Core Viewpoint - Company launched two underwater laser radar products, marking a significant advancement in the underwater measurement industry [1] Product Launch - The company introduced the Far View D10 and Far View T1 at the 26th China International Optoelectronic Expo, targeting consumer and professional markets respectively [1] - The Far View D10 is the industry's first consumer-grade underwater blue laser radar, enhancing effective measurement capability to 10 meters, signifying the start of the "10-meter underwater measurement era" [1] - The Far View T1 employs triangulation measurement and higher power blue lasers for longer measurement distances, aimed at the deep-sea economy professional market [1] Market Applications - The Far View T1 is designed for applications in deep-sea unmanned detection AUVs and OOVs, facilitating precise mapping and measurement for geological exploration, marine resource exploration, and rescue operations [1] - Current underwater cleaning robots primarily use ultrasonic technology and infrared laser radar, which have limitations in precision and measurement distance [1] Technological Advantages - The company's blue laser technology is less affected by water absorption, making it suitable for long-distance mapping underwater [1] - The company has developed a high-efficiency, low-power, high-precision underwater blue laser radar, addressing a critical need in the pool cleaning robot industry [1] - The company achieved stable measurement at 10 meters, doubling the current industry standard of 5 meters, thus leading the intelligent development of the pool robot industry [1] Strategic Partnerships - The company signed a mutual cooperation agreement with Shenzhen Huanchuang Technology Co., Ltd., a leading provider of robotic laser radar solutions, to promote the intelligent mass production of pool cleaning robots [1]

Core Viewpoint - The company, Guangfeng Technology, is focusing on underwater laser radar technology to enhance the swimming pool robot industry, aiming for intelligent upgrades and commercial innovation [1][2]. Group 1: Product Development - Guangfeng Technology has launched two underwater laser radar products: the consumer-grade Yuanmou D10 and the professional-grade Yuanmou T1, marking a significant advancement in underwater measurement capabilities [4]. - The Yuanmou D10 is the industry's first consumer-grade underwater blue laser radar, capable of effective measurement up to 10 meters underwater, indicating a new era in underwater measurement technology [4]. - The Yuanmou series utilizes high-power blue laser solutions, which have a lower absorption rate in water compared to common infrared lasers, enhancing signal penetration and anti-interference capabilities [1][2]. Group 2: Market Opportunity - The global swimming pool market is projected to grow from 28.88 million pools in 2021 to 36.92 million by 2026, with a compound annual growth rate of approximately 5% [2]. - The demand for swimming pool cleaning robots is expected to exceed 10 million units by 2026, driven by the need for efficient cleaning solutions as current manual cleaning costs can exceed $100 per session [2]. - The underwater environment presents unique challenges for laser radar technology, creating significant market opportunities as the current products are still in the early stages of development with low sensor configuration rates and limited intelligence [2]. Group 3: Strategic Partnerships - Guangfeng Technology has signed a bilateral cooperation agreement with Huan Chuang Technology, a leading provider of intelligent robotic spatial perception solutions, to jointly promote the intelligent upgrade of the swimming pool robot industry [1][3].

Core Viewpoint - Company launched two underwater laser radar products, marking a significant advancement in the underwater measurement industry [1] Group 1: Product Launch - Company introduced the Far View D10, the industry's first consumer-grade underwater blue laser radar, enhancing effective measurement capability to 10 meters, signifying the start of the "10-meter underwater measurement era" [1] - The Far View T1 utilizes triangulation measurement with higher power blue lasers for longer measurement distances, targeting the deep-sea economy professional market [1] Group 2: Market Applications - Far View T1 can be applied in deep-sea unmanned detection AUVs and OOVs for precise mapping and measurement in geological exploration, marine resource exploration, and rescue operations [1] - Current underwater cleaning robots primarily use ultrasonic technology and infrared laser radar, which have limitations in precision and measurement distance [1] Group 3: Technological Advantages - Company’s blue laser technology is less affected by water absorption, making it suitable for long-distance mapping underwater, addressing the shortcomings of traditional underwater perception solutions [1] - The company has developed a stable measurement module capable of 10 meters, doubling the current industry standard of 5 meters, leading the intelligent development of the pool robot industry [1]

公司代码：688007 证券简称：光峰科技 深圳光峰科技股份有限公司 2025 年第一次临时股东大会 2025 年第一次临时股东大会会议资料目录 | 年第一次临时股东大会会议须知 2025 | 1 | | --- | --- | | 年第一次临时股东大会会议议程 2025 | 3 | | 议案一《关于公司取消监事会暨修订<公司章程>的议案》 5 | | | 议案二《关于制定、修订及废止公司部分治理制度的议案》 6 | | | 议案三《关于公司首次公开发行股票募投项目剩余超募资金永久补充流动资金 | | | 的议案》 8 | | 2025 年第一次临时股东大会会议须知 深圳光峰科技股份有限公司 2025 年第一次临时股东大会会议须知 会议资料 2025 年 9 月 2025 年第一次临时股东大会会议资料 深圳光峰科技股份有限公司 为了维护全体股东的合法权益，确保股东大会的正常秩序和议事效率，保 证大会的顺利进行，深圳光峰科技股份有限公司（以下简称"公司"）特制定本 须知。 一、公司根据《公司法》《证券法》《上市公司股东会规则》以《公司章 程》《股东大会议事规则》等规定，认真做好召开股东大会的各项工作。董事 会以 ...

