证券代码：300323 证券简称：华灿光电 公告编号：2025-061 京东方华灿光电股份有限公司 关于完成工商变更登记及公司章程备案的公告 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、基本情况 京东方华灿光电股份有限公司（以下简称"公司"）于 2025 年 7 月 23 日召开第 六届董事会第十五次会议，审议通过《关于聘任公司高级管理人员的议案》，于 2025 年 9 月 17 日召开工会第四届第二次职工代表大会选举职工代表董事，完成了公司高级 管理人员及职工代表董事的聘任/选举事项；于 2025 年 8 月 22 日召开第六届董事会第 十六次会议、于 2025 年 9 月 18 日召开 2025 年第一次临时股东会，审议通过《关于 修订公司章程及相关议事规则的议案》，根据《上市公司章程指引》《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》等法律法规、规范性文件，并结合实际情况，对《公司章程》部分条 款进行了修订，并授权公司管理层进行后续工商变更、备案登记等相关事宜。上述具体 内容详见 ...

证券代码：300323 证券简称：华灿光电 公告编号：2025-060 京东方华灿光电股份有限公司 关于公司为全资子公司提供担保的公告 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、 担保情况概述 京东方华灿光电股份有限公司（以下简称"公司"）于 2025 年 3 月 25 日召开第六届董事 会第十三次会议、第六届监事会第十一次会议，于 2025 年 4 月 17 日召开 2024 年年度股东 会，审议通过《关于 2025 年度公司及子公司向相关银行申请综合授信额度及为子公司提供担 保的议案》，同意公司 2025 年度为合并报表范围内子公司申请的银行综合授信额度提供相应 担保，担保总额度不超过人民币 25 亿元（本次审议为新增担保，不包含存量担保或续保）； 其中公司为全资子公司京东方华灿光电（浙江）有限公司（以下简称"浙江华灿"）向银行申 请综合授信提供担保，担保额度分别不超过人民币 14 亿元，综合授信范围包括但不限于流动 资金贷款、项目贷款、信用证、银行承兑汇票、银行保函、应收账款贸易融资、超短融票据等 综合授信业务（具体业务品种以实质审批为准）。担 ...

Core Insights - Micro-LED technology is rapidly advancing and is seen as the next generation of micro-display technology, particularly suitable for smart glasses, smartwatches, and automotive displays [1][2] - The market for Micro-LED is expected to grow significantly, with projections estimating a market size of $461 million by 2029 [2] - Companies are increasingly focusing on Micro-LED technology, with several key players making strategic investments and advancements in production capabilities [3][4] Group 1: Market Trends - The application boundaries of Micro-LED technology are expanding quickly, driven by continuous technological breakthroughs, increased production capacity, and reduced costs [1] - Smart glasses are identified as the primary battlefield for Micro-LED technology, with notable products like the X3 Pro glasses featuring peak brightness of 6000 nits and a 95% reduction in rainbow artifacts [1] - The automotive sector is also benefiting from Micro-LED technology, with adaptive headlights offering high resolution and pixel-level light control, enhancing nighttime driving safety [2] Group 2: Company Developments - BOE Technology Group's Micro-LED wafer manufacturing and packaging testing base in Zhuhai is set to achieve mass production by March 2025, contributing to the industrialization of Micro-LED [3] - Tianma Microelectronics has successfully lit its Micro-LED production line in 2024 and is expected to deliver standardized display modules in 2025, marking a significant advancement in its Micro-LED capabilities [3] - Companies are focusing on high-value products and are committed to deepening their Micro-LED technology research and development to seize future display technology opportunities [3][4]

Core Insights - Micro-LED technology is recognized as the "next generation micro-display technology" due to its high brightness, efficiency, and longevity, making it suitable for smart glasses, smartwatches, and automotive displays [1] - The commercialization of Micro-LED is accelerating as key technological breakthroughs, capacity enhancements, and cost reductions are being achieved [1] Industry Trends - The application boundaries of Micro-LED technology are rapidly expanding, with significant breakthroughs in various fields this year, indicating a move towards a "harvest moment" for the technology [1] - In the automotive display sector, Micro-LED technology is overcoming challenges such as color deviation at high temperatures, with adaptive headlights showcasing high resolution and improved safety for night driving [1] Product Developments - Smart glasses are the primary battlefield for Micro-LED applications, with notable products like the X3Pro glasses from Thunderbird Innovation featuring a peak brightness of 6000 nits and a 95% reduction in rainbow artifacts [2] - Garmin has also launched a smartwatch equipped with a Micro-LED display, contributing to the anticipated growth of the Micro-LED chip market, projected to reach $461 million by 2029 [2] Company Initiatives - Companies like BOE Technology Group and Tianma Microelectronics are making strategic advancements in Micro-LED technology, with BOE's manufacturing and testing base set to achieve mass production by March 2025 [3] - Thunderbird Innovation has successfully combined Micro-LED's high brightness and low power consumption with optical waveguide technology to produce full-color Micro-LED waveguide AR glasses [4] - Industry experts emphasize the need for companies to enhance R&D efforts and strengthen supply chain integration to maintain competitive advantages in the Micro-LED sector [4]

