武汉联特科技股份有限公司 2024年年度报告披露的提示性公告 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。 武汉联特科技股份有限公司（以下简称"公司"）于 2025 年 4 月 21 日召开 了第二届董事会第十二次会议及第二届监事会第十一次会议，审议通过了《关于 <2024 年年度报告>及其摘要的议案》。 证券代码：301205 证券简称：联特科技 公告编号：2025-004 2025 年 4 月 23 日 1 为使投资者全面了解公司的经营成果、财务状况及未来发展规划，公司《2024 年年度报告》《2024 年年度报告摘要》于 2025 年 4 月 23 日刊登于中国证监会 指定的创业板信息披露网站巨潮资讯网（http://www.cninfo.com.cn）。敬请广大 投资者注意查阅。 特此公告。 武汉联特科技股份有限公司董事会 ...

证券代码： 301205 证券简称： 联特科技 公告编号：2025-016 武汉联特科技股份有限公司 关于召开2024年年度股东大会的通知 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 根据武汉联特科技股份有限公司（以下简称"公司"或"联特科技"）第二届 董事会第十二次会议决议，公司定于2025年5月14日（星期三）下午14:00在公 司会议室召开2024年年度股东大会，本次会议采取现场表决与网络投票相结合 的方式召开，现将召开本次会议的相关事宜通知如下： 一、召开会议的基本情况 1、股东大会届次：2024年年度股东大会 2、股东大会的召集人：公司董事会 5、会议的召开方式： 本次股东大会采取现场表决和网络投票相结合的方式召开。 （1）现场投票：股东本人出席现场会议或者通过授权委托书（详见附件 二）委托他人出席现场会议。 （2）网络投票：公司将通过深圳证券交易所系统和互联网投票系统 （http://wltp.cninfo.com.cn）向全体股东提供网络投票平台，股东可以在网络投票 时间内通过上述系统行使表决权。 同一表决权只能选择现场投票和网络投票中的一种 ...

证券代码：301205 证券简称：联特科技 公告编号：2025-009 武汉联特科技股份有限公司 第二届监事会第十一次会议决议公告 本公司及监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。 武汉联特科技股份有限公司（以下简称"公司"）第二届监事会第十一次会议 于 2025 年 4 月 21 日在公司会议室以现场会议的方式召开。本次监事会会议的通 知于 2025 年 4 月 10 日通过电子邮件等方式送达各位监事。本次会议应出席监事 3 名，实际出席监事 3 名。本次会议由监事会主席左静女士主持。 会议的召开符合《中华人民共和国公司法》和《公司章程》的规定。与会监 事对本次会议的议案进行了认真审议，会议决议如下： 一、审议通过《关于<2024 年度监事会工作报告>的议案》 报告期内，监事会根据《中华人民共和国公司法》《公司章程》《监事会议事 规则》等有关规定和要求，本着对公司和全体股东负责的态度，认真履行并行使 监事会的监督职权和职责。对公司主要生产经营活动、财务状况以及董事和高级 管理人员履行职责情况进行了检查和监督，促进公司的健康、持续发展，推进了 公司的规范化运作。 ...

证券代码：301205 证券简称：联特科技 公告编号：2025-010 武汉联特科技股份有限公司 第二届董事会第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。 武汉联特科技股份有限公司（以下简称"公司"）第二届董事会第十二次会议 于 2025 年 4 月 21 日在公司会议室以现场结合通讯会议的方式召开。本次董事会 会议通知于 2025 年 4 月 10 日通过电子邮件等方式送达各位董事，本次董事会应 出席董事 9 人，实际出席董事 9 人，会议由公司董事长张健先生主持。 会议的召开符合《中华人民共和国公司法》和《公司章程》的规定。与会董 事对本次会议的议案进行了认真审议，会议决议如下： 一、审议通过《关于<2024 年度董事会工作报告>的议案》 具体内容详见公司同日披露于巨潮资讯网（www.cninfo.com.cn）的《2024 年 年度报告》中"第三节管理层讨论与分析"和"第四节公司治理"相关部分。 表决结果：同意 9 票，反对 0 票，弃权 0 票。 本议案尚需提交公司股东大会审议。 二、审议通过《关于<2024 年度总经理工作报告 ...

