证券代码：300308 证券简称：中际旭创 公告编号：2024-082 中际旭创股份有限公司 关于使用部分闲置募集资金进行现金管理的进展公告 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。 中际旭创股份有限公司（以下简称"公司"或"中际旭创"）于 2024 年 4 月 18 日召开的第五届董事会第七次会议、第五届监事会第七次会议分别审议并通过了《关 于继续使用闲置募集资金进行现金管理的议案》，为提高暂时闲置募集资金的使用效 率，增加资金收益，在保证募集资金投资项目建设和募集资金正常使用的情况下， 公司及子公司苏州旭创科技有限公司、孙公司铜陵旭创科技有限公司和苏州旭创光 电产业园发展有限公司合计拟使用不超过人民币 70,000 万元的暂时闲置募集资金进 行现金管理，在额度范围内，资金可循环滚动使用；使用期限自股东大会审议通过 之日起十二个月内有效，单个投资产品的投资期限不超过十二个月；具体内容详见 公司在中国证监会指定创业板上市公司信息披露网站巨潮资讯网披露的《中际旭创 股份有限公司关于继续使用闲置募集资金进行现金管理的公告》（公告编号： 2024-033），该 ...

证券代码：300308 证券简称：中际旭创 公告编号：2024-081 中际旭创股份有限公司（以下简称"公司"或"中际旭创"）于 2024 年 4 月 18 日召开的第五届董事会第七次会议、第五届监事会第七次会议分别审议并通过了《关 于继续使用闲置募集资金进行现金管理的议案》，为提高暂时闲置募集资金的使用效 率，增加资金收益，在保证募集资金投资项目建设和募集资金正常使用的情况下， 公司及子公司苏州旭创科技有限公司、孙公司铜陵旭创科技有限公司和苏州旭创光 电产业园发展有限公司合计拟使用不超过人民币 70,000 万元的暂时闲置募集资金进 行现金管理，在额度范围内，资金可循环滚动使用；使用期限自股东大会审议通过 之日起十二个月内有效，单个投资产品的投资期限不超过十二个月；具体内容详见 公司在中国证监会指定创业板上市公司信息披露网站巨潮资讯网披露的《中际旭创 股份有限公司关于继续使用闲置募集资金进行现金管理的公告》（公告编号： 2024-033），该事项已经公司 2023 年度股东大会审议通过。 近期，公司及全资孙公司铜陵旭创使用部分闲置募集资金进行现金管理，现将 有关情况公告如下： | 序 | 受托方 | 产品 ...

Company Overview - The company operates in the communications industry with a current stock price of 121.99 as of September 25, 2024 [1] - The stock has a 12-month high/low of 159.68/60.95 and a total issued shares of 1,121.17 million [1] - The company's A-share market capitalization is 136.11 billion RMB with a price-to-book ratio of 8.45 [1] - Major shareholder is Shandong Zhongji Investment Holding Co Ltd with an 11.32% stake [1] - The stock has shown significant price movements: +6.7% (1 month), -14.7% (3 months), and +74.8% (1 year) [1] Investment Rating and Target Price - Current investment rating: Buy [3] - Target price: 155 RMB [1] - Historical ratings: Buy (103.82 on 2024-01-29), Trading Buy (154.20 on 2023-07-13), Buy (107.30 on 2023-05-31) [2] Core Business and Market Position - Global leader in high-speed optical modules with a complete product matrix [3] - Dominant position in 800G optical modules with plans for 1.6T module mass production in Q4 2024 [3] - Ranked first globally in LightCounting's 2023 optical module manufacturer ranking [4] - Product mix: 95% optical communication transceiver modules, 1.88% optical components, 3.12% automotive optoelectronics [2] Financial Performance - H1 2024 revenue: 10.80 billion RMB (+170% YoY) [3] - H1 2024 net profit: 2.36 billion RMB (+284.26% YoY) [3] - Q2 2024 net profit: 1.35 billion RMB (+271% YoY) [3] - Automotive optoelectronics revenue: 279 million RMB [3] Future Outlook and Projections - Expected net profit for 2024-2026: 5.39/6.92/8.74 billion RMB (+148.1%/+28.4%/+26.3% YoY) [4] - Projected EPS for 2024-2026: 4.81/6.17/7.80 RMB [4] - Current P/E ratios: 25x (2024), 20x (2025), 16x (2026) [4] - Revenue projections: 25.71/34.68/45.07 billion RMB for 2024-2026 [7] Technological Advancements - 1.6T optical modules in testing phase, expected small batch shipments in Q4 2024 [4] - Significant progress in silicon photonics technology with 1.6T silicon photonics solutions and self-developed silicon photonics chips [4] - Expanded VCSEL supplier base and pre-planned EML chip procurement to ensure supply chain stability [4] Institutional Ownership - Fund ownership: 4.6% of circulating A-shares [2] - General corporate ownership: 48.2% of circulating A-shares [2]

