Core Insights - The 2025 Guangzhou International Lighting Exhibition will take place from June 9-12, showcasing Yimei Lighting's new offerings in three key areas: commercial lighting solutions, green energy-saving renovation services, and smart educational lighting systems [1][8]. Group 1: New Offerings - Yimei Lighting will present high-end commercial lighting solutions that combine design aesthetics with functional upgrades, enhancing brand image and customer experience in commercial spaces [3]. - The company will introduce a one-stop energy-saving renovation service aimed at addressing the high energy consumption of traditional lighting, leveraging advanced LED technology to reduce energy costs and promote sustainable development [3]. - The smart educational lighting system focuses on creating a healthy light environment for students, featuring flicker-free and anti-glare designs that comply with national standards to reduce visual fatigue and protect eyesight [5]. Group 2: International Products - For the first time, Yimei Lighting's export-quality products will be showcased at a domestic exhibition, allowing local customers to experience high-quality lighting products that have been successful in international markets [6]. - These products have received stringent international certifications and are well-regarded in Europe, North America, and Australia, ensuring that domestic customers can access the same quality without the need to travel abroad [6]. Group 3: Exhibition Details - The exhibition will be held at the China Import and Export Fair Complex in Guangzhou, with Yimei Lighting located at booth 2.1C10, inviting distributors, partners, and industry peers to explore new possibilities in lighting and space [8][9].

Group 1 - The stock price of *ST Changfang (300301) closed at 1.86 yuan on May 15, 2025, with an increase of 0.54% and a turnover rate of 1.25% [1] - The trading volume was 99,000 hands, with a total transaction amount of 18.55 million yuan [1] - On the same day, the net inflow of main funds was 1.97 million yuan, accounting for 10.63% of the total transaction amount [3][4] Group 2 - The company has submitted applications to the Shenzhen Stock Exchange to revoke the delisting risk warning and other risk warnings, which comply with relevant regulations [2] - The company is awaiting a formal administrative penalty decision from the Shenzhen Securities Regulatory Bureau before responding to the annual report inquiry letter [2]

Group 1: Business Performance - The outdoor landscape business has maintained rapid growth, exceeding annual operational targets, with sales revenue surpassing 100 million yuan for the first time [1] - In 2024, the company's revenue and net profit significantly declined due to industry demand shrinkage and intensified competition, alongside internal factors affecting performance [2] - The home lighting business is heavily impacted by the real estate downturn, prompting the company to innovate its marketing system and evaluate 715 target cities for strategic expansion [2] Group 2: Strategic Initiatives - The company plans to implement the "1+N" channel strategy, focusing on expanding into underrepresented segments and enhancing dealer coverage in weak areas [3][4] - In 2024, the municipal traffic and commercial chain sectors saw revenue growth, with municipal traffic sales increasing by 176% due to concentrated supply periods for rail transit projects [4] - The company aims to leverage social media and online platforms for brand promotion, establishing a comprehensive new media strategy to enhance brand visibility [4] Group 3: Financial Management - The company increased the bad debt provision for certain clients from 80% to 100%, resulting in a credit impairment loss of 41.8951 million yuan [5] - As of the end of 2024, accounts receivable amounted to approximately 411 million yuan, a reduction of about 101 million yuan from the beginning of the period [5]

Core Viewpoint - The company, Mulinson Co., Ltd., focuses on lighting brand development and LED source technology innovation, aiming to provide efficient, energy-saving, and environmentally friendly lighting products and solutions globally [3][4]. Company Overview - Mulinson is engaged in various lighting sectors, including residential, commercial, industrial, and outdoor lighting, establishing a complete industry chain from LED packaging to lighting applications [3]. - The company emphasizes smart lighting, increasing R&D investment to integrate smart manufacturing with a global sales network, utilizing IoT and big data for advanced lighting system functionalities [3][4]. Brand Business - The company promotes its global brand matrix, including "LEDVANCE" and "SYLVANIA," establishing a strong market presence in over 50 countries [4][5]. - The domestic brand "Mulinson" has built a strong reputation over 20 years, with products widely used in smart lighting, plant lighting, photovoltaic energy storage, and air purification [5][6]. Innovation and Market Strategy - Mulinson focuses on innovation in product design, launching products in health lighting, smart lighting, and sustainable lighting, aligning with global trends [5][6]. - The company is expanding its market presence in emerging markets while optimizing existing channel layouts and enhancing digital operations [6][7]. Smart Manufacturing - Mulinson has developed an advanced smart manufacturing system that integrates automation, intelligent control, data analysis, and flexible manufacturing [9]. - The company is investing in cutting-edge technologies like Mini/MicroLED and small-pitch displays to enhance product quality and production efficiency [9][10]. Financial Highlights - For the fiscal year 2024, the company reported a net profit attributable to shareholders of approximately 373.79 million yuan, with a proposed cash dividend of 0.50 yuan per 10 shares [33][34]. - The company plans to use up to 3.8 billion yuan of its own funds for entrusted wealth management, ensuring operational needs are met [36][37]. Shareholder Information - The company will hold its annual shareholder meeting on May 20, 2025, to discuss various proposals, including the profit distribution plan and the appointment of the accounting firm for 2025 [52][53].

一、主要会计数据和财务指标 | 报告期指标 | 2024年年报 | 2023年年报 | 本年比上年增减(%) | 2022年年报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | 0.3000 | 0.3300 | -9.09 | 0.6600 | | 每股净资产（元） | 2.68 | 2.57 | 4.28 | 2.58 | | 每股公积金(元) | 0.58 | 0.57 | 1.75 | 0.57 | | 每股未分配利润(元) | 0.93 | 0.84 | 10.71 | 0.84 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 7.18 | 5.66 | 26.86 | 6.5 | | 净利润(亿元) | 0.66 | 0.73 | -9.59 | 1.32 | | 净资产收益率(%) | 11.55 | 13.03 | -11.36 | 34.01 | 数据四舍五入，查看更多财务数据>> 二、前10名无限售条件股东持股情况 前十大流通股东累计持有： 11031.86万股，累计占流通股比： 73.1%，较上期 ...

