证券代码：301101 证券简称：明月镜片 公告编号：2025-037 明月镜片股份有限公司 关于召开公司 2025 年第二次临时股东大会的通知 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。 一、召开会议的基本情况 7、出席对象： （1）截至 2025 年 11 月 24 日 15:00 交易收市后，在中国证券登记结算有限责任公司深 圳分公司登记在册的本公司全体股东。上述本公司全体股东均有权出席股东大会，并可以以 书面形式委托代理人出席会议和参加表决（该股东代理人不必是本公司股东）。 （2）公司董事、监事和高级管理人员。 1、股东会届次：2025 年第二次临时股东大会 2、股东会的召集人：董事会。公司第二届董事会第二十次会议于 2025 年 11 月 11 日审 议通过《关于召开 2025 年第二次临时股东大会的议案》，同意召开本次股东大会。 3、本次会议的召集、召开符合《中华人民共和国公司法》《深圳证券交易所创业板股 票上市规则》《深圳证券交易所上市公司自律监管指引第 2 号—创业板上市公司规范运作》 等法律、行政法规、部门规章、规范性文件及《公司章程》的 ...

证券代码：301101 证券简称：明月镜片 公告编号：2025-034 经审核，监事会认为：本次公司调整组织架构并修订《公司章程》等事项系 公司为全面贯彻落实最新法律、法规及规范性文件要求，结合公司实际情况做出 的决定，有利于进一步完善公司治理结构。调整后，公司监事会相关制度相应废 止或作出相应修订，并由董事会审计委员会承接《公司法》等法律法规规定的监 事会职权。在公司董事会审计委员会正式行使监事会职权前，公司监事会将依照 法律、法规和现行《公司章程》等有关规定继续履行相应的职责。同时，公司董 事会席位结构进行调整，将一名非独立董事席位调整为职工代表董事席位。 根据《公司法》《上市公司章程指引》《上市公司治理准则》等相关法律法规 及规范性文件的规定，结合公司实际情况，拟对《公司章程》的部分条款进行修 订和完善。 明月镜片股份有限公司 第二届监事会第二十次会议决议公告 本公司及监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。 一、监事会会议召开情况 明月镜片股份有限公司（以下简称"公司"）第二届监事会第二十次会议于 2025 年 11 月 11 日在公司会议室以现场表决方 ...

证券代码：301101 证券简称：明月镜片 公告编号：2025-033 明月镜片股份有限公司 第二届董事会第二十次会议决议公告 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。 一、董事会会议召开情况 明月镜片股份有限公司（以下简称"公司"）第二届董事会第二十次会议于 2025 年 11 月 11 日在公司会议室以现场结合通讯的表决方式召开。本次会议通知 于 2025 年 11 月 6 日以专人送达、电话、微信的方式通知了全体董事。本次会议 由董事长谢公晚先生主持，应出席会议董事 7 人，实际参加会议董事 7 人，公司 监事、高级管理人员列席会议。会议召开符合《中华人民共和国公司法》、《公 司章程》等规定，会议合法有效。 二、董事会会议审议情况 经与会董事充分讨论，本次会议审议通过议案如下： （一）审议通过《关于调整组织架构并修订<公司章程>的议案》 根据《公司法》《关于新<公司法>配套制度规则实施相关过渡期安排》《上 市公司章程指引（2025 年修订）》《深圳证券交易所创业板股票上市规则（2025 年修订）》《深圳证券交易所上市公司自律监管指引第 2 号——创 ...

Core Viewpoint - Mingyue Lens, a leading lens brand in China, collaborates with Qianye Glasses to launch a campus public welfare campaign aimed at promoting vision health among children and adolescents, addressing the rising myopia rates in the country [1][5][8] Group 1: Campaign Overview - The campaign titled "Climbing to the Peak and Building Dreams for a Voyage" involves sharing learning experiences and myopia prevention knowledge with students in Chongqing [1] - Tsinghua University student leader Zhang Zhiyuan participated in the event, providing practical study techniques and encouraging students to adopt healthy eye care practices [1][3] Group 2: Myopia Statistics and Importance - According to the National Health Commission, the overall myopia rate among children and adolescents in China is projected to reach 52.7% by 2024, indicating that one in two students is affected [5] - The significance of myopia prevention is underscored by the alarming statistics, prompting initiatives like the public welfare campaign [5] Group 3: Product Offering - Mingyue Lens offers the "Mingyue Easy Control Lens," designed specifically for Chinese children's eye habits, balancing prevention effectiveness and comfort [5] - Clinical trials conducted by Zhongshan Ophthalmic Center and Tianjin Eye Hospital show that the lens has a myopia progression control effectiveness rate of 73.82%, with results published in the international journal "Ophthalmology" [5] Group 4: Social Responsibility - As a national brand, Mingyue Lens emphasizes its social responsibility by promoting myopia prevention awareness across the country, advocating for the protection of children's vision as a means to secure a brighter future [8]

