Investment Rating - The report maintains a "Strong Buy" rating for the company with a target price of 17.28 yuan, compared to the current price of 13.81 yuan [1] Core Views - The company's performance is under short-term pressure, with a focus on profit recovery and high-end market expansion [1] - Revenue and net profit declined in H1 2024, with revenue at 1.587 billion yuan (-11.40% YoY) and net profit at 96 million yuan (-14.46% YoY) [1] - Q2 2024 revenue was 786 million yuan (-21.83% YoY), with net profit at 32 million yuan (-52.51% YoY) [1] Financial Performance - Fiber laser revenue declined, but gross margin improved: pulse fiber laser revenue was 191 million yuan (-11.01% YoY) with a gross margin of 29.70% (+4.01pct YoY), while continuous fiber laser revenue was 1.263 billion yuan (-14.21% YoY) with a gross margin of 25.51% (+1.05pct YoY) [1] - Ultrafast laser revenue grew by 9.40% to 30.57 million yuan, but profits declined due to price reductions and delayed new technology adoption [1] - Overseas revenue increased significantly by 81.18% to 105 million yuan, driven by the company's global product launches and expansion in the automotive and new energy sectors [1] Product Development - The company launched new products including 355nm UV lasers, 266nm and 213nm deep UV lasers, and 1.3-1.7μm and 2μm near-infrared fiber lasers, targeting applications in medical, optical communication, and LiDAR fields [1] - The 120kW high-power laser has significant potential in high-end industrial applications and has already generated sales in H1 2024 [1] Financial Forecasts - Revenue for 2024-2026 is projected to be 4.097 billion yuan, 4.853 billion yuan, and 5.762 billion yuan, respectively, with net profit expected to be 306 million yuan, 383 million yuan, and 462 million yuan [1] - EPS for 2024-2026 is forecasted at 0.54 yuan, 0.68 yuan, and 0.82 yuan, with a 2024 PE ratio of 32x [1] Market Position - The company is a leading domestic fiber laser manufacturer, actively expanding into high-power and ultrafast laser markets, with a growing market share due to its technological advantages [1] Financial Ratios - Gross margin is expected to improve from 26.0% in 2023 to 27.8% in 2024, with net margin increasing from 6.1% to 7.7% [6] - ROE is projected to rise from 6.8% in 2023 to 8.9% in 2024, and further to 10.9% by 2026 [6]

Investment Rating - The report assigns a "Buy" rating for the company, Ruike Laser (300747.SZ), marking its first coverage [1]. Core Insights - The company experienced a short-term decline in performance, with a focus on overseas expansion and production capacity enhancement. Despite a significant slowdown in downstream market demand, Ruike Laser managed to maintain a gross margin of 26.75% in H1 2024 through improved management and cost reduction strategies [1][2]. - The fiber laser market in China is projected to reach a total sales volume of 14.53 billion yuan in 2024, reflecting a year-on-year growth of 6.9% [1]. - The company has developed the first domestic 120kW ultra-high power fiber laser, filling a gap in the domestic market and achieving product sales in H1 2024 [1]. - Ruike Laser's overseas revenue reached 105 million yuan in H1 2024, marking an impressive year-on-year growth of 81.18% [1]. Summary by Sections Financial Performance - In H1 2024, the company reported revenue of 1.587 billion yuan, a decrease of 11.40% year-on-year, and a net profit attributable to shareholders of 96 million yuan, down 14.46% year-on-year. However, the non-recurring net profit increased by 50.14% year-on-year [1]. - The company is expected to achieve revenues of 4.071 billion yuan, 4.846 billion yuan, and 5.978 billion yuan for the years 2024, 2025, and 2026, respectively, with corresponding EPS of 0.55 yuan, 0.68 yuan, and 1.03 yuan [3]. Market Position and Strategy - The company is actively expanding its overseas market presence, having established 13 overseas sales and service outlets. The demand for Chinese laser equipment is expected to grow, with fiber laser exports showing signs of recovery [1][2]. - The construction of the Central China Industrial Park and the Huangshi project is anticipated to significantly enhance the company's production capacity and R&D potential, thereby increasing market share and solidifying its leading position [2]. Future Outlook - The report forecasts that the company will continue to lead in the fiber laser market, particularly in the ultra-high power segment, benefiting from its early mover advantage and expansion plans [3].

为充分尊重投资者、提升交流的针对性，现就公司业绩说明会提前向投资者 公开征集问题，广泛听取投资者的意见和建议。投资者可提前访问 https://ir.p5w.net/zj/，或扫描下方二维码，进入问题征集专题页面。公司将 在业绩说明会上，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。 证券代码：300747 证券简称：锐科激光 公告编号：2024-043 武汉锐科光纤激光技术股份有限公司 关于召开 2024 年半年度业绩说明会的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 武汉锐科光纤激光技术股份有限公司（以下简称"公司"）已于 2024 年 8 月 27 日在指定媒体披露了《公司 2024 年半年度报告》全文及其摘要，为便于广 大投资者更全面深入地了解公司 2024 半年度业绩和经营情况，公司将于 2024 年 8 月 29 日（星期四）下午 15：00-16:00，在全景网提供的网上互动平台举办 2024 年半年度业绩说明会。本次业绩说明会以网络文字互动的形式召开，投资 者可登录全景网投资者关系互动平台（https://ir. ...

一、董事会会议召开情况 武汉锐科光纤激光技术股份有限公司（以下简称"公司"）于 2024 年 8 月 26日15:30以现场会议形式召开了第三届董事会第三十三次会议，通知已于2024 年 8 月 21 日以电子邮件方式送达全体董事。本次会议应参加董事 9 名，实际参 加董事 8 名，委托其他董事出席 1 名，公司全体监事、部分高级管理人员列席会 议。公司董事长陈正兵先生因公务原因无法参加本次会议，委托闫大鹏先生代为 参会并表决，会议由公司副董事长闫大鹏先生主持，会议的召集、召开与表决程 序符合《中华人民共和国公司法》（以下简称"《公司法》"）和《公司章程》 及相关法律法规的规定，所作决议合法有效。 武汉锐科光纤激光技术股份有限公司 第三届董事会第三十三次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 二、董事会会议审议情况 证券代码：300747 证券简称：锐科激光 公告编号：2024-039 会议审议通过了如下议案： 1．以 9 票赞成，0 票反对，0 票弃权，审议通过了《关于公司 2024 年半年 度报告全文及其摘要的议案》。 经审核，董事会 ...

3 1 | | | | | | 利息） | | | | 性往来） | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 控股股东控 | | | | | | | | | | 湖北航天技术研究 | 制的其他企 | 应收账款 | 34.50 | | 34.50 | 0.00 | 出售商 | 经营性 | | | 院总体设计所 | | | | | | | 品 | 往来 | | | | 业 | | | | | | | | | | 武汉光谷航天三江 | 控股股东控 | | | | | | 出售商 | 经营性 | | | 激光产业技术研究 | 制的其他企 | 应收账款 | 1, 579 .40 | 133 .80 | 569 .82 | 1,143 .38 | 品/提 | 往来 | | | 院有限公司 | 业 | | | | | | 供劳务 | | | | 武汉光谷航天三江 | 控股股东控 | | | | | | 出售商 | | | | 激光产业技术研究 | 制的其他企 | 应收账款 | 30 .00 | 38 . 00 | | 68 .0 ...

武汉锐科光纤激光技术股份有限公司第三届董事会第三十三次会议 议案二 武汉锐科光纤激光技术股份有限公司 关于航天科工财务有限责任公司 2024 年 半年度风险持续评估报告的报告 根据《深圳证券交易所上市公司自律监管指引第7号——交易与关联交易》 的要求，武汉锐科光纤激光技术股份有限公司（以下简称"公司"）通过查验航 天科工财务有限责任公司（以下简称"财务公司"）《金融许可证》《企业法人 营业执照》等证件资料，并审阅了财务公司包括资产负债表、利润表、现金流量 表等财务报表，对财务公司的经营资质、业务和风险状况进行了评估，现将风险 持续评估情况报告如下： 一、财务公司基本情况 航天科工财务有限责任公司经原中国银行业监督管理委员会（现国家金融监 督管理总局，以下简称"金融监管总局"）批准（金融许可证编号： L0009H211000001）、北京市市场监督管理局登记注册（统一社会信用代码： 911100007109288907）的非银行金融机构，依法接受金融监管总局的监督管理。 注册资本：438,489万元人民币 法定代表人：王厚勇 注册地址：北京市海淀区紫竹院路116号嘉豪国际中心B座6层、12层 成立日期：2001 ...

