关于完成工商变更登记并换发营业执照的公告 证券代码：300394 证券简称：天孚通信 公告编号：2024-048 苏州天孚光通信股份有限公司 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。 苏州天孚光通信股份有限公司（以下简称"公司"或"天孚通信"）于 2024 年 4 月 18 日召开了第五届董事会第二次会议、第五届监事会第二次会议及 2024 年 5 月 13 日召开 2023 年年度股东大会，审议通过了《关于 2021 年限制性股票 激励计划第三个归属期归属条件成就的议案》，认为 2021 年限制性股票激励计划 第三个归属期归属条件已经成就，同意按照规定为符合条件的激励对象办理第二 类限制性股票归属相关事宜；2024 年 5 月，公司办理完成了 2021 年限制性股票 激励计划第三个归属期第一批次的股份归属的登记工作，归属股票数量 764,424 股。具体内容详见刊登在巨潮资讯网（www.cninfo.com.cn）的相关公告（公告编 号：2024-022、2024-023、2024-024）。 法定代表人：邹支农 2024 年 4 月 18 日，公司召 ...

苏州天孚之星科技有限公司 公证天业会计师事务所（特殊普通合伙） Gongzheng Tianye Certified Public Accountants, SGP 中国．江苏．无锡 Wuxi．Jiangsu．China 审计报告 苏公W[2024]E1388 号 苏州天孚之星科技有限公司全体股东： 一、审计意见 我们审计了苏州天孚之星科技有限公司（以下简称"天孚之星"）财务报表，包括 2024年6月30日、2023年12月31日的合并及母公司资产负债表，2024年1-6月、2023年度 的合并及母公司利润表、合并及母公司现金流量表、合并及母公司所有者权益变动表， 以及财务报表附注。 我们认为，后附的财务报表在所有重大方面按照企业会计准则的规定编制，公允反映 了天孚之星2024年6月30日、2023年12月31日的合并及母公司财务状况以及2024年1-6 月、2023年度的合并及母公司经营成果和现金流量。 二、形成审计意见的基础 我们按照中国注册会计师审计准则的规定执行了审计工作。审计报告的"注册会计 师对财务报表审计的责任"部分进一步阐述了我们在这些准则下的责任。按照中国注册 会计师职业道德守则，我们独立于 ...

证券代码：300394 证券简称： 天孚通信 公告编号：2024-047 苏州天孚光通信股份有限公司 关于召开 2024 年第二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的真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 苏州天孚光通信股份有限公司（以下简称"公司"）第五届董事会第五次临 时会议定于 2024 年 8 月 30 日（星期五）下午 14:30 召开公司 2024 年第二次临 时股东大会，现将有关事项通知如下： 一、召开会议的基本情况： （1）截至股权登记日：2024 年 8 月 26 日（星期一）下午收市时，在中国 证券登记结算有限责任公司深圳分公司登记在册的本公司全体股东。上述本公司 全体股东均有权出席股东大会，并可以书面委托代理人出席和参加表决，该股东 代理人可以不必是公司的股东； 1、股东大会届次：2024 年第二次临时股东大会 2、会议召集人：公司董事会 3、会议召开的合法性及合规性：经本公司第五届董事会第五次临时会议审 议通过，决定召开 2024 年第二次临时股东大会，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、会议召开日 ...

证券代码：300394 证券简称：天孚通信 公告编号：2024-044 第五届董事会第五次临时会议决议公告 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 表决结果：同意 4 票，反对 0 票，弃权 0 票。 苏州天孚光通信股份有限公司 苏州天孚光通信股份有限公司（以下简称"公司"或"天孚通信"）第五届董事会 第五次临时会议通知于 2024 年 8 月 9 日以电子邮件方式发出，会议于 2024 年 8 月 14 日以现场与通讯相结合的方式召开。应参加会议董事 6 人，实际参加会议董事 6 人， 公司监事、高级管理人员参加了会议。本次会议的召开符合《中华人民共和国公司法》 《公司章程》等法律法规和规范性文件的有关规定。会议由董事长邹支农先生主持， 审议通过以下各项议案及事项，并形成决议。 二、董事会会议审议情况 1、审议通过了《关于收购苏州天孚之星科技有限公司 46.67%股权暨关联交易的 议案》 为进一步提升未来上市公司盈利能力和可持续发展能力，优化公司资源配置和布 局结构，充分保障上市公司股东利益，公司拟收购实际控制人邹支农先生持有 ...

