Industry Overview - The Chinese optical communication industry is experiencing historic development opportunities driven by artificial intelligence, computing power networks, and the digital economy [1] - The market size of China's optical communication is expected to exceed 175 billion yuan by 2025, with a compound annual growth rate of 12%, accounting for over 50% of the global market share [1] Company Performance - Zhongji Xuchuang is projected to achieve a revenue of 23.861 billion yuan in 2024, a year-on-year increase of 122.63%, and a net profit of 5.171 billion yuan, up 137.9% [1] - Tianfu Communication is expected to realize a net profit of 1.256 billion to 1.401 billion yuan in 2024, representing a growth of 72% to 92% [1] - Xinyi Sheng is forecasted to achieve a net profit of 2.830 billion yuan in 2024, a significant increase of 311% [1] - Guangku Technology anticipates a net profit of 66.983 million yuan in 2024, reflecting a year-on-year growth of 12.32% [2] Technological Advancements - The optical communication industry has entered a technology iteration cycle centered on computing power demand, with 800G/1.6T optical modules and CPO technology expected to reshape the competitive landscape [2] - CPO (Co-Packaged Optics) and OIO (Optical Interconnect) technologies are projected to open new market opportunities, with the CPO market potentially reaching 19.2 billion USD and the OIO market potentially reaching 69.1 billion USD under neutral assumptions [2]