Part I [Important Notice, Table of Contents, and Definitions](index=2&type=section&id=%E7%AC%AC%E4%B8%80%E8%8A%82%20%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA%E3%80%81%E7%9B%AE%E5%BD%95%E5%92%8C%E9%87%8A%E4%B9%89) This section provides essential information, outlines the report's structure, and defines key terms for clarity [Important Notice](index=2&type=section&id=%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) The Board, Supervisory Board, and senior management guarantee the accuracy and completeness of the semi-annual report, with no plans for cash dividends or bonus shares - The company's Board of Directors, Supervisory Board, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report[2](index=2&type=chunk) - Company head Chen Zhengbing, chief accountant Deng Xiankun, and head of accounting department Chen Yu declare the financial report is true, accurate, and complete[2](index=2&type=chunk) - The company plans not to distribute cash dividends, send bonus shares, or convert capital reserves into share capital[2](index=2&type=chunk) [Table of Contents](index=3&type=section&id=%E7%9B%AE%E5%BD%95) This section lists the report's overall structure, including company profile, financial indicators, management discussion and analysis, corporate governance, ESG, and financial statements [List of Reference Documents](index=4&type=section&id=%E5%A4%87%E6%9F%A5%E6%96%87%E4%BB%B6%E7%9B%AE%E5%BD%95) This section provides the location and list of publicly disclosed company documents and original financial statements for the reporting period, ensuring traceability and accessibility - Reference documents include signed and stamped financial statements, the original semi-annual report text signed by the legal representative, and original announcements of all company documents publicly disclosed during the reporting period[4](index=4&type=chunk) - Reference documents are available at Wuhan Raycus Fiber Laser Technologies Co., Ltd[4](index=4&type=chunk) [Definitions](index=5&type=section&id=%E9%87%8A%E4%B9%89) This section defines specific terms used in the report, covering company name, related parties, accounting period, stock type, and fiber laser technical vocabulary for accurate understanding - "Company" or "Raycus Laser" refers to Wuhan Raycus Fiber Laser Technologies Co., Ltd[5](index=5&type=chunk) - The actual controller is China Aerospace Science and Industry Corporation, and the controlling shareholder is China Aerospace Sanjiang Group Co., Ltd[5](index=5&type=chunk) - The reporting period refers to January 1, 2024, to June 30, 2024[5](index=5&type=chunk) Part II [Company Profile and Key Financial Indicators](index=6&type=section&id=%E7%AC%AC%E4%BA%8C%E8%8A%82%20%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B%E5%92%8C%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) This section introduces the company's basic information and presents its key financial performance and position indicators [1. Company Profile](index=6&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B) Raycus Laser, with stock code 300747, is listed on the Shenzhen Stock Exchange, and its legal representative is Chen Zhengbing - Stock Abbreviation: Raycus Laser, Stock Code: **300747**[6](index=6&type=chunk) - Stock Exchange: Shenzhen Stock Exchange[6](index=6&type=chunk) - Legal Representative: Chen Zhengbing[6](index=6&type=chunk) [2. Contact Persons and Information](index=6&type=section&id=%E4%BA%8C%E3%80%81%E8%81%94%E7%B3%BB%E4%BA%BA%E5%92%8C%E8%81%94%E7%B3%BB%E6%96%B9%E5%BC%8F) This section provides contact details for the company's Board Secretary Lu Kunzhong and Securities Affairs Representative Liu Xiaolan, facilitating investor communication - Board Secretary: Lu Kunzhong, Contact Number: 027-81338818, Email: stock@raycuslaser.com[7](index=7&type=chunk) - Securities Affairs Representative: Liu Xiaolan, Contact Number: 027-65524626, Email: lxl@raycuslaser.com[7](index=7&type=chunk) [3. Other Information](index=6&type=section&id=%E4%B8%89%E3%80%81%E5%85%B6%E4%BB%96%E6%83%85%E5%86%B5) During the reporting period, there were no changes in the company's registered address, office address, website, email, information disclosure, or registration status - The company's registered address, office address, website, and email remained unchanged during the reporting period[8](index=8&type=chunk) - Information disclosure and storage locations remained unchanged during the reporting period[9](index=9&type=chunk) - The company's registration status remained unchanged during the reporting period[10](index=10&type=chunk) [4. Key Accounting Data and Financial Indicators](index=7&type=section&id=%E5%9B%9B%E3%80%81%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) In H1 2024, the company's operating revenue and net profit attributable to shareholders decreased year-on-year, while net cash flow from operating activities significantly increased 2024 Half-Year Key Accounting Data and Financial Indicators | Indicator | Current Reporting Period (Yuan) | Prior Year Period (Yuan) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 1,587,154,818.46 | 1,791,432,207.86 | -11.40 | | Net Profit Attributable to Listed Company Shareholders | 95,894,433.24 | 112,108,083.31 | -14.46 | | Net Profit Attributable to Listed Company Shareholders (Excluding Non-Recurring Items) | 52,384,766.33 | 105,073,080.41 | -50.14 | | Net Cash Flow from Operating Activities | 238,363,023.51 | 49,472,928.35 | 381.80 | | Basic Earnings Per Share (Yuan/share) | 0.1708 | 0.1996 | -14.43 | | Diluted Earnings Per Share (Yuan/share) | 0.1708 | 0.1995 | -14.39 | | Weighted Average Return on Net Assets | 2.94 | 3.60 | -0.66 | | **Period-End Indicators** | **Current Period-End (Yuan)** | **Prior Year-End (Yuan)** | **Period-End YoY Change (%)** | | Total Assets | 5,716,195,038.33 | 5,840,810,428.79 | -2.13 | | Net Assets Attributable to Listed Company Shareholders | 3,255,594,689.35 | 3,217,125,229.64 | 1.20 | [5. Differences in Accounting Data under Domestic and Overseas Accounting Standards](index=7&type=section&id=%E4%BA%94%E3%80%81%E5%A2%83%E5%86%85%E5%A4%96%E4%BC%9A%E8%AE%A1%E5%87%86%E5%88%99%E4%B8%8B%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%B7%AE%E5%BC%82) During the reporting period, the company had no differences in net profit and net assets between financial reports disclosed under international or overseas accounting standards and Chinese accounting standards - The company had no differences in net profit and net assets between financial reports disclosed under international accounting standards and Chinese accounting standards during the reporting period[12](index=12&type=chunk) - The company had no differences in net profit and net assets between financial reports disclosed under overseas accounting standards and Chinese accounting standards during the reporting period[12](index=12&type=chunk) [6. Non-Recurring Gains and Losses Items and Amounts](index=7&type=section&id=%E5%85%AD%E3%80%81%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%8F%8A%E9%87%91%E9%A2%9D) The company's total non-recurring gains and losses for H1 2024 amounted to **43.51 million Yuan**, primarily from government grants, non-current asset disposal gains/losses, and reversal of impairment provisions 2024 Half-Year Non-Recurring Gains and Losses Items and Amounts | Item | Amount (Yuan) | Explanation | | :--- | :--- | :--- | | Gains/Losses from Disposal of Non-Current Assets | -1,560,985.50 | | | Government Grants Included in Current Profit/Loss | 50,888,509.58 | | | Reversal of Impairment Provisions for Accounts Receivable Subject to Separate Impairment Testing | 100,000.00 | Accounts receivable from Guangdong Huayi Laser Technology Co., Ltd. previously impaired were recovered in this period | | Other Non-Operating Income and Expenses Apart from the Above | 1,738,582.15 | | | Other Profit/Loss Items Meeting the Definition of Non-Recurring Gains and Losses | 307,292.23 | Handling fee refund for withholding individual income tax | | Less: Income Tax Impact | 7,732,830.43 | | | Impact on Minority Interests (After Tax) | 230,901.12 | | | **Total** | **43,509,666.91** | | Part III [Management Discussion and Analysis](index=9&type=section&id=%E7%AC%AC%E4%B8%89%E8%8A%82%20%E7%AE%A1%E7%90%86%E5%B1%82%E8%AE%A8%E8%AE%BA%E4%B8%8E%E5%88%86%E6%9E%90) This section provides an overview of the company's business, core competencies, financial performance, and risk management strategies [1. Principal Business Activities During the Reporting Period](index=9&type=section&id=%E4%B8%80%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%85%AC%E5%8F%B8%E4%BB%8E%E4%BA%8B%E7%9A%84%E4%B8%BB%E8%A6%81%E4%B8%9A%E5%8A%A1) Raycus Laser, a leader in the fiber laser industry, achieved vertical integration and technological innovation, with H1 2024 revenue decreasing by 11.40% while maintaining a gross margin of 26.75% - Raycus Laser has broken the overseas monopoly on core fiber laser materials and components through upstream vertical integration, establishing China's fiber laser fiber technology system[15](index=15&type=chunk) 2024 Half-Year Key Operating Data | Indicator | 2024 Half-Year | YoY Change | | :--- | :--- | :--- | | Operating Revenue | 1.587 billion Yuan | -11.40% | | Gross Margin | 26.75% | Maintained stable | | R&D Investment | 156.05 million Yuan | -1.68% | | R&D Investment as % of Operating Revenue | 9.83% | | - The company's product categories are advancing towards "full