证券代码：002281 证券简称：光迅科技 公告编号：（2025）044 武汉光迅科技股份有限公司 第七届董事会第二十八次会议决议公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、误导 性陈述或重大遗漏。 武汉光迅科技股份有限公司（以下简称"公司"或"本公司"）第七届董事会第二 十八次会议于 2025 年 9 月 9 日在公司 432 会议室以现场表决结合通讯表决方式召开。 本次董事会会议通知已于 2025 年 9 月 3 日以电子邮件和书面方式发出。会议应参加表 决董事 11 名，实际参加表决董事 11 名。公司监事会 3 名监事和部分高级管理人员列 席了本次会议。会议的召集与召开符合《公司法》和《公司章程》的有关规定。会议 由董事长黄宣泽先生主持。 经与会董事认真审议，以投票表决方式通过了以下决议： 一、 审议通过了《关于公司符合向特定对象发行 A 股股票条件的议案》 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司证券发行注 册管理办法》等法律、法规和规范性文件的有关规定，对照上市公司向特定对象发行 A 股股票的相关资格、条件的要求，经过对公司实际情况及相关事项逐项认 ...

每经AI快讯，9月9日，光迅科技（002281）(002281.SZ)公告称，拟定增募资不超过35亿元，用于算力 中心光连接及高速光传输产品生产建设项目、高速光互联及新兴光电子技术研发项目、补充流动资金。 ...

Core Viewpoint - The company plans to raise no more than 3.5 billion yuan for various projects including the construction of computing power center optical connections and high-speed optical transmission products, as well as research and development of high-speed optical interconnection and emerging optoelectronic technologies [1] Fundraising Details - The fundraising will be used for the production construction project of computing power center optical connections and high-speed optical transmission products, R&D of high-speed optical interconnection and emerging optoelectronic technologies, and to supplement working capital [1] - The actual controller, China Information Communication Technology Group, agrees to subscribe for the shares issued to specific objects in cash, with a subscription ratio of no less than 10% and no more than 30% of the total shares issued [1]

光迅科技公告，拟向包括公司实际控制人中国信科集团在内的符合中国证监会规定条件的不超过35名特 定对象发行A股股票，发行数量不超过2.42亿股，募集资金总额预计不超过35亿元，扣除发行费用后将 用于算力中心光连接及高速光传输产品生产建设项目、高速光互联及新兴光电子技术研发项目及补充流 动资金。 ...

证券代码：002281 证券简称：光迅科技 2025 年度向特定对象发行 A 股股票 募集资金使用可行性分析报告 二〇二五年九月 武汉光迅科技股份有限公司 2025 年度向特定对象发行 A 股股票募集资金使用可行性分析报告 本可行性分析报告（以下简称"本报告"）中如无特别说明，相关用语具有与《武 汉光迅科技股份有限公司 2025 年度向特定对象发行 A 股股票预案》中相同的含义。 一、本次募集资金使用计划 武汉光迅科技股份有限公司 Accelink Technologies Co., Ltd. 本项目计划投资总额为 248,210.08 万元，其中建设投资 220,498.24 万元，包含工程 费用 203,490.13 万元、工程建设其他费用 4,798.70 万元、预备费 12,209.41 万元；铺底 流动资金 27,711.84 万元。项目建设期为 4 年。 本次向特定对象发行股票募集资金总额预计不超过350,000万元（含350,000万元）， 在扣除发行费用后实际募集资金净额将用于以下项目： 单位：万元 | 序号 | 项目名称 | 投资 | 拟使用 | | --- | --- | --- | -- ...

