Financial Performance - The company's operating revenue for Q1 2025 was ¥4,838,670,554.50, representing a 20.56% increase compared to ¥4,013,364,008.24 in the same period last year[5] - Net profit attributable to shareholders decreased by 14.78% to ¥639,869,007.13 from ¥750,886,082.59 year-on-year[5] - Basic earnings per share fell by 15.75% to ¥0.3071 from ¥0.3645 in the same period last year[5] - Net profit for the current period was ¥672,834,432.98, a decrease of 15.3% from ¥794,083,090.36 in the previous period[22] - Total comprehensive income for the period was approximately ¥672.64 million, down from ¥793.88 million in the previous period, representing a decrease of about 15.2%[23] Cash Flow - The net cash flow from operating activities was negative at -¥1,125,953,208.39, a decline of 677.03% compared to -¥144,904,942.11 in the previous year[5] - Cash inflow from operating activities totaled approximately ¥4.04 billion, an increase from ¥3.83 billion year-over-year, representing a growth of about 5.5%[24] - Cash outflow for operating activities increased to approximately ¥5.16 billion from ¥3.97 billion, marking an increase of about 30.0%[25] - Investment activities resulted in a net cash outflow of approximately -¥536.73 million, compared to -¥334.86 million in the previous period, indicating a worsening investment cash flow situation[25] - Financing activities generated a net cash outflow of approximately -¥51.75 million, an improvement from -¥402.81 million in the previous period[25] Assets and Liabilities - Total assets at the end of Q1 2025 were ¥41,148,948,457.87, a slight decrease of 0.24% from ¥41,246,813,453.82 at the end of the previous year[5] - Total liabilities decreased to ¥15,094,929,046.15 from ¥15,993,980,781.82, indicating a reduction of 5.6%[19] - The company's equity increased to ¥26,054,019,411.72 from ¥25,252,832,672.00, reflecting a growth of 3.2%[19] - The total current liabilities decreased to ¥13,840,827,994.81 from ¥14,716,461,970.21, a reduction of 5.9%[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 62,257, with the largest shareholder, China Aviation Technology Industry Company, holding 36.76% of shares[12] - The company reported a total of 30,969,843 shares held by the China Aerospace Science and Technology Corporation, representing 1.46% of total shares[13] - The top ten shareholders include China Life Insurance Company with 26,253,154 shares, accounting for 1.24% of total shares[13] - The total number of shares held by the top ten unrestricted shareholders amounts to 1,020,000,000 shares[14] Operating Costs and Expenses - The company reported a 33.87% increase in operating costs, amounting to ¥3,462,623,192.07, attributed to product structure adjustments and low output in some business areas during Q1[10] - Total operating costs amounted to ¥4,107,392,593.05, up 30.5% from ¥3,148,007,701.73 in the prior period[21] - Research and development expenses for the current period were ¥327,195,276.78, compared to ¥314,819,227.22 in the previous period, showing a slight increase[22] Cash and Cash Equivalents - The company’s cash and cash equivalents decreased from 9,164,808,829.73 CNY to 7,437,083,050.18 CNY, a decline of approximately 18.9%[17] - The ending cash and cash equivalents balance was approximately ¥7.41 billion, down from ¥8.93 billion, reflecting a decrease of about 16.9%[25] Accounts Receivable and Prepayments - Accounts receivable increased from 12,648,487,050.26 CNY to 13,758,945,520.37 CNY, reflecting a growth of about 8.8%[17] - The company’s prepayments rose from 96,930,813.28 CNY to 123,520,826.95 CNY, indicating an increase of approximately 27.4%[17] Other Information - The company has not disclosed any significant new product developments or technological advancements during the reporting period[15] - There are no indications of market expansion or mergers and acquisitions reported in the latest conference call[15] - The company has not provided specific future guidance or performance outlook for the upcoming quarters[15] - The company’s financial report indicates a stable liquidity position despite the decrease in cash reserves[17] - The company adjusted its accounting policy retroactively, impacting the operating costs and sales expenses by ¥212,177.24[23]

