Core Viewpoint - The radio frequency power amplifier market is experiencing unprecedented growth driven by advancements in wireless communication technologies such as 5G, IoT, and autonomous driving, with a projected market size of $6.254 billion in 2024 and expected to reach $9.976 billion by 2031, reflecting a compound annual growth rate (CAGR) of 6.90% [1][13]. Industry Overview - Radio frequency power amplifiers are essential electronic devices that amplify input RF signals to higher power levels, crucial for wireless communication, radar, and satellite communication [3]. - The operational principle involves key steps: signal input and matching, signal amplification, and output matching and load driving [3]. Market Dynamics - The market is segmented into linear power amplifiers and switch-type power amplifiers, with linear amplifiers having high frequency but narrow bandwidth, while switch-type amplifiers offer high efficiency and output power but lower linearity [5]. - The demand for RF power amplifiers is significantly driven by the increasing number of 5G base stations, with an expected construction of 4.251 million base stations in China by 2024, an increase of 874,000 from the previous year [11]. Industry Chain - The RF power amplifier industry chain includes upstream suppliers of EDA software, substrate materials, and packaging materials, midstream manufacturers of RF power amplifiers, and downstream manufacturers or operators in mobile terminals, communication base stations, IoT devices, and military radar [7]. Substrate Materials - Common substrates for RF power amplifiers include Si, GaAs, and GaN, with GaAs being the mainstream substrate due to its superior performance in mobile terminals and micro base stations [9]. - The global GaAs substrate market was approximately $200 million in 2019 and is projected to reach $348 million by 2025, with a CAGR of 9.67% [9]. Competitive Landscape - The RF power amplifier market is primarily dominated by American companies such as Skyworks, Qorvo, and Broadcom, while domestic companies in China are gaining competitive advantages through better understanding of local markets and cost control [15]. - Key domestic players include Weijie Chuangxin, Shenzhen Feixiang Technology, Guangzhou Huizhiwei Electronics, and Jiangsu Zhuosheng Microelectronics [15][16]. Company Performance - Weijie Chuangxin reported a revenue of 854 million yuan for its RF power amplifier modules in the first half of 2024, a year-on-year increase of 7.14% [16]. - Guangzhou Huizhiwei Electronics achieved a revenue of 384 million yuan in the first three quarters of 2024, a year-on-year decrease of 3.59%, with a net loss of 298 million yuan [18]. Future Trends - The industry is expected to pursue higher power density, efficiency, and linearity to meet the demands of complex communication environments, with a trend towards miniaturization and integration of RF power amplifiers [20]. - The integration of artificial intelligence technologies is anticipated to enable smart and adaptive RF power amplifiers that optimize power output, gain, and linearity in real-time [20].

根据《公司法》《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》和《公司章程》等相关规定，俞信华先生的辞职将导致公司监事会成员低 于法定最低人数，其辞职申请将在公司股东会选举产生新任监事后方可生效。在此之前， 俞信华先生将按法律、法规等相关规定继续履行职责。公司监事会将按照法定程序完成 补选监事及选举监事会主席的工作。截至本公告披露日，俞信华先生未持有公司股份， 不存在应当履行而未履行的承诺事项。 公司监事会对俞信华先生任职期间为公司做出的贡献表示衷心感谢！ 特此公告。 证券代码：300323 证券简称：华灿光电 公告编号：2025-028 京东方华灿光电股份有限公司 关于监事会主席辞职的公告 本公司及监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。 京东方华灿光电股份有限公司（以下简称"公司"）监事会于近日收到监事会主席 俞信华先生的书面辞职申请，俞信华先生因个人原因申请辞去公司第六届监事会监事 及监事会主席职务（原定任期至第六届监事会届满即 2026 年 8 月 30 日），辞职后将 不再担任公司任何职务。 京东方华灿光电股份有限公司监事会 ...

证券代码：300323 证券简称：华灿光电 公告编号：2025-026 京东方华灿光电股份有限公司 第六届监事会第十二次会议决议公告 本公司及监事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 一、监事会会议召开情况 1、京东方华灿光电股份有限公司（以下简称"公司"）第六届监事会第十二次会议通 知于 2025 年 4 月 17 日以电话、邮件方式向全体监事送达。 2、本次监事会于 2025 年 4 月 24 日在公司会议室以现场会议方式召开，会议由监 事会主席俞信华先生主持。 3、本次监事会会议应到监事 3 名，实到监事 3 名。 4、本次监事会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》的相关规定。 二、监事会会议审议情况 1、审议通过《关于公司<2025 年第一季度报告>的议案》 经审核，监事会认为：董事会编制和审核的《2025 年第一季度报告》的程序符合 法律、法规、中国证券监督管理委员会和深圳证券交易所的规定，报告内容真实、准确、 完整的反映了公司 2025 年第一季度经营的实际情况，不存在任何虚假记载、误导性陈 述或重大遗漏。 表决结果 ...

