Financial Performance - The company achieved a total profit of 3.764 billion RMB and sales revenue of 20.686 billion RMB, meeting the goals of "steady growth, sustainability, and high quality" in 2024[4]. - The company's operating revenue for 2024 reached ¥20,685,528,503.12, representing a 3.04% increase compared to ¥20,074,439,569.16 in 2023[25]. - The net profit attributable to shareholders for 2024 was ¥3,354,288,683.06, a slight increase of 0.45% from ¥3,339,290,323.66 in 2023[25]. - The total assets at the end of 2024 were ¥41,246,813,453.82, marking a 15.96% increase from ¥35,569,904,322.27 at the end of 2023[25]. - The net assets attributable to shareholders increased by 15.13% to ¥23,597,612,509.70 at the end of 2024, compared to ¥20,496,289,780.79 at the end of 2023[25]. - The basic earnings per share for 2024 was ¥1.6091, a decrease of 0.45% from ¥1.6163 in 2023[25]. - The diluted earnings per share for 2024 increased by 1.14% to ¥1.5793 from ¥1.5615 in 2023[25]. - The weighted average return on equity decreased by 2.01 percentage points to 15.67% in 2024, down from 17.68% in 2023[25]. - The company reported a total revenue of 20.686 billion yuan in the reporting period, representing a year-on-year growth of 3.04%[104]. - The total profit for the year reached 3.764 billion yuan, with a net profit attributable to shareholders of 3.354 billion yuan, reflecting a growth of 0.81% and 0.45% respectively[105]. Dividend Policy - The company plans to distribute a cash dividend of 8 RMB per 10 shares (including tax) to all shareholders[9]. - The company plans to distribute a cash dividend of CNY 8 per 10 shares (including tax) for the 2024 fiscal year, reflecting a commitment to return value to shareholders[163]. - The company has committed to shareholder returns, having distributed a total of 2.793 billion yuan in cash dividends over the past three years[105]. Market Expansion and Strategy - The company expanded its product categories and enhanced its product portfolio, focusing on new industries such as commercial aerospace, low-altitude economy, and satellite internet[4]. - The company has established local production capabilities in Germany and accelerated international customer certification in Vietnam, indicating steady progress in international market expansion[4]. - The company is actively pursuing international expansion and enhancing its global marketing system[93]. - The company is focusing on the development of new energy vehicle capabilities to increase market share[93]. - The company is committed to achieving its "dual carbon" goals and promoting green development through the establishment of national and industry-level "green factories"[94]. Research and Development - The company has implemented over 100 key research projects annually, focusing on high-speed and high-density transmission technologies[43]. - The company invested 2.252 billion yuan in R&D during the reporting period, with a total of over 5,900 authorized patents by the end of 2024[107]. - The company is investing $50 million in R&D for new technologies aimed at enhancing product efficiency[138]. Technology and Innovation - The company reported significant advancements in technology, including breakthroughs in high-temperature and high-pressure molding technology and high-precision mirror processing technology[5]. - The company is focusing on smart manufacturing and the development of new manufacturing models to significantly improve production efficiency[6]. - The company is committed to innovation in new products and technologies to maintain competitive advantages[99]. Quality Management - The company has constructed a comprehensive quality management system and improved testing capabilities to enhance cost competitiveness[6]. - The company has received multiple quality management certifications, including GB/T19001 and AS9100D, ensuring high product quality standards[44]. - The company is implementing a comprehensive quality management system to address quality risks associated with its expanding product complexity[96]. Corporate Governance - The company has been recognized as an excellent enterprise in the "Science and Technology Reform Demonstration Action" and has improved its corporate governance and operational efficiency[42]. - The company’s controlling shareholder maintained independence in personnel, finance, and operations, ensuring the protection of minority shareholders' interests[113]. - The company has established independent financial management systems, ensuring no interference from major shareholders in financial decisions[114]. Environmental Responsibility - The company has complied with all relevant environmental protection laws and regulations, with no penalties incurred for violations during the reporting period[175]. - The company has successfully renewed its pollutant discharge permit, valid from April 3, 2024, to April 2, 2029, following the national environmental protection requirements[176]. - The company invested CNY 12.6523 million in environmental governance and protection in 2024, and has fully paid the environmental protection tax as required[182]. Employee and Talent Development - The total number of employees at the end of the reporting period was 19,314, with 8,833 in production, 867 in sales, and 6,866 in technical roles[155]. - The company has a total of 3,869 employees with a master's degree or higher, indicating a strong emphasis on educational qualifications within the workforce[156]. - The company has made significant progress in talent development and compliance management, contributing to its long-term stability and growth[42]. Risk Management - The company has established a comprehensive risk management and internal control system, with 100% of the total assets and operating income of the evaluated units included in the company's consolidated financial statements[172]. - The internal control audit report issued by the accounting firm provided a standard unqualified opinion, confirming effective financial reporting internal controls in all significant aspects[173]. - The company has implemented a risk early warning and monitoring system, enhancing its ability to respond to major risks effectively[172]. Strategic Acquisitions - The company has initiated a strategic acquisition plan, aiming to acquire two smaller firms by the end of 2024 to enhance its technology capabilities[119]. - The company is considering strategic acquisitions to enhance its market position, with a budget of $100 million allocated for potential deals[134].

