中证报中证网讯（记者 宋维东）1月8日，在2025世界无人机大会组委会、粤港澳大湾区低空经济研究 院与深圳市无人机行业协会联合评选中，光智科技（300489）凭借在低空经济领域技术创新与应用落地 方面的突出表现，荣获"2025中国无人机卓越技术创新奖"。此次获奖，是对光智科技"全产业链+核心技 术"发展战略的一次有力验证，是公司在红外热成像与无人机融合应用方面再次获得行业权威认可。光 智科技相关负责人表示，未来将继续深化全产业链布局，持续推动红外技术与低空经济深度融合。 光智科技致力于构建从材料、探测器到机芯模组与系统解决方案的红外全产业链能力。在此坚实基础 上，UCC3系列机芯作为产业链中承上启下的关键核心，汇聚了公司在材料、集成电路、光学设计、图 像算法等领域的综合技术结晶，实现了从基础技术到行业应用垂直整合与高效转化。 上述负责人表示，UCC3系列机芯是光智科技全产业链优势在具体产品上的集中体现。目前，该机芯已 广泛应用于安防监控、工业测温、智慧农林、应急救援等多个领域，通过提供高性能、高可靠性、易集 成的红外核心，持续推动无人机技术在千行百业中深化应用与普及。 UCC3系列机芯模组突破多项技术瓶颈，精 ...

睿创微纳（688002.SH）12月26日在投资者互动平台表示，目前公司的红外产品在极氪9X上搭载，并实 现了全球首个红外AEB（自动紧急制动）功能的量产落地，公司也在持续推进其他车厂、车型的市场推 广工作。 （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：公司的全球首个红外AEB（自动紧急制动）系统，目 前除了在极氪9X上配置外，在其他车型和其他公司的推广情况怎么样？ ...

有投资者在互动平台向久之洋提问："公司既属于央企控股的国有上市企业，公司与高德红外是否存在 竞争关系？公司在激烈的市场竞争中，平衡国企与市场效率的问题？" 针对上述提问，久之洋回应称："尊敬的投资者您好。公司专注于红外热像仪、激光传感器、光学元件 及膜系镀制、星体跟踪器等核心业务领域。公司与高德红外虽同属红外相关领域，但产品方向、技术路 径各有侧重，市场定位存在差异，各自拥有不同的竞争优势和市场领域。公司始终坚持市场化运作，注 重效率与效益的平衡，通过持续提升研制生产能力，打造高品质差异化产品，优化服务流程，以优质产 品和服务不断提升公司的市场地位和竞争力，实现国企效率与市场效率的有效结合。感谢您对公司的关 注。" 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 来源：市场资讯 ...

Core Viewpoint - The actual controller and chairman of Gaode Infrared, Huang Li, plans to reduce his shareholding by up to 128 million shares, accounting for 3.00% of the total share capital, to fund the business development of another listed company [1][2]. Group 1: Shareholding and Reduction Plan - Huang Li directly holds 27.10% of Gaode Infrared's shares, while he and his concerted parties collectively hold 63.49% [2]. - The reduction plan will not lead to a change in the company's control or affect its governance structure and ongoing operations [2]. Group 2: Company Background - Gaode Infrared, founded in 1999, specializes in the research and production of infrared core chips, infrared thermal imaging products, high-end optoelectronic systems, and advanced equipment systems [2]. Group 3: Financial Performance - Gaode Infrared's net profit has declined for three consecutive years, with projected net profits of 502 million yuan, 67.7 million yuan, and a loss of 447 million yuan for 2022, 2023, and 2024 respectively, representing year-on-year declines of 54.82%, 86.51%, and 760.56% [2]. - The company has seen significant growth in revenue this year, with a 69.27% year-on-year increase to 3.068 billion yuan in the first three quarters, and a net profit increase of 1058.95% to 582 million yuan [2].