Investment Rating - The report maintains a "Buy-A" rating for the company, indicating a positive outlook for its stock performance in the coming months [1][7]. Core Insights - The company has shown significant revenue growth, with a 169.7% year-on-year increase in revenue for the first half of 2024, reaching 10.8 billion yuan, and a 284.3% increase in net profit, amounting to 2.36 billion yuan [2][3]. - The company's gross margin improved to 33.49% in Q2 2024, driven by an increase in the proportion of high-speed products and contributions from overseas AI clients [1][4]. - The company is positioned as a leading supplier of high-speed optical modules, benefiting from the growing demand in the AI infrastructure market, particularly in North America [3][7]. Financial Performance - In the first half of 2024, the company achieved a net profit margin of 22.3%, with total expenses as a percentage of revenue at 8.5%, reflecting effective cost management [1][6]. - The company’s revenue and net profit projections for 2024-2026 are optimistic, with expected net profits of 5.32 billion yuan in 2024, 9.63 billion yuan in 2025, and 11.31 billion yuan in 2026 [7][5]. - The company’s asset turnover ratio improved, indicating enhanced capacity utilization and product value [6]. Market Position and Growth Drivers - The company is recognized as a top global supplier of optical modules, particularly in the 400G and 800G segments, with significant market share in AI-related infrastructure investments [3][7]. - The AI market for optical modules is projected to exceed 4 billion USD in 2024, with continued growth expected through 2029, positioning the company to capitalize on this trend [3][5]. - The company’s subsidiaries, including Junge Electronics and Chuhan Technology, have also reported strong revenue growth, contributing positively to the overall performance [1][2].

公司近一年市场表现 市场数据：2024 年 9 月 9 日 北美云厂商 AI Capex 高增长，上半年公司作为高速光模块主要供应商 重点受益。在 AI 基础设施投资的拉动下，上半年北美亚马逊、谷歌、META、 微软四家科技巨头 capex 897.5 亿美元，同比+44.1%。GPU 龙头英伟达上半 年实现营收 560.8 亿美元，同比+171.0%，下游资本开支增加叠加 AI 占比提 升，AI 基础设施市场快速爆发。在 GPU 集群从万卡到十万卡、英伟达持续 推出新款网卡、交换机升级网络端口的背景下，光模块与 GPU 的配置比例 持续增加，800G 以上高速光模块市场爆发更为猛烈。根据 LightCounting 7 月最新报告，2024 全球用于 AI 集群的光模块市场将超过 40 亿美元，同比翻 倍以上，2025 年则有望超过 70 亿美元，2029 年达到 120 亿美元。AI 市场 2023-2026 将持续处于高增长阶段，其后斜率趋缓但继续增长。公司作为全 球 AI 高速光模块主要供应商，把握市场先机率先出货 800G IB 多模&单模、 800G ROCE 配套光模块等，受益于 AI 市场爆发 ...