Financial Data and Key Metrics Changes - The company experienced a compound annual growth rate (CAGR) of 34% in revenue and 26% in net profit from 2018 to 2023, significantly outperforming the industry average [1][1]. Business Line Data and Key Metrics Changes - The company has shown steady growth in its optical device manufacturing, particularly in the research and production of optical fiber connectors and related components [1]. Market Data and Key Metrics Changes - The stock price of the company has been volatile due to external factors such as tariff changes and fluctuations in the US stock market, rather than solely based on fundamentals [1]. Company Strategy and Development Direction and Industry Competition - The company opts for integrated optical device platform suppliers to streamline procurement and production processes, reducing supply chain risks [1]. - The company holds a competitive advantage in the optical engine market due to its upstream position, rich component supply capabilities, and some active device packaging technologies [1]. Management's Comments on Operating Environment and Future Outlook - Management indicated that despite short-term concerns regarding the company's fundamentals, there are multiple catalysts and strong financial data supporting a recovery in growth [1]. - The company noted that the optical engine's application is expanding, particularly in high-speed data transmission scenarios, which is expected to drive future growth [1]. Other Important Information - The actual controllers of the company hold approximately 38% of the shares, with the company having several subsidiaries focusing on different business areas [1]. Q&A Session Summary Question: What are the main factors affecting stock price fluctuations in the current market environment? - Answer: Recent stock price fluctuations are influenced more by international conditions and US stock market dynamics than by fundamentals [1]. Question: How has the stock price of Tianfu Communication performed in recent years? - Answer: The stock price experienced volatility due to 5G inventory digestion but saw significant increases due to rising demand in new construction and cloud computing [1]. Question: What is the development status of cloud computing and its impact on the company's stock price? - Answer: After rapid growth, cloud computing entered a stable phase in 2021 and 2022, with the company experiencing a significant surge in stock price due to the rise of AI technology [1]. Question: What is the company's shareholding structure and main business? - Answer: The actual controllers hold about 38% of the shares, and the company has shown steady growth in its performance, particularly in optical device manufacturing [1]. Question: Why does the company prefer integrated optical device platform suppliers? - Answer: Integrated suppliers provide most required optical devices, simplifying management and coordination, and reducing supply chain risks [1]. Question: What is an optical engine and its main application scenarios? - Answer: An optical engine is responsible for optoelectronic conversion and integrates various optical components, with applications in traditional optical modules and various logic chip interconnections [1]. Question: What is the company's competitive advantage in the optical engine market? - Answer: The company has a competitive edge due to its upstream position, component supply capabilities, and the ability to meet customer confidentiality needs, leading to higher profit margins [1].

