Orbbec (SH:688322) Chang Jiang Shang Bao·2025-09-15 23:52Core Viewpoint - Company is accelerating its financing efforts to support breakthroughs in AI vision technology through a planned issuance of A-shares to raise up to 1.918 billion yuan for key projects [1][2] Group 1: Financing and Investment Plans - The planned fundraising of up to 1.918 billion yuan will primarily support the development of a robot AI vision and spatial perception technology platform, with 1.796 billion yuan allocated to this core project [2] - The implementation period for the robot AI vision project is set for five years, located in Guangdong Province, aiming to enhance technical capabilities in 3D vision perception algorithms and environmental understanding [2] - The second project, focused on building an AI vision sensor and smart hardware manufacturing base, will utilize 122 million yuan and is expected to be completed in three years [2] Group 2: Company Performance and R&D - In the first half of 2025, the company reported revenue of 435 million yuan, a year-on-year increase of 104.14%, and a net profit of 60.19 million yuan, marking a turnaround from previous losses [5] - Cumulative R&D investment from 2022 to mid-2025 reached 977 million yuan, with a significant focus on mainstream technology routes such as structured light and dToF [1][5] - The company has accumulated 1,112 patents, strengthening its technological moat and supporting its competitive position in the market [1][6] Group 3: Market Position and Competitive Landscape - The 3D vision perception technology is becoming a core technology in AI and smart manufacturing, with major global competitors including Apple, Intel, Microsoft, and Sony [3] - The company has successfully entered the supply chains of leading firms such as Tesla and Ant Group, indicating its competitive edge in the industry [3] - The successful implementation of the fundraising plan is expected to provide new development opportunities in the robot AI vision and smart hardware manufacturing sectors, enhancing market competitiveness [3]