Group 1: Automotive Business Development - The company has achieved an annual shipment of AR-HUD products exceeding hundreds of thousands, maintaining close cooperation with clients like Changan Deep Blue, Hongqi, and Great Wall, positioning itself among the industry leaders in market share [2] - Despite pricing pressures in the automotive market, the company sees rapid penetration of HUD technology and a broad market space, focusing on cost reduction and high-quality client acquisition to enhance profitability in the coming years [2] Group 2: AR Glasses and Optical Components - The company has over a decade of experience in the AR field, focusing on optical products such as waveguide plates, which are critical components with high cost in consumer-grade AR glasses, indicating potential for significant growth [3] - The company emphasizes the development of reflective waveguide technology, which offers superior display quality and a wide field of view, although mass production remains a global challenge [3] Group 3: Strategic Transformation and Resource Allocation - 2025 is identified as a crucial transformation year for the company, necessitating enhancements in organization, operations, talent, and management to ensure successful project execution [4] - The company prioritizes R&D investments aligned with strategic focuses on AR and semiconductor optics, emphasizing projects with high profitability and competitive barriers [4] Group 4: Robotics and Future Market Prospects - The company is exploring the humanoid robot sector, which requires numerous optical components, particularly 3D sensing elements for spatial awareness, indicating a promising market outlook in AR, VR, and humanoid robotics [5]

证券代码:002273 2 证券简称:水晶光电 浙江水晶光电科技股份有限公司投资者关系活动记录表 编号: 2024013 | | ☑ 特定対象调研 □分析师会议 | | --- | --- | | 投资者关系活动 类别 | □业绩说明会 □媒体采访 | | | □新闻发布会 □路演活动 | | | □现场参观 □其他 | | 参与单位名称 | 上海九颂山河股权投资基金管理有限公司、上海祥达股权投资基金管理有限公司 | | 时间 | 2024 年 12 月 31 日 | | 形式 | 线上调研 | | 上市公司接待人 | 副总经理兼董事会秘书 韩莉 | | 员姓名 | | | 投资者关系活动 | 1、问:请问公司的研发实力和竞争力体现在哪里? | | 主要内容介绍 | 答:公司在过去三五年在研发上的投入逐年增长,截至2023年末公司研发人 | | | 员规模超千人,占员工总数比例超 10%,在制造业中属于研发投入较高的企业。体 | | | 现在产品上,过去公司以提供产品加工服务为主,但现在公司为客户提供光学解决 | | | 方案,助力客户实现产品量产落地,从制造型向技术型转型。客户对公司的认知也 | | | 由 ...

Business Performance and Strategy - The company's automotive business currently contributes a small portion to overall revenue, with domestic customers and TFT-based AR-HUD solutions being the main focus [2] - Future profitability in the automotive sector is expected to improve with increased HUD penetration, adoption of high-end LCOS solutions, and overseas customer projects transitioning to mass production [2] - The company implemented cost-saving measures ("Two Reductions, Three Cuts") in 2023, resulting in significant reductions in management and R&D expenses [2] - For 2024, the company plans to continue cost optimization efforts to support business development [2] International Expansion and Manufacturing - The Vietnam Phase II factory is expected to be operational in Q1 2024, enhancing international capabilities and management expertise [2] - The company has established a global presence with Vietnam and Singapore bases to mitigate potential tariff impacts [2] Product Development and Market Position - The company maintains a diversified product portfolio, balancing market share, pricing, and profitability across existing and new businesses [2] - For 2025, the company anticipates a significant transition period, moving from partnership to strategic partnership status with major clients [4] - Multiple concurrent development projects with major clients are underway, marking a record high in project volume [4] Optical Technology and AR Applications - The company is actively collaborating with major clients on AR glasses, focusing on near-eye display systems and 3D sensing components [6] - Significant progress has been made in reflective waveguide technology, with the company leveraging its 20+ years of optical expertise to address mass production challenges [6] - The company maintains a strategic partnership with Digilens for holographic waveguide solutions [6] Financial Performance - Q3 2023 saw improved gross margins due to increased shipments across five major business segments, particularly in micro-prism modules [8] - Operational efficiency improvements, including cost control and equipment utilization, contributed to the margin enhancement [8] Market Trends and Outlook - The smart glasses industry is expected to grow rapidly with advancements in AI, hardware, and software ecosystems [6] - The company is well-positioned in the AR glasses supply chain, providing optical components and wafers with significant global market share [6]

