经全体监事审议，本次会议以书面记名投票的方式表决通过了相关议案并 形成如下决议： 一、审议通过《公司 2024 年第一季度报告全文》 经审核，监事会认为：公司编制和审核《2024 年第一季度报告》的程序符合法律、 行政法规和中国证监会的规定，报告内容真实、准确、完整。 证券代码：300570 证券简称：太辰光 公告编号：2 0 2 4-02 6 深圳太辰光通信股份有限公司 第五届监事会第五次会议决议公告 本公司及监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。 深圳太辰光通信股份有限公司（以下简称"公司"）于 2024 年 4 月 25 日以现场表 决的方式在深圳市坪山区锦绣中路 8 号太辰光通信科技园会议室召开了第五届监事会 第五次会议。会议通知及会议资料于 2024 年 4 月 22 日以电子邮件或者直接送达方式 送达全体监事。本次会议应到监事 3 名，实到监事 3 名。会议由监事会主席耿鹏先生 主持，会议的召开和表决程序符合《公司法》及公司《章程》的有关规定，合法有效。 附件： 第五届监事会非职工代表监事候选人简历 表决结果： 3 票赞成； 0 票反对； 0 票弃 ...

Financial Performance - The company's revenue for Q1 2024 was ¥223,282,260.29, representing a 17.53% increase compared to ¥189,984,560.08 in the same period last year[5] - Net profit attributable to shareholders was ¥31,749,073.02, up 10.80% from ¥28,653,174.43 year-on-year[5] - Basic earnings per share rose to ¥0.14, reflecting a 7.69% increase from ¥0.13 in the same quarter last year[5] - Operating profit for the quarter was CNY 33,894,631.49, up from CNY 30,993,314.73, reflecting a growth of 9.3% year-over-year[22] - Total comprehensive income for the quarter was CNY 32,276,057.45, up from CNY 27,610,872.44, representing an increase of 16.1% year-over-year[23] Cash Flow - The net cash flow from operating activities surged to ¥44,149,505.83, a significant increase of 1,161.36% compared to ¥3,500,145.84 in the previous year[5] - Cash inflow from operating activities was CNY 235,125,941.01, an increase from CNY 180,669,123.70 in the same quarter last year, reflecting a growth of 30.2%[25] - Net cash flow from operating activities for Q1 2024 was CNY 44,149,505.83, a significant increase from CNY 3,500,145.84 in Q1 2023, representing a growth of approximately 1,160%[26] - Total cash outflow from operating activities was CNY 190,976,435.18, compared to CNY 177,168,977.86 in the previous year, indicating an increase of about 7.5%[26] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,797,618,814.41, marking a 7.17% increase from ¥1,677,341,304.35 at the end of the previous year[5] - The company's total equity increased to CNY 1,406,574,593.67 from CNY 1,373,025,051.63, reflecting a growth of 2.4%[22] - Total liabilities rose to CNY 391,044,220.74, compared to CNY 304,316,252.72 in the previous year, indicating a growth of 28.5%[22] - The total current liabilities amounted to CNY 375,000,000.00, with accounts payable increasing to CNY 233,696,687.25 from CNY 188,701,804.15, a rise of approximately 23.8%[19] Research and Development - The company's R&D expenses increased by 31.90% to ¥1,659.42 million, up from ¥1,258.08 million in the previous year[8] - Research and development expenses increased to CNY 16,594,205.33, up from CNY 12,580,756.97, representing a rise of 32.4% year-over-year[22] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 45,355[10] - The top shareholder, Huayang Export (Shenzhen) Co., Ltd., held 10.17% of the shares, amounting to 23,094,720 shares[10] - The company approved its 2024 employee stock ownership plan, which involved the transfer of 1,800,000 shares to the employee stock ownership plan account[16] - The company's board and supervisory board approved the employee stock ownership plan on February 20, 2024, and it was ratified by the shareholders on March 8, 2024[16] Government Subsidies - The company received government subsidies amounting to ¥1,854,211.92 during the reporting period[6] Inventory and Receivables - Inventory levels increased to CNY 243,349,190.74, compared to CNY 204,868,501.31 at the start of the period, marking a rise of approximately 18.7%[19] - Accounts receivable slightly decreased to CNY 405,725,732.85 from CNY 410,195,935.08, indicating a decline of about 1.1%[19] - The company reported a significant increase in other receivables, which rose to CNY 2,054,776.81 from CNY 1,292,126.35, a growth of approximately 58.9%[19] Cash and Cash Equivalents - The company's cash and cash equivalents rose to CNY 479,935,182.93 from CNY 370,319,219.98, reflecting an increase of about 29.5%[18] - The ending balance of cash and cash equivalents was CNY 477,296,444.26, up from CNY 330,317,545.74 at the end of Q1 2023, representing a growth of approximately 44.5%[26] - The net increase in cash and cash equivalents for Q1 2024 was CNY 109,617,111.35, compared to CNY 77,271,659.13 in Q1 2023, showing an increase of about 42%[26] Investment Activities - The net cash flow from investment activities decreased by 54.71% to ¥3,429.63 million, down from ¥7,572.60 million year-on-year[8] - Total cash inflow from investment activities was CNY 84,341,584.25, compared to CNY 435,442,966.25 in the previous year, indicating a decrease of about 80.7%[26] - Cash outflow from investment activities totaled CNY 50,045,243.07, down from CNY 359,716,932.37 in Q1 2023, reflecting a reduction of approximately 86.1%[26] - The cash flow from investment activities netted CNY 34,296,341.18, a decrease from CNY 75,726,033.88 in Q1 2023, reflecting a decline of approximately 54.7%[26] Audit and Accounting Standards - The company did not undergo an audit for the Q1 2024 report[28] - The company has not adopted the new accounting standards for the year 2024[27]

