深圳光峰科技股份有限公司 公 司 章 程 二零二五年十月 | 第一章 | 总则 | 1 | | --- | --- | --- | | 第二章 | 经营宗旨和经营范围 | 2 | | 第三章 | 股份 | 2 | | 第四章 | 股东和股东会 | 6 | | 第五章 | 董事和董事会 | 24 | | 第六章 | 高级管理人员 | 37 | | 第七章 | 财务会计制度、利润分配和审计 | 39 | | 第八章 | 通知和公告 | 44 | | 第九章 | 合并、分立、增资、减资、解散和清算 44 | | | 第十章 | 利益相关者、环境保护与社会责任 | 48 | | 第十一章 | 争端解决机制 | 48 | | 第十二章 | 修改章程 | 48 | | 第十三章 | 附则 | 49 | 第一章 总则 第一条 为维护深圳光峰科技股份有限公司（以下简称"公司"）、股东、职工和 债权人的合法权益，规范公司的组织和行为，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》"）、《上市公 司章程指引》、《上海证券交易所科创板股票上市规则》（以下简称"《上市规则》" ...

Core Insights - Company reported Q3 2025 revenue of 392 million yuan, with a total revenue of 1.353 billion yuan for the first three quarters, and a net cash flow from operating activities increased by 109.19% year-on-year to 150 million yuan [1] - The company is focusing on independent research and development of core components and advancing strategic implementation and business transformation, entering a critical phase of business transition [1] - The company has made significant breakthroughs in upstream core components, integrating fundamental design with end applications, driving the intelligent use of laser technology in emerging scenarios like AR glasses and robots [1] Product Development - The company launched flagship AR optical machines, Dragonfly G1 and Rainbow C1, at the 26th China International Optoelectronic Expo, introducing an innovative "LCoS + PVG waveguide" optical solution for AR glasses [2] - This new solution is expected to significantly reduce the retail price of AR glasses to the range of 1,500 to 2,000 yuan, potentially reshaping the current pricing structure and supporting the industry's goal of mass production [1][2] Market Expansion - The company is enhancing its design, customization, and mass production capabilities for upstream core components, actively engaging with domestic and international AR glasses brands [2] - The company introduced visible light underwater laser radar products targeting both consumer and professional markets, with the YUANMOU D1 being the first consumer-grade underwater blue laser radar, achieving effective measurement capabilities up to 10 meters [2] - The company is participating in industry exhibitions to promote technology and industry exchanges, aiming to accelerate the development of underwater laser radar solutions [2] Growth Potential - With the stabilization of the market and the emergence of hotspots in AR and underwater robotics, the company is poised for a new cycle of high-quality growth driven by breakthroughs in upstream core components and ongoing product launches [2]

Core Insights - The company reported a revenue of 392 million yuan for Q3 2025, with a total revenue of 1.353 billion yuan for the first three quarters, and a net cash flow from operating activities increased by 109.19% year-on-year to 150 million yuan [1] - The company is focusing on independent research and development of core components and is in a critical business transformation phase [1] - The company has made significant breakthroughs in upstream core components, integrating fundamental design with terminal applications, particularly in the use of laser technology for AR glasses and robotics [1] Product Development - The company launched two flagship AR optical machines, the Dragonfly G1 and Rainbow C1, and introduced an innovative "LCoS + PVG waveguide" optical solution for AR glasses, which is expected to reduce the retail price of AR glasses to the range of 1500-2000 yuan [1] - The company is enhancing its upstream core component design, customization, and mass production capabilities, actively engaging with domestic and international AR glasses brands [2] - The company has also introduced visible light underwater laser radar products, including the Yuanmou D1, which enhances the effective ranging capability of consumer underwater robots to 10 meters, marking a significant advancement in the industry [2] Market Positioning - The company is participating in key industry exhibitions to promote its underwater laser radar technology and is entering the complete machine development phase with major brand manufacturers [2] - The company is well-positioned to capitalize on the stable market and the emerging fields of AR and underwater robotics, aiming for a new cycle of high-quality growth as market demands continue to rise [2]

