Core Viewpoint - The company, 波长光电, is actively expanding its semiconductor optical business and has established a joint laboratory with Zhejiang University to enhance its research and development capabilities in this field [2][3]. Group 1: Semiconductor Business Progress - The company's semiconductor optical business generated approximately 17.7 million yuan in revenue in 2024, with ongoing efforts to deepen customer cooperation and enhance technical exchanges [2]. - The product offerings in the semiconductor sector include parallel light source systems for mature processes, optical lenses for advanced lithography equipment, and various optical components for detection equipment [2]. Group 2: Collaboration with Zhejiang University - The collaboration with Zhejiang University aims to establish a joint laboratory focusing on extreme optical technology and instruments, particularly in semiconductor detection [3]. - This partnership leverages both parties' strengths in precision optical design and manufacturing capabilities to foster talent and research in the precision optics field [3]. Group 3: Capacity Expansion and Financial Planning - The company has established an advanced manufacturing process center and acquired high-precision processing and testing equipment to meet the demands of its semiconductor business [4]. - Current production capacity and funding are deemed sufficient for short-term business growth, with potential plans for capital market financing if business development exceeds expectations [4]. Group 4: Financial Performance and Outlook - In Q1 2025, the company reported a main revenue of 99.23 million yuan, a year-on-year increase of 20.87%, while net profit decreased by 39.55% to 6.51 million yuan [7]. - The company anticipates a recovery in overall gross margin in 2025 due to stabilization in raw material prices and shifts in product demand towards smaller and lighter infrared imaging products [5]. - The gross margin for infrared imaging products is expected to improve, contributing positively to the overall financial performance [5].