Core Points - The report summarizes the financial performance of Luster Light Technology Co., Ltd. for the first half of 2025, highlighting significant growth in revenue and profit metrics [1][2] - The company reported a total asset increase of 10.73% compared to the end of the previous year, reaching approximately 6.04 billion RMB [1] - The net profit attributable to shareholders increased by 30.59% year-on-year, amounting to approximately 93.54 million RMB [1] Financial Performance - Total revenue for the reporting period was approximately 1.37 billion RMB, reflecting a year-on-year growth of 25.73% [1] - The total profit for the period was approximately 93.54 million RMB, which is a 30.59% increase compared to the same period last year [1] - The net profit attributable to shareholders, after deducting non-recurring gains and losses, was approximately 81.27 million RMB, showing an 11.87% increase year-on-year [1] Shareholder Information - As of the end of the reporting period, the total number of shareholders was 23,222 [2] - The largest shareholder, Yao Yi, holds 43.44% of the shares, amounting to 200,237,818 shares [2] - Other significant shareholders include Yang Yi with 5.11% and Wang Wentao with 2.97% [2]

Group 1 - The board of directors of Lingyun Technology Co., Ltd. held its 18th meeting of the second session, with all 9 directors present, confirming the legality and validity of the meeting [1][2] - The board approved the 2025 semi-annual report and its summary, stating that the report fairly reflects the company's financial status and operational results without any false records or omissions [1][2] - The board also approved the special report on the storage and actual use of raised funds, confirming compliance with relevant regulations and that there were no changes in the use of raised funds that could harm the interests of the company and its shareholders [2][3] Group 2 - The board approved the "Quality Improvement and Efficiency Enhancement" action plan, aimed at optimizing operations and governance while actively returning value to investors [2][3] - The board reviewed and approved the report on the use of previously raised funds, which was verified by Tianjian Accounting Firm, ensuring compliance with legal requirements [3][4] - The board approved the conclusion of several fundraising projects and the permanent allocation of surplus funds to working capital, enhancing the efficiency of fund utilization [4][5] Group 3 - The board approved the cancellation of the supervisory board and the revision of the company's articles of association, allowing the audit committee to assume the supervisory functions [4][5] - The board proposed to establish, revise, and abolish certain governance systems to promote standardized operations and improve internal governance mechanisms [5] - The board agreed to convene the second extraordinary general meeting of shareholders in 2025 on September 16, 2025, with a combination of on-site and online voting [5][6]

Meeting Overview - The second session of the Supervisory Board of Lingyun Technology Co., Ltd. was held on August 27, 2025, with all three supervisors present, confirming the legality and validity of the meeting [1]. Financial Report Approval - The Supervisory Board approved the 2025 Half-Year Report, affirming that it was prepared and reviewed in accordance with legal and regulatory requirements, accurately reflecting the company's financial status and operational results [1][2]. Fund Usage Report - The Board approved the Special Report on the storage and actual use of raised funds for the first half of 2025, confirming compliance with relevant regulations and proper management of the funds without any misuse [2][3]. Previous Fund Usage Report - A report on the usage of previously raised funds was prepared as of June 30, 2025, and verified by Tianjian Accounting Firm, ensuring transparency and compliance with legal standards [3]. Project Completion and Fund Reallocation - The Board approved the conclusion of certain fundraising projects and the permanent reallocation of surplus funds to support daily operations, enhancing the efficiency of fund usage [3][4]. Cancellation of Supervisory Board - The Board proposed the cancellation of the Supervisory Board and the revision of the Articles of Association, aligning with the latest legal requirements and ensuring no harm to shareholder interests [4][5].