wavelength, full pulse width, full power, full application," with new products in blue, green, UV, deep UV, and near-infrared wavelengths launched in H1, and sales of ultra-high power 120 kW lasers[16](index=16&type=chunk)[17](index=17&type=chunk) - The company continuously strengthens cost control capabilities through refined management in R&D, procurement, and production, and cross-departmental IPD product line team building, enhancing operational efficiency[17](index=17&type=chunk) [2. Analysis of Core Competitiveness](index=10&type=section&id=%E4%BA%8C%E3%80%81%E6%A0%B8%E5%BF%83%E7%AB%9E%E4%BA%89%E5%8A%9B%E5%88%86%E6%9E%90) Raycus Laser's core competitiveness stems from continuous technological innovation, growing brand strength, and high-quality development support, driving market expansion and operational efficiency - The company continuously increases R&D efforts for new products, technologies, processes, and applications, initiating over 100 R&D and process projects in 2024, with over 30 completed[18](index=18&type=chunk) - As of June 30, 2024, the company and its subsidiaries held a total of **1,103 patents**, a **21.3% year-on-year increase**, including 230 invention patents[18](index=18&type=chunk) - The company received the National Science and Technology Progress Award Second Prize and the China Light Industry Federation Science and Technology Progress Award Second Prize, demonstrating its technological innovation strength[18](index=18&type=chunk) - The company expanded its product wavelength range, launched dedicated lasers and solutions for handheld welding, and actively entered the desktop laser marking field, achieving batch sales[19](index=19&type=chunk) - Leveraging its central SOE background, the company strengthened cooperation with central SOEs, seized opportunities for laser exports, launched global and HP high-performance laser series, and expanded domestic and international service outlets[19](index=19&type=chunk) - The company received the Ministry of Industry and Information Technology's 2023 Manufacturing Enterprise Inspection-Level Quality Management Capability Evaluation and its fiber laser products were awarded the first "Hubei Quality Product" title, continuously improving quality prevention management[20](index=20&type=chunk) - The company established cross-departmental product line teams based on IPD management concepts and promoted a lean production management system with Smart Photon as a model, enhancing overall operational efficiency[21](index=21&type=chunk)[22](index=22&type=chunk) [3. Analysis of Principal Business](index=12&type=section&id=%E4%B8%89%E3%80%81%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E5%88%86%E6%9E%90) In H1 2024, the company's principal business revenue decreased by 11.40%, operating costs decreased by 14.13%, and operating cash flow significantly increased by 381.80% due to increased bill collection Major Financial Data Year-on-Year Changes | Indicator | Current Reporting Period (Yuan) | Prior Year Period (Yuan) | YoY Change (%) | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 1,587,154,818.46 | 1,791,432,207.86 | -11.40 | No significant change | | Operating Cost | 1,162,661,279.39 | 1,354,010,215.13 | -14.13 | No significant change | | Selling Expenses | 82,700,531.66 | 112,600,070.88 | -26.55 | No significant change | | Administrative Expenses | 46,375,853.77 | 38,158,686.37 | 21.53 | No significant change | | Financial Expenses | -409,716.13 | -1,164,930.66 | 64.83 | Primarily due to increased interest expenses and decreased exchange gains | | Income Tax Expense | 4,455,020.76 | 6,844,529.84 | -34.91 | Primarily due to decreased operating profit | | R&D Investment | 156,047,947.65 | 158,710,858.25 | -1.68 | No significant change | | Net Cash Flow from Operating Activities | 238,363,023.51 | 49,472,928.35 | 381.80 | Primarily due to increased collection of matured acceptance bills | | Net Cash Flow from Investing Activities | -44,012,538.78 | -114,379,475.06 | 61.52 | Primarily due to decreased cash payments for asset purchases | | Net Cash Flow from Financing Activities | -115,870,134.67 | -141,176,167.51 | 17.93 | No significant change | | Net Increase in Cash and Cash Equivalents | 79,973,299.87 | -203,566,818.04 | 139.29 | Affected by net cash flows from operating, investing, and financing activities | Products or Services Accounting for Over 10% of Revenue | Product or Service | Operating Revenue (Yuan) | Operating Cost (Yuan) | Gross Margin (%) | YoY Change in Operating Revenue (%) | YoY Change in Operating Cost (%) | YoY Change in Gross Margin (%) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Pulsed Fiber Lasers | 191,166,872.09 | 134,381,175.56 | 29.70 | -11.01 | -15.82 | 4.01 | | Continuous Fiber Lasers | 1,262,575,819.40 | 940,550,278.09 | 25.51 | -14.21 | -15.39 | 1.05 | [4. Analysis of Non-Principal Business](index=12&type=section&id=%E5%9B%9B%E3%80%81%E9%9D%9E%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E5%88%86%E6%9E%90) Non-principal business significantly impacted total profit, with asset and credit impairment losses accounting for over 80%, while other income (mainly government grants) provided a substantial contribution Impact of Non-Principal Business on Total Profit | Item | Amount (Yuan) | Percentage of Total Profit (%) | Reason for Formation | Sustainability | | :--- | :--- | :--- | :--- | :--- | | Asset Impairment | -67,660,657.99 | -66.02 | Primarily due to inventory depreciation provision | No | | Credit Impairment Loss | -16,815,001.54 | -16.41 | Primarily due to provision for bad debts on accounts receivable | No | | Other Income | 52,800,990.54 | 51.52 | Primarily due to VAT input tax deduction and government grants | Partially sustainable | | Non-Operating Income | 1,784,324.26 | 1.74 | Primarily due to supplier compensation received | No | | Non-Operating Expenses | 1,607,073.24 | 1.57 | Primarily due to fixed asset disposal losses | No | [5. Analysis of Assets and Liabilities](index=13&type=section&id=%E4%BA%94%E3%80%81%E8%B5%84%E4%BA%A7%E5%8F%8A%E8%B4%9F%E5%80%BA%E7%8A%B6%E5%86%B5%E5%88%86%E6%9E%90) At the end of the reporting period, total assets and current liabilities decreased, while construction in progress significantly increased due to factory renovation and installation projects Major Changes in Asset Composition | Item | Current Period-End Amount (Yuan) | % of Total Assets | Prior Year-End Amount (Yuan) | % of Total Assets | % Change in Proportion | Explanation of Major Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Total Assets | 5,716,195,038.33 | 100.00 | 5,840,810,428.79 | 100.00 | -2.13 | | | Monetary Funds | 978,334,531.42 | 17.12 | 933,733,487.32 | 15.99 | 1.13 | No significant change | | Accounts Receivable | 906,457,612.90 | 15.86 | 779,467,646.00 | 13.35 | 2.51 | No significant change | | Inventories | 1,129,603,743.29 | 19.76 | 1,025,465,942.47 | 17.56 | 2.20 | No significant change | | Construction in Progress | 31,862,695.81 | 0.56 | 10,698,180.45 | 0.18 | 0.38 | Primarily due to increased factory renovation and installation projects in Huangshi Industrial Park | | Notes Receivable | 581,972,499.65 | 10.18 | 834,541,209.27 | 14.29 | -4.11 | Primarily due to collection of matured acceptance bills | | Short-Term Borrowings | 400,000,000.00 | 7.00 | 500,372,777.78 | 8.57 | -1.57 | No significant change | | Employee Benefits Payable | 75,018,718.97 | 1.31 | 145,457,697.00 | 2.49 | -1.18 | Primarily due to performance bonuses being assessed and accrued at year-end, with less accrual in H1 | | Other Payables | 179,524,443.79 | 3.14 | 136,504,884.72 | 2.34 | 0.80 | Primarily due to increased dividends payable | Asset Rights Restriction Status as of Reporting Period End | Item | Period-End Book Balance (Yuan) | Type of Restriction | Restriction Details | | :--- | :--- | :--- | :--- | | Monetary Funds | 97,107,393.46 | Bank acceptance bill margin | Frozen | | Notes Receivable | 40,643,791.33 | Endorsed but unmatured and unrecognized notes | Risk not transferred | | Fixed Assets | 75,426,237.29 | Fixed asset loan mortgage | Mortgaged | | **Total** | **213,177,422.08** | | | [6. Analysis of Investment Status](index=15&type=section&id=%E5%85%AD%E3%80%81%E6%8A%95%E8%B5%84%E7%8A%B6%E5%86%B5%E5%88%86%E6%9E%90) During the reporting period, the company's investment decreased by 52.92% year-on-year, primarily due to reduced cash payments for asset purchases, with no significant equity or non-equity investments Reporting Period Investment Amount Change | Indicator | Current Reporting Period (Yuan) | Prior Year Period (Yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Investment Amount | 93,530,594.93 | 198,648,481.80 | -52.92 | - The company had no use of raised funds, entrusted wealth management, derivative investments, or entrusted loans during the reporting period[32](index=32&type=chunk)[33](index=33&type=chunk)[34](index=34&type=chunk) [7. Significant Asset and Equity Disposals](index=16&type=section&id=%E4%B8%83%E3%80%81%E9%87%8D%E5%A4%A7%E8%B5%84%E4%BA%A7%E5%92%8C%E8%82%A1%E6%9D%83%E5%87%BA%E5%94%AE) No significant asset or equity disposals occurred during the reporting period - The company did not sell significant assets during the reporting period[35](index=35&type=chunk) - The company did not sell significant equity during the reporting period[36](index=36&type=chunk) [8. Analysis of Major Holding and Participating