聚灿光电科技股份有限公司 聚灿光电科技股份有限公司 监事会关于公司 2022 年限制性股票激励计划 监事会 首次授予部分第三个归属期归属名单的核查意见 二〇二五年四月十日 聚灿光电科技股份有限公司（以下简称"公司"）监事会根据《中华人民共和 国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以下简称"《证 券法》"）、《上市公司股权激励管理办法》（以下简称"《管理办法》"）、《深圳证 券交易所创业板股票上市规则（2023 年修订）》（以下简称"《上市规则》"）等有 关法律、法规和规范性文件以及《聚灿光电科技股份有限公司 2022 年限制性股 票激励计划（草案修订稿）》以下简称"《激励计划》"）、《聚灿光电科技股份有限 公司章程》（以下简称"《公司章程》"）的规定，对《激励计划》首次授予部分第 三个归属期可办理归属的激励对象名单进行审核，发表核查意见如下： 首次授予部分的 30 名激励对象因个人原因离职、1 名激励对象不具备激励 对象的资格（陈静女士因 2024 年经选举担任监事职务）、1 人考核得分对应个人 层面归属系数为 0.8、1 人考核得分对应个人层面归属系数为 0.5，其余 182 名 ...

证券代码：300708 证券简称：聚灿光电 公告编号：2025-030 聚灿光电科技股份有限公司 第四届董事会第六次会议决议公告 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。 一、董事会会议召开情况 聚灿光电科技股份有限公司(以下简称"公司")第四届董事会第六次会议（以 下简称"会议"） 通知于 2025 年 4 月 3 日送达全体董事，于 2025 年 4 月 10 日上 午 9:00 以现场结合通讯表决的方式召开。本次会议应参加表决董事 6 名，实际 参加表决董事 6 名。本次会议由潘华荣先生召集并主持，相关程序符合《中华人 民共和国公司法》等有关法律、法规及《聚灿光电科技股份有限公司章程》的有 关规定，会议合法有效。 二、会议审议情况 1、审议通过了《关于2025年第一季度报告的议案》； 表决结果：同意：6 票；反对：0 票；弃权：0 票。 2、审议通过了《关于调整2022年限制性股票激励计划授予价格的议案》 公司于2025年2月26日披露了《2024年年度权益分派实施公告》，以公司现有 总股本剔除已回购股份32,831,660.00股后的643,38 ...

聚灿光电科技股份有限公司 2025 年第一季度报告 证券代码：300708 证券简称：聚灿光电 公告编号：2025-035 聚灿光电科技股份有限公司 2025 年第一季度报告 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。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、完 整。 3.第一季度报告是否经过审计 □是 否 1 聚灿光电科技股份有限公司 2025 年第一季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | | --- | --- | --- | --- | --- | | | | | （%） | | | 营业收入（元） | 731,410,133.16 | 600,483,216.63 | | 21.80% ...

Investment Rating - The investment rating for the company is "Outperform the Market" [2][8] Core Views - The company is transitioning to a full-color LED chip supplier, expanding from GaN-based blue-green LED epitaxial wafers and chips to GaAs-based red-yellow LED epitaxial wafers and chips [8] - The company achieved a revenue of 2.76 billion yuan in 2024, a year-on-year increase of 11.23%, and a net profit of 196 million yuan, a significant year-on-year increase of 61.44% [8] - The LED market is expected to reach a value of 13.003 billion USD in 2025, despite challenges such as increased costs due to tariffs and suppressed consumer demand [8] - The company maintains industry-leading profitability due to refined management and advantages from late-stage equipment procurement [8] - Future revenue growth is anticipated from the completion of the annual production of 2.4 million red-yellow LED epitaxial wafers and chips [9] Financial Data and Forecast - Revenue projections for 2025-2027 are 3.332 billion yuan, 3.882 billion yuan, and 4.543 billion yuan respectively, with corresponding EPS of 0.41 yuan, 0.51 yuan, and 0.62 yuan [7][10] - The gross margin is expected to improve, with projections of 15.71%, 17.04%, and 17.22% for 2025-2027 [9][10] - The company’s net profit is forecasted to grow significantly, with estimates of 276 million yuan in 2025, 343 million yuan in 2026, and 417 million yuan in 2027 [7][10]