Core Viewpoint - The report provides a detailed account of the fundraising activities and the utilization of the raised funds by Lingyun Optical Technology Co., Ltd. as of June 30, 2025, confirming compliance with regulatory guidelines and reflecting the company's financial management practices [1][2][3]. Fundraising and Storage - The company raised a total of RMB 1,973.70 million by issuing 90 million shares at RMB 21.93 per share, with net proceeds amounting to RMB 1,805.28 million after deducting underwriting and other fees [3]. - As of June 30, 2025, the company had a total of RMB 427.21 million in its fundraising accounts, with RMB 399.50 million invested in financial products [16]. Fund Utilization - The report indicates that the company has not changed the investment projects for the raised funds, and it has approved the use of funds for its wholly-owned subsidiary to implement specific projects [8][9]. - The company has allocated funds for various projects, including the Industrial Artificial Intelligence Taihu Industrial Base and the development of intelligent visual equipment, with a total investment of RMB 150 million planned for these initiatives [18]. Project Performance - The report highlights that the actual investment in projects has not deviated from the commitments made during the fundraising process, with no external transfers or replacements of the investment projects reported [11][12]. - The company has achieved a cumulative utilization rate of 28,083.06 for the Industrial Artificial Intelligence Taihu Industrial Base project, although it is still under construction and has not yet generated profits [20]. Cash Management - The company has been authorized to use up to RMB 170 million of idle funds for cash management, investing in safe and liquid financial products, with the aim of optimizing the use of funds [12][13]. - As of June 30, 2025, the company had not used any of the raised funds for share subscriptions, indicating a focus on project investment rather than equity financing [12][16].

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 部分募投项目结项并将节余募集资金永久补充流动资金事项的 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《证券发行上市保荐业务管理办法》《上市公司募集 资金监管规则》《上海证券交易所科创板股票上市规则》《上海证券交易所科创板上 市公司自律监管指引第1号——规范运作》等相关法律、法规和规范性文件的规定， 对凌云光部分募投项目结项并将节余募集资金永久补充流动资金事项进行了核查， 具体核查情况如下： 一、募集资金的基本情况 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 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〔202 ...

Group 1 - The company, Luster Light Technology Co., Ltd., will hold its second extraordinary general meeting of shareholders on September 16, 2025 [1][3] - The voting methods for the meeting include both on-site and online voting through the Shanghai Stock Exchange network voting system [1][3] - The registration date for shareholders to attend the meeting is September 9, 2025, and the registration process requires specific documentation [4][5] Group 2 - The meeting will review non-cumulative voting proposals that have been approved by the company's board and supervisory committee [2][5] - Shareholders must complete voting for all proposals before submission [5] - The company has provided detailed instructions for shareholders on how to vote, including the need for identity verification for online voting [3][4]

Core Viewpoint - The company aims to enhance investor returns and maintain shareholder interests through a comprehensive evaluation of its operational performance and governance, focusing on sustainable development and technological innovation in the machine vision industry [1][2]. Group 1: Business Performance - The company achieved a main revenue of 1.368 billion yuan, representing a 25.73% increase compared to the same period in 2024, with an operating profit of 91 million yuan, up 28.12% year-on-year [2]. - The ongoing application of AI algorithms across various sectors, including consumer electronics and renewable energy, highlights the company's competitive edge in "Vision + AI" solutions [2][3]. Group 2: Technological Advancements - The company has invested 218 million yuan in R&D in the first half of 2025, maintaining a leading R&D intensity, and has developed a comprehensive product line including various types of cameras [3][4]. - The integration of AI algorithms has led to significant improvements in machine vision accuracy, speed, and usability, with single devices capable of performing over 120 micro-level defect inspections in 1-3 minutes [3]. Group 3: Operational Management - The company has implemented five strategic initiatives to optimize management and enhance operational efficiency, including organizational restructuring and performance management [5]. - A fourth share repurchase plan has been initiated to incentivize core employees and align interests between employees, the company, and shareholders [5][6]. Group 4: Governance and Compliance - The company emphasizes risk prevention in internal operations and has established a dedicated ESG committee to integrate sustainability into its strategic planning [6]. - Enhanced information disclosure practices aim to improve transparency and investor understanding of the company's operations and R&D capabilities [6]. Group 5: Investment Strategy - The strategic acquisition of JAI has strengthened the company's product matrix in the machine vision sector, facilitating faster product development cycles [7]. - The company is actively exploring investment opportunities in core technology areas, including chips and lenses, to enhance its upstream industry ecosystem [7]. Group 6: Shareholder Returns - The company has consistently implemented cash dividends since its listing in 2022, with a payout ratio exceeding 30%, and is currently in the process of a fourth share repurchase [8]. - Future plans include balancing performance growth with shareholder returns to ensure long-term investment value [8].

