信息披露义务人 2：嘉兴蓝拓股权投资合伙企业（有限合伙） 注册地址：浙江省嘉兴市南湖区南江路 1856 号基金小镇 1 号楼 125 室-73 通讯地址：浙江省嘉兴市南湖区东栅街道南江路 1856 号基金小镇 1 号楼 信息披露义务人 3：徐桂明 住所：浙江省嘉兴市秀洲区 住所：浙江省嘉兴市秀洲区 上市公司名称：浙江蓝特光学股份有限公司 上市地点：上海证券交易所 股票简称：蓝特光学 证券代码：688127 证券简称：蓝特光学 股票代码：688127 浙江蓝特光学股份有限公司 简式权益变动报告书 信息披露义务人 1：徐云明 住所：浙江省嘉兴市秀洲区 股份变动性质：减持导致的合计持股比例下降到 40.0000%的权益变动 签署日期：2025 年 8 月 27 日 1 信息披露义务人 4：徐梦涟 信息披露义务人声明 一、本报告书是信息披露义务人依据《中华人民共和国证券法》《上市公司 收购管理办法》《公开发行证券的公司信息披露内容与格式准则第 15 号——权 益变动报告书》及相关法律、法规和规范性文件编制。 二、信息披露义务人签署本报告书已获得必要的授权和批准，其履行亦不违 反信息披露义务人章程或内部规则中的任何条款 ...

证券代码：688127 证券简称：蓝特光学 公告编号：2025-025 浙江蓝特光学股份有限公司 关于股东及其一致行动人权益变动触及 5%整数倍 暨披露简式权益变动报告书的提示性公告 嘉兴蓝拓股权投资合伙企业（有限合伙）、徐桂明先生及其一致行动人保证 向本公司提供的信息真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 浙江蓝特光学股份有限公司（以下简称"公司"）于 2025 年 6 月 5 日在上 海证券交易所网站（www.sse.com.cn）披露了《股东减持股份计划公告》（公告 编号：2025-020）。嘉兴蓝拓股权投资合伙企业（有限合伙）拟自该公告发布之 日起的 15 个交易日后至未来 3 个月内，通过集中竞价及大宗交易方式减持其直 接持有的公司首次公开发行前的股份，减持数量不超过 2,130,000 股，占公司总 股本比例 0.5283%；股东徐桂明先生拟自该公告发布之日起的 15 个交易日后至 未来 3 个月内，通过集中竞价及大宗交易方式减持其直接持有的公司首次公开发 行前的股份，减持数量不超过 1,292,200 股，占公司 ...

Core Viewpoint - The company announced that Jiaxing Lantuo Equity Investment Partnership (Limited Partnership) and its concerted actor Mr. Xu Guiming collectively reduced their shareholding by 3.1422 million shares, decreasing their ownership from 40.78% to 40.00% [1] Summary by Relevant Categories - **Shareholding Change** - The reduction in shareholding does not violate any previously made commitments, intentions, or plans [1] - The reduction does not trigger any mandatory tender offer obligations [1] - **Impact on Company Control** - The shareholding reduction will not lead to a change in the company's control [1] - There will be no significant impact on the company's governance structure, shareholding structure, or ongoing operations [1]

Summary of Key Points Core Viewpoint - The announcement details the share reduction by shareholder Xu Guiming of Zhejiang Lante Optical Co., Ltd., indicating a planned reduction of shares due to personal financial needs, with the completion of the reduction process reported. Group 1: Shareholder Information - Xu Guiming held 5,168,800 shares before the reduction, representing 1.2820% of the total share capital of the company [1][3] - The shares held by Xu Guiming were obtained prior to the company's initial public offering (IPO) and have been released from restrictions [1] Group 2: Reduction Plan Implementation - The reduction plan was first disclosed on June 5, 2025, with a maximum intended reduction of 1,292,200 shares, equating to 0.3205% of the total share capital [1][4] - The reduction period was set from July 3, 2025, to August 26, 2025, and the shares were sold through centralized bidding and block trading [1][4] - The total amount from the reduction was reported at 37,105,436.00 yuan, with a price range of 26.08 to 33.50 yuan per share [4] Group 3: Current Shareholding Status - After the reduction, Xu Guiming's remaining shares total 3,876,600, which is 0.9615% of the total share capital [4] - The actual reduction was consistent with the previously disclosed plan, confirming that the entire intended reduction was completed [4]

