Investment Rating - The report maintains a "Buy-A" investment rating for the company with a target price of 5.99 CNY for the next six months [5][6]. Core Insights - The company reported a revenue of 3.406 billion CNY for the first half of 2024, a year-on-year increase of 3.26%, while the net profit attributable to shareholders decreased by 54.60% to 100.5 million CNY [1]. - The overseas revenue for the first half of 2024 reached 2.171 billion CNY, marking a year-on-year growth of 19.34% [2]. - The company's gross profit margin improved to 32.08%, an increase of 2.23 percentage points, primarily due to a higher proportion of overseas business [2]. - The global LED display market is projected to grow at a compound annual growth rate (CAGR) of 13.78% from 2021 to 2026, with small-pitch displays growing at 23.65% and micro-pitch displays at 40.08% [3]. - The company has achieved significant technological advancements in Mini/Micro LED products, addressing various technical challenges and planning to expand production capacity to 6,000KK per month by the end of 2024 [4]. Financial Summary - Revenue projections for the company are estimated at 8.077 billion CNY, 9.047 billion CNY, and 10.132 billion CNY for 2024, 2025, and 2026 respectively, with net profits expected to be 272 million CNY, 367 million CNY, and 751 million CNY for the same years [5][10]. - The company’s earnings per share (EPS) is projected to increase from 0.25 CNY in 2024 to 0.69 CNY in 2026 [10]. - The price-to-earnings (PE) ratio is expected to decrease from 20.6 in 2024 to 7.5 in 2026, indicating a potential increase in value [10].

深圳市洲明科技股份有限公司 关于公司履行担保责任的进展公告 本公司及董事会全体成员保证信息披露内容真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏。 一、情况概述 1、买方信贷担保审批情况 深圳市洲明科技股份有限公司（以下简称"公司"）于 2022 年 4 月 26 日召开 第四届董事会第三十六次会议、第四届监事会第三十一次会议，于 2022 年 5 月 20 日召开 2021 年年度股东大会，审议通过了《关于 2022 年度公司为客户提供 买方信贷担保的议案》，同意公司及全资子公司中山市洲明科技有限公司（以下 简称"中山洲明"）与合作银行开展买方信贷业务，公司、中山洲明预计向买方提 供累计金额不超过 5 亿元人民币的买方信贷担保，在上述额度内可滚动使用。具 体内容详见公司披露于中国证监会指定创业板信息披露网站巨潮资讯网 （www.cninfo.com.cn）的《关于为客户提供买方信贷担保的公告》（公告编号： 2022-026）。 2、安徽黑洞买方信贷业务情况 证券代码：300232 证券简称：洲明科技 公告编号：2024-083 2 二、本次履行担保责任的进展情况及后续安排 1 公司已与安徽黑洞及其 ...

深圳市洲明科技股份有限公司会计师事务所选聘制度 深圳市洲明科技股份有限公司 会计师事务所选聘制度 第一章 总则 第一条 为规范深圳市洲明科技股份有限公司（以下简称"公司"）选聘（含 续聘、改聘）会计师事务所相关行为，提高财务信息质量，切实维护股东利益， 根据《中华人民共和国公司法》《中华人民共和国证券法》《深圳证券交易所创业 板股票上市规则》《深圳证券交易所上市公司自律监管指引第 2 号——创业板上 市公司规范运作》《国有企业、上市公司选聘会计师事务所管理办法》等法律、 行政法规、部门规章及规范性文件以及《深圳市洲明科技股份有限公司章程》（以 下简称"《公司章程》"）的有关规定和要求，结合公司的实际情况，特制定本制 度。 第二条 公司选聘（含续聘、改聘）进行会计报表审计等业务的会计师事务 所（下称"会计师事务所"），需遵照本制度的规定。选聘其他专项审计业务的会 计师事务所，视重要性程度可参照本制度执行。 第三条 公司选聘会计师事务所应由董事会审计委员会（以下简称"审计委员 会"）审议同意后，提交董事会审议，并由股东大会决定。公司不得在董事会、 股东大会审议前聘请会计师事务所开展审计业务。 第二章 会计师事务所 ...