证券代码：002179 证券简称：中航光电 公告编号：2025-020号 中航光电科技股份有限公司 关于减少注册资本并修订《公司章程》的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 中航光电科技股份有限公司（以下简称"公司"）2024年12月2日召开的第 七届董事会第十四次会议、2025年1月15日召开的2025年第一次临时股东大会审 议通过了《关于减少注册资本并修订〈中航光电科技股份有限公司章程〉的议案》， 具体内容详见公司2024年12月3日披露于《中国证券报》《证券时报》和巨潮资 讯网（www.cninfo.com.cn）的《关于减少注册资本并修订〈公司章程〉的公告》 （公告编号：2024-053号）。 公司于2025年4月14日收到洛阳市市场监督管理局的通知，公司已完成减少 注册资本的工商变更登记手续及章程备案手续，并取得洛阳市市场监督管理局换 发的《营业执照》，具体情况如下： 经 备 案 的 《 公 司 章 程 》 详 见 2024 年 12 月 3 日 披 露 于 巨 潮 资 讯 网 （www.cninfo.com.cn）的《中航光电科 ...

根据披露的机构调研信息2025年4月11日，泉果基金对上市公司中航光电进行了调研。 基金市场数据显示，泉果基金成立于2022年2月8日。截至目前，其管理资产规模为160.40亿元，管理基 金数6个，旗下基金经理共5位。 截至2025年4月11日，泉果基金近1年回报前6非货币基金业绩表现如下所示： 会确定的国防开支额度继续保持较高增速。在此背景下，公司一季度防务领域呈现复苏增长态势，航 天、兵器等细分领域增长迅猛。预计 2025 年有望实现企稳增长。公司提出"打造防务领域首选互连方案 提供商"，是基于公司专业为航空及防务和高端制造提供互连解决方案以及全球一流互连方案提供商愿 景，结合行业发展趋势与客户需求所做出的定位。公司希望从技术引领、快速响应、成本可控三方面赢 得客户的青睐。技术引领方面，公司通过预先研究超前谋划，实现互连技术迭代升级，引领行业发展； 快速响应方面，在技术层面前期研究的基础上，公司进一步与头部客户共同进行设计开发、联合定义， 为客户提供一整套互连解决方案，并能实现快速研制，进行小批和快速的量产升级；成本可控方面，公 司通过新技术应用、新工艺迭代、制造工程能力升级和精益管理，提供性能最优和成本 ...

中航光电 20250412 摘要 Q&A 请介绍中航光电 2024 年度的业绩表现及相关指标完成情况。 • 中航光电 2024 年营收 206 亿元，同比增长 3%，归母净利润 33.54 亿元， 同比增长 0.45%。公司有效应对防务领域需求波动，同时抓住新能源汽车、 数据中心等行业机会，毛利率维持在 36.6%高位，拟每十股派发现金红利 八元，分红比例超 50%。 • 公司积极进行市值管理，制定年度计划，通过传递投资价值、监测市场反 应、加强投资者关系管理等措施，稳定市场预期，提振投资者信心，并适 时运用高管增持等资本运营项目。 • 展望 2025 年，受益于国防开支保持较高增速及装备建设规划收官，军工行 业呈现复苏增长态势，公司对防务领域行业增长持乐观态度，并致力于成 为防务领域首选互联方案提供商。 • 公司通过技术引领、快速响应和成本可控三个方面赢得客户青睐，实现客 户忠诚。在技术上，公司处于国内军事光电领域领先地位；在响应速度上， 与客户进行装备预先研究，提供完整解决方案；在成本控制上，通过新技 术应用等方式提升资效人效。 • 中航光电积极布局战略性新兴产业和未来产业，通过有机增长、技术研发、 投资 ...