| 回购注销总额（元） | 0.00 | 0.00 | 0.00 | | --- | --- | --- | --- | | 归属于上市公司股东的净利润（元） | 92,952,620.78 | 26,482,682.91 | 113,211,923.13 | | 合并报表本年度末累计未分配利润（元） | | 289,589,543.05 | | | 母公司报表本年度末累计未分配利润（元） | | 283,192,819.95 | | | 上市是否满三个完整会计年度 | | 否 | | | 最近三个会计年度累计现金分红总额（元） | | 46,852,000.00 | | | 最近三个会计年度累计回购注销总额（元） | | 0.00 | | | 最近三个会计年度平均净利润（元） | | 77,549,075.61 | | | 最近三个会计年度累计现金分红及回购注 | | 46,852,000.00 | | | 销总额（元） | | | | | 最近三个会计年度累计研发投入总额（元） | | 202,519,010.22 | | | 最近三个会计年度累计研发投入总额占累 | | 8.72 | | | 计营业收入 ...

Financial Performance - The company's revenue for Q1 2025 reached ¥235,925,674.16, representing a 31.02% increase compared to ¥180,074,649.97 in the same period last year[5] - Net profit attributable to shareholders was ¥18,702,761.74, a significant turnaround from a loss of ¥4,676,657.90, marking a 499.92% increase[5] - Basic earnings per share improved to ¥0.1442 from a loss of ¥0.0360, reflecting a 500.56% increase[5] - The total operating revenue for the current period is CNY 235,925,674.16, an increase from CNY 180,074,649.97 in the previous period, representing a growth of approximately 31%[21] - The operating profit for the current period is CNY 20,357,340.46, compared to an operating loss of CNY 4,294,287.01 in the previous period[22] - The net profit for the current period is CNY 18,702,761.74, a significant recovery from a net loss of CNY 4,676,657.90 in the previous period[22] Cash Flow - The net cash flow from operating activities was ¥20,934,034.35, up 153.10% from ¥8,271,132.52 in Q1 2024[11] - Operating cash inflow totaled $271,670,330.05, an increase from $207,423,561.31 year-over-year[26] - Net cash outflow from operating activities was $250,736,295.70, leading to a net cash flow from operating activities of $20,934,034.35, up from $8,271,132.52[26] - Cash inflow from investment activities was $169,039,134.96, down from $243,389,651.32 year-over-year[26] - Net cash flow from investment activities was $29,184,052.20, compared to $60,037,159.56 in the previous period[26] - Cash inflow from financing activities was $119,900,000.00, significantly higher than $30,000,000.00 in the prior year[27] - Net cash flow from financing activities increased to $47,485,359.30 from $28,639,294.06 year-over-year[27] Assets and Liabilities - Total assets increased by 5.94% to ¥2,351,455,474.72 from ¥2,219,646,017.54 at the end of the previous year[5] - The total liabilities have increased to CNY 815,803,003.20 from CNY 708,657,841.99, which is an increase of approximately 15.1%[19] - The total equity attributable to the parent company has increased to CNY 1,535,652,471.52 from CNY 1,510,988,175.55, reflecting a growth of approximately 1.6%[19] Shareholder Information - Total number of common shareholders at the end of the reporting period is 20,977[13] - The largest shareholder, Zhang Jian, holds 21.14% of shares, totaling 27,429,300 shares[13] - The total number of shares held by the top 10 unrestricted shareholders is 47,000,000 shares[14] - The company has no significant changes in the top 10 shareholders participating in margin trading[14] - The total number of preferred shareholders with restored voting rights is 0[13] Research and Development - Research and development expenses rose by 102.51% to ¥21,533,453.27, compared to ¥10,633,248.54 in the same period last year[9] - Research and development expenses have increased to CNY 21,533,453.27 from CNY 10,633,248.54, reflecting a growth of approximately 102%[22] - The company has not disclosed any new product or technology developments in the current reporting period[15] Other Financial Metrics - The weighted average return on equity improved to 1.23% from -0.34% in the previous year[5] - The company experienced a 63.93% increase in notes receivable, reaching ¥4,459,091.60, due to an increase in commercial acceptance received during the period[8] - The company reported accounts receivable of ¥116,109,790.13, up from ¥106,243,412.08, marking an increase of about 9.5%[17] - The company's cash and cash equivalents increased to ¥320,964,975.48 from ¥226,619,331.87, representing a growth of approximately 41.6%[17] - Total current assets rose to ¥1,434,432,882.75 from ¥1,322,229,721.78, indicating an increase of about 8.5%[17] - Inventory increased to ¥630,880,395.66 from ¥539,714,655.10, reflecting a growth of approximately 16.9%[17] - The deferred income tax assets have increased to CNY 20,981,058.31 from CNY 20,392,510.31, showing a growth of about 2.9%[19] Tax and Refunds - The company received tax refunds amounting to $44,935,941.96, up from $32,337,486.80[26] - Total cash outflow for operating activities included $58,447,801.31 for employee payments, an increase from $41,458,558.96[26] - The impact of exchange rate changes on cash and cash equivalents was a decrease of $257,802.24[27]