Summary of Conference Call Notes Industry Overview - The focus is on the AIDC (Aerospace Industry Development Corporation) and gas turbine sectors, with significant attention on military technology and infrared technology companies like Gaode Infrared [1][6]. Key Points and Arguments 1. **Gas Turbine Demand**: The demand for gas turbines is driven by the electricity bottleneck in AI computing centers, with major players like Siemens, GE, and Mitsubishi holding over 75% market share. Orders and revenues are expected to see significant growth from Q4 2024 to Q3 2025 [1][3][5]. 2. **Military Investment Focus**: Future military investments will prioritize ammunition consumption, particularly low-cost guided munitions and the development of unmanned and intelligent combat clusters [1][4]. 3. **Growth of Aviation Industry**: AVIC (Aviation Industry Corporation of China) is positioned for growth as a key manufacturer of naval aircraft, particularly the J-35 series, which is expected to secure contracts and commence pre-production [1][4][10]. 4. **Gaode Infrared's Market Position**: Gaode Infrared has established itself as a representative company in the infrared technology sector, with a comprehensive layout in military applications and active expansion into domestic and military trade markets [1][6]. 5. **Weaponry Industrial Group's Robotics Development**: The Weaponry Industrial Group is focusing on humanoid robots, leveraging military-civilian integration to enhance competitiveness and innovation in technology [1][7]. 6. **Ammunition Production Advances**: The group is advancing in ammunition production, with new models entering mass production phases, reflecting a significant demand in the context of evolving warfare strategies [8][9]. 7. **Defense Technology Industrial System**: The defense technology industrial system is undergoing a recovery phase, with investors advised to monitor financial indicators such as revenue recognition and cash flow from companies like Zhongbing Hongjian and Beifang Navigation [13]. 8. **Future Development Lines in Military Industry**: The military industry is expected to develop along three main lines: internal installations, military trade, and military-to-civilian transitions, with specific companies recommended for investment [14]. Additional Important Insights - The integration of advanced naval capabilities, such as the Fujian aircraft carrier, marks a significant leap in China's naval equipment development, enhancing long-range and strategic naval capabilities [10]. - The domestic advanced fighter jet development, particularly the J-35, is characterized by a systematic approach to production and export, which is expected to boost China's high-end military trade [11][12]. - The emphasis on maintaining investor relations and market capitalization management is evident among military state-owned enterprises, indicating a strategic focus on transparency and growth [3][4]. This summary encapsulates the critical insights from the conference call, highlighting the strategic directions and market dynamics within the aerospace and military sectors.

Core Viewpoint - The company emphasizes the significance of infrared technology in industrial applications, highlighting its potential for growth due to economic development and technological advancements in China [1] Group 1: Industrial Applications - Industrial scenarios are identified as a key application area for infrared technology in consumer products, representing a major downstream market for the company's offerings [1] - The continuous growth of China's economy and the modernization of industries are expected to drive the adoption of infrared thermal imaging technology in more industrial settings [1] Group 2: Market Expansion - The company has been actively promoting its products overseas and expanding its market reach, resulting in positive performance outcomes [1]

Core Insights - The company reported significant growth in Q3 2023, with revenue reaching 1.134 billion yuan, a year-on-year increase of 71.07%, and net profit attributable to shareholders at 401 million yuan, up 1143.72% [1] - For the first three quarters of 2023, total revenue was 3.068 billion yuan, reflecting a 69.27% increase, while net profit attributable to shareholders was 582 million yuan, marking a 1058.95% rise [1] - The increase in revenue is attributed to the resumption of delayed product deliveries and the completion of foreign acceptance for a contract with a trading company, alongside expansion into civilian markets and rapid demand for infrared chip applications [1][2] Financial Performance - The net cash flow from operating activities surged nearly 55 times year-on-year due to increased cash receipts from sales [1] - However, cash flow from financing activities significantly decreased due to a higher repayment of bank loans compared to the previous period [1] Market Strategy - The company has been focusing on deepening its presence in emerging sectors within the infrared field and enhancing its comprehensive solution capabilities, leveraging smart sensing technology to aid digital transformation across industries [2] - The company is actively pursuing overseas business collaborations and expanding into new markets, with previous years seeing successful bulk deliveries of complete equipment systems to multiple countries [2] Stock Performance - Since July 2023, the company's stock price has accelerated, with a cumulative increase of approximately 31%, although institutional shareholders have been reducing their holdings [3] - As of the end of Q3, notable changes in the top ten shareholders include the addition of Changxin National Defense Military Industry Quantitative Flexible Allocation Mixed Securities Investment Fund as the seventh-largest shareholder, holding 0.56% [3]