Financial Performance - The company reported a revenue of 1.2 billion RMB for the first half of 2024, representing a year-on-year increase of 15%[2]. - The company expects a revenue growth of 10% for the second half of 2024, projecting a total revenue of approximately 2.4 billion RMB for the full year[2]. - In the first half of 2024, the company achieved operating revenue of CNY 3,406,188,152.35, representing a year-on-year increase of 3.26%[12]. - The net profit attributable to shareholders was CNY 100,450,425.76, a significant decrease of 54.60% compared to the same period last year[12]. - The net profit after deducting non-recurring gains and losses was CNY 82,830,904.21, down 68.90% year-on-year[12]. - The company's cash flow from operating activities was CNY 42,413,339.23, a decline of 87.88% compared to the previous year[12]. - The company reported a net profit of 229.7 million yuan for the first half of 2024, representing a year-on-year increase of 10%[85]. - The company reported a net profit of RMB 120 million for the fiscal year 2024, with a year-on-year growth of 50% compared to RMB 80 million in 2023[133]. User Growth and Market Expansion - User data showed an increase in active users by 20% compared to the same period last year, reaching 5 million active users[2]. - The company is expanding its market presence in North America, with a target to increase market share by 30% by the end of 2025[2]. - The company's overseas revenue continued to grow, contributing to the overall revenue increase[18]. - Overseas revenue reached 2.171 billion RMB in the first half of 2024, representing a year-on-year growth of 19.34%[20]. - The company continues to focus on expanding its international market presence and enhancing brand influence through strategic partnerships and marketing campaigns[20]. Product Development and Innovation - New product launches in the LED display segment contributed to a 25% increase in sales volume during the first half of 2024[2]. - Research and development expenses increased by 18%, totaling 150 million RMB, focusing on advanced LED technologies[2]. - The company is actively developing LED+AI integrated solutions, enhancing product competitiveness and creating new growth points through innovative digital content[25]. - The company has developed a comprehensive smart conference solution that enhances meeting efficiency and interconnectivity across multiple meeting rooms through its IoT management platform[29]. - The company is focusing on the development of Mini LED and Micro LED technologies to enhance its competitive edge in the rapidly evolving display technology market[92]. Financial Management and Investments - The company plans to invest 200 million RMB in acquisitions to strengthen its position in the LED market over the next two years[2]. - No cash dividends will be distributed for the current fiscal year, as the company aims to reinvest profits into growth initiatives[2]. - The company has received multiple awards for its technological innovation and product quality, including the National Science and Technology Progress Award[48]. - The company has a total of 3,115 authorized patents and 427 copyright registrations, with 187 new patents granted in the first half of 2024, including 47 invention patents[57]. - The company has established a global marketing network covering over 160 countries and partnered with more than 5,600 distributors[48]. Operational Efficiency and Cost Control - The gross profit margin improved to 35%, up from 32% in the previous year, due to cost optimization strategies[2]. - The company's Q2 2024 sales and management expense ratio decreased by 3.46 percentage points quarter-on-quarter and 3.34 percentage points year-on-year, reflecting improved cost control measures[45]. - The company implemented lean manufacturing practices, achieving cost reductions of nearly 20 million yuan through efficiency monitoring[45]. - The company achieved a solid product yield rate of over 98% for its COB products, with a solid crystal efficiency improvement of over 50% compared to previous methods[24]. Corporate Social Responsibility and Sustainability - The company has been recognized as a "Green Factory" and included in the Ministry of Industry and Information Technology's list of green manufacturing enterprises[109]. - The company has developed a range of energy-saving products, including the Umini W and Uslim S2 series, which are designed to enhance energy efficiency and reduce environmental impact[109]. - The company is committed to corporate social responsibility, actively engaging in charitable projects that support education and rural revitalization[112]. - The company donated a total of 2.2552 million yuan in cash and materials in the first half of 2024, supporting various community projects and initiatives[125]. Risk Management and Compliance - The company has not experienced significant changes in the feasibility of its projects[76]. - The company has not engaged in any competitive business activities that would conflict with its operations, maintaining a commitment to avoid related party competition[130]. - The company has committed to bear any economic losses incurred by its subsidiaries due to legal defects in property leases[130]. - The company has established a long-term commitment to comply with all regulatory requirements and maintain transparency in its financial reporting[132]. Future Outlook - The company plans to expand its market presence and invest in new product development to drive future growth[194]. - The overall financial health of the company remains stable despite the challenges faced in the current market environment[194]. - Future outlook indicates a focus on market expansion and potential mergers and acquisitions to enhance growth[197].

证券代码：300232 证券简称：洲明科技 公告编号：2024-077 深圳市洲明科技股份有限公司 第五届监事会第十三次会议决议公告 本公司及监事会全体成员保证信息披露内容真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏。 一、监事会会议召开情况 深圳市洲明科技股份有限公司（以下简称"公司"）第五届监事会第十三次会 议于2024年8月22日下午15:00在公司会议室召开。召开本次会议的通知已于2024 年8月12日以电子邮件及短信的方式通知各位监事。会议由监事会主席黄镇茂先 生召集和主持，会议应出席监事3名，实际出席监事3名，本次会议以现场结合通 讯表决方式审议相关议案，会议的召开符合有关法律、行政法规、部门规章、规 范性文件和公司章程的规定。 二、监事会会议审议情况 1、审议并通过了《关于<公司2024年半年度报告及其摘要>的议案》 经审核，监事会认为：公司2024年半年度报告的编制和审议程序符合法律、 行政法规等规定，报告内容真实、准确、完整地反映了公司2024年半年度实际经 营情况，不存在任何虚假记载、误导性陈述或者重大遗漏。 具体内容详见公司同日披露于中国证监会指定创业板信息披露网站巨潮资 讯 ...