证券代码：002179 证券简称：中航光电 中航光电科技股份有限公司投资者关系活动记录表 编号：[2025]第 001 号 | 投资者关系活动类 | □特定对象调研 □分析师会议 | | --- | --- | | 别 | □媒体采访 ■业绩说明会 | | | □新闻发布会 □路演活动 | | | □现场参观 | | | □其他 （请文字说明其他活动内容） | | 活动参与人员 | 投资者参会人员：长江证券、兴业证券、博时基金、东方证券、工 | | | 银瑞信基金、广发证券、嘉实基金、汇添富基金、景顺长城基金、 | | | 民生加银基金、民生证券、鹏华基金、上海大朴资产、高毅资产、 | | | 上海瓴仁私募基金、申万宏源证券、中金公司、中信证券、财通证 | | | 券、红杉资本、华泰柏瑞基金、安信基金、安中投资、百川财富、 | | | 诚旸投资、北京鼎萨投资、汉和汉华资本、红珊瑚资产、北京泓澄 | | | 投资、橡果资产、诚旸资产、创金合信基金、大家保险、东方财富 | | | 证券、东兴基金、东兴证券、敦和资产、方正证券、丰源正鑫(上 | | | 海)股权投资管理、富荣基金、高盛、工银安盛人寿保险、共青城 | ...

登录新浪财经APP 搜索【信披】查看更多考评等级 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 中航光电科技股份有限公司（以下简称"公司"或"中航光电"）于2025年3月29日在《中国证券报》《证 券时报》和巨潮资讯网（www.cninfo.com.cn）披露了《关于举行2024年度业绩说明会的公告》（公告 编号：2025-017号），为加强与投资者交流，使投资者更全面、深入地了解公司经营情况，公司将于 2025年4月11日（星期五）15:00一17:00以网络视频直播+电话会议方式举办2024年度业绩说明会。 为充分尊重投资者、提升交流的针对性，公司就2024年度业绩说明会提前向投资者公开征集问题，广泛 听取投资者的意见和建议。截至本公告披露日，公司已完成投资者问题的征集，并梳理出以下投资者普 遍关注的问题： 1、2025年是"十四五"规划收官之年，请问公司对防务领域2025年行业增长情况如何展望？如何理解公 司提出的"打造防务领域首选互连方案提供商"定位。 业绩说明会入口专用二维码 2、电话参会（需提前通过上述方式报名参会） 2、2025年政府工作报告明 ...

中航光电科技股份有限公司（以下简称"公司"或"中航光电"）于 2025 年 3 月 29 日在《中国证券报》《证券时报》和巨潮资讯网（www.cninfo.com.cn） 披露了《关于举行 2024 年度业绩说明会的公告》（公告编号：2025-017 号）， 为加强与投资者交流，使投资者更全面、深入地了解公司经营情况，公司将于 2025 年 4 月 11 日（星期五）15:00—17:00 以网络视频直播+电话会议方式举办 2024 年度业绩说明会。 为充分尊重投资者、提升交流的针对性，公司就 2024 年度业绩说明会提 前向投资者公开征集问题，广泛听取投资者的意见和建议。截至本公告披露日， 公司已完成投资者问题的征集，并梳理出以下投资者普遍关注的问题： 1、2025 年是"十四五"规划收官之年，请问公司对防务领域 2025 年行 业增长情况如何展望？如何理解公司提出的"打造防务领域首选互连方案提供 商"定位。 2、2025 年政府工作报告明确提出"培育壮大新兴产业、未来产业""深 入推进战略性新兴产业融合集群发展"，在此背景下，公司着力布局了哪些新 的业务增长点？ 3、请公司介绍 2025 年业绩展望与经营 ...

