证券代码：002273 证券简称：水晶光电 编号：2024008 浙江水晶光电科技股份 投资者关系活动记录表 | --- | --- | --- | |-------------------------|---------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

| --- | --- | --- | --- | --- | --- | |-------------|------------------------|----------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | C R Y S T A | L - O P T E C H | | | | | | | | 水晶光电 | | | | | | 2024年三季度业绩说明会 | | | | | | | | | | | | 前瞻性陈述 2 Forward-looking Statement 本文件由浙江水晶光电科技股份有限公司（以下简称"公司"或"本公司"）编制，仅供在本公司的业绩发布 会上使用。 本文件所载数据未经独立核实。本资料应与2024年三季度报告一并阅读，所涉信息及释义以2024年三季度报告 披露为准。本文件并无以明示或暗示方式作出任何陈述或保证，阁下不得依赖本文件所载数据的准确性、公正性或 完整性。本文件所载信息及意见乃于本会 ...

Investment Rating - Buy rating maintained for Crystal Optoelectronics (002273 SZ) [1] Core Views - Q3 2024 results significantly exceeded expectations with record high revenue and profits [1] - Revenue in Q3 2024 reached 2 05 billion yuan up 21 2% YoY and 56 9% QoQ [1] - Net profit attributable to parent company in Q3 2024 was 430 million yuan up 67 0% YoY and 75 3% QoQ [1] - Gross margin in Q3 2024 hit 36 7% the highest since 2014 up 8 1 ppts YoY and 5 4 ppts QoQ [1] - Net margin in Q3 2024 was 21 4% up 5 8 ppts YoY and 2 0 ppts QoQ [1] - Strong growth driven by increased utilization of key products like micro prisms and internal cost optimization [1] - Positive outlook for optical innovation in Apple supply chain and AR waveguide technology [1] Financial Performance - 2024E revenue forecast increased to 6 205 billion yuan up 22 2% YoY [1][4] - 2024E net profit attributable to parent company forecast raised to 1 001 billion yuan up 66 7% YoY [1][4] - 2025E revenue forecast at 7 416 billion yuan up 19 5% YoY [1][4] - 2025E net profit attributable to parent company forecast at 1 301 billion yuan up 30 0% YoY [1][4] - 2026E revenue forecast at 8 680 billion yuan up 17 0% YoY [1][4] - 2026E net profit attributable to parent company forecast at 1 563 billion yuan up 20 2% YoY [1][4] - 2024E EPS forecast at 0 72 yuan up from previous estimate of 0 65 yuan [1][4] - 2025E EPS forecast at 0 94 yuan [1][4] - 2026E EPS forecast at 1 12 yuan [1][4] Growth Drivers - Micro prism products benefiting from periscope camera adoption and future specification upgrades [1] - Increased market share in coating business expected to drive growth [1] - Strategic positioning in high barrier AR waveguide technologies including array and volume holography [1] - Collaboration with industry leaders like Lumus and Digilens in AR space [1] Valuation - 2024E PE ratio at 27x [1] - 2025E PE ratio at 21x [1] - 2026E PE ratio at 17x [1] - Current market capitalization at 26 85 billion yuan [2] - Current share price at 19 31 yuan [2]

消费电子概念29日盘中走势活跃，截至发稿，荣亿精密、银邦股份、格林精密、欧菲光、水晶光电、福 日电子等涨停，光弘科技、闻泰科技、生益电子涨约9%。 消息面上，苹果周一宣布推出首批Apple Intelligence，并发布搭载专注AI功能的M4处理器的全新24英寸 iMac桌面电脑，标志其设备进入新时代。 新款iMac售价与前代相同，起价1299美元，性能提升并配备了增强的神经引擎以处理AI任务。 行业方面，根据IDC数据，2024年第三季度全球智能手机出货量同比上涨4%，达到3.161亿部，实现连 续五个季度出货量增长。 东海证券表示，荣耀、vivo近日均发布了新机型，包括荣耀X60系列和vivoX200系列，未来几周荣耀、 华为、小米等仍将密集召开新品发布会，有望共同带动消费电子行业的持续复苏；当前电子行业需求处 于温和复苏阶段，建议关注AIoT、AI驱动、设备材料、消费电子周期筑底板块四大投资主线。 华福证券认为，消费电子正处在短期企稳回暖、AI带动行业创新周期来临和巨头新品催化不断的三重 拐点。 AI将率先落地手机等成熟消费电子产品，带动量价齐升。 短期来看，硬件变革适配AI负载，催化存量用户被动换机 ...

