OPTICAL LIBRARY TECHNOLOGY (300620) ANNOUNCED ON APRIL 19 THAT THE COMPANY'S OUTGOING SENIOR MANAGEMENT HE ZAIXIN RECENTLY RECEIVED THE "DECISION ON ORDERING CORRECTIVE MEASURES AGAINST HE ZAIXIN" ISSUED BY THE GUANGDONG SECURITIES REGULATORY BUREAU.
ACCORDING TO THE "DECISION ON ADMINISTRATIVE SUPERVISION MEASURES", AFTER INVESTIGATION, HE ZAIXIN REDUCED HIS HOLDINGS OF 10,000 SHARES OF OPTICAL LIBRARY TECHNOLOGY THROUGH CENTRALIZED BIDDING ON THE SHENZHEN STOCK EXCHANGE DURING HIS TENURE AS A SENIOR MANAGER OF OPTICAL LIBRARY TECHNOLOGY, AND FAILED TO DISCLOSE THE SHAREHOLDING REDUCTION PLAN IN ADVANCE 15 TRADING DAYS BEFORE THE STOCK WAS SOLD AS REQUIRED.
In accordance with the relevant regulations, the Guangdong Securities Regulatory Bureau decided to take administrative supervision measures against HE ZAIXIN to order corrections.
According to the announcement, HE ZAIXIN has submitted a written rectification report to the Guangdong Securities Regulatory Bureau in accordance with the requirements of the "Decision on Administrative Supervision Measures", and repurchased 10,000 shares of the company in accordance with the rectification commitment, and part of the difference between the illegal reduction and the repurchase of shares belongs to the company.
ACCORDING TO THE 2023 ANNUAL REPORT OF OPTICAL LIBRARY TECHNOLOGY, HE ZAIXIN WAS THE FORMER DEPUTY GENERAL MANAGER OF THE COMPANY AND LEFT ON MARCH 29 THIS YEAR DUE TO THE CHANGE OF OFFICE. The total pre-tax remuneration received by HE from the company in ZAIXIN2023 was 1.1499 million yuan, and no remuneration was received from related parties of the company.
According to the 2022 annual report of optical library technology, HE ZAIXIN, Chinese name He Xin, Canadian nationality, born in 1957, graduated from Tianjin University in 1989 with a master's degree in optical instruments.
From 1989 to 1995, he was a lecturer at Tianjin University, from 1995 to 1997, he was a visiting scholar in optoelectronics at the University of California, Santa Barbara, from 2000 to 2001, he was an engineer at Lightel, and from 2002 to 2010, he joined Wavesplitter, successively as a senior engineer, marketing project manager, General Manager of China, Technical Director of Zhejiang Tongxing Optoelectronics from 2010 to 2014, Co-founded Zhuhai Jiahua Microjet Technology Co., Ltd. in 2015 and served as Chairman and General Manager. In April 2021, he was appointed as the deputy general manager of the company.
In addition, optical library technology announced on April 19 that some of the company's restricted shares will be lifted from listing, the number of restricted shares released this time is 18,000 shares, accounting for 0.01% of the company's total share capital, the listing and circulation date of the shares released from the restriction is April 23, 2024, and the type of unrestricted shares is equity incentive restricted shares.
According to the data, optical library technology products are widely used in fiber lasers, fiber optic communications and data centers and other core areas in the upstream of the industrial chain.
In terms of performance, in 2023, the total operating income of Optical Library Technology will be 710 million yuan, a year-on-year increase of 10.50%, the net profit attributable to the parent company will be 59.6361 million yuan, a year-on-year decrease of 49.38%, the non-net profit will be 39.4845 million yuan, a year-on-year decrease of 48.17%, the net cash flow generated by operating activities will be 112 million yuan, a year-on-year increase of 79.81%, and the basic earnings per share of optical library technology will be 0.2432 yuan, and the weighted average return on equity will be 3.57% during the reporting period.
According to Optical Library Technology, the main adverse factors in the reporting period are: (1) the macro business environment is complex, macroeconomic fluctuations have an adverse impact on the company's customer demand, supply chain logistics, production and operation, etc., and the European geopolitical conflict continues to affect the company's overseas business; (2) the demand for optical communication market declined during the reporting period; (3) the demand of the industrial laser industry in the reporting period was insufficient, the domestic market competition was fierce, and the price of fiber laser devices decreased year-on-year.
In addition, during the reporting period, the company increased R&D investment in new products and new processes such as thin-film lithium niobate high-speed modulator chips and devices, and lidar light source modules for autonomous vehicles, and the R&D expenses in 2023 increased by 23.9772 million yuan over the same period of the previous year, a year-on-year increase of 23.99%.
As of the close of trading on April 19, optical library technology reported 42.39 yuan / share, down 1.53%, with a total market value of 10.589 billion yuan.
Source: Reading and Entrepreneurship