证券代码：300620 证券简称：光库科技 公告编号：2025-080 珠海光库科技股份有限公司 关于完成工商变更登记的公告 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。 珠海光库科技股份有限公司（以下简称"公司"）2025 年第一次临时股东大会 审议通过《关于修订<公司章程>及其附件并办理工商变更登记的议案》《关于补选 第四届董事会董事、选举法定代表人的议案》，第四届董事会第十八次会议审议通 过《关于聘任公司高级管理人员的议案》，具体内容详见公司刊载于巨潮资讯网 （www.cninfo.com.cn）的相关公告。 近日，公司就上述议案涉及《公司章程》、董事、高级管理人员以及法定代表 人备案事项已经工商核准登记完成，并取得珠海市市场监督管理局新核发的《登记 通知书》。新的工商登记具体信息如下： 统一社会信用代码：91440400725466481C 名称：珠海光库科技股份有限公司 法定代表人：曲志超 营业期限：2000 年 11 月 09 日至永久 经营范围：一般项目：光电子器件制造；光电子器件销售；集成电路芯片设计 及服务；集成电路芯片及产品制造；集成电路 ...

Core Viewpoint - Guangku Technology's stock price has shown significant volatility, with a year-to-date increase of 111.67% but a recent decline of 11.56% over the past five trading days [1] Group 1: Stock Performance - As of November 4, Guangku Technology's stock price was 102.66 CNY per share, with a market capitalization of 25.581 billion CNY [1] - The stock has experienced a 18.00% decline over the past 20 days, while it has increased by 101.45% over the past 60 days [1] - The company has appeared on the "Dragon and Tiger List" three times this year, with the most recent occurrence on September 22 [1] Group 2: Financial Performance - For the period from January to September 2025, Guangku Technology reported a revenue of 999.8 million CNY, representing a year-on-year growth of 35.11% [2] - The net profit attributable to shareholders for the same period was 115 million CNY, showing a substantial increase of 106.61% year-on-year [2] Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders for Guangku Technology was 56,000, an increase of 47.33% from the previous period [2] - The average number of circulating shares per shareholder decreased by 32.13% to 4,409 shares [2] - The top ten circulating shareholders include new entrants such as Zhonghang Opportunity Leading Mixed Fund and Debang Xinxing Value A [3]

Core Insights - The Optical Circuit Switch (OCS) technology enables direct optical signal switching, achieving nanosecond-level switching, low latency, and high energy efficiency, with significant market growth expected in the coming years [1][10][12] Industry Overview - OCS operates entirely in the optical domain, avoiding the delays and power consumption associated with optical-electrical-optical conversions, making it suitable for high-performance applications [2][3] - The OCS market is projected to exceed $2 billion globally by 2031, with China's market expected to surpass 2 billion yuan by 2025, driven by policy support and increasing computational demands [1][12] Technology Development - Three main technological routes for OCS are MEMS, DLC, and DLBS, with DLBS gaining traction due to its low loss and fast switching capabilities, making it a focus for major companies like Google [5][6] - The integration of OCS with other technologies such as CPO and SDN is becoming a core direction for enhancing performance and reducing latency [15] Policy Support - The Chinese government has introduced multiple policies to promote the development of OCS, establishing a comprehensive support system that includes planning, standardization, infrastructure development, and innovation support [6][8] Market Dynamics - The OCS industry chain in China is characterized by reliance on imported core components, intense competition in equipment integration, and explosive growth in application scenarios, particularly in data center interconnections [8][10] - The data center market in China is expected to reach 318 billion yuan by 2025, with OCS playing a crucial role in enhancing energy efficiency and performance [10][12] Competitive Landscape - The competitive landscape of the OCS industry in China is stratified, with leading companies like Huawei and ZTE dominating the high-end market, while other firms focus on AI data centers and international markets [13][14] Future Trends - The OCS industry is expected to evolve along the lines of technology integration, ecosystem standardization, and expansion into various application scenarios, including industrial internet and smart grids [15][16][17]