Investment Rating - The investment rating for the company is "Accumulate" (maintained) [1] Core Views - The company reported a significant revenue increase of 32.69% year-on-year for the first three quarters of 2024, reaching 4.71 billion yuan, with a net profit attributable to shareholders of 862 million yuan, up 96.77% year-on-year [2][3] - The strong performance is driven by major clients' optical products, with a gross margin of 31.57%, an increase of 4.58 percentage points year-on-year [2] - Future growth is expected from optical innovations, including new products and cost reduction strategies, which are anticipated to enhance profit margins [4] Financial Performance Summary - For Q3 2024, the company achieved a revenue of 2.06 billion yuan, representing a year-on-year increase of 21.19% and a quarter-on-quarter increase of 56.91% [3] - The net profit for Q3 2024 was 435 million yuan, up 66.99% year-on-year and 75.30% quarter-on-quarter, with a gross margin of 36.71%, an increase of 8.14 percentage points year-on-year [3] - The company expects net profits for 2024-2026 to be 1.066 billion, 1.233 billion, and 1.379 billion yuan respectively, with corresponding EPS of 0.77, 0.89, and 0.99 yuan [4] Revenue and Profit Forecast - The projected revenue for 2024 is 6.481 billion yuan, with a growth rate of 27.67% [5] - The net profit for 2024 is expected to be 1.066 billion yuan, reflecting a growth rate of 77.54% [5] - The company’s PE ratios for 2024, 2025, and 2026 are projected to be 25.20, 21.78, and 19.47 respectively [4][5]

Financial Performance - The company's revenue for Q3 2024 reached ¥2,054,880,174.43, an increase of 21.19% compared to the same period last year[2]. - Net profit attributable to shareholders for the same period was ¥434,875,585.82, reflecting a significant growth of 66.99% year-over-year[2]. - The net profit after deducting non-recurring gains and losses was ¥439,609,902.76, up 72.60% from the previous year[2]. - Total operating revenue for Q3 2024 reached ¥4,709,724,778.54, an increase of 32.5% compared to ¥3,549,462,362.41 in the same period last year[16]. - The net profit for Q3 2024 was CNY 879,135,775.94, a significant increase from CNY 450,994,293.29 in Q3 2023, representing an increase of approximately 95%[17]. - The total comprehensive income for the period was CNY 877,832,579.84, compared to CNY 451,581,968.75 in the same quarter last year, an increase of about 94.5%[17]. - The operating profit for Q3 2024 was CNY 983,767,594.34, compared to CNY 496,762,477.57 in Q3 2023, representing an increase of approximately 97.7%[17]. Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥11,514,093,123.11, representing a 2.30% increase from the end of the previous year[3]. - Total assets as of the end of Q3 2024 amounted to ¥11,514,093,123.11, a slight increase from ¥11,254,920,900.91 at the beginning of the year[15]. - Current assets decreased to ¥4,359,893,180.58 from ¥4,771,228,322.67, indicating a reduction of 8.7%[14]. - Total liabilities increased to ¥2,298,942,034.17 from ¥2,282,165,196.38, reflecting a growth of 0.7%[14]. - The company's total equity rose to ¥9,215,151,088.94 from ¥8,972,755,704.53, indicating an increase of 2.7%[15]. Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥1,390,000,604.84, showing a substantial increase of 199.53%[2]. - The cash flow from operating activities generated a net amount of CNY 1,390,000,604.84, up from CNY 464,057,910.53 in the previous year, indicating a year-over-year increase of approximately 199%[18]. - The company incurred a net cash outflow from financing activities of CNY -530,156,829.36, compared to CNY -190,438,100.17 in the previous year, indicating a worsening cash flow situation in financing[19]. - The cash inflow from investment activities was CNY 1,824,860,187.27, compared to CNY 1,268,360,174.34 in the same period last year, showing an increase of about 43.8%[18]. Shareholder Information - The company's total equity attributable to shareholders was ¥8,840,914,361.12, up 2.77% from the previous year[3]. - The top 10 shareholders include Star Group Co., Ltd. with 123,753,273 shares, accounting for 8.90% of total shares[8]. - The company reported that the Agricultural Bank of China holds 25,180,143 shares, representing 1.81% of total shares[9]. - The company’s stock repurchase account does not include the top 10 shareholders listed[10]. - The company’s total share capital is subject to changes due to the transfer and lending of shares among major shareholders[10]. Employee Stock Ownership Plan - The company approved the eighth employee stock ownership plan, involving 750,000 shares, accounting for 0.05% of the total share capital, with a purchase price of RMB 8.95 per share[12]. - The employee stock ownership plan will have a lock-up period with a total of 40% of shares unlocking after 12 months, 30% after 24 months, and 30% after 36 months[12]. - The company completed the non-trading transfer of 750,000 repurchased shares for the employee stock ownership plan[12]. Investments - The company raised a total of RMB 207 million for the Qizhou Lingben Equity Investment Fund, with the company contributing RMB 100 million, representing a 48.31% stake[11]. - The investment fund plans to inject RMB 20 million into Guangchi Semiconductor, increasing its registered capital from RMB 120 million to RMB 133.91 million, with the fund holding a 10.39% stake post-investment[11]. - The company reported a significant increase in accounts receivable by 143.21% due to an increase in commercial acceptance bills received[5]. - The company’s intangible assets increased by 36.33% due to the acquisition of land use rights[6]. - The company’s investment in Guangchi Semiconductor is classified as a related party transaction due to the relationship between the investment fund and the target company[11].