浙江水晶光电科技股份有限公司投资者关系活动记录表 1 证券代码：002273 证券简称：水晶光电 编号：2024011 | --- | --- | --- | |-------------------------|------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------| | \n投资者关系活动 \n类别 | 特定对象调研 \n 媒体采访 \n 新闻发布会 \n 现场参观 | 分析师会议 \n 业绩说明会 \n 路演活动 \n 其他 | | 参与单位名称 | 睿扬投资 财通研究所 财通资管 | | | 时间 | 2024 年 12 月 25 日 | 14:00-15:00 | | 形式 | 线下调研 | | | 上市公司接待人 员姓名 | 副总经理兼董 ...

关于控股股东股权质押的公告 证券代码：002273 股票简称：水晶光电 公告编号：（2024）086 号 浙江水晶光电科技股份有限公司 | | | | | | | | 已质押股份 | | 未质押股份 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | 情况 | | 情况 | | | | | | 本次质押前 | 本次质押后 | 占其所 | 占公 | 已质 押股 | | 未质 | | | 股东名称 | 持股数量（股） | 持股 | 质押股份数 | 质押股份数 | 持股份 | 司总 | 份限 | 占已 | 押股 | 占未 | | | | 比例 | 量（股） | 量（股） | 比例 | 股本 | 售和 | 质押 | 份限 | 质押 | | | | | | | | 比例 | 冻结、 | 股份 | 售和 | 股份 | | | | | | | | | 标记 | 比例 | 冻结 数量 | 比例 | | | | | | | | | 数量 | | （股） | | | | | | | | | | （股） | ...

证券代码：002273 股票简称：水晶光电 公告编号：（2024）085 号 浙江水晶光电科技股份有限公司 关于董事、高级管理人员减持股份预披露公告 公司董事长林敏先生，董事、副总经理李夏云女士，副总经理王保新先生保证向本公司 提供的信息内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 1、浙江水晶光电科技股份有限公司（以下简称"公司"或"本公司"）董事长林敏先生持有 本公司股份 25,891,605 股（占公司剔除回购专用账户中股份数量后的总股本比例为 1.88%），计划 自本公告披露之日起 15 个交易日后的 3 个月内，以集中竞价或大宗交易方式合计减持公司股份不 超过 2,500,000 股（占公司剔除回购专用账户中股份数量后的总股本比例不超过 0.18%）。 2、公司董事、副总经理李夏云女士持有本公司股份 8,956,000 股（占公司剔除回购专用账户 中股份数量后的总股本比例为 0.65%），计划自本公告披露之日起 15 个交易日后的 3 个月内，以集 中竞价或大宗交易方式合计减持公司股份不超过 1,000,000 股（占公司剔除回购专用账户中股份数 量后的总股本比例不超过 0.07%）。 ...

备注：上述表格数据如有尾差，系四舍五入所造成。 二、股东股份累计被质押的情况 浙江水晶光电科技股份有限公司（以下简称"公司"或"本公司"）近日接到控股股东星 星集团有限公司（以下简称"星星集团"）函告，获悉星星集团所持有本公司的部分股份解除 质押，具体事项如下： | 股东 | 是否为控股 股东或第一 | 本次解除质押 | | 占其所 持股份 | 占公司 总股本 | 起始日 | | | 解除日期 | 质权人 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 | 大股东及其 | 股份数量 | | 比例 | 比例 | | | | | | | | 一致行动人 | | | | | | | | | | | 星星 | 是 | 250 | 万股 | 2.02% | 0.18% | 年 2021 | 10 | 2024 | 年 12 | 华夏银行股 份有限公司 | | 集团 | | | | | | 月 28 | 日 | 月 | 9 日 | | | | | | | | | | | | | 台州分行 | | 星星 | 是 | 176 ...

