证券代码：688307 证券简称：中润光学 公告编号：2025-029 嘉兴中润光学科技股份有限公司 第二届董事会第九次会议决议公告 本公司董事会及全体董事保证公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容的 真实性、准确性和完整性依法承担法律责任。 一、董事会召开情况 嘉兴中润光学科技股份有限公司（以下简称"公司"或"中润光学"）于2025年8月1日，向全体董事发出了 关于召开公司第二届董事会第九次会议的通知。该会议于2025年8月11日以通讯方式召开，应出席会议 董事7名，实际出席会议董事7名。本次会议由董事长张平华先生主持，会议的召集和召开符合法律、行 政法规、部门规章和《嘉兴中润光学科技股份有限公司章程》（以下简称"《公司章程》"）《嘉兴中润 光学科技股份有限公司董事会议事规则》（以下简称"《董事会议事规则》"）的有关规定，合法有效。 二、董事会会议审议情况 （一）审议通过《关于以募集资金及自有资金对全资子公司增资并出售资产的议案》 公司已于2024年10月28日召开第二届董事会第五次会议及第二届监事会第五次会议，审议通过了《关于 部分募投项目增加实施主体、实施地点及调整内部投资结构并 ...

Core Viewpoint - The company, Zhongshan United Optoelectronics Technology Co., Ltd. (300691), plans to acquire 100% equity of Dongguan Changyi Optoelectronics Co., Ltd. through a share issuance and raise supporting funds [1]. Group 1: Company Overview - United Optoelectronics specializes in high-end optical lens products and solutions, focusing on research, design, production, and sales of optical lenses and related optoelectronic devices [4]. - The company's products are widely used in security video surveillance, new displays, intelligent driving, and artificial intelligence, with the security video surveillance sector being the core revenue driver [4]. - In 2024, the company achieved a 100% increase in production capacity for automotive electronics and over 50% increase in shipment volume, successfully entering the supply chains of major domestic and international automotive manufacturers [4]. Group 2: Financial Performance - For the year ending December 31, 2024, United Optoelectronics reported revenue of 1.88 billion yuan, a 14% increase from 1.65 billion yuan in 2023, but a net profit of 39 million yuan, down 39% from 64 million yuan in 2023, indicating a situation of revenue growth without profit increase [5]. - The company's accounts receivable have been rising alongside revenue growth, with accounts receivable increasing from 390 million yuan in 2022 to 663 million yuan in 2024, suggesting a potential relaxation of credit policies to boost revenue [8]. - Research and development costs have also increased, with R&D expenditure rising to 214 million yuan in 2024, a 25% increase from 171 million yuan in 2023, which may be limiting the company's profitability [11]. Group 3: Acquisition Details - Changyi Optoelectronics, established in 2009, ranks among the top five globally in optical lens production and top three domestically, with core products including mobile camera lenses, security monitoring lenses, and automotive lenses [13]. - The acquisition is expected to allow United Optoelectronics to leverage Changyi's technological expertise and customer resources, facilitating entry into the consumer-grade optoelectronic components market and complementing its existing high-end optical lens offerings [13]. - Specific details regarding the acquisition plan, including pricing, method, and performance commitments, have yet to be disclosed [14].

Core Viewpoint - The company, United Optoelectronics, plans to acquire 100% of Dongguan Changyi Optoelectronics through a share issuance and fundraising, aiming to enhance its growth amid declining performance [1][2]. Group 1: Company Performance - In Q1 2025, United Optoelectronics reported revenue of 369 million, a year-on-year decrease of 3.54%, and a net loss attributable to shareholders of 23.99 million, significantly widening from a loss of 1.47 million in the same period last year [2]. - The gross margin improved to 27.56%, but the net margin fell to -6.69%, with operating expenses rising to 14.38% of revenue, an increase of 5.40 percentage points year-on-year [2]. Group 2: Acquisition Rationale - The acquisition aims to integrate the supply chain and technology resources of Changyi Optoelectronics, reducing reliance on a single business line [2]. - The expected synergies include: 1. Technical complementarity, as United focuses on high-end optical lenses while Changyi specializes in consumer-grade optoelectronic components, allowing shared technology platforms [3]. 2. Customer expansion, with United's optical lens business currently accounting for 100% of its revenue, while Changyi's customer base may cover consumer electronics and security sectors [3]. 3. Cost optimization, as United's R&D expenses reached 214 million in 2024, a year-on-year increase of 24.71%, which could be diluted post-acquisition [3]. Group 3: Industry Impact - The acquisition reflects a trend of consolidation in the optoelectronic industry, where companies are expanding scale and reducing costs through mergers [4]. - Successful integration of Changyi could enhance United's market share, although challenges such as cultural clashes and technical integration must be managed [4]. Group 4: Future Outlook - During the suspension period, three key signals should be monitored: 1. Details of the transaction plan, including share issuance price, fundraising scale, asset valuation, and performance commitments [5]. 2. Progress of regulatory approvals, particularly whether the transaction triggers major asset restructuring requiring review by the securities regulatory authority [5]. 3. Market reaction post-resumption; if the acquisition logic is validated, United's stock price may see valuation recovery, otherwise, it could face pressure [5]. - This acquisition represents a strategic attempt by United to navigate the downturn in the optoelectronic industry, with success hinging on the true value of the acquired asset and integration effectiveness [5].

国信证券股份有限公司 关于嘉兴中润光学科技股份有限公司 国信证券股份有限公司（以下简称"国信证券"或"保荐人"）作为嘉兴中 润光学科技股份有限公司（以下简称"公司"或"中润光学"）首次公开发行股 票并在科创板上市的保荐人，根据《证券发行上市保荐业务管理办法》《上海证 券交易所科创板股票上市规则》《上市公司监管指引第 2 号——上市公司募集资 金管理和使用的监管要求》《上海证券交易所科创板上市公司自律监管指引第 1 号——规范运作》等有关规定，对中润光学 2024 年度募集资金的存放和使用情 况进行了审慎核查，具体情况如下： 为了规范募集资金的管理和使用，提高资金使用效率和效益，保护投资者权 益，公司按照《上市公司监管指引第 2 号——上市公司募集资金管理和使用的监 管要求》《上海证券交易所科创板股票上市规则》及《上海证券交易所科创板上 市公司自律监管指引第 1 号——规范运作》等有关法律、法规和规范性文件的规 定，结合公司实际情况，制定了《嘉兴中润光学科技股份有限公司募集资金管理 制度》，对募集资金的存储、使用及管理等方面做出了明确的规定，在制度上保 证募集资金的规范使用。 一、募集资金基本情况 （一）实际募 ...