Core Viewpoint - BOE Technology Group Co., Ltd. (referred to as "the company") reported significant improvements in both revenue and profitability for Q3 2025, with a notable year-on-year revenue increase and a continued reduction in net losses, supported by management adjustments and the implementation of equity incentives to optimize corporate governance [1][2]. Financial Performance - For the first three quarters of 2025, the company achieved a revenue of 4.13 billion yuan, a 39.84% increase from 2.95 billion yuan in the same period last year, driven by a substantial rise in sales [1][2]. - In Q3 alone, the revenue reached 1.60 billion yuan, reflecting a robust year-on-year growth of 50.37% [1][2]. - The net loss attributable to shareholders was 195.66 million yuan, a 45.58% reduction compared to a loss of 360 million yuan in the previous year [2]. - The net profit after deducting non-recurring gains and losses was -313.67 million yuan, narrowing by 28.12% year-on-year [2]. Asset Structure - As of the end of September, the company's total assets amounted to 13.69 billion yuan, an 8.18% increase from the previous year's end [3]. - The equity attributable to shareholders was 6.79 billion yuan, showing a slight decrease of 2.08% compared to the previous year [3]. - Inventory increased by 48% to 1.64 billion yuan, indicating heightened operational activity due to improved capacity utilization [3]. Cash Flow - The net cash flow from operating activities for the first three quarters was -539.18 million yuan, a significant decline of 523.41% year-on-year, primarily due to increased cash outflows for raw material purchases [3]. - Cash flow from investing activities improved, with a net outflow of 885 million yuan, a 32.93% year-on-year improvement due to reduced long-term asset investments [3]. - Financing activities saw a 39.36% increase in cash flow, totaling 1.23 billion yuan, largely driven by new borrowings, with short-term loans rising by 39.61% to 1.78 billion yuan [3].

证券代码：300323 证券简称：华灿光电 公告编号：2025-058 京东方华灿光电股份有限公司 第六届董事会第十七次会议决议公告 表决结果：赞成 9 票，反对 0 票，弃权 0 票。 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"）第六届董事会第十七次会 议通知于 2025 年 10 月 21 日以电话、邮件方式向全体董事送达。 2、本次董事会于 2025 年 10 月 28 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。部分高管列席了本次会议。 4、本次董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、董事会会议审议情况 1、 审议通过《关于公司<2025 年第三季度报告>的议案》 经审议，董事会认为：公司编制《2025 年第三季度报告》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 年第三季度 的经营状况和经营成果，报告所披露 ...

Financial Performance - The company's operating revenue for Q3 2025 reached ¥1,596,712,125.20, representing a 50.37% increase compared to the same period last year[5] - The net profit attributable to shareholders was -¥80,248,056.83, a decrease of 29.07% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥99,394,238.83, a decrease of 24.34% compared to the previous year[5] - The company reported a 39.84% increase in operating income for the year-to-date period, totaling ¥4,129,071,094.98[12] - The total operating revenue for the current period reached ¥4,129,071,094.98, an increase from ¥2,952,624,462.03 in the previous period, representing a growth of approximately 39.7%[29] - The total operating costs amounted to ¥4,376,405,747.33, up from ¥3,372,920,445.31, indicating an increase of about 29.6%[29] - The company's net loss for the current period was ¥1,831,712,444.84, worsening from a loss of ¥1,636,056,185.48 in the previous period[28] - The company reported a net loss of ¥195,656,259.36 for the current period, an improvement from a net loss of ¥359,556,268.16 in the previous period, representing a decrease in loss of approximately 45.5%[30] - Total comprehensive income for the current period was ¥-195,733,691.49, compared to ¥-359,608,601.22 in the previous period, indicating a significant reduction in comprehensive loss[31] - Operating profit for the current period was ¥-247,200,388.81, an improvement from ¥-451,345,885.03 in the previous period, reflecting a decrease in operating loss of about 45.2%[30] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥13,693,625,172.60, an increase of 8.18% from the end of the previous year[5] - The company's total liabilities increased by 39.61% due to new short-term borrowings and bank acceptance bill discounts[11] - The total assets of the company reached ¥13,693,625,172.60, compared to ¥12,657,665,726.62 at the beginning of the period, an increase of about 8.2%[28] - The total liabilities increased to ¥6,905,006,624.33 from ¥5,725,031,017.77, representing a rise of approximately 20.6%[28] - The company's short-term borrowings rose to ¥1,774,654,037.87 from ¥1,271,145,140.49, an increase of about 39.5%[27] Cash Flow - The company's cash flow from operating activities showed a net outflow of -¥539,175,757.96, a significant decline of 523.41% year-on-year[15] - Cash inflow from operating activities totaled ¥3,766,944,354.40, up from ¥2,586,759,857.23 in the previous period, marking an increase of approximately 45.5%[31] - Cash outflow from investing activities was ¥1,091,383,978.83, down from ¥2,660,519,720.02 in the previous period, indicating a reduction of about 59.0%[32] - Net cash flow from financing activities was ¥1,230,267,967.71, an increase from ¥882,782,292.93 in the previous period, representing an increase of approximately 39.4%[32] - The company's cash and cash equivalents decreased to ¥541,278,857.99 from ¥941,581,628.59, a decline of approximately 42.5%[26] - The company’s cash and cash equivalents at the end of the period were ¥405,243,414.00, down from ¥804,446,995.41 at the end of the previous period[32] Shareholder Information - The total number of common shareholders at the end of the reporting period is 39,867[17] - The top shareholder, BOE Technology Group, holds 22.92% of shares, totaling 372,070,935 shares[17] - Zhuhai Huafa Technology Group holds 19.00% of shares, totaling 308,406,868 shares[17] - The number of shares held by the top ten unrestricted shareholders includes 161,145,643 shares held by Yiwu Harmony Chip Investment Partnership[18] - The company has seen a significant increase in the number of shares held by individual shareholders, with Wang Yuansong holding 53,484,650 shares[18] - The total number of restricted shares at the beginning of the period was 1,251,850, with 109,988 shares released during the period[20] - The company has a total of 631,000 shares of restricted stock to be granted under the 2024 incentive plan at a price of 4.80 RMB per share[23] - The company plans to grant restricted stock to 57 eligible participants as part of the 2024 incentive plan[23] - The company has established a voting rights management agreement with NSL, covering 56,817,391 shares[18] Management Changes - The company has appointed a new COO, Cai Hexun, following the resignation of the previous COO, She Xiaomin[21] Investment and Fair Value - The long-term equity investments increased to ¥75,414,622.55 from ¥20,954,622.55, showing a significant rise of approximately 259.5%[27] - The company recorded a fair value change gain of ¥1,229,901.07, a decrease from ¥5,783,836.02 in the previous period[30] Return on Investment - The weighted average return on net assets was -1.18%, reflecting a slight improvement of 0.40% compared to the previous period[5]