公司近日收到叶仙玉先生家属的通知，有关监察机关已解除对叶仙玉先生的留置措施。 目前公司业务经营管理情况正常。 特此公告。 浙江水晶光电科技股份有限公司董事会 2024年12月7日 证券代码：002273 股票简称：水晶光电 公告编号：（2024）083 号 浙江水晶光电科技股份有限公司 关于其他事项的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记载、误 导性陈述或重大遗漏。 浙江水晶光电科技股份有限公司（以下简称"公司"）于 2024 年 7 月 12 日披露了《关 于其他事项的公告》（公告编号：（2024）055 号），公司实际控制人叶仙玉先生被有关监 察机关采取留置措施。 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [3] Core Insights - The company reported a revenue of 4.71 billion yuan for the first three quarters of 2024, representing a year-on-year growth of 32.69%, and a net profit attributable to shareholders of 862 million yuan, which is a year-on-year increase of 96.77% [3] - The third quarter revenue was 2.055 billion yuan, showing a year-on-year growth of 21.19%, with a net profit of 435 million yuan, up 66.99% year-on-year [3] - The gross margin and net margin for Q3 were 36.71% and 21.39%, respectively, reflecting an increase of 8.14 percentage points and 5.79 percentage points year-on-year, attributed to product mix adjustments and improved internal management efficiency [3] - The company's growth is primarily driven by micro-prism and film optics products, benefiting from market demand expansion and increased smartphone shipments [3] - The company has a strong position in the optical field and is actively expanding into overseas markets [3] Financial Summary - Revenue for 2024 is projected to be 6.73 billion yuan, with a growth rate of 32.63% [5] - Net profit for 2024 is expected to reach 1.096 billion yuan, reflecting a growth rate of 82.67% [5] - The estimated earnings per share (EPS) for 2024 is 0.79 yuan, with a projected P/E ratio of 28.03 [5] - The company’s total assets are expected to grow from 11.255 billion yuan in 2023 to 12.199 billion yuan in 2024 [5] - The return on equity (ROE) is projected to increase to 11.68% in 2024 [5]

Company Overview - Crystal Optoelectronics was established in 2002 and entered the high-end camera market in Japan in 2004, maintaining a significant market share in the camera sector [1] - The company transitioned to the rapidly growing smartphone market and entered the North American supply chain in 2012, evolving from a secondary supplier to a primary supplier and participating in ODM projects [1][2] Product Development and Market Position - Before 2018, the main revenue source was the RICF (Infrared Cut Filter) product, where the company was a secondary supplier to North American clients [2] - In 2020, the company became a primary supplier through thin film optical panel products, establishing direct cooperation with clients [2] - The company has developed eight core technologies, including optical film design and precision optical processing, leading to a diversified product range [2] Financial Performance and Growth Drivers - The main growth drivers for the company in 2023 were the micro-prism and thin film optical panel products, with significant revenue increases due to market demand and smartphone shipment growth [3] - The company’s automotive sector, initiated in 2019 with the AR-HUD product, saw rapid growth, with shipments exceeding hundreds of thousands in 2023 [3] Challenges and Strategic Responses - The company faces pricing pressures in the automotive sector due to intense competition in the new energy vehicle market, requiring adjustments in strategy and increased focus on overseas brands [3] - The penetration rate of spin-coated filters in the Android market remains low, impacting demand and requiring a focus on improving client penetration rates [3][4] Future Outlook - The company is positioned to enhance its supply chain relationships and is optimistic about new business growth opportunities, particularly in spin-coated filters [4] - The company has established bases in Vietnam and Singapore to mitigate risks from international trade policies and is prepared to adapt strategies based on market changes [4]