深圳市洲明科技股份有限公司 | | 深圳市海泰装备有限 | 上市公司之子公 | 应收股利 | 536.43 | | | | 536.43 | 股利分 | 非经营性往 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 公司 | ロ | | | | | | | 红 | 来 | | | 中山市洲明科技有限 | 上市公司之子公 | 应收股利 | 505.42 | | | 505.42 | | 股利分 | 非经营性往 | | | 公司 | ロ | | | | | | | 红 | 来 | | | 广东洲明节能科技有 | 上市公司之子公 | 应收股利 | | 8,107.24 | | 8,107.24 | | 股利分 | 非经营性往 | | | 限公司 | 리 | | | | | | | 红 | 来 | | | 山东清华康利城市照 明研究设计院有限公 | 上市公司之子公 | 其他应收款 | 31,138.22 | | 484.48 | 1,500.00 | 30,122.70 | 往来款 | 非经营性往 | | | 리 | ロ ...

证券代码：300232 证券简称：洲明科技 公告编号：2024-081 深圳市洲明科技股份有限公司 关于续聘公司2024年度会计师事务所的公告 本公司及董事会全体成员保证信息披露内容真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏。 特别提示： 深圳市洲明科技股份有限公司聘任会计师事务所符合财政部、国务院国资委、 证监会印发的《国有企业、上市公司选聘会计师事务所管理办法》（财会〔2023〕 4号）的规定。 深圳市洲明科技股份有限公司（以下简称"公司"）于2024年8月22日召开第 五届董事会第十七次会议、第五届监事会第十三次会议，审议通过了《关于续聘 公司2024年度会计师事务所的议案》，同意续聘天健会计师事务所（特殊普通合 伙）为公司2024年度审计机构，并提交公司2024年第三次临时股东大会审议。现 将相关事项公告如下： 一、拟聘任会计师事务所事项的情况说明 天健会计师事务所（特殊普通合伙）具有从事证券业务相关审计资格，具备 为上市公司提供审计服务的经验与能力，在担任公司审计机构期间，严格遵循《中 国注册会计师独立审计准则》等相关法律、法规和政策的要求，能够勤勉尽责、 客观、公正的发表独立审计意见 ...

证券代码：300232 证券简称：洲明科技 公告编号：2024-078 深圳市洲明科技股份有限公司 截至2024年6月5日，公司累计通过股票回购专用证券账户以集中竞价交易方 式回购公司股份4,691,616股，成交均价为5.33元/股，成交总金额为25,001,254.64 元（不含交易费用）。至此，公司本次回购方案已实施完毕。 2024年6月14日，公司在中国证券登记结算有限责任公司深圳分公司办理完 毕本次回购股份注销事宜，公司本次注销的回购股份数量为4,691,616股。本次回 购股份注销完成后，公司总股本由1,094,089,477股变更为1,089,397,861股，注册 资本由1,094,089,477元变更为1,089,397,861元，具体内容详见公司2024年6月17 日披露于中国证监会指定创业板信息披露网站巨潮资讯网（www.cninfo.com.cn） 的相关公告。 二、关于修改《公司章程》的情况 1 关于变更公司注册资本及修订《公司章程》 并办理工商变更登记的公告 本公司及董事会全体成员保证信息披露内容真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏。 深圳市洲明科技股份有限公司 ...

证券代码：300232 证券简称：洲明科技 公告编号：2024-069 深圳市洲明科技股份有限公司 关于海外上市控股子公司Trans-Lux Corporation 发布2024年半年度报告的公告 本公司及董事会全体成员保证信息披露内容真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏。 深圳市洲明科技股份有限公司的控股子公司 Trans-Lux Corporation 于近日公 布了 2024 年半年度报告。 2024 年半年度 Trans-Lux Corporation 主要的财务数据列示如下： | 项目 | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业总收入（千美元） | 6,087 | 7,335 | -17.01% | | 净利润（千美元） | -2,127 | -1,733 | -22.74% | | 经营活动产生的现金流 量净额（千美元） | -7 | 598 | -101.17% | | 基本每股收益（美元/ 股） | -0.16 | -0.13 | -23.08% | | 项目 | 本报告期末 | 上年度末 | 本 ...

证券代码：300232 证券简称：洲明科技 公告编号：2024-079 深圳市洲明科技股份有限公司 关于召开 2024 年第三次临时股东大会的通知 本公司及董事会全体成员保证信息披露内容真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏。 深圳市洲明科技股份有限公司（以下简称"公司"）第五届董事会第十七次 会议审议通过了《关于召开 2024 年第三次临时股东大会的议案》，决定于 2024 年 9 月 11 日（星期三）下午 15：00 召开 2024 年第三次临时股东大会，现将有 关事项通知如下： 一、召开本次会议的基本情况 1、股东大会届次：2024 年第三次临时股东大会 2、会议召集人：公司董事会 3、会议召开的合法、合规性：经公司第五届董事会第十七次会议审议通过， 公司决定召开 2024 年第三次临时股东大会，召集程序符合有关法律、行政法规、 部门规章、规范性文件和《公司章程》的规定。 4、会议召开的日期、时间： （1）现场会议时间：2024 年 9 月 11 日（星期三）下午 15:00。 （2）网络投票时间：2024 年 9 月 11 日。 其中：通过深圳证券交易所交易系统进行网络投票的具体时 ...