Core Insights - Guangdong Hongjing Optoelectronics Technology Co., Ltd. held an online investor reception day on September 19, 2023, to engage with investors and address various inquiries [1] Group 1: Financial and Operational Highlights - The company has fully accounted for its listing-related expenses in the management costs for the first half of 2025 [2] - In the first half of 2025, the emerging consumer business generated revenue of 560.98 million yuan, while the smart automotive business achieved revenue of 132.50 million yuan [2] - The company maintains stable product gross margins through improved yield rates and reduced material costs [2] Group 2: Product Development and Market Strategy - Hongjing Optoelectronics is actively developing machine vision technology for various applications, including outdoor work robots and service robots [2] - The company is focusing on lightweight products and high-resolution cameras, with ongoing projects in 48MP and above sports cameras and panoramic modules [2] - The company has a strategic partnership with Yingstone Innovation, which was established in 2015, and a strategic cooperation agreement was signed in 2022 [2] Group 3: Market Position and Future Outlook - The company ranks seventh globally in the automotive optical lens market with a market share of 3.70% in 2024, covering applications in smart driving and smart cockpits [2] - The demand for ADAS and AVM lenses is driving revenue growth in the smart automotive sector due to the industry's development [2] - The company is one of the main drafters of the national standard GB 15084 - 2022 for electronic rearview mirrors, with its CMS lens being among the first to receive certification [2]

Group 1: Financial Performance - The company has fully accounted for its listing-related expenses in the management costs for the first half of 2025 [2] - In the first half of 2025, the emerging consumer business generated revenue of CNY 560.98 million, while the smart automotive business achieved revenue of CNY 132.50 million [4] - The company's revenue from automotive products increased by over 70% in the first half of 2025, driven by strong demand for ADAS and AVM cameras [6] Group 2: Research and Development - The company is actively developing new products in the fields of lightweight design, 48MP and above sports cameras, and consumer machine vision modules [3] - The company has initiated R&D in machine vision, focusing on outdoor operation robots, companion robots, and humanoid robots [2] - The company plans to continue expanding its R&D efforts to enhance new business contributions [2] Group 3: Strategic Partnerships - The company established a strategic partnership with YingShi in 2015, which was deepened with a cooperation agreement in 2022 [3] - The company is exploring further collaboration opportunities with YingShi in various imaging-related fields [5] Group 4: Market Position and Competition - The company holds a 3.70% market share in the global automotive optical lens market, ranking seventh globally [6] - The company is one of the early entrants in the smart automotive sector, covering applications in smart driving and smart cockpit [6] - The company is a key contributor to the national standard for electronic rearview mirrors, with its CMS lens recognized for advanced technology [6] Group 5: Business Outlook - The company is focusing on maintaining its leading position in smart automotive, smart home, and panoramic/sports camera sectors while expanding into industrial inspection, medical, and AI hardware [4] - The company is actively seeking to mitigate risks associated with product direction errors during its current growth phase [3] - The company is monitoring industry trends to enhance its technology development and market expansion in high-pixel products [6]

Company Overview - Guangdong Hongjing Optoelectronics Technology Co., Ltd. specializes in the R&D, design, production, and sales of optical lenses and camera modules since its establishment in 2012 [1] - Main products include optical lenses and camera modules for smart cars and emerging consumer markets, with applications in smart cockpits, intelligent driving, smart homes, and panoramic/sport cameras [1] Financial Performance - In the first half of 2025, the company achieved a revenue of CNY 701.14 million, representing a year-on-year growth of 55.72% [1] - Net profit attributable to shareholders was CNY 75.52 million, with a year-on-year increase of 10.22% [1] - Revenue breakdown: - Panoramic/sport camera business: 49.66% - Smart home business: 22.80% - Smart car business: 18.90% - New business: 7.55% [1] Customer Base - Established a diverse customer base in the smart car sector, supplying to brands like Chery, Changan, Xiaopeng, and SAIC through partners such as Desay SV and Hikvision [2] - In the smart home sector, the company is a key supplier for mid-to-high-end brands like Ring and Blink in the European and American markets [2] - Long-term partnership with Ying Shi Innovation in the panoramic/sport camera field [2] Collaboration with Ying Shi Innovation - Collaboration began in 2015, driven by mutual needs and market potential [3] - In 2022, the company developed a leading 48-megapixel panoramic camera lens and module, which received positive market feedback [3] Profitability Analysis - Overall gross margin for the first half of 2025 was 24.43% [4] - Gross margins by product: - Smart car optical lenses: 25.12% - Emerging consumer optical lenses: 46.06% - Emerging consumer camera modules: 15.48% [4] - Camera modules have lower gross margins due to reliance on externally sourced components [4] Future Development Outlook - The company aims to implement a "3+N" product strategy over the next 3-5 years, focusing on increasing market share in smart cars, smart homes, and panoramic/sport cameras [6] - Plans to expand into emerging fields such as AI hardware, machine vision, industrial inspection, and medical applications [6]

证券代码：301479 证券简称：弘景光电 公告编号：2025-048 届时公司高管将在线就公司 2025 年半年度业绩、公司治理、发展战略、经 营状况等投资者关心的问题，与投资者进行沟通与交流，欢迎广大投资者踊跃参 与！ 特此公告！ 广东弘景光电科技股份有限公司董事会 2025 年 9 月 17 日 — 1 — 关于参加广东辖区 2025 年投资者网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 为进一步加强与投资者的互动交流，广东弘景光电科技股份有限公司（以下 简称"公司"）将参加由中国证券监督管理委员会广东监管局、广东上市公司协 会联合举办的"向新提质 价值领航--2025 年广东辖区投资者集体接待日暨辖区 上市公司中报业绩说明会"，现将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （http://rs.p5w.net）参与本次互动交流，活动时间为 2025 年 9 月 19 日（周 五）15:30-17:00。 广东弘景光电科技股份有限公司 ...