Companies](index=16&type=section&id=%E5%85%AB%E3%80%81%E4%B8%BB%E8%A6%81%E6%8E%A7%E8%82%A1%E5%8F%82%E8%82%A1%E5%85%AC%E5%8F%B8%E5%88%86%E6%9E%90) The company's major holding subsidiaries, including Wuhan Ruixin, Wuxi Raycus, and Hubei Smart Photon, significantly contributed to revenue and net profit in fiber manufacturing and laser production Major Subsidiary Operating Performance (January-June 2024) | Company Name | Company Type | Principal Business | Operating Revenue (10,000 Yuan) | Net Profit (10,000 Yuan) | | :--- | :--- | :--- | :--- | :--- | | Wuhan Ruixin Special Fiber Co., Ltd. | Subsidiary | Fiber manufacturing | 14,809.33 | 4,139.41 | | Wuxi Raycus Fiber Laser Technology Co., Ltd. | Subsidiary | Laser manufacturing | 43,151.23 | 877.79 | | Hubei Smart Photon Technology Co., Ltd. | Subsidiary | Laser manufacturing | 98,996.67 | 2,371.37 | - Wuhan Ruixin Special Fiber Co., Ltd.'s net assets increased by **2.67%** and total assets increased by **5.86%** compared to the beginning of the year[36](index=36&type=chunk) - Wuxi Raycus Fiber Laser Technology Co., Ltd.'s net assets decreased by **8.77%** and total assets increased by **43.91%** compared to the beginning of the year[37](index=37&type=chunk) - Hubei Smart Photon Technology Co., Ltd.'s net assets increased by **8.02%** and total assets increased by **76.15%** compared to the beginning of the year[37](index=37&type=chunk) [9. Structured Entities Controlled by the Company](index=17&type=section&id=%E4%B9%9D%E3%80%81%E5%85%AC%E5%8F%B8%E6%8E%A7%E5%88%B6%E7%9A%84%E7%BB%93%E6%9E%84%E5%8C%96%E4%B8%BB%E4%BD%93%E6%83%85%E5%86%B5) No structured entities controlled by the company during the reporting period - The company had no structured entities under its control during the reporting period[38](index=38&type=chunk) [10. Risks Faced by the Company and Countermeasures](index=17&type=section&id=%E5%8D%81%E3%80%81%E5%85%AC%E5%8F%B8%E9%9D%A2%E4%B8%B4%E7%9A%84%E9%A3%8E%E9%99%A9%E5%92%8C%E5%BA%94%E5%AF%B9%E6%8E%AA%E6%96%BD) The company faces risks from underperforming operations, intensified market competition, and cost control, addressed by product line expansion, R&D investment, and lean production to maintain competitiveness - Risk of operating performance falling short of expectations: The company will expand and enrich its product lines, increase investment in areas with strong market demand, and promote new product R&D and innovation[38](index=38&type=chunk) - Market risk: The company will leverage its technological innovation capabilities to build a "four-all" laser product system (full wavelength, full pulse width, full power, full application) and deepen in-house R&D and production of core components[38](index=38&type=chunk) - Cost control risk: The company will continuously improve lean production capabilities, increase digitalization and automation rates, and achieve "cost reduction and efficiency improvement" across management, procurement, production, sales, and after-sales, while strengthening budget management[38](index=38&type=chunk) [11. Registration Form for Investor Relations Activities During the Reporting Period](index=17&type=section&id=%E5%8D%81%E4%B8%80%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E6%8E%A5%E5%BE%85%E8%B0%83%E7%A0%94%E3%80%81%E6%B2%9F%E9%80%9A%E3%80%81%E9%87%87%E8%AE%BF%E7%AD%89%E6%B4%BB%E5%8A%A8%E7%99%BB%E8%AE%B0%E8%A1%A8) During the reporting period, the company conducted two investor relations activities, including an on-site survey and an online exchange, with records disclosed on Juchao Information Network - On May 7, 2024, the company conducted an on-site survey at Wuhan Raycus Fiber Laser Technologies Co., Ltd. Conference Room 1508, receiving institutions, individuals, and the public[39](index=39&type=chunk) - On May 16, 2024, the company conducted an online exchange on Panorama Network's "Investor Relations Interactive Platform," receiving the public[40](index=40&type=chunk) [12. Implementation of "Quality and Return Enhancement" Action Plan](index=18&type=section&id=%E5%8D%81%E4%BA%8C%E3%80%81%E2%80%9C%E8%B4%A8%E9%87%8F%E5%9B%9E%E6%8A%A5%E5%8F%8C%E6%8F%90%E5%8D%87%E2%80%9D%E8%A1%8C%E5%8A%A8%E6%96%B9%E6%A1%88%E8%B4%AF%E5%BD%BB%E8%90%BD%E5%AE%9E%E6%83%85%E5%86%B5) The company disclosed and actively implemented its "Quality and Return Enhancement" action plan to improve innovation, value creation, and investment value, ensuring shareholder rights and a positive market image - The company formulated and disclosed its "Quality and Return Enhancement" action plan on March 6, 2024, aiming to enhance its innovation and value creation capabilities, and improve core competitiveness and investment value[41](index=41&type=chunk) - On April 26, 2024, the company held an earnings briefing, increasing cash dividends to enhance shareholder returns and actively fulfilling the requirements of the action plan[41](index=41&type=chunk) Part IV [Corporate Governance](index=19&type=section&id=%E7%AC%AC%E5%9B%9B%E8%8A%82%20%E5%85%AC%E5%8F%B8%E6%B2%BB%E7%90%86) This section details the company's corporate governance structure, including shareholder meetings, changes in management, profit distribution, and equity incentive plans [1. Information on Annual and Extraordinary General Meetings Held During the Reporting Period](index=19&type=section&id=%E4%B8%80%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%8F%AC%E5%BC%80%E7%9A%84%E5%B9%B4%E5%BA%A6%E8%82%A1%E4%B8%9C%E5%A4%A7%E4%BC%9A%E5%92%8C%E4%B8%B4%E6%97%B6%E8%82%A1%E4%B8%9C%E5%A4%A7%E4%BC%9A%E7%9A%84%E6%9C%89%E5%85%B3%E6%83%85%E5%86%B5) During the reporting period, the company held its 2024 First Extraordinary General Meeting and 2023 Annual General Meeting, both with investor participation rates around 46% Shareholder Meeting Information During the Reporting Period | Session | Meeting Type | Investor Participation Rate (%) | Meeting Date | Disclosure Date | | :--- | :--- | :--- | :--- | :--- | | 2024 First Extraordinary General Meeting | Extraordinary General Meeting | 46.86 | April 18, 2024 | April 19, 2024 | | 2023 Annual General Meeting | Annual General Meeting | 46.76 | June 27, 2024 | June 27, 2024 | [2. Changes in Directors, Supervisors, and Senior Management](index=19&type=section&id=%E4%BA%8C%E3%80%81%E5%85%AC%E5%8F%B8%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E3%80%81%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) No changes in the company's directors, supervisors, or senior management occurred during the reporting period - The company's directors, supervisors, and senior management did not change during the reporting period[42](index=42&type=chunk) [3. Profit Distribution and Capital Reserve Conversion to Share Capital During the Reporting Period](index=19&type=section&id=%E4%B8%89%E3%80%81%E6%9C%AC%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%88%A9%E6%B6%A6%E5%88%86%E9%85%8D%E5%8F%8A%E8%B5%84%E6%9C%AC%E5%85%AC%E7%A7%AF%E9%87%91%E8%BD%AC%E5%A2%9E%E8%82%A1%E6%9C%AC%E6%83%85%E5%86%B5) The company plans no cash dividends, bonus shares, or capital reserve conversions to share capital for the half-year period - The company plans not to distribute cash dividends, send bonus shares, or convert capital reserves into share capital for the half-year period[43](index=43&type=chunk) [4. Implementation of Equity Incentive Plans, Employee Stock Ownership Plans, or Other Employee Incentive Measures](index=19&type=section&id=%E5%9B%9B%E3%80%81%E5%85%AC%E5%8F%B8%E8%82%A1%E6%9D%83%E6%BF%80%E5%8A%B1%E8%AE%A1%E5%88%92%E3%80%81%E5%91%98%E5%B7%A5%E6%8C%81%E8%82%A1%E8%AE%A1%E5%88%92%E6%88%96%E5%85%B6%E4%BB%96%E5%91%98%E5%B7%A5%E6%BF%80%E5%8A%B1%E6%8E%AA%E6%96%BD%E7%9A%84%E5%AE%9E%E6%96%BD%E6%83%85%E5%86%B5) The company continued its 2020 long-term equity incentive plan, including restricted stock grants, adjustments, and repurchases, but did not implement employee stock ownership plans or other employee incentive measures - The company approved its long-term equity incentive plan and first equity incentive plan on December 30, 2020, which was approved by the State-owned Assets Supervision and Administration Commission of the State Council on May 13, 2021[43](index=43&type=chunk)[44](index=44&type=chunk) - On September 13, 2021, the company completed the registration and listing of **4.0235 million restricted shares** granted to 328 incentive recipients[45](index=45&type=chunk) - On January 2, 2024, the company completed the repurchase and cancellation of **1,797,927 restricted shares** due to 16 incentive recipients' departure and 298 recipients' failure to meet performance targets[46](index=46&type=chunk) - The company had no employee stock ownership plans or other employee incentive measures during the reporting period[47](index=47&type=chunk) Part V [Environmental and Social Responsibility](index=22&type=section&id=%E7%AC%AC%E4%BA%94%E8%8A%82%20%E7%8E%AF%E5%A2%83%E5%92%8C%E7%A4%BE%E4%BC%9A%E8%B4%A3%E4%BB%BB) This section outlines the company's environmental protection measures and its commitment to social responsibility initiatives [1. Significant Environmental Issues](index=22&type=section&id=%E4%B8%80%E3%80%81%E9%87%8D%E5%A4%A7%E7%8E%AF%E4%BF%9D%E9%97%AE%E9%A2%98%E6%83%85%E5%86%B5) The company is not a key polluter and received no environmental administrative penalties, with all wastewater, exhaust gas, and noise emissions meeting standards after treatment and monitoring - The company is not classified as a key polluting entity by environmental protection authorities and received no administrative penalties for environmental