新光光电分析师会议-20251010

Group 1: Report Overview - The research is about Xinguang Optoelectronics in the optoelectronic industry, with a research date of October 10, 2025 [1][2] - The participating research institutions include Dajia Assets and China Merchants Securities [2] Group 2: Research Basic Information - Research object: Xinguang Optoelectronics [17] - Industry: Optoelectronics [17] - Reception time: October 10, 2025 [17] - Company reception staff: Vice Chairman and Deputy General Manager Wang Yuwei, Board Secretary Chen Guoxing, and Securities Affairs Representative Zhang Nan [17] Group 3: Detailed Research Institutions - Dajia Assets (other), related person: Cai Yun [18] - China Merchants Securities (securities company), related person: Zhan Yongzhuang [18] Group 4: Main Research Content On - site Research - Visit the company's military product exhibition hall, civilian product exhibition hall, and hold a conference room discussion [22] Main Questions and Answers - As of the end of 2024, the company's on - hand orders were 160 million yuan; in the first half of 2025, new on - hand orders and intended orders under project approval were 153 million yuan. Market development and project bidding are in progress [22] - The Harbin Institute of Technology Education Development Foundation has completed its reduction through centralized bidding. The reduction is to support the school's development, and the foundation will also support the company [23] - Due to the long development and finalization time of weapon equipment, the mass - production time of relevant models is uncertain. In dual - light guidance, multiple models will participate in the physical selection bid in 2025, with the potential to move from small - batch supply to mass - production finalization [25] - The company has established a special collection team to strengthen communication with customers and promote acceptance and settlement processes to reduce bad - debt risks [26]