Group 1 - Company Instech reported a net profit of 177 million yuan for 2024, a year-on-year increase of 28.15%, with a proposed cash dividend of 1.20 yuan per 10 shares [1] - Instech achieved an operating revenue of 1.185 billion yuan in 2024, representing a year-on-year growth of 24.45% [1] - The company specializes in the research, production, and sales of rare earth permanent magnet materials and applications [2] Group 2 - Company Junda reported a net loss of 106 million yuan for Q1 2025, transitioning from profit to loss, with a year-on-year revenue decline of 49.52% [3] - Junda's operating revenue for Q1 2025 was 1.875 billion yuan [3] - The company focuses on the research, production, and sales of photovoltaic cell products [4] Group 3 - Company Annada reported a net loss of 10.26 million yuan for Q1 2025, with a year-on-year revenue increase of 1.44% [5] - Annada's operating revenue for Q1 2025 was 473 million yuan [5] - The company specializes in titanium dioxide and iron phosphate products [6] Group 4 - Company Jiuzhou Pharmaceutical reported a net profit of 250 million yuan for Q1 2025, a year-on-year increase of 5.68% [7] - Jiuzhou's operating revenue for Q1 2025 was 1.49 billion yuan, reflecting a year-on-year growth of 0.98% [7] - The company provides custom research and production services for pharmaceutical companies and research institutions [8] Group 5 - Company Yitong Century won a 1.48 billion yuan contract for a 5G comprehensive maintenance project with Guangdong Unicom [9] - The project will enhance the company's business volume and expansion in Guangdong [9] - Yitong Century specializes in communication network technology services and solutions [10] Group 6 - Company Rijiu Optoelectronics reported a net profit of 67.47 million yuan for 2024, a year-on-year increase of 506.9%, with a proposed cash dividend of 2.00 yuan per 10 shares [10] - Rijiu's operating revenue for 2024 was 583 million yuan, representing a year-on-year growth of 22% [10] - The company focuses on the research, production, and sales of touch display application materials [11] Group 7 - Company Ruotong reported a net profit of 95.98 million yuan for 2024, a year-on-year increase of 0.91%, with a proposed cash dividend of 2.00 yuan per 10 shares [12] - Ruotong's operating revenue for 2024 was 408 million yuan, reflecting a year-on-year growth of 7.54% [12] - The company specializes in drilling and completion equipment for oil and gas [13] Group 8 - Company Shuangxiang reported a net profit of 472 million yuan for 2024, a year-on-year increase of 754.84%, with a proposed cash dividend of 1.50 yuan per 10 shares [14] - Shuangxiang's operating revenue for 2024 was 2.29 billion yuan, representing a year-on-year growth of 51.55% [14] - The company focuses on synthetic leather and optical-grade PMMA products [15] Group 9 - Company Xinfang Pharmaceutical reported a net profit of 101 million yuan for 2024, a year-on-year decrease of 64.70%, with a proposed cash dividend of 0.30 yuan per 10 shares [16] - Xinfang's operating revenue for 2024 was 6.032 billion yuan, reflecting a year-on-year decline of 6.63% [16] - The company is involved in medical services, pharmaceutical distribution, and manufacturing [17] Group 10 - Company Dongxing Medical reported a net profit of 97.42 million yuan for 2024, a year-on-year increase of 0.21%, with a proposed cash dividend of 6.00 yuan per 10 shares [18] - Dongxing's operating revenue for 2024 was 435 million yuan, reflecting a year-on-year growth of 0.40% [18] - The company specializes in surgical medical devices [19] Group 11 - Company Wuzhou Special Paper reported a net profit of 64.68 million yuan for Q1 2025, a year-on-year decrease of 51.56%, with an operating revenue of 1.989 billion yuan [20] - Wuzhou's operating revenue for Q1 2025 increased by 15.21% [20] - The company focuses on the research, production, and sales of mechanism paper and pulp [21] Group 12 - Company Jinrui Mining expects a net profit of 15.28 million yuan for Q1 2025, a year-on-year increase of 617.40% [22] - The company specializes in the production and sales of strontium salt products [23] Group 13 - Company Youyan New Materials expects a net profit of 60 million to 75 million yuan for Q1 2025, a year-on-year increase of 13076% to 16370% [24] - The company focuses on electronic films, precious metal materials, and rare earth materials [25] Group 14 - Company Guoli expects a net profit of 11 million to 13 million yuan for Q1 2025, a year-on-year increase of 164.38% to 212.45% [26] - The company specializes in urban infrastructure design, construction, and investment [27] Group 15 - Company Shenzhen Airport reported a passenger throughput of 5.5422 million in March, a year-on-year increase of 8.70% [28] - The airport's cargo throughput was 171,900 tons, reflecting a year-on-year growth of 14.51% [28] - The company is involved in aviation and related non-aviation businesses [29] Group 16 - Company Shenghui Integration reported an order balance of 2.117 billion yuan as of March 31, 2025, a year-on-year increase of 11.89% [30] - The company provides cleanroom engineering and electromechanical engineering services [31] Group 17 - Company Chengyi Pharmaceutical received a drug registration certificate for Mercaptopurine tablets [32] - The drug is applicable for various diseases including choriocarcinoma and acute lymphoblastic leukemia [32] Group 18 - Company Enhua Pharmaceutical initiated Phase I clinical trials for NH280105 capsules, targeting Alzheimer's disease [33] - The trial aims to assess the safety and pharmacokinetics of the drug [33] Group 19 - Company Lingang Steel proposed a share buyback of 50 million to 100 million yuan [34] - The company specializes in the production and development of metallurgical products [35] Group 20 - Company Fujia plans to repurchase shares worth 15 million to 30 million yuan [36] - The company focuses on smart cleaning appliances and key components [37] Group 21 - Company Mould Technology received a project designation letter for exterior parts from a luxury car client, with an estimated total sales of 2.07 billion yuan [38] - The project is expected to start mass production in April 2027 [38] Group 22 - Company Longxin General expects a net profit of 4.55 billion to 5.30 billion yuan for Q1 2025, a year-on-year increase of 76.65% to 105.77% [39] - The company specializes in motorcycles, engines, and general machinery products [40] Group 23 - Company Dongfang Securities reported a net profit of 1.436 billion yuan for Q1 2025, a year-on-year increase of 62.08% [41] - The company focuses on investment management and securities trading [42] Group 24 - Company Yalian Machinery plans to use up to 800 million yuan of idle funds for low-risk financial products [43] - The company specializes in the production of engineered wood production lines and equipment [44] Group 25 - Company Guanghua Technology reported a net loss of 205 million yuan for 2024, with total revenue of 2.589 billion yuan [45] - The company focuses on PCB chemicals and lithium battery materials [46] Group 26 - Company Boya Biotechnology plans to publicly transfer 80% of its subsidiary's equity for 213 million yuan [47] - The transaction aims to optimize resource allocation focusing on blood products [48] Group 27 - Company Darui Electronics plans to repurchase shares worth 30 million to 50 million yuan [49] - The company specializes in customized components and automation equipment [50] Group 28 - Company Hongying Intelligent plans to repurchase shares worth 30 million to 40 million yuan [51] - The company focuses on smart control products and assemblies [52] Group 29 - Company Guangku Technology announced a change in the upper shareholding structure of its controlling shareholder [53] - The operational activities of the company will not be materially affected [54] Group 30 - Company Dingjie Smart's application for convertible bond issuance has been accepted by the Shenzhen Stock Exchange [55] - The company provides digital and intelligent solutions for various industries [56]