Group 1: Industry Overview and Company Positioning - The domestic LED chip localization rate has exceeded 90%, yet the company has maintained revenue growth for seven consecutive years, with a net profit increase of over 60% in 2024 [2][4] - The company focuses on high-end products such as high-efficiency lighting and automotive lighting, which have seen strong sales performance [2][4] - The company has established itself as a key player in the LED chip industry, ranking among the top six globally by 2024 [6][30] Group 2: Strategic Initiatives and Product Development - The company has launched a red-yellow light project, marking its entry as a full-spectrum LED chip supplier, with an annual production capacity of 2.4 million pieces [4][22] - The red-yellow light chips are expected to enhance product offerings in various applications, including automotive displays and professional color accuracy in media [4][5] - The company has invested significantly in R&D, with a compound annual growth rate of 20.56% over the past five years, ensuring continuous innovation and product upgrades [12][18] Group 3: Financial Performance and Growth Metrics - In 2024, the company achieved a revenue of 2.76 billion yuan, a year-on-year increase of 11.23%, and a net profit of 196 million yuan, up 61.44% [14][30] - The gross margin reached 24.99%, reflecting a 6.78% increase year-on-year, driven by product structure upgrades and cost control measures [12][14] - The company has maintained high production capacity utilization rates, with LED chip production reaching 22.83 million pieces in 2024, marking a growth of 5.02% from 2023 [14][30] Group 4: Market Trends and Future Outlook - The Mini LED market is projected to reach a scale of 30 billion yuan by 2025, indicating significant growth potential in emerging sectors [8][10] - The company anticipates that the red-yellow light project will contribute over 100 million yuan in annual profit once fully operational [29][30] - The company is well-positioned to leverage growth in sectors such as automotive lighting and plant lighting, which are expected to see substantial demand increases [10][30] Group 5: Sustainability and ESG Commitment - The company is recognized as a national-level green factory, focusing on innovations in third-generation semiconductor materials and energy-saving processes [33][34] - The company aims to integrate ESG principles into its core strategy, enhancing its commitment to sustainable development and carbon neutrality [33][34] - Efforts include reducing environmental impact through cleaner production methods and promoting energy-efficient applications in downstream markets [34][33]

Company Overview - Juzi Optoelectronics has a production base covering an area of 320 acres, ranking among the top in the industry for single production bases [2] - The main business involves the research, production, and sales of compound optoelectronic semiconductor materials, with key products including blue-green light epitaxial wafers and chips [3] Project Development - The "annual production of 2.4 million red and yellow light epitaxial wafers and chips project" has partially commenced production, with expectations to achieve full capacity by the second or third quarter of 2025 [4] - Once fully operational, the project is projected to increase annual revenue by over 600 million CNY and net profit by approximately 100 million CNY [4] Competitive Advantages - The company has a forward-looking layout for the gallium arsenide project, with advantages including: - Mature technology and stable production processes [3] - Advanced and automated equipment, leading to cost-effective production [3] - High production capacity and low public costs due to existing facilities [3] - A broad potential customer base, enhancing market opportunities [3] Operational Efficiency - The company maintains a high per capita revenue and production efficiency, exceeding industry averages by more than double [5] - Management strategies to sustain high efficiency include: - Focusing resources on core business areas [5] - Emphasizing innovation and equipment upgrades [5] - Implementing flat management structures to empower teams [5] - Establishing competitive compensation and benefits to motivate employees [5] Future Outlook - The company aims to continue optimizing internal management and enhancing team dynamics to maintain a leading position in the competitive market [6]

Core Viewpoint - Jucan Optoelectronics is a key player in the LED chip industry, focusing on refined management to solidify its development foundation and expanding its Mini/Micro LED capacity while establishing a second growth curve through its red and yellow light business [1][2]. Group 1: Company Overview - Jucan Optoelectronics has been deeply engaged in blue and green LED since its listing, achieving an orderly expansion of production capacity at its Suqian plant, with a monthly chip capacity reaching 1.954 million pieces by the end of 2024 [1]. - The company has demonstrated resilience in its performance amid market fluctuations, with steady revenue growth and improved profitability due to capacity expansion and market demand [1]. - Through refined management, the company has effectively controlled costs and maintained high production utilization rates, significantly outperforming its peers [1]. Group 2: Product Development and Market Trends - The demand for full-color LED products is increasing, with major domestic display manufacturers like BOE, TCL, and Hisense collaborating with RGB full-color chip companies [2]. - The transition to a full-color LED chip manufacturer is essential for the company, with plans to invest 800 million yuan in red and yellow light epitaxial wafer and chip capacity construction, partially operational by January 2025 [2]. - The Mini LED technology is currently a core technology in the LED industry, with a projected domestic market size of 30 billion yuan by 2025, while Micro LED is in its early stages but holds potential in small devices [3]. Group 3: Capacity Expansion and Future Projections - The company’s Mini LED production capacity reached 1.2 million pieces per year by 2023, with further expansion expected to add 7.2 million pieces per year by August 2026 [3]. - The company forecasts net profits of 305 million, 348 million, and 401 million yuan for 2025-2027, with year-on-year growth rates of 56.04%, 13.94%, and 15.31% respectively, indicating strong future performance [4]. - The current stock price corresponds to price-to-earnings ratios of 28.25, 24.79, and 21.50 for the years 2025-2027, reflecting a favorable investment outlook [4].