Financial Performance - The company reported a profit distribution plan to distribute a cash dividend of 2 RMB (including tax) for every 10 shares based on a total of 129,744,000 shares[4]. - The company's operating revenue for 2024 reached ¥891,052,732.69, representing a 47.11% increase compared to ¥605,724,505.69 in 2023[20]. - Net profit attributable to shareholders surged to ¥92,952,620.78 in 2024, a remarkable increase of 250.99% from ¥26,482,682.91 in 2023[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥70,604,467.15, up 768.50% from ¥8,129,500.51 in the previous year[20]. - The total assets of the company increased by 27.53% to ¥2,219,646,017.54 at the end of 2024, compared to ¥1,740,535,940.05 at the end of 2023[20]. - The company reported a basic earnings per share of ¥0.7164 for 2024, reflecting a 250.83% increase from ¥0.2042 in 2023[20]. - The company achieved a revenue of 891.05 million yuan, representing a year-on-year growth of 47.11%[66]. - Net profit attributable to shareholders reached 92.95 million yuan, with a significant increase of 250.99% year-on-year[66]. - The company’s asset-liability ratio stands at 31.93%, with total assets of 2.22 billion yuan and total liabilities of 708.66 million yuan[66]. Market and Industry Outlook - The global optical module market size exceeded $10 billion in 2023, with an expected compound annual growth rate of over 25% until 2027[30]. - The data communication market has surpassed the telecom market to become the largest growth point for optical modules, driven by 5G construction and data center expansion[30]. - The AI-driven demand for Ethernet optical modules is projected to double in 2024, with significant growth expected in 2025 and 2026[35]. - The global optical module market is projected to reach $17.6 billion by 2026, growing at a compound annual growth rate (CAGR) of 13.85% from 2021 to 2026[39]. - The data communication market is expected to dominate the optical module market, increasing its share from 23% in 2020 to 77% in 2026[39]. - China's optical module deployment is forecasted to account for 25%-35% of the global total from 2018 to 2023, decreasing to 20%-25% from 2024 to 2029[42]. - North American cloud service providers are aggressively deploying 800G in AI clusters, which is a key factor for the decline in China's market share over the next 2-3 years[42]. - The Chinese government has introduced multiple policies to support the development of the optical communication industry, enhancing the growth potential of the optical module sector[45]. Research and Development - The company has invested 72.25 million yuan in R&D, accounting for approximately 8.11% of its revenue for the period[68]. - The company has developed over 1,000 different models of optical module products, covering various transmission rates, distances, and wavelengths, suitable for applications in AI, telecom transmission, wireless communication, fiber access, data centers, and optical fiber channels[49]. - The company plans to develop 800G optical modules, enhancing its competitiveness in the high-end module market[86]. - Research and development investment during the reporting period amounted to 7,224.96 million yuan, with 29 new domestic and international patents granted[129]. - The company has a total of 197 authorized patents, including 71 invention patents, providing strong technical support for its business development[63]. Corporate Governance - The company emphasizes that all board members attended the meeting to review the annual report, ensuring the accuracy and completeness of the financial statements[3]. - The company’s financial report is guaranteed to be true, accurate, and complete by the responsible persons, including the CEO and accounting head[3]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with governance standards[134]. - The company maintains independent operations in assets, personnel, finance, institutions, and business, ensuring no significant adverse impact from the controlling shareholder or actual controller[141]. - The company has established an independent financial accounting system, enabling autonomous financial decision-making and has not shared bank accounts with the controlling shareholder[145]. - The company has established a compensation and assessment committee to review the performance of non-independent directors and senior management[162]. - The board of directors has been diligent in considering the interests of minority shareholders in decision-making[167]. Risk Management - The company acknowledges potential risks in future operations, including macroeconomic fluctuations and industry volatility, which are detailed in the section on future development outlook[4]. - The company emphasizes risk management by carefully selecting counterparties and establishing a risk warning and reporting mechanism[100]. - The company has implemented measures to control various risks, including market, liquidity, credit, operational, and legal risks[99]. - The company is facing risks related to the stability of its optical communication chip supply chain, primarily relying on foreign suppliers for high-speed optical modules[123]. - The company is actively monitoring international political trends to mitigate risks from trade friction and enhance its risk resistance capabilities[123]. Operational Efficiency - The company has established a comprehensive quality management system (QMS) to enhance operational efficiency and product quality[14]. - The company employs a "make-to-order" production model, ensuring efficient production based on customer demand and minimizing inventory risks[56]. - The procurement process is centralized, with established protocols to control purchasing and optimize supply chain management through digital means[55]. - The company’s automated production processes have significantly improved production efficiency and product yield, ensuring consistency and stability[65]. - The company aims to improve delivery cycles and product competitiveness by implementing a pre-production inventory strategy based on market demand forecasts[56]. Shareholder Engagement - The company has maintained a high level of communication with investors through various channels, enhancing transparency and trust[129]. - The company held its first temporary shareholders' meeting in 2024 with a participation rate of 59.07% on April 8, 2024[148]. - The company’s annual shareholders' meeting in 2023 had a participation rate of 59.06% on May 14, 2024[148]. - The company’s second temporary shareholders' meeting in 2024 had a participation rate of 59.21% on September 13, 2024[149]. - The cash dividend represents 100% of the total profit distribution amount, indicating a strong commitment to returning value to shareholders[178]. Environmental Responsibility - The company has implemented various environmental protection measures, including waste gas, wastewater, noise, and solid waste management, complying with relevant standards[192][193][194][196]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[192]. - The company actively integrates social responsibility into its business strategy, focusing on stakeholder interests and sustainable development[198].