归属结果暨股份上市的公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 证券代码：688007 证券简称：光峰科技 公告编号：2025-046 深圳光峰科技股份有限公司 关于 2022 年限制性股票激励计划预留授予第二个归属期 本次股票上市类型为股权激励股份；股票认购方式为网下，上市股数为 33,290股。 本次股票上市流通总数为33,290股 本次股票上市流通日期为2025 年 9 月 16 日。 根据中国证券监督管理委员会、上海证券交易所、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"）相关业务规则的规定，公 司已于近日收到中国结算上海分公司出具的《证券变更登记证明》，公司已完成 2022 年限制性股票激励计划预留授予第二个归属期的股份登记工作。现将有关情 况公告如下： 一、公司 2022 年限制性股票激励计划已履行的程序 1、2022 年 4 月 29 日，公司分别召开第二届董事会第十二次会议、第二届监 事会第十一次会议，审议通过《关于公司<2022 年限制性股票激励计划（ ...

Core Viewpoint - The launch of underwater LiDAR products by Guangfeng Technology marks a significant advancement in the underwater robotics market, introducing the first consumer-grade underwater blue laser LiDAR that enhances effective measurement capabilities to 10 meters, thus entering the "10-meter underwater measurement era" [1][4][17] Product Launch - Guangfeng Technology officially announced two underwater LiDAR products, the Yuanmou D10 and Yuanmou T1, targeting both consumer and professional underwater robot markets [1][10] - The Yuanmou D10 is designed for consumer use, featuring a compact size comparable to a business card holder, and complies with CLASS 1 laser safety standards [7][9] - The Yuanmou T1 is aimed at the professional market, utilizing triangulation measurement technology for applications in marine surveying, underwater archaeology, structural inspection, and seabed resource exploration [10][12] Technological Innovation - The underwater LiDAR employs high-power blue laser technology, which significantly reduces absorption in water compared to common infrared lasers, enhancing signal penetration and interference resistance [4][12] - Guangfeng Technology has developed environmental light filtering technology and pulse laser algorithms to maintain stable measurement performance in turbid water conditions, addressing challenges faced by traditional camera solutions [12][17] Market Opportunity - The global pool cleaning robot market is experiencing rapid growth, with the number of pools expected to increase from 28.88 million in 2021 to 36.92 million by 2026, representing a compound annual growth rate of approximately 5% [13] - The penetration rate of pool cleaning robots is rising, with an anticipated demand exceeding 10 million units by 2026, highlighting significant market opportunities [13][16] - Current market challenges include low sensor configuration rates and limited intelligence levels in pool cleaning robots, indicating a need for advanced solutions [16][17] Strategic Partnerships - Guangfeng Technology has signed a bilateral cooperation agreement with Huan Chuang Technology to promote the intelligent upgrade of pool cleaning robots and accelerate the commercialization of innovative technologies [3]

Core Viewpoint - Guangfeng Technology's stock rose by 5.03% on September 10, reaching a price of 21.70 CNY per share, with a trading volume of 268 million CNY and a turnover rate of 2.74%, resulting in a total market capitalization of 9.967 billion CNY [1] Company Overview - Guangfeng Technology Co., Ltd. is located in Nanshan District, Shenzhen, Guangdong Province, and was established on October 24, 2006. The company went public on July 22, 2019. Its main business involves the research, development, production, sales, and leasing of core components and complete products for laser display [1] - The revenue composition of Guangfeng Technology is as follows: 92.60% from core components and complete products, and 7.40% from other products and services [1] Fund Holdings - According to data from the top ten heavy stocks of funds, one fund under Wanjia Fund holds Guangfeng Technology. The Wanjia Technology Quantitative Stock Mixed Initiation A (020975) held 29,300 shares in the second quarter, accounting for 1.96% of the fund's net value, ranking as the ninth largest heavy stock [2] - The Wanjia Technology Quantitative Stock Mixed Initiation A (020975) was established on September 24, 2024, with a latest scale of 19.3044 million CNY. Year-to-date returns are 26.16%, ranking 2709 out of 8177 in its category, and since inception, the return is 30.76% [2] Fund Manager Information - The fund manager of Wanjia Technology Quantitative Stock Mixed Initiation A (020975) is Yin Hang. As of the report date, Yin Hang has a cumulative tenure of 5 years and 53 days, with total fund assets of 468 million CNY. The best fund return during the tenure is 52.94%, while the worst return is -9.62% [3]

