Summary of Key Points Core Viewpoint - The financing balance of the Sci-Tech Innovation Board has decreased by 294 million yuan compared to the previous day, with notable net purchases in stocks such as SanSheng GuoJian, LingYun Guang, and LeXin Technology [1][2]. Financing Balance Overview - As of May 22, the total margin financing balance on the Sci-Tech Innovation Board is 152.44 billion yuan, a decrease of 294 million yuan from the previous trading day [1]. - There are 390 stocks with a financing balance exceeding 100 million yuan, with 15 stocks having a balance over 1 billion yuan [1]. Net Purchase Analysis - A total of 34 stocks saw net purchases exceeding 10 million yuan, with SanSheng GuoJian leading at 87.75 million yuan, followed by LingYun Guang and LeXin Technology [2]. - The average increase in stock prices for those with net purchases over 10 million yuan is 1.48%, with SanSheng GuoJian showing a significant increase of 20% [2]. Sector Preferences - Investors are particularly favoring stocks in the electronics, pharmaceutical, and computer sectors, with 11, 7, and 4 stocks respectively making the list of significant net purchases [2]. Financing Balance to Market Value Ratio - The average ratio of financing balance to market value for the stocks with significant net purchases is 4.39%, with RongBai Technology having the highest ratio at 13.26% [2].

Group 1 - The Sora (Wensheng Video) concept increased by 0.31%, ranking third in the concept sector, with 11 stocks rising, including Kunlun Wanwei which hit a 20% limit up [1][2] - The leading gainers in the Sora concept include Lingyun Guang with a 5.74% increase, Yinsai Group with a 4.95% increase, and Wanxing Technology with a 2.90% increase [1][2] - The main losers in the sector were Aorui De, *ST Tianze, and Jishi Media, which fell by 2.75%, 2.73%, and 2.65% respectively [1][2] Group 2 - The Sora concept saw a net inflow of 1.348 billion yuan, with 13 stocks receiving net inflows, and 5 stocks exceeding 30 million yuan in net inflow [2][3] - Kunlun Wanwei led the net inflow with 1.278 billion yuan, followed by Lingyun Guang, Yinsai Group, and Jiecheng Shares with net inflows of 65.303 million yuan, 46.0198 million yuan, and 38.3301 million yuan respectively [2][3] Group 3 - In terms of net inflow ratios, Kunlun Wanwei, Zhidema, and Jiecheng Shares had the highest ratios at 23.76%, 12.77%, and 10.63% respectively [3] - The trading volume and turnover rates for the leading stocks in the Sora concept were significant, with Kunlun Wanwei having a turnover rate of 12.32% and a daily increase of 20.01% [3]

Group 1 - The core viewpoint of the article highlights the rising interest and investment in the robotics industry, particularly in humanoid robots, as evidenced by the increase in the National Securities Robotics Industry Index and the inflow of funds into the E Fund Robotics ETF [1] - The National Securities Robotics Industry Index rose by 0.6%, with leading stocks such as Lingyun Optics, Jiangsu Beiren, Yingfeng Environment, and Stone Technology all increasing by over 3% [1] - The E Fund Robotics ETF (159530) has seen net inflows for three consecutive days, reaching a new high in scale, indicating strong investor interest in robotics-related investments [1] Group 2 - Tesla has released a video showcasing its humanoid robot autonomously completing various tasks, including throwing away trash, cooking, vacuuming, and ironing, all performed by a single neural network that learns directly from human videos [1] - Open Source Securities emphasizes the need for humanoid robots to understand and interact with the physical world, using human motion data for training to enhance flexibility and coordination [1] - Humanoid robots account for over 50% of the components in the E Fund Robotics ETF, making it the highest "humanoid content" among all ETFs tracking similar indices, which facilitates investors in capitalizing on industry development opportunities [1]