一、主要会计数据和财务指标 | 报告期指标 | 2025年一季报 | 2024年一季报 | 本年比上年增减(%) | 2023年一季报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | -0.0600 | -0.0700 | 14.29 | -0.1000 | | 每股净资产（元） | 4.22 | 4.59 | -8.06 | 4.97 | | 每股公积金(元) | 4.25 | 4.24 | 0.24 | 4.15 | | 每股未分配利润(元) | -1.07 | -0.70 | -52.86 | -0.24 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 10.59 | 8.29 | 27.74 | 3.99 | | 净利润(亿元) | -0.98 | -1.07 | 8.41 | -1.24 | | 净资产收益率(%) | -1.42 | -1.44 | 1.39 | -1.99 | 数据四舍五入，查看更多财务数据>> 二、前10名无限售条件股东持股情况 前十大流通股东累计持有： 27817.41万股，累计占流通 ...

证券代码：300323 证券简称：华灿光电 公告编号：2025-025 京东方华灿光电股份有限公司 第六届董事会第十四次会议决议公告 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。 一、董事会会议召开情况 1. 京东方华灿光电股份有限公司（以下简称"公司"）第六届董事会第十四次会 议通知于 2025 年 4 月 17 日以电话、邮件方式向全体董事送达。 2. 本次董事会于 2025 年 4 月 24 日在公司会议室以现场会议方式召开，会议由董 事长张兆洪先生主持。 3. 本次董事会会议应到董事9名，实到董事9名。监事会成员及部分高管列席了本 次会议。 1. 审议通过《关于公司<2025 年第一季度报告>的议案》 经审议，董事会认为：公司编制《2025 年第一季度报告》的程序符合法律、行政 法规和中国证券监督管理委员会的规定，报告内容公允地反映了公司 2025 年第一季度 的经营状况和经营成果，报告所披露的信息真实、准确、完整，不存在虚假记载、误导 性陈述或重大遗漏。 本议案已经公司董事会审计委员会 2025 年第二次会议全票审议通过。 表决结果：赞成 9 票， ...

Revenue and Profitability - The company's revenue for Q1 2025 was ¥1,059,046,920.26, representing a 27.82% increase compared to ¥828,575,837.99 in the same period last year[5] - The net loss attributable to shareholders was ¥97,638,300.34, a 9.13% improvement from a loss of ¥107,449,827.35 in the previous year[5] - The company's basic and diluted earnings per share improved to -¥0.06 from -¥0.07, reflecting a 14.29% increase[5] - The net profit for the current period is -97,638,300.34, an improvement from -107,449,827.35 in the previous period[20] Cash Flow and Liquidity - The net cash flow from operating activities was -¥261,688,955.54, which is a 13.04% decline compared to -¥231,507,327.65 in the same period last year[5] - The net cash flow from financing activities was ¥693,259,883.01, a significant increase of 102.54% compared to ¥342,289,414.43 in the previous year[10] - Operating cash inflow for the current period reached approximately $1.00 billion, a significant increase from $649.68 million in the previous period, representing a growth of about 54%[22] - The net cash flow from operating activities was negative at approximately -$261.69 million, compared to -$231.51 million in the prior period, indicating a worsening cash flow situation[22] - The ending cash and cash equivalents balance was approximately $781.71 million, down from $1.00 billion in the previous period, indicating a decrease of about 22%[23] Assets and Liabilities - Total assets increased by 1.83% to ¥12,889,527,919.80 from ¥12,657,665,726.62 at the end of the previous year[5] - The total liabilities have increased to 6,037,245,669.16 from 5,725,031,017.77 in the previous period[19] - The owner's equity attributable to the parent company is 6,852,282,250.64, down from 6,932,634,708.85 in the previous period[19] - The company has reported a decrease in deferred income tax assets from 536,412,454.09 to 510,120,889.59, which may impact future tax liabilities[19] Expenses and Investments - The company reported a 65.12% increase in selling expenses, totaling ¥11,460,368.41, primarily due to higher sales personnel compensation[9] - The company experienced a 164.59% increase in asset impairment losses, amounting to -¥45,154,739.39, indicating increased provisions for asset impairment[9] - Research and development expenses for the current period are 49,745,796.53, compared to 45,572,941.24 in the previous period, showing an increase in investment in innovation[19] - The company’s long-term equity investments rose by 90.00% to ¥39,814,622.55, attributed to increased capital contributions to joint ventures[8] Shareholder Information - The total number of common shareholders at the end of the reporting period is 52,058[12] - The top 10 shareholders hold a combined 78.68% of the shares, with the largest shareholder, BOE Technology Group, owning 22.92%[12] - The company has a significant shareholder, NSL, which has delegated voting rights for 56.82 million shares to BOE Technology, indicating a strategic partnership[13] - The company has implemented a strategy to manage its shareholding structure, with several shareholders participating in margin trading[13] Government Subsidies and Other Income - The company recorded a total of ¥19,270,348.05 in government subsidies, which are closely related to its normal business operations[6] Inventory and Receivables - Accounts receivable decreased slightly to ¥980.72 million from ¥1.01 billion, indicating a reduction of approximately 8.96%[17] - Inventory increased significantly to ¥1.28 billion from ¥1.11 billion, reflecting a growth of about 14.87%[17] Capital Changes and Business Operations - The company completed the registration capital change and obtained a new business license during the reporting period[15] - The total current assets at the end of the period are approximately ¥3.80 billion, showing a marginal increase from ¥3.80 billion at the beginning of the period[17] Cash Flow from Investment and Financing Activities - Cash inflow from investment activities decreased to approximately $101.14 million, down from $402.59 million, reflecting a decline of about 75%[22] - The net cash flow from investment activities was negative at approximately -$248.46 million, an improvement from -$430.48 million in the previous period[22] - Cash inflow from financing activities increased to approximately $1.33 billion, compared to $1.08 billion in the prior period, marking an increase of about 24%[23] - The cash received from other financing activities was approximately $299.74 million, compared to $166.60 million in the prior period, representing an increase of about 80%[23] - The impact of exchange rate changes on cash and cash equivalents was positive at approximately $605.50 thousand, contrasting with a negative impact of -$1.47 million in the previous period[23]

