Core Insights - The company is making significant progress in its overseas automotive designated business, with the AG company's laser radar line light emission module project entering the final verification stage before mass production, with an expected lifecycle volume of approximately 500,000 units [3] - In the optical communication sector, the company maintains stable cooperation with existing international clients and has received the "2025 Best Award" from Coherent for its business continuity and expansion plans [3] - The company is advancing its global manufacturing layout, focusing on laser radar emission module production in Xi'an, while evaluating capacity expansion plans in Southeast Asia to enhance global responsiveness [4] Business Development - The data communication business, which accelerated after the 2024 acquisition, is pushing some clients into sample verification and small batch stages, with expectations for mass supply in 2025, contributing approximately 5% to revenue in 2024 [3] - In the consumer electronics sector, the company is collaborating with North American clients on AR/VR and 3D perception projects, while the automotive lighting business has secured a new project with AG company for vehicle-mounted projection lighting micro-lens arrays, with a lifecycle demand exceeding 3.3 million units [4] - The company is addressing the anticipated decline in gross margin for laser optical components in 2024 by optimizing costs and expanding into high-margin application areas [4] Profitability Enhancement - The company is optimizing costs by relocating automotive business production lines to Shaoguan, which is expected to improve the performance of products with negative gross margins [4] - The semiconductor processing business is experiencing rapid growth in applications such as wafer annealing and display repair, with the Hefei semiconductor base expected to complete its main structure by November 2024 [4] - The company emphasizes continuous optimization of its business structure, accelerating the ramp-up of new businesses, and improving operational quality through sales strategy optimization, cost control, and cash flow management, with clear profitability improvement goals set for 2025 [4]