Group 1 - The quantum technology sector continues to attract market attention, with significant net buying amounts reported for various stocks [1] - Nine quantum technology stocks have net buying amounts exceeding 1 billion yuan, with the top five being Zhongxing Communications (20.4 billion yuan), Western Superconducting (10.29 billion yuan), Guodun Quantum (6.88 billion yuan), AVIC Optoelectronics (5.92 billion yuan), and iFlytek (5.7 billion yuan) [1] - A total of 17 quantum technology stocks reported net profits exceeding 100 million yuan for the first three quarters of 2025, with stable year-on-year growth [1] Group 2 - Guangku Technology achieved a remarkable profit growth of 106.61% year-on-year, marking a doubling of its net profit [1] - Zhizhi New Materials, Jinghe Integration, and Zhejiang Dongfang followed closely, each reporting over 95% year-on-year profit growth [1]

Market Overview - The CPO concept has experienced a collective pullback for the second consecutive day, with notable declines in several companies including Tianfu Communication, which fell over 4%, and others like Guangku Technology, Dekeli, Xinyi Sheng, Lian Te Technology, Zhongji Xuchuang, and Changfei Fiber, all dropping over 3% [1]. Company Performance - Zhongji Xuchuang reported Q3 2025 revenue of 10.216 billion, a year-on-year increase of 56.83%, and a net profit of 3.137 billion, up 124.98% year-on-year. For the first three quarters, revenue reached 25.005 billion, growing 44.43%, with net profit at 7.132 billion, a 90.05% increase [2]. - Xinyi Sheng disclosed Q3 2025 revenue of 6.068 billion, marking a year-on-year growth of 152.53%, but a quarter-on-quarter decline of 5%. The net profit was 2.385 billion, up 205.38% year-on-year, with a slight quarter-on-quarter increase of 0.63%. For the first three quarters, revenue totaled 16.505 billion, a 221.70% increase, and net profit was 6.327 billion, up 284.37% [3]. Analyst Insights - Citigroup noted that Xinyi Sheng's Q3 net profit fell short of investor expectations, predicting a negative market reaction. However, this may be a one-time event, with expectations for significant net profit growth in Q4 due to the delivery of 1.6T product orders and the recognition of delayed order revenues. Citigroup maintains a buy rating on the stock [3].

Core Viewpoint - Guangku Technology is a leading manufacturer of optoelectronic devices, focusing on the research and production of optical fiber devices, with a full industry chain advantage [1] Financial Performance - In Q3 2025, Guangku Technology reported revenue of 998 million yuan, ranking 22nd in the industry, with the top competitor, ZTE Corporation, generating 100.52 billion yuan [2] - The company's net profit for the same period was 111 million yuan, ranking 16th in the industry, with the leading competitor, Zhongji Xuchuang, achieving a net profit of 7.57 billion yuan [2] - The main business segments include optical communication devices (280 million yuan, 46.91%), fiber laser devices (254 million yuan, 42.54%), and lidar light source modules (51.78 million yuan, 8.68%) [2] Profitability and Debt Ratios - As of Q3 2025, Guangku Technology's debt-to-asset ratio was 41.03%, up from 29.36% year-on-year, exceeding the industry average of 38.12% [3] - The gross profit margin for the same period was 32.41%, down from 35.88% year-on-year, but still above the industry average of 30.08% [3] Management and Shareholder Structure - The total compensation for General Manager Wang Xinglong was 1.5869 million yuan in 2024, an increase of 225,700 yuan from 2023 [4] - The controlling shareholder is Zhuhai Huafa Technology Industry Group Co., Ltd., with the actual controller being the Zhuhai Municipal Government State-owned Assets Supervision and Administration Commission [4] Shareholder Dynamics - As of September 30, 2025, the number of A-share shareholders increased by 47.33% to 56,000, while the average number of shares held per shareholder decreased by 32.13% to 4,409.25 [5] - New significant shareholders include China Aviation Opportunity Pioneer Mixed Fund and Debon Xinxing Value A, while several ETFs exited the top ten shareholders list [5] Growth Prospects - According to Minsheng Securities, Guangku Technology's Q3 2025 revenue grew by 26.53% year-on-year, driven by increased demand from AI data centers [6] - The company plans to acquire 100% of Wuhan Jiepu, which is expected to enhance product synergy [6] - Revenue projections for 2025 to 2027 are 1.337 billion yuan, 1.730 billion yuan, and 2.235 billion yuan, with net profits of 115 million yuan, 165 million yuan, and 224 million yuan respectively [6]