issues during the reporting period[48](index=48&type=chunk) - The company's domestic wastewater is discharged into the municipal pipe network after treatment, and organic exhaust gas and solder fumes are purified and discharged at high altitude after meeting standards[48](index=48&type=chunk) - The company commissioned Hubei Aerospace Technology Research Institute Metrology and Testing Technology Research Institute to monitor wastewater, exhaust gas, and noise, with all results meeting standard requirements[48](index=48&type=chunk) [2. Social Responsibility](index=22&type=section&id=%E4%BA%8C%E3%80%81%E7%A4%BE%E4%BC%9A%E8%B4%A3%E4%BB%BB%E6%83%85%E5%86%B5) The company actively fulfills its social responsibilities, deeply implementing rural revitalization strategies, and purchased **0.48 million Yuan** worth of agricultural products from assisted areas during the reporting period - The company actively fulfills its social responsibilities, purchasing **483,400 Yuan** of agricultural products from assisted areas within its system[48](index=48&type=chunk) Part VI [Significant Matters](index=23&type=section&id=%E7%AC%AC%E5%85%AD%E8%8A%82%20%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) This section covers various significant matters, including commitments, related party transactions, litigation, and other material events [1. Fulfilled and Overdue Unfulfilled Commitments by Controlling Shareholder, Actual Controller, Related Parties, Acquirers, and the Company During the Reporting Period](index=23&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E3%80%81%E8%82%A1%E4%B8%9C%E3%80%81%E5%85%B3%E8%81%94%E6%96%B9%E3%80%81%E6%94%B6%E8%B4%AD%E4%BA%BA%E4%BB%A5%E5%8F%8A%E5%85%AC%E5%8F%B8%E7%AD%89%E6%89%BF%E8%AF%BA%E7%9B%B8%E5%85%B3%E6%96%B9%E5%9C%A8%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%B1%A5%E8%A1%8C%E5%AE%8C%E6%AF%95%E5%8F%8A%E6%88%AA%E8%87%B3%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E8%B6%85%E6%9C%9F%E6%9C%AA%E5%B1%A5%E8%A1%8C%E5%AE%8C%E6%AF%95%E7%9A%84%E6%89%BF%E8%AF%BA%E4%BA%8B%E9%A1%B9) During the reporting period, there were no fulfilled or overdue unfulfilled commitments by the company's actual controller, shareholders, related parties, acquirers, or the company itself - The company had no fulfilled or overdue unfulfilled commitments by relevant parties during the reporting period[49](index=49&type=chunk) [2. Non-Operating Funds Occupied by Controlling Shareholder and Other Related Parties](index=23&type=section&id=%E4%BA%8C%E3%80%81%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E5%8F%8A%E5%85%B6%E4%BB%96%E5%85%B3%E8%81%94%E6%96%B9%E5%AF%B9%E4%B8%8A%E5%B8%82%E5%85%AC%E5%8F%B8%E7%9A%84%E9%9D%9E%E7%BB%8F%E8%90%A5%E6%80%A7%E5%8D%A0%E7%94%A8%E8%B5%84%E9%87%91%E6%83%85%E5%86%B5) During the reporting period, there were no non-operating funds occupied by the controlling shareholder or other related parties of the listed company - The company had no non-operating funds occupied by the controlling shareholder or other related parties during the reporting period[49](index=49&type=chunk) [3. Irregular External Guarantees](index=23&type=section&id=%E4%B8%89%E3%80%81%E8%BF%9D%E8%A7%84%E5%AF%B9%E5%A4%96%E6%8B%85%E4%BF%9D%E6%83%85%E5%86%B5) No irregular external guarantees were provided by the company during the reporting period - The company had no irregular external guarantees during the reporting period[49](index=49&type=chunk) [4. Appointment and Dismissal of Accounting Firms](index=23&type=section&id=%E5%9B%9B%E3%80%81%E8%81%98%E4%BB%BB%E3%80%81%E8%A7%A3%E8%81%98%E4%BC%9A%E8%AE%A1%E5%B8%88%E4%BA%8B%E5%8A%A1%E6%89%80%E6%83%85%E5%86%B5) The company's half-year financial report was not audited - The company's half-year report was not audited[49](index=49&type=chunk) [5. Board of Directors' and Supervisory Board's Explanations on "Non-Standard Audit Report" for the Current Period](index=23&type=section&id=%E4%BA%94%E3%80%81%E8%91%A3%E4%BA%8B%E4%BC%9A%E3%80%81%E7%9B%91%E4%BA%8B%E4%BC%9A%E5%AF%B9%E4%BC%9A%E8%AE%A1%E5%B8%88%E4%BA%8B%E5%8A%A1%E6%89%80%E6%9C%AC%E6%8A%A5%E5%91%8A%E6%9C%9F%E2%80%9C%E9%9D%9E%E6%A0%87%E5%87%86%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A%E2%80%9D%E7%9A%84%E8%AF%B4%E6%98%8E) During the reporting period, there were no explanations from the Board of Directors or Supervisory Board regarding a "non-standard audit report" for the current period - The company had no explanations from the Board of Directors or Supervisory Board regarding a "non-standard audit report" for the current period[49](index=49&type=chunk) [6. Board of Directors' Explanations on "Non-Standard Audit Report" for the Previous Year](index=23&type=section&id=%E5%85%AD%E3%80%81%E8%91%A3%E4%BA%8B%E4%BC%9A%E5%AF%B9%E4%B8%8A%E5%B9%B4%E5%BA%A6%E2%80%9C%E9%9D%9E%E6%A0%87%E5%87%86%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A%E2%80%9D%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5%E7%9A%84%E8%AF%B4%E6%98%8E) During the reporting period, there were no explanations from the Board of Directors regarding a "non-standard audit report" for the previous year - The company had no explanations from the Board of Directors regarding a "non-standard audit report" for the previous year[49](index=49&type=chunk) [7. Bankruptcy and Reorganization Matters](index=23&type=section&id=%E4%B8%83%E3%80%81%E7%A0%B4%E4%BA%A7%E9%87%8D%E6%95%B4%E7%9B%B8%E5%85%B3%E4%BA%8B%E9%A1%B9) No bankruptcy and reorganization matters occurred during the reporting period - No bankruptcy and reorganization matters occurred for the company during the reporting period[49](index=49&type=chunk) [8. Litigation Matters](index=23&type=section&id=%E5%85%AB%E3%80%81%E8%AF%89%E8%AE%BC%E4%BA%8B%E9%A1%B9) No significant litigation or arbitration matters occurred during the reporting period; other lawsuits as plaintiff totaled **63.25 million Yuan**, with no material impact - The company had no significant litigation or arbitration matters during this reporting period[49](index=49&type=chunk) Summary of Other Litigation Matters | Basic Information of Litigation (Arbitration) | Amount Involved (10,000 Yuan) | Provision for Estimated Liabilities | Litigation (Arbitration) Progress | Outcome and Impact of Litigation (Arbitration) | | :--- | :--- | :--- | :--- | :--- | | Summary of other lawsuits where the company and its controlled subsidiaries are plaintiffs, not meeting the disclosure threshold for significant litigation | 6,324.91 | No | Some cases concluded, some still in progress | No significant impact | [9. Penalties and Rectification](index=24&type=section&id=%E4%B9%9D%E3%80%81%E5%A4%84%E7%BD%9A%E5%8F%8A%E6%95%B4%E6%94%B9%E6%83%85%E5%86%B5) No penalties or rectification situations occurred during the reporting period - No penalties or rectification situations occurred for the company during the reporting period[51](index=51&type=chunk) [10. Integrity Status of the Company, its Controlling Shareholder, and Actual Controller](index=24&type=section&id=%E5%8D%81%E3%80%81%E5%85%AC%E5%8F%B8%E5%8F%8A%E5%85%B6%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E3%80%81%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E7%9A%84%E8%AF%9A%E4%BF%A1%E7%8A%B6%E5%86%B5) No integrity issues concerning the company, its controlling shareholder, or actual controller were identified during the reporting period - No integrity issues concerning the company, its controlling shareholder, or actual controller were identified during the reporting period[51](index=51&type=chunk) [11. Significant Related Party Transactions](index=24&type=section&id=%E5%8D%81%E4%B8%80%E3%80%81%E9%87%8D%E5%A4%A7%E5%85%B3%E8%81%94%E4%BA%A4%E6%98%93) The company engaged in daily related party transactions, including procurement, sales, and financial services, with pricing based on market principles, and also had related party debt and lease arrangements Daily Related Party Transactions (Procurement and Sales) | Related Party | Related Party Transaction Type | Related Party Transaction Content | Related Party Transaction Amount (10,000 Yuan) | % of Similar Transactions | | :--- | :--- | :--- | :--- | :--- | | Wuhan Optics Valley Aerospace Sanjiang Laser Industry Technology Research Institute Co., Ltd. | Procurement of goods, procurement of services | Procurement of materials, procurement of services | 682.22 | 0.62 | | Wuhan Raycus Laser Chip Technology Co., Ltd. | Procurement of goods, procurement of services | Procurement of materials | 3,993.53 | 3.62 | | Other controlled subsidiaries of China Aerospace Science and Industry Corporation | Procurement of goods, procurement of services | Procurement of materials, procurement of services | 850.88 | 0.77 | | Wuhan Optics Valley Aerospace Sanjiang Laser Industry Technology Research Institute Co., Ltd. | Sale of goods, provision of services | Sale of goods, provision of technical services | 1,514.87 | 0.96 | | Wuhan Raycus Laser Chip Technology Co., Ltd. | Sale of goods, provision of services | Sale of goods, provision of technical services | 0.45 | 0.00 | | Other controlled subsidiaries of China Aerospace Science and Industry Corporation | Sale of goods, provision of services | Sale of goods, provision of technical services | 151.81 | 0.10 | | **Total** | | | **7,193.76** | | Related Party Debt and Credit Transactions (Payables to Related Parties) | Related Party | Related Relationship | Reason for Formation | Period-End Balance (10,000 Yuan) | | :--- | :--- | :--- | :--- | | China Aerospace Sanjiang Group Co., Ltd. | Controlling