广州市浩洋电子股份有限公司 第三届董事会独立董事专门会议 2024 年第四次会议 审核意见 独立董事签字： 一、关于使用部分闲置募集资金进行现金管理的审核意见 王艳 杨雄文 丁晓明 经审核，公司拟使用闲置募集资金进行现金管理，履行了必要的审批程序， 符合《深圳证券交易所创业板股票上市规则》、《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》等有关法律、法规和规范性文件的有关 规定。 目前公司经营情况良好，财务状况稳健，在确保不影响募集资金投资计划正 常进行和募集资金安全的情况下，公司拟使用暂时闲置募集资金进行现金管理， 有助于提高募集资金使用效率，获得一定的投资收益，能进一步提升公司盈利水 平，增加公司收益及股东回报，不存在损害公司全体股东、特别是中小股东利益 的情形。因此，同意本议案的实施。 （以下无正文） 根据《上市公司独立董事管理办法》、《深圳证券交易所创业板股票上市规则》 《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》 《广州市浩洋电子股份有限公司章程》、《广州市浩洋电子股份有限公司独立董事 制度》等法律法规和规章制度的有关规定，广州市浩洋电子股份有限 ...

证券代码：300833 证券简称：浩洋股份 公告编号：2024-042 广州市浩洋电子股份有限公司 关于使用部分闲置募集资金进行现金管理的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 广州市浩洋电子股份有限公司（以下简称"公司"）于 2024 年 10 月 10 日 召开了第三届董事会第十五次会议和第三届监事会第十四会议，审议通过了《关 于使用部分闲置募集资金进行现金管理的议案》，同意公司在确保不影响募集资 金投资计划正常进行和募集资金安全的情况下，使用总额不超过人民币 8 亿元的 闲置募集资金进行现金管理，使用期限自董事会审议通过之日起 12 个月内有效。 在前述额度和期限范围内，资金可循环滚动使用。 公司于 2024 年 5 月 17 日召开第三届董事会第十二次会议和第三届监事会 第十二次会议，审议通过了《关于变更募集资金专户的议案》，同意公司在中国 工商银行股份有限公司广州番禺支行开立新的募集资金专户，并将存放于广州农 村商业银行股份有限公司番禺支行的募集资金（银行账户为：00181691000000051） 转存至新的募集资金专户，待募集资金完 ...

证券代码：300833 证券简称：浩洋股份 公告编号：2024-039 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 广州市浩洋电子股份有限公司 董事会 广州市浩洋电子股份有限公司（以下简称"公司"）近日有 4 项发明专利 被授予专利权，并取得了欧洲专利局和美国商标专利局颁发的相关专利证书，具 体情况如下： 上述发明专利所涉及技术属于公司主要技术，该等专利已应用于公司现有的 产品。专利权的取得不会对公司目前生产经营产生重大影响，但有利于完善知识 产权保护体系，发挥公司自主知识产权优势，增强公司的核心竞争力。 广州市浩洋电子股份有限公司 特此公告。 关于取得发明专利的公告 | 序 | | | | | | 专 | | | | | 申请国 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 号 | 专利名称 | 专利申 | 授权公 | 专利号 | 权利人 | 利 | | | 保护期 | | 家（地 | | | | 请日 | 告日 | | | 类 | | | 限 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook on its stock performance [1][2] Core Views - The report is optimistic about the company's long-term market share growth and product competitiveness [1] - The company's domestic revenue grew by 16.7% YoY in the first half of the year, while overseas revenue slightly declined by 7.89% [2] - The company's OBM (Own Brand Manufacturing) revenue, both domestic and international, reached 430 million yuan in 2023, a 2.3% increase YoY [2] - The company is advancing its capacity construction to enhance supply capabilities, with the first phase of its production base expansion project already operational [2] Financial Performance - The company reported revenue of 669 million yuan in the first half of 2024, a 5.68% YoY decrease, and a net profit of 203 million yuan, a 9.1% YoY decrease [2] - In Q2 2024, the company achieved a gross margin of 51.13%, up 1.38 percentage points YoY, while the net margin was 29.15%, down 3.7 percentage points YoY [2] - The company's revenue is expected to grow from 1.503 billion yuan in 2024E to 2.048 billion yuan in 2026E, with a CAGR of 15.22% to 16.27% [4][5] - Net profit is projected to increase from 416 million yuan in 2024E to 586 million yuan in 2026E, with a CAGR of 13.49% to 18.26% [4][5] Valuation Metrics - The company's PE ratio is expected to decrease from 11.08x in 2024E to 7.86x in 2026E, indicating improving valuation attractiveness [4][5] - The PB ratio is forecasted to decline from 1.81x in 2024E to 1.44x in 2026E, reflecting potential undervaluation [4][5] - ROE is projected to increase from 16.33% in 2024E to 18.28% in 2026E, signaling improving profitability [4][5] Operational Efficiency - The company's gross margin is expected to remain stable at around 50.3% to 50.8% from 2024E to 2026E [5] - Operating margin is forecasted to improve slightly from 33.3% in 2024E to 34.5% in 2026E [5] - The company's asset turnover efficiency is expected to improve, with total asset turnover days decreasing from 653 days in 2024E to 597 days in 2026E [5] Growth Prospects - The company's revenue growth is driven by both domestic and international markets, with a focus on expanding its OBM business [2] - The company's capacity expansion is expected to support future revenue growth, with new production lines enhancing its ability to meet market demand [2] - The company's EPS is projected to grow from 3.29 yuan in 2024E to 4.63 yuan in 2026E, reflecting strong earnings growth potential [4][5]