Summary of Conference Call Transcript Company Overview - The company discussed is Tianfu Communication, which operates in the optical device industry, particularly focusing on optical modules and components such as fiber optic connectors and related products [1][2]. Key Points and Arguments - **Market Influences on Stock Price**: Recent stock price fluctuations are influenced more by international factors (e.g., tariff changes) and U.S. stock market conditions rather than solely by fundamentals. Long-term investment value is still primarily determined by industry performance, expected growth rates, and trends [1]. - **Stock Performance History**: Tianfu Communication's stock experienced volatility in 2020 due to 5G inventory digestion. However, there was a significant rise in stock price driven by increased demand for new construction and cloud computing [1]. - **Cloud Computing Impact**: After rapid growth in cloud computing from 2020 to 2022, the sector entered a stabilization phase, which affected stock prices. Short-term themes may cause temporary price increases, but stocks tend to revert to normal levels once these themes fade [1]. - **Recent Stock Volatility and Fundamentals**: In early 2023, Tianfu Communication's stock saw a significant rise due to advancements in AI technology, although it faced adjustments after the first quarter report due to discrepancies between market expectations and actual performance. The company's optical engine business continues to grow rapidly [1]. - **Company Structure and Business Focus**: The actual controllers of Tianfu Communication are the founders, holding approximately 38% and 9% of the shares, respectively. The company has several subsidiaries focusing on different business areas, and it has shown steady growth with a compound annual growth rate (CAGR) of 34% in revenue and 26% in net profit from 2018 to 2023 [1]. - **Product Development and Customization**: The company has expanded its product line to include various components and customized products, which have higher added value and technical difficulty. This success is attributed to strong R&D capabilities and precise cost control [1]. - **Supplier Strategy**: The company prefers integrated optical device platform suppliers to simplify procurement and production processes, reduce supply chain risks, and ensure product quality and competitive pricing [1]. - **Optical Engine Applications**: The optical engine is responsible for optoelectronic conversion and integrates various active and passive devices. Its applications extend beyond traditional optical modules to include connections between various logic chips such as CPUs and GPUs [1]. - **Competitive Advantages in Optical Engine Market**: The company holds a competitive edge as an upstream supplier with extensive component supply capabilities and some active device packaging technology, making it an ideal partner for overseas optical module manufacturers. The company benefits from design patent protections, allowing it to earn substantial design fees [1]. Additional Important Information - The company has maintained a strong financial performance, significantly exceeding industry averages, and continues to adapt its strategies in response to market dynamics and technological advancements [1].

天孚通信临时股东大会 法律意见书 江苏世纪同仁律师事务所 关于苏州天孚光通信股份有限公司 2024 年第一次临时股东大会的法律意见书 致：苏州天孚光通信股份有限公司 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司股东 大会规则》和《深圳证券交易所上市公司股东大会网络投票实施细则》等法律、 法规和规范性文件以及公司《章程》的规定，本所接受公司董事会的委托，指派 本所律师出席公司2024年第一次临时股东大会，并就本次临时股东大会的召集、 召开程序、出席会议人员资格、召集人资格、表决程序以及表决结果的合法有效 性出具法律意见。 为出具本法律意见书，本所律师对本次临时股东大会所涉及的有关事项进行 了审查，查阅了相关会议文件，并对有关问题进行了必要的核查和验证。 本所律师同意将本法律意见书随公司本次临时股东大会决议一并公告，并依 法对本法律意见书承担相应的责任。 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： 一、关于本次临时股东大会的召集、召开程序 1、本次临时股东大会的召集 2024 年 7 月 9 日，公司召开了第五届董事会第 ...

本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 特别提示： 证券代码：300394 证券简称：天孚通信 公告编号：2024-043 苏州天孚光通信股份有限公司 2024 年第一次临时股东大会决议公告 1、本次股东大会未出现否决议案的情形。 2、本次股东大会未涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 （一）会议召开情况 苏州天孚光通信股份有限公司（以下简称"公司"或"天孚通信"）2024 年 第一次临时股东大会现场会议于 2024 年 7 月 26 日（星期五）下午 14:30，在苏 州高新区长江路 695 号公司会议室以现场投票与网络投票相结合的方式召开。本 次会议通知已于 2024 年 7 月 10 日在中国证监会指定信息披露网站公告。本次 会议由公司董事会召集，公司董事长邹支农先生主持。本次会议的召开符合《中 华人民共和国公司法》、《上市公司股东大会规则》及《公司章程》等有关法律、 行政法规、部门规章、规范性文件的规定。 公司 2024 年第一次临时股东大会通过深圳证券交易所交易系统进行网络投 票的具体时间为 2024 年 7 月 26 ...