Core Insights - Mingyue Lens experienced a decline of 1.74% in stock price on November 11, with a trading volume of 71.55 million yuan [1] - The company reported a financing net buy of -3.13 million yuan on the same day, indicating a higher level of financing repayment compared to new purchases [1] - As of November 11, the total financing and securities lending balance for Mingyue Lens was 263 million yuan, which is relatively low compared to historical levels [1] Financing and Securities Lending - On November 11, the financing buy amount was 5.67 million yuan, while the current financing balance stands at 263 million yuan, accounting for 3.09% of the circulating market value [1] - The financing balance is below the 50th percentile level over the past year, indicating a low financing position [1] - There were no securities lent or sold on November 11, with the securities lending balance also at zero, suggesting a high level of inactivity in this area [1] Company Performance - As of September 30, the number of shareholders for Mingyue Lens was 20,000, a decrease of 20.59% from the previous period, while the average circulating shares per person increased by 25.92% to 9,529 shares [2] - For the period from January to September 2025, the company achieved a revenue of 626 million yuan, representing a year-on-year growth of 7.39%, and a net profit attributable to shareholders of 149 million yuan, up 8.83% year-on-year [2] Dividend and Shareholding Structure - Since its A-share listing, Mingyue Lens has distributed a total of 272 million yuan in dividends, with 201 million yuan distributed over the past three years [3] - As of September 30, 2025, among the top ten circulating shareholders, Minsheng Jia Yin Continuous Growth Mixed Fund (007731) held 1.47 million shares, an increase of 320,300 shares from the previous period [3] - Hong Kong Central Clearing Limited entered as a new shareholder, holding 789,200 shares, while another new shareholder, Fortune Stable Growth Mixed Fund (010624), held 600,000 shares [3]

Market Overview - The entertainment products sector increased by 1.23% on November 3, with Mingyue Lens leading the gains [1] - The Shanghai Composite Index closed at 3976.52, up 0.55%, while the Shenzhen Component Index closed at 13404.06, up 0.19% [1] Top Performers - Mingyue Lens (301101) closed at 43.94, up 6.39% with a trading volume of 75,400 shares and a transaction value of 324 million yuan [1] - Helen Piano (300329) closed at 18.25, up 5.43% with a trading volume of 120,500 shares and a transaction value of 217 million yuan [1] - Qunxing Toys (002575) closed at 6.40, up 3.39% with a trading volume of 326,400 shares and a transaction value of 207 million yuan [1] Underperformers - Jinling Sports (300651) closed at 22.13, down 5.43% with a trading volume of 151,700 shares [2] - Yuanfei Pets (001222) closed at 23.00, down 4.29% with a trading volume of 56,300 shares [2] - Zhejiang Nature (605080) closed at 24.48, down 1.45% with a trading volume of 20,800 shares [2] Capital Flow - The entertainment products sector experienced a net outflow of 4.75 million yuan from institutional investors, while retail investors saw a net inflow of 3.32 million yuan [2][3] - Major stocks like Guangbo Co. (002103) had a net inflow of 24.48 million yuan from institutional investors, while Mingyue Lens (301101) had a net inflow of 16.28 million yuan [3]

Investment Rating - The report upgrades the investment rating to "Buy" with a target price not specified [5] Core Views - The company demonstrates strong resilience in operations despite external market pressures, with a focus on optimizing product matrix and advancing smart technology [5] - The company has successfully launched new high-end products, including the Tianji series, which enhances its competitive edge in the high-end lens market [3] - The company has established itself as the exclusive optical partner for Xiaomi's AI glasses, contributing to significant revenue growth in this segment [4] Financial Performance Summary - In Q3 2025, the company achieved revenue of 230 million yuan, a year-on-year increase of 14.6%, and a net profit of 50 million yuan, up 11.6% year-on-year [1] - For the first three quarters of 2025, total revenue reached 630 million yuan, reflecting a 7.4% year-on-year growth, while net profit was 150 million yuan, up 8.8% year-on-year [1] - The company's main business growth rate improved in Q3, indicating robust business model stability and market competitiveness [1] Product Strategy Summary - The company maintains growth in its major products, with the PMC Ultra Bright series seeing a 53.7% revenue increase in Q3 2025 compared to the same period last year [2] - The "Easy Control" series generated sales of 50.8 million yuan in Q3 2025, a 10.5% year-on-year increase, with cumulative sales for the first three quarters reaching 132 million yuan, up 8.5% year-on-year [2] - The newly upgraded 1.74 series product received positive consumer feedback, with sales increasing by 112.4% year-on-year in Q3 2025 [2] Market Positioning Summary - The company is positioned as a leading domestic brand in the lens market, focusing on high-end product development to meet market demands [3] - The partnership with Xiaomi enhances the company's visibility and credibility in the smart wearable technology sector [4]

