兴业证券股份有限公司 关于广州市浩洋电子股份有限公司 募集资金投资项目延期的核查意见 兴业证券股份有限公司（以下简称"保荐机构"）作为广州市浩洋电子股份 有限公司（以下简称"公司"或"浩洋股份"）首次公开发行股票并在创业板上 市的保荐机构，根据《证券发行上市保荐业务管理办法》《上市公司募集资金监 管规则》《深圳证券交易所上市公司自律监管指引第 2 号——创业板上市公司规 范运作》《深圳证券交易所上市公司自律监管指引第 13 号——保荐业务》等有关 规定，就浩洋股份募集资金投资项目延期事项进行了核查，并出具本核查意见如 下： 一、募集资金基本情况 根据中国证监会《关于核准广州市浩洋电子股份有限公司首次公开发行股票 的批复》（证监许可[2020]519 号）核准，公司向社会公众公开发行人民币普通股 （A 股）21,082,000.00 股，每股面值 1.00 元人民币，每股发行价格 52.09 元。截 至 2020 年 5 月 14 日，公司募集资金总额为 1,098,161,380.00 元，扣除发行费用 上述募集资金已于 2020 年 5 月 14 日划至公司指定账户，上述发行募集资金 到位情况已经广东正中珠 ...

Group 1: Company Performance and Sales - In 2024, the company's sales volume of performance equipment decreased from 93,400 units in 2023 to 89,800 units, with a sales rate dropping below 90% [1] - The company's revenue for 2024 was approximately RMB 1.212 billion, with a net profit of about RMB 302 million, reflecting a year-on-year revenue decline of 7.12% [9] - The first quarter of 2025 saw a significant decline in both revenue and net profit due to the ongoing investment in the newly acquired Danish company SGM, which has led to increased costs [2] Group 2: Market Strategy and Customer Concentration - The top five customers accounted for 56.28% of the total annual sales, raising concerns about the stability of the company's operations [2] - The company plans to enhance its domestic market presence, which currently only accounts for 11.21% of sales in 2024, by integrating technology and market resources [6] Group 3: Research and Development - In 2024, the company's R&D investment reached RMB 85.85 million, representing a year-on-year increase of 51.05% [8] - The company aims to maintain or improve its gross margin and operational quality through continuous product innovation and development [4] Group 4: Competitive Advantages and Future Plans - The company holds significant competitive advantages, including product and brand recognition, with 119 new patents granted in 2024, including 33 domestic and foreign invention patents [5] - Future growth strategies include expanding product lines and enhancing market penetration through continuous innovation and deeper collaboration with existing customers [5]