Summary of the Conference Call Company Overview - The company, Lingyun Optical, operates primarily in the optical communication and visual systems sectors, with optical communication accounting for 30% of its revenue. It focuses on high-end foreign products and is actively developing next-generation computing center products like OCS all-optical switches and optical chips to support domestic AI computing center construction [2][3]. Key Industry Insights Optical Communication - The optical communication business is stable, representing 30% of total revenue, with products such as 400G, 800G, and 1.6T optical modules and switches being sold domestically [3]. Consumer Electronics - The consumer electronics sector, which serves major clients like Apple and Huawei, generated approximately 700 million yuan last year, accounting for over 40% of the visual business. The demand for optical motion capture has increased significantly, rising from 10% to 30-40% due to the domestic production of components for Huawei's Mate series [4][5]. Printing and Packaging - The printing and packaging segment contributes 20% of the company's revenue, with a growth rate expected to exceed 30% this year. The business focuses on soft packaging inspection, including high-speed scanning and AI software algorithms for quality control [6]. New Energy Sector - The lithium battery business is showing signs of recovery, with increased demand for visual components and inspection equipment, while the photovoltaic sector faces challenges but is expected to recover gradually [7]. Digital Human Project - The digital human project, in collaboration with Zhipu, is progressing well, with a focus on enhancing the optical motion capture product line. The revenue from this product line is expected to increase significantly this year [8]. Scientific Imaging and Semiconductor Business - The scientific imaging and device business has made significant progress, with semiconductor revenue exceeding 100 million yuan. The acquisition of a Danish company has positively impacted the semiconductor segment, contributing over 20% to total revenue [11]. Additional Insights Market Growth Projections - The domestic motion capture market is projected to reach approximately 800 million yuan by 2025, with an annual growth rate of 20-30%, driven by smart manufacturing and unmanned systems [4][28]. Customer Base and Trends - The customer base has shifted from primarily universities to more local enterprises, indicating a growing demand for the company's solutions in various industries [25]. Competitive Advantages - The company's products are competitively priced compared to foreign brands, which are often three to four times more expensive. The company offers a complete data acquisition toolchain, integrating various data types for customer convenience [19][20]. R&D and Workforce - The company has over 100 employees, with more than half dedicated to research and development, indicating a strong focus on innovation [24]. Strategic Developments - The acquisition of AIT has led to a tighter integration of operations and a shift to a calendar year for production cycles, enhancing quality standards and market responsiveness [26]. Conclusion Lingyun Optical is well-positioned in the optical communication and visual systems markets, with strong growth prospects across various sectors, particularly in consumer electronics and motion capture technologies. The company's strategic focus on R&D and competitive pricing enhances its market position, while ongoing collaborations and acquisitions are expected to drive future growth.

Core Viewpoint - The company has decided to postpone the timeline for the "Industrial Artificial Intelligence Algorithm and Software Platform R&D Project" while maintaining the investment purpose and scale of the fundraising project [1][3]. Fundraising Basic Information - The company raised a total of RMB 1,973.70 million through its initial public offering, with a net amount of RMB 1,805.28 million after deducting issuance costs [1]. - The company has established a special account for the management of the raised funds, which are fully stored in this account [2]. Postponement Details - The project was originally scheduled to reach its usable state by May 2025, but this date has been adjusted to November 2025 [3]. - The postponement is based on the strategic development plan of the company to enhance its machine vision algorithm capabilities in response to increasing customer demands [4]. Impact of Postponement - The postponement will not change the investment content or the implementation subject of the project and is not expected to have a significant adverse impact on the project's implementation [4]. - The decision aligns with the company's long-term development strategy and does not harm the interests of shareholders [4]. Opinions from Supervisory Bodies - The supervisory board agrees that the postponement does not alter the purpose of the raised funds or harm the interests of shareholders, viewing it as a reasonable adjustment based on actual project conditions [4]. - The sponsoring institution supports the decision, confirming that it complies with relevant regulations and does not affect the normal progress of the fundraising investment plan [4][5].

（一）审议通过《关于部分募集资金投资项目延期的议案》 公司对部分募投项目进行延期事项不存在变相改变募集资金用途和损害股 东及中小股东利益的情形。本次延期是公司根据募投项目的实际情况做出的合理 调度和科学安排，符合公司未来发展的战略要求，符合公司的长远利益和全体股 东的利益。同意公司对部分募投项目进行延期事项。 一、监事会会议召开情况 凌云光技术股份有限公司（以下简称"公司"）第二届监事会第十五次会议 于 2025 年 5 月 20 日以现场结合通讯方式在公司会议室召开。会议通知已于会前 通过邮件的方式送达公司全体监事。本次会议应出席监事 3 人，实际出席监事 3 人。会议由公司监事会主席卢源远先生召集并主持。会议的召集、召开程序符合 《公司法》和《公司章程》有关规定，会议决议合法、有效。 证券代码：688400 证券简称：凌云光 公告编号：2025-049 凌云光技术股份有限公司 二、监事会会议审议情况 本公司监事会及全体监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。 经与会监事审议表决，形成决议如下： 表决结果：同意 3 票，反对 0 票 ...