关于珠海光库科技股份有限公司 2024 年度持续督导定期现场检查报告 | 保荐人名称：中信证券股份有限公司 被保荐公司简称：光库科技 | | | --- | --- | | （以下简称"中信证券"或"保荐人"） | | | 保荐代表人姓名：胡彦威 联系电话：020-32258106 | | | 保荐代表人姓名：黄子真 联系电话：020-32258106 | | | 现场检查人员姓名：胡彦威、杨鑫鹏 | | | 年 月 日至 年 月 日 现场检查对应期间：2024 3 26 2024 12 31 | | | 现场检查时间：2025 年 3 月 24 日至 2025 年 3 月 28 日 | | | 一、现场检查事项 现场检查意见 | | | （一）公司治理 是 否 | 不适用 | | 现场检查手段： | | | 查阅了上市公司最新章程、三会议事规则及会议材料，取得上市公司董事、监事、 | | | 高级管理人员名单及其变化情况，取得上市公司关联方清单，查阅关于公司控股 | | | 股东、实际控制人、董事、监事、高级管理人员的信息披露文件及相关变更决策 | | | 文件，查看上市公司生产经营场所，对公司高级管理人员 ...

证券代码：300620 证券简称：光库科技 公告编号：2025-028 珠海光库科技股份有限公司 关于举行 2024 年度业绩网上说明会的公告 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"）已于2025年3月29日披露了2024 年年度报告及其摘要。为便于广大投资者更全面了解公司的经营情况，公司将于 2025年4月18日（星期五）下午15:00-16:00举行2024年度业绩说明会，本次业绩说明 会将采用网络远程方式举行。现将有关事项说明如下： 一、投资者可以通过以下两种方式参与：（1）登录同花顺路演平台，进入直播 间https://board.10jqka.com.cn/rs/pc/detail?roadshowId=1010469 进行提问；（2）使用同 花顺手机炒股软件扫描下方二维码进入路演直播间进行提问互动交流。 二、出席本次说明会的人员有：联席董事长、总经理Wang Xinglong先生；副总 经理吉贵军先生；独立董事刘成昆先生；副总经理、董事会秘书吴炜先生；财务总 监姚韵莉女士；保荐代表人胡彦威先生。 ...

