【私募调研记录】禾永投资调研聚灿光电

Core Insights - He Yong Investment recently conducted research on a listed company, focusing on its performance and market position [1] Group 1: Company Performance - In the first half of 2025, Juzan Optoelectronics managed to achieve profit growth despite the impact of international trade tariffs [1] - Revenue growth is primarily driven by an increase in the proportion of high-end products [1] - The company's market share increased from 6.59% in June 2021 to 8.52% in 2024, indicating the initial stage of market monopoly [1] Group 2: Production and Pricing - The production capacity utilization rate is expected to remain high, with the red and yellow light project progressing as anticipated and expected to reach full production by the end of Q3 [1] - Product prices are projected to maintain a favorable level in the second half of the year [1] Group 3: Strategic Focus - The company will continue to deepen its core business, enhance operational efficiency, and maintain its leading position in the industry [1]