Core Viewpoint - China Aerospace Science and Industry Corporation (中航科工) experienced a decline of over 4% in stock price due to lower-than-expected profit contributions from its subsidiary, AVIC Optoelectronics (中航光电), leading UBS to downgrade the company's earnings forecast [1] Group 1: Company Performance - AVIC Optoelectronics announced a revenue increase of 3% to 20.7 billion RMB for 2024, with a net profit growth of 0.7% to 3.36 billion RMB [1] - UBS reported that AVIC Optoelectronics contributed 50% to AVIC's profits in 2023, but the profit contribution for 2024 is still below their previous expectations, prompting a 7% downgrade in earnings forecasts for both the previous and current year [1] Group 2: Market Position - China Aerospace Science and Industry Corporation is the only flagship company in Hong Kong's capital market focused on high-tech military and civilian aviation products and services [1] - The company holds controlling stakes in four A-share listed companies: AVIC Helicopter (中直股份), Hongdu Aviation (洪都航空), AVIC Electronics (中航电子), and AVIC Optoelectronics [1] - The main business areas include helicopters, trainer aircraft, general aviation, airborne systems, aviation components, and aviation engineering services [1] - AVIC Helicopter is noted as the largest and highest-output player in China's helicopter manufacturing industry, with the most comprehensive product range [1]

证券代码：002179 证券简称：中航光电 公告编号：2025-005号 中航光电科技股份有限公司 关于回购注销限制性股票完成的公告 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。 特别提示： 1、中航光电科技股份有限公司（以下简称"公司"或"中航光电"）本次回购注 销 A 股限制性股票激励计划（第三期）的限制性股票数量为 1,390,346 股，占回购注销 前公司总股本的 0.0656%，占公司限制性股票激励计划（第三期）授予股份总数的 2.5844%。 2、截至 2025 年 3 月 12 日，上述限制性股票已在中国证券登记结算有限责任公司 深圳分公司完成注销手续。 3、本次注销符合法律、行政法规、部门规章、规范性文件、《中航光电公司章程》 《中航光电 A 股限制性股票激励计划（第三期）（草案修订稿）》等的相关规定。 一、公司 A 股限制性股票激励计划（第三期）概述 2022年9月22日，公司第六届董事会第二十六次会议、第六届监事会第十九次会议 审议通过《关于公司A股限制性股票激励计划（第三期）（草案）及其摘要的议案》《关 于公司限制性股票激励计划实施考核 ...

