来源：上海证券报·中国证券网 上证报中国证券网讯 10月30日晚间，光峰科技发布2025年第三季度报告显示，第三季度公司营收3.92亿 元，前三季度累计营收13.53亿元，同时经营活动产生的现金流量净额同比增长109.19%，达到1.5亿 元。 2025年前三季度，光峰科技持续加码核心器件自主研发投入与技术储备建设，并全力推进战略落地与业 务转型，当前已进入业务关键转型阶段。 光峰科技表示，基于对半导体化合物材料体系、激光光学技术的深刻理解及深厚技术积累，公司已初步 在上游核心器件实现关键性突破，实现底层设计和终端应用的结合，进而驱动激光技术在AR眼镜、机 器人等新兴场景的智能化运用和定制化新应用，满足终端应用小体积、低成本、低功耗等需求。 具体落地层面，在9月份举行的第26届中国国际光电博览会上，光峰科技发布了蜻蜓G1、彩虹C1两款旗 舰AR光机，并与行业合作伙伴共同推出了业内首创的"LCoS＋PVG光波导"一拖二AR眼镜光学方案。该 方案成功突破多项行业技术瓶颈，全面提升了用户体验，并有望大幅降低AR眼镜的终端售价至1500– 2000元区间。这一突破不仅将重构当前AR眼镜的价格体系，也为行业实现千万级量 ...

Core Viewpoint - The application of lidar technology in underwater robotics is undergoing a significant transformation, highlighted by the launch of underwater blue laser lidar products by Guangfeng Technology, marking the entry into a new era of effective underwater measurement capabilities [1][6]. Group 1: Event Overview - The 26th China International Optoelectronic Expo (CIOE) took place from September 10 to 12, gathering over 3,800 exhibitors from more than 30 countries and regions [1]. - Guangfeng Technology made its debut at the expo, announcing the release of two underwater blue laser lidar products, the Yuanmou D10 and Yuanmou T1, targeting both consumer and professional markets [1]. Group 2: Product Features - The Yuanmou D10 is the industry's first consumer-grade underwater blue laser lidar, capable of effective measurement up to 10 meters, thus entering the "10-meter underwater measurement era" [1]. - The Yuanmou T1, aimed at the professional market, has a measurement capability of 10 meters and is designed for high-value applications such as marine surveying and underwater archaeology [13]. Group 3: Market Potential - The market for robotic lidar solutions is projected to grow from 8.2 billion yuan in 2022 to 216.2 billion yuan by 2030, with a compound annual growth rate of 50.6% [7]. - By 2025, the global shipment of lidar units in the robotics sector is expected to reach 400,000 units, with potential demand for lidar in humanoid robots possibly exceeding 10 million units by 2026 [7]. Group 4: Technical Challenges and Solutions - The main challenges for underwater lidar include significant attenuation of infrared lasers in water, effective measurement coverage for large pools, interference from ambient light, and issues with water turbidity [8][9]. - Guangfeng Technology addresses these challenges with three core technological strategies: high-power blue laser, ambient light filtering technology, and self-developed pulse laser algorithms [8][9]. Group 5: Future Plans - Guangfeng Technology aims to achieve mass production of the consumer-grade underwater blue laser lidar by the end of this year and plans to expand its applications into marine economic sectors [16].

Core Insights - Company launched a consumer-grade underwater blue laser lidar, enhancing effective measurement range for consumer underwater robots to 10 meters [1] - The product is expected to enter mass production and shipping this year, primarily targeting pool cleaning robot manufacturers [1] - Global demand for pool cleaning robots is projected to exceed 10 million units by 2026, according to data from Jiacheng Capital [1]