Group 1 - The core viewpoint of the article is that Lingyun Optical Technology Co., Ltd. is implementing a differentiated dividend distribution plan due to its share repurchase activities, which affects the total number of shares eligible for profit distribution [1][6] Group 2 - The reason for the differentiated dividend distribution is linked to the company's share repurchase, which involved a total expenditure of approximately 59.99 million yuan for repurchasing 2,563,582 shares, accounting for 0.5444% of the total share capital [1][2] - The company has completed the cancellation of repurchased shares, reducing its total share capital from 463,500,000 shares to 460,976,733 shares, and the registered capital decreased correspondingly [2] - The differentiated dividend plan involves distributing a cash dividend of 0.25 yuan per 10 shares (including tax) to shareholders, without capital reserve conversion or bonus shares [3][4] Group 3 - The calculation for the ex-dividend price is based on the formula: Ex-dividend reference price = (Previous closing price - Cash dividend) / (1 + Change in circulating shares ratio), with the actual cash dividend per share being approximately 0.0247 yuan [4][5] - The impact of the differentiated dividend on the ex-dividend reference price is minimal, with an absolute value of impact below 1% [5] Group 4 - The sponsor institution, China International Capital Corporation, confirms that the differentiated dividend distribution complies with relevant regulations and does not harm the interests of the company or its shareholders [6]

Core Viewpoint - The company has announced an adjustment to the maximum repurchase price of its shares following the implementation of the 2024 annual equity distribution, reducing the price from 35.00 RMB per share to 34.98 RMB per share, effective from June 20, 2025 [1][4]. Summary by Sections Share Repurchase Basic Information - The company approved a plan for the fourth share repurchase at a board meeting on November 28, 2024, with a total repurchase fund of no less than 50 million RMB and no more than 100 million RMB, with a repurchase price not exceeding 35.00 RMB per share [1][2]. - The repurchase period is set for 12 months from the date of the board's approval [1]. Reason for Adjusting the Repurchase Price - The adjustment in the repurchase price is due to the company's decision to distribute a cash dividend of 0.25 RMB per 10 shares, with the record date for the equity distribution set for June 19, 2025, and the ex-dividend date on June 20, 2025 [2][3]. Details of the Price Adjustment - The new maximum repurchase price is calculated as follows: (35.00 - 0.0247) / (1 + 0) = 34.98 RMB per share, where 0.0247 RMB is the cash dividend per share [3][4]. - The repurchase quantity is estimated to be approximately 2,858,776 shares at the upper limit of 10 million RMB, representing about 0.62% of the company's total share capital [4]. Other Matters - Other aspects of the share repurchase plan remain unchanged, and the company will adhere to relevant regulations while making repurchase decisions based on market conditions [4].

关于 2024 年年度权益分派实施后 调整回购价格上限的公告 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： 回购价格调整起始日：2025 年 6 月 20 日（2024 年年度权益分派除权除 息日） 证券代码：688400 证券简称：凌云光 公告编号：2025-054 凌云光技术股份有限公司 本次权益分派实施的股权登记日为 2025 年 6 月 19 日，除权除息日为 2025 年 6 月 20 日，具体内容详见公司于 2025 年 6 月 16 日在上海证券交易所网站 （www.sse.com.cn）披露的《2024 年年度权益分派实施公告》。 根据《关于以集中竞价交易方式第四次回购股份的回购报告书》，若在回购 期限内公司实施了资本公积金转增股本、派送股票红利、缩股或配股等除权除息 事项，公司将按照中国证监会及上海证券交易所的相关规定，对回购股份的数量 进行相应调整。 一、回购股份的基本情况 凌云光技术股份有限公司（以下简称"公司"）于 2024 年 11 月 28 日召 开了第二届董事会第十二次会议， ...

