Financial Performance - The company's operating revenue for the third quarter reached ¥759,267,252.46, representing a year-on-year increase of 53.12%[4] - The total profit for the third quarter was ¥23,591,759.45, reflecting a growth of 56.16% compared to the same period last year[4] - The net profit attributable to shareholders was ¥36,585,014.05, an increase of 47.97% year-on-year[4] - The net profit excluding non-recurring gains and losses surged by 177.03% to ¥31,094,549.35 in the third quarter[4] - Basic and diluted earnings per share for the third quarter were both ¥0.08, marking a 60.00% increase compared to the previous year[5] - Total operating revenue for the first three quarters of 2025 reached ¥2,127,400,313.66, a 34.4% increase from ¥1,584,067,239.11 in the same period of 2024[21] - Operating profit for the first three quarters of 2025 was ¥115,192,369.02, compared to ¥82,846,856.31 in 2024, reflecting a growth of 39.0%[22] - Net profit attributable to shareholders of the parent company for the first three quarters of 2025 was ¥132,660,476.08, up from ¥111,987,354.93 in 2024, marking a 18.5% increase[22] - The comprehensive income total for the first three quarters of 2025 was ¥133,478,616.98, compared to ¥108,362,814.11 in 2024, reflecting a growth of 23.2%[22] - Basic and diluted earnings per share for the first three quarters of 2025 were both ¥0.29, compared to ¥0.24 in 2024, an increase of 20.8%[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,004,785,930.19, up 10.01% from the end of the previous year[5] - The total liabilities increased to ¥1,980,434,888.53 in 2025 from ¥1,560,544,682.99 in 2024, representing a growth of 27.0%[21] - The total equity attributable to shareholders of the parent company rose to ¥4,037,623,785.70 in 2025, compared to ¥3,908,013,008.67 in 2024, an increase of 3.3%[21] - Current liabilities totaled CNY 539,628,424.77 as of September 30, 2025, compared to CNY 551,046,191.60 at the end of 2024, indicating a reduction in short-term obligations[30] - The company's total equity increased marginally to CNY 3,742,323,968.61 as of September 30, 2025, from CNY 3,742,140,007.07 at the end of 2024, reflecting stable shareholder value[30] Cash Flow - The company's cash and cash equivalents amounted to ¥770,894,761.56 as of September 30, 2025, down from ¥2,065,942,144.70 at the end of 2024[15] - Cash inflow from operating activities for the first three quarters of 2025 was CNY 1,765,966,891.71, an increase from CNY 1,727,006,350.50 in the same period of 2024[25] - Net cash flow from operating activities was negative CNY 165,279,309.26 in 2025, compared to negative CNY 121,196,664.15 in 2024, indicating a decline in operational efficiency[25] - Total cash inflow from investment activities increased significantly to CNY 1,564,631,390.08 in 2025 from CNY 1,015,371,382.90 in 2024, reflecting a strong investment recovery[26] - Net cash flow from investment activities was negative CNY 241,367,458.32 in 2025, worsening from negative CNY 119,119,161.99 in 2024, suggesting increased capital expenditures[26] - Cash inflow from financing activities rose to CNY 611,855,000.00 in 2025, compared to CNY 302,960,622.89 in 2024, indicating improved financing conditions[26] - The net cash flow from financing activities was positive CNY 18,989,284.18 in 2025, a decrease from CNY 68,397,677.91 in 2024, showing reduced reliance on external financing[26] Research and Development - Research and development expenses totaled ¥120,127,573.61, accounting for 15.82% of operating revenue, a decrease of 4.42 percentage points year-on-year[5] - Research and development expenses for the first three quarters of 2025 were ¥318,871,386.39, up from ¥291,953,176.74 in 2024, indicating a 9.2% increase[21] - Research and development expenses increased to CNY 165.19 million, a rise of 1.0% from CNY 163.50 million in the previous year[32] Shareholder Information - The total number of ordinary shares at the end of the reporting period was 28,008,000[12] - The largest shareholder, Yao Yi, holds 200,237,818 shares, representing 43.44% of total shares[12] - The company held 6,061,847 shares in its repurchase account, accounting for 1.32% of total shares[13] - The company has no significant changes in the participation of major shareholders in margin trading or stock lending[14] Market Focus - The company is focusing on AI and intelligent manufacturing applications, which are expected to drive future growth and market expansion[10] - The company has made significant progress in product layout and market expansion, particularly in AI-driven communication and computing products[10]

Core Points - The company has received acceptance from the Shanghai Stock Exchange for its application to issue A-shares to specific investors for the year 2024 [1] - The application documents were verified by the exchange and deemed complete and in accordance with legal requirements [1] - The issuance is subject to further approval from the Shanghai Stock Exchange and the China Securities Regulatory Commission, with uncertainties regarding the approval process and timeline [1] Summary by Sections - **Company Announcement**: The company announced that it has received a notification from the Shanghai Stock Exchange regarding the acceptance of its application for issuing securities [1] - **Regulatory Compliance**: The application documents were confirmed to be complete and compliant with legal standards by the exchange [1] - **Future Steps**: The issuance is contingent upon passing the review by the Shanghai Stock Exchange and obtaining registration approval from the China Securities Regulatory Commission, indicating potential uncertainties in the approval process [1]

