证券代码：30 0 570 证券简称：太辰光 公告编号：2 0 2 5-01 6 深圳太辰光通信股份有限公司 2、网络投票时间： （1）通过深圳证券交易所交易系统投票的时间为2025年4月25日9:15~9:25， 9:30~11:30 和13:00~15:00； 一、会议基本情况 （一）会议名称：2024年度股东大会 （二）会议召集人：公司董事会 （三）会议召开的合法、合规性：会议召开符合《公司法》《上市公司股 东大会规则》等有关法律、法规、规章、规范性文件和《公司章程》《股东大 会议事规则》等制度的规定。 （四）会议召开时间： 1、现场会议召开时间：2025年4月25日14:30（星期五） 关于召开 2024 年度股东大会的通知 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"）第五届董事会第 八次会议决定于 2025 年 4 月 25 日 14:30 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 2024 年度股东大会，会议召开情况如下： （2）通过深圳证券交易所互联网投票系统（http://wl ...

证券代码：300570 证券简称：太辰光 公告编号：2 0 2 5-006 深圳太辰光通信股份有限公司 第五届监事会第八次会议决议公告 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 2025 年 3 月 27 日在公司 办公楼 8 楼会议室召开了第五届监事会第八次会议。会议通知等资料于 2025 年 3 月 17 日以电子邮件或者直接送达方式送达全体监事。本次会议采取现场方式 召开，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。本次会 议的召开和表决程序符合《公司法》及《公司章程》的规定，合法有效。 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 年度监事会工作报告》 表决结果： 3 票赞成； 0 票反对； 0 票弃权。 本议案尚需提交公司 2024 年度股东大会审议。 《公司 2024 年 度 监 事 会 工 作 报 告 》 详 见 巨 潮 资 讯 网 （http://www.cninfo.com.cn）。 表决结果： 3 ...

证券代码：30 05 7 0 证券简称：太辰光 公告编号：2 0 25-005 深圳太辰光通信股份有限公司 第五届董事会第八次会议决议公告 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 2025 年 3 月 27 日以 现场结合通讯方式召开了第五届董事会第八次会议。会议通知及会议资料于 2025 年 3 月 17 日以电子邮件或者直接送达方式送达全体董事、监事及高级管理 人员。本次会议应到董事 9 名，亲自出席董事 9 名，其中董事张映华女士、李彦 毅先生、喻子达先生以通讯方式出席本次会议。公司高级管理人员、监事列席了 本次会议，会议由董事长张致民先生主持。本次会议的召开和表决程序符合《公 司法》等法律、法规以及《公司章程》的规定，合法有效。 经全体董事审议，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 年度总经理工作报告》 表决结果： 9 票赞成： 0 票反对； 0 票弃权。 二、审议通过《公司 2024 年度董事会工作报告》 公司 2024 年度任职的独立 ...

证券代码：300570 证券简称：太辰光 公告编号：2 0 2 5-0 0 9 深圳太辰光通信股份有限公司 关于 2024 年度利润分配预案的公告 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。 二、2024 年度利润分配预案基本情况 本次利润分配预案为 2024 年度利润分配。 根据《中华人民共和国公司法》《公司章程》等的规定，公司不存在 需要弥补亏损、提取任意公积金的情况。 根据容诚会计师事务所（特殊普通合伙）出具的标准无保留意见的《审 计报告》（容诚审字[2025]518Z0001 号），2024 年度公司实现归属于上市 公司股东的净利润 261,256,705.96 元。截至 2024 年末，合并报表累计未 分配利润 725,281,096.58 元，母公司累计未分配利润为 763,953,334.11 元。 根据《上市公司自律监管指引第 2 号——创业板上市公司规范运作》等规 定，按照合并报表和母公司报表中可供分配利润孰低的原则，截至 2024 年 12 月 31 日，公司可供股东分配的净利润为 725,281,096.58 元。 依据《公司法》《公 ...