Core Viewpoint - Gaode Infrared (002414) reported significant growth in its third-quarter financial results, with a notable increase in both revenue and net profit compared to the previous year [1] Financial Performance - In Q3, the company achieved revenue of 1.134 billion yuan, a year-on-year increase of 71.07% [1] - The net profit attributable to shareholders reached 401 million yuan, reflecting a staggering year-on-year growth of 1143.72% [1] - For the first three quarters, total revenue was 3.068 billion yuan, up 69.27% year-on-year, while net profit attributable to shareholders was 582 million yuan, an increase of 1058.95% [1] - The net cash flow from operating activities surged nearly 55 times year-on-year due to increased cash receipts from sales [1] Business Operations - The company’s business includes infrared focal plane detector chips, infrared thermal imaging systems, and comprehensive optoelectronic systems [1] - Revenue growth is attributed to the resumption of delayed project deliveries and the completion of foreign acceptance for a contract with a trading company [1] - The company is actively expanding into the civilian product sector, with rapid demand growth in infrared chip applications [1][2] Market Strategy - The company has been focusing on enhancing its capabilities in emerging sectors within the infrared field and supporting digital transformation across industries [2] - It is also pursuing overseas business collaborations to expand its market presence, with successful deliveries of complete equipment systems to multiple countries in previous years [2] Stock Performance - Since July, Gaode Infrared's stock price has increased by approximately 31%, although institutional shareholders have been reducing their holdings [3] - As of the end of Q3, a new institutional shareholder, Changxin National Defense Military Industry Quantitative Flexible Allocation Mixed Securities Investment Fund, became the seventh-largest shareholder with a 0.56% stake [3]

Core Viewpoint - Gaode Infrared (002414) reported significant growth in both revenue and net profit for the third quarter and the first three quarters of the year, driven by the recovery of delayed projects and expansion into civilian product areas [1] Financial Performance - Third quarter revenue reached 1.134 billion yuan, representing a year-on-year increase of 71.07% [1] - Net profit attributable to shareholders for the third quarter was 401 million yuan, showing a remarkable year-on-year growth of 1143.72% [1] - For the first three quarters, total revenue amounted to 3.068 billion yuan, up 69.27% year-on-year [1] - Net profit attributable to shareholders for the first three quarters was 582 million yuan, reflecting a year-on-year increase of 1058.95% [1] Growth Drivers - Revenue growth in the first three quarters was primarily due to the resumption of delivery for previously delayed model projects [1] - Completion of a foreign acceptance delivery for a comprehensive equipment system contract with a trading company contributed to revenue [1] - The company has actively expanded its civilian product sector, with a rapid increase in demand for infrared chip applications leading to substantial revenue growth [1]

Investment Rating - The report does not explicitly provide an investment rating for the industry or specific companies Core Insights - The civil application of infrared technology is entering a period of explosive growth, characterized by the miniaturization and integration of detectors, along with deep integration with AI technology, which is driving the continuous expansion of application scenarios [23][41][42] Summary by Sections Event Overview - The CIOE Infrared Technology & Application Exhibition showcased leading enterprises releasing new products and full-scenario solutions, highlighting strong technological capabilities [23] Company Innovations - Raytron Technology's Turing M micro-module, featuring 8μm technology, won the "CIOE Innovative Product Award" and is redefining infrared sensing boundaries through full-chain innovation [24][25] - Guide Infrared presented a comprehensive technology portfolio and scenario-based new product matrix, focusing on the integration of infrared technology with immersive experiences [31] - Hikvision Microelectronics demonstrated its MEMS technology, achieving full-chain coverage from 12μm detectors to multi-scenario cores, showcasing its deep layout in the intelligent IoT field [37] Application Scenarios - Five key scenarios empowered by infrared technology include industrial safety, visual security, outdoor exploration, automotive-grade systems, and intelligent robotics, each demonstrating significant advancements in functionality and performance [26][29][30][32][36] - The RG630 handheld gas imager integrates an 8μm detector and AI algorithms, achieving a false alarm rate of less than 0.5% in petrochemical scenarios [26] - The automotive-grade infrared system supports a wide temperature range and enhances night-time pedestrian recognition distance to 200m, surpassing competitors [29] Market Trends - The integration of optical communication and infrared technology is a highlight, with products indicating that the combined application of "infrared + AI + 5G" is poised for explosive growth [40] - The trend towards low-cost and high-performance infrared technology is evident, with mature mass production processes driving down prices for civil products [42]