Core Viewpoint - The precision optical components are becoming essential for various advanced technologies, including AI, quantum computing, and optical communication, with companies like Tengjing Technology leading the domestic substitution trend in China [1][3]. Industry Overview - The optical components are critical in modern technology, playing an irreplaceable role in communication, AI, high-end equipment, and advanced manufacturing [3]. - China holds a significant position in the global optical communication market, with leading companies like Huawei and ZTE, but still relies on imports for certain high-speed optical chips and specialized materials [3]. - The development of information infrastructure is crucial for national security and economic transformation, emphasizing the need for self-sufficiency in key technologies [3]. Company Strategy - Tengjing Technology is focusing on the rapid development of high-speed optical interconnection technologies driven by AI computing demands, expanding its product and technology layout in optical communication [4]. - The company is addressing the challenges of domestic substitution in semiconductor equipment, particularly in photolithography machines, which are critical for chip manufacturing [4][5]. - Tengjing Technology is accelerating technological breakthroughs and product applications in the semiconductor and optical communication sectors, providing key components and achieving significant progress [5]. Technological Advancements - The company has established six core technology platforms, including optical films, precision optics, and fiber devices, which form a comprehensive technical system for manufacturing optical components [7][8]. - The complexity of manufacturing processes and the need for high reliability create significant entry barriers for new competitors, requiring extensive R&D and production experience [8]. - Continuous R&D and talent development are crucial for the company's innovation and ability to meet the evolving demands of the optical electronics industry [8][9]. Future Outlook - R&D innovation is a direct driver of business expansion and profitability in the optical electronics sector, with a focus on high-end component domestic substitution and technological advancements [9].

Core Viewpoint - The article emphasizes the significant role of precision optical components in modern technology, particularly in quantum computing, AI, and optical communication, highlighting the strategic importance of domestic production in China to reduce reliance on foreign technology and enhance national security [1][4]. Group 1: Industry Trends - The Chinese optoelectronic industry is experiencing a strong trend of domestic substitution, with significant improvements in technology levels and international competitiveness [1][4]. - China holds a leading position in the global optical communication market, with major companies like Huawei and ZTE becoming industry leaders, although some components still rely on imports [4][5]. Group 2: Company Positioning - Tengjing Technology, founded in 2013, is positioned as a key player in promoting domestic substitution in high-end optical components for optical communication and semiconductor equipment [1][4]. - The company is focusing on the rapid development of high-speed optical interconnection technologies driven by AI computing demands, expanding its product and technology layout in this area [5][6]. Group 3: Technological Advancements - Tengjing Technology has developed six core technology platforms, including optical film, precision optics, and fiber optic devices, which form a vertically integrated capability for manufacturing optical components [8][9]. - The company emphasizes the complexity of manufacturing processes and the need for extensive R&D investment to keep pace with rapid technological advancements in the industry [8][9]. Group 4: Challenges and Opportunities - The optical components for semiconductor equipment, particularly in photolithography machines, represent a significant challenge for domestic production, as they are currently dominated by foreign companies [6][8]. - The company is actively addressing these challenges by advancing technology and product applications, contributing to the overall domestic substitution process in the semiconductor and optical communication sectors [6][10].

Core Viewpoint - Tengjing Technology Co., Ltd. is set to hold a Q3 2025 earnings presentation on October 21, 2025, to discuss its operational results and financial status with investors [1][2]. Group 1: Meeting Details - The earnings presentation will take place on October 21, 2025, from 13:00 to 14:00 [2][5]. - The venue for the meeting is the Shanghai Stock Exchange Roadshow Center, accessible online [2][4]. - The meeting will be conducted in an interactive online format, allowing for real-time communication with investors [3][4]. Group 2: Participation Information - Investors can participate in the meeting by logging into the Shanghai Stock Exchange Roadshow Center on the scheduled date [5][6]. - A pre-question submission period is available from October 13 to October 20, 2025, where investors can submit questions via the Roadshow Center website or through the company's email [2][5][6]. - The company will address commonly asked questions during the presentation [3][6]. Group 3: Company Representatives - Key representatives attending the meeting include Chairman and General Manager Yu Hongrui, Vice General Manager and Financial Officer Liu Yi, and Independent Director Luo Miaocheng [4].

Core Insights - The optical and optoelectronic sector experienced a decline of 2.68% on October 10, with Wanrun Technology leading the drop [1] - The Shanghai Composite Index closed at 3897.03, down 0.94%, while the Shenzhen Component Index closed at 13355.42, down 2.7% [1] Stock Performance - Wanrun Technology (002654) saw a significant decline of 9.11%, closing at 14.56, with a trading volume of 1.22 million shares and a transaction value of 1.8 billion [2] - Other notable decliners included Tengjing Technology (688195) down 8.42% and Changyang Technology (6628889) down 7.45% [2] - Conversely, Deep Textile A (000045) increased by 7.14%, closing at 13.50, with a trading volume of 410,600 shares and a transaction value of 54 million [1] Capital Flow - The optical and optoelectronic sector experienced a net outflow of 1.911 billion from institutional investors, while retail investors saw a net inflow of 538 million [2] - Notable stocks with significant capital inflows included BOE Technology Group (000725) with a net inflow of 127 million from institutional investors [3] - In contrast, Huacan Optoelectronics (300323) faced a net outflow of 77.5 million from retail investors [3]

