Core Viewpoint - The article discusses the performance forecasts for the first half of 2025 from several companies in the display and electronics industry, highlighting both growth and challenges faced by these companies. Group 1: Visono - Visono expects revenue between 4 billion to 4.2 billion yuan, a year-on-year increase of 1.70% to 6.78% [1] - The net profit attributable to shareholders is forecasted to be a loss of 1 billion to 1.176 billion yuan, with a loss of 1.085 billion to 1.261 billion yuan after excluding non-recurring gains and losses [2] - The performance improvement is attributed to the recovery in the downstream consumer electronics sector and the increasing penetration of AMOLED in smartphones and wearables [2][3] Group 2: Tianma - Tianma anticipates a net profit of 190 million to 220 million yuan, marking a turnaround from a loss of 489.39 million yuan in the previous year, with a year-on-year growth of 138.82% to 144.95% [4][5] - The company expects a revenue growth of approximately 10% year-on-year, with non-consumer display business revenue exceeding 50% of total revenue, growing over 25% [5][6] - The profitability of the consumer display business has significantly improved due to operational efficiency and technological innovations [6] Group 3: Konka - Konka forecasts a net loss of 360 million to 500 million yuan, with a loss of 950 million to 1.1 billion yuan after excluding non-recurring items [7][8] - The company faces intensified competition in the consumer electronics sector and challenges in aligning product offerings with national subsidy policies [9] Group 4: Wog Optical - Wog Optical expects revenue between 1.15 billion to 1.32 billion yuan, a year-on-year increase of 10.36% to 26.68%, but anticipates a net loss of 65 million to 45 million yuan [10] - The company is advancing projects in new display technologies and has achieved mass production of glass-based circuit boards [10][11] Group 5: Singshan - Singshan forecasts a net profit of 160 million to 240 million yuan, a significant increase of 810.41% to 1265.61% year-on-year [12] - The growth is driven by the performance of the anode materials and polarizer businesses, supported by increased demand and product optimization [13] Group 6: Landai Technology - Landai Technology expects a net profit of 93 million to 115 million yuan, representing a year-on-year growth of 37.54% to 70.08% [14] - The company is benefiting from a recovery in the touch display industry and has improved product margins through strategic customer expansion [16] Group 7: Xiangteng New Materials - Xiangteng anticipates a net loss of 9.5 million to 13 million yuan, a decline from a profit in the previous year [17][18] - The losses are attributed to increased competition and rising costs associated with the trial production phase of its optical film devices [18]

Core Viewpoint - Woge Optoelectronics expects a revenue increase of 10.36% to 26.68% year-on-year for the first half of 2025, despite forecasting a net loss due to increased R&D expenses [1][2] Group 1: Financial Performance - The company anticipates revenue between 1.15 billion to 1.32 billion yuan for the first half of 2025 [1] - The projected net loss attributable to shareholders is between 65 million to 45 million yuan, with a non-recurring net loss estimated between 75 million to 53 million yuan [1] Group 2: Business Development - Woge Optoelectronics reports steady growth in its main business, particularly in the glass-based circuit board sector, achieving significant breakthroughs [1] - The company’s subsidiary, Jiangxi Dehong Display Technology Co., has successfully mass-produced glass-based circuit boards for 2304-zone Mini LED backlight displays [1] - Another subsidiary, Hubei Tongge Microcircuit Technology Co., has generated approximately 8 million yuan in revenue from glass-based TGV circuit board products during the reporting period [1] Group 3: R&D and Future Outlook - The losses are primarily attributed to increased R&D investments and rising management costs [1] - The company is focusing on the application verification of glass-based circuit boards in emerging fields such as Mini/Micro LED displays, 5G-A/6G communications, optical modules, and advanced semiconductor packaging [1] - Woge Optoelectronics is collaborating with leading domestic and international companies to position itself for next-generation product applications [2] - The company aims to capitalize on trends in display technology towards high-definition, large-size, and ultra-thin formats, as well as the rapid development of high-frequency communication and AI computing [2]