Financial Performance - The company's operating revenue for 2024 reached ¥1,377,818,293.49, representing a 55.73% increase compared to ¥884,775,629.78 in 2023[17] - Net profit attributable to shareholders for 2024 was ¥261,256,705.96, up 68.46% from ¥155,089,901.82 in the previous year[17] - The net profit after deducting non-recurring gains and losses was ¥249,566,970.36, an increase of 82.67% from ¥136,620,397.06 in 2023[17] - The basic earnings per share for 2024 was ¥1.15, a 66.67% increase from ¥0.69 in 2023[17] - Total assets at the end of 2024 amounted to ¥1,993,945,838.35, reflecting an 18.88% increase from ¥1,677,341,304.35 at the end of 2023[17] - The company's net assets attributable to shareholders increased by 13.07% to ¥1,542,611,036.89 at the end of 2024, compared to ¥1,364,317,850.75 in 2023[17] - Cash flow from operating activities for 2024 was ¥183,708,376.46, a 59.75% increase from ¥114,997,202.58 in 2023[17] - The weighted average return on equity for 2024 was 17.88%, up from 11.60% in 2023, indicating improved profitability[17] Market and Industry Insights - The optical communication industry is experiencing rapid growth driven by increasing global computing power demand and advancements in AI technology[26] - The company is a leading manufacturer of high-density optical connection products, holding a significant market share in the optical device sector[28] - The industry is supported by government policies aimed at enhancing digital infrastructure and promoting the integration of digital technology with the real economy[26] - The optical communication industry is experiencing robust growth, driven by the AI technology revolution and the demand for high-end products in data centers[69] - The integration of optical communication into diverse scenarios such as 5G/6G networks, industrial internet, and smart cities is expanding the industry's reach[69] Research and Development - The company has a strong position in the mid-to-high-end market, focusing on product R&D, technology upgrades, and quality assurance[28] - The company maintains a strong R&D model, primarily relying on independent research and development, supported by a professional technical team and cross-departmental project teams[30] - The company is advancing multiple R&D projects, including high-density optical interconnect products and new optical modules, to enhance competitive advantage[50] - The company is actively engaging in the development of cutting-edge technologies to meet the challenges and opportunities presented by global computing network upgrades[26] - The company has established a "Guangdong Optical Fiber Sensing (Taicheng Light) Engineering Technology Research Center" to enhance its research capabilities in optical sensing products[30] Production and Sales - The company reported a production capacity of 270,700 units for optical devices, with an output of 256,320 units and sales of 241,010 units, generating revenue of 1,320,590,000 CNY and a gross margin of 34.47% during the reporting period[31] - The revenue from the previous year for optical devices was 830,230,000 CNY with a gross margin of 29.75%, indicating a significant year-over-year growth in both revenue and profitability[31] - Domestic sales amounted to 298 million yuan, a 41.19% increase year-on-year, while international sales reached 1.080 billion yuan, growing by 60.28%[40] - The company is actively expanding its market presence and enhancing its product competitiveness through continuous R&D investment and timely product upgrades[35] Employee Engagement and Governance - The company has implemented a 2024 employee stock ownership plan to enhance employee engagement and align incentives with company performance[32] - The company has a training plan aimed at enhancing employee performance through various training methods, including pre-job training, on-the-job training, and external training[118] - The company employs a salary policy based on position, ability, and performance, encouraging continuous improvement and contribution from employees[117] - The company has a high level of shareholder engagement, conducting two shareholder meetings in the reporting period to ensure transparency and uphold shareholder rights[82] - The board of directors consists of 9 members, including 3 independent directors, and held 5 meetings during the reporting period[83] Financial Management and Compliance - The company has established a robust internal control system, ensuring compliance and operational safety through independent oversight[71] - The company is committed to maintaining compliance with regulatory requirements, ensuring all financial disclosures are accurate and timely[148] - The audit report issued a standard unqualified opinion, confirming that the financial statements fairly reflect the company's financial position as of December 31, 2024[194] - The company has not reported any significant changes in accounting policies or estimates during the reporting period[150] - The company has not engaged in any high-risk financial management that could lead to potential impairment[166] Future Outlook and Strategic Initiatives - The company plans to distribute a cash dividend of ¥8 per 10 shares, based on a total of 227,126,867 shares[4] - The company is actively pursuing AI technology opportunities and has implemented a multi-channel marketing strategy to boost market recognition[36] - The company aims to expand its market presence by developing new customers and optimizing its customer structure, particularly focusing on AI-related demand[74] - The company plans to enhance production capacity for products such as ceramic inserts, MT connectors, and active devices, while completing the setup of its Vietnam factory to begin normal operations[73] - The company is considering strategic acquisitions to bolster its market position, with a budget of 500 million yuan allocated for potential deals[104]

Investment Rating - Maintain "Buy" rating for the industry [4] Core Viewpoints - The market has underestimated the explosive potential of innovative connection solutions in optical communication, particularly with the increasing demand for MPO and shuffle box in complex interconnections [1][21] - The transition from 400G to higher speeds like 800G and 1.6T in optical modules is becoming a consensus, creating new opportunities for passive connection devices [3][24] - The report emphasizes the importance of high-density, high-speed, and low-power solutions in the context of growing computing clusters, which will drive innovation in passive products [24] Summary by Sections Investment Strategy - Focus on the undervalued high-speed optical interconnect sector, recommending "Two Big and Four Small" companies: Tianfu Communication, Sanhuan Group, and smaller firms like Taicheng Light, Shijia Photon, Bochuang Technology, and Zhishang Technology [7][13][24] Market Review - The communication sector has seen an increase, with the blockchain segment performing the best [18][19] - The report notes significant stock movements, with Guomai Technology leading the sector with a 46.586% increase [20] Weekly Topic - The upcoming GTC and OFC events are expected to highlight new technologies in optical communication, with a focus on the demand for more compact and efficient solutions [1][21] Key Recommendations - The report suggests monitoring developments in optical modules and passive connection devices, as these areas are poised for growth due to technological advancements and market demand [24][26]

