Core Viewpoint - Wuhan University of Technology Optics (理工光科) is focused on enhancing value creation and profitability while achieving reasonable growth in quantity and effective improvement in quality, laying a solid foundation for the completion of the 14th Five-Year Plan and a good start for the 15th Five-Year Plan [1] Financial Performance - In the first three quarters of 2025, the company achieved revenue of 469 million yuan, a year-on-year increase of 13.79%, and a net profit attributable to shareholders of 39.61 million yuan, a year-on-year increase of 47.56% [2] Product Development - The company launched the FiberXense artificial intelligence platform, which is designed to create a fiber optic intelligent model base and derive multiple industry-specific models [3][4] - The company has developed a full-stack perception system based on fiber optic sensing technology, targeting major markets such as transportation and energy [4] Market Position and Achievements - The company has equipped over 4,000 large oil storage tanks, 12,000 kilometers of oil and gas pipelines, over 400 kilometers of smart highways, and more than 40 large bridges and several thermal and nuclear power plants [3] - Since its establishment in 2000, the company has maintained a compound annual growth rate of over 14%, with revenue increasing from 230 million yuan in 2016 to 680 million yuan in 2024 [3] Research and Development - The company has invested over 320 million yuan in research and development since its listing, establishing a leading R&D platform for fiber optic sensing technology in China [5] - The company emphasizes its competitive advantages in having the largest scale, most complete equipment, and strongest engineering capabilities in the domestic market for fiber optic sensing technology [5] Shareholder Returns - The company has distributed over 100 million yuan in cash dividends since its listing, with a dividend payout ratio of 39.5% [5] Future Development Strategy - The company aims to integrate innovation, coordination, green development, openness, and sharing into its operational development, focusing on empowering various industries' digital and intelligent transformation [6]

Core Insights - The successful completion of the MYHW1003 well's fracturing operation marks a significant advancement in China's oil and gas industry, particularly in fiber optic monitoring technology [1][2] - The achievements set new domestic benchmarks in the field, including the longest fiber optic cable deployment and a 100% success rate in directional perforation [1][2] Group 1: Technological Achievements - The MYHW1003 well achieved a fiber optic cable length of 6834 meters, setting a new record for the deepest deployment in domestic horizontal wells [1] - The directional perforation success rate reached 100%, establishing a new standard for the oil and gas industry [1][2] Group 2: Research and Development Efforts - The Xinjiang Oilfield has formed a joint project team to tackle key technical challenges in fiber optic monitoring, focusing on safe cable deployment and precise positioning [1] - The research team innovated a quality eccentric cable straightening structure to overcome detection challenges, successfully completing over 70 ground experiments [1] Group 3: Operational Success - The MYHW1003 well completed 37 segments of directional perforation and fracturing without any cable breakage, achieving a 100% success rate in avoidance [2] - The fiber optic monitoring system provided real-time data on critical processes, enabling online monitoring and evaluation of the fracturing effects [2]

Core Viewpoint - Wuhan University of Technology Optical Science Co., Ltd. recently held a significant investor research event, focusing on the company's technology, products, and future development prospects [1]. Group 1: Company Overview - The investor activity took place on October 16, 2025, and involved representatives from various institutions, including Huaxia Fund and Huatai Securities [1]. - The company’s securities affairs representative provided an introduction to the company's overview, technology, products, and typical solutions [1]. Group 2: Key Technical Insights - The company has mastered three main fiber sensing technologies: fiber Bragg grating sensing technology, distributed fiber temperature measurement technology, and distributed fiber vibration measurement technology [2]. - The new generation of fiber Bragg grating array sensing technology combines the advantages of both fiber Bragg grating and distributed fiber sensing technologies, offering strong signals, fast response, and high precision [2]. Group 3: Financial Performance and Future Outlook - The company did not provide a clear response regarding future business growth but indicated that the improvement in 2024 net profit attributable to shareholders is primarily due to product structure adjustments and steady increases in gross margin [2]. - The good product yield rate for grating writing is approximately 98% [2]. - The company is actively seeking cooperation and acquisition opportunities within the fiber sensing applications and IoT industry chain while maintaining stable internal growth [2]. Group 4: Contractual and Market Dynamics - The revenue release cycle for contracts varies, with installation and debugging periods influenced by the owner's supporting projects; for example, the oil tank market has a cycle of 1-2 years, while the tunnel and civil fire protection markets range from 2-3 years [2]. - The company has integrated market value management into its long-term strategic management system, aiming to synchronize company value and market value [2].

Group 1: Company Overview - The company, Wuhan Ligong Optical Technology Co., Ltd., has a current order backlog of approximately 1.264 billion yuan as of December 31, 2024 [3] - The company specializes in three main fiber optic sensing technologies: fiber Bragg grating sensing technology, distributed fiber temperature measurement technology, and distributed fiber vibration measurement technology [1] Group 2: Business Strategy and Growth - The company aims to focus on key applications and enhance solutions to deepen traditional market penetration and expand incremental business [4] - Plans to explore multi-sensor integration and actively seek partnerships and acquisitions to achieve scale growth [4] Group 3: Financial Performance - In 2024, the company achieved revenue of 646 million yuan, a year-on-year increase of 7.01%, and a net profit of 45.44 million yuan, up 28.76% from the previous year [5] - For Q1 2025, the company reported revenue of 10.84 million yuan, a year-on-year growth of 4.39%, and a net profit of 8.07 million yuan, reflecting a 22.41% increase [5] - The significant improvement in net profit compared to revenue is attributed to product structure adjustments and increased investment income from joint ventures [5]