Core Viewpoint - The company, Jufei Optoelectronics (300303.SZ), announced a share buyback program, indicating a commitment to returning value to shareholders and potentially signaling confidence in its future performance [1] Group 1: Share Buyback Details - The company repurchased a total of 9,913,700 shares, which represents 0.7003% of its total share capital [1] - The highest transaction price during the buyback was 7.11 yuan per share, while the lowest was 5.82 yuan per share [1] - The total amount spent on the buyback was 64,361,376.00 yuan, excluding transaction fees [1]

Core Viewpoint - The company, Jufei Optoelectronics, announced a stock buyback plan, indicating a commitment to enhancing shareholder value through the repurchase of its own shares [1] Group 1: Company Actions - As of December 31, 2025, the company has repurchased a total of 9,913,700 shares [1] - The repurchased shares account for 0.7003% of the company's total share capital [1]

Core Viewpoint - The company, Jufei Optoelectronics, has not yet applied its optical sensors in humanoid robots but is actively monitoring new technologies and trends in the industry [2] Group 1 - The company is closely following the development of new technologies and trends [2] - The company is committed to in-depth research in the industry and actively exploring new fields [2] - The company aims to make reasonable layouts based on its research and market observations [2]

Group 1 - The company Jufei Optoelectronics announced a stock buyback plan, intending to repurchase approximately 9.91 million shares, which represents 0.7003% of its total share capital [1] - The buyback will be conducted through a centralized bidding transaction, with a maximum transaction price of 7.11 yuan per share and a minimum price of 5.82 yuan per share [1] - The total amount for the buyback is approximately 64.36 million yuan [1] Group 2 - The iMaotai App saw a surge in popularity, reaching the top of the Apple shopping chart, with 100,000 users placing orders for the newly launched 1499 yuan Feitian Moutai [1] - The product sold out quickly, with 1,000 boxes being sold in a short period, indicating strong demand in the market [1]

证券代码：300303 证券简称：聚飞光电 公告编号：2026-001 深圳市聚飞光电股份有限公司 一、回购公司股份的情况 截至 2025 年 12 月 31 日，公司通过股票回购专用证券账户以集中竞价交易方式 - 1 - 回购公司股份 9,913,700 股，占公司总股本的 0.7003%，最高成交价为 7.11 元/股， 最低成交价为 5.82 元/股，成交总金额为 64,361,376.00 元（不含交易费用）。 关于回购公司股份的进展公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 深圳市聚飞光电股份有限公司（以下简称"公司"）于 2025 年 4 月 18 日召开的 第六届董事会第六次会议、第六届监事会第六次会议审议通过了《关于<回购公司股 份方案>的议案》，公司拟使用自有资金或自筹资金以集中竞价交易方式回购公司部 分社会公众股股份。公司回购股份的种类为公司发行的人民币普通股（A 股），本次 回购的股份将用于后续实施员工持股计划或者股权激励，若公司未能在股份回购完成 后的 36 个月内用于上述用途，未使用部分将予以注销。本次回购股份资金不低于人 ...

Core Viewpoint - The company, Jufei Optoelectronics (300303.SZ), has stated that its optical sensors are not yet applied in humanoid robots [1] Company Summary - Jufei Optoelectronics is currently not utilizing its optical sensors in the development or production of humanoid robots [1]