Financial Performance - The company's revenue for Q3 2025 was approximately ¥391.74 million, representing a year-over-year decline of 38.62%[4] - The total profit for the period was a loss of approximately ¥5.96 million, a decrease of 118.17% compared to the previous year[4] - The net profit attributable to shareholders was a loss of approximately ¥4.64 million, down 114.48% year-over-year[4] - Total operating revenue for the first three quarters of 2025 was CNY 1,353,229,603.25, a decrease of 21.3% compared to CNY 1,719,599,203.83 in the same period of 2024[23] - The net loss for the first three quarters of 2025 was CNY 144,513,784.05, compared to a net profit of CNY 23,897,962.51 in the same period of 2024[24] - The company's operating profit for the first three quarters of 2025 was a loss of CNY 54,613,848.24, contrasting with a profit of CNY 39,793,514.97 in 2024[23] - The company reported a total comprehensive loss of CNY 141,389,909.62 for the first three quarters of 2025, compared to a comprehensive income of CNY 26,819,790.79 in 2024[24] Research and Development - Research and development expenses totaled approximately ¥55.89 million, accounting for 14.27% of revenue, an increase of 4.8 percentage points from the previous year[4] - Research and development expenses increased to CNY 180,691,624.27 in 2025 from CNY 172,023,725.41 in 2024, indicating a rise of 5.7%[23] - The company launched two AR glasses optical engines and two visible light underwater LiDAR products at the 26th China International Optoelectronic Expo, receiving significant industry attention[10] - The "Dragonfly G1" AR optical engine features an industry-first "one-to-two" design, while the "Rainbow C1" supports both monocular and binocular AR display solutions[11] - The "Distant View D10" is the industry's first consumer-grade visible light underwater LiDAR, enhancing underwater measurement capabilities to 10 meters[11] Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥3.84 billion, a decrease of 9.66% from the previous year[5] - The total liabilities decreased to CNY 1,372,684,893.23 in 2025 from CNY 1,585,782,677.96 in 2024, a reduction of 13.4%[20] - The total assets decreased to CNY 3,844,641,534.07 in 2025 from CNY 4,255,663,351.00 in 2024, reflecting a decline of 9.7%[20] - The company's equity attributable to shareholders decreased to CNY 2,575,643,704.87 in 2025 from CNY 2,740,047,895.12 in 2024, a decrease of 6.0%[20] Shareholder Information - Total number of common shareholders at the end of the reporting period is 16,205[13] - The largest shareholder, Shenzhen Guangfeng Holdings Co., Ltd., holds 79,762,679 shares, accounting for 17.37% of total shares[13] - The company has a total of 79,762,679 unrestricted circulating shares held by the largest shareholder[14] - The company has not reported any significant changes in shareholder relationships or actions during the reporting period[14] Cash Flow - The net cash flow from operating activities was not applicable for the current period, but was approximately ¥149.62 million for the previous year[4] - Cash inflow from operating activities for the first three quarters of 2025 was approximately $1.74 billion, compared to $1.85 billion in the same period of 2024, reflecting a decrease of about 6.06%[28] - Net cash flow from operating activities increased to approximately $149.62 million in 2025 from $71.52 million in 2024, representing an increase of about 109.06%[28] - Cash inflow from investment activities totaled approximately $1.70 billion in 2025, up from $1.22 billion in 2024, marking an increase of about 39.2%[29] - Net cash flow from investment activities was negative at approximately -$507.86 million in 2025, compared to -$161.39 million in 2024, indicating a worsening of investment cash flow[29] - Cash inflow from financing activities was approximately $203.52 million in 2025, compared to $141.34 million in 2024, an increase of about 43.93%[29] - Net cash flow from financing activities was negative at approximately -$44.58 million in 2025, improving from -$261.97 million in 2024[29] - The ending cash and cash equivalents balance for 2025 was approximately $921.27 million, slightly down from $942.80 million in 2024[29] - The company received approximately $1.68 billion from investment recoveries in 2025, compared to $1.19 billion in 2024, reflecting a significant increase[29] - The company reported a cash outflow of approximately $2.21 billion from investment activities in 2025, compared to $1.38 billion in 2024, indicating increased investment expenditures[29] - The company experienced a negative impact of approximately -$2.44 million from exchange rate fluctuations on cash and cash equivalents in 2025[29] Financial Statements - The financial statements are unaudited as of September 30, 2025[15] - The weighted average return on net assets was -0.18%, a decrease of 1.34 percentage points compared to the previous year[4] - Total current assets amount to RMB 2,481,213,643.59, a decrease from RMB 2,955,806,569.15 in the previous period[18] - Cash and cash equivalents are reported at RMB 1,175,282,364.36, down from RMB 1,654,769,306.21[18] - Inventory stands at RMB 458,673,379.94, compared to RMB 595,519,245.19 previously[18] - Long-term equity investments are valued at RMB 6,700,103.46, slightly up from RMB 6,242,039.74[18] - Fixed assets have increased to RMB 641,146,997.14 from RMB 272,101,764.36[18]

