| 权益类证券大宗交易(协议交易) | | | | | | | 团 下载 | | --- | --- | --- | --- | --- | --- | --- | --- | | 交易日期 | 证券代码 | 证券简称 | 成交价格 (元) | 成交量 (万股/万份) | 成交金额 (万元) | 买方营业部 | 卖方营业部 | | 2025-10-16 | 300691 | 联合光电 | 15.27 | 78.51 | | 1,198.85中信证券股份有限 | 中信证券股份有限 | | | | | | | | 公司上海分公司 | 公司深圳深南中路 | | | | | | | | | 中信大厦证券营业 नार | 10月16日，联合光电大宗交易成交78.51万股，成交额1198.85万元，占当日总成交额的14.07%，成交价 15.27元，较市场收盘价17.64元折价13.44%。 ...

Q3、公司调光导电膜主要采用哪种技术路线，优点缺点如何？ 答：目前市场主流的调光膜技术分为 PDLC（聚合物分散液晶）、 SPD（悬浮粒子）、LC（染料液晶）和 EC（电致变色）四种。公 司开发的调光导电膜系列产品覆盖了前述的这四种主流技术，目 前在售的产品以 EC 为主，应用于汽车天幕、侧窗、后视镜等场景。 优缺点来看，EC 电致变色路线优点在于低电压，耗电少，断电情 况下仍然能保持原色，变色倍率、雾度性能都较优，缺点在于变 色速度相较于其他路线慢。PDCL 以及 PDCLC 路线的优点在于变色 快，但是雾度偏高，从公司导电材料的角度看，对方阻要求不高， 技术壁垒相对较低。SPD 最主要是工作电压高，耗电且雾度也偏 高。 证券代码：003015 证券简称：日久光电 江苏日久光电股份有限公司投资者关系活动记录表 编号：2025-009 | ☑ | 特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活动类 | □媒体采访 □业绩说明会 | | 别 | □新闻发布会 □路演活动 | | | □现场参观 | | | □其他 （请文字说明其他活动内容） | | 活动参与人员 | 宁银理财 高晗 ...

Core Insights - The optical optoelectronics sector experienced a decline of 1.32% on October 16, with Maolai Optics leading the drop [1] - The Shanghai Composite Index closed at 3916.23, up 0.1%, while the Shenzhen Component Index closed at 13086.41, down 0.25% [1] Stock Performance Summary - Jiuliang Co. (300808) saw a significant increase of 6.18%, closing at 30.22 with a trading volume of 67,400 shares and a transaction value of 207 million yuan [1] - Huichuangda (300909) rose by 3.93%, closing at 34.38 with a trading volume of 86,700 shares and a transaction value of 298.6 million yuan [1] - Chengfeng Technology (603685) increased by 3.21%, closing at 17.71 with a trading volume of 62,300 shares and a transaction value of 110 million yuan [1] - Conversely, Chenglai Optics (688502) fell by 6.38%, closing at 369.03 with a trading volume of 16,000 shares and a transaction value of 608 million yuan [2] - Deep Textile A (000045) decreased by 6.29%, closing at 13.71 with a trading volume of 510,700 shares and a transaction value of 713 million yuan [2] Capital Flow Analysis - The optical optoelectronics sector saw a net outflow of 1.363 billion yuan from institutional investors, while retail investors experienced a net inflow of 683 million yuan [2] - Major stocks like Wanrun Technology (002654) had a net inflow of 70.27 million yuan from institutional investors, but a net outflow of 94.70 million yuan from retail investors [3] - Tian Shan Electronics (301379) recorded a net inflow of 29.00 million yuan from institutional investors, but also faced a net outflow of 31.39 million yuan from retail investors [3]

Core Viewpoint - Hongjing Optoelectronics experienced a slight increase in stock price by 0.99% on October 15, with a trading volume of 55.72 million yuan, indicating active market interest [1] Financing Summary - On October 15, Hongjing Optoelectronics had a financing buy amount of 7.18 million yuan, with a net financing outflow of -1.39 million yuan, as the financing repayment reached 8.56 million yuan [1][2] - The total financing balance as of October 15 is 172 million yuan, accounting for 8.98% of the circulating market value [2] Company Overview - Hongjing Optoelectronics, established on August 14, 2012, is located in Zhongshan, Guangdong Province, and specializes in the research, design, production, and sales of optical lenses and camera module products [2] - The revenue composition includes emerging consumer camera modules (56.87%), emerging consumer optical lenses (23.14%), smart automotive optical lenses (18.16%), and others (1.09%) [2] Financial Performance - For the period from January to June 2025, Hongjing Optoelectronics achieved a revenue of 701 million yuan, representing a year-on-year growth of 55.72%, while the net profit attributable to shareholders was 75.52 million yuan, up by 10.22% year-on-year [2] Shareholder Information - As of June 30, 2025, the number of shareholders for Hongjing Optoelectronics is 17,800, a decrease of 0.76% from the previous period, with an average of 1,116 circulating shares per person, an increase of 41.08% [2][3] - The company has distributed a total of 95.32 million yuan in dividends since its A-share listing [3] Institutional Holdings - As of June 30, 2025, among the top ten circulating shareholders, Zhongyou Information Industry Flexible Allocation Mixed A (001227) is the second-largest shareholder with 226,900 shares, while Yuanxin Yongfeng Xingnuo (012064) and Yongying Growth Navigation Mixed A (010562) are new shareholders holding 207,300 shares and 97,700 shares respectively [3]