为保证 2024 年员工持股计划的有序实施，保障全体持有人的合法权益，根 据 2024 年员工持股计划的有关规定，设立 2024 年员工持股计划管理委员会，作 为 2024 年员工持股计划的日常管理机构，并代表持有人行使股东权利。管理委 员会将由 3 名委员组成，其中，设管理委员会主任 1 名。管理委员会委员的任期 为 2024 年员工持股计划的存续期。 表决结果：同意 3,051.00 万份，占出席会议持有人所持份额总数的 100%； 反对 0 份，占出席会议持有人所持份额总数的 0%；弃权 0 份，占出席会议持有 人所持份额总数的 0%。 二、审议通过了《关于选举 2024 年员工持股计划管理委员会委员的议案》 会议选举侯丹先生、郑敏先生、许红叶女士为 2024 年员工持股计划管理委 员会委员，管理委员会委员的任期为 2024 年员工持股计划的存续期。上述三位 管理委员会委员均未在公司控股股东单位任职，与持有上市公司 5%以上股东、 实际控制人、上市公司董事、监事、高级管理人员不存在关联关系。 证券代码：30 0 570 证券简称：太辰光 公告编号：2 0 24-02 4 深圳太辰光通信股份有限公司 20 ...

证券代码：30 0570 证券简称：太辰光 公告编号：20 24 -0 2 3 深圳太辰光通信股份有限公司 关于举行 2023 年度业绩网上说明会的公告 出席本次网上说明会的人员有：公司董事长张致民先生、总经理（董事、财 务总监）张艺明先生、副总经理（董事、技术总监）肖湘杰先生、董事会秘书蔡 波女士、独立董事周新黎女士。 为充分尊重投资者、提升交流的针对性，现就公司 2023 年度业绩说明会提 前向投资者公开征集问题，欢迎广大投资者于 2024 年 4 月 12 日 16:30 前，将关 注的问题发送至公司证券部邮箱 zqb@china-tscom.com，或者访问公司官网、进 入问题征集专题页面进行提问。公司将在 2023 年度业绩说明会上，对投资者普 遍关注的问题进行回答。 欢迎广大投资者积极参与！ 特此公告。 深圳太辰光通信股份有限公司 董事会 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。 深圳太辰光通信股份有限公司（以下简称"公司"）将于 2024 年 4 月 12 日 （星期五）15:00~16:30 举行 2023 年度业绩网上说明会。本次说明会 ...

