Investment Rating - The report does not explicitly state an investment rating for the optical optoelectronics industry or the specific company involved in the research Core Insights - The company has established deep cooperation with Yiwentech in the AR/AI glasses business, anticipating a continuous increase in product shipments as the market grows [18] - The company is actively expanding its market for AR/AI glasses and has formed partnerships with well-known domestic companies [18] - The traditional IoT visual sector is experiencing steady growth in overseas markets, while domestic demand is benefiting from the trend of equipment intelligence upgrades [18] - The company has a competitive advantage in the smart driving sector, with significant projects underway for millimeter-wave radar and HD camera systems [19] - The company is also providing customized optical components for industry leader DJI in the drone sector [20] - The company emphasizes its technological capabilities, including core technologies in optical lens design and manufacturing, which contribute to its competitive edge [20] Summary by Sections 01 Basic Research Information - The research was conducted on March 11, 2025, focusing on the optical optoelectronics industry, with participation from Hainan Shangshan Rushi Private Equity [13] 02 Detailed Research Institutions - The research involved Hainan Shangshan Rushi Private Equity, a fund management company [16] 04 Main Content Information - The company is expanding its product lines, including infrared lenses, which are crucial for enhancing its market competitiveness [20] - The company maintains a strong focus on technology and innovation, aiming to create long-term value through continuous R&D investment [20]

投资者关系活动记录表 | |  特定对象调研 □分析师会议 | | --- | --- | | 投资者关系 | □媒体采访 □业绩说明会 | | 活动类别 | □新闻发布会 □路演活动 | | | □现场参观 □其他 | | 参与单位名称 | 海南上善如是私募基金管理合伙企业（有限合伙） | | 及人员姓名 | | | 时间 | 2025 年 3 月 11 日 (星期二) | | 地点 | 公司办公室 | | 上市公司 | 副总经理、财务总监、董事会秘书：郭耀明 | | 接待人员姓名 | 董事会办公室：黄奕瑞 | | | 投资者提出的问题及公司回复情况如下： 问题 1、请介绍下和逸文的合作方式。 | | 投资者关系活动 | 答：公司于 年开拓了 眼镜业务，已与逸文科技在 2024 AR/AI | | 主要内容介绍 | 产品设计、研发及加工等方面达成深度合作，随着产品逐步成熟、 | | | 市场规模的增长，预计公司 AR/AI 眼镜产品的出货规模将持续提 | | | 升。公司积极开拓 眼镜相关产品的市场，与国内知名企业 AR/AI | | | 乐相（大朋）、小派、亮亮视野、纳德等达成了友好的合作关系。 | 证 ...

2、本次权益变动后，王毅仁先生持有公司股份 13,452,356 股，占公司总股 本的 4.99997%，不再是公司持股 5%以上股东。 公司于 2025 年 2 月 10 日披露了《关于持股 5%以上股东减持计划的预披露 公告》《公告编号：2025-001》，股东王毅仁先生持有公司股份 13,783,956 股， 占公司总股本的 5.12322%，其计划于减持预披露公告披露之日起 15 个交易日后 的 3 个月内（即 2025 年 3 月 4 日至 2025 年 6 月 3 日），通过集中竞价或大宗交 易的方式合计减持公司股份不超过 1,345,243 股，占公司总股本的 0.50000%。 近日，公司收到王毅仁先生出具的《简式权益变动报告书》，其通过集中竞 价方式减持公司股份 331,600 股，占公司总股本的 0.12325%。本次权益变动后， 王毅仁先生持有公司股份 13,452,356 股，占总股本的 4.99997%，不再是公司持 股 5%以上股东。现将相关情况公告如下： 中山联合光电科技股份有限公司 关于持股 5%以上股东减持至 5%以下 暨权益变动的提示性公告 持股 5%以上股东王毅仁先生保证 ...

