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]

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。 证券代码：688400 证券简称：凌云光 公告编号：2025-051 重要内容提示： ? 凌云光技术股份有限公司（以下简称"公司"）2024 年年度利润分配拟 派发现金分红的总额由 11,373,310.03 元（含税）调整为 11,372,872.15 元（含税）； ? 2025 年 4 月 1 日，公司完成了对部分回购股份的注销，公司总股本由 至本公告披露日期间，公司通过上海证券交易所交易系统以集中竞价交易方式累 计新增回购公司股份 17,515 股。截至本公告披露日，公司回购专用证券账户中 股份数量为 6,061,847 股，该部分股份不参与本次利润分配，因此公司实际参与 利润分配的股本总数为 454,914,886 股。公司按照维持每股分配比例不变的原则， 对 2024 年年度利润分配现金分红总额进行相应调整。 二、调整后利润分配方案 至本公告披露日期间，公司通过上海证券交易所交易系统以集 ...

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 ...

上述融资客大手笔净买入的科创板股中，从最新融资余额占流通市值比例看，算术平均值为4.39%，融 资余额占比最高的是容百科技，该股最新融资余额为11.71亿元，占流通市值的比例为13.26%，融资余 额占比较高的还有汇成股份、国科军工、臻镭科技，占比分别为11.45%、8.00%、7.74%。（数据宝） | 代码 | 简称 | 最新融资余额（万 | 环比增减金额（万 | 环比增减 | 当日涨跌幅 | | --- | --- | --- | --- | --- | --- | | | | 元） | 元） | （%） | （%） | | 688336 | 三生国 健 | 15511.65 | 8774.89 | 130.25 | 20.00 | | 688400 | 凌云光 | 41292.90 | 5406.04 | 15.06 | 5.74 | | 688018 | 乐鑫科 技 | 57644.28 | 3593.83 | 6.65 | 0.45 | | 688049 | 炬芯科 技 | 31230.41 | 2237.08 | 7.72 | 2.70 | | 688331 | 荣昌生 物 | 20367.14 ...

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].