DOTI(SZ:301183) Chang Jiang Shang Bao·2025-04-23 00:47Core Viewpoint - Dongtian Micro (301183.SZ) reported a significant growth in its 2024 annual results, achieving a revenue of 597 million yuan, a year-on-year increase of 69.2%, and a net profit of 55.82 million yuan, marking a remarkable growth of 271% and a turnaround from loss to profit [1][2]. Business Performance - The company’s revenue growth is driven by two main optical business segments: imaging and communication, with imaging components contributing 459 million yuan, accounting for 76.96% of total revenue and growing by 65.10% year-on-year [2]. - The communication optical components segment saw a revenue increase of 101.65%, reaching 124 million yuan, and its revenue share rose from 17.43% to 20.77% [2]. Research and Development - Dongtian Micro invested 38.06 million yuan in R&D, a 16.2% increase from the previous year, focusing on key technologies such as laser radar optical components and glass cold processing technology [3]. - The company applied for 11 invention patents and 29 utility model patents during the reporting period, with a total of 10 invention patents and 101 utility model patents obtained by the end of the reporting period [3]. Manufacturing and Capacity Expansion - The company is expanding its manufacturing capabilities with the construction of a new base in Nanchang, enhancing production capacity for key products like blue glass filters and spin-coated filters [3]. - The overall gross margin improved to 24.13%, an increase of over 4 percentage points year-on-year, driven by the rapid growth in imaging product shipments and upgrades in communication product structures [3]. Incentive Plans - In 2024, Dongtian Micro launched a restricted stock incentive plan covering 76 mid-to-senior level and core technical personnel, aiming to strengthen the alignment of interests within the core team for long-term stability [4].