Shareholder | Entrusted loan to support the company's high-performance laser original technology research and industrialization project | 2,500 | Transactions with Aerospace Science and Industry Finance Co., Ltd. | Business Type | Related Relationship | Period-End Balance (10,000 Yuan) | | :--- | :--- | :--- | | Deposit Business | Same ultimate controlling party | 1,057.59 | | Loan Business | Same ultimate controlling party | 40,000 | | Credit Business | Same ultimate controlling party | 40,000 (Actual amount incurred) | - The company and its controlled subsidiary Ruixin Fiber engaged in related party leases with Wuhan Optics Valley Aerospace Sanjiang Laser Industry Technology Research Institute Co., Ltd. for R&D offices, production, and after-sales maintenance[60](index=60&type=chunk) - Controlling shareholder Aerospace Sanjiang provided a second tranche of state-owned capital support of **21.60 million Yuan** for the company's high-performance laser original technology research and industrialization project[60](index=60&type=chunk) [12. Significant Contracts and Their Performance](index=27&type=section&id=%E5%8D%81%E4%BA%8C%E3%80%81%E9%87%8D%E5%A4%A7%E5%90%88%E5%90%8C%E5%8F%8A%E5%85%B6%E5%B1%A5%E8%A1%8C%E6%83%85%E5%86%B5) During the reporting period, the company had related party lease agreements for R&D, production, and after-sales, but no significant guarantees or other major contracts - The company and its controlled subsidiary Ruixin Fiber engaged in related party leases with Wuhan Optics Valley Aerospace Sanjiang Laser Industry Technology Research Institute Co., Ltd[63](index=63&type=chunk) - The company had no lease projects that generated profit or loss exceeding **10%** of total profit during the reporting period[64](index=64&type=chunk) - The company had no significant guarantee situations during the reporting period[65](index=65&type=chunk) - The company had no other significant contracts during the reporting period[67](index=67&type=chunk) [13. Explanation of Other Significant Matters](index=28&type=section&id=%E5%8D%81%E4%B8%89%E3%80%81%E5%85%B6%E4%BB%96%E9%87%8D%E5%A4%A7%E4%BA%8B%E9%A1%B9%E7%9A%84%E8%AF%B4%E6%98%8E) No other significant matters requiring explanation occurred during the reporting period - No other significant matters requiring explanation occurred for the company during the reporting period[67](index=67&type=chunk) [14. Significant Matters of Company Subsidiaries](index=28&type=section&id=%E5%8D%81%E5%9B%9B%E3%80%81%E5%85%AC%E5%8F%B8%E5%AD%90%E5%85%AC%E5%8F%B8%E9%87%8D%E5%A4%A7%E4%BA%8B%E9%A1%B9) No significant matters concerning company subsidiaries occurred during the reporting period - No significant matters concerning company subsidiaries occurred during the reporting period[67](index=67&type=chunk) Part VII [Share Changes and Shareholder Information](index=29&type=section&id=%E7%AC%AC%E4%B8%83%E8%8A%82%20%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E5%8F%8A%E8%82%A1%E4%B8%9C%E6%83%85%E5%86%B5) This section details changes in the company's share capital, shareholder structure, and related information [1. Share Changes](index=29&type=section&id=%E4%B8%80%E3%80%81%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) During the reporting period, the company's total shares remained unchanged at **564,821,828 shares**, with a slight increase in restricted shares and a corresponding decrease in unrestricted shares due to senior management lock-up shares Share Change Information | Category | Quantity Before This Change (shares) | Proportion (%) | Increase/Decrease (Other) (shares) | Subtotal (shares) | Quantity After This Change (shares) | Proportion (%) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | I. Restricted Shares | 55,547,436 | 9.83 | 750 | 750 | 55,548,186 | 9.83 | | II. Unrestricted Shares | 509,274,392 | 90.17 | -750.00 | -750.00 | 509,273,642.00 | 90.17 | | III. Total Shares | 564,821,828 | 100.00 | 0 | 0 | 564,821,828.00 | 100.00 | Restricted Share Change Information | Shareholder Name | Initial Restricted Shares (shares) | Restricted Shares Increased This Period (shares) | Period-End Restricted Shares (shares) | Reason for Restriction | | :--- | :--- | :--- | :--- | :--- | | Huang Huang | 0 | 750 | 750 | Senior management lock-up shares | | Total | 55,547,436 | 750 | 55,548,186 | | [2. Securities Issuance and Listing](index=31&type=section&id=%E4%BA%8C%E3%80%81%E8%AF%81%E5%88%B8%E5%8F%91%E8%A1%8C%E4%B8%8E%E4%B8%8A%E5%B8%82%E6%83%85%E5%86%B5) No securities issuance or listing occurred during the reporting period - No securities issuance or listing occurred for the company during the reporting period[70](index=70&type=chunk) [3. Number of Shareholders and Shareholding](index=31&type=section&id=%E4%B8%89%E3%80%81%E5%85%AC%E5%8F%B8%E8%82%A1%E4%B8%9C%E6%95%B0%E9%87%8F%E5%8F%8A%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5) As of the end of the reporting period, the company had **40,064** common shareholders, with China Aerospace Sanjiang Group Co., Ltd. as the controlling shareholder holding **33.80%** - The total number of common shareholders at the end of the reporting period was **40,064**[70](index=70&type=chunk) Top 10 Shareholders' Shareholding | Shareholder Name | Shareholder Nature | Shareholding Ratio (%) | Period-End Shareholding (shares) | Restricted Shares Held (shares) | Unrestricted Shares Held (shares) | Share Status | Quantity (shares) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | China Aerospace Sanjiang Group Co., Ltd. | State-owned Legal Person | 33.80 | 190,935,612 | 0 | 190,935,612 | Not applicable | 0 | | Yan Dapeng | Domestic Natural Person | 9.03 | 50,989,283 | 38,241,962 | 12,747,321 | Not applicable | 0 | | Lu Kunzhong | Domestic Natural Person | 2.98 | 16,814,641 | 12,610,981 | 4,203,660 | Pledged | 5,950,000 | | Li Cheng | Domestic Natural Person | 2.25 | 12,705,700 | 0 | 12,705,700 | Pledged | 3,790,000 | | Hong Kong Securities Clearing Company Limited | Overseas Legal Person | 1.64 | 9,278,582 | 0 | 9,278,582 | Not applicable | 0 | | Wang Kehan | Domestic Natural Person | 1.51 | 8,555,090 | 0 | 8,555,090 | Not applicable | 0 | | Yan Changkun | Domestic Natural Person | 1.44 | 8,142,900 | 0 | 8,142,900 | Not applicable | 0 | | Jiangsu Xinhengtong Investment Group Co., Ltd. | Domestic Non-State-owned Legal Person | 0.69 | 3,913,516 | 0 | 3,913,516 | Frozen | 2,000,000 | | Bank of China Co., Ltd. - SDIC UBS Ruiying Flexible Allocation Mixed Securities Investment Fund (LOF) | Other | 0.69 | 3,892,668 | 0 | 3,892,668 | Not applicable | 0 | | Bank of China Co., Ltd. - SDIC UBS Beautiful China Flexible Allocation Mixed Securities Investment Fund | Other | 0.56 | 3,190,157 | 0 | 3,190,157 | Not applicable | 0 | - Shareholder Yan Changkun is the brother of shareholder Yan Dapeng; the company is unaware of any other related party relationships or concerted actions among other shareholders[71](index=71&type=chunk)[72](index=72&type=chunk) [4. Cumulative Pledged Shares of Controlling Shareholder or First Largest Shareholder and Their Concerted Parties Reaching 80% of Their Holdings](index=33&type=section&id=%E5%9B%9B%E3%80%81%E5%85%AC%E5%8F%B8%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E6%88%96%E7%AC%AC%E4%B8%80%E5%A4%A7%E8%82%A1%E4%B8%9C%E5%8F%8A%E5%85%B6%E4%B8%80%E8%87%B4%E8%A1%8C%E5%8A%A8%E4%BA%BA%E7%B4%AF%E8%AE%A1%E8%B4%A8%E6%8A%BC%E8%82%A1%E4%BB%BD%E6%95%B0%E9%87%8F%E5%8D%A0%E5%85%B6%E6%89%80%E6%8C%81%E5%85%AC%E5%8F%B8%E8%82%A1%E4%BB%BD%E6%95%B0%E9%87%8F%E6%AF%94%E4%BE%8B%E8%BE%BE%E5%88%B0%2080%25) During the reporting period, there was no situation where the cumulative pledged shares of the controlling shareholder or first largest shareholder and their concerted parties reached 80% of their holdings - The company had no situation where the cumulative pledged shares of the controlling shareholder or first largest shareholder and their concerted parties reached **80%** of their holdings during the reporting period[72](index=72&type=chunk) [5. Changes in Shareholdings of Directors, Supervisors, and Senior Management](index=33&type=section&id=%E4%BA%94%E3%80%81%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E5%92%8C%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E6%8C%81%E8%82%A1%E5%8F%98%E5%8A%A8) No changes in shareholdings of the company's directors, supervisors, and senior management occurred during the reporting period - No changes in shareholdings of the company's directors, supervisors, and senior management occurred during the reporting period[72](index=72&type=chunk) [6. Changes in Controlling Shareholder or Actual Controller](index=33&type=section&id=%E5%85%AD%E3%80%81%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E6%88%96%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E5%8F%98%E6%9B%B4%E6%83%85%E5%86%B5) No changes in the controlling shareholder or actual controller occurred during the reporting period - The company's controlling shareholder did not change during the reporting period[72](index=72&type=chunk) - The company's actual controller did not change during the reporting period[72](index=72&type=chunk) Part VIII [Preferred Shares Information](index=34&type=section&id=%E7%AC%AC%E5%85%AB%E8%8A%82%20%E4%BC%98%E5%85%88%E8%82%A1%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) This section confirms the absence of preferred shares during the reporting period [No Preferred Shares During the Reporting