中山联合光电科技股份有限公司 简式权益变动报告书 上司公司名称：中山联合光电科技股份有限公司 股票上市地点：深圳证券交易所 股票简称：联合光电 股票代码：300691 信息披露义务人：王毅仁 通讯地址：广东省东莞市厚街镇 股权变动性质：股份减少，持股比例降至5%以下 签署日期：2025年3月7日 中山联合光电科技股份有限公司 简式权益变动报告书 信息披露义务人声明 一、本报告书系信息披露义务人依据《中华人民共和国证券法》《上市公司收 购管理办法》《公开发行证券公司信息披露内容与格式准则第15号—权益变动报告 书》及相关的法律、法规和规范性文件编写。 二、信息披露义务人签署本报告书已获得必要的授权和批准，其履行亦不违反 信息披露义务人章程或内部规则中的任何条款，或与之相冲突。 三、依据《中华人民共和国证券法》《上市公司收购管理办法》的规定，本报 告书已全面披露信息披露义务人在中山联合光电科技股份有限公司中拥有权益的股 份变动情况。 截至本报告书签署之日，除本报告书披露的信息外，上述信息披露义务人没有 通过任何其他方式增加或减少其在上市公司中拥有权益的股份。 | | | | 第一节 | 释 义 | 3 | | - ...

证券代码：300691 证券简称：联合光电 编号：2025-3-6 中山联合光电科技股份有限公司 投资者关系活动记录表 | |  特定对象调研 □分析师会议 | | --- | --- | | 投资者关系 | □媒体采访 □业绩说明会 | | 活动类别 | □新闻发布会 □路演活动 | | | □现场参观 □其他 | | 参与单位名称 | 闻天私募证券投资基金管理(广州)有限公司； | | 及人员姓名 | 中欧基金管理有限公司。 | | 时间 | 年 月 日 2025 3 6 (星期四) | | 地点 | 公司办公室、线上（腾讯会议） | | 上市公司 | 董事会办公室：黄奕瑞 | | 接待人员姓名 | | | | 投资者提出的问题及公司回复情况如下： | | | 问题 1、公司 2024 年收购了西安微普公司，请问是基于怎样 | | 投资者关系活动 | 的战略规划？ | | 主要内容介绍 | 答：西安微普主要从事光电专业产品设计、生产、系统集成以 | | | 及相关测试，在中波红外变焦镜头、激光通信光学分系统、离轴扩 | | | 束设备方面具备生产能力、核心技术及设计优势，产品已覆盖可见 | | | 光、 ...

Group 1: IoT Visual Business - The IoT visual business accounts for over 60% of the company's revenue in 2023 [3] - The company holds a leading global market share in high-definition zoom lenses (20x and above) for IoT visual monitoring [2] - The gross margin for this segment has remained stable over the years [2] Group 2: Product Offerings - Core products in the IoT visual field include high-definition and high-zoom lenses, widely used in high-end visual monitoring and recording devices [4] - The consumer electronics segment includes products for video conferencing, smartphones, smart homes, drones, and medical devices, with smartphone lenses primarily supplied to module manufacturers [5] Group 3: AR/AI Glasses and Optical Solutions - The company launched its AR/AI glasses business in 2024 and has established deep cooperation with Yiwentech [6] - Optical design and integration solutions for waveguide technology are mature, with sample development completed [7] - Mass production of waveguides will depend on customer demand and market conditions [8] Group 4: Automotive Sector - The company provides various products for smart driving, including vehicle-mounted lenses and millimeter-wave radar, covering over 40 vehicle models [10] - The company has secured projects with major automotive manufacturers like BYD and NIO for ADAS-related high-definition cameras [10] - Millimeter-wave radar products are expected to see significant growth, with supply agreements in place with several automotive brands [12] Group 5: Medical Robotics - The company has complete R&D and manufacturing capabilities for medical robots, although this segment contributes minimally to overall revenue [13]