Core Viewpoint - The report highlights the strong financial performance of several optical module companies in their third-quarter results, indicating significant growth in net profits for key players in the industry [1]. Group 1: Company Performance - Zhongji Xuchuang reported a third-quarter net profit of 3.137 billion yuan, representing a quarter-on-quarter increase of 30.06% [1]. - Xinyi Technology achieved a net profit of 6.327 billion yuan in the first three quarters, marking a year-on-year growth of 284.37% [1]. - Shijia Photon recorded a net profit of 300 million yuan for the first three quarters, with a remarkable year-on-year increase of 727.74% [1]. Group 2: Industry Overview - Multiple optical module companies, including Zhongji Xuchuang, Xinyi Technology, and Shijia Photon, have disclosed their third-quarter reports, showcasing robust financial results [1]. - The overall performance of the optical module sector appears to be strong, with significant profit growth across various companies [1].

Core Viewpoint - The optical module (CPO) index experienced a decline of 3% during intraday trading, with most constituent stocks showing a downward trend [1] Group 1: Stock Performance - Tianfu Communication saw a significant drop of 10.98% [1] - Dekoli, New Yisheng, Guangku Technology, and Tongyu Communication also reported declines of 8.92%, 6.42%, 5.27%, and 4.48% respectively [1]

Group 1 - The core viewpoint of the news is that Guangku Technology's stock has seen a significant increase of 5.09%, reaching a price of 121.99 yuan per share, with a trading volume of 863 million yuan and a turnover rate of 2.92%, resulting in a total market capitalization of 30.398 billion yuan [1] - Guangku Technology, established on November 9, 2000, and listed on March 10, 2017, is primarily engaged in the design, research and development, production, sales, and service of optical fiber devices, as well as non-residential real estate leasing and import-export agency [1] - The company's main business revenue composition includes optical communication devices at 46.91%, fiber laser devices at 42.54%, LiDAR light source modules and devices at 8.68%, and others at 1.87% [1] Group 2 - Debon Fund's Debon Xinxing Value A (001412) has entered the top ten circulating shareholders of Guangku Technology, holding 1.3773 million shares, which accounts for 0.56% of the circulating shares, with an estimated floating profit of approximately 8.1398 million yuan [2] - Debon Xinxing Value A was established on June 19, 2015, with a latest scale of 1.835 billion yuan, achieving a year-to-date return of 119.91%, ranking 25th out of 8155 in its category, and a one-year return of 136.82%, ranking 11th out of 8031 [2] Group 3 - The fund managers of Debon Xinxing Value A are Lei Tao and Lu Yang, with Lei Tao having a cumulative tenure of 3 years and 307 days, managing a total fund size of 13.49 billion yuan, achieving a best fund return of 275.21% during his tenure [3] - Lu Yang has a cumulative tenure of 2 years and 6 days, managing a total fund size of 10.935 billion yuan, with a best fund return of 275.21% during his tenure [3]

Core Insights - As of October 27, 12 listed companies in the A-share CPO (Co-packaged Optics) sector have disclosed their Q3 2025 reports, with 9 optical module companies, including Henan Shijia Photon Technology Co., Ltd. and Jiangsu Yongding Co., Ltd., reporting an increase in net profit attributable to shareholders in the first three quarters [1] Financial Performance - Several listed companies reported a net profit growth exceeding 100% in the first three quarters. For instance, Shijia Photon achieved a net profit of 300 million yuan, representing a year-on-year increase of 727.74% [1] - Yongding Co. reported a net profit of 329 million yuan, with a year-on-year growth of 474.30% [1] - Zhuhai Guangku Technology Co., Ltd. recorded a net profit of 115 million yuan, marking a year-on-year increase of 106.61% [1] Growth Drivers - The significant performance growth is primarily attributed to the rising demand for AI computing power and an increase in the shipment volume of optical module products, as noted by multiple companies in their financial reports [1]