Core Viewpoint - The company, Jiangxi Woge Optoelectronics Group Co., Ltd., anticipates a significant increase in revenue for the first half of 2025, despite projecting a net loss due to high R&D expenses and management costs [2][3][8]. Financial Performance Summary - The company expects to achieve operating revenue between 1,150 million yuan and 1,320 million yuan for the first half of 2025, representing a year-on-year increase of 10.36% to 26.68% [2][3]. - The projected net loss attributable to the parent company for the same period is estimated to be between 65 million yuan and 45 million yuan [2][3]. - The net profit attributable to the parent company, after deducting non-recurring gains and losses, is expected to be between 75 million yuan and 53 million yuan [2][3]. Previous Year Comparison - In the same period last year, the company reported a total profit of -10.74 million yuan, with a net loss attributable to the parent company of -30.42 million yuan [5]. - The net profit after deducting non-recurring gains and losses for the previous year was -44.20 million yuan [5]. Reasons for Expected Loss - The company has focused on market opportunities and enhanced its core capabilities, leading to a steady increase in revenue [8]. - The company is advancing projects related to glass-based circuit boards in various high-tech fields, including Mini/Micro LED displays and 5G communications, which have begun to yield commercial production [8]. - Increased R&D investments and management costs have contributed to the projected losses, despite the growth in revenue [9].

Jiangxi Vogler Optoelectronic Group Co., Ltd. 2025 Semi-Annual Performance Forecast [Core Performance Forecast Data](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast) The company anticipates a year-on-year revenue increase of 10.36% to 26.68% for the first half of 2025, alongside an expected net loss attributable to the parent company ranging from 45 million to 65 million yuan 2025 H1 Performance Forecast | Indicator | 2025 H1 Forecast (yuan) | 2024 H1 (yuan) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 1.15 billion - 1.32 billion | 1.042 billion | +10.36% to +26.68% | | Net Profit Attributable to Parent Company | -65 million to -45 million | -30.4197 million | Loss Widening | | Net Profit Attributable to Parent Company (Excluding Non-recurring Items) | -75 million to -53 million | -44.1958 million | Loss Widening | [Analysis of Performance Changes](index=2&type=section&id=III.%20Primary%20Reasons%20for%20Current%20Period's%20Anticipated%20Loss) Despite robust revenue growth, the net loss is primarily driven by substantial R&D investments in advanced technologies and increased management expenses from team expansion [Revenue Growth and Business Progress](index=2&type=section&id=Revenue%20Growth%20and%20Business%20Progress) The company achieved significant revenue growth by strengthening core capabilities and securing orders, with glass-based circuit boards for Mini LED displays reaching mass production and TGV products generating initial revenue - The company expects operating revenue to grow by **10.36% to 26.68%** year-on-year during the reporting period[6](index=6&type=chunk) - Jiangxi Dehong, a wholly-owned subsidiary, has officially achieved mass production and commercial application of its glass-based circuit boards and display modules in 2304-zone Mini LED backlight display products[6](index=6&type=chunk) - Hubei Tonggewei, a wholly-owned subsidiary, generated approximately **8 million yuan** in revenue from sample verification with clients for its glass-based TGV circuit board products during the reporting period[6](index=6&type=chunk) [Increased Costs and Future Outlook](index=2&type=section&id=Increased%20Costs%20and%20Future%20Outlook) Net loss is attributed to high R&D investments in advanced technologies and increased management expenses due to talent acquisition, while the company remains optimistic about the long-term market for glass-based circuit boards - The company continues to invest heavily in R&D for next-generation applications of glass-based circuit boards in 5G-A, 6G communication, CPO co-packaging, and Chiplet advanced packaging, leading to high R&D expenses[7](index=7&type=chunk) - Efforts to improve the core operational management team and attract talent have led to increased management expenses, impacting current period profit and loss[7](index=7&type=chunk) - The company believes that with the development of high-frequency communication and AI computing industries, the market for glass-based circuit boards as a new material will continue to expand, and the company will seize industrial opportunities to accelerate industrialization[7](index=7&type=chunk) [Risk Warning and Other Disclosures](index=2&type=section&id=IV.%20Risk%20Warning) The company cautions that this performance forecast is based on preliminary, unaudited data, and final accurate financial figures will be presented in the officially disclosed 2025 semi-annual report - The data in this performance forecast has not been audited by a certified public accountant; it is a preliminary calculation based on the company's finance department's professional judgment[4](index=4&type=chunk)[9](index=9&type=chunk) - The final accurate financial data will be subject to the company's officially disclosed 2025 semi-annual report; investors are advised to be aware of investment risks[10](index=10&type=chunk)

