Appo(SH:688007) Zheng Quan Zhi Xing·2025-08-29 14:20Core Viewpoint - Shenzhen Guangfeng Technology Co., Ltd. is committed to high-quality development and enhancing investor confidence through its 2025 "Quality Improvement and Efficiency Enhancement" action plan, focusing on sustainable growth and capital market image [1] Group 1: Business Strategy and Development - The company focuses on core technologies and applications based on GaN and GaAs semiconductor laser technology, aiming for high-quality development and market leadership in high-margin businesses like cinema and specialized displays [1][2] - The company is actively exploring new applications in AR glasses and robotics, while adjusting its market strategies to avoid ineffective competition in the automotive sector [1][3] - The company has launched a compact AR optical engine at CES 2025, showcasing its commitment to innovation in the AR smart glasses market [2] Group 2: Research and Development - The company emphasizes R&D investment, with a team of 429 researchers, 26.34% of whom hold advanced degrees, to enhance its technological capabilities [5][6] - As of June 30, 2025, the company has filed 3,033 patent applications globally, with 2,372 granted, including 1,233 invention patents, reflecting its strong focus on innovation [6] Group 3: Financial Performance and Shareholder Returns - The company has implemented a stable cash dividend policy, distributing a total of 114.21 million yuan in cash dividends for the 2024 fiscal year, with cumulative dividends since 2019 reaching approximately 333 million yuan [7][8] - The company has conducted multiple share buybacks, totaling 9,440,792 shares since 2022, to enhance shareholder value and market confidence [8] Group 4: Corporate Governance and Investor Relations - The company is committed to improving corporate governance and has held multiple meetings of its audit and strategic committees to ensure compliance and effective decision-making [9] - The company actively engages with investors through various channels, including roadshows and online meetings, to communicate its value and maintain trust [10]