证券代码：688127 证券简称：蓝特光学 公告编号：2025-024 浙江蓝特光学股份有限公司 股东减持股份结果公告 本公司董事会、全体董事及相关股东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： 股东持有的基本情况 本次减持计划实施前，浙江蓝特光学股份有限公司（以下简称"公司"）股 东徐桂明先生持有公司股份 5,168,800 股，占公司总股本的 1.2820%。上述股份 来源为公司首次公开发行前股份，且已解除限售并上市流通。 减持计划的实施结果情况 公司于 2025 年 6 月 5 日在上海证券交易所网站（www.sse.com.cn）披露了 《股东减持股份计划公告》（公告编号：2025-020），由于自身资金需求，徐桂明 先生拟通过集中竞价及大宗交易方式减持其直接持有的公司首次公开发行前的 股份，减持数量不超过 1,292,200 股，占公司总股本比例 0.3205%。减持期间为 该公告披露之日起 15 个交易日后的 3 个月内。 公司近日收到股东徐桂明先生出具的《关于股份减持结果的告知函》，截至 2025 年 8 月 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected stock price increase of over 15% relative to the industry index in the next six months [4][19]. Core Insights - The company has demonstrated significant revenue growth in H1 2025, with a year-on-year increase of 52.54%, driven by the demand for micro-prisms and automotive optics [1][2]. - The overall gross margin for H1 2025 was 35.98%, reflecting a year-on-year improvement of 4.38 percentage points, while the net profit margin increased by 5.09 percentage points to 18.17% [2]. - The company is benefiting from a diversified product matrix, with key products such as optical prisms, glass wafers, and glass aspheric lenses seeing revenue growth due to expanding applications in consumer electronics, automotive intelligent driving, and optical communications [2][3]. Financial Performance Summary - Revenue projections show a strong upward trend, with expected revenues of 754 million yuan in 2023, increasing to 2,831 million yuan by 2027, representing a compound annual growth rate (CAGR) of 38.4% [1]. - The net profit is projected to grow from 180 million yuan in 2023 to 567 million yuan in 2027, with a CAGR of 30.6% [1]. - The company's return on equity (ROE) is expected to improve from 11.0% in 2023 to 19.3% in 2027, indicating enhanced profitability [1]. Business Expansion and Market Opportunities - The company is actively exploring demand in multiple downstream sectors, including consumer electronics, automotive intelligent driving, and optical communications, which are expected to drive growth [3]. - The demand for optical components is anticipated to continue expanding due to rapid developments in consumer electronics, automotive, and semiconductor sectors, as well as emerging fields like artificial intelligence and high-speed optical communication [3][8]. - The report highlights the company's strategic partnerships with major clients, which are expected to support stable growth in the glass wafer business as technology applications evolve [3].

Investment Rating - The investment rating for the company is "Buy" (maintained) with a target price of 40.25 CNY [1][10]. Core Views - The company has shown significant growth in revenue and profit across multiple business lines, with a notable increase in gross margin [9]. - The optical prism business continues to grow, and there is substantial potential in the glass aspheric lens market [4][9]. - The company is expected to maintain high growth in its optical prism business and has developed new micro-prism products to enhance its product matrix [9]. Financial Performance Summary - The company achieved a revenue of 754 million CNY in 2023, with a year-on-year growth of 98.4%. Projections for 2024 and 2025 are 1,034 million CNY and 1,491 million CNY, respectively, indicating growth rates of 37.1% and 44.2% [7]. - The net profit attributable to the parent company is forecasted to be 180 million CNY in 2023, increasing to 221 million CNY in 2024 and 343 million CNY in 2025, with growth rates of 87.3% and 55.6% [7][10]. - The gross margin is expected to be 42.1% in 2023, slightly decreasing to 39.9% in 2024, and then stabilizing around 41.1% in 2025 [7]. Business Segment Performance - The optical prism segment saw a revenue increase of 69% to 3.4 million CNY, with a gross margin improvement of nearly 10 percentage points to 33.2% [9]. - The glass aspheric lens segment is experiencing accelerated demand, particularly in automotive and handheld devices, with a revenue increase of 24% [9]. - The company is positioned well with leading clients in the rapidly growing sectors of handheld devices, optical modules, and automotive lenses [9].