Core Competitiveness - The company's core competitiveness includes over 20 years of technical accumulation in the optical field [1] - It possesses a complete optical full-stack R&D capability [1] - The company has vertical integration capabilities from design to mass production [1] - It has an international market layout and customer resources [1] Market Strategy - The company is actively upgrading products in response to domestic market pressures and expanding overseas [2] - Incremental growth in performance comes from proactive expansion and deep cultivation in multiple fields [2] - The company aims to consolidate existing customer relationships while actively exploring new businesses and clients [2] Industry Chain and Product Focus - The company has established a full industry chain layout centered on optical lenses, covering optical imaging, display, and sensing [3] - It focuses on core optical components for AI glasses, collaborating deeply with brands like Yiweng [4] AI Glasses and Optical Components - Core optical components for AI glasses include optical display modules [5] - Different optical waveguide technologies have distinct advantages: reflective waveguide technology is mature and cost-effective, while diffractive waveguide offers superior display effects but is technically challenging [5] - The company is among the first in China to master ultra-short throw technology and has launched the world's smallest 4K resolution ultra-short throw projector [5] Production Capacity and Financing - The company has completed optical waveguide sample development and possesses a complete optical design solution [6] - Currently, there is no financing plan, but the company will evaluate financing needs based on R&D investments and capacity expansion [6] - The construction of the Thailand production base is progressing in an orderly manner, with some important customer orders already received [6]

Group 1 - The core point of the article is that two shareholders of United Optoelectronics (300691) plan to reduce their holdings in the company through various trading methods [1] Group 2 - Shareholder Guangbo Investment Co., Ltd., holding 6.4915% of the shares, intends to reduce its stake by up to 4.0357 million shares, which represents 1.50% of the total share capital, within three months after 15 trading days [1] - Shareholder Wang Yiren, holding 5.1232% of the shares, plans to reduce his stake by up to 1.3452 million shares, accounting for 0.50% of the total share capital, within three months after 15 trading days [1]

证券代码：300691 证券简称：联合光电 公告编号：2025-001 中山联合光电科技股份有限公司 关于持股 5%以上股东减持计划的预披露公告 持股 5%以上股东光博投资有限公司、王毅仁先生保证向本公司提供的信息真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 特别提示： 1、持有中山联合光电科技股份有限公司（以下简称"公司"） 股份 17,465,371 股（占公司总股本的 6.4915%）的股东光博投资有限公司计划于本公告披露之日 起 15 个交易日后的 3 个月内，通过集中竞价、大宗交易的方式合计减持公司股 份不超过 4,035,731 股（占公司总股本的 1.50%）。 2、持有公司股份 13,783,956 股（占公司总股本的 5.1232%）的股东王毅仁 先生计划于本公告披露之日起 15 个交易日后的 3 个月内，通过集中竞价、大宗 交易的方式合计减持公司股份不超过 1,345,243 股（占公司总股本的 0.50%）。 一、拟减持股东的基本情况 截至本公告披露日，光博投资有限公司持有公司股 ...

证券代码：300691 证券简称：联合光电 公告编号：2024-078 中山联合光电科技股份有限公司 关于向特定对象发行股份解除限售并上市 流通的提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 特别提示： 1、本次解除限售的股份为中山联合光电科技股份有限公司（以下简称"公 司"）于 2021 年 12 月 30 日在深圳证券交易所创业板上市的向特定对象发行的 股票。 2、本次申请解除限售股份的股东为龚俊强，其认购的股份限售期为自发行 结束之日起 36 个月。本次申请解除限售的股份数量为 39,223,781 股，占目前公 司总股本的 14.58%。 3、本次解除限售股份的上市流通日为 2024 年 12 月 31 日。 一、本次解除限售股份发行情况和公司股本变动情况 经中国证券监督管理委员会出具的《关于同意中山联合光电科技股份有限公 司向特定对象发行股票注册的批复》（证监许可[2021]26 号）核准，同意公司向 龚俊强发行 A 股股票 39,223,781 股，发行价格为 12.11 元/股，实际募集资金总 额为 474,999,987.91 元 ...