Period](index=34&type=section&id=%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%85%AC%E5%8F%B8%E4%B8%8D%E5%AD%98%E5%9C%A8%E4%BC%98%E5%85%88%E8%82%A1) The company had no preferred shares during the reporting period - The company had no preferred shares during the reporting period[73](index=73&type=chunk) Part IX [Bond Information](index=35&type=section&id=%E7%AC%AC%E4%B9%9D%E8%8A%82%20%E5%80%BA%E5%88%B8%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) This section confirms the absence of bond-related situations during the reporting period [No Bonds During the Reporting Period](index=35&type=section&id=%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%85%AC%E5%8F%B8%E4%B8%8D%E5%AD%98%E5%9C%A8%E5%80%BA%E5%88%B8) The company had no bond-related situations during the reporting period - The company had no bond-related situations during the reporting period[74](index=74&type=chunk) Part X [Financial Report](index=36&type=section&id=%E7%AC%AC%E5%8D%81%E8%8A%82%20%E8%B4%A2%E5%8A%A1%E6%8A%A5%E5%91%8A) This section presents the company's financial statements, including balance sheets, income statements, cash flow statements, and statements of changes in owners' equity [1. Audit Report](index=36&type=section&id=%E4%B8%80%E3%80%81%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A) The company's half-year financial report was not audited - The company's half-year financial report was not audited[75](index=75&type=chunk) [2. Financial Statements](index=36&type=section&id=%E4%BA%8C%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section provides the company's H1 2024 consolidated and parent company balance sheets, income statements, cash flow statements, and statements of changes in owners' equity [1. Consolidated Balance Sheet](index=36&type=section&id=1%E3%80%81%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of June 30, 2024, the company's total consolidated assets were **5.72 billion Yuan**, total liabilities **2.37 billion Yuan**, and owners' equity attributable to the parent company **3.26 billion Yuan** Consolidated Balance Sheet Key Data (Period-End Balance) | Item | Amount (Yuan) | | :--- | :--- | | Total Assets | 5,716,195,038.33 | | Total Current Assets | 4,063,517,889.29 | | Total Non-Current Assets | 1,652,677,149.04 | | Total Liabilities | 2,371,073,781.71 | | Total Current Liabilities | 2,163,622,722.41 | | Total Owners' Equity Attributable to Parent Company | 3,255,594,689.35 | [2. Parent Company Balance Sheet](index=38&type=section&id=2%E3%80%81%E6%AF%8D%E5%85%AC%E5%8F%B8%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of June 30, 2024, the parent company's total assets were **4.84 billion Yuan**, total liabilities **2.15 billion Yuan**, and owners' equity **2.69 billion Yuan** Parent Company Balance Sheet Key Data (Period-End Balance) | Item | Amount (Yuan) | | :--- | :--- | | Total Assets | 4,840,261,839.98 | | Total Current Assets | 2,875,340,690.86 | | Total Non-Current Assets | 1,964,921,149.12 | | Total Liabilities | 2,151,450,516.20 | | Total Current Liabilities | 1,970,349,524.04 | | Total Owners' Equity | 2,688,811,323.78 | [3. Consolidated Income Statement](index=40&type=section&id=3%E3%80%81%E5%90%88%E5%B9%B6%E5%88%A9%E6%B6%A6%E8%A1%A8) For H1 2024, the company achieved total consolidated operating revenue of **1.59 billion Yuan**, net profit of **98.02 million Yuan**, and net profit attributable to parent company shareholders of **95.89 million Yuan** Consolidated Income Statement Key Data (2024 Half-Year) | Item | Amount (Yuan) | | :--- | :--- | | Total Operating Revenue | 1,587,154,818.46 | | Operating Profit | 102,302,300.05 | | Total Profit | 102,479,551.07 | | Net Profit | 98,024,530.31 | | Net Profit Attributable to Parent Company Shareholders | 95,894,433.24 | | Basic Earnings Per Share (Yuan/share) | 0.1708 | [4. Parent Company Income Statement](index=42&type=section&id=4%E3%80%81%E6%AF%8D%E5%85%AC%E5%8F%B8%E5%88%A9%E6%B6%A6%E8%A1%A8) For H1 2024, the parent company achieved operating revenue of **1.66 billion Yuan**, net profit of **53.19 million Yuan**, and investment income of **67 million Yuan** Parent Company Income Statement Key Data (2024 Half-Year) | Item | Amount (Yuan) | | :--- | :--- | | Operating Revenue | 1,657,464,205.96 | | Operating Profit | 42,196,881.16 | | Total Profit | 42,168,917.96 | | Net Profit | 53,187,771.81 | | Investment Income | 67,000,000.00 | [5. Consolidated Cash Flow Statement](index=44&type=section&id=5%E3%80%81%E5%90%88%E5%B9%B6%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) For H1 2024, the company's net cash flow from operating activities was **238.36 million Yuan**, a **381.80%** year-on-year increase, with a net increase in cash and cash equivalents of **79.97 million Yuan** Consolidated Cash Flow Statement Key Data (2024 Half-Year) | Item | Amount (Yuan) | | :--- | :--- | | Net Cash Flow from Operating Activities | 238,363,023.51 | | Net Cash Flow from Investing Activities | -44,012,538.78 | | Net Cash Flow from Financing Activities | -115,870,134.67 | | Net Increase in Cash and Cash Equivalents | 79,973,299.87 | | Period-End Cash and Cash Equivalents Balance | 881,227,137.96 | [6. Parent Company Cash Flow Statement](index=45&type=section&id=6%E3%80%81%E6%AF%8D%E5%85%AC%E5%8F%B8%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) For H1 2024, the parent company's net cash flow from operating activities was **242.79 million Yuan**, with a net increase in cash and cash equivalents of **123.30 million Yuan** Parent Company Cash Flow Statement Key Data (2024 Half-Year) | Item | Amount (Yuan) | | :--- | :--- | | Net Cash Flow from Operating Activities | 242,794,998.33 | | Net Cash Flow from Investing Activities | -7,913,898.04 | | Net Cash Flow from Financing Activities | -113,054,927.65 | | Net Increase in Cash and Cash Equivalents | 123,302,052.31 | | Period-End Cash and Cash Equivalents Balance | 603,143,890.38 | [7. Consolidated Statement of Changes in Owners' Equity](index=46&type=section&id=7%E3%80%81%E5%90%88%E5%B9%B6%E6%89%80%E6%9C%89%E8%80%85%E6%9D%83%E7%9B%8A%E5%8F%98%E5%8A%A8%E8%A1%A8) For H1 2024, consolidated owners' equity increased by **40.81 million Yuan** to **3.35 billion Yuan**, primarily due to comprehensive income and share-based payments Consolidated Statement of Changes in Owners' Equity (2024 Half-Year) | Item | Beginning Balance (Yuan) | Change Amount This Period (Yuan) | Period-End Balance (Yuan) | | :--- | :--- | :--- | :--- | | Total Owners' Equity Attributable to Parent Company | 3,217,125,229.64 | 38,469,459.71 | 3,255,594,689.35 | | Minority Interests | 87,187,616.48 | 2,338,950.79 | 89,526,567.27 | | Total Owners' Equity | 3,304,312,846.12 | 40,808,410.50 | 3,345,121,256.62 | | Of which: Total Comprehensive Income | | 95,894,433.24 | | | Share-Based Payment Included in Owners' Equity | | 4,050,564.09 | | | Distribution to Owners (or Shareholders) | | -67,778,619.36 | | [8. Parent Company Statement of Changes in Owners' Equity](index=50&type=section&id=8%E3%80%81%E6%AF%8D%E5%85%AC%E5%8F%B8%E6%89%80%E6%9C%89%E8%80%85%E6%9D%83%E7%9B%8A%E5%8F%98%E5%8A%A8%E8%A1%A8) For H1 2024, parent company owners' equity decreased by **8.04 million Yuan** to **2.69 billion Yuan**, influenced by comprehensive income, share-based payments, and profit distribution Parent Company Statement of Changes in Owners' Equity (2024 Half-Year) | Item | Beginning Balance (Yuan) | Change Amount This Period (Yuan) | Period-End Balance (Yuan) | | :--- | :--- | :--- | :--- | | Total Owners' Equity | 2,696,851,046.62 | -8,039,722.84 | 2,688,811,323.78 | | Of which: Total Comprehensive Income | | 53,187,771.81 | | | Share-Based Payment Included in Owners' Equity | | 4,050,564.09 | | | Distribution to Owners (or Shareholders) | | -67,778,619.36 | | [3. Company Basic Information](index=54&type=section&id=%E4%B8%89%E3%80%81%E5%85%AC%E5%8F%B8%E5%9F%BA%E6%9C%AC%E6%83%85%E5%86%B5) Wuhan Raycus Fiber Laser Technologies Co., Ltd., established in 2007 and listed in 2018, specializes in R&D, production, and sales of fiber lasers and optical components, with a share capital of **564.82 million Yuan** as of June 30, 2024 - The company was established on April 6, 2007, and listed on the ChiNext board of the Shenzhen Stock Exchange in 2018[103](index=103&type=chunk) - Principal business activities include R&D, production, wholesale and retail, maintenance services, and technical consulting for high-power pulsed and continuous fiber lasers, high-power semiconductor lasers, solid-state lasers, and optical and optoelectronic components[104](index=104&type=chunk) - The controlling shareholder is China Aerospace Sanjiang Group Co., Ltd., and the actual controller is China Aerospace Science and Industry Corporation[104](index=104&type=chunk) - As of June 30, 2024, the company's share capital was **564,821,828.00 Yuan**[104](index=104&type=chunk) [4. Basis of Financial Statement Preparation](index=55&type=section&id=%E5%9B%9B%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E7%9A%84%E7%BC%96%E5%88%B6%E5%9F%BA%E7%A1%80) These financial statements are prepared in accordance with the Accounting Standards for Business Enterprises issued by the Ministry of Finance and relevant regulations of the China Securities Regulatory Commission, on a going concern basis - These financial statements are prepared in accordance with the Accounting Standards for Business Enterprises issued by the Ministry of Finance and the relevant provisions of the China Securities Regulatory Commission's "Information Disclosure Rules for