Core Viewpoint - Yutong Optical participated in the CES 2026 conference but did not showcase any products at the event [2] Group 1 - The company responded to investor inquiries on its interactive platform regarding its participation in CES 2026 [2] - The company was invited to attend the CES 2026 conference and visited the exhibition [2]

Core Viewpoint - The company expects a net profit of 240 million to 280 million yuan for the fiscal year 2025, representing an increase of 30.75% to 52.54% compared to the same period last year [1] Group 1: Financial Performance - The anticipated increase in net profit is attributed to a rise in business volume across traditional security lenses, automotive lenses, glass aspheric lenses, automotive optical components, and new consumer sectors [1] - The company's revenue is expected to grow, supported by continuous improvement in product structure and expansion into new application areas [1] - The overall gross profit margin is projected to recover during the reporting period [1]

Financial Forecast - The company forecasts a net profit attributable to shareholders between 240 million and 280 million CNY for the year 2025, representing an increase of 30.75% to 52.54% compared to the previous year[2] - The net profit after deducting non-recurring gains and losses is expected to be between 235 million and 275 million CNY, reflecting a growth of 47.40% to 72.48% year-over-year[2] - The performance forecast data is based on preliminary estimates by the company's finance department and has not yet been audited[3] - The specific audited financial data for the year 2025 will be disclosed in the company's annual report[5] Performance Drivers - The increase in performance is primarily driven by higher sales volumes in traditional security lenses, automotive lenses, glass aspheric lenses, automotive optical components, and new consumer sectors[4] - The company anticipates growth in operating revenue and continuous improvement in product structure, along with an increase in comprehensive gross profit margin[4] Investor Guidance - The company emphasizes the importance of cautious decision-making and awareness of investment risks for investors[5]

Group 1 - The core point of the article is that Yutong Optical (300790) has confirmed its provision of lenses to Yingstone 360's Yingling drone, while its subsidiary Yutong Zhiling has not yet supplied products to Yingstone 360 [1] Group 2 - Yutong Optical engaged with investors on an interactive platform regarding its product offerings [1] - The company is involved in the drone technology sector through its lens supply [1] - The interaction indicates ongoing communication between the company and its investors, reflecting transparency in operations [1]

Group 1 - The company has been invited to participate in the CES 2026 conference and will attend the event [2] - The company will not have any products showcased at the exhibition [2]

Group 1 - The company, Dongguan Yutong Optical Technology Co., Ltd., announced that a significant shareholder, Mr. Zhang Pingguang, and his concerted action person, Mr. Zhang Pingzhang, have partially lifted the pledge on their shares [1] - The announcement includes details about the basic situation of the share pledge and the lifting of the pledge, indicating that there are no major asset restructuring or performance compensation obligations associated with this pledge [1] - As of the announcement date, the pledged shares held by the shareholders and their concerted action persons are under control, with no risk of forced liquidation, and the pledge risk is manageable [1] Group 2 - The company will continue to monitor the pledge and risk situation, ensuring compliance with relevant regulations and timely information disclosure [1] - The announcement was made by the board of directors of Dongguan Yutong Optical Technology Co., Ltd. on January 15, 2026 [2]

Group 1 - The announcement from Yutong Optical indicates that Zhang Pingguang has pledged a total of 14.6 million shares, which accounts for 35.46% of his holdings [1] - Zhang Pinzhang has pledged 3.15 million shares, representing 72.21% of his total shares [1] Group 2 - A new "affordable version" of the Tesla Model 3 may enter the Chinese market, with a range of 480 kilometers [1] - Significant adjustments are occurring in the U.S. market regarding autonomous driving technology [1]

1、解除质押基本情况 2、股份质押基本情况 | | 是否为控股 | 本次质 | 占其所 | 占公司 | | 是否 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股东 名称 | 股东或第一 大股东及其 | 押数量 | 持股份 比例 | 总股本 比例 | 是否为 限售股 | 为补 充质 | 质押起始 日 | 质押到期 日 | 质权人 | 质押用 途 | | | 一致行动人 | （股） | （%） | （%） | | 押 | | | | | | 张品 | 是 | 1,200,000 | 27.51 | 0.32 | 否 | 否 | 2026 年 1 | 办理解除 质押登记 | 上饶农村 商业银行 | 偿还债 务 | | 章 | | | | | | | 月 6 日 | 之日 | 股份有限 公司 | | | | | | | | | | 2026 年 1 | 办理解除 | 上饶农村 商业银行 | 偿还债 | | 张品 章 | 是 | 350,000 | 8.02 | 0.09 | 否 | 否 | | 质押登记 ...