证券代码：002281 证券简称：光迅科技 武汉光迅科技股份有限公司 Accelink Technologies Co., Ltd. 武汉光迅科技股份有限公司 2025 年度向特定对象发行 A 股股票预案 发行人声明 公司及董事会全体成员保证本预案内容真实、准确、完整，并确认不存在虚假 记载、误导性陈述或重大遗漏。 本预案按照《中华人民共和国证券法》《上市公司证券发行注册管理办法》等 法律法规及规范性文件的要求编制。 2025 年度向特定对象发行 A 股股票预 案 本次向特定对象发行股票完成后，公司经营与收益的变化，由公司自行负责； 因本次向特定对象发行股票引致的投资风险，由投资者自行负责。 二〇二五年九月 本预案是公司董事会对本次向特定对象发行股票的说明，任何与之相反的声明 均属不实陈述。 投资者如有任何疑问，应咨询自己的股票经纪人、律师、专业会计师或其他专 业顾问。 本预案所述事项并不代表审批机关对于本次向特定对象发行股票相关事项的实 质性判断、确认或批准，本预案所述本次向特定对象发行股票相关事项的生效和完 成尚须获得中国信科集团批准、公司股东大会审议通过、深圳证券交易所审核通过 并经中国证监会同意注册。 ...

本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 武汉光迅科技股份有限公司（以下简称"公司"）于 2025 年 9 月 9 日召开 第七届董事会第二十八次会议及第七届监事会第二十六次会议，审议通过了公司 2025 年度向特定对象发行 A 股股票的相关议案。《武汉光迅科技股份有限公司 2025 年 度 向特 定 对 象 发 行 A 股 股 票预 案 》 及 相 关公 告 已 在 巨潮 资 讯 网 （http://www.cninfo.com.cn）上进行了披露，敬请投资者查阅。 特此公告 证券代码：002281 证券简称：光迅科技 公告编号：（2025）046 武汉光迅科技股份有限公司董事会 武汉光迅科技股份有限公司 二○二五年九月十日 关于向特定对象发行 A 股股票预案披露的提示性公告 公司本次向特定对象发行 A 股股票预案的披露事项不代表审批机关对于本次 向特定对象发行 A 股股票相关事项的实质性判断、确认、批准或予以注册，预案 所述本次发行股票相关事项的生效和完成尚须获得中国信息通信科技集团有限 公司批准、公司股东大会审议通过、深圳证券交易所审核通过并经中国证监会 ...

2025 年度向特定对象发行 A 股股票 方案论证分析报告 证券代码：002281 证券简称：光迅科技 武汉光迅科技股份有限公司 Accelink Technologies Co., Ltd. 二〇二五年九月 武汉光迅科技股份有限公司 2025 年度向特定对象发行 A 股股票方案论证分析报告 武汉光迅科技股份有限公司（以下简称"光迅科技"、"公司"、"本公司"）是 在深圳证券交易所（以下简称"深交所"）主板上市的公司。公司拟向特定对象发行 A 股股票，募集资金不超过 350,000.00 万元。根据《中华人民共和国公司法》《中华人民 共和国证券法》《上市公司证券发行注册管理办法》（以下简称《发行注册管理办法》） 等有关法律、法规和规范性文件的规定，公司编制了本次向特定对象发行 A 股股票方案 的论证分析报告（以下简称"本报告"）。 本报告中如无特别说明，相关用语具有与《武汉光迅科技股份有限公司 2025 年度 向特定对象发行 A 股股票预案》中的释义相同的含义。 | 一、本次发行的背景和目的 | 1 | | --- | --- | | 二、本次发行证券及其品种选择的必要性 | 4 | | 三、本次发行对象的选 ...

