目前，民爆光电已与标的公司控股股东厦门麦达智能科技有限公司（以下简称"厦门麦达"）签署了《收 购意向协议》。拟通过向厦门麦达发行股份及支付现金的方式，购买其持有的标的公司100%股权。交 易价格将以资产评估机构出具的评估结果为基础，经各方协商确定。 据悉，民爆光电是一家专注于绿色照明业务领域的高新技术企业，主要从事LED照明产品的研发、设 计、制造、销售及服务。 2025年11月份，公司相关负责人在接受机构调研时表示，2025年前三季度，公司特种照明增速最快，同 比增长50%，营收占比由去年同期的4.72%提升至7.10%。目前公司的特种照明包括植物照明、应急照 明、医美照明、防爆照明四个板块。公司非常重视特种照明的投入，每个板块都成立了独立公司精细化 运营，专注于单一领域进行研发和市场投入，未来2年至3年每个板块的目标是做到1亿元至1.5亿元的收 入。未来公司也会考虑以内部孵化或者外延并购的形式布局功能型健康照明、航空照明、海洋照明等细 分领域。 本报讯 （记者王镜茹）1月18日晚，深圳民爆光电股份有限公司（以下简称"民爆光电"）发布公告称， 公司正在筹划通过发行股份及支付现金的方式购买资产并募集配套资金。 ...

Revenue Breakdown - In the first half of 2025, revenue by region is as follows: Europe 45.46%, Asia (exports) 18.71%, Oceania 14.71%, Americas 14.38%, and domestic sales 5.05% [1] Vietnam Factory - The Vietnam factory is scheduled to be operational by August 2026, with a full capacity output value of 500 million yuan [2] - The factory aims to meet the expansion demands of the North American market and address potential trade protection issues in Europe [2] Special Lighting Segments - The company currently has four special lighting segments: plant lighting, emergency lighting, medical beauty lighting, and explosion-proof lighting, which collectively account for over 6% of revenue [2] - Each segment aims for revenue targets of 100 to 150 million yuan over the next 2-3 years [2] - Emergency lighting is projected to grow by 20-30% in 2024, with a revenue target of over 42 million yuan [2] - The explosion-proof lighting segment achieved revenue of over 14 million yuan in the first half of 2025, a year-on-year increase of 435.52% [2] Order Status - The current order backlog exceeds 300 million yuan, with Europe being the primary revenue source [2] Impact of US Tariffs - In the first half of 2025, products exported to the US accounted for approximately 7% of total revenue, indicating minimal impact from US tariffs [2] Capital Expenditure Plans - Future capital expenditures will focus on increasing R&D investment, acquiring self-owned factory space, and adhering to planned fundraising allocations [3] Profit Growth Drivers - Key drivers for future profit growth include enhanced R&D investment, market expansion in Europe, Oceania, Asia-Pacific, and the Middle East, and improved internal supply chain management [3] Dividend Policy - The company plans to distribute at least 50% of its distributable profits as cash dividends annually from 2023 to 2025 [3] - In 2023, cash dividends amounted to 249 million yuan, with a payout ratio of 108.22% [3] - In 2024, cash dividends are projected to be 196 million yuan, with a payout ratio of 84.80% [3] Share Buyback - The company has repurchased 1,483,309 shares, representing 1.4171% of total shares, with a total transaction amount of approximately 49.5 million yuan [3] Investor Communication - The company emphasizes the importance of investor communication and aims to enhance information disclosure quality through regular reports and investor relations activities [4]