Investment Rating - The report maintains an "Outperform" rating for the home appliance industry, specifically focusing on the Mini LED segment [2]. Core Insights - The Mini LED technology is positioned as a core driver of transformation in the black electrical appliance sector, with significant advancements in display technology and market penetration expected [16][17]. - The report highlights a shift in consumer preferences towards larger screen sizes and superior picture quality, which Mini LED technology addresses effectively [21][34]. - The competitive landscape is evolving, with domestic brands leveraging cost advantages and government subsidies to enhance market share both locally and internationally [6][49]. Summary by Sections 1. Mini LED as the Core Driver of Black Electrical Transformation - Mini LED technology represents the third generation of display technology, competing with OLED and other emerging technologies [18]. - The performance of Mini LED displays, particularly in brightness and longevity, positions it favorably against OLED, which excels in flexibility and contrast [21][22]. - The global sales of Mini LED TVs are projected to surpass those of OLED TVs for the first time in 2024, with a significant increase in market penetration expected [22][24]. 2. Building High Barriers in the Mini LED Supply Chain - The report discusses the optimization of the Mini LED backlight industry and the advantages of high-generation panel layouts, which strengthen the competitive position of domestic manufacturers [2.1][2.2]. - The cost of 65-inch Mini LED backlight modules is expected to decrease significantly from $150 in 2023 to a range of $80-100 by 2025, enhancing profitability for domestic suppliers [2.3]. - The report emphasizes the importance of the supply chain's evolution, with key players like 聚飞光电 and 京东方 showing strong revenue growth and margin improvements [2.4][54]. 3. Domestic Brands Expanding Internationally with Mini LED - Chinese brands are strategically entering high-value markets in the U.S. and Europe, capitalizing on the mismatch in supply and demand for high-end televisions [3.1][3.2]. - The report notes that the average size of televisions in China is expected to exceed the global average by 11.3 inches by 2025, indicating a strong trend towards larger displays [5]. - The competitive dynamics are shifting, with Chinese brands like TCL and Hisense aggressively expanding their presence in emerging markets while traditional Korean brands adopt a more conservative approach [5][6]. 4. Market Dynamics and Consumer Preferences - The report identifies a significant shift in consumer purchasing criteria, with an increasing focus on picture quality and size rather than just price [41]. - The penetration of Mini LED technology is driven by a cycle of price reduction and increased demand, which is expected to continue as production costs decrease [46][49]. - The sales data from 京东 indicates a substantial increase in the market share of Mini LED TVs, reflecting the successful implementation of competitive pricing strategies by brands like 小米 [46][49].

Core Viewpoint - The financial performance and trading activity of Jufei Optoelectronics indicate a mixed outlook, with revenue growth but a decline in net profit, alongside significant trading volumes in margin financing and securities lending [1][2]. Group 1: Financial Performance - For the period from January to September 2025, Jufei Optoelectronics achieved operating revenue of 2.585 billion yuan, representing a year-on-year increase of 17.07% [2]. - The net profit attributable to shareholders for the same period was 211 million yuan, reflecting a year-on-year decrease of 7.66% [2]. - Cumulatively, since its A-share listing, the company has distributed a total of 1.201 billion yuan in dividends, with 447 million yuan distributed over the past three years [2]. Group 2: Shareholder and Trading Activity - As of September 30, 2025, the number of shareholders for Jufei Optoelectronics was 88,300, a decrease of 1.77% from the previous period [2]. - The average number of circulating shares per shareholder increased by 2.34% to 15,037 shares [2]. - On December 29, 2023, the company experienced a financing buy-in of 17.4993 million yuan, with a net financing outflow of 17.5194 million yuan, indicating a high level of trading activity [1].

Group 1 - The core viewpoint of the article is that Jufei Optoelectronics (300303) has confirmed the application of its optical modules in optical switches, while the company currently does not have optical isolator products [1] Group 2 - The company engages with investors through an interactive platform, indicating a level of transparency and communication with stakeholders [1] - The mention of optical modules suggests potential growth opportunities in the optical communication sector [1] - The absence of optical isolator products may indicate a gap in the company's product offerings, which could be a consideration for future product development [1]

Core Viewpoint - The company, Jufei Optoelectronics (300303), indicates that as of now, the shipment proportion of MicroLED products is relatively small, while MiniLED remains the mainstream application in the market [1] Group 1: Company Insights - Jufei Optoelectronics is actively monitoring the development of cutting-edge technologies to enhance its product performance [1] - The company aims to meet the increasing quality demands of the market through continuous improvement of its products [1] Group 2: Industry Trends - MiniLED technology is currently the dominant application solution in the market, with MicroLED products still in the early stages of adoption [1]