中国国际金融股份有限公司 根据中国证券监督管理委员会《关于同意凌云光技术股份有限公司首次公开发 行股票注册的批复》（证监许可〔2022〕719号）核准同意，公司首次公开发行人民 币普通股（A股）9,000万股（超额配售选择权行使前），每股发行价格为21.93元。 募集资金总额为人民币197,370.00万元，扣除发行费用（不含增值税）人民币 16,841.67万元，募集资金净额为人民币180,528.33万元。上述募集资金已全部到位， 并经天健会计师事务所（特殊普通合伙）审验，于2022年6月29日出具《验资报告》 （天健验〔2022〕6-39号）。 2022年8月4日，保荐机构（主承销商）全额行使超额配售选择权，公司在初始 发行9,000万股普通股的基础上额外发行1,350万股普通股，由此增加的募集资金总 额为29,605.50万元，扣除发行费用（不含增值税）2,079.27万元，超额配售募集资 金净额为27,526.23万元。保荐机构（主承销商）已于2022年8月5日将全额行使超额 配售选择权所对应的募集资金扣除承销费用（不含增值税）后划付给公司。天健会 1 计师事务所（特殊普通合伙）对本次行使超额配售选 ...

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 | 序号 | 工作内容 | 持续督导情况 | | --- | --- | --- | | 1 | 建立健全并有效执行持续督导工作制度，并针对具 体的持续督导工作制定相应的工作计划 | 保荐机构已建立并有效执行了持 续督导制度，并制定了相应的工 | | | | 作计划 | | | 根据中国证监会相关规定，在持续督导工作开始 | 保荐机构已与凌云光签订《保荐 | | 2 | 前，与上市公司或相关当事人签署持续督导协议， | 协议》，该协议明确了双方在持续 | | | 明确双方在持续督导期间的权利义务，并报上海证 | 督导期间的权利和义务，并报上 | | | 券交易所备案 | 海证券交易所备案 | | 3 | 持续督导期间，按照有关规定对上市公司违法违规 事项公开发表声明的，应于披露前向上海证券交易 | 2024 年度，凌云光在持续督导期 | | | | 间未发生按有关规定需保荐机构 | | | 所报告，并经上海证券交易所审核后在指定媒体上 | 公开发表声明的违法违规情况 | | | 公告 持续督导期间，上市公司或相关当事人出现违法违 | | | 4 | 规、违 ...

公司对募集资金采取了专户存储管理，设立了相关募集资金专项账户。募集 资金到账后，已全部存放于募集资金专项账户内，并与保荐机构、存放募集资金 的银行签署了募集资金三方/四方监管协议。 二、本次延期募投项目的基本情况 证券代码：688400 证券简称：凌云光 公告编号：2025-050 凌云光技术股份有限公司 关于部分募集资金投资项目延期的公告 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。 凌云光技术股份有限公司（以下简称"公司"）于 2025 年 5 月 20 日召开了 第二届董事会第十七次会议和第二届监事会第十五次会议，审议通过了《关于部 分募集资金投资项目延期的议案》，同意公司募集资金投资项目（以下简称"募 投项目"）"工业人工智能算法与软件平台研发项目"在募集资金投资用途及投 资规模不发生变更的情况下，对项目达到预定可使用状态的时间进行调整。保荐 机构中国国际金融股份有限公司（以下简称"保荐机构"）对上述事项出具了明 确同意的核查意见，本议案无需提交股东大会审议。 一、募集资金基本情况 根据中国证券监督管理委员会《关 ...

证券代码：688400 证券简称：凌云光 公告编号：2025-048 一、 会议召开和出席情况 （一） 股东大会召开的时间：2025 年 05 月 20 日 （二） 股东大会召开的地点：北京市海淀区翠湖南环路知识理性大厦 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： 凌云光技术股份有限公司 2024年年度股东大会决议公告 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 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： 本次会议是否有被否决议案：无 | 1、出席会议的股东和代理人人数 | 100 | | --- | --- | | 普通股股东人数 | 100 | | 2、出席会议的股东所持有的表决权数量 | 252,678,232 | | 普通股股东所持有表决权数量 | 252,678,232 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比 | 55.5441 | | 例（%） | | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 55.5441 | 注:计算出席会议的股东( ...