Investment Rating - The report assigns a "Buy" rating for the company, indicating a positive outlook based on its growth potential in the LED chip industry [5][8]. Core Views - The company is a key player in the LED chip industry, focusing on refined management practices that solidify its development foundation. It is expanding its Mini/Micro LED production capacity and developing its red and yellow light business to create a second growth curve [5][10]. - The projected net profits for the company from 2025 to 2027 are estimated at 305 million, 348 million, and 401 million yuan, respectively, with year-on-year growth rates of 56.04%, 13.94%, and 15.31% [5][8]. Summary by Sections Company Overview - The company, 聚灿光电, was established in April 2010 and is headquartered in Suzhou, Jiangsu Province. It specializes in the research, production, and sales of compound optoelectronic semiconductor materials, primarily GaN-based high-brightness LED epitaxial wafers and chips [19][20]. - The company has significantly increased its production capacity, with the epitaxial wafer and chip capacity rising from 7.76 million pieces per year in 2017 to 23.45 million pieces per year by the end of 2024 [20]. Financial Performance - The company has shown steady revenue growth, with a reported revenue of 2.76 billion yuan in 2024, reflecting an 11.25% year-on-year increase. The net profit for the same year was 196 million yuan, a 61.98% increase compared to the previous year [31][32]. - The company's gross profit margin has been steadily increasing, and its cost control capabilities are superior to those of its peers, indicating strong operational management [39]. Market Position and Growth Drivers - The company is positioned in the upstream segment of the LED industry, focusing on high-value-added products. The demand for Mini/Micro LED technology is expected to drive significant growth in the market [10][45]. - The Mini LED market is projected to reach 30 billion yuan in 2025, while the Micro LED market, although still in its infancy, presents vast potential in applications such as AI glasses and smartwatches [7][10]. Production Capacity and Management - The company has implemented refined management practices that enhance its production efficiency and cost control, leading to a high capacity utilization rate compared to industry peers [39][43]. - The company is transitioning to a full-color LED chip manufacturer, with plans to achieve mass production of red and yellow light products by 2025, further diversifying its product offerings [7][10].

Investment Rating - The report assigns a "Buy" rating for the company, indicating it as a key player in the LED chip industry with a solid foundation for growth through refined management and expansion in Mini/Micro LED capacity [5][8]. Core Insights - The company is expected to achieve net profits of 305 million, 348 million, and 401 million RMB for the years 2025, 2026, and 2027, respectively, with year-on-year growth rates of 56.04%, 13.94%, and 15.31% [5][8]. - The current stock price corresponds to price-to-earnings (P/E) ratios of 28.25, 24.79, and 21.50 for the years 2025, 2026, and 2027, respectively [5][8]. - The company is transitioning to a full-color LED chip manufacturer, with the red and yellow light business expected to create a second growth curve [7][10]. Summary by Sections Company Overview - The company, 聚灿光电, specializes in the research, production, and sales of GaN-based high-brightness LED epitaxial wafers and chips, positioning itself as a key player in the upstream of the LED industry [19][20]. - The company has expanded its blue and green light production capacity significantly, increasing from 7.76 million pieces per year in 2017 to 23.45 million pieces per year by the end of 2024 [20][21]. Financial Performance - The company has shown steady revenue growth, with a reported revenue of 2.76 billion RMB in 2024, reflecting an 11.25% year-on-year increase, and a net profit of 196 million RMB, up 61.98% year-on-year [32][33]. - The gross profit margin has been recovering, with effective cost control measures leading to a significant reduction in management and financial expense ratios compared to industry peers [39][40]. Market Position and Growth Drivers - The company is focusing on high-value-added products, including Mini and Micro LED technologies, which are expected to drive future growth [10][45]. - The Mini LED market is projected to reach 30 billion RMB by 2025, while the Micro LED market is still in its early stages but holds significant potential for applications in small devices [7][10]. Production Capacity and Management - The company has implemented refined management practices that have resulted in superior cost control and operational efficiency, with a production capacity utilization rate that remains high compared to industry standards [39][43]. - The company is actively expanding its production capacity for Mini/Micro LED and red/yellow light products, with plans for significant output increases in the coming years [7][10].

证券代码：300708 证券简称：聚灿光电 公告编号：2025-029 聚灿光电科技股份有限公司 关于使用部分闲置募集资金进行现金管理到期赎回的公告 注：公司及子公司与上表中的签约单位不存在关联关系。 二、公告日前十二个月内公司及子公司使用闲置募集资金进行现金管理的情况 有限公司 公司 存款 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。 聚灿光电科技股份有限公司（以下简称"公司"）于 2024 年 8 月 19 日召开第四 届董事会第三次会议、第四届监事会第三次会议，审议通过了《关于使用部分闲置 募集资金进行现金管理的议案》，同意公司及子公司使用不超过 8.00 亿元的闲置募 集资金进行现金管理。该额度自公司董事会审议通过之日起一年内有效，在前述额 度和期限范围内资金可以滚动使用。公司及子公司按照相关规定严格控制风险，购 买安全性高、流动性好的保本型理财产品（包括但不限于结构性存款、协定存款（另 立账户归集类）、通知存款、定期存款、大额存单、收益凭证等）。具体内容详见公 司披露于巨潮资讯网的《关于使用部分闲置募集资金进行现金管理的公告》（公告编 号：2024 ...