Companies Issuing Securities No. 15 - General Provisions for Financial Reports (Revised 2023)"[105](index=105&type=chunk) - These financial statements are prepared on a going concern basis[106](index=106&type=chunk) [5. Significant Accounting Policies and Accounting Estimates](index=55&type=section&id=%E4%BA%94%E3%80%81%E9%87%8D%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%94%BF%E7%AD%96%E5%8F%8A%E4%BC%9A%E8%AE%A1%E4%BC%B0%E8%AE%A1) This section details the company's significant accounting policies and estimates for business combinations, financial instruments, inventories, fixed assets, intangible assets, revenue recognition, government grants, deferred income tax, and leases - The company adheres to the Accounting Standards for Business Enterprises, accurately and completely reflecting its financial position, operating results, and cash flows[108](index=108&type=chunk) - The company uses Renminbi as its bookkeeping currency, and its operating cycle is 12 months[109](index=109&type=chunk)[110](index=110&type=chunk)[111](index=111&type=chunk) - Financial assets are classified as measured at amortized cost, at fair value through other comprehensive income, or at fair value through profit or loss[121](index=121&type=chunk) - Inventories are initially measured at cost, valued using the weighted average method upon issuance, and measured at the lower of cost and net realizable value, with provisions for inventory depreciation[137](index=137&type=chunk)[138](index=138&type=chunk) - Fixed assets are initially measured at cost and depreciated using the straight-line method, with buildings and structures depreciated over 10-30 years, and machinery and equipment over 4-10 years[145](index=145&type=chunk)[146](index=146&type=chunk) - Revenue is recognized when performance obligations in the contract are satisfied, i.e., when the customer obtains control of the related goods or services[171](index=171&type=chunk) [6. Taxation](index=85&type=section&id=%E5%85%AD%E3%80%81%E7%A8%8E%E9%A1%B9) This section lists the main tax categories and applicable rates for the company and its subsidiaries, highlighting high-tech enterprise tax incentives and small and micro-enterprise tax benefits Main Tax Categories and Rates | Tax Category | Tax Base | Tax Rate | | :--- | :--- | :--- | | Value-Added Tax | Sales of goods and taxable services income | 6%, 9%, 13% | | Urban Maintenance and Construction Tax | Actual VAT and consumption tax paid | 7% | | Enterprise Income Tax | Taxable income | 15%, 20%, 25% | | Education Surcharge | Actual VAT and consumption tax paid | 3% | | Local Education Surcharge | Actual VAT and consumption tax paid | 2% | Taxpayer Income Tax Rates | Taxpayer Name | Income Tax Rate (%) | | :--- | :--- | | Wuhan Raycus Fiber Laser Technologies Co., Ltd. | 15 | | Wuhan Ruixin Special Fiber Co., Ltd. | 15 | | Wuxi Raycus Fiber Laser Technology Co., Ltd. | 15 | | Guoshen Optoelectronics Technology (Shanghai) Co., Ltd. | 15 | | Jiaxing Ruihui Electronic Technology Co., Ltd. | 20 | | Wuhan Ruiwei Special Light Source Co., Ltd. | 15 | | Hubei Smart Photon Technology Co., Ltd. | 25 | - The company and several subsidiaries (Wuhan Raycus, Wuhan Ruixin, Wuxi Raycus, Guoshen Optoelectronics, Wuhan Ruiwei) are recognized as high-tech enterprises, enjoying a **15%** enterprise income tax preferential policy[187](index=187&type=chunk)[188](index=188&type=chunk)[189](index=189&type=chunk) - Jiaxing Ruihui Electronic Technology Co., Ltd. is a small and micro-enterprise, with taxable income reduced by **25%** and enterprise income tax paid at a **20%** rate[189](index=189&type=chunk) [7. Notes to Consolidated Financial Statement Items](index=86&type=section&id=%E4%B8%83%E3%80%81%E5%90%88%E5%B9%B6%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E9%A1%B9%E7%9B%AE%E6%B3%A8%E9%87%8A) This section provides detailed notes for consolidated financial statement items, including assets, liabilities, equity, revenue, costs, and expenses, with period-end balances, beginning balances, and changes Monetary Funds Composition (Period-End Balance) | Item | Amount (Yuan) | | :--- | :--- | | Bank Deposits | 870,651,266.66 | | Other Monetary Funds | 97,107,393.46 | | Funds Deposited with Finance Company | 10,575,871.30 | | **Total** | **978,334,531.42** | Notes Receivable Classification (Period-End Balance) | Item | Amount (Yuan) | | :--- | :--- | | Bank Acceptance Bills | 562,896,304.75 | | Commercial Acceptance Bills | 19,666,180.31 | | Less: Impairment Provision | -589,985.41 | | **Total** | **581,972,499.65** | Accounts Receivable Aging Distribution (Period-End Book Balance) | Aging | Amount (Yuan) | | :--- | :--- | | Within 1 year (inclusive) | 880,674,675.82 | | 1 to 2 years | 55,315,551.91 | | 2 to 3 years | 22,981,222.98 | | Over 3 years | 16,714,992.16 | | **Total** | **975,686,442.87** | Inventory Classification (Period-End Book Value) | Item | Amount (Yuan) | | :--- | :--- | | Raw Materials | 189,731,118.31 | | Work in Progress | 270,445,394.07 | | Finished Goods | 341,767,002.65 | | Semi-finished Goods | 315,194,890.10 | | **Total** | **1,129,603,743.29** | Operating Revenue and Operating Cost (Current Period Amount) | Item | Revenue (Yuan) | Cost (Yuan) | | :--- | :--- | :--- | | Principal Business | 1,581,086,834.67 | 1,158,652,510.69 | | Other Business | 6,067,983.79 | 4,008,768.70 | | **Total** | **1,587,154,818.46** | **1,162,661,279.39** | [8. Research and Development Expenses](index=142&type=section&id=%E5%85%AB%E3%80%81%E7%A0%94%E5%8F%91%E6%94%AF%E5%87%BA) For H1 2024, the company's total R&D expenditure was **156.05 million Yuan**, fully expensed, primarily for employee compensation, materials, and depreciation, with no capitalized R&D projects R&D Expenditure Details (2024 Half-Year) | Item | Amount (Yuan) | | :--- | :--- | | Employee Compensation | 75,899,623.28 | | Material Costs | 40,622,499.14 | | Depreciation and Amortization | 16,277,110.13 | | Fuel and Power Costs | 6,000,695.99 | | Outsourcing Fees | 5,184,178.98 | | Management Fees | 4,364,488.80 | | Trial Production Equipment Costs | 2,720,546.28 | | Share-Based Payment | 1,858,379.27 | | Travel Expenses | 935,020.01 | | Testing and Processing Fees | 910,143.15 | | Administrative Fees | 828,510.48 | | Other | 446,752.14 | | **Total** | **156,047,947.65** | | Of which: Expensed R&D Expenditure | 156,047,947.65 | - The company had no R&D projects meeting capitalization criteria in this period[332](index=332&type=chunk) [9. Changes in Consolidation Scope](index=143&type=section&id=%E4%B9%9D%E3%80%81%E5%90%88%E5%B9%B6%E8%8C%83%E5%9B%B4%E7%9A%84%E5%8F%98%E6%9B%B4) During the reporting period, no changes in consolidation scope occurred due to non-common control business combinations, common control business combinations, or disposal of subsidiaries, and the company's shareholding and voting rights in subsidiaries were consistent - The company had no non-common control business combinations during the reporting period[334](index=334&type=chunk) - The company had no common control business combinations during the reporting period[337](index=337&type=chunk) - The company had no transactions or events resulting in loss of control over subsidiaries during the reporting period[338](index=338&type=chunk) - The shareholding ratio and voting rights ratio in subsidiaries are consistent[340](index=340&type=chunk) [10. Interests in Other Entities](index=146&type=section&id=%E5%8D%81%E3%80%81%E5%9C%A8%E5%85%B6%E4%BB%96%E4%B8%BB%E4%BD%93%E4%B8%AD%E7%9A%84%E6%9D%83%E7%9B%8A) The company holds interests in six subsidiaries, including wholly-owned and non-wholly-owned entities, with Guoshen Optoelectronics' profit declining due to product price reductions and other factors Enterprise Group Composition | Subsidiary Name | Registered Capital (Yuan) | Main Operating Location | Business Nature | Direct Shareholding (%) | Acquisition Method | | :--- | :--- | :--- |

证券代码：300747 证券简称：锐科激光 公告编号：2024-038 武汉锐科光纤激光技术股份有限公司 职工代表监事由工会充分听取职工意见后提名候选人，经职工代表大会选举 产生。 三、非职工代表监事候选人人选的提名 1.监事会有权提名第四届监事会非职工代表监事候选人人选； 2.本公告发布之日单独或合计持有公司股份总数 1%以上（含 1%）的股东有 权向监事会书面提名第四届监事会非职工代表监事候选人人选。单个提名人提名 的非职工代表监事候选人人选数量不得超过本次拟选非职工代表监事人数。 武汉锐科光纤激光技术股份有限公司（以下简称公司）监事会即将开展换届 选举工作。监事会依据《中华人民共和国公司法》《深圳证券交易所创业板股票 上市规则》《深圳证券交易所上市公司自律监管指引第 2 号——创业板上市公司 规范运作》等有关法律法规、规范性文件及《公司章程》《公司股东大会议事规 则》等的相关规定，将第四届监事会的组成、监事的选举方式、非职工代表监事 候选人人选的提名及候选人提名、本次换届选举的程序、非职工代表监事任职资 格等事项公告如下： 一、第四届监事会的组成 公司第四届监事会将由 5 名监事组成，其中非职工代表监事 ...

证券代码：300747 证券简称：锐科激光 公告编号：2024-037 （二）独立董事候选人的提名 公司董事会、监事会及截至本公告发布之日单独或合计持有公司股份总数 1%以上（含 1%）的股东有权提名独立董事候选人，但提名人数不能超过应选独 立董事总数。 武汉锐科光纤激光技术股份有限公司 关于公司董事会换届选举的提示性公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 武汉锐科光纤激光技术股份有限公司（以下简称"公司"）董事会即将开展 换届选举工作。董事会依据《中华人民共和国公司法》《深圳证券交易所创业板 股票上市规则》《上市公司独立董事管理办法》《深圳证券交易所上市公司自律 监管指引第 2 号——创业板上市公司规范运作》等有关法律法规、规范性文件 及《公司章程》《公司股东大会议事规则》《公司独立董事工作制度》等的相关 规定，将第四届董事会的组成、董事的选举方式、董事候选人人选的提名及候选 人提名、本次换届选举的程序、董事任职资格等事项公告如下： 一、第四届董事会的组成 公司第四届董事会将由 9 名董事组成，其中独立董事 3 名；董事任期自相关 股东会选举通 ...

证券代码：300747 证券简称：锐科激光 公告编号：2024-036 武汉锐科光纤激光技术股份有限公司 第三届董事会第三十二次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 目前，公司拟开展光纤激光器产研能力提升建设项目一期建设，计划分摊上 述建设用地 107 亩，新建建筑面积 105,451.44 平方米，新增特种光源及试验检 1 测中心、中试和售后服务中心、科研保障中心、门房、设备用房，项目预计总投 资为 48,950.00 万元，资金来源为公司自行筹措解决，建设周期为 36 个月。 公司开展光纤激光器产研能力提升建设项目一期建设有助于解决特种光源 产业发展瓶颈、提升研发转产及售后服务的响应速度、解决生活配套分散的实际 问题，助力公司在武汉光谷区域形成完善的产业链。 公司将持续跟进项目建设进展情况，严格按照相关规定履行信息披露义务。 敬请广大投资者注意投资风险。 一、董事会会议召开情况 武汉锐科光纤激光技术股份有限公司（以下简称"公司"）于 2024 年 8 月 15 日 11:00 以通讯会议形式召开了第三届董事会第三十二次会议，会议由公 ...