证券代码：301362 证券简称：民爆光电 公告编号：2024-053 深圳民爆光电股份有限公司 关于参加 2024 年度深圳辖区上市公司集体接待日活动的公告 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。 为进一步加强与投资者的互动交流，深圳民爆光电股份有限公司（以下简称"公 司"）将参加由深圳证监局和深圳证券交易所指导、深圳上市公司协会与深圳市全景 网络有限公司联合举办的"2024 年度深圳辖区上市公司集体接待日"活动，现将相 关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （https://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP,参 与本次互动交流，活动时间为 2024 年 12 月 12 日（周四）14:30-17:00。届时公司 高管将在线就公司 2023 年度业绩、公司治理、发展战略、经营状况、融资计划、股 权激励和可持续发展等投资者关心的问题，与投资者进行沟通与交流，欢迎广大投资 者踊跃参与！ 特此公告！ 深圳民爆光电股份有限公司 董 事 会 2024 年 11 月 26 日 ...

Business Overview and Strategy - The company, established in 2010, is a national-level specialized and innovative "little giant" enterprise focusing on R&D-driven LED green lighting products [2] - Main business segments include commercial lighting and industrial lighting, with expansions into plant lighting, emergency lighting, beauty lighting, explosion-proof lighting, and sports lighting [2] - Operates under a "multi-sector, multi-entity" model, primarily serving overseas regional brand owners and engineering contractors through ODM (Original Design Manufacturing) [2] Financial Performance and Competitive Advantages - Sales gross margin/net profit margin is slightly higher than peers due to differentiated market competition strategy and refined scientific management [3] - Key factors contributing to higher margins: targeting mid-to-high-end markets in developed countries, strong R&D team, flexible delivery system, diversified quality control, and refined customer management [3] - Americas revenue grew 34.24% YoY in the first three quarters of 2024, with a gross margin of 29.78% [3] Market Expansion and Future Plans - North America accounts for approximately 30% of the global LED lighting market [3] - Two strategies for North America: subsidiary Aigeste focuses on customized industrial lighting for engineering clients, while Shenzhen Yixin Optoelectronics targets commercial and general industrial lighting [3] - Established Yixin Optoelectronics (Vietnam) in 2022 to handle North American orders and expand overseas manufacturing capacity [4] - Business has expanded to over 60 countries along the "Belt and Road" initiative, with Southeast Asia being a key growth market [4] Product Development and Innovation - Plans to develop more intelligent products in commercial and industrial lighting sectors [4] - Aims to integrate LED lighting technology with agriculture, safety, urban, sports, and medical beauty lighting [4] - Continues to enhance market penetration of existing products through deeper customer collaboration and new client acquisition [4] Operational Efficiency and Automation - Adopts a "production-to-order" model, ensuring high capacity utilization [5] - Achieved automation in PCB assembly and power supply manufacturing, with partial automation in final assembly and packaging [5] - Established an automation equipment R&D department to improve production efficiency for "small batch, multi-variety, customized" orders [5] Financial Management and Shareholder Returns - Implements an active, sustainable, and stable profit distribution policy [4] - Plans to distribute at least 50% of annual distributable profits in cash for three consecutive years (2023-2025) [4] - Completed a share repurchase of 1,483,309 shares (1.4171% of total shares) for RMB 49,495,173.73, intended for employee stock ownership or equity incentives [5] Cost Reduction and Efficiency Improvement - Focuses on cost reduction through optimized design and production processes, supply chain management, refined project management, and strict budget control [5]

尊敬的各位股东广大投资的朋友大家下午好欢迎来到明报光电2024年度业绩说明会首先我介绍一下出席今天业绩说明会的嘉宾他们分别是公司董事长兼总经理谢祖华先生 独立董事廖斌先生财务总监刘俊先生我是公司董事会秘书黄金元欢迎各位的到来 今天的业绩说明会共分为四个部分首先由董事长总经理谢祖华先生致辞二是由我向大家汇报公司生产经营情况和未来发展规划三是由财务总监刘俊先生对2024年年度业绩做解读四是对事前增进的投资者问题和直播平台部分问题的解答环节 希望通过今天的业绩说明会能够让大家进一步的了解明报光电以及明报光电未来的投资价值首先有请公司董事长兼总经理谢祖华先生致辞 尊敬的各位投资者大家好我是明报光电的董事长谢祖华欢迎大家参加明报光电2020年度网上业绩说明会首先请允许我代表明报光电董事会向参加本次业绩说明会的朋友表示热烈的欢迎向长期以来大力支持和关心明报光电的广大投资者客户伙伴媒体朋友表示衷心的感谢 明爆光电是研发创新驱动型的国家级专精特性小巨人企业是专业从事LED绿色照明灯具产品的研发生产和销售公司依托成熟的产品设计开发体系和小批量柔性化的生产制造模式主要通过ODM模式为境外区域性品牌商和工程商提供个性化多样化的照明 ...