Financial Performance - As of June 30, 2024, the company's net profit was ¥204,583,310.33, while the net cash flow from operating activities was ¥161,855,994.28, indicating a small gap between the two figures [2] - The company assures that the difference between net profit and cash flow will not pressure short-term solvency and long-term profitability [2] Fundraising Activities - In the 2024 semi-annual report, the actual amount related to fundraising activities was minimal, having no substantial impact on the company's financial structure and overall financial health [2] Market Insights - As of the first half of 2024, the European and American markets accounted for a significant share of the company's foreign orders [3] - The company emphasizes the importance of investor relations and focuses on enhancing operational capabilities to promote sustainable high-quality development [3] Investor Relations Strategy - The company prioritizes information disclosure and actively engages in voluntary disclosures, performance briefings, and roadshows to maintain diverse communication with investors [3] - The company is committed to reasonable dividend policies to return value to shareholders and society [3] Production and Capacity - The overall production and operational status of the company is normal, with new capacity at Haoming Electronics currently in the ramp-up phase [3] - Future capacity release will be driven by market conditions and customer demand [3] Governance and Risk Management - The company has mechanisms in place to prevent potential conflicts of interest or ethical risks related to the stock changes of directors, supervisors, and senior management [3]

Investment Rating - The investment rating for the company is "Outperform the Market" [1] Core Views - The company reported a revenue of 669 million yuan for the first half of 2024, a year-on-year decrease of 5.68%, and a net profit attributable to shareholders of 203 million yuan, down 9.10% year-on-year [5] - In Q2 2024, the company achieved a revenue of 354 million yuan, a decline of 6.67% year-on-year, and a net profit of 102 million yuan, down 17.16% year-on-year [5] - The company has improved its gross margin to 51.85%, an increase of 1.21 percentage points year-on-year, while the overall net profit margin decreased by 1.07 percentage points to 30.59% [5] - The acquisition of Danish SGM Light for 3 million euros is expected to enhance the company's high-end brand in architectural lighting and broaden its international sales channels [5] Financial Performance - The company forecasts net profits of 435 million yuan and 531 million yuan for 2024 and 2025, respectively, with year-on-year growth rates of 18.9% and 21.8% [6] - The projected P/E ratios for 2024 and 2025 are 10.7 and 8.8, respectively, with a reasonable valuation range of 61.92 to 68.80 yuan based on comparable companies [6] - Revenue is expected to grow from 1.305 billion yuan in 2023 to 1.872 billion yuan in 2025, reflecting a compound annual growth rate [7] Business Segmentation - The company's OBM revenue reached 433 million yuan, a year-on-year increase of 2.30%, while ODM revenue was 190 million yuan, down 27.45% year-on-year [5] - The company has increased its R&D expenses, leading to a rise in the management expense ratio to 7.00% and R&D expense ratio to 5.23% [5] Market Comparison - The company’s stock price closed at 36.77 yuan on September 10, with a market capitalization of 4.651 billion yuan [1] - The stock has experienced a 52-week price fluctuation between 36.30 and 115.72 yuan [1]