23Q4 单季度需求回暖，AI 驱动新成长 2023 年公司综合毛利率为 29.4%，同比下降 3.38pct，主要受原材料价格 波动及营业收入结构变动影响。2023 年公司销售、管理、研发费用率分别 为 1.58%、5.68%、6.25%，同比分别-0.32pct、-1.04pct、-0.95pct。公司 2023H1 研发费用率达 7.17%，主要投入在密集连接、光波导芯片等系列产 品，2023 年下半年公司实现有效控费。 我们预计公司 2024-2026 年营业收入分别为 13.04/16.94/22.0 亿元，同比 增速分别为+47.34%/+29.92%/+29.89%，归母净利润分别为 2.37/3.25/4.33 亿元，同比增速分别为 52.88%/37.03%/33.42%，EPS 分别为 1.04/1.43/1.91 元/股，3 年 CAGR 为 40.86%。参照可比公司估值，我们给予公司 2024 年 45 倍 PE，目标价 46.8 元，维持为"买入"评级。 风险提示：客户需求波动，新产品研发量产进度不及预期，汇率风险。 36.89 46.80 股价相对走势 -30% 17% 63% ...

Investment Rating - The report maintains a "Buy" rating for the company, expecting the stock price to outperform the industry index by over 15% in the next six months [31]. Core Views - The company is expected to benefit from the growing demand for AI computing power, which is anticipated to drive performance improvement [1][5]. - Despite a decline in revenue and net profit in 2023 due to weak overseas demand, the company is focusing on expanding its domestic market, which is expected to lead to a recovery in performance [1][3]. - The company has launched an employee stock ownership plan to enhance employee engagement and align interests between employees and shareholders, indicating confidence in future growth [20]. Financial Performance Summary - In 2023, the company achieved revenue of 885 million yuan, a decrease of 5.22% year-on-year, and a net profit of 155 million yuan, down 13.86% year-on-year [3][19]. - The gross margin for 2023 was 29.40%, a decline of 3.38 percentage points year-on-year, while the net margin was 17.15%, down 1.94 percentage points year-on-year [1]. - The company expects to see significant growth in net profit in the coming years, with projections of 306 million yuan in 2024, 364 million yuan in 2025, and 453 million yuan in 2026 [23]. Market Outlook - The global AI market is projected to grow at a CAGR of approximately 32.90% from 2022 to 2030, reaching a size of 1.85 trillion USD by 2030, which presents a significant opportunity for the company's optical device products [5]. - The demand for high-speed optical modules is expected to increase due to the rapid development of AI technologies and the introduction of new applications, positioning the company favorably in the market [5][23].

上海 地址：上海市浦东新区陆家嘴 21 世纪大厦 10 楼 邮编：200120 北京 地址：北京市西城区金融大街 35 号国际企业大厦 A 座 8 楼 邮编：100033 重庆 地址：重庆市江北区金沙门路 32 号西南证券总部大楼 21 楼 邮编：400025 西南证券机构销售团队 | --- | --- | --- | --- | --- | --- | |-------|--------|--------------|-------------|-------------|----------------------| | | 李杨 | 销售总监 | 18601139362 | 18601139362 | yfly@swsc.com.cn | | | 张岚 | 销售副总监 | 18601241803 | 18601241803 | zhanglan@swsc.com.cn | | | 杨薇 | 资深销售经理 | 15652285702 | 15652285702 | yangwei@swsc.com.cn | | 北京 | 姚航 | 高级销售经理 | 15652026677 | 15652026677 | ...