中信证券股份有限公司 关于珠海光库科技股份有限公司 2024年度跟踪报告 | 保荐人名称：中信证券股份有限公司 | 被保荐公司简称：光库科技 | | --- | --- | | 保荐代表人姓名：黄子真 | 联系电话：020-32258106 | | 保荐代表人姓名：胡彦威 | 联系电话：020-32258106 | 一、保荐工作概述 | | 者关系登记表，深圳证券交易所互动易 | 整改报告，并按照整改承诺购回了此次违 | | --- | --- | --- | | | 网站披露信息，重大信息的传递披露流 | 规减持的10,000股公司股票，违规减持与 | | | 程文件，内幕信息管理和知情人登记管 | 回购股份的差额部分收益归公司所有。 | | | 理情况，信息披露管理制度，检索公司 | 2024年4月9日，保荐人就上市公司股份减 | | | 舆情报道，对高级管理人员进行访谈， | 持、短线交易和内幕交易等相关规定对公 | | | 未发现公司在信息披露方面存在重大问 | 司董事、监事、高级管理人员和中层以上 | | | 题。 | 管理人员进行了培训。 | | | HE ZAIXIN先生在任职期间通过深圳证 | ...

Group 1: Company Performance - Guanghua Technology expects a net profit growth of 479% to 637% year-on-year for Q1 2025, with an estimated profit of 22 million to 28 million yuan, driven by business expansion in specialized chemicals and cost reduction measures [1] - China Pacific Insurance anticipates a net profit increase of 30% to 50% year-on-year for Q1 2025, projecting a profit of 11.652 billion to 13.445 billion yuan, attributed to improved business quality and significant investment performance [2] - Zhenyu Technology forecasts a net profit growth of 31.54% to 42.97% year-on-year for Q1 2025, estimating a profit of 69 million to 75 million yuan, supported by increased sales orders and enhanced production automation [7] - Chuangjiang New Materials expects a net profit increase of 26.74% to 46.24% year-on-year for Q1 2025, with an estimated profit of 130 million to 150 million yuan, driven by stable growth in production and sales [8] Group 2: Corporate Actions - Xinlaifu plans to acquire 100% equity of Guangzhou Jinnan Magnetic Materials, leading to a significant asset restructuring, with trading suspended from April 14, 2025 [2] - Jiangling Motors intends to repurchase A-shares worth 150 million to 200 million yuan for employee stock ownership plans or equity incentives [5] - Yingfeite plans to repurchase shares worth 50 million to 100 million yuan for employee stock ownership or equity incentive plans [6] - Guanghua Technology's major shareholder is undergoing a change in its upper equity structure, but the actual controller remains the Zhuhai State-owned Assets Supervision and Administration Commission [4] Group 3: Regulatory Approvals - Hengrui Medicine received approval for clinical trials of its new drug HRS-9190, which is intended for use during anesthesia induction and maintenance [9]

证券代码：300620 证券简称：光库科技 公告编号：2025-027 珠海光库科技股份有限公司 关于控股股东上层股权结构拟发生变动的提示性公告 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。 本次组建完成后，珠海科技集团将成为华发科技的股东。华发科技仍为本公司 控股股东，珠海市国资委仍为本公司实际控制人。 二、对公司的影响 本次专业化整合系本公司控股股东的股权结构变化。整合后，本公司控股股东 和实际控制人均未发生变化，不会对本公司的经营和生产活动产生实质性影响。 三、风险提示 重要内容提示： 本次股权结构变动完成后，珠海华发科技产业集团有限公司（以下简称"华发 科技"）仍为本公司控股股东，珠海市人民政府国有资产监督管理委员会（以下简 称"珠海市国资委"）仍为本公司实际控制人。本公司控股股东与实际控制人未发 生变化。 2025 年 4 月 11 日，珠海光库科技股份有限公司（以下简称"公司"或"本公 司"）接到公司控股股东华发科技通知，其上层股权结构拟发生变动。现将相关情 况公告如下： 一、公司控股股东上层股权结构变动基本情况 公司实际控制人珠海市国资委下发《 ...