关于变更注册资本暨修订《公司章程》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。 深圳光峰科技股份有限公司（以下简称"公司"）于 2025 年 10 月 29 日召 开第三届董事会第十次会议，审议通过《关于变更注册资本暨修订<公司章程> 的议案》。鉴于公司分别于 2021 年 10 月 25 日、2022 年 5 月 25 日召开 2021 年第四次临时股东大会、2021 年年度股东大会，分别审议通过《关于提请股东 大会授权董事会办理 2021 年第二期限制性股票激励计划相关事宜的议案》《关 于提请股东大会授权董事会办理 2022 年限制性股票激励计划相关事宜的议案》， 授权公司董事会负责办理公司 2021 年第二期限制性股票激励计划、2022 年限 制性股票激励计划相关事宜，包括修订《公司章程》、办理公司注册资本的变 更登记等事宜，故此次变更注册资本暨修订《公司章程》事项无需再次提交公 司股东大会审议。 现将有关情况具体公告如下： 一、公司变更注册资本情况 1、公司于 2025 年 8 月 28 日召开第三届董事 ...

证券代码：688007 证券简称：光峰科技 公告编号：2025-050 深圳光峰科技股份有限公司 关于公司 2025 年前三季度计提资产减值准备的公告 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。 一、本次计提资产减值准备的情况概述 根据《企业会计准则》及公司会计政策、会计估计的相关规定，为真实、 准确地反映公司截至 2025 年 9 月 30 日的财务状况及年度经营成果，本着谨慎 性原则，结合公司实际情况，公司对截至 2025 年 9 月 30 日公司及子公司的资 产进行减值测试，对可能发生资产减值损失的相关资产计提减值准备。 经测试，2025 年前三季度确认的信用减值损失和资产减值损失总额为人民 币 3,892.78 万元（含转回）。具体情况如下表所示： 单位：元 | 序号 | 项目 | 2025年前三季度计提金额 | | --- | --- | --- | | 1 | 信用减值损失 | -9,915,952.90 | | 2 | 资产减值损失 | 48,843,723.89 | | | 合计 | 38,927,77 ...

证券代码：688007 证券简称：光峰科技 公告编号：2025-052 深圳光峰科技股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 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、准确性和完整性承担法律责任。 重要内容提示： 会议召开时间：2025年11月13日（星期四）16:00-17:00 会议召开方式：网络文字互动 深圳光峰科技股份有限公司（以下简称"公司"）已于2025年10月31日披 露公司《2025年第三季度报告》，为便于广大投资者更全面、深入地了解公司 2025年第三季度经营成果、财务状况，公司将在上证路演中心召开2025年第三 季度业绩说明会。 此次活动将以网络文字互动的方式举行，投资者可通过登录上海证券交易 所上证路演中心（http://roadshow.sseinfo.com/）参与线上互动交流，公司将就 投资者普遍关注的问题进行交流，具体如下： 一、业绩说明会类型 本次投资者说明会以网络互动形式召开，公司将针对2025年第三季度的经 营成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许 的范围内就投资者普 ...

Core Viewpoint - The article highlights the evolution and innovation of Guangfeng Technology in the laser display industry, showcasing its transition from a technology-focused company to a key player in various sectors, including cinema, AR, and automotive lighting, while emphasizing its commitment to R&D and strategic partnerships [3][4][6][8]. Group 1: Company Evolution - Guangfeng Technology has transformed from a laboratory-focused entity to a global leader in laser technology over 18 years, achieving significant breakthroughs with its ALPD technology that reduces costs and improves performance [3][4]. - The company initiated its market entry in 2013 with the launch of the world's first 100-inch laser TV in collaboration with LG, marking a pivotal moment in its commercialization journey [4]. - In 2014, Guangfeng established a joint venture with China Film Group, innovating a "finance + leasing" model that alleviated financial burdens for cinemas while generating stable cash flow for the company [5][6]. Group 2: Product Diversification - Beyond cinema, Guangfeng is expanding into AR, automotive, and underwater laser radar markets, focusing on core components rather than complete systems to avoid saturated markets [6][9]. - The company has developed an AR light engine that significantly reduces hardware costs and enhances battery life, making consumer-grade AR products more accessible [6][9]. - In the underwater laser radar sector, Guangfeng has improved detection range from 2.5 meters to 10 meters, targeting the large pool robot market in Europe and the U.S. [6][9]. Group 3: R&D and Innovation - Guangfeng boasts a highly skilled R&D team, with 35% of its workforce holding advanced degrees, and has filed over 3,000 patents, leading the global patent landscape in laser display technology [7][8]. - The company maintains a commitment to investing billions in R&D each quarter, aiming for significant growth in AR and underwater laser radar technologies by 2024 [7][8]. Group 4: Strategic Focus - Guangfeng has shifted its focus from consumer markets to B2B, positioning itself as a "light engine" supplier that empowers downstream industries rather than competing directly with established consumer brands [8][9]. - The company aims to set industry standards for its light engines, similar to Bose in the audio sector, establishing itself as a benchmark in the laser technology field [9]. Group 5: Financial Support and Ecosystem - The growth of Guangfeng Technology has been supported by a robust technology finance ecosystem, with banks providing tailored financial solutions to meet the needs of tech-driven enterprises [11][12]. - Guangfeng's collaboration with financial institutions emphasizes the importance of long-term funding for innovation, particularly in sectors with lengthy R&D cycles [12]. Group 6: Industry Insights - Experts highlight that Guangfeng's success exemplifies the need for aligning research with market demands, advocating for a model where technology development is driven by actual market needs [14][15]. - The concept of "new quality productivity" encompasses not only emerging industries but also the transformation of traditional sectors through innovative technologies [15].

