CORPORATION LIMITED Environmental, Social and Governance (ESG) Report APPOTRONICS | APPOTRONICS CORPORATION LIMITED Environmental, Social and Governance (ESG) | Report | 2025.7 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | APPOTRONICS CORPORATION LIMITED Environmental, Social and Governance (ESG) | Report | 001 / 002 | | | | | | | | | About this Report | About This Report | Message from | the | | | | | | | | Chairman | This report is the 2024 Environmental, Social, and Gove ...

Core Viewpoint - The Shenzhen Science Museum, a landmark building with an area of 128,300 square meters, officially opened in May 2025, embodying the theme of "Digital Civilization, Innovative Future" and serving as a new cultural icon for Shenzhen on the global stage [1] Group 1: Architectural Design and Experience - Designed by the renowned Zaha Hadid Architects, the museum's exterior resembles a giant interstellar spaceship, providing a unique architectural experience that reflects the city's philosophical contemplation of human civilization [3] - The museum features 24 themed exhibition areas with a total of 950 exhibits, covering cutting-edge technology fields such as the origin of the universe, space exploration, artificial intelligence, quantum computing, virtual reality, and new energy technologies, creating a multi-dimensional experience space that integrates technology, art, and culture [5] Group 2: Technological Innovations - The museum's exterior features a large-scale 3D mapping light show, transforming the building into a dynamic narrative canvas, enhancing the city's nightscape with a vivid display of technology and culture [7] - The giant immersive cinema, covering approximately 1,500 square meters and accommodating 500 viewers, offers a realistic three-dimensional visual experience with a color gamut coverage of over 90%, significantly surpassing traditional display technologies [8] Group 3: Company Achievements and Future Directions - The successful implementation of these exhibits marks a significant breakthrough for Guangfeng Technology in the "laser + culture integration" sector, showcasing its comprehensive product line and professional solutions that have earned client trust [9] - Guangfeng Technology aims to continue advancing laser technology, focusing on a strategic ecosystem of "core technology + core components + application scenarios" to deliver innovative light and shadow experiences to global users [9]

北京市中伦（深圳）律师事务所 关于深圳光峰科技股份有限公司 法律意见书 二〇二五年五月 法律意见书 北京市中伦（深圳）律师事务所 关于深圳光峰科技股份有限公司 法律意见书 致：深圳光峰科技股份有限公司 根据中国证券监督管理委员会发布的《上市公司股东会规则》（以下简称 "《股东会规则》"）的有关规定，北京市中伦（深圳）律师事务所（以下简 称"本所"）接受深圳光峰科技股份有限公司（以下简称"公司"）的委托， 指派律师出席公司 2024 年度股东大会（以下简称"本次股东大会"），并就本 次股东大会的召集和召开程序、召集人资格、出席和列席会议人员资格、表决 程序及表决结果等事宜发表法律意见。 经查验，该等通知及公告载明了会议的召开方式、召开时间和召开地点， 对相关会议议案的内容进行了披露，说明了股东有权出席并可书面委托代理人 出席和行使表决权，明确了会议的登记办法、有权出席会议股东的股权登记日、 会议联系人姓名和电话号码。 本所律师认为，公司本次股东大会的召集程序符合《中华人民共和国公司 法》（以下简称"《公司法》"）、《股东会规则》《深圳证券交易所上市公 司股东会网络投票实施细则（2025 年修订）》（以下简称"《 ...

丨证券研究报告丨 公司研究丨点评报告丨光峰科技（688007.SH） [Table_Title] 营收稳健增长，车载业务进入快速放量阶段 报告要点 [Table_Summary] 2024 年公司实现营业收入 24.19 亿元，同比增长 9.27%，实现归母净利润 2795 万元，同比下 滑 72.91%，实现扣非归母净利润 3213 万元，同比下滑 22.88%；其中，2024Q4 公司实现营 业收入 6.99 亿元，同比增长 24.21%，实现归母净利润-1499 万元，同比减亏 1038 万元，实 现扣非归母净利润-747 万元，同比减亏 2736 万元。此外，2025Q1 公司实现营业收入 4.61 亿 元，同比增长 3.67%，实现归母净利润-2136 万元，同比下滑 147.95%，实现扣非归母净利润 -2397 万元，同比转亏。 分析师及联系人 [Table_Author] 陈亮 SAC：S0490517070017 SFC：BUW408 请阅读最后评级说明和重要声明 %% %% %% %% research.95579.com 1 光峰科技（688007.SH） cjzqdt11111 [Ta ...

