随着"并购6条"+新国九条等政策的持续发力，2025年的 类借壳交易热度只增不减： 这两年并购重组圈可太热闹了！2024年度A股重大重组预案暴增68%，北交所并购额破千亿，更有近三 成上市公司在搞"曲线救国"——绕开传统借壳的严监管，用分步收购、引入第三方等"类借壳"招数悄悄 布局。 「「「「「「「「 AAAAAAAA 股股股股股股股股退退退退退退退退市市市市市市市市加加加加加加加加速速速速速速速速 倒倒倒倒倒倒倒倒逼逼逼逼逼逼逼逼并并并并并并并并购购购购购购购购重重重重重重重重组组组组组组组组」」」」」」」」 「「「「「「「「 22222 222200000 000022222 222244444 4444.... . ... ..99999 9999.... . ... ..22222 222244444 4444 以以以以以以以以来来来来来来来来 并并并并并并并并购购购购购购购购热热热热热热热热情情情情情情情情高高高高高高高高涨涨涨涨涨涨涨涨」」」」」」」」 为什么越来越多企业选择这种"暗度陈仓"的方式？不同模式到底藏着哪些门道？下面我们用2024年最 受关注的几个案例，带大家看看 类借壳的四大经典玩法 ...

证券代码：300489 证券简称：光智科技 公告编号：2025-040 特别风险提示： 关于为全资子公司提供担保的进展公告 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。 截至本公告披露日，光智科技股份有限公司（以下简称"公司"）累计对外 担保余额为113,914.26万元，占公司最近一期经审计净资产的比例为184.83%， 均系公司对合并报表范围内子公司提供的担保，不存在对合并报表范围外单位提 供担保的情形。本次被担保对象公司全资子公司宝鸡中飞恒力机械有限公司（以 下简称"中飞恒力"）最近一期资产负债率超过70%，公司对资产负债率超过70% 的单位担保金额超过上市公司最近一期经审计净资产50%，敬请投资者注意相关 风险。 一、担保情况概述 公司于2025年1月2日分别召开第五届董事会第二十二次会议、第五届监事会 第十八次会议，审议通过了《关于2025年度向银行申请综合授信并为子公司提供 担保的议案》，同意公司为全资子公司中飞恒力银行授信提供担保，合计担保额 度不超过人民币2,200万元，担保额度可循环滚动使用。上述授信额度及担保额 度有效期自公司股东大会审议 ...

Core Viewpoint - The company, Guangzhi Technology Co., Ltd., reported significant growth in its 2024 annual performance, driven by strategic initiatives in the infrared materials sector and effective asset management [2][3]. Financial Performance - In 2024, Guangzhi Technology achieved a revenue of 1.455 billion yuan, representing a year-on-year increase of 43.82% [2]. - The net profit attributable to shareholders was 12.2571 million yuan, marking a turnaround from previous losses [2]. Business Strategy - The company focuses on an integrated optoelectronic industry chain strategy, extending from infrared materials to devices and complete systems [3]. - Guangzhi Technology plans to enhance its research and development (R&D) efforts, with an R&D investment of 156 million yuan in 2024, accounting for 10.74% of its revenue [3][4]. Technological Advancements - The company has developed advanced technologies in crystal growth, zinc selenide production, coating, optical-mechanical-electrical design optimization, and detector production [3]. - Guangzhi Technology is recognized as the largest domestic supplier of infrared materials and has established a production line for ultra-pure germanium with international standards [2][3]. Market Position and Expansion - The global infrared industry is characterized by a competitive landscape dominated by North America, which holds over 60% of the civilian infrared thermal imaging product market [3]. - The company is committed to expanding its overseas market presence through the establishment of foreign subsidiaries or offices [3]. Future Plans - For 2025, Guangzhi Technology intends to further increase R&D investments focused on infrared devices and complete products, aiming for technological innovation and market competitiveness [4]. - The company emphasizes collaboration with supply chain partners to manage raw material price fluctuations and ensure rapid commercialization of R&D outcomes [4].

Group 1: Company Performance and Growth Drivers - The company's performance growth in 2024 was driven by opportunities in the infrared industry, extending the product chain downstream, and increasing market share in mature materials, with a revenue increase of approximately 38 million CNY from asset disposals [2] - The sales revenue of the infrared optical business reached 1,282.70 million CNY in 2024, representing a growth of 54.74% compared to the previous year [4] - R&D investment in 2024 amounted to 156 million CNY, accounting for 10.74% of total revenue [3] Group 2: Market Position and Applications - The company is the largest supplier of infrared materials in China, with applications in security monitoring, industrial inspection, medical diagnosis, autonomous driving, and more [3] - The company has developed high-performance aluminum alloy products for applications in the automotive industry, including components for electric vehicles [4] Group 3: Research and Development - The company has established advanced technologies in crystal growth, production of zinc selenide, and detector manufacturing, maintaining a competitive edge in the infrared optical field [4] - The company holds 428 patents, indicating a strong focus on innovation and technology development [4] Group 4: Future Plans and Market Expansion - The company plans to expand its overseas market presence through the establishment of foreign subsidiaries or offices [3] - Ongoing major asset restructuring is in progress, with due diligence and valuation activities being conducted as of March 13, 2025 [4]