证券代码：688195 证券简称：腾景科技 公告编号：2025-053 腾景科技股份有限公司 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、准确性和完整性依法承担法律责任。 （一）会议召开时间：2025 年 10 月 21 日 13:00-14:00 重要提示： ●会议召开时间：2025 年 10 月 21 日（星期二）13:00-14:00 ● 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/） ●会议召开方式：上证路演中心网络互动 ●投资者可于 2025 年 10 月 13 日（星期一）至 10 月 20 日（星期一）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 ir@optowide.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行回 答。 腾景科技股份有限公司（以下简称"公司"）将于 2025 年 10 月 18 日在上 海证券交易所网站（www.sse. ...

Investment Rating - The report maintains a "Positive" investment rating for the electronic industry, indicating an expectation of returns exceeding the market benchmark by more than 5% [6][17]. Core Insights - The Nobel Prize in Physics awarded for quantum science research is expected to enhance the attention of governments and leading tech companies towards the industrialization of quantum technology, accelerating its commercialization process [3][10]. - The research recognized by the Nobel Prize lays a theoretical foundation for the industrialization of quantum technology, with significant contributions from the awarded scientists in developing superconducting circuits and quantum bits [9][10]. - Recent advancements in quantum technology, such as the installation of the first quantum computer in a data center in New York City, signify a shift from laboratory research to practical applications in the industry [9][10]. Summary by Sections Investment Recommendations and Targets - The report suggests focusing on leading domestic quantum technology companies, including Guandun Quantum, Guoxin Technology, Tengjing Technology, and Huagong Technology, as potential investment targets [3][10]. Industry Overview - The report highlights the growing interest in quantum technology following the Nobel Prize announcement, with expectations for increased investment and development in quantum computing, communication, and measurement technologies [9][10].

Group 1 - The company has decided to abolish the supervisory board and transfer its responsibilities to the Audit and Risk Management Committee under the board of directors [1][2] - The company will comprehensively revise its Articles of Association and related governance systems to reflect the changes, including the removal of references to the supervisory board and its members [2][3] - The supervisory board will continue to perform its supervisory duties until the shareholders' meeting approves the abolition of the supervisory board [1] Group 2 - The revisions to the Articles of Association will include the renaming of the "Shareholders' Meeting" to "Shareholders' Assembly" and other adjustments to enhance shareholder rights [2][3] - Specific amendments will be made to the Articles of Association, including the deletion of the supervisory board section and the modification of related terms to align with the new governance structure [2][4] - The company aims to strengthen its governance structure in accordance with relevant laws and regulations [2]

登录新浪财经APP 搜索【信披】查看更多考评等级 ■ 修订后的《公司章程》将于同日在上海证券交易所网站（www.sse.com.cn）予以披露。 以上事项尚需提交股东大会审议，公司董事会提请股东大会授权董事长或其授权的其他人士办理后续变 更登记、章程备案等相关事宜。公司将于股东大会审议通过后及时向工商登记机关办理《公司章程》的 变更、备案等相关手续，上述变更最终以市场监督管理部门核准的内容为准。 三、修订及制定公司部分治理制度的相关情况 2025年9月30日 证券代码：688195 证券简称：腾景科技 公告编号：2025-048 腾景科技股份有限公司 关于董事会换届选举的公告 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。 腾景科技股份有限公司（以下简称"公司"）第二届董事会任期将届满。根据《中华人民共和国公司法》 （以下简称《公司法》）《上海证券交易所科创板股票上市规则》《上海证券交易所科创板上市公司自 律监管指引第1号一一规范运作》等法律、法规、规范性文件及《腾景科技股份有限公司章程》（以下 简称《公司章程》）等有关规 ...

Group 1 - The company Tengjing Technology announced an increase in its credit limit for 2025, raising the total credit limit to no more than 800 million RMB (including 800 million RMB) or equivalent foreign currency [2] - The company will apply for an additional credit limit of no more than 260 million RMB (including 260 million RMB) or equivalent foreign currency, on top of the existing limit of 540 million RMB (including 540 million RMB) [2] - This decision will be submitted for approval at the company's shareholders' meeting [2]

Group 1 - The core point of the article highlights that Tengjing Technology (SH 688195) announced a total external guarantee amount of 340 million yuan, which accounts for 36.9% of the company's latest audited net assets [1] - For the year 2024, the revenue composition of Tengjing Technology is predominantly from the optoelectronic component manufacturing industry, which constitutes 99.81% of its total revenue, while other businesses account for only 0.19% [1] - As of the report date, Tengjing Technology has a market capitalization of 15.5 billion yuan [1] Group 2 - The article also discusses the competitive landscape in the beverage industry, noting that the launch of the Farmer Green Bottle has led to a significant decline in market share for Yibao, dropping nearly 5 percentage points [1]