Financial Performance - Total operating revenue for 2024 reached RMB 20.69 billion, a year-on-year increase of 3.07%[3] - Net profit attributable to shareholders was RMB 3.36 billion, reflecting a growth of 0.65% compared to the previous year[3] - The total profit for the year was RMB 3.77 billion, showing a slight increase of 0.85%[3] - The weighted average return on net assets decreased by 2.35 percentage points to 15.33%[3] - The net asset per share increased by 15.41% to RMB 11.16[3] - Total assets increased by 15.61% to RMB 41.12 billion from the beginning of the reporting period[3] Business Strategy and Development - The company focused on the defense sector and achieved high-quality delivery, enhancing its market position[5] - The new energy vehicle business maintained a competitive edge while expanding into smart connected vehicle development[5] - The company implemented digital transformation initiatives, improving production efficiency through digital workshop construction[5] - The company emphasized cost management throughout the product lifecycle to maintain stable profitability[5]

中航光电科技股份有限公司 证券代码：002179 证券简称：中航光电 公告编号：2025-003号 关于控股股东一致行动人与实际控制人之间 协议转让公司股份的公告 公司控股股东一致行动人中航产业投资有限公司保证向本公司提供的信息 内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。本公司及董 事会全体成员保证公告内容与信息披露义务人提供的信息一致。 特别提示： 1、2025 年 1 月 16 日，中航光电科技股份有限公司（以下简称"公司""本 公司"或"中航光电"）收到公司控股股东中国航空科技工业股份有限公司（以 下简称"中航科工"）一致行动人中航产业投资有限公司（以下简称"中航产投"） 的《中航产业投资有限公司拟转让中航光电科技股份有限公司股份之通知函》， 中航产投拟将其所持有的公司 3,618,290 股股份（占公司股份总数的 0.17%）以 非公开协议转让方式向公司实际控制人中国航空工业集团有限公司（以下简称 "中航工业"）转让（以下简称"本次协议转让"或"本次权益变动"）。 2、本次协议转让完成后，中航产投不再持有公司股份。 3、本次权益变动完成后，公司实际控制人中航工业、控股股东中航科工及 一 ...

北京市金杜律师事务所 关于中航光电科技股份有限公司 2025 年第一次临时股东大会之法律意见书 致：中航光电科技股份有限公司 北京市金杜律师事务所（以下简称本所）接受中航光电科技股份有限公司 （以下简称公司）委托，根据《中华人民共和国证券法》（以下简称《证券法》）、 《中华人民共和国公司法》（以下简称《公司法》）、中国证券监督管理委员会《上 市公司股东大会规则（2022 年修订）》（以下简称《股东大会规则》）等中华人 民共和国境内（以下简称中国境内，为本法律意见书之目的，不包括中国香港 特别行政区、中国澳门特别行政区和中国台湾地区）现行有效的法律、行政法 规、规章和规范性文件和现行有效的《中航光电科技股份有限公司章程》（以下 简称《公司章程》）有关规定，指派律师出席了公司于 2025 年 1 月 15 日召开 的公司 2025 年第一次临时股东大会（以下简称本次股东大会），并就本次股东 大会相关事项出具本法律意见书。 为出具本法律意见书，本所律师审查了公司提供的以下文件，包括但不限 于： 1. 经公司 2024 年第三次临时股东大会审议通过的《中航光电科技股份有 限公司章程》（以下简称《公司章程》）； 2. ...

证券代码：002179 证券简称：中航光电 公告编号：2025-001号 中航光电科技股份有限公司 2025年第一次临时股东大会决议公告 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。 一、重要提示 （一）本次股东大会未出现否决议案的情况； （二）本次股东大会未涉及变更以往股东大会决议。 二、会议召开和出席情况 （一）会议召开情况 1、召开时间： 现场会议时间：2025 年 1 月 15 日（星期三）上午 10:00 网络投票时间：通过深圳证券交易所交易系统投票的时间为 2025 年 1 月 15 日的交易时间，即 9:15－9:25，9:30－11:30 和 13:00－15:00；通过深圳 证券交易所互联网投票系统投票的时间为 2025 年 1 月 15 日 9:15-15:00。 2、现场会议召开地点：中国（河南）自由贸易试验区洛阳片区浅井南 路 6 号中航光电科技股份有限公司 11 楼会议室（一） 3、会议表决方式：现场记名投票与网络投票相结合 4、召集人：公司董事会 5、主持人：董事长郭泽义先生 6、本次股东大会的召集、召开程序符合《中华人民共和国公 ...