Core Viewpoint - Lingyun Optical Technology Co., Ltd. has shown significant stock performance this year, with a year-to-date increase of 88.72%, despite recent fluctuations in trading volume and price [1][2]. Financial Performance - For the first half of 2025, Lingyun achieved operating revenue of 1.368 billion yuan, representing a year-on-year growth of 25.73%, and a net profit attributable to shareholders of 96.075 million yuan, up 10.10% year-on-year [2]. - The company has distributed a total of 92.2845 million yuan in dividends since its A-share listing [3]. Stock Market Activity - As of October 28, Lingyun's stock price was 41.32 yuan per share, with a market capitalization of 19.048 billion yuan. The stock experienced a decline of 2.13% on that day [1]. - The stock has seen a trading volume of 99.3586 million yuan, with a turnover rate of 0.52% [1]. - The company has appeared on the "Dragon and Tiger List" once this year, with a net purchase of 233 million yuan on February 20 [1]. Shareholder Information - As of September 30, the number of shareholders increased by 5.02% to 28,000, while the average circulating shares per person decreased by 4.78% to 16,458 shares [2]. - Notably, Hong Kong Central Clearing Limited has exited the list of the top ten circulating shareholders as of June 30, 2025 [3]. Business Focus - Lingyun's main business segments include intelligent visual equipment (34.69%), configurable visual systems (30.97%), optical communication products (27.44%), visual devices (5.31%), and service revenue (1.59%) [2]. - The company is strategically focusing on the machine vision business, which is supported by its foundation in optical technology innovation [2].

Core Points - Lingyun Technology Co., Ltd. plans to issue A-shares to specific investors to raise up to 785 million yuan for the acquisition of 100% equity in Danish company JAI, which specializes in industrial cameras and possesses core technologies such as prism splitting [1] - The acquisition is expected to create goodwill of 634 million yuan and aims to enhance the company's capabilities in the machine vision sector, including technology, product, and market synergy [1] - As of October 27, 2025, Lingyun's stock closed at 42.22 yuan, with a market capitalization of 19.462 billion yuan, reflecting a slight decline of 0.05% from the previous trading day [1] Financial Performance - The company's net profits from 2022 to the first half of 2025 were reported as follows: 187.67 million yuan in 2022, 163.93 million yuan in 2023, 107.07 million yuan in 2024, and 96.08 million yuan in the first half of 2025, indicating a downward trend in profitability [1] - The stock's trading volume on the day of the report was 614 million yuan, with a turnover rate of 3.15% [1] Regulatory Aspects - The issuance of A-shares is subject to approval from the Shanghai Stock Exchange and registration with the China Securities Regulatory Commission [1]

证券代码：688400 证券简称：凌云光 凌云光技术股份有限公司 （北京市海淀区翠湖南环路 13 号院 7 号楼 7 层 701 室） 2024 年度向特定对象发行 A 股股票 募集说明书 （申报稿） 保荐人（联席主承销商） （北京市朝阳区建国门外大街 1 号国贸大厦 2 座 27 层及 28 层） 联席主承销商 （北京市西城区金融大街 7 号英蓝国际金融中心 12 层 F1201-F1210、F1211B-F1215A、 F1231-F1232 单元、15 层 F1519-F1521、F1523-F1527 单元） 二〇二五年十月 凌云光技术股份有限公司 募集说明书（申报稿） 公司声明 1、本公司及全体董事、高级管理人员承诺本募集说明书及其他信息披露资料不存 在任何虚假记载、误导性陈述或重大遗漏，并对其真实性、准确性及完整性承担连带赔 偿责任。 2、公司负责人、主管会计工作负责人及会计机构负责人保证募集说明书中财务会 计资料真实、完整。 3、中国证券监督管理委员会、上海证券交易所对本次发行所作的任何决定或意见， 均不表明其对申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其 对发行人的盈利能力 ...

关于 2024 年度向特定对象发行 A 股股票申请 证券代码：688400 证券简称：凌云光 公告编号：2025-080 凌云光技术股份有限公司 公司本次向特定对象发行 A 股股票事项尚需上交所审核通过，并获得中国证 券监督管理委员会（以下简称"中国证监会"）同意注册的批复后方可实施，最终 能否通过上交所审核并获得中国证监会同意注册的批复及其时间尚存在不确定性。 公司将根据该事项进展情况，按照相关规定和要求及时履行信息披露义务， 敬请广大投资者注意投资风险。 特此公告。 凌云光技术股份有限公司董事会 2025 年 10 月 28 日 获上海证券交易所受理的公告 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。 凌云光技术股份有限公司（以下简称"公司"）于近日收到上海证券交易所（以 下简称"上交所"）出具的"上证科审（再融资）〔2025〕141 号"《关于受理凌云 光技术股份有限公司科创板上市公司发行证券申请的通知》，上交所依据相关规定 对公司报送的科创板上市公司发行证券的募集说明书及相关申请文件进行了核对， 认为该项申请文件齐备 ...