证券代码：002273 股票简称：水晶光电 公告编号：（2024）081 号 浙江水晶光电科技股份有限公司 关于开展以套期保值为目的的外汇衍生品交易业务的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 重要提示： 1、交易品种：浙江水晶光电科技股份有限公司（以下简称"公司"）及子公司开展的 以套期保值为目的的外汇衍生品交易主要包括远期结汇、期权、互换、掉期等产品或上述产 品的组合。 2、交易金额：公司及子公司的外汇衍生品交易业务仅限于实际业务发生的币种（主要 币种为美元），年累计金额不超过等值人民币 10 亿元。预计动用的交易保证金和权利金上 限（包括为交易而提供的担保物价值、预计占用的金融机构授信额度、为应急措施所预留的 保证金等）不超过人民币 6,000 万元（或等值外币），任一交易日持有的最高合约价值不超 过人民币 5 亿元。 二、 审议程序 公司于 2024 年 10 月 25 日、2024 年 10 月 28 日分别召开第六届董事会审计委员会 2024 年第四次会议、第六届董事会第二十六次会议，审议通过了公司编制的《关于开展外汇衍生 品交易业 ...

关于开展外汇衍生品交易业务的可行性分析报告 浙江水晶光电科技股份有限公司 一、公司开展外汇衍生品交易业务的背景 浙江水晶光电科技股份有限公司（以下简称"公司"）及子公司近几年随着国际业务的 不断拓展，外汇收支规模持续增长。受国际政治、经济等不确定因素影响，外汇市场波动较 为频繁，汇率波动将直接影响公司的出口收入和进口成本，导致公司经营不确定因素增加。 为了有效规避外汇市场风险，合理降低财务费用，公司及子公司拟开展以套期保值为目的的 外汇衍生品交易业务，尽可能降低汇兑损失对公司经营带来的负面影响。 2、资金来源：公司及子公司自有资金。 3、币种与金额：公司及子公司的外汇衍生品交易业务仅限于实际业务发生的币种（主 要币种为美元），年累计金额不超过等值人民币 10 亿元。预计动用的交易保证金和权利金上 限（包括为交易而提供的担保物价值、预计占用的金融机构授信额度、为应急措施所预留的 保证金等）不超过人民币 6,000 万元（或等值外币），任一交易日持有的最高合约价值不超 过人民币 5 亿元。 4、交易对手：经国家外汇管理局和中国人民银行批准，有外汇衍生品交易业务经营资 格的商业银行。 5、流动性安排：外汇衍生品交易 ...

证券代码：002273 证券简称：水晶光电 公告编号：（2024）079 号 浙江水晶光电科技股份有限公司 第六届监事会第十八次会议决议公告 本公司及监事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 一、监事会会议召开情况 浙江水晶光电科技股份有限公司（以下简称"公司"）第六届监事会第十八次会议通知 于 2024 年 10 月 23 日以电子邮件、微信、电话的形式送达。会议于 2024 年 10 月 28 日上午 10:00 以通讯表决的形式召开。本次会议应出席监事 3 名，实际出席会议监事 3 名，会议由 监事会主席泮玲娟女士主持，公司董事会秘书韩莉女士列席了会议。本次会议的召开符合法 律、法规、规章及公司章程的规定。 《2024 年第三季度报告》（公告编号：（2024）080 号），详见信息披露媒体《证券时 报 》《 中 国 证 券 报 》《 上 海 证 券 报 》《 证 券 日 报 》 和信息披露网站巨潮资讯网 http://www.cninfo.com.cn。 根据相关规定，公司监事会对 2024 年第三季度报告进行了审核，审核意见如下： （1）公司《2024 ...

表决结果：同意12票，反对0票，弃权0票。 浙江水晶光电科技股份有限公司 第六届董事会第二十六次会议决议公告 证券代码：002273 股票简称：水晶光电 公告编号：（2024）078 号 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 一、董事会会议召开情况 浙江水晶光电科技股份有限公司（以下简称"公司"）第六届董事会第二十六次会议通 知于 2024 年 10 月 23 日以电子邮件、微信、电话的形式送达。会议于 2024 年 10 月 28 日上 午 09:00 以通讯表决的方式召开。本次会议应出席会议董事 12 人，实际出席会议董事 12 人，会议由董事长林敏先生主持，第六届监事会成员及高管列席了会议。本次会议的召开符 合法律、法规、规章及公司章程的规定。 二、董事会会议审议情况 1、审议通过了《2024 年第三季度报告》； 《关于开展以套取保值为目的的外汇衍生品交易业务的公告》（公告编号：（2024）081 号）全文详见信息披露媒体《证券时报》《中国证券报》《上海证券报》《证券日报》和信 息披露网站巨潮资讯网http://www.cninfo.com.c ...