文/梧桐晓编 信永中和及2名签字会计师在执业过程中未予以充分关注，相关核查工作不到位，发表的核查意见不准确。深交所上市审核中心决定对信永中和、廖继平、夏翠琼 采取约见谈话的自律监管措施。深交所上市审核中心要求信永中和及2名签字会计师应当引以为戒，严格遵守法律法规、行业执业规范及本所业务规则的规定，诚 实守信、勤勉尽责，切实提高执业质量，审慎发表核查意见，保证招股说明书中与自身专业职责有关的内容和出具文件的真实、准确、完整。 深圳证券交易所文件 审核中心监管函〔2025〕8号 关于对海诺尔环保产业股份有限公司、 骆毅力、牟雪飞采取约见谈话 自律监管措施的决定 海 诺 尔 环 保 产 业 股 份 有 限 公 司 、 骆 毅 力 、 牟 雪 飞 : 4月18日晚上，深交所公布对海诺尔环保产业股份有限公司及骆毅力、牟雪飞，对申万宏源证券承销保荐有限责任公司、秦明正、王鹏，对信永中和会计师事务 所、廖继平、夏翠琼采取约见谈话自律监管措施的决定。2020 年 12 月 17 日，深交所受理了海诺尔创业板IPO的申请。申万宏源为海诺尔项目保荐机构，秦明正、 王鹏为保代；信永中和为海诺尔项目申报会计师，廖继平、夏翠琼为项目签 ...