深圳太辰光通信股份有限公司 关于 2024 年员工持股计划第一个锁定期届满的提示性公告 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。 证券代码：300570 证券简称：太辰光 公告编号：2 0 2 5-00 4 一、本员工持股计划持股情况和锁定期 本员工持股计划的股份来源为公司回购专用账户回购的太辰光 A 股普通股股票。 2024 年 3 月 15 日，公司在巨潮资讯网（www.cninfo.com.cn）披露了《关于 2024 年员 工持股计划非交易过户完成的公告》（公告编号：2024-013），公司收到中国证券登记 结算有限责任公司深圳分公司下发的《证券过户登记确认书》，"深圳太辰光通信股 份有限公司回购专用证券账户"所持有的 180.00 万股公司股票已于 2024 年 3 月 14 日 非交易过户至"深圳太辰光通信股份有限公司－2024 年员工持股计划"，过户股份数 量占公司当时总股本 22,999.68 万股的 0.7826%，过户价格为 16.95 元/股。 依据《公司 2024 年员工持股计划（草案）》，本持股计划的存续期为 36 个月，所 获 ...

Investment Rating - The report maintains an "Outperform" rating for the telecommunications industry, indicating an expected performance exceeding the benchmark index by more than 10% [1][38]. Core Insights - The launch of the AI agent platform Manus signifies a maturation of intelligent agent capabilities, with significant market interest and a rapid increase in computational token consumption [4][11]. - Manus is designed to integrate various capabilities, including planning, tool usage, and memory, which are essential for executing complex tasks and will lead to a substantial increase in computational demand [4][12]. - The report emphasizes that the domestic computational power sector is currently the largest investment theme, with recommendations to focus on companies benefiting from capital expenditures by CSPs and operators [5][13]. Summary by Sections Industry Investment Rating - The telecommunications industry is rated as "Outperform" with expectations of exceeding the benchmark index by over 10% [1][38]. Market Performance - The overall market saw an increase during the week of March 3 to March 9, 2025, with the Shenwan Communications Index rising by 2.81% and the STAR Market Index increasing by 2.67% [6][14]. Key Developments - The Manus AI platform has been released, showcasing advanced capabilities in handling various tasks, which has garnered significant attention in the market [4][11]. - The report highlights that the introduction of Manus will lead to a dramatic increase in the consumption of computational tokens, with a single task running cost estimated at approximately $2, significantly lower than previous models [4][12]. Investment Recommendations - The report suggests focusing on domestic computational power, particularly in sectors such as servers, switches, optical modules, and IDC infrastructure, which are expected to benefit from increased capital expenditures [5][13]. - It also recommends monitoring overseas computational sectors for innovations in NV technology and ASIC capital expenditures, especially with upcoming events like GTC2025 [5][14]. - Attention is drawn to edge AI applications, particularly in IoT modules and edge computing, as they align with privacy compliance requirements [5][14]. Notable Companies to Watch - Domestic computational power: Unisplendour, Ruijie Networks, Guangxun Technology, Huagong Technology, Guanghuan New Network, Aofei Data, Chaoxun Communication, Langwei Co [5][15]. - Overseas computational power: NewEase, Tianfu Communication, Zhongji Xuchuang, Taicheng Light, Guangku Technology, Dingtong Technology, Wolong Nuclear Materials [5][15]. - Edge AI: Guanghetong, Yiyuan Communication, Meige Intelligent, Yuntian Leifeng, Yinghantong, Tianzhun Technology, Heertai, Tuobang Co [5][15].

Investment Rating - The report maintains an "Outperform" rating for the communication industry [5][6]. Core Insights - The government work report for 2025 emphasizes commercial aerospace as a leading emerging industry, shifting from "encouraging exploration" to "scale and standardized implementation," highlighting its core position in the national modernization industrial system [1][15]. - Manus, a Chinese startup, launched the world's first general-purpose AI agent, which can assist in various applications beyond stock analysis, marking a significant advancement in AI capabilities [2][12]. - The 2025 Mobile World Congress (MWC) showcased innovations in 5G-A technology from Huawei and ZTE, which are expected to accelerate technological progress and the adoption of AI terminals [3][32]. Summary by Sections Commercial Aerospace - The 2025 government work report prioritizes commercial aerospace, indicating a qualitative breakthrough in key technologies, market applications, and industrial ecology, which will inject new momentum into economic development [15][19]. - Various provinces, including Beijing, Shanghai, and Chongqing, are implementing special support policies for commercial aerospace, which is expected to enhance industrial cluster development [19][20]. AI Development - Manus's AI agent can perform tasks autonomously, utilizing a multi-agent architecture to simulate human workflows, and has achieved state-of-the-art performance in benchmark tests [2][10]. - The AI agent trend is becoming mainstream, with major tech companies accelerating their development, indicating a shift towards a more integrated AI application ecosystem [14][37]. 5G-A Innovations - Huawei's AI-Centric 5.5G solutions and ZTE's new 5G-A products were highlighted at MWC 2025, showcasing the integration of AI with 5G technology to enhance user experience and operational efficiency [23][24]. - The report notes that the communication sector index rose by 2.81%, outperforming the broader market, with specific sectors like military information technology and satellite internet showing strong performance [38][40]. Investment Recommendations - The report suggests focusing on companies benefiting from AI development, such as ZTE and Unisplendour, and highlights the high dividend potential of major telecom operators like China Mobile and China Telecom [43][44].