丨证券研究报告丨 公司研究丨点评报告丨光峰科技（688007.SH） [Table_Title] 营收稳健增长，车载业务进入快速放量阶段 报告要点 [Table_Summary] 2024 年公司实现营业收入 24.19 亿元，同比增长 9.27%，实现归母净利润 2795 万元，同比下 滑 72.91%，实现扣非归母净利润 3213 万元，同比下滑 22.88%；其中，2024Q4 公司实现营 业收入 6.99 亿元，同比增长 24.21%，实现归母净利润-1499 万元，同比减亏 1038 万元，实 现扣非归母净利润-747 万元，同比减亏 2736 万元。此外，2025Q1 公司实现营业收入 4.61 亿 元，同比增长 3.67%，实现归母净利润-2136 万元，同比下滑 147.95%，实现扣非归母净利润 -2397 万元，同比转亏。 分析师及联系人 [Table_Author] 陈亮 SAC：S0490517070017 SFC：BUW408 请阅读最后评级说明和重要声明 %% %% %% %% research.95579.com 1 光峰科技（688007.SH） cjzqdt11111 [Ta ...

2023年，光峰科技实现营业收入22.13亿元，同比下降12.90%；实现归属于上市公司股东的净利润1.03亿元，同比下降13.61%；实现归属于上 市公司股东的扣除非经常性损益的净利润4166.45万元，同比下降37.18%；经营活动产生的现金流量净额为3.64亿元，同比增长105.29%。 | | | | | 単位: 元 巾种:人民币 | | --- | --- | --- | --- | --- | | 主要会计数据 | 2023年 | 2022年 | 本期比上年 同期增减(%) | 2021年 | | 营业收入 | | 2,213,356,977.95 2,541,144,635.15 | -12.90 | 2,498,228,401.78 | | 归属于上市公司股东的净利润 | 103,186,743.57 | 119,440,773.77 | -13.61 | 233,364,344.09 | | 归属于上市公司股东的扣除非 经常性损益的净利润 | 41,664,497.37 | 66,321,454.45 | -37.18 | 125.396.283.97 | | 经营活动产生的现金流量净额 | ...

2025 年 04 月 30 日 公司点评 买入/维持 光峰科技(688007) 目标价: 昨收盘:14.58 光峰科技：2025Q1 收入稳健增长，车载业务进入量产交付阶段 ◼ 走势比较 (40%) (28%) (16%) (4%) 8% 20% 24/4/30 24/7/11 24/9/21 24/12/2 25/2/12 25/4/25 ◼ 股票数据 | 总股本/流通(亿股) | 4.59/4.59 | | --- | --- | | 总市值/流通(亿元) | 66.96/66.96 | | 12 个月内最高/最低价 | 20.2/11.81 | | (元) | | 相关研究报告 <<光峰科技：2024Q1 利润迎来拐点增 速靓丽，车载业务收入实现从 0 到 1 突 破>>--2024-04-30 证券分析师：孟昕 E-MAIL：mengxin@tpyzq.com 分析师登记编号：S1190524020001 证券分析师：赵梦菲 E-MAIL：zhaomf@tpyzq.com 分析师登记编号：S1190525040001 研究助理：金桐羽 电话：021-58502206 E-MAIL：jinty@tpy ...

Investment Rating - The report maintains a "Buy" rating for the company [1][7] Core Views - The company achieved a total revenue of 2.419 billion yuan in 2024, representing a year-on-year growth of 9.27%, while the net profit attributable to shareholders was 28 million yuan, down 72.91% year-on-year [4][9] - In Q1 2025, the company reported total revenue of 461 million yuan, a year-on-year increase of 3.67%, but a net loss of 21 million yuan [4][5] - The automotive optical business has entered mass production, contributing to revenue growth [1][5] Financial Performance Summary - For Q4 2024, the company recorded revenue of 699 million yuan, up 24.21% year-on-year, with a reduced net loss of 15 million yuan compared to a loss of 25 million yuan in Q4 2023 [5][6] - The core components and complete machine business generated revenue of 2.240 billion yuan in 2024, reflecting an 11.48% year-on-year increase, primarily driven by the automotive optical business [5][6] - The gross profit margin for Q4 2024 and Q1 2025 was 22.15% and 25.21% respectively, both under pressure compared to previous periods [6][9] Business Segment Performance - The automotive optical business revenue reached 638 million yuan in 2024, while the cinema and professional display businesses generated nearly 570 million yuan and 392 million yuan respectively [5][6] - The overseas revenue for the professional display business was approximately 140 million yuan, showing a significant increase of 60.47% [5][6] Regional Performance - In 2024, domestic and overseas revenues were 2.141 billion yuan and 277 million yuan respectively, with domestic revenue growing by 14.93% and overseas revenue declining by 20.81% [5][6] Future Outlook - The company is expected to benefit from the recovery of the film industry and the growth of the intelligent cockpit market, with projected net profits of 120 million yuan, 180 million yuan, and 215 million yuan for 2025, 2026, and 2027 respectively [7][9] - The estimated earnings per share (EPS) for the same years are projected to be 0.26 yuan, 0.39 yuan, and 0.47 yuan, with corresponding price-to-earnings (PE) ratios of 55.91, 37.11, and 31.09 [7][9]