证券代码：301362 证券简称：民爆光电 深圳民爆光电股份有限公司投资者关系活动记录表 编号：2024-019 | --- | --- | --- | --- | --- | --- | --- | |---------------------------|--------------------|--------------------------------------------------|--------------------------------------------------|------------------------------------|------------|---------------------------------------------| | 投资者关系活 \n动类别 | □ \n□ \n□ \n□ 其他 | □特定对象调研 \n媒体采访 \n新闻发布会 \n现场参观 | □ \n☑ \n□ \n（请文字说明其他活动内容） | 分析师会议 \n业绩说明会 \n路演活动 | \n \n \n | \n \n \n | | 参与单位名称 | 编号 | 姓名 | ...

Investment Rating - The investment rating for the company is "Accumulate" [5] Core Views - The company achieved a steady revenue growth of 12.31 billion yuan in the first three quarters of 2024, representing an 8.1% year-on-year increase, while the net profit attributable to the parent company was 1.87 billion yuan, up 0.48% year-on-year [1] - In Q3 2024, the company reported revenue of 4.14 billion yuan, a 6.38% year-on-year increase, but the net profit decreased by 12.64% year-on-year to 0.6 billion yuan [1] - The overall profit margin of the company has slightly come under pressure, with a gross margin of 31.03% in the first three quarters of 2024, down 2.67 percentage points year-on-year [3] - The financial expense ratio has increased, attributed to exchange rate fluctuations, with the financial expense ratio in Q3 2024 rising by 1.09 percentage points year-on-year [4] Revenue Summary - The company experienced stable revenue growth in Q3 2024, although the growth rate has slowed compared to H1 2024. It is expected that the growth trend will continue, with commercial lighting revenue potentially outpacing industrial lighting [2] Profitability Summary - The gross margin for Q3 2024 was 30.85%, down 3.33 percentage points year-on-year, and the net margin was 14.16%, also down 3.33 percentage points year-on-year. The decline in gross margin is expected to continue, particularly in industrial lighting products [3] Financial Metrics Summary - The company’s financial metrics indicate a sales expense ratio of 5.43%, a management expense ratio of 3.87%, a research and development expense ratio of 7.03%, and a financial expense ratio of -1.51% for the first three quarters of 2024 [4] - The projected net profit for the years 2024 to 2026 is estimated at 2.4 billion yuan, 2.8 billion yuan, and 3.1 billion yuan respectively, with corresponding dynamic P/E ratios of 17.3x, 15.2x, and 13.4x [4]

上 市 公 司 家用电器 证 券 研 究 报 告 2024 年 10 月 26 日 民爆光电 (301362) —— 2024 年三季报点评：收入符合预期，利润增速略有 承压 | --- | --- | |-----------------------------|-------------------------------| | 市场数据： | 2024 年 10 月 25 日 | | 收盘价（元） | 40.33 | | 一年内最高/最低（元） | 44.99/25.53 | | 市净率 | 1.7 | | 息率（分红 / 股价） | 4.78 | | 流通 A 股市值（百万元） | 1,197 | | 上证指数 / 深证成指 | 3,299.70/10,619.85 | | --- | --- | |------------------------------|-------------------------------| | | | | | | | 基础数据 : | 2024 年 09 月 30 日 | | 每股净资产（元） | 23.93 | | 资产负债率 % | 15.59 | | 总股本/ ...