Investment Rating - The report maintains a "Recommend" rating for the company, reflecting its strong growth potential and leading position in the global optical module market [1][13][15] Core Views - The company achieved significant revenue and profit growth in H1 2024, with revenue reaching 10.799 billion yuan (+169.70% YoY) and net profit of 2.358 billion yuan (+284.26% YoY) [1][13] - Overseas market share continues to expand, driving profitability improvement with H1 2024 gross margin reaching 33.13% (+2.74pct YoY) [1][13] - AI-driven high-speed products are accelerating, with the global optical module market expected to grow 27% in 2024 and reach $22.4 billion by 2029 [1][13] - The company's R&D investment reached 527 million yuan in H1 2024, up 62.24% YoY, with successful market introduction of 800G EML, LPO, and silicon photonics solutions [1][13] Financial Performance - Q2 2024 revenue reached 5.956 billion yuan (+174.88% YoY, +22.99% QoQ), with net profit of 1.349 billion yuan (+270.82% YoY, +33.68% QoQ) [1][13] - The company is forecasted to achieve revenue of 25.599/37.616/45.898 billion yuan in 2024/2025/2026, with YoY growth of 138.85%/46.94%/22.02% [1][13] - EPS is projected to be 4.74/7.50/9.00 yuan for 2024/2025/2026, with corresponding P/E ratios of 20.97/13.26/11.04x [1][13] Industry Outlook - The 400G+ high-speed market is expected to grow at a CAGR of over 28%, reaching $12.5 billion by 2029 [1][13] - Major cloud providers (Microsoft, Meta, Google, Amazon) increased combined Capex by 66% YoY and 22% QoQ in Q2 2024, focusing on GPU and AI server investments [1][13] Technological Advancements - The company's 800G products have received certifications from multiple data center customers [1][13] - 1.6T silicon photonics modules are in the customer sampling and testing phase, with potential mass production by year-end [1][13]

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。 证券代码：300308 证券简称：中际旭创 公告编号：2024-079 中际旭创股份有限公司 关于签订部分募集资金三方监管协议的公告 一、募集资金基本情况 根据中国证券监督管理委员会出具的《关于同意中际旭创股份有限公司向特定对 象发行股票注册的批复》（证监许可〔2021〕2719 号），中际旭创股份有限公司（以 下简称"公司"或"中际旭创"）向 15 名特定对象发行人民币普通股（A 股）87,080,000 股，发行价格为 31.00 元/股，募集资金总额为人民币 2,699,480,000 元，扣除发行费用 34,362,241.68 元后，募集资金净额为人民币 2,665,117,758.32 元，其中计入股本人民 币 87,080,000.00 元，计入资本公积人民币 2,578,037,758.32 元。 上述募集资金均已全部到位，普华永道中天会计师事务所（特殊普通合伙）对募 集资金进行了审验并于 2021 年 10 月 19 日出具了普华永道中天验字（2021）第[1009] 号《中际旭创股份有限公司 ...

北京中银（苏州）律师事务所 关于中际旭创股份有限公司 2024 年第二次临时股东大会 之 法律意见书 www.zhongyinlawyer.com 苏州•工业园区•月亮湾路 10 号•慧湖大厦 B 座 1902 室（215123） Room1902,North Wisdom Center,No.10 Moon Bay Rd,Suzhou Industrial Park, Jiangsu Province China Tel:(86512)62766638 Fax:(86512)62766665 二〇二四年九月 | 一、本次股东大会的召集和召开程序 3 | | --- | | 二、本次股东大会的召集人资格及出席本次股东大会人员资格 4 | | 三、本次股东大会的审议事项 5 | | 四、本次股东大会的表决方式、表决程序及表决结果 5 | | 五、结论意见 7 | 北京中银（苏州）律师事务所 之法律意见书 致：中际旭创股份有限公司 北京中银（苏州）律师事务所（以下简称"本所"）接受中际旭创股份有限 公司（以下简称"公司"或"中际旭创"）的委托，指派本所律师列席中际旭创 2024年第二次临时股东大会（以下简称"本次 ...

证券代码：300308 证券简称：中际旭创 公告编号：2024-077 中际旭创股份有限公司 第五届董事会第十二次会议决议公告 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。 中际旭创股份有限公司(以下简称"公司"或"中际旭创") 第五届董事会第十 二次会议（以下简称"本次会议"）通知于 2024 年 9 月 1 日以传真、电子邮件等方 式发出，并于 2024 年 9 月 6 日下午 16:00 以现场及通讯方式召开，会议由董事长刘圣 先生主持，会议应参加董事 7 人，实际参加董事 7 人，公司监事及相关人员列席了会 议。会议的召开及表决程序符合《公司法》等法律、行政法规、部门规章、规范性文 件及《公司章程》的有关规定，会议合法有效。会议审议并通过了以下议案： 1、中际旭创第五届董事会第十二次会议决议。 特此公告 中际旭创股份有限公司董事会 2024 年 09 月 07 日 一、审议通过了《关于设立募集资金存储专户及签订三方监管协议的议案》 经公司 2024 年第二次临时股东大会审议通过，公司将 2021 年向特定对象发行 A 股股票原募投项目"苏州旭创高端光 ...