证券代码：002179 证券简称：中航光电 公告编号：2025-002号 中航光电科技股份有限公司关于回购注销部分限制性股票 减少注册资本暨通知债权人的公告 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"本公司"）2024 年 12 月 2 日召开的公司第七届董事会第十四次会议、第七届监事会第十二次会议及 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《关于回购注销公司限制性股 票激励计划部分限制性股票的议案》。根据《上市公司股权激励管理办法》等法律法 规及《中航光电科技股份有限公司 A 股限制性股票激励计划（第三期）（草案修订 稿）》相关规定，62 名激励对象因离职、职务下降而不再属于激励计划范围、所在 子公司业绩未达 100%解锁要求、个人绩效考核未达 100%解锁要求等原因，需要回 购注销其所持有的 1,390,346 股限制性股票。公司总股本将减少 1,390,346 股，注册资 本将减少 1,390,346 元。具体内容详见公司 2024 年 12 月 3 日披露于《中国 ...

Investment Rating - The investment rating for the company is "Accumulate" [2] Core Views - The report highlights the company's leading position as a connector supplier, driven by innovations in liquid cooling technology that support AI applications [7][9] - The company is expected to see a continuous improvement in its earnings per share (EPS), projected at 1.65, 1.95, and 2.36 CNY for 2024, 2025, and 2026 respectively [9] - The reasonable value of the company's stock is maintained at 50.58 CNY, corresponding to a 26 times price-to-earnings (P/E) ratio for 2025 [9] Financial Summary - Revenue is projected to grow from 20,074 million CNY in 2023 to 31,183 million CNY in 2026, reflecting a compound annual growth rate (CAGR) of 19.5% [8] - EBITDA is expected to increase from 3,819 million CNY in 2023 to 6,257 million CNY in 2026 [8] - The net profit attributable to the parent company is forecasted to rise from 3,339 million CNY in 2023 to 5,000 million CNY in 2026, with a growth rate of 21.1% [8] - The company's P/E ratio is projected to decrease from 24.13 in 2023 to 16.14 in 2026, indicating improving valuation metrics [8][12] Market Performance - The company has shown a relative performance of -9%, 2%, 13%, 24%, 35%, and 46% against the CSI 300 index from January to November 2024 [4]

中航光电科技股份有限公司信息披露事务管理制度 第一章 总 则 第一条 为加强对公司信息披露工作的管理，进一步规范公司 的信息披露行为，维护公司、投资者及其他利益相关者的合法权 益，根据《中华人民共和国公司法》《中华人民共和国证券法》（以 下简称《证券法》）《上市公司信息披露管理办法》《深圳证券交易 所股票上市规则》（以下简称《股票上市规则》）、《深圳证券交易 所上市公司自律监管指引第 1 号——主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 5 号——信息披露事务管 理》等法律、法规以及《中航光电科技股份有限公司章程》（以下 简称《公司章程》）的有关规定，特制订本制度。 第二条 公司应当同时向所有投资者公开披露信息，披露信息 应真实、准确、完整、及时，简明清晰，通俗易懂，不得有虚假 记载、误导性陈述或者重大遗漏。 第三条 公司董事、监事、高级管理人员应当保证发行人及时、 公平地披露信息，所披露的信息真实、准确、完整。 董事、监事无法保证定期报告内容的真实性、准确性、完整 性或者有异议的，应当在董事会或者监事会审议、审核定期报告 时投反对票或者弃权票。 发行人的董事、高级管理人员应当对证券发行文 ...