珠海光库科技股份有限公司（以下简称"公司"）于 2025 年 3 月 28 日召开第 四届董事会第十二次会议，审议通过《关于使用部分暂时闲置募集资金进行现金管理 的议案》。公司在确保不影响募投项目建设和正常生产经营的情况下，使用不超过人 民币 20,000 万元的暂时闲置募集资金进行现金管理，进行现金管理的额度在董事会 审议通过之日起十二个月有效，在有效期内可以循环滚动使用，募集资金现金管理到 期后归还至募集资金专用账户，并授权总经理在规定额度范围内行使该项投资决策 权，由财务负责人具体办理相关事项。公司监事会、保荐机构均发表了明确同意的意 见。具体内容详见公司于 2025 年 3 月 29 日刊载于巨潮资讯网（www.cninfo.com.cn） 的《关于使用部分暂时闲置募集资金进行现金管理的公告》。 根据上述董事会决议，公司就近日使用部分暂时闲置募集资金进行现金管理的进 展公告如下： 一、 理财产品购买情况 珠海光库科技股份有限公司 关于使用部分暂时闲置募集资金进行现金管理的进展公告 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。 单位：万元 | 序号 | ...

公司报告 | 年报点评报告 光库科技（300620） 证券研究报告 收入增长来自加华微捷和拜安，布局薄膜铌酸锂、海底光网以及CPO 加大研发投入及计提减值导致利润增速低于收入增速 公司发布 2024 年财报，全年实现营业收入 9.98 亿元，同比增长 41%，归 母净利润 6698 万元，同比增长 12%，净利润增速低于收入增速主要是因为 加大研发投入、减值准备计提 2605 万元。4Q 单季实现营收 2.6 亿元，同 比增长 40%，归母净利润 1117 万元，同比减少 14%，但毛利同比增长 18%。 分业务看，1）光纤激光器件收入 4.24 亿元，同比持平。2）光通信器件收 入 3.92 亿元，同比增长 58%，其中全资子公司加华微捷收入 1.61 亿元，同 比增长 87%，净利润 1809 万元，同比增长 45%。3）激光雷达光源模块以 及器件收入 1.4 亿元，主要来自 24 年 3 月底拜安并表的贡献。 市占率保持行业领先 公司的隔离器类产品市场占有率行业领先，光纤光栅类产品市场占有率国 内领先。光通讯器件在保偏光无源器件市场及海底光网络市场保持相对领 先地位。公司完成了进入汽车行业供应链必备的 ...

Investment Rating - The investment rating for the company is "Accumulate" [7] Core Views - The company's revenue growth is driven by the contributions from subsidiaries JiaHua WeiJie and BaiAn, with a focus on thin-film lithium niobate, submarine optical networks, and CPO [1][2] - Increased R&D investment and impairment provisions have led to profit growth lagging behind revenue growth, with a reported net profit of 66.98 million yuan, a 12% increase year-on-year [1][5] - The company maintains a leading market share in isolator products and fiber grating products, and has achieved necessary certifications for entry into the automotive supply chain [3] Revenue and Profit Analysis - In 2024, the company achieved an operating revenue of 998.87 million yuan, a 41% year-on-year increase, while the net profit was 66.98 million yuan, reflecting a 12% growth [1][6] - The revenue breakdown shows that fiber laser device revenue remained flat at 424 million yuan, while optical communication device revenue grew by 58% to 392 million yuan, with JiaHua WeiJie's revenue contributing significantly [2] Market Position and Growth Potential - The global optical module market is projected to grow, reaching 22.3 billion USD by 2028, with significant demand expected for Ethernet 1.6T optical modules by 2025 [4] - The company is actively developing new products in response to customer needs, including submarine optical network components and micro-optical connectors for CPO products [5] Financial Forecasts - The company forecasts net profits of 106.09 million yuan, 156.06 million yuan, and 194.11 million yuan for 2025, 2026, and 2027 respectively, reflecting a downward adjustment from previous estimates [5][12] - The projected operating revenues for the next few years are 1.26 billion yuan in 2025, 1.49 billion yuan in 2026, and 1.72 billion yuan in 2027, with growth rates of 26.39%, 17.64%, and 15.71% respectively [6][12]