Summary of Conference Call for Mingbao Optoelectronics Company Overview - Mingbao Optoelectronics is a national-level specialized small giant enterprise focused on the R&D, production, and sales of LED green lighting products, primarily using the ODM model to provide personalized lighting solutions for overseas brand merchants and engineering companies [2][3] Core Industry Insights - The global LED market is expected to reach $82 billion by 2026, with China maintaining over 60% of the global export share of lighting products, solidifying its position as the largest producer and exporter of LEDs [8] - The company operates in a highly fragmented market, employing a differentiated market strategy to cater to diverse customer needs [4][6] Financial Performance - For 2024, the company reported a revenue of 1.641 billion yuan, a year-on-year increase of 7.35% [11] - Net profit attributable to shareholders was approximately 231 million yuan, reflecting a slight increase of 0.17% year-on-year [11] - The commercial lighting segment generated 939 million yuan in revenue, up 8.18%, while the industrial lighting segment achieved 623 million yuan, a growth of 7.8% [11] - Total assets reached 3.098 billion yuan, a 1.34% increase, while net assets attributable to shareholders slightly decreased by 0.76% due to shareholder dividends and share buybacks [11] Strategic Initiatives - The company plans to enhance its R&D investment, which reached approximately 120 million yuan in 2024, a 20% increase, accounting for 7.29% of revenue [6] - Future strategies include expanding production capacity with new bases in Vietnam and Huizhou, focusing on digitalization and automation to improve efficiency and reduce costs [9][10] - The company aims to strengthen its market position by leveraging its quality advantages and rapid response capabilities to tap into North American and emerging markets [10] Additional Insights - The company has established long-term partnerships with over 4,000 clients across more than 150 countries [3][6] - It has received numerous industry awards, enhancing its brand influence and market competitiveness [7] - The focus remains on continuous innovation and maintaining a flexible manufacturing and quality control system to meet customer demands [7][9]

深圳市联域光电股份有限公司 SHENZHEN SNC OPTO ELECTRONIC CO.,LTD （深圳市宝安区燕罗街道罗田社区象山大道 172 号正大安工业 城 6 栋 101-601；7 栋 101-301；12 栋 101-301；17 栋 101-301； 21 栋 101-201） 首次公开发行股票并在主板上市 招股说明书 （上会稿） 本公司的发行申请尚需经深圳证券交易所及中国证监会履行相应的程序。本招股说明 书（上会稿）不具有据以发行股票的法律效力，仅供预先披露之用。投资者应当以正 保荐人（主承销商） （北京市朝阳区安立路 66 号 4 号楼） 式公告的招股说明书作为投资决定的依据。 深圳市联域光电股份有限公司 招股说明书 声明及承诺 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对发 行人注册申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表 明其对发行人的盈利能力、投资价值或者对投资者的收益作出实质性判断或保 证。任何与之相反的声明均属虚假不实陈述。 根据《证券法》规定，股票依法发行后，发行人经营与收益的变化，由发 行人自行负责；投资者自主判断发行人的投资价值，自主 ...

深圳市联域光电股份有限公司 SHENZHEN SNC OPTO ELECTRONIC CO.,LTD （深圳市宝安区燕罗街道罗田社区象山大道 172 号正大安工业 城 6 栋 101-601；7 栋 101-301；12 栋 101-301；17 栋 101-301； 21 栋 101-201） 首次公开发行股票并在主板上市 招股说明书 （申报稿） 本公司的发行申请尚需经深圳证券交易所及中国证监会履行相应的程序。本招股说明 保荐人（主承销商） 式公告的招股说明书作为投资决定的依据。 （北京市朝阳区安立路 66 号 4 号楼） 书（申报稿）不具有据以发行股票的法律效力，仅供预先披露之用。投资者应当以正 深圳市联域光电股份有限公司 招股说明书 声明及承诺 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对发 行人注册申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表 明其对发行人的盈利能力、投资价值或者对投资者的收益作出实质性判断或保 证。任何与之相反的声明均属虚假不实陈述。 根据《证券法》规定，股票依法发行后，发行人经营与收益的变化，由发 行人自行负责；投资者自主判断发行人的投资价值，自主 ...

深圳市联域光电股份有限公司 SHENZHEN SNC OPTO ELECTRONIC CO.,LTD （深圳市宝安区燕罗街道罗田社区象山大道 172 号正大安工业 城 6 栋 101-601；7 栋 101-301；12 栋 101-301；17 栋 101-301； 21 栋 101-201） 首次公开发行股票并在主板上市 （北京市朝阳区安立路 66 号 4 号楼） 深圳市联域光电股份有限公司 招股说明书 声明及承诺 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对发 行人注册申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表 明其对发行人的盈利能力、投资价值或者对投资者的收益作出实质性判断或保 证。任何与之相反的声明均属虚假不实陈述。 根据《证券法》规定，股票依法发行后，发行人经营与收益的变化，由发 行人自行负责；投资者自主判断发行人的投资价值，自主作出投资决策，自行 承担股票依法发行后因发行人经营与收益变化或者股票价格变动引致的投资风 险。 招股说明书 （申报稿） 本公司的发行申请尚需经深圳证券交易所及中国证监会履行相应的程序。本招股说明 书（申报稿）不具有据以发行股票的法律效力 ...