沃格光电（603773）公告，预计2025年上半年实现营业收入11.5亿元到13.2亿元，同比增长10.36%到 26.68%。预计2025年上半年度实现归属于母公司所有者的净利润为-6500万元到-4500万元，将出现亏 损。预计2025年上半年度实现归属于母公司所有者的扣除非经常性损益后的净利润为-7500万元到-5300 万元。 ...

Core Viewpoint - The company, Jiangxi Woge Optoelectronics Group Co., Ltd., has announced a cash dividend distribution plan, with a cash dividend of RMB 0.05 per share for its A-shares, approved at the 2024 annual shareholders' meeting on May 23, 2025 [1][2]. Dividend Distribution Details - The total number of shares eligible for the cash dividend distribution is 221,632,233 shares, after deducting 1,858,000 shares held in the company's repurchase account from the total share capital of 223,490,233 shares [2][3]. - The total cash dividend to be distributed amounts to RMB 11,081,611.65 (including tax) [2]. - The cash dividend distribution will occur on July 16, 2025, with the record date set for July 15, 2025 [1][3]. Taxation on Dividends - For individual shareholders holding unrestricted circulating shares, the tax treatment varies based on the holding period: - Holding period within 1 month: 20% tax on the full dividend amount - Holding period between 1 month and 1 year: 10% tax on 50% of the dividend - Holding period over 1 year: No tax [5][6]. - The actual cash dividend received by shareholders after tax will be RMB 0.045 per share for those with a holding period of less than 1 month and RMB 0.05 for other institutional investors [5][6]. Implementation of Dividend Distribution - The cash dividends will be distributed through the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, to shareholders registered as of the record date [3][4]. - Shareholders who have not completed designated transactions will have their dividends held by the clearing company until the transactions are completed [4].

Core Viewpoint - The legal opinion letter from Guohao Law Firm confirms the legality and compliance of Jiangxi Woge Optoelectronics Group Co., Ltd.'s differentiated dividend distribution plan for the year 2024, ensuring it does not harm the interests of the company and its shareholders [2][8]. Group 1: Differentiated Dividend Distribution - The differentiated dividend distribution is based on the company's decision to repurchase shares using self-owned or self-raised funds, with a minimum repurchase price of RMB 35 per share [3][5]. - As of April 7, 2025, the company repurchased a total of 1,179,900 shares, accounting for 0.53% of the total share capital, with a total payment of RMB 30.0054 million [4]. - The company plans to distribute a cash dividend of RMB 0.5 per 10 shares to all shareholders, excluding the repurchased shares, resulting in a total of 222,297,333 shares eligible for the dividend [6]. Group 2: Financial Calculations and Impacts - The total undistributed profits as of December 31, 2024, amount to RMB 152,876,045.97, and the actual number of shares participating in the distribution is 221,632,233 [6]. - The closing price of the company's stock on June 19, 2025, was RMB 21.28 per share, and the calculated ex-dividend reference price is RMB 21.23 per share, indicating a minimal impact on the stock price [7][8]. - The absolute impact of the differentiated dividend distribution on the ex-dividend reference price is less than 1%, suggesting a negligible effect [8].