证券代码：300489 证券简称：光智科技 公告编号：2025-027 光智科技股份有限公司 第五届董事会第二十五次会议决议公告 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 2.会议于 2025 年 3 月 13 日以现场及通讯相结合的方式在公司会议室召开。 3.本次会议应出席董事 6 名，实际出席董事 6 名，以通讯表决方式出席会议董事 5 名，分别为侯振富、朱世彬、童培云、朱日宏、孙建军。 4.会议由董事长侯振富先生主持，公司监事、部分高级管理人员列席了会议。 5.本次会议的召开和表决程序符合《中华人民共和国公司法》等法律法规和《公司 章程》的有关规定。 二、董事会会议审议情况 1.审议通过了《关于公司 2024 年度董事会工作报告的议案》 公司董事会就公司 2024 年总体经营情况及 2025 年工作重点等问题形成董事会工作 报告。公司独立董事刘广民先生、朱日宏先生、孙建军先生、白云女士向董事会提交了 《2024 年度独立董事述职报告》，并将在公司 2024 年度股东会上述职。 具体内容详见公司同日刊载于中国证监会指定的创业板 ...

Financial Performance - The company's operating revenue for 2024 reached ¥1,454,591,424.31, representing a 43.82% increase compared to ¥1,011,387,440.41 in 2023[20] - The net profit attributable to shareholders was ¥12,257,095.18, a significant turnaround from a loss of ¥241,033,971.63 in the previous year, marking a 105.09% improvement[20] - The total assets of the company increased by 21.93% to ¥4,069,244,204.53 at the end of 2024, up from ¥3,337,492,339.55 in 2023[20] - The net assets attributable to shareholders surged by 855.46% to ¥616,312,773.55, compared to ¥64,504,178.89 in 2023[20] - The basic earnings per share improved to ¥0.0890 from a loss of ¥1.7607 in the previous year, reflecting a 105.05% increase[20] - The cash flow from operating activities showed a negative net amount of ¥158,810,747.03, a decline of 485.96% from ¥41,146,881.95 in 2023[20] - The company reported a quarterly revenue breakdown, with Q4 2024 revenue at ¥499,701,739.83, the highest among the quarters[23] - The total non-recurring gains and losses for the company reached ¥49,412,700.96 in 2024, significantly higher than ¥13,808,966.25 in 2023 and ¥15,266,943.55 in 2022[28] Market and Industry Insights - The global market for cooled infrared detectors was valued at ¥2.151 billion in 2023, with projections to grow to ¥3.357 billion by 2030[33] - The global market for uncooled infrared detectors was valued at ¥11.937 billion in 2023, expected to increase to ¥18.730 billion by 2030[33] - The civil infrared market exceeded $7.5 billion globally in 2023, while the Chinese infrared thermal imaging market reached ¥72.324 billion[33] - The company operates in the infrared optical devices and high-performance aluminum alloy materials sectors, which are critical for applications in security monitoring, industrial inspection, and aerospace[31] Research and Development - The company has a total of 428 patents, including 106 invention patents, demonstrating its strong focus on technology innovation and intellectual property protection[46] - The company has received approval to establish a national-level postdoctoral research station, enhancing its research and development capabilities[37] - R&D investment amounted to ¥156,233,780.85 in 2024, a decrease of 32.0% from ¥229,922,202.37 in 2023, with the R&D investment as a percentage of revenue dropping from 22.73% to 10.74%[71] - The number of R&D personnel decreased by 33.55% from 608 in 2023 to 404 in 2024, with the proportion of R&D staff dropping from 28.77% to 18.31%[70] Operational Efficiency and Cost Management - The company is focusing on optimizing its cost structure and enhancing operational efficiency through refined management practices[49] - The company aims to reduce operational costs by 10% through efficiency improvements in the supply chain[123] - The company is actively managing its operational costs, including a 2.23% increase in electricity expenses related to its operations[184] Governance and Compliance - The board of directors consists of 6 members, including 3 independent directors, and operates in accordance with relevant laws and regulations[104] - The company emphasizes information disclosure, ensuring that all shareholders have equal access to information through designated media[105] - The company maintains independence from its controlling shareholder in terms of business, personnel, assets, organization, and finance, ensuring independent operations[108] - The company has established a robust governance structure and risk control measures, ensuring compliance with relevant laws and regulations[154] Strategic Initiatives and Future Plans - The company plans to increase R&D investment to 156 million RMB in 2025, focusing on infrared devices and complete products[95] - The company is actively pursuing mergers and acquisitions as part of its growth strategy, as discussed in various shareholder meetings[112] - The company plans to acquire 100% of the shares of Xiandian Electronics Technology Co., Ltd. by issuing shares and paying cash, along with raising supporting funds from no more than 35 specific investors[192] - The company is considering strategic acquisitions to enhance its market position, with a budget of $100 million allocated for this purpose[121] Environmental and Social Responsibility - The company is committed to environmental protection and sustainable development, promoting clean production and advanced energy-saving technologies[161] - The company has not initiated any targeted poverty alleviation work during the reporting period and has no subsequent plans[162] - The company emphasizes compliance with laws and regulations to protect the rights of shareholders and creditors, ensuring the quality of the listed company[159] Employee and Stakeholder Relations - The company focuses on employee rights protection, implementing a competitive compensation system and providing diverse cultural activities for staff[161] - The total remuneration for the chairman, Hou Zhenfu, was 36.00 million yuan, while the total for the current general manager, Zhu Shibin, was 131.40 million yuan[128] - The company has established a comprehensive training system to improve employee skills and organizational capabilities[142] Risk Management - The company has identified risks including macroeconomic fluctuations, exchange rate volatility, and raw material price fluctuations, which may impact future operations[3] - The company faces risks from macroeconomic changes and export controls on germanium-related products, which may impact profitability[96][97] - The company plans to strengthen cooperation with upstream and downstream supply chains to mitigate raw material price fluctuations[95][98]