（文章来源：证券日报） 证券日报网讯 9月15日晚间，弘景光电发布关于首次公开发行网下配售限售股份上市流通的提示性公告 称，本次解除限售并上市流通的股份为公司首次公开发行网下配售限售股份；本次申请解除限售股东户 数为6，516户，股份数量为1，116，904股，占公司总股本的1.26%，限售期为自公司首次公开发行并 上市之日起6个月；本次解除限售股份的上市流通日期为2025年9月18日。 ...

证券代码：301479 证券简称：弘景光电 公告编号：2025-047 广东弘景光电科技股份有限公司 关于首次公开发行网下配售限售股份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、本次解除限售并上市流通的股份为广东弘景光电科技股份有限公司（以下简 称"公司"）首次公开发行网下配售限售股份； 2、本次申请解除限售股东户数为 6,516 户，股份数量为 1,116,904 股，占公司 总股本的 1.26%，限售期为自公司首次公开发行并上市之日起 6 个月； 3、本次解除限售股份的上市流通日期为 2025 年 9 月 18 日。 一、首次公开发行网下配售股份概况 经中国证券监督管理委员会（以下简称"中国证监会"）《关于同意广东弘景光 电科技股份有限公司首次公开发行股票注册的批复》（证监许可〔2024〕1747 号）同 意注册，公司首次公开发行人民币普通股（A 股）15,886,667 股，并于 2025 年 3 月 18 日在深圳证券交易所创业板上市。首次公开发行股票后，公司总股本为 63,546,667 股，其中有限售条件股 ...

申万宏源证券承销保荐有限责任公司 关于广东弘景光电科技股份有限公司 首次公开发行网下配售限售股份上市流通的核查意见 申万宏源证券承销保荐有限责任公司（以下简称"申万宏源承销保荐"或"保 荐人"）作为广东弘景光电科技股份有限公司（以下简称"弘景光电"或"公司"） 首次公开发行股票并在创业板上市的保荐人，根据《证券发行上市保荐业务管理 办法》《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》等法律法规和规范性文件的要求， 对弘景光电的首次公开发行网下配售限售股份上市流通事项进行了核查，具体核 查情况及意见如下： 一、首次公开发行网下配售股份概况 经中国证券监督管理委员会（以下简称"中国证监会"）《关于同意广东弘景 光电科技股份有限公司首次公开发行股票注册的批复》（证监许可〔2024〕1747 号）同意注册，公司首次公开发行人民币普通股（A 股）15,886,667 股，并于 2025 年 3 月 18 日在深圳证券交易所创业板上市。首次公开发行股票后，公司总股本 为 63,546,667 股，其中有限售条件股份数量为 49,343,230 股，占发行后 ...

Core Viewpoint - Hongjing Optoelectronics (301479.SZ) is expanding its N business, which includes industrial inspection, medical applications, artificial intelligence hardware, and machine vision, aiming for significant revenue growth by 2025 [1] Business Overview - The N business segment is projected to generate approximately 50 million yuan in revenue by the first half of 2025, accounting for about 7.55% of the total revenue [1] - The company is actively seeking collaboration opportunities and has achieved initial success in the machine vision sector, with projects such as lawnmowers and motion-sensing gaming devices entering mass production [1]

Group 1 - Hongjing Optoelectronics (SZ 301479) announced that on September 5, 2025, it will accept investor research from Yuanxin Yongfeng Fund and others, with the company secretary Lin Qiongyun participating in the reception and answering investor questions [1] - For the year 2024, the revenue composition of Hongjing Optoelectronics is as follows: camera module manufacturing accounts for 50.91%, optical lens manufacturing accounts for 48.18%, and other businesses account for 0.91% [1] - As of the report date, the market capitalization of Hongjing Optoelectronics is 8.5 billion yuan [2]

Core Viewpoint - Hongjing Optoelectronics (301479.SZ) reported a decline in gross margin for new consumer camera modules to 15.48% in the first half of 2025 compared to the same period last year, primarily due to adjustments in product structure and an increase in the sales proportion of new products, which are currently in a yield ramp-up phase and face higher manufacturing difficulties and rework costs [1] Group 1 - The gross margin for new consumer camera modules is 15.48% in the first half of 2025 [1] - There is a year-on-year decline in gross margin attributed to product structure adjustments [1] - The sales proportion of new products has significantly increased [1] Group 2 - New products are currently in a yield ramp-up phase [1] - Manufacturing difficulties have increased, leading to higher rework costs [1]