公司 and 浙江普渡科技有限公司, along with their associates, received a warning letter from the Zhejiang Securities Regulatory Bureau for failing to timely disclose shareholding changes [1][2]. - The shareholding of the actual controllers decreased from 25.74% to 24.95% on May 16, 2025, but the required report was only disclosed on June 10, 2025 [2]. - The inaccurate disclosure of shareholding percentages in various announcements has been noted, leading to regulatory action [2][3]. Group 2: Financial Performance - 聚光科技 has experienced significant fluctuations in its financial performance, with net profits declining for three consecutive years from 2021 to 2023, resulting in losses of 2.32 billion, 3.75 billion, and 3.23 billion respectively [8]. - In 2024, the company reported a turnaround with a net profit of 2.07 billion, attributed to strategic adjustments and optimization efforts [8]. - However, the company is projected to incur losses again in the first half of 2025, with estimates ranging from 54 million to 42 million [8][9]. Group 3: Financial Pressure on Shareholders - As of the end of Q1 2025, the company had a debt of 33.36 billion, which is 2.53 times its cash reserves, indicating significant financial pressure [1][9]. - The controlling shareholder, 浙江睿洋科技, has 80.40% of its shares frozen due to legal issues stemming from a failed PPP project, which has further complicated its financial situation [4][5]. - The company is also facing forced share sales due to a margin call from 中信证券, which could lead to a reduction of up to 448.73 million shares [5]. Group 4: Industry Context - 聚光科技 operates in the high-end analytical instrument sector, which is experiencing rapid growth in China, yet still lags behind established players in the US, Germany, and Japan [7]. - The company claims to be a leader in this field, focusing on high-end mass spectrometry, chromatography, and spectroscopy technologies, with a significant reliance on imported products [7]. - The domestic market shows a pressing need for local alternatives, as nearly 90% of high-end analytical instruments are imported [7].

Core Viewpoint - The company, 聚光科技, is facing significant financial challenges, including a history of losses and regulatory scrutiny due to information disclosure violations by its major shareholders [1][5][10]. Financial Performance - From 2021 to 2023, the company reported a continuous decline in revenue, with figures of 37.51 billion, 34.51 billion, and 31.82 billion respectively, representing year-on-year decreases of 8.55%, 8%, and 7.80% [10]. - The net profit for the same period showed losses of 2.32 billion, 3.75 billion, and 3.23 billion, marking three consecutive years of losses [10]. - In 2024, the company achieved a turnaround with a revenue of 36.14 billion, a year-on-year increase of 13.58%, and a net profit of 2.07 billion, up 164.11% [10]. - However, for the first half of 2025, the company anticipates a net loss of between 54 million and 42 million, indicating a return to losses after a brief recovery [10][11]. Shareholder Issues - The major shareholders, 浙江睿洋科技有限公司 and 浙江普渡科技有限公司, received a warning from the Zhejiang Securities Regulatory Bureau for failing to timely disclose changes in shareholding, which dropped from 25.74% to 24.95% [4][5]. - As of June 5, 2025, 80.40% of the shares held by the controlling shareholder were frozen due to legal issues related to a failed PPP project [3][6]. - The company disclosed that part of the shares would be forcibly sold by 中信证券 due to a default on a financing agreement, potentially reducing the shareholding by up to 448.73 million shares [7]. Industry Context - 聚光科技 operates in the high-end analytical instrument sector, which is experiencing rapid growth in China, yet still lags behind established markets like the US, Germany, and Japan [9]. - The company claims to be a leader in this field, with a significant reliance on imported high-end instruments, indicating a strong demand for domestic alternatives [9]. - The company has diversified its business into multiple sectors, including smart environments and life sciences, aiming to create a robust multi-platform business model [10].

Group 1 - The Shenzhen Stock Exchange issued a regulatory letter to 聚光科技 (Hangzhou) Co., Ltd. for failing to timely disclose a simplified equity change report regarding a reduction in shareholding from 25.74% to 24.95% [1] - The company and its controlling shareholders were found to have inaccurate disclosures regarding their combined shareholding, violating the regulations of the "Measures for the Administration of the Acquisition of Listed Companies" and the "Rules for the Listing of Stocks on the Growth Enterprise Market" [1] - The Shenzhen Stock Exchange has required the company to rectify the situation and reminded it to comply with trading regulations and fulfill information disclosure obligations [1] Group 2 - 聚光科技 stated that the warning letter will not affect its normal production and operations, and the company will strive to improve its operational standards and enhance the quality of information disclosure [3] - The company was founded in 2002 and went public on April 15, 2011, becoming a leading provider of urban intelligent solutions and a pioneer in green smart city construction in China [3] - The main business areas of 聚光科技 include environmental and safety monitoring management, environmental governance, smart water resources, ecological environment development, smart industry, and smart laboratories [3] Group 3 - The company expects a net loss of 42 million to 54 million yuan for the first half of 2025, compared to a net profit of 45.55 million yuan in the same period last year [3] - The expected non-recurring net profit loss is projected to be between 72 million and 84 million yuan, while the same period last year reported a profit of 12.28 million yuan [3] - 聚光科技 indicated that the decline in revenue and profit is a result of strategic choices made to enhance long-term competitiveness amid a complex environment, while maintaining stable cash flow and good momentum in core high-end business development [3]