Group 1: Event Details - The company will participate in the "2024 Guangdong Listed Companies Investor Relations Management Month" event [2] - The online investor reception day is scheduled for September 12, 2024, from 15:30 to 16:30 [2] - Investors can join the event via the "Panorama Roadshow" website [2] Group 2: Company Representatives - The event will feature the company's Chairman and General Manager, Jiang Weikai, as well as the Chief Financial Officer, Xu Kaiqi, and the Board Secretary, Lao Jiewei [2] - These representatives will discuss the company's 2024 semi-annual performance, governance, operational status, and sustainable development [2] Group 3: Investor Engagement - The company aims to enhance interaction and communication with investors through this event [2] - Investors are encouraged to actively participate in the discussions [2]

证券代码：300833 证券简称：浩洋股份 公告编号：2024-037 广州市浩洋电子股份有限公司 关于全资子公司完成工商登记的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 广州市浩洋电子股份有限公司（以下简称"公司"）于 2024 年 8 月 31 日 召开第三届董事会第十四次会议，审议通过了《关于对外投资设立全资子公司的 议案》。具体内容详见公司于 2024 年 9 月 2 日 披 露 在 巨 潮 资 讯 网 （www.cninfo.com.cn）的《对外投资设立全资子公司的公告》（公告编号：2024- 034）。 近日，全资子公司 SGM Lighting ApS 已完成商事登记，并取得了由丹麦商 事主管部门颁发的《商业登记证》。 1、《商业登记证》 一、子公司工商登记基本信息 特此公告。 1、公司名称：SGM Lighting ApS 广州市浩洋电子股份有限公司 董事会 2、地址：Sommervej 23C，Hasle，8210 Aarhus V，Denmark 3、公司注册证书号码：45060829 4、注册资本：十万丹麦克朗 5、成立日期： ...

证券代码：300833 证券简称：浩洋股份 公告编号：2024-036 特此公告。 广州市浩洋电子股份有限公司 董事会 广州市浩洋电子股份有限公司（以下简称"公司"）近日有 3 项发明专利 被授予专利权，并取得了美国商标专利局颁发的相关专利证书，具体情况如下： | 序 | | | | | | 专 | | 申请国 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 号 | 专利名称 | 专利申 | 授权公 | 专利号 | 权利人 | 利 | 保护期 | 家（地 | | | | 请日 | 告日 | | | 类 | 限 | 区） | | | | | | | | 型 | | | | | 一种基于机器视觉 | | | | | | 自 PCT | | | | 的摇头电脑灯智能 | | | | | | 申请日 | | | | 调焦方法 | | | | | | 起 20 年 | | | | （INTELLIGENT | 2020 年 | 2024 年 | | 广州市浩 | | +723 天 | | | | | | | | 洋电子股 | 发 | | | | 1 ...

证券代码：300833 证券简称：浩洋股份 编号：2024-007 广州市浩洋电子股份有限公司 投资者关系活动记录表 | --- | --- | --- | --- | |-------------------------|--------------------------------------|-------------|--------------------------------------------------------------------------| | | | | | | 投资者关系 | □特定对象调研 | □分析师会议 | □媒体采访 | | 活动类别 | □业绩说明会 | □新闻发布会 | □路演活动 | | | □现场参观 | 其他 | 关于购买 SGM Light 公司资产项目交流会 | | 参与单位名称 及人员姓名 | 详见附件 | | | | 时间 | 2024 年 9 月 2 日 | | | | 地点 | 公司会议室电话会议 | | | | | | | | | 上市公司接 待人员姓名 | 董事会秘书 劳杰伟先生 证券事务代表 | 郑宇轩先生 | | | | | | | ...