10月15日，苏大维格（维权）涨0.30%，成交额4.52亿元。两融数据显示，当日苏大维格获融资买入额 3980.36万元，融资偿还5186.39万元，融资净买入-1206.03万元。截至10月15日，苏大维格融资融券余 额合计5.39亿元。 融资方面，苏大维格当日融资买入3980.36万元。当前融资余额5.39亿元，占流通市值的6.29%，融资余 额超过近一年90%分位水平，处于高位。 分红方面，苏大维格A股上市后累计派现1.08亿元。近三年，累计派现0.00元。 机构持仓方面，截止2025年6月30日，苏大维格十大流通股东中，睿远成长价值混合A（007119）位居 第三大流通股东，持股1241.36万股，相比上期减少26.18万股。香港中央结算有限公司位居第五大流通 股东，持股241.69万股，为新进股东。 责任编辑：小浪快报 融券方面，苏大维格10月15日融券偿还0.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00 元；融券余量0.00股，融券余额0.00元，超过近一年80%分位水平，处于高位。 资料显示，苏州苏大维格科技集团股份有限公司位于江苏省苏州工业园区新昌路68号，成立日期2001 ...

Company Overview - Sunny Optical Technology announced September shipment data: 1) Mobile optics: Camera module shipments reached 48.524 million units, up 32.0% YoY and 15.3% MoM, driven by increased customer demand. Lens shipments totaled 118 million units, down 1.0% YoY but up 1.9% MoM, mainly due to product structure adjustments. 2) Automotive-related products: Automotive lens shipments reached 11.66 million units, up 25.2% YoY and 15.8% MoM. 3) Other fields: Shipments of other lenses and optical products decreased by 20.6% YoY and 12.2% MoM, primarily related to VR demand [1]. Market Commentary - The upcoming Android stocking season has led to improved year-on-year trends in mobile optical product sales. The significant YoY increase of 32.0% in camera module shipments in September indicates a notable improvement compared to the first eight months of the year, attributed to a low base last year and earlier stocking schedules from Android customers, including Xiaomi's early launch of new models. Competitor Q Technology also reported a 40.5% YoY increase in shipments in September, likely influenced by similar factors. The YoY trend for lens shipments improved in September, mainly due to the Android stocking season and the launch of new Apple models, although the focus on high-end products has resulted in a slight YoY decline [1]. Product Strategy and Outlook - Given the company's ongoing product structure optimization strategy, it is expected that the average selling price (ASP) and gross margin for mobile optical products will improve YoY. The automotive optical market is steadily expanding, with a 23% YoY increase in automotive lens shipments from January to September, aligning with trends in the intelligent driving industry. The company is well-positioned to benefit from the increasing number of cameras per vehicle and enhanced specifications. In the AR sector, a partnership with GoerTek has been established, which, if completed, will make Shanghai Aolai a wholly-owned subsidiary of GoerTek Optical, with Ningbo Aolai holding a 31.31% stake in GoerTek Optical, making it the second-largest shareholder. This collaboration is expected to leverage resources and accelerate the mass production of etched diffraction waveguides [2]. Profit Forecast and Valuation - Due to better-than-expected sales of mobile optical products, the company's net profit forecasts for 2025 and 2026 have been raised by 4% and 6% to 3.77 billion and 4.50 billion CNY, respectively. The current stock price corresponds to a P/E ratio of 21.3x for 2025 and 17.6x for 2026. The company maintains an outperform rating with a target price of 99.2 HKD, which corresponds to a P/E of 26.4x and 21.8x for 2025 and 2026, indicating a potential upside of 24.1% from the current stock price [2].

Core Viewpoint - The company plans to invest in a new production line for polarizers to meet market demand and enhance its capacity, with an estimated total investment of 1.334 billion yuan [1] Group 1: Investment Details - The subsidiary, Shenzhen Shengbo Optoelectronics Technology Co., Ltd., will establish a new production line for LCD and OLED polarizers in Pingshan District, Shenzhen [1] - The planned production capacity of the new line is approximately 18 million square meters per year, with a width of 1.49 meters [1] - The investment will be financed through a combination of self-funding and bank loans [1] Group 2: Strategic Implications - This project is expected to significantly enhance the company's polarizer production capacity and supply capability for high-value-added products [1] - The investment aims to increase the company's market share in the polarizer segment [1]

Core Viewpoint - The company plans to invest in a new production line for polarizers to meet market demand and enhance its production capacity, with a total estimated investment of 1.334 billion yuan [1] Group 1: Investment Details - The subsidiary, Shenzhen Shengbo Optoelectronics Technology Co., Ltd., will establish a new production line for LCD and OLED polarizers in Pingshan District, Shenzhen [1] - The planned production capacity of the new line is approximately 18 million square meters per year, with a width of 1.49 meters [1] - The investment will be financed through a combination of self-owned funds and bank loans [1] Group 2: Strategic Implications - This project is expected to significantly enhance the company's polarizer production capacity and supply capability for high value-added products [1] - The investment aims to increase the company's market share in the polarizer segment [1]

Core Viewpoint - The company plans to invest in a new production line for polarizers in response to market demand and its own development needs, indicating a strategic move to enhance its manufacturing capabilities in the LCD and OLED sectors [1] Group 1: Investment Details - The total estimated investment for the new production line is 1.334 billion yuan [1] - The planned production capacity is approximately 18 million square meters per year [1] - The construction period is expected to be around 23 months [1] Group 2: Location and Financing - The new facility will be located in Pingshan District, Shenzhen [1] - The funding will be a combination of the company's own funds and bank loans [1] Group 3: Product Focus - The production line will focus on polarizers for LCD and OLED applications [1]

Group 1 - The company, 深纺织A, announced the convening of its eighth board meeting on October 15, 2025, to discuss the investment proposal for a 1.49-meter wide polarizer production line project (Line 8) [1] - The meeting was held in a hybrid format, combining in-person attendance with remote voting [1] Group 2 - The announcement highlights the company's ongoing efforts to expand its production capabilities in the polarizer segment [1]