Financial Performance - Q3 revenue reached 227 million CNY, a year-on-year increase of 14.6%, with a cumulative revenue of 626 million CNY for the first nine months, up 7.4% year-on-year [2] - Net profit attributable to shareholders for Q3 was 53.59 million CNY, with a cumulative net profit of 149 million CNY for the first nine months, reflecting an increase of 11.6% and 8.8% year-on-year respectively [2] - R&D expenses in Q3 amounted to 13.29 million CNY, marking a record high for a single quarter, with a cumulative R&D expense of 33.22 million CNY for the first nine months [2] Product Performance - PMC Ultra Bright series saw a revenue increase of 53.7% year-on-year in Q3, while the 1.71 series grew by 13.7% [3] - The newly upgraded 1.74 series achieved a remarkable sales growth of 112.4% year-on-year in Q3, with a cumulative growth of 171.5% for the first nine months [3] - Sales of the Xiaomi AI glasses collaboration reached 6.51 million CNY by the end of September 2025, with a gross margin of 78.6% for smart glasses lenses [3] Strategic Initiatives - The company is focusing on the high-end market with the launch of the Tianji series, targeting the 5-8 score market segment, which is currently underserved [8][9] - The company is actively expanding its presence in the medical channel, collaborating with leading eye care institutions to enhance product distribution [10] - The gradual introduction of progressive multifocal lenses is seen as a significant growth opportunity, especially as the population ages [6] Market Trends - The demand for high-quality products is increasing, with consumers willing to invest in better options, reflecting a trend of consumption upgrade [4] - The aging population in China, particularly those over 45 years old, is expected to drive demand for progressive lenses, with a potential market size of nearly 700 million people [6][12] - The company is committed to maintaining its brand positioning and product quality amidst industry price wars, focusing on long-term growth strategies [11] Future Outlook - The company is optimistic about the industry’s growth potential, driven by domestic market expansion and the shift towards premium products [12] - Strategic changes implemented in product, channel, and customer service are beginning to show positive results, with expectations for continued improvement [12] - The company aims to leverage its technological advancements and market positioning to capture emerging opportunities in the smart eyewear segment [4][5]

Market Overview - The entertainment products sector experienced a decline of 0.33% on October 30, with Zhejiang Zhengte leading the drop [1] - The Shanghai Composite Index closed at 3986.9, down 0.73%, while the Shenzhen Component Index closed at 13532.13, down 1.16% [1] Stock Performance - Notable gainers included: - Helen Piano (300329) with a closing price of 17.57, up 7.59% and a trading volume of 180,300 shares, totaling 311 million yuan [1] - Source Pet (001222) closed at 24.51, up 2.21% with a trading volume of 66,300 shares, totaling 162 million yuan [1] - Major decliners included: - Zhejiang Zhengte (001238) closed at 49.33, down 3.08% with a trading volume of 8,368 shares, totaling 41.9 million yuan [2] - Huali Technology (301011) closed at 25.65, down 2.88% with a trading volume of 32,400 shares, totaling 83.57 million yuan [2] Capital Flow - The entertainment products sector saw a net outflow of 69.16 million yuan from institutional investors, while retail investors contributed a net inflow of 66.54 million yuan [2] - Specific stock capital flows included: - Morning Light Co. (6688809) had a net inflow of 11.21 million yuan from institutional investors [3] - Source Pet (001222) saw a net inflow of 10.59 million yuan from institutional investors [3] - Zhejiang Zhengte (001238) experienced a net outflow of 0.53 million yuan from institutional investors [3]

Core Insights - Mingyue Lens has launched the high-end Tianji series, which meets the needs of Chinese consumers and utilizes Sino-German collaborative research in intelligent optical algorithms and aerospace-derived materials technology to enhance visual experience to "8K HD all-domain comfort" [1][10] - The introduction of the Tianji series signifies a breakthrough for domestic lenses into the high-end market, traditionally dominated by foreign brands, marking a shift in the competitive landscape [1][10] Product Features - The Tianji series incorporates three intelligent algorithms developed in collaboration with the renowned German optical institution, Jena University, focusing on the visual habits and facial features of Chinese consumers [4][6] - The 8K all-domain intelligent optimization algorithm features over 8000 optical optimization points, significantly expanding the clear vision area and providing an 8K ultra-high-definition visual experience [6] - The pupil intelligent adaptive algorithm is designed for dynamic lighting environments, ensuring stable and clear vision in varying light conditions, such as night driving [6] - A forthcoming 3D facial intelligent matching algorithm will allow for personalized customization based on individual facial shapes and frame parameters, enhancing the fit and stability of the lenses [6] Material Innovation - The Tianji series utilizes "Xuanbing resin," derived from aerospace technology, achieving a high Abbe number of 40.5, which effectively reduces dispersion and enhances visual quality while providing durability against impacts and yellowing [7] - The accompanying "Liuguang film" system features a 24-layer nano-coating technology, including 16 layers of anti-reflective coating, increasing light transmission to over 98% and improving comfort and aesthetics [9] Market Positioning - The launch of the Tianji series reflects a deep understanding of modern users' complex visual needs, transitioning from merely "seeing" to "seeing comfortably, clearly, and durably" [10] - The Tianji series represents a new height in domestic high-end lenses in optical design, material technology, and customization services, integrating international research resources with local insights to provide a new model for industry innovation [10]