一、持续督导工作情况 中国国际金融股份有限公司（以下简称"中金公司（601995）"或"保荐机构"）根据《证券发行上市保荐 业务管理办法（2023年2月修订）》《上海证券交易所科创板股票上市规则（2025年4月修订）》和《上 海证券交易所上市公司自律监管指引第11号——持续督导》等相关规定对凌云光技术股份有限公司（以 下简称"凌云光"或"公司"）进行持续督导（持续督导期间为2025年1月1日至2025年6月30日），并出具 本持续督导半年度跟踪报告。 二、保荐机构和保荐代表人发现的问题及整改情况 2025年上半年，公司不存在需要整改的情况。 三、重大风险事项 公司面临的风险因素主要如下： （一）核心竞争力风险 1、产品开发无法满足下游应用需求的风险 公司所处行业具有技术革新频繁的特征，其下游行业的应用需求也处于高速迭代期，因此行业产品的生 命周期大大缩短。如何快速将技术转化为多元化的产品从而服务于客户，是公司在行业竞争中胜出的关 键。中国机器视觉处于快速发展期，下游可覆盖消费电子、半导体、新能源、汽车、新型显示、包装等 多个领域，这些下游应用行业普遍具有技术密集、产品更新换代频繁等特征。如果未来公司的设计研发 ...

Core Insights - Lingyun Optoelectronics (688400) reported a closing price of 40.87 yuan on September 11, 2025, with a market capitalization of 18.84 billion yuan, reflecting a 5.42% increase from the previous trading day [1] - The company achieved a revenue of 1.368 billion yuan in the first half of 2025, representing a year-on-year growth of 25.73%, while net profit reached 96.08 million yuan, up 10.10% year-on-year [1] - Research and development expenses accounted for 15.96% of total revenue, with a total of 827 patents held by the company [1] Company Governance and Risks - The company's governance, internal control, and information disclosure systems are effectively implemented, with no violations or issues requiring statements from the sponsor [1] - Risks identified include goodwill impairment from the acquisition of JAI, technological development lag, talent loss, and technology leakage [1] - Operational risks involve intensified market competition, increased management difficulties, and merger integration risks [1] - Financial risks primarily consist of accounts receivable, inventory, exchange rate fluctuations, and goodwill impairment risks [1] - The use of raised funds is compliant, and there are no pledges or freezes on shares held by the controlling shareholder and related parties, although some executives have reduced their holdings due to personal financial needs [1]

证券日报网讯凌云光9月11日在互动平台回答投资者提问时表示，截至2025年8月20日，公司股东25， 569户。 ...

Core Viewpoint - The company is introducing a photonic integrated chip design and packaging solution that utilizes 3D lithography technology, which enhances precision and reduces signal attenuation, making it suitable for industrial mass production [1] Group 1 - The solution employs polymer waveguides of arbitrary shapes, replacing traditional lens coupling with photonic wire bonding [1] - The technology is particularly applicable for CPO/OIO small-sized multi-channel packaging [1] - The advantages include high alignment accuracy and reduced optical signal loss, which are critical for industrial applications [1]

Core Viewpoint - The company, Lingyun Guang (688400.SH), has developed the FZMotion motion capture system, which plays a crucial role in evaluating production robots before they leave the factory, acting as a "referee" for pre-shipment assessments [1] Group 1 - The FZMotion system effectively assists in measuring production robots' performance indicators and action consistency before delivery [1] - The company leverages its motion capture technology to create innovative solutions for embodied intelligence applications, covering the entire process from perception to decision-making to action [1] - The system utilizes sub-millimeter optical motion capture technology combined with multi-modal force and touch data synchronization, significantly enhancing data accuracy [1] Group 2 - The company has developed proprietary algorithms for robot skeletal redirection and reinforcement learning simulation training, which improve the learning efficiency of humanoid robots [1]

Core Viewpoint - Lingyun Guang (688400.SH) holds a small percentage of shares in Zhipu Huazhang and is actively exploring and collaborating with Zhipu in the fields of industrial big data and meta-vision business [1] Group 1 - The company has launched applications such as sign language digital humans and smart e-commerce live streaming platforms in collaboration with Zhipu Huazhang [1]

格隆汇9月11日丨凌云光(688400.SH)在投资者互动平台表示，公司应用于人形机器人的光学动捕系统应 用于多家国内机器人厂商和多地的数据采集中心，具体客户合作规模与项目的进展请以公告和官方公开 信息为准。 ...

格隆汇9月11日丨凌云光(688400.SH)在投资者互动平台表示，公司小比例持有智谱华章的股份。公司与 智谱在工业大数据、元客视界业务上积极进行探索与合作，目前已经推出手语数字人、数智电商直播平 台等应用。 ...

格隆汇9月11日丨凌云光(688400.SH)在投资者互动平台表示，公司FZMotion动捕系统可较好的助力量产 机器人出厂前的指标测评、动作一致性测评，充当出厂前裁判员角色；公司依托于运动捕捉系统，实现 具身智能应用从感知-决策-行动"的创新性解决方案，通过亚毫米级的光学动捕技术+力触多模态数据同 步融合，实现了精准感知，大幅度提升数据精度；通过独家自研的机器人骨骼重定向算法+强化学习仿 真训练，提升人形机器人学习效率。 ...

中国国际金融股份有限公司 关于 2025 年半年度持续督导跟踪报告 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"）根据 《证券发行上市保荐业务管理办法（2023 年 2 月修订）》《上海证券交易所科创 板股票上市规则（2025 年 4 月修订）》和《上海证券交易所上市公司自律监管指 引第 11 号——持续督导》等相关规定对凌云光技术股份有限公司（以下简称"凌 云光"或"公司"）进行持续督导（持续督导期间为 2025 年 1 月 1 日至 2025 年 6 月 30 日），并出具本持续督导半年度跟踪报告。 | 一、持续督导工作情况 | | --- | | 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 | 保荐机构已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 | | | 工作计划 | 应的工作计划 | | | 根据中国证监会相关规定，在持续督导工 作开始前，与上市公司或相关当事人签署 | 保荐机构已与凌云光签署《保荐协议》，该 | | 2 | 持续督导 ...