Group 1: New Energy Sector - The new energy sector has seen a significant rise, driven by capital flow towards relatively undervalued stocks, as previous high valuations in computing power stocks led to a shift in investor sentiment [2] - There is a slight improvement in the fundamentals of the new energy sector, but market consensus on sustaining this trend remains divided, with factors such as AIDC, solid-state batteries, and overall capital expenditure in lithium batteries contributing to the outlook [2] - It is advised to consider reducing positions in overvalued stocks while continuing to monitor those with reasonable valuations as the sector rotates [2] Group 2: Macro Economic Insights - The August non-farm payroll data showed a weakening trend, which was anticipated based on prior unemployment claims and ADP data, yet it remains positive, alleviating immediate recession fears [3] - The current unemployment rate is still above the threshold of 4.5%, suggesting that the Federal Reserve may have room to lower interest rates, with a 25 basis point cut in September appearing likely [3] Group 3: Real Estate Market - In August, the total area of residential land sold in 30 core cities decreased by 42.1% year-on-year, with an average floor price of 8,145 yuan per square meter, reflecting a 7.0% increase year-on-year [14] - The top 10 real estate companies saw a 12% month-on-month increase in sales, but a 3% year-on-year decline, indicating a divergence in performance among leading firms [15] - Recommendations include companies like China Merchants Shekou, China Jinmao, and others that are expected to benefit from urban renewal and structural optimization [15] Group 4: Pharmaceutical Sector - The investment strategy for innovative drugs post-licensing emphasizes that achieving licensing is not the end of value realization but a pivotal point for further development [16] - The actual sales peak of innovative drugs often diverges significantly from initial expectations, with market sentiment playing a crucial role in valuation [16] Group 5: Company-Specific Insights - Poly Developments maintained its leading position in sales with a signed amount of 181.2 billion yuan from January to August 2025, focusing on core cities [17] - GCL-Poly Energy's cash cost for granular silicon continues to decline, with a market share increase to 24.3% in the first half of 2025, indicating strong competitive positioning [19] - Jin Kai New Energy reported a revenue of 1.922 billion yuan in the first half of 2025, reflecting a 2.07% year-on-year increase, with a focus on expanding its project portfolio [20]

Investment Rating - The investment rating for the company is "Buy" and is maintained [9]. Core Views - The company has experienced significant revenue growth driven by strong demand for data communication optical modules, with a historical high revenue of 30.2 billion yuan in Q2 2025, representing a year-on-year increase of 66.1% [6][11]. - The company's net profit for H1 2025 reached 3.7 billion yuan, up 78.4% year-on-year, with a notable increase in the revenue and gross margin of data and access businesses [2][6]. - The company is expected to benefit from the release of domestic 800G demand and the penetration of silicon photonics solutions in the future [2][11]. Summary by Sections Revenue Performance - In H1 2025, the company achieved a revenue of 52.4 billion yuan, a year-on-year increase of 68.6%, and a net profit of 3.7 billion yuan, up 78.4% [6][11]. - The revenue for Q2 2025 was 30.2 billion yuan, marking a 66.1% increase year-on-year and a 35.9% increase quarter-on-quarter [6][11]. Business Segments - The data and access business generated 37.2 billion yuan in revenue in H1 2025, a substantial increase of 149.3% year-on-year, accounting for 70.9% of total revenue, up 22.9 percentage points [11]. - The gross margin for the data and access business improved significantly to 20.0%, an increase of 7.1 percentage points year-on-year, driven by a higher proportion of high-speed products and scale effects [11]. Cost and Expenses - The overall gross margin for H1 2025 was 22.5%, consistent with the previous year, while Q2 2025 saw a gross margin of 20.2%, down 2.6 percentage points year-on-year due to intensified price competition [11]. - The company increased its sales expenses to expand market reach, but overall expense ratios were diluted due to rapid sales growth [11]. Inventory and Supply Chain - The company actively stocked key materials to ensure delivery, with inventory reaching 61.7 billion yuan, a significant increase of 55.9% from the beginning of the year [11]. - The net cash flow from operating activities for H1 2025 was -1.07 billion yuan, primarily due to increased raw material procurement and strategic stocking [11]. Technological Advancements - The company has a leading position in technology layout and production capacity, with a vertical integration capability from "chip-device-module-subsystem," allowing for partial self-sufficiency in optoelectronic chips [11]. - The silicon photonics module shipment volume reached a historical high in 2025, with expectations for continued growth as the market for 800G modules expands [11]. Profit Forecast - The company forecasts net profits of 9.52 billion yuan, 12.80 billion yuan, and 16.24 billion yuan for 2025, 2026, and 2027, respectively, with corresponding year-on-year growth rates of 44%, 34%, and 27% [11].