Summary of the Conference Call for 联特科技 Company Overview - 联特科技 was established in 2011, primarily engaged in the research and production of optical modules. The company's development can be divided into three phases: - **Phase 1**: Focused on low-speed long-distance wavelength division multiplexing products and entered the international market. - **Phase 2 (2014-2020)**: Expanded to domestic and international medium to large telecom clients, developing optical modules ranging from 10G to 400G. - **Phase 3 (2020-present)**: Post-IPO, the company is advancing the research and small-scale production of 800G and 1.6T optical modules while establishing a production base in Malaysia [3][4]. Product Launches - In 2024, 联特科技 launched the 800G optical module in March and the 1.6T solution in September, with 800G achieving small-scale production. Various models of 800G and 1.6T products were showcased at the OCP exhibition in October, demonstrating their performance and stability [5]. Industry Trends - The core market of the optical module industry is currently focused on 800G, with demand expected to double in 2025 compared to 2024. Significant progress for 1.6T optical modules is not anticipated until the third or fourth quarter of 2025, providing a longer window for the 800G market [6]. R&D Investment - From 2019 to 2023, 联特科技 significantly increased its R&D investment, with the number of R&D personnel rising from 85 to 172 and R&D expenditure increasing from 26 million yuan to 57 million yuan. This has enhanced the company's competitiveness in optical chips, integrated optical devices, and optical module design and production [7]. Financial Performance - In the first three quarters of 2024, 联特科技 achieved revenue of 643 million yuan, a year-on-year increase of 46%, with a net profit attributable to shareholders of 62 million yuan, driven by a substantial increase in high-speed optical module orders [8]. Future Profit Forecast - Revenue projections for 联特科技 from 2024 to 2026 are 847 million yuan, 1.036 billion yuan, and 1.235 billion yuan, respectively. Net profits are expected to be 97 million yuan, 129 million yuan, and 166 million yuan. The current valuation is high, with a projected P/E ratio of approximately 100 times in 2024 and 80 times in 2025 [9]. Recommendations for Other Companies - Recommendations for companies like 华工科技 are based on several factors: - Their significant position in the competitive landscape. - Entry into the overseas supply chain, including the demonstration phase of high-speed optical module production in Thailand. - Growth in domestic AI industry demand. - The rapid transition from 200G to 400G and then to 800G, with a relatively longer window for 800G to 1.6T, providing opportunities for these companies [10].

Investment Rating - The report gives a "Recommended" rating for the company [10]. Core Viewpoints - The company has developed a three-step strategy to grow into a small giant in the optical module industry, focusing on technology initiation, market expansion, and independent innovation since its establishment in 2011 [1][16]. - The optical module market is expected to grow rapidly, driven by the demand for high bandwidth and low latency in AI training clusters, with a projected annual growth rate of 11% from 2023 to 2029 [25][28]. - The company is making significant progress in the development and mass production of high-speed optical modules, including the recent launch of 800G and 1.6T optical module solutions [2][19]. Summary by Sections Company Overview - The company specializes in the research, production, and sales of optical communication transceiver modules, with a focus on high-speed optical modules [3][10]. Market Development - The global optical module market was valued at $10.9 billion in 2023 and is expected to reach $22.4 billion by 2029, indicating a strong growth trajectory [25][28]. - The company is positioned to benefit from the increasing demand for high-speed optical modules, particularly in the context of AI and data centers [25][28]. Financial Forecast - The company is projected to achieve revenues of 847 million, 1.036 billion, and 1.235 billion yuan for the years 2024, 2025, and 2026, respectively, with corresponding net profits of 97 million, 129 million, and 166 million yuan [10][45]. - The expected growth in revenue is primarily driven by a significant increase in orders for high-speed optical modules [36][45].