Financial Data and Key Metrics Changes - The company expects to achieve a net profit attributable to shareholders of 630-677 million yuan in the first half of 2024, representing a year-on-year growth of 167%-187%, with a median of 654 million yuan, indicating a growth of 177% [1][2] - The expected net profit after deducting non-recurring gains and losses is projected to be 617-664 million yuan, with a year-on-year increase of 173.56%-194.48% [1][2] - For Q2 2024, the company anticipates a net profit of 351-398 million yuan, reflecting a year-on-year growth of 144%-177% and a quarter-on-quarter increase of 26%-43% [1] Business Line Data and Key Metrics Changes - The demand for high-speed optical devices is benefiting from the rapid development of AI, with the company positioned as a leading supplier of optical devices, particularly in the 800G product line [1][2] - The company is actively expanding its product offerings in cutting-edge fields such as CPO, with applications extending from optical modules to chip interconnects, indicating a broad market potential [1] Market Data and Key Metrics Changes - North American cloud vendors are maintaining high capital expenditures, with Amazon, Microsoft, Google, and Meta showing significant investments, which is expected to drive demand for optical devices [2] - The company is well-positioned to benefit from the accelerated product upgrade cycles of major tech companies, particularly in the context of AI-driven demand [2] Company Strategy and Development Direction - The company aims to maintain its leadership in the optical communication industry by focusing on high-speed products like 400G and 800G, while also enhancing profitability through the transition of its subsidiary, Polar Photonics [2] - The company is also looking to expand its laser radar business and traditional optical communication segments, which are expected to grow steadily [2] Management's Comments on Operating Environment and Future Outlook - Management highlighted the explosive growth in computing power demand driven by AI and the rapid pace of global data center construction, which is expected to sustain the demand for high-speed optical devices [1][2] - The company anticipates further performance improvements as the demand for 1.6T optical engines gradually releases [1] Other Important Information - The company has a strong competitive position due to its deep ties with major overseas tech companies, which enhances its market resilience [1] - The company has been actively involved in the development of optical interconnect products for many years, positioning itself to be a core beneficiary in this area [1] Q&A Session Summary Question: What is the outlook for capital expenditures among cloud vendors? - The capital expenditures of major cloud vendors like Amazon and Microsoft have shown significant growth, with Microsoft achieving over 50% year-on-year growth for three consecutive quarters, indicating a robust demand environment [2] Question: How does the company plan to address potential risks in the market? - The company acknowledges risks related to potential declines in capital expenditures from domestic and overseas cloud vendors, which could impact the demand for optical modules [4]

证券研究报告 2024 年 07 月 20 日 公 司 报 告│ 公 司 季 报 点 评 天孚通信(300394) 业绩保持高增长,产品量产有望加速 事件: 7 月 17 日,公司发布 2024 年半年度业绩预告:报告期内预计实现归母净 利润 6.30-6.77 亿元,同比增长 167.00%-187.00%;扣非归母净利润 6.17- 6.64 亿元,同比增长 173.56%-194.48%。其中 2024Q2 预计实现归母净利润 3.51-3.98 亿元,同比增长 143.75%-176.39%,环比增长 25.81%-42.65%; 扣非归母净利润 3.48-3.95 亿元,同比增长 148.57%-182.14%,环比增长 29.37%-46.84%。 ➢ 硅光器件市场占比有望翻倍提升,公司重视硅光产品研发投入 根据 LightCounting,英伟达正在优先考虑将硅光子技术用于下一代收发 器;LightCounting 预计,2022-2028 年,基于硅光光调制器收发器的市场 份额将 24%上升到 44%。公司持续对硅光模块产品进行研发,针对硅光类产 品的高功率要求,开发出适应于高功率应用的 AW ...