Core Viewpoint - The company has approved the use of temporarily idle raised funds, up to a maximum of RMB 600 million, for cash management products, ensuring that normal operations and investment plans are not affected [1] Group 1: Cash Management Account Setup - The company has established dedicated settlement accounts for cash management products, including structured deposits, at various banks [2] - The accounts will only be used for managing temporarily idle raised funds and will not be used for non-raised funds or other purposes [2] Group 2: Risk Control Measures - The company will adhere to relevant regulations and internal policies when conducting cash management activities [3] - The company will monitor investment products closely and maintain communication with financial institutions to manage risks effectively [4] Group 3: Impact on the Company - Utilizing idle raised funds for cash management will not affect the company's daily cash flow needs or the normal operation of investment projects [4] - This strategy aims to enhance fund utilization efficiency and generate additional returns for shareholders [4]

证券代码：688400 证券简称：凌云光 公告编号：2025-067 凌云光技术股份有限公司 关于 2025 年半年度计提资产减值准备的公告 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。 一、计提资产减值准备情况概述 结合公司的实际经营情况及行业市场变化等因素的影响，根据《企业会计准 则》及凌云光技术股份有限公司（以下简称"公司"）会计政策、会计估计的相 关规定，为客观、公允地反映公司截至 2025 年 6 月 30 日的财务状况和经营成果， 公司及子公司对截至 2025 年 6 月 30 日公司资产进行了减值测试，本着谨慎性原 则，公司 2025 年半年度确认信用减值损失 1,463.28 万元、资产减值损失 1,050.00 万元，共计 2,513.28 万元，明细如下： 单位：人民币万元 项目 本期计提金额 备注 主要系应收票据坏账损失、应收账款坏账损 信用减值损失 1,463.28 失、应收款项融资坏账损失、其他应收款坏 账损失 合计 2,513.28 二、计提资产减值准备具体说明 （一）信用减值损失 资产负债表 ...

Summary of Key Points Core Viewpoint The report provides a detailed account of the fundraising activities and the utilization of raised funds by Lingyun Technology Co., Ltd. for the first half of 2025, ensuring compliance with regulatory requirements and transparency in financial management. Fundraising Overview - The total amount raised through the initial public offering (IPO) was RMB 197,370 million, with a net amount of RMB 180,528.33 million after deducting issuance costs [1] - An additional RMB 27,526.23 million was raised through the full exercise of the over-allotment option, bringing the total net fundraising to RMB 208,054.56 million [1] Fund Utilization and Balance - As of June 30, 2025, the company had utilized RMB 104,206.47 million for project investments and had a net interest income of RMB 9,103.51 million [2] - The remaining balance of the raised funds was RMB 46,163.01 million, with no discrepancies reported between the expected and actual balances [2][3] Fund Management Practices - The company has established a dedicated fund management system, including the opening of special accounts for fundraising and signing tripartite agreements with banks and sponsors to ensure proper fund storage and usage [2] - As of June 30, 2025, the company maintained nine fundraising special accounts and three fixed deposit accounts, with a total balance of RMB 461,630,108.09 [2] Project Funding Status - The report indicates that there were no instances of using raised funds to replace pre-invested project funds or to supplement working capital during the reporting period [3] - The company has approved the use of temporarily idle funds for cash management, allowing for investments in safe and liquid financial products up to RMB 120,000 million [2][3] Changes in Funded Projects - There were no changes in the fundraising projects or their implementation during the reporting period, and no projects were transferred or replaced [3] - The company has extended the timeline for certain projects without altering their investment purposes or scales, particularly for the "Industrial AI Algorithm and Software Platform R&D Project" [3][4]