Summary of Key Points from the Conference Call Industry Overview: Edge AI Market - **Increased Attention on Edge AI**: Since Apple introduced the Apple Intelligence project in 2024, the market's focus on edge AI has been rising, with advancements in large models and computing power laying the groundwork for AI applications by 2026 [1][2]. - **Maturity of AI Hardware**: Edge AI hardware forms, such as AI glasses and toys, have matured, with wearable devices increasingly capturing consumer interest. At CES 2026, AI interaction features became standard in consumer electronics and home products [1][2]. - **Policy Support**: National subsidy policies now include wearable devices like smartwatches, expected to drive growth by approximately 20% year-on-year. The inclusion of Rokid glasses in a procurement project for the disabled indicates demand stimulation through targeted promotions [1][4]. Key Drivers of Investment Opportunities - **Computing Power Upgrades**: The maturity of technology and models, alongside a competitive arms race in computing facilities, is making conditions for AI application deployment more favorable by 2026 [2]. - **Hardware Iteration**: The current maturity of edge AI hardware, particularly in wearables, is seen as a catalyst for growth. Despite skepticism about blockbuster products in 2025, devices like Rokid AI glasses are gaining traction among consumers [2]. - **Resilience of Edge AI**: In the face of rising storage costs, wearable devices are less affected compared to traditional consumer electronics, which are more vulnerable to cyclical fluctuations. The edge AI market remains in a high-growth phase with significant supply chain premium potential [1][4]. Product Launch and Shipment Forecasts - **AI Glasses Shipment Projections**: Meta anticipates shipping between 20 to 25 million units of AI glasses by 2027, while other brands like Thunder and Roku expect shipments of 300,000 to 500,000 units. Total shipments across all brands are projected to approach 3 million units by 2027, representing significant growth compared to 2025 [3][7]. - **Product Release Schedule**: Meta plans to launch three new products in 2026 and a new brand of AI glasses in 2027. Samsung and Huawei are expected to release new products by the end of Q1 or early Q2 2026, while Xiaomi may iterate its first-generation product this year [5][6]. Investment Recommendations - **Top Investment Picks**: GoerTek is highlighted as a leading company in the AI glasses market, expected to benefit significantly from market growth. Other recommended companies include Luxshare Precision, Lianyi Manufacturing, Lens Technology, Yutong Optical, Changying Precision, and Longqi Technology, all of which have promising market prospects [8]. SOC Sector Insights - **Investment Value of SOC Sector**: The SOC sector is viewed as having high potential due to the anticipated shift from cloud to edge computing over the next two to three years. SOC components represent the highest cost proportion in edge devices, with Chinese A-share SOC companies showing strong market share potential [9]. - **Volume-Price Dynamics**: The SOC sector is driven by new product cycles and flagship product releases, which are expected to enhance average selling prices (ASP). For instance, AI-enabled chips are projected to increase in price from $2 to $4 [10][11]. - **Inventory Adjustments**: Following a chip shortage in late 2021, inventory levels have normalized by early 2024, positively impacting earnings per share (EPS) for companies like Rockchip and Hengxuan, which saw stock prices rise by 30-40% during high inventory periods [12]. Future Outlook for SOC Industry - **Growth Projections**: The period from 2026 to 2027 is expected to see rapid growth in flagship products from leading companies, driven by national subsidy policies and the explosion of new AI products. The current low market expectations for the SOC sector suggest significant upside potential once market conditions improve [13].

Core Viewpoint - Dongguan Yutong Optical Technology Co., Ltd. announced the completion of the share reduction plan by its directors and senior management, ensuring compliance with relevant laws and regulations [1][4][5]. Group 1: Shareholder Reduction Situation - The share reduction involved shares from the company's initial public offering, private placements, equity incentives, and shares from rights distributions [1]. - The total number of shares considered for the company's total share capital calculation excludes 2,429,000 shares held in the company's repurchase account [3]. Group 2: Shareholder Holding Situation Before and After Reduction - The announcement includes a table detailing the shareholding situation before and after the reduction, although rounding discrepancies may cause minor inconsistencies in totals [2]. Group 3: Compliance and Impact - The share reduction plan adheres to multiple legal frameworks, including the Securities Law of the People's Republic of China and relevant Shenzhen Stock Exchange regulations [4]. - The shareholders involved in the reduction are not the company's controlling shareholders or actual controllers, ensuring that the reduction will not lead to a change in control or significantly impact the company's governance structure and future operations [5]. Group 4: Documentation - The company has made available the shareholder's notice confirming the completion of the share reduction plan [6].