证券日报网讯 1月14日，沃格光电在互动平台回答投资者提问时表示，公司持续关注全球商业航天领域 的发展机遇。公司在CPI膜材领域拥有深厚的技术储备，相关技术为自主研发，具备自主知识产权，公 司已形成CPI浆料-制膜-镀膜的全产业链生产能力，技术水平处于行业领先地位，公司配合头部商业航 天客户提供的CPI膜材及防护镀膜产品，已实现在轨应用。后续公司将持续拓展商业航天领域的国内外 合作。 （文章来源：证券日报） ...

Core Viewpoint - The company has established a fully integrated self-sufficient capability in the "CPI slurry - film production - special coating" industry chain, making it one of the few companies in China with this capability [1] Group 1 - The company's aerospace-grade CPI products have been successfully applied in the field of satellite flexible solar wings and are currently operational in orbit [1] - The company is actively exploring potential applications in other fields, such as consumer electronics [1]

Core Viewpoint - The company has successfully developed CPI film materials combined with special protective coatings, which have been applied in the on-orbit operation of flexible solar wings for leading commercial aerospace clients [1] Group 1: Product Development - The company is actively exploring the application possibilities of CPI in flexible displays within the consumer electronics sector [1] - Future expansion of CPI product applications will be based on industry demand and technological maturity [1]

Core Viewpoint - The company is focusing on the production of glass circuit boards (GCP) and glass-based packaging substrates for various advanced technology applications, including Mini/MicroLED displays and 5G-A/6G RF antennas [1] Group 1: Product Focus - The company's GCP and glass-based packaging products are primarily targeted at Mini/MicroLED displays, 5G-A/6G RF antennas, optical modules/CPO, and advanced packaging for high-performance chips [1] - The microfluidic biochip products are set to enter mass production and shipment soon [1]

Core Viewpoint - The company, Woge Optoelectronics, is expanding the application of its CPI products beyond commercial aerospace to advanced packaging, enhancing stress adaptation and reliability [1] Group 1: Product Applications - The CPI products are being utilized in commercial aerospace and advanced packaging fields [1] - The company aims to improve chip stability under high loads by designing efficient heat dissipation solutions with CPI [1] - Future plans include expanding the material's applications based on market demand [1]

Core Viewpoint - The company is leading the establishment of the China Glass Circuit Board Industry Alliance to promote continuous innovation in GCP technology and enhance collaboration across the industry chain, aiming for higher performance, lower costs, and improved yield in large-scale applications [1] Group 1: MiniLED and MicroLED Developments - In the MiniLED product sector, the company has achieved mass production and shipment of glass-based MiniLED backlight display products and is collaborating with leading TV brand clients to develop and mass-produce glass-based MiniLED television products [1] - In the MicroLED field, the company is working with several domestic and overseas clients on product research and development, with glass-based optical module CPO products recently completing batch sample deliveries [1] Group 2: Strategic Collaborations and Innovations - The company is engaging in strategic collaborations in the advanced packaging of computing chips and is continuously advancing the iteration and upgrade of glass stacking technology [1] - The microfluidic biochip products are set to enter the mass production and shipment phase soon [1]

Core Viewpoint - The company has successfully developed glass optical devices that are now being applied in semiconductor etching equipment and lithography machines, with ongoing collaborations showing positive progress [1] Group 1: Product Development and Application - The company's self-developed glass optical devices have been utilized in various fields, including semiconductor etching equipment and lithography machines [1] - Some projects have entered the small batch delivery stage, indicating a transition from development to initial market application [1] Group 2: Revenue Generation and Market Expansion - The related products have started to generate a small amount of revenue, suggesting early commercial success [1] - As the market application of terminal equipment expands, there is potential for increased delivery quantities and revenue scale for these products [1]

（文章来源：证券日报） 证券日报网讯 1月14日，沃格光电在互动平台回答投资者提问时表示，在商业航天领域，公司自主研发 的CPI膜材及太空防护镀膜产品，已实现柔性太阳翼基材的在轨应用。公司已与多家国内外企业保持业 务对接与合作洽谈，整体进展顺利。其中，部分项目已进入产品送样测试及客户验证阶段。关于具体的 对接家数及客户名单，公司不便披露详细细节。后续公司将持续拓展商业航天领域的国内外合作，相关 进展请以公司公告为准。 ...

Core Viewpoint - The company is focusing on the application of glass-based TGV technology in the semiconductor packaging sector, with initial products already in small-scale sampling [2] Group 1: Company Developments - The company's wholly-owned subsidiary, Hubei Tongge Micro, is dedicated to the development of glass-based TGV technology [2] - The 1.6T optical module glass-based substrate products have completed small batch sampling, contributing a minor portion to the overall revenue [2] - The company is actively collaborating with industry-leading enterprises to explore and develop glass-based packaging solutions that meet higher computational transmission demands [2]

Core Viewpoint - The company, Woge Optoelectronics, is projected to achieve an annual revenue of 2.4 billion to 2.7 billion yuan in 2025, reflecting a year-on-year growth of 8.07% to 21.58%, showcasing strong growth resilience with a compound annual growth rate exceeding 30% since 2019 [1][7]. Group 1: Traditional Business Performance - The traditional business of glass processing and optical device manufacturing is expected to maintain stable revenue and profit growth in 2025, supported by technical advantages and stable customer relationships [3]. - This business segment focuses on high-end display precision processing, providing solid performance support and cash flow for the company [3]. - The robust performance of the traditional business enhances the company's market competitiveness and supports R&D investments for new business lines [3]. Group 2: New Business Developments - 2025 is anticipated to be a breakthrough year for Woge Optoelectronics' new business, with significant advancements in multiple strategic areas [4]. - The Chengdu Woge 8.6-generation AMOLED glass processing project is progressing well, expected to achieve mass production in 2026 with a monthly capacity of 24,000 pieces [4]. - The company has become the sole supplier for BOE's 8.6-generation AMOLED panel production line, which will enhance its competitive position in the large-size AMOLED market [4]. Group 3: Semiconductor and Advanced Materials - The TGV glass substrate business in the semiconductor sector is a core demonstration of the company's technical strength, with small-scale supply completed in 2025 and high market recognition [5]. - The company is positioned to benefit from the rapid growth of the global semiconductor glass substrate market, with expectations for explosive growth in 2026 as the industry enters a mass production phase [5]. - In the commercial aerospace sector, the company has successfully provided CPI films for satellite applications, showcasing its technological capabilities and expanding its business boundaries [6]. Group 4: Financial Outlook - The company anticipates a net loss of 100 million to 140 million yuan in 2025 due to increased R&D investments and production line construction costs [6]. - Despite short-term losses, the long-term development logic remains intact, supported by continuous technological accumulation and capacity layout [6]. - The company has established a diversified business matrix covering traditional glass processing, new display technologies, semiconductor materials, and aerospace materials, aligning with trends in consumer electronics and advanced technology sectors [6][7].