中国国际金融股份有限公司 关于凌云光技术股份有限公司 差异化分红事项的核查意见 中国国际金融股份有限公司（以下简称"中金公司"或"保荐机构"）作为凌云 光技术股份有限公司（以下简称"凌云光"或"公司"）首次公开发行股票并在科创 板上市的保荐机构，根据《中华人民共和国公司法》《中华人民共和国证券法》 《证券发行上市保荐业务管理办法》《上海证券交易所上市公司自律监管指引第 7号——回购股份》等相关法律、法规和规范性文件的规定，对凌云光2024年度 利润分配所涉及的差异化分红进行了核查，具体核查情况如下： 一、本次差异化分红的原因 2024年1月23日，公司完成首次回购计划，实际回购公司股份2,523,267股， 占公司总股本的0.5444%，使用资金总额59,997,038.89元（不含印花税、交易佣金 等交易费用）。2024年8月13日，公司完成第二次回购计划，实际回购公司股份 3,480,750 股 ， 占 公 司总 股 本 的 比 例为 0.7510% ， 使 用 资 金 总 额为 人 民 币 59,992,936.01元（不含印花税、交易佣金等交易费用）。2024年11月27日，公司完 成第三次回购计划， ...

本公司董事会及全体董事保证公告内容不存在任何虚假记载、误导性陈述或 本次利润分配方案经凌云光技术股份有限公司（以下简称"公司"）2025 年 5 月 20 日的2024年年度股东大会审议通过。 二、 分配方案 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。 证券代码：688400 证券简称：凌云光 公告编号：2025-053 重要内容提示： 凌云光技术股份有限公司 | 股权登记日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | | 2025/6/19 | 2025/6/20 | 2025/6/20 | 2024年年度权益分派实施公告 一、 通过分配方案的股东大会届次和日期 截至股权登记日下午上海证券交易所收市后，在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"）登记在册的本公司全体股东 （公司回购专用证券账户除外）。 根据《中华人民共和国公司法》《中华人民共和国证券法》《上海证券交易所 是否涉及差异化分红送转：是 每股分配比例 每股现金红利0.025元 相关日期 1. 发放年度：2024年年度 2. 分派对象： 上市公司自律监管指引 ...

Industry Overview - High-speed vision refers to the use of advanced technologies and algorithms that enable machines to analyze and process images at high speeds, facilitating automation and intelligent applications [1][8] - The main products in the high-speed vision sector include high-speed cameras, high-speed vision measurement systems, and related instruments, widely applied in various fields such as industrial inspection, intelligent transportation, and security monitoring [8][11] Global Market - The global high-speed vision market is experiencing accelerated growth, with the market size projected to increase from $8.603 billion in 2017 to $17.954 billion in 2024, and expected to reach $37.489 billion by 2028 [6] Domestic Market - China's high-speed vision industry has seen significant growth, with the market size increasing from 4.735 billion yuan in 2017 to 15.088 billion yuan in 2024, and is forecasted to reach 34.334 billion yuan by 2028 [11][19] Competitive Landscape - The high-speed vision industry in China has developed over the past 20 years, with domestic companies like Zhongke Shijie and Deep Vision emerging as key players, achieving significant market share growth [13][19] - Zhongke Shijie has increased its market share from 8.6% in 2019 to 22.2% in 2022, and in December 2024, it is expected to dominate the market with 58% of the bidding quantity and 49% of the bidding amount globally [13][19] Future Trends - The industry is expected to accelerate technological innovation and domestic substitution, with companies like Zhongke Shijie achieving commercial success with high-frame-rate cameras and other products [19][20] - The application of high-speed vision technology is expanding beyond traditional industrial inspection into sectors like intelligent transportation and medical imaging, with an anticipated annual growth rate of over 20% [20][21] - The industry is moving towards integration and ecosystem building, with domestic companies making breakthroughs in core components and system integration, supported by government and research institutions [21]

2024 年 1 月 23 日，公司完成首次回购计划，实际回购公司股份 2,523,267 股， 占公司总股本的 0.5444%，使用资金总额 59,997,038.89 元（不含印花税、交易佣 金 等 交 易 费 用 ） 。 具 体 内 容 详 见 公 司 同 日 披 露 于 上 海 证 券 交 易 所 网 站 （www.sse.com.cn）的《关于股份回购实施结果公告》。 证券代码：688400 证券简称：凌云光 公告编号：2025-052 凌云光技术股份有限公司 关于以集中竞价交易方式 第四次回购公司股份的进展公告 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： | 回购方案首次披露日 | 2024/11/29 | | --- | --- | | 回购方案实施期限 | 待董事会审议通过后 12 个月 | | 预计回购金额 | 5,000.00万元~10,000.00万元 | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 □用于转换公司可转债 | | | □为维护公司价值及股东权益 | ...