Financial Performance - The company's operating revenue for 2023 was ¥884,775,629.78, a decrease of 5.22% compared to ¥933,506,088.73 in 2022[20] - The net profit attributable to shareholders for 2023 was ¥155,089,901.82, down 13.86% from ¥180,042,810.37 in the previous year[20] - The net profit after deducting non-recurring gains and losses was ¥136,620,397.06, a decline of 22.59% from ¥176,486,774.95 in 2022[20] - The basic earnings per share for 2023 was ¥0.69, a decrease of 14.81% compared to ¥0.81 in 2022[20] - The total assets at the end of 2023 amounted to ¥1,677,341,304.35, reflecting a 7.93% increase from ¥1,554,082,420.76 at the end of 2022[20] - The net assets attributable to shareholders increased by 4.16% to ¥1,364,317,850.75 at the end of 2023, compared to ¥1,309,866,758.13 at the end of 2022[20] - The cash flow from operating activities for 2023 was ¥114,997,202.58, representing a 9.34% increase from ¥105,169,295.96 in 2022[20] - The weighted average return on equity for 2023 was 11.60%, down from 14.44% in 2022[20] Market and Industry Trends - The optical communication industry is experiencing growth driven by advancements in 5G and 6G technologies, with increasing market demand for communication network construction[31] - The rural broadband access user base exceeded 190 million, indicating a growing market for digital infrastructure[31] - The company is actively exploring new digital applications and enhancing its operational models in response to industry policies promoting digital transformation[31] Research and Development - The company plans to continue increasing R&D investment and expanding its product line to enhance product quality and service levels in the optical communication sector[33] - The company invested in R&D for passive products like dense connectivity and optical waveguide chips, aiming to enhance product performance and cost-effectiveness[42] - Research and development expenses amounted to 55,299,000.14 CNY, representing 6.25% of total revenue, down from 7.20% in 2022[53] - The company is focusing on automation in production lines, which has improved efficiency and reduced costs, ensuring timely order delivery[43] Risk Factors - The company has identified potential risks in its future development outlook, which investors should pay attention to[4] - The company faces significant risks from external environmental changes, particularly due to its high export business and reliance on imported raw materials[69] - Customer demand fluctuations pose a risk, prompting the company to enhance R&D and improve product value to meet diverse customer needs[70] - The company is exposed to exchange rate risks, with a high proportion of sales settled in USD, which could lead to increased costs and reduced profits[70] Corporate Governance - The company has established a robust corporate governance structure, ensuring independent operation and decision-making processes[75] - The board of directors consists of nine members, including three independent directors, ensuring compliance with relevant regulations[76] - The company maintains an independent operational system, with no competitive relationship or unfair transactions with controlling shareholders[77] - The company has established an independent financial department, ensuring compliance with accounting laws and independent financial decision-making[78] Shareholder Information - The company plans to distribute a cash dividend of ¥5 per 10 shares, based on a total of 227,126,867 shares[4] - The company distributed a cash dividend of 5.00 RMB per 10 shares, totaling 111,568,367.00 RMB (including tax) based on a total share capital of 229,996,800 shares[108] - The company has not proposed a cash dividend distribution plan despite having positive distributable profits for the parent company during the reporting period[110] Strategic Initiatives - The company is focusing on the introduction of new passive device products and has made significant progress in developing high-speed interconnect products[39] - The company is actively exploring new market opportunities and collaborating with upstream and downstream partners to promote the prosperity of the optical communication industry[33] - The company plans to establish a wholly-owned subsidiary in Hong Kong as part of its expansion strategy[96] Audit and Compliance - The audit opinion for the financial statements was a standard unqualified opinion, issued by Rongcheng Accounting Firm on March 27, 2024[185] - The company has implemented key internal controls related to revenue recognition to mitigate risks associated with improper revenue reporting[190] - The audit report did not identify any significant misstatements in the financial statements or other information provided by the company[195] Employee and Workforce Management - The total number of employees at the end of the reporting period was 1,793, with 1,651 in the parent company and 142 in major subsidiaries[104] - The company has implemented a performance-based compensation system, linking salaries to job positions, capabilities, and performance[105] - The company conducted various training programs, including pre-job training, on-the-job training, and external training to enhance employee skills[106][107]