Investment Rating - The investment rating for the company is "Buy" and it is maintained [8] Core Views - The company is undergoing a critical business transformation period, facing temporary operational pressure. In the first half of 2025, the company achieved revenue of 961 million yuan, a year-on-year decline of 11.09%, and a net profit attributable to shareholders of -131 million yuan, with a non-recurring net profit of -46 million yuan. In the second quarter of 2025 alone, revenue was 500 million yuan, down 21.41% year-on-year, with a net profit of -110 million yuan and a non-recurring net profit of -22 million yuan [2][5] Summary by Sections Business Performance - In the first half of 2025, the company's revenue decreased by 11.09% year-on-year, while the second quarter saw a more significant decline of 21.41%. The company is focusing on solidifying its high-margin cinema and specialized display businesses while adjusting its market strategy for the automotive sector to avoid ineffective competition [12] Revenue Breakdown - The cinema business showed stable growth, generating 288 million yuan in revenue, a year-on-year increase of 7.48%. The company has installed 41 LED screens, leading the market in new screen installations [12] R&D and Innovation - The company is increasing its investment in R&D, with a gross margin of 26.91% in the first half of 2025, down 3.39 percentage points year-on-year. The company has filed 41 new patents in AR and AI fields, totaling 266 patents, and 60 new patents in automotive optical technology, totaling 291 patents [12] Future Outlook - The laser display industry is expected to maintain a good growth trend, and the smart cockpit market has promising prospects. The company is expected to continue reducing losses in its consumer business and has secured high-quality contracts with several automotive manufacturers, indicating a potential for rapid expansion [12]

Core Viewpoint - The financial performance of Guangfeng Technology (688007.SH) in the first half of 2025 shows a significant decline in revenue and net profit compared to the same period last year, indicating potential challenges for the company moving forward [1][3]. Financial Performance Summary - In the first half of 2025, the company achieved operating revenue of 961.49 million yuan, a decrease of 11.09% year-on-year [1][3]. - The net profit attributable to shareholders was -130.94 million yuan, compared to a profit of 10.91 million yuan in the same period last year, marking a decline of 1,300.25% [1][3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -46.18 million yuan, down 442.61% from 13.48 million yuan in the previous year [1][3]. - The net cash flow from operating activities was 94.22 million yuan, a significant improvement from -79.15 million yuan in the same period last year [1][3]. Historical Financial Data - In 2024, the company reported operating revenue of 2.42 billion yuan, an increase of 9.27% year-on-year, but the net profit attributable to shareholders fell by 72.91% to 27.95 million yuan [4]. - The net profit after deducting non-recurring gains and losses in 2024 was 32.13 million yuan, down 22.88% from the previous year [4]. - The net cash flow from operating activities in 2024 was 87.22 million yuan, a decrease of 76.04% compared to 364.08 million yuan in 2023 [4]. IPO and Fundraising Information - Guangfeng Technology was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on July 22, 2019, with an initial public offering of 68 million shares at a price of 17.50 yuan per share [7]. - The total amount raised from the IPO was 119 million yuan, with a net amount of 106.25 million yuan after expenses [7]. - The funds raised were intended for the development and industrialization of next-generation laser display products, the establishment of a research and development center, and upgrading information systems [7].

Core Viewpoint - The rapid development of the robotics business is driving new growth opportunities for lidar technology, particularly in underwater scenarios, with significant innovations expected from Guangfeng Technology's upcoming underwater lidar product launch at the 26th China International Optoelectronic Exposition [1][4]. Industry Summary - The application of lidar in the robotics sector has seen explosive growth, with major manufacturers reporting substantial increases in product sales. For instance, SUTENG's latest financial report indicates that its robot product sales reached 34,400 units in Q2 2025, a year-on-year increase of 631.9% and a quarter-on-quarter increase of 189.1%. Similarly, Hesai Technology reported a delivery volume of 48,500 units in the robotics field, marking a year-on-year growth of 743.6% and projecting over 200,000 lidar shipments in 2025 [1][3]. Market Potential - The primary orders for lidar in the robotics field currently stem from lawn mowing robots, benefiting from the adaptation of automotive lidar technology. However, there is a notable growth in pool cleaning robots, with the global number of pools expected to rise from 28.88 million in 2021 to 36.92 million by 2026, reflecting a compound annual growth rate of approximately 5%. The demand for pool cleaning robots is projected to reach around 10.34 million units by 2026, with a penetration rate of 28% [3]. Technical Challenges - The underwater application of lidar faces several technical challenges, including significant attenuation of infrared lasers in water, with 905nm infrared light losing over 60% of its energy after traveling just 1 meter in clear water. Additionally, the effective measurement range is limited to under 5 meters due to the absorption and scattering of light in water, compounded by environmental light interference and water turbidity issues that complicate signal processing [3]. Company Innovation - Guangfeng Technology's upcoming underwater lidar product is highly anticipated to address these underwater perception challenges, providing more accurate and reliable sensing solutions for underwater robots like pool cleaning devices. This innovation is expected to unlock a billion-level incremental market space [4].