Core Insights - The "CMG World Robot Competition - Mecha Fighting Arena" concluded on May 25, showcasing the capabilities of the Yushu G1 robots in combat skills and motion control [1][2] - Yushu Technology's humanoid robots are expected to achieve a shipment of 1,000 units by 2025, indicating a faster industrialization process [6] Group 1: Event Overview - The competition took place in Hangzhou and was broadcasted live by CCTV Science and Education Channel, featuring four teams competing with Yushu G1 robots [2] - The competition format was based on a point system, consisting of three rounds, each lasting two minutes [2] Group 2: Robot Performance - Yushu G1 robots demonstrated advanced motion control capabilities, executing complex combat moves such as side kicks, knee strikes, and combinations with fluidity and power [3] - The robots exhibited strong balance and recovery abilities, maintaining upright posture after being struck and smoothly transitioning from a fallen position back to standing [3] Group 3: Software and Learning Progress - The robots learned combat skills through a pre-training model that includes real data from professional fighters and video data for imitation learning [4] - The robots' action output is linked to remote control commands, allowing for quick decision-making and execution based on environmental assessments [4] Group 4: Hardware Capabilities - The robots are equipped with high-performance motors, depth cameras, laser radars, and sensors, enhancing their motion output and perception [5] - Lightweight materials contribute to the robots' agility and flexibility during operations [5] Group 5: Industry Outlook - The humanoid robots' skill sets are expanding, and the acceleration of model evolution is crucial for commercial viability and adaptability across various tasks [6] - Investment recommendations include companies such as Zhongda Lide, Changsheng Bearing, and Aobi Zhongguang, with additional attention suggested for Shoucheng Holdings, Wolong Electric Drive, and Lingyun Optics [7]

Core Viewpoint - The company has adjusted its cash dividend distribution for the fiscal year 2024, reducing the total amount from 11,373,310.03 yuan to 11,372,872.15 yuan due to the cancellation of repurchased shares [1][2][3] Group 1: Profit Distribution Adjustment - The total cash dividend amount for 2024 is adjusted to 11,372,872.15 yuan (including tax) from the previous amount of 11,373,310.03 yuan (including tax) [1] - The company plans to distribute a cash dividend of 0.25 yuan (including tax) for every 10 shares, with no stock dividends or capital reserve transfers [2][3] - As of March 31, 2025, the total share capital was 463,500,000 shares, and after accounting for repurchased shares, the actual participating share capital for profit distribution is 454,914,886 shares [1][2] Group 2: Share Repurchase Impact - The company has repurchased a total of 17,515 shares through the Shanghai Stock Exchange, with 6,061,847 shares currently held in the repurchase account, which will not participate in the profit distribution [1][2] - The adjustment in the profit distribution amount is based on maintaining the per-share distribution ratio despite changes in the total share capital [2][3]

公司于 2025 年 4 月 25 日召开第二届董事会第十六次会议、第二届监事会第 十四次会议，2025 年 5 月 20 日召开 2024 年年度股东大会，审议通过了《关于 公司 2024 年度利润分配预案的议案》。公司 2024 年度拟以实施权益分派股权登 记日登记的总股本扣除公司回购专户的股份为基数，每 10 股派发现金红利 0.25 元（含税），不送红股，不以资本公积转增股本。截至 2025 年 3 月 31 日，公司 总股本 463,500,000 股，扣除回购专用证券账户中不参与本次利润分配的股份数 8,567,599 股，以此计算合计拟派发现金红利 11,373,310.03 元（含税）。如在分 配方案披露之日起至实施权益分派股权登记日期间公司总股本发生变动，公司拟 按照每股分配比例不变的原则对分配总额进行调整。具体内容详见公司于 2025 年 4 月 29 日在上海证券交易所网站（www.sse.com.cn）披露的相关公告。 二、调整后利润分配方案 证券代码：688400 证券简称：凌云光 公告编号：2025-051 凌云光技术股份有限公司 关于调整 2024 年年度利润分配 现金分红总额的 ...