华灿光电（300323）公告，2025年第一季度营收为10.59亿元，同比增长27.82%；净亏损9763.83万元， 去年同期净亏损1.07亿元。 ...

国浩律师（上海）事务所 法律意见书 国浩律师（上海）事务所 Grandall Law Firm (Shanghai) 中国 上海 北京西路 968 号嘉地中心 23-25、27 楼，200041 23-25th and 27th Floor, Garden Square, No. 968 West Beijing Road, Shanghai 200041, China 电话/TEL: (8621) 5234-1668 传真/FAX: (8621) 5234-1670 关于京东方华灿光电股份有限公司 本法律意见书仅供本次股东会见证之目的使用，不得用作其他任何目的。 2024年年度股东会的法律意见书 本所律师同意将本法律意见书随公司本次股东会决议一起公告，并依法对本 法律意见书承担相应的责任。 致：京东方华灿光电股份有限公司 本所律师根据相关法律、法规和规范性文件的要求，按照律师行业公认的业 务标准、道德规范和勤勉尽责精神，出具法律意见如下： 国浩律师（上海）事务所（以下简称"本所"）接受京东方华灿光电股份有 限公司（以下简称"公司"）委托，指派本所律师出席公司 2024 年年度股东会 （以下简称"本次股东会" ...

Financial Performance - The company has experienced three consecutive years of losses, primarily due to negative gross margins, while a competitor, Qianzhao Optoelectronics, reported a gross margin of 16.67% [2] - The overall gross margin improved by 6.89% compared to the previous year, attributed to enhanced factory utilization and cost reduction measures [2] - In 2024, the company anticipates a significant increase in revenue, but the gross margin remains negative, with a 20%-30% decline in product prices in Q4 due to a weak market [3] Strategic Initiatives - The company aims to improve gross margins by optimizing product structure, reducing costs, and enhancing production efficiency [4] - There is a focus on expanding into high-margin markets, particularly in Mini backlighting and automotive applications [4] - Investment in cutting-edge technologies such as Micro LED and AR/VR is being increased to support future growth [4] Market Outlook - The LED market is expected to see stable growth, with emerging markets outside of Europe and the US showing significant demand [3] - The penetration rate of Mini technology in backlighting and display applications is projected to increase substantially starting in 2024 [3] - Micro LED technology is anticipated to become a new growth point for the LED industry as it matures [3] Collaboration and Management - Since becoming a subsidiary of BOE, the company has adopted BOE's management system to enhance internal management and operational efficiency [5] - The company is actively exploring synergies with BOE and assessing the potential for future mergers with BOE's subsidiaries [5]