Investment Rating - The report maintains a "Recommended" rating for the company [1][6]. Core Views - The company achieved a revenue of 885 million yuan in 2023, a year-on-year decrease of 5.22%, and a net profit attributable to shareholders of 155 million yuan, down 13.86% year-on-year. However, in Q4 2023, the company saw significant improvements with a revenue of 262 million yuan, representing a year-on-year increase of 13.83% and a quarter-on-quarter increase of 12.50%. The net profit for Q4 2023 was 50 million yuan, up 69.74% year-on-year and 51.57% quarter-on-quarter [6]. - The company is the largest manufacturer of dense connection products globally and is focusing on expanding its product matrix to capitalize on opportunities in the AI sector. The company has made significant advancements in both passive and active optical components, with ongoing development of 800G optical modules [6]. - The establishment of a subsidiary in Vietnam aims to enhance overseas production capacity and supply chain resilience, which is expected to help the company attract new quality customers and expand market share [6]. - The forecast for net profit attributable to shareholders for 2024-2026 is 300 million, 448 million, and 543 million yuan, respectively, with corresponding PE multiples of 28, 19, and 15 times [6]. Summary by Sections Financial Performance - In 2023, the company reported total revenue of 885 million yuan, with a year-on-year decline of 5.22%. The net profit attributable to shareholders was 155 million yuan, down 13.86% year-on-year. The fourth quarter of 2023 showed a revenue of 262 million yuan, a year-on-year increase of 13.83% and a quarter-on-quarter increase of 12.50% [6][18]. - The comprehensive gross margin for 2023 was 29.40%, a decrease of 3.38 percentage points from 2022, primarily due to an increase in the proportion of revenue from the lower-margin domestic market [6]. Growth Prospects - The company is well-positioned to benefit from the growing demand for optical devices driven by AI developments. It continues to strengthen its competitive edge in the dense optical connection field and is advancing its product offerings in both passive and active optical components [6]. - The establishment of a subsidiary in Vietnam is expected to enhance production capacity and supply chain flexibility, which will help meet diverse overseas customer needs and improve customer retention [6]. Financial Forecast - The projected revenues for 2024, 2025, and 2026 are 1.71 billion, 2.37 billion, and 2.87 billion yuan, respectively, with growth rates of 93.29%, 38.32%, and 21.09% [18]. - The forecasted net profit for the same years is 300 million, 448 million, and 543 million yuan, with corresponding growth rates of 93.44%, 49.32%, and 21.18% [18].

证券代码：300570 证券简称：太辰光 公告编号：2024 -0 2 1 深圳太辰光通信股份有限公司 关于 2023 年度计提资产减值准备的公告 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。 深圳太辰光通信股份有限公司（以下简称"公司"）于 2024 年 3 月 27 日召开第五 届董事会第四次会议和第五届监事会第四次会议，审议通过了《关于 2023 年度计提资 产减值准备的议案》。根据《深圳证券交易所创业板股票上市规则》、《上市公司自律监 管指引第 2 号——创业板上市公司规范运作》等相关法律法规的规定，现将公司 2023 年度计提资产减值准备的具体情况公告如下： 一、计提信用与资产减值准备情况 （一）计提信用与资产减值准备的原因 根据减值测试结果，公司计提 2023 年度各项信用与资产减值准备共 计 22,765,186.20 元，计提 2023 年度信用与资产减值准备详情如下表： | 项目 | 本期发生额（单位：元） | | --- | --- | | 一、坏账准备 | 7,255,136.10 | | 二、存货跌价准备 | 15,512,957.8 ...