Crystal-Optech(SZ:002273) Zheng Quan Ri Bao Wang·2025-10-29 07:22Core Viewpoint - Crystal Optoelectronics has demonstrated steady growth in revenue and net profit for the third quarter of 2025, despite a high base from the previous year, indicating effective strategic adjustments and operational resilience [1][2]. Financial Performance - For the first three quarters, the company achieved a revenue of 5.123 billion yuan, a year-on-year increase of 8.78%, and a net profit attributable to shareholders of 983 million yuan, up 14.13% [1]. - In the third quarter alone, revenue reached 2.103 billion yuan, growing by 2.33%, while net profit was 483 million yuan, reflecting a 10.98% increase year-on-year [1]. Business Development - The growth in the third quarter was primarily driven by the film optical panel and large customer coating filter businesses, with significant increases in shipment volumes due to new product launches [2]. - The company expects continued demand from customers, with additional orders anticipated from September onwards, contributing positively to annual performance [2]. Strategic Focus - The company is enhancing its production capacity and investing in research and development, with R&D expenses amounting to 298 million yuan in the first three quarters [3]. - A planned procurement of coating equipment from a joint venture in Japan aims to expand the optical product line and accelerate the transformation of the consumer electronics business [3]. Future Outlook - The company is focusing on strategic adjustments in 2025, with capital expenditures projected to be between 10% to 15% of revenue, primarily directed towards GWG and AR-related production lines [3]. - The chairman emphasized a commitment to establishing a factory in Vietnam, expanding AR business, and achieving strategic milestones over the next three years, with a strong focus on collaboration with North American clients [3].