证券代码：300489 证券简称：光智科技 公告编号：2025-035 光智科技股份有限公司 关于2024年股票期权激励计划第一个行权期行权条件未成就及 注销部分股票期权的公告 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。 光智科技股份有限公司（以下简称"公司""光智科技"）于 2025 年 3 月 13 日召开第五届董事会第二十五次会议、第五届监事会第二十一次会议， 审议通过了《关于 2024 年股票期权激励计划第一个行权期行权条件未成就及注 销部分股票期权的议案》，根据《2024 年股票期权激励计划（草案）》（以下 简称《激励计划》或"本激励计划"）、《2024 年股票期权激励计划考核管 理办法》（以下简称《考核管理办法》）的相关规定及公司 2024 年第二次临 时股东大会的授权，本激励计划首次授予的股票期权第一个行权期因 2024 年 度公司层面业绩考核未达标，未满足行权条件及已经离职不再符合激励对象资 格的股票期权共计 437 万份由公司注销。 现将相关事项公告如下： 一、本激励计划已履行的必要程序 （一）2024 年 3 月 1 日，公司召开第五届 ...

关于光智科技股份有限公司 2024 年股票期权激励计划注销部分股票期 权相关事项法律意见书 中国 深圳 福田区益田路 6001 号太平金融大厦 11、12 楼 邮编：518038 11&12/F, TaiPing Finance Tower, 6001 Yitian Road, Futian District, Shenzhen, P.R. CHINA 电话（Tel）：(0755)88265288 传真（Fax）：(0755)88265537 电子邮件（E-mail）：info@sundiallawfirm.com 网址（Website）：https://www.sundiallawfirm.com 法律意见书 广东信达律师事务所 关于光智科技股份有限公司 2024 年股票期权激励计划注销部分股票期权相关事项的法 律意见书 信达励字[2025]第 013 号 致：光智科技股份有限公司 广东信达律师事务所（以下简称"信达"）接受光智科技股份有限公司（以 下简称"公司"）的委托，担任公司2024年股票期权激励计划（以下简称"本激 励计划"）的专项法律顾问。根据《中华人民共和国公司法》《中华人民共和国 证券法》《上 ...

中审亚太会计师事务所（特殊普通合伙） China Audit Asia Pacific Certified Public Accountants LLP 审 计 报 告 AUDIT REPORT 光智科技股份有限公司 2024 年度财务报表审计 中国 ·北京 BEIJING CHINA 目 录 | 一、审计报告 | 1-5 | | --- | --- | | 二、已审财务报表 | | | 1．合并资产负债表 | 1-2 | | 2．合并利润表 | 3 | | 3．合并现金流量表 | 4 | | 4．合并股东权益变动表 | 5-6 | | 5．资产负债表 | 7-8 | | 6．利润表 | 9 | | 7．现金流量表 | 10 | | 8．股东权益变动表 | 11-12 | | 9．财务报表附注 | 13-117 | 中 审 亚 太 会 计 师 事 务 所 （ 特 殊 普 通 合 伙 ） China Audit Asia Pacific Certified Public Accountants LLP 审 计 报 告 中审亚太审字（2025）001386 号 光智科技股份有限公司全体股东： 一、审计意见 我们审 ...