关于凌云光技术股份有限公司 向特定对象发行 A 股股票之 上市保荐书 保荐机构 （北京市朝阳区建国门外大街 1 号国贸大厦 2 座 27 层及 28 层） 2025 年 10 月 凌云光技术股份有限公司 上市保荐书 上海证券交易所： 中国国际金融股份有限公司（以下简称"保荐机构"、"本机构"或"中金公司"） 接受凌云光技术股份有限公司（以下简称"凌云光"、"发行人"或"公司"）的委托， 就发行人 2024 年度向特定对象发行 A 股股票并在科创板上市事项（以下简称"本次发 行"）出具本上市保荐书。 保荐机构及其保荐代表人根据《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》"）、《证券发行上市保荐业务管理办法》 （以下简称"《保荐办法》"）、《上市公司证券发行注册管理办法》（以下简称"《注册管 理办法》"），以及《上海证券交易所科创板股票上市规则》（以下简称"《上市规则》"）、 《上海证券交易所股票发行上市审核业务指引第 2 号——上市保荐书内容与格式》（以 下简称"《指引第 2 号》"）等法律法规和中国证券监督管理委员会（以下简称"中国证 监会"）、上海证券 ...

法律意见 北京市西城区金融街 19 号富凯大厦 B 座 12 层 电话:010-52682888 传真:010-52682999 邮编:100033 北京德恒律师事务所 关于凌云光技术股份有限公司 2024 年度向特定对象发行 A 股股票的 | 二十一、发行人募集说明书法律风险的评价 34 | | --- | 北京德恒律师事务所 关于凌云光技术股份有限公司 2024 年度向特定对象发行 A 股股票的法律意见 | 二十二、对本次发行的结论性意见 34 | | --- | 4-1-2 北京德恒律师事务所 关于凌云光技术股份有限公司 2024 年度向特定对象发行 A 股股票的法律意见 释 义 下列词语除非另有说明或上下文表明并不适用，在本法律意见中具有如下含 义： | 德恒/本所 | 指 | 北京德恒律师事务所 | | --- | --- | --- | | 发行人/公司/凌云光 | 指 | 凌云光技术股份有限公司 | | 本次发行/本次向特定对 | | 公司本次向特定对象发行人民币普通股股票，募集 | | 象发行/本次向特定对象 发行股票 | 指 | 资金总额不超过人民币 78,500.00 万元（含本数）， 向 ...

| | | | 一、审计报告……………………………………………………… | 第 1—6 页 | | --- | --- | | 二、财务报表……………………………………………………… | 第 7—14 页 | | （一）合并资产负债表…………………………………………… | 第 7 页 | | （二）母公司资产负债表………………………………………… | 第 8 页 | | （三）合并利润表………………………………………………… | 第 9 页 | | （四）母公司利润表………………………………………………第 | 10 页 | | （五）合并现金流量表……………………………………………第 | 11 页 | | （六）母公司现金流量表…………………………………………第 | 12 页 | | （七）合并所有者权益变动表……………………………………第 | 13 页 | | （八）母公司所有者权益变动表…………………………………第 | 14 页 | | 三、财务报表附注……………………………………………… 第 | 15—115 页 | | 四、附件………………………………………………………… 第 | 116—119 页 ...

关于凌云光技术股份有限公司 向特定对象发行 A 股股票之 发行保荐书 关于凌云光技术股份有限公司 向特定对象发行 A 股股票之发行保荐书 上海证券交易所： 凌云光技术股份有限公司（以下简称"凌云光"、"发行人"或"公司"）拟申请 向不超过 35 名特定对象发行不超过 46,000,000 股（含本数）的人民币普通股股票（以 下简称"本次证券发行"、"本次发行"或"向特定对象发行 A 股股票"），并已聘 请中国国际金融股份有限公司（以下简称"中金公司"）作为本次证券发行的保荐机构 （以下简称"保荐机构"或"本机构"）。 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》"）、《证券发行上市保荐业务管理办法》（以下简 称"《保荐办法》"）、《上市公司证券发行注册管理办法》（以下简称"《注册管理 办法》"）、《发行证券的公司信息披露内容与格式准则第 27 号——发行保荐书和发 行保荐工作报告》（以下简称"《准则第 27 号》"）、《保荐人尽职调查工作准则》 等法律法规和中国证券监督管理委员会（以下简称"中国证监会"）、上海证券交易所 （以下简称"上交所"）的有关 ...