证券代码：603773 证券简称：沃格光电 公告编号：2025-052 江西沃格光电集团股份有限公司 2024年年度权益分派实施公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 每股分配比例 A 股每股现金红利0.05元 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/7/15 | － | 2025/7/16 | 2025/7/16 | 2. 分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 根据《上海证券交易所上市公司自律监管指引第 7 号——回购股份》等相关 法律、法规及规范性文件的规定，上市公司回购的股份不享有股东大会表决权、 利润分配、公积金转增股本、认购新股等权利。因此，公司回购专用证券账户中 的股份不参与公司本次利润分配。 3. 差异化分红送转方案： （1 ...

国浩律师（上海）事务所 法律意见书 1、本所律师已严格履行法定职责，遵循了勤勉尽责和诚实信用原则，对与 出具本法律意见书有关的所有文件资料及证言进行了审查判断，对公司本次差异 化分红合法、合规、真实、有效进行了充分的核查验证，保证本法律意见书不存 在虚假记载、误导性陈述及重大遗漏。 2、公司及相关方已保证：其已经向本所律师提供了为出具本法律意见书所 必需的真实、完整、有效的原始书面材料、副本材料或者口头证言，并且有关书 面材料及证言均是真实有效的，无任何重大遗漏及误导性陈述，其所提供的复印 件与原件具有一致性。 国浩律师（上海）事务所 关于江西沃格光电集团股份有限公司 差异化分红事项之专项法律意见书 致：江西沃格光电集团股份有限公司 根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国 证券法》（以下简称"《证券法》"）、《上海证券交易所上市公司自律监管指引第７ 号——回购股份》（以下简称"《自律监管指引第 7 号》"）、《上海证券交易所股票 上市规则》（以下简称"《上市规则》"）、《上海证券交易所交易规则》（以下简称 "《交易规则》"）以及《江西沃格光电集团股份有限公司章程》（以下简称" ...

Industry Overview - The film and television recording equipment industry has undergone significant transformation, evolving from traditional devices to high-definition Blu-ray players, smart TV boxes, and online streaming devices to meet diverse consumer demands for high-quality audio-visual experiences [1][13] - The market size of China's film and television recording equipment is projected to grow from 337.635 billion yuan in 2015 to 616.448 billion yuan in 2024, with a compound annual growth rate (CAGR) of 6.92% [1][13] - Future developments in the industry are expected to focus on higher resolution, better sound quality, smarter features, and more convenient usage, alongside innovations driven by virtual reality (VR) and augmented reality (AR) technologies [1][13] Industry Policies - The Chinese government has implemented various supportive policies to foster the development of the film and television equipment industry, including financial support for new production bases and technology upgrades [6][8] - Specific measures include a one-time subsidy of up to 20 million yuan for new film production bases and 10 million yuan for technology trials and applications [6][8] Industry Chain - The industry chain consists of upstream raw materials and components supply, midstream production and manufacturing, and downstream applications in film, photography, home entertainment, education, security monitoring, and live streaming [9] Key Enterprises - Major companies in the Chinese film and television recording equipment sector include Woge Optoelectronics, Chunzong Technology, Jiulian Technology, and others, with a focus on niche markets and technological innovation [2][17] - The competitive landscape is characterized by a mix of foreign dominance in high-end markets and the rise of domestic players, with ongoing efforts to close the technology gap [14][17] Development Trends - The industry is moving towards high-performance and intelligent equipment, with innovations in imaging capture and processing capabilities, such as 8K ultra-high definition and AI-enhanced image quality [23] - Emerging application scenarios, including short video creation and live streaming, are driving demand for lightweight and highly mobile equipment [24] - User experience is becoming a core selling point, with simplified interfaces and natural interaction methods like voice control gaining traction [25]