Core Viewpoint - The article highlights the evolution and innovation of Light Peak Technology, showcasing its journey from laboratory breakthroughs to becoming a global leader in laser display technology and its strategic focus on B-end markets [3][7][12]. Group 1: Company Evolution - Light Peak Technology has transitioned from a focus on consumer markets to a strategic emphasis on B-end business, aiming to be the "light engine" behind various industries [7][9]. - The company has developed a unique ALPD technology that significantly reduces costs and improves performance compared to traditional RGB laser solutions, establishing a strong foundation for its industrialization journey [3][4]. - The partnership with China Film Group in 2014 marked a pivotal moment, introducing a "finance + leasing" model that alleviated financial pressures for cinemas while creating a stable cash flow for the company [4][5]. Group 2: Technological Innovations - The company has made significant advancements in AR optics and underwater laser radar, focusing on core components rather than complete systems, which allows for cost reduction and enhanced performance [5][6]. - Light Peak Technology has filed over 3,000 patents globally, with more than 1,000 granted, positioning itself as a leader in laser display technology patents [6][10]. - The introduction of the G1 AR optical engine has reduced the cost of consumer AR glasses to the range of 1,500 to 2,000 yuan, facilitating market penetration [5][6]. Group 3: Financial Support and Strategy - The company benefits from a robust technology finance ecosystem, with banks providing tailored financial solutions to support its growth and innovation [10][11]. - Light Peak's strategic focus on B-end markets has allowed it to avoid intense competition in consumer markets, enabling a clearer positioning and stronger partnerships with industry leaders [7][9]. - The company aims to set industry standards similar to Bose in the audio sector, establishing its optical engines as benchmarks in the industry [9][12]. Group 4: Industry Insights - The article emphasizes the importance of aligning research and development with market needs, showcasing Light Peak as a model for effective technology commercialization [12][13]. - The concept of "new quality productivity" is discussed, highlighting the potential for traditional industries to transform through the integration of new technologies [13][14]. - The need for a public technology service platform to assist small and micro enterprises in accessing advanced technologies is suggested, indicating a broader vision for industry collaboration [13][14].

Core Points - The China Pavilion at the Osaka Expo won the Gold Award for large self-built pavilions, marking China's first gold award at an overseas comprehensive expo and the fifth consecutive major award since 1982 [1][3]. Group 1: Award and Recognition - The China Pavilion received the Gold Award from the International Exhibitions Bureau during the award ceremony [1]. - This achievement highlights the pavilion's successful design and presentation, showcasing China's cultural heritage [3]. Group 2: Pavilion Design and Technology - The pavilion, covering 3,500 square meters, features a "Chinese Book" design and narrates three main themes: "Harmony between Nature and Humanity," "Green Water and Green Mountains," and "Endless Vitality" [5]. - The projection technology used in the pavilion is based on ALPD semiconductor laser light source technology, which brings cultural heritage to life through light and shadow [5][22]. Group 3: Exhibition Highlights - The "River of Words" exhibit projects poetry from a height of 13 meters, illustrating the evolution of cultural transmission [8]. - The "Civilization Ruins" exhibit uses projectors and sand table models to showcase ancient water systems and city ruins, making ecological wisdom accessible [10]. - The "Petal Exhibit" consists of four themes related to ecological protection and social development, using projections and sand tables to depict a beautiful China [12]. - The "Ecological Corridor" offers an immersive experience of nature's beauty through interactive design [12]. - The "Guqin Intangible Cultural Heritage" exhibit combines visuals with music, reflecting the philosophical depth of traditional art [14]. - The "Nine Heavens" exhibit features interactive projections that allow visitors to send messages related to space exploration [17]. - The "Five Oceans" exhibit integrates projections with interactive elements, allowing visitors to engage with deep-sea exploration themes [19]. Group 4: Technical Implementation - The projection technology utilized in the pavilion includes over 10 units of the Light Peak Engineering D series and D Pro series projectors, ensuring high-quality visual presentations [9][22]. - The technology is designed to maintain color accuracy and image stability in complex lighting environments, overcoming challenges such as cross-construction and irregular structures [22].