证券代码：002179 证券简称：中航光电 公告代码：2025-018号 中航光电科技股份有限公司 关于董事长提议回购公司部分股份的提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 中航光电科技股份有限公司（以下简称"公司"或"中航光电"）于2025 年4月8日收到公司董事长郭泽义先生（以下简称"提议人"）《关于提议回 购公司部分股份的函》，具体内容如下： 一、提议人的基本情况及提议时间 （一）提议人：公司董事长郭泽义先生 （二）提议时间：2025年4月8日 二、提议回购股份的原因和目的 （二）回购股份的用途：拟用于未来实施股权激励计划，若公司未能在 披露股份回购实施结果公告后3年内完成授予完毕已回购股份，未授予的股 份将依法予以注销。 （三）回购股份的方式：通过深圳证券交易所交易系统以集中竞价方式 回购公司股份。 （四）回购股份的价格：回购价格上限不高于公司董事会审议通过回购 股份方案决议前30个交易日公司股票交易均价的150%，具体以董事会审议通 过的回购股份方案为准。 （五）回购股份的总金额：人民币1亿元-2亿元，具体以董事会审议通过 的回购股 ...

Core Insights - The company reported a revenue of 20.686 billion yuan in 2024, a year-on-year increase of 3.04%, and a net profit attributable to shareholders of 3.354 billion yuan, up 0.45% year-on-year [1] - The company experienced significant growth in Q4 2024, with revenue reaching 6.591 billion yuan, an increase of 39.77%, and a net profit of 841 million yuan, up 88.79% [1] - The company maintains a strong position in the high-end interconnect solutions market, focusing on defense and civil aviation sectors, with a diverse product range [3] Financial Performance - The company's gross margin for the main products, such as electrical connectors, is 39.37%, while the overall sales gross margin is 36.61%, a decrease of 1.34 percentage points [2] - The net profit margin stands at 17.15%, down 0.46 percentage points, with a period expense ratio of 7.87%, down 0.68 percentage points [2] - Accounts receivable and notes increased by 26.98% to 16.735 billion yuan, indicating higher sales and increased acceptance bills [2] Business Segments - Revenue from electrical connectors, optoelectronic devices, motors, and switches accounted for 78.36% of total revenue, totaling 16.210 billion yuan [1] - Revenue from optical devices and optoelectronic equipment was 2.842 billion yuan, making up 13.74% of total revenue [1] - The company is expanding its presence in high-end consumer manufacturing, particularly in the electric vehicle sector, and has achieved full coverage of major clients in the civil aviation sector [3] Future Outlook - The company is projected to achieve net profits of 3.826 billion yuan, 4.405 billion yuan, and 5.067 billion yuan for the years 2025 to 2027, with corresponding EPS of 1.81, 2.08, and 2.39 yuan [3] - The company is expected to maintain a leading position in the connector industry, with a PE ratio forecasted at 23.23, 20.17, and 17.54 for the same period [3]

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected relative increase of over 15% compared to the CSI 300 index within the next six months [30]. Core Views - The company, AVIC Optoelectronics (002179), reported a total revenue of 20.686 billion yuan for 2024, reflecting a year-on-year growth of 3.04%. The net profit attributable to shareholders was 3.354 billion yuan, with a slight increase of 0.45% year-on-year [7][8]. - The fourth quarter showed significant recovery in defense orders, leading to a substantial increase in performance, with quarterly revenue reaching 6.591 billion yuan, up 39.77% year-on-year, and net profit increasing by 88.79% [8][12]. - The company is focusing on expanding its civil products and maintaining a strong position in the defense sector, with a strategic emphasis on high-end manufacturing and emerging industries [12]. Financial Performance - The gross profit margin for 2024 was reported at 36.61%, a slight decrease of 1.34 percentage points year-on-year, while the net profit margin was 17.15%, down 0.36 percentage points [9]. - The revenue from the electrical connector segment was 16.21 billion yuan, growing by 4.58% and accounting for 78.36% of total revenue. The optical connector segment saw a decline of 9.7%, generating 2.842 billion yuan [11]. - The company has effectively managed its expenses, with total expense ratios decreasing by 0.74 percentage points to 18.76% [9]. Business Outlook - The company is expected to see continued growth in defense and civil sectors, with projected revenues of 24.389 billion yuan, 28.083 billion yuan, and 31.069 billion yuan for 2025, 2026, and 2027 respectively [13][14]. - The report highlights a positive outlook for the defense sector, anticipating a recovery in demand and an upward trend in the company's performance as it approaches the end of the 14th Five-Year Plan [12][13].