Market Overview - The Shanghai Composite Index closed at 3839.76 points, with a decline of 1.95% [1] - The total trading volume of A-shares reached 1,954.408 billion yuan [1] Technical Analysis - A total of 207 A-shares experienced a "death cross" where the 5-day moving average fell below the 10-day moving average [1] - Notable stocks with significant distance between their 5-day and 10-day moving averages include: - Dashengda: -1.36% - Guanghetong: -1.33% - Songyang Resources: -1.32% [1] Individual Stock Performance - Dashengda (603687) saw a decline of 6.44% with a trading turnover of 3.58% and a latest price of 8.42 yuan, which is 9.17% below the 10-day moving average [1] - Guanghetong (300638) decreased by 5.86%, with a turnover of 5.63% and a latest price of 28.25 yuan, 8.55% below the 10-day moving average [1] - Songyang Resources (603863) dropped 10.02%, with a turnover of 8.88% and a latest price of 19.31 yuan, 14.01% below the 10-day moving average [1] Additional Notable Stocks - Other stocks with significant declines include: - Chuan Dong (603767): -9.94%, latest price 24.36 yuan, 10.84% below the 10-day moving average [1] - Lianhong (003022): -4.45%, latest price 19.56 yuan, 7.05% below the 10-day moving average [1] - Qide New Materials (300995): -6.19%, latest price 44.11 yuan, 8.55% below the 10-day moving average [1]

Core Viewpoint - As of October 16, a total of 106 stocks in the Shanghai and Shenzhen markets have experienced net financing inflows for five consecutive days or more, indicating strong investor interest in these stocks [1] Group 1: Stocks with Notable Financing Inflows - The stock with the longest consecutive net inflow is Xingye Yinx, which has seen net buying for 13 consecutive trading days [1] - Other stocks with significant consecutive net inflows include Tongfang Co., Kangwei Century, Huaming Equipment, Huacan Optoelectronics, Guizhou Tire, Power Diamond, Yaxin Security, and Yuntianhua [1]

Core Insights - Huazhan Optoelectronics (300323) has seen a net financing purchase of 1.13 million yuan on October 16, 2025, with a financing balance of 778 million yuan, indicating strong investor interest [1][4] - Over the past three trading days, the company has recorded a cumulative net purchase of 28.90 million yuan, with 17 out of the last 20 trading days showing net financing purchases [1] Financing Activity - On October 16, 2025, the net financing purchase was 1.13 million yuan, with a financing balance of 778 million yuan, representing 10.56% of the circulating market value [2] - The financing balance has increased by 0.13% compared to the previous day, reflecting a positive trend in investor sentiment [4] - The financing activities over the past few days show a consistent pattern of net purchases, with significant amounts recorded on October 10 (110 million yuan) and October 14 (26.98 million yuan) [2][4] Margin Trading - On October 16, 2025, there was a net margin purchase of 6,400 shares, with a remaining margin balance of 157,300 shares [3] - The margin trading balance on October 16 was 1.32 million yuan, indicating ongoing trading activity in the stock [3] Overall Market Sentiment - The overall margin trading balance has shown fluctuations, with a notable increase of 18.16% on October 10, suggesting heightened trading activity in the market [4]