Investment Rating - The report maintains a "Recommended" rating for the company, indicating a potential upside of over 15% relative to the benchmark index [4][6]. Core Insights - The company reported significant growth in its financial performance, with a revenue of 577 million yuan for the first half of 2025, representing a year-over-year increase of 52.54%. The net profit attributable to shareholders reached 103 million yuan, up 110.27% year-over-year [2][4]. - The demand from downstream sectors such as consumer electronics, automotive intelligent driving, and optical communications has been actively explored, leading to increased revenue from key products: optical prisms (343 million yuan, YOY +68.90%), glass wafers (152 million yuan, YOY +23.89%), and glass aspheric lenses (47 million yuan, YOY +50.97%) [2][3]. - The company has a strong competitive position in the AR glass wafer sector, benefiting from the growing demand for AR products and the expansion of applications in various fields [3][4]. Summary by Sections Financial Performance - In H1 2025, the company achieved a revenue of 577 million yuan, with a net profit of 103 million yuan. The Q2 2025 revenue was 321 million yuan, showing a quarter-over-quarter increase of 25.63% [1][2]. - The overall gross margin improved to 35.98%, up 4.38 percentage points year-over-year, while the net profit margin reached 18.17%, an increase of 5.09 percentage points year-over-year [2]. Product Demand and Market Position - The company’s optical prism products are benefiting from the expanding demand for smartphone periscope lens modules. The glass aspheric lenses are gaining traction in various applications, including automotive electronics and handheld imaging devices [2][3]. - The report highlights the potential for glass-plastic hybrid lenses to become a future trend in smartphone applications, with increasing penetration rates expected [3]. Future Projections - Revenue projections for 2025 to 2027 are estimated at 1.545 billion yuan, 1.973 billion yuan, and 2.475 billion yuan, respectively. Corresponding net profits are projected to be 325 million yuan, 437 million yuan, and 556 million yuan [5][11]. - The report anticipates a continued strong performance in the company's micro-prism products and glass aspheric lenses, particularly in the smartphone and AR sectors [4][5].

Investment Rating - The report maintains a "Buy-A" investment rating for the company [5] Core Views - The company reported a significant increase in revenue and net profit for the first half of 2025, with revenue reaching 577 million yuan, a year-on-year growth of 52.54%, and net profit of 103 million yuan, up 110.27% compared to the same period last year [1][2] - The demand for micro-prisms, automotive electronics, and glass wafers remains strong, contributing to the growth in sales across the company's main product lines [2] - The company is increasing its R&D investment, focusing on high-end products such as AR optical components and silicon carbide wafers, with R&D expenses rising by 22.28% year-on-year to approximately 56.23 million yuan [3] Summary by Sections Financial Performance - For the first half of 2025, the company achieved a revenue of 577 million yuan and a net profit of 103 million yuan, reflecting substantial growth compared to the previous year [1][2] - The projected revenues for 2025, 2026, and 2027 are estimated at 1.48 billion yuan, 1.89 billion yuan, and 2.42 billion yuan respectively, with net profits expected to be 366 million yuan, 516 million yuan, and 669 million yuan [4][9] Market Demand - The company is actively exploring demand in consumer electronics, automotive intelligent driving, and optical communication sectors, leading to increased sales in optical prisms, glass wafers, and aspherical glass lenses [2] - The strategic partnerships with major clients have supported the stable development of the glass wafer business [2] Research and Development - The company is enhancing its R&D capabilities, with a focus on AR products and high-precision optical components, and has expanded its R&D team to 334 personnel, accounting for 11.91% of total employees [3] - The company has obtained new patents, including 2 invention patents and 6 utility model patents, increasing its total to 17 invention patents and 76 utility model patents [3]

顾家家居：上半年净利润10.21亿元 同比增长13.89% 8月22日晚，顾家家居（603816）发布2025年半年度报告，公司上半年实现营业收入98.01亿元，同比增 长10.02%；实现归属于上市公司股东的净利润10.21亿元，同比增长13.89%；基本每股收益为1.26元/ 股。 资料显示，顾家家居成立于2006年10月，主营业务是客厅、餐厅、卧室、整家定制等全场景家居产品的 研究、设计、开发、生产、销售与服务。 所属行业：轻工制造–家居用品–成品家居 凤凰股份：上半年净利润1103.54万元 成功扭亏 8月22日晚，凤凰股份（600716）发布2025年半年度报告，公司上半年实现营业收入2.91亿元，同比增 长200.78%；实现归属于上市公司股东的净利润1103.54万元，成功扭亏为盈；基本每股收益为0.0118元/ 股。 资料显示，凤凰股份成立于1996年6月，主营业务是房地产开发与销售。 所属行业：房地产–房地产开发–住宅开发 浙商证券：上半年净利润11.49亿元 同比增长46.49% 8月22日晚，浙商证券（601878）发布2025年半年度报告，公司上半年实现营业收入61.07亿元，同比下 ...