Revenue and Profit - Revenue for the third quarter was RMB 414.43 million, a 6.38% increase year-over-year[2] - Net profit attributable to shareholders was RMB 59.71 million, a decrease of 12.64% compared to the same period last year[2] - Total revenue for the quarter reached 1,230,923,667.58 RMB, an increase from 1,138,728,890.73 RMB in the same period last year[13] - Net profit attributable to the parent company was 207,658,193.11 RMB, slightly down from 209,116,828.75 RMB in the previous year[13] - Net profit attributable to parent company shareholders was RMB 187.10 million, compared to RMB 186.21 million in the previous period[14] - Basic and diluted earnings per share were RMB 1.80, down from RMB 2.21 in the previous period[14] - Total comprehensive income was RMB 184.64 million, slightly down from RMB 184.91 million in the previous period[14] Assets and Liabilities - Total assets as of the end of the reporting period were RMB 2.96 billion, a decrease of 3.09% compared to the end of the previous year[2] - Total assets decreased to 2,962,773,354.75 RMB from 3,057,161,203.87 RMB at the beginning of the year[12] - Total liabilities decreased to 461,768,512.17 RMB from 494,462,801.64 RMB at the beginning of the year[12] - Total equity attributable to the parent company decreased to 2,504,995,844.08 RMB from 2,568,032,173.65 RMB at the beginning of the year[12] - The company's total equity attributable to shareholders decreased by 2.45% to RMB 2.50 billion compared to the end of the previous year[2] Cash Flow - Cash received from investment activities increased by 895.63% to RMB 1.82 billion, mainly due to the redemption of financial products[6] - Cash and cash equivalents stood at 917,707,644.15 RMB, a slight increase from 912,225,054.55 RMB at the beginning of the year[11] - Cash received from sales of goods and services was RMB 1.20 billion, an increase from RMB 1.11 billion in the previous period[15] - Net cash flow from operating activities was RMB 162.45 million, a decrease from RMB 222.85 million in the previous period[15] - Net cash flow from investing activities was RMB 476.15 million, compared to a negative RMB 763.70 million in the previous period[15] - Net cash flow from financing activities was negative RMB 269.03 million, compared to positive RMB 1.17 billion in the previous period[16] - The ending balance of cash and cash equivalents was RMB 731.66 million, down from RMB 891.57 million in the previous period[16] Expenses and Costs - The company's financial expenses decreased by 34.57% due to increased interest income[6] - Operating costs for the quarter were 1,042,072,767.46 RMB, up from 927,856,149.65 RMB in the previous year[13] - R&D expenses increased to 86,515,317.70 RMB, compared to 66,835,531.52 RMB in the same period last year[13] - Income tax expenses were RMB 19.27 million, a decrease from RMB 24.59 million in the previous period[14] Investment and Income - Investment income surged by 975.18% to RMB 34.04 million, primarily due to increased returns from financial products[6] - Government subsidies increased by 68.05%, contributing to other income of RMB 8.28 million[6] - The company's dividend payments increased by 322.34% to RMB 200.04 million[6] - The weighted average return on equity (ROE) for the reporting period was 2.40%, a decrease of 0.82 percentage points year-over-year[2] Shareholders and Equity - The top 10 shareholders with unrestricted shares include China Agricultural Bank-Ping An Low Carbon Economy Mixed Securities Investment Fund holding 3,900,000 shares[8] - Shenzhen Hongtu Intelligent Equity Investment Management Co., Ltd. holds 1,500,000 shares through Shenzhen Hongtu Intelligent Equity Investment Fund Partnership[8] - Shenzhen Hongtu Intelligent Equity Investment Management Co., Ltd. holds 900,000 shares through Shenzhen Hongtu Guangming Venture Investment Fund Partnership[8] - Guosen Securities-Hangzhou Bank-Guosen Securities Minbao Optoelectronics Employee Strategic Placement Collective Asset Management Plan holds 715,970 shares[8] - Shenzhen Innovation Investment Group Co., Ltd. holds 600,000 shares[8] - Shenzhen Bao'an District Industrial Investment Guidance Fund Co., Ltd. holds 500,000 shares[8] - Xie Zuhua, the actual controller, holds 38,925,031 restricted shares, with the restriction period ending on February 4, 2027[9] - Shenzhen Liqin Investment Partnership holds 29,103,548 restricted shares, with the restriction period ending on February 4, 2027[9] - Shenzhen Ruigan Enterprise Management Partnership holds 3,486,045 restricted shares, with the restriction period ending on February 4, 2027[9] Other Financial Metrics - Accounts receivable increased to 243,494,529.01 RMB from 221,431,210.45 RMB at the beginning of the year[11] - Inventory decreased to 226,772,599.17 RMB from 234,004,737.85 RMB at the beginning of the year[11] - The company sold 85.1064% of its equity in Shanghai Hanpai for RMB 1, and the transaction was completed on August 7, 2024, removing Shanghai Hanpai from the consolidated financial statements[10] - The company's third-quarter report was unaudited[16]

Key Points - **Industry/Company**: Mingbao Optoelectronics - **Core Points and Arguments**: - Mingbao Optoelectronics' Chairman and General Manager, Xie Zuhua, addressed the event, expressing gratitude to Shenshang Association and co-organizers for organizing the investor exchange activity [1]. - **Other Important Content**: - No additional information provided in the excerpt.

证券代码：301362 证券简称：民爆光电 深圳民爆光电股份有限公司投资者关系活动记录表 编号：2024-018 | --- | --- | --- | |-----------------------|-----------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------| | 投资者关系活 \n动类别 | □特定对象调研 \n□ 媒体采访 \n□ 新闻发布会 \n□ 现场参观 \n□ 其他 | □ 分析师会议 \n □业绩说明会 \n ☑ 路演活动 \n \n （请文字说明其他活动内容） | | 参与单位名称 | | 银华基金、蓝海汇金、银卓创投、前海恒昇基金、海利祥基金、红塔红土基 | | 及人员姓名 | | 金、招商证券、国信证券、华泰证券、旭源投资、东方藏山资管、日月星辰 | ...

法律意见书 致：深圳民爆光电股份有限公司 北京市金杜（深圳）律师事务所（以下简称本所）接受深圳民爆光电股份有 限公司（以下简称公司）的委托，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、规范性文件和现行有效的《深圳民爆光电股份有限公司章程》 （以下简称《公司章程》）的规定，指派律师出席了公司于 2024 年 10 月 14 日 召开的 2024 年第二次临时股东大会（以下简称本次股东大会），并就本次股东 大会的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： 北京市金杜（深圳）律师事务所 关于深圳民爆光电股份有限公司 2024 年第二次临时股东大会的 5．出席现场会议的股东到会登记记录及凭证资料； 6．深圳证券信息有限公司提供的本次股东大会网络投票情况的统计结果 ...