Core Viewpoint - Guangfeng Technology is set to launch its underwater LiDAR product at the 26th China International Optoelectronic Exposition (CIOE) from September 10 to 12, marking its first radar product release [1] Company Developments - The underwater LiDAR product will primarily be applied in the underwater robotics sector [1] - The company will also unveil its latest micro AR optical machine, which is highly compatible with the newly launched PVG waveguide product from Gudong Intelligent [1] - The combination of these two products is expected to achieve significant breakthroughs in enhancing the overall performance and cost control of AR glasses [1]

Core Insights - The company Guangfeng Technology will launch its underwater LiDAR products at the 26th China International Optoelectronic Exposition (CIOE) from September 10 to 12, marking its first radar product release [1] - The company will also unveil its latest micro AR optical engine, which is highly compatible with the newly launched PVG waveguide products from Gudong Intelligent, potentially leading to significant breakthroughs in the overall performance and cost control of AR glasses [1] Company Developments - Guangfeng Technology is entering the underwater robotics market with its new LiDAR product, indicating a strategic expansion into emerging technology sectors [1] - The collaboration with Gudong Intelligent on the micro AR optical engine suggests a focus on enhancing AR technology, which could position the company favorably in the growing AR market [1] Industry Trends - The introduction of underwater LiDAR technology aligns with increasing demand for advanced robotics in underwater exploration and applications [1] - The partnership with Gudong Intelligent highlights a trend towards integrating complementary technologies to improve product performance in the AR industry [1]

Group 1 - The company, Dekoli (688205.SH), is developing high-speed optical modules using thin-film lithium niobate modulator chips [1] - The new optical module products include 400G and 800G options, designed for long-distance and low-power applications [1]

Group 1 - The company, Jiu Zhi Yang (300516.SZ), has developed core modules such as spaceborne fiber amplifiers (EDFA) and spaceborne shortwave infrared cameras [1] - These core modules have been applied in China Satcom [1]

Group 1 - Hefei Keling Times Optoelectronics Technology Co., Ltd. has been established with a registered capital of 100,000 RMB [1] - The legal representative of the company is Wang Lianwei [1] - The company's business scope includes technology services, development, consulting, and sales of optoelectronic devices, semiconductor lighting devices, software development, integrated circuit chips, and various manufacturing and sales activities [1]

证券代码：688400 证券简称：凌云光 公告编号：2025-067 凌云光技术股份有限公司 关于 2025 年半年度计提资产减值准备的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 一、计提资产减值准备情况概述 结合公司的实际经营情况及行业市场变化等因素的影响，根据《企业会计准 则》及凌云光技术股份有限公司（以下简称"公司"）会计政策、会计估计的相 关规定，为客观、公允地反映公司截至 2025 年 6 月 30 日的财务状况和经营成果， 公司及子公司对截至 2025 年 6 月 30 日公司资产进行了减值测试，本着谨慎性原 则，公司 2025 年半年度确认信用减值损失 1,463.28 万元、资产减值损失 1,050.00 万元，共计 2,513.28 万元，明细如下： 单位：人民币万元 项目 本期计提金额 备注 主要系应收票据坏账损失、应收账款坏账损 信用减值损失 1,463.28 失、应收款项融资坏账损失、其他应收款坏 账损失 合计 2,513.28 二、计提资产减值准备具体说明 （一）信用减值损失 资产负债表 ...

Core Viewpoint - The company has implemented a "Quality Improvement and Efficiency Enhancement" action plan for 2025, focusing on optimizing operations, governance, and investor returns to support high-quality economic development [2]. Group 1: Business Performance - The company reported a net profit attributable to shareholders of 28.09 million yuan, a decrease of 48.17% year-on-year, and a net profit of 19.11 million yuan after deducting non-recurring gains and losses, down 48.23% year-on-year [2]. - The company is focusing on the computing power sector, increasing R&D investment, and enhancing its core competitiveness through product line upgrades and global market expansion [2][3]. Group 2: R&D Investment - R&D investment reached 49.48 million yuan, accounting for 11.42% of revenue, supporting technological breakthroughs in high-end optical modules and other products [3]. - The company achieved small-scale trial production of 400G coherent modules and completed iterations of 400G/800G computing power products, with ongoing development of 1.6T ultra-high-speed modules [3][4]. Group 3: Governance Structure - The company has optimized its governance structure by canceling the supervisory board, with the audit committee of the board taking over supervisory functions to enhance efficiency and transparency [5][6]. - The company emphasizes compliance management and has conducted special inspections in key business areas to improve internal control systems [4][6]. Group 4: Investor Relations - The company has published 56 announcements in the first half of 2025, ensuring accurate and timely information disclosure, with a 100% response rate to investor inquiries [6][7]. - The company actively engages with investors through various channels, including telephone conferences and participation in events organized by the Shanghai Stock Exchange [6][7]. Group 5: Dividend Policy - The company has announced a cash dividend of 3.00 yuan per 10 shares, totaling 60.17% of the net profit attributable to shareholders for 2024, with cumulative cash dividends of 142 million yuan since 2022 [7]. - The company aims to maintain a reasonable dividend policy while focusing on core business and stable operations to ensure long-term investor returns [7]. Group 6: Management and Performance Alignment - The company has implemented a long-term incentive mechanism by granting restricted stock to 322 core technical and business personnel, aligning their interests with shareholder returns [8]. - The annual compensation plan for directors and senior management is closely linked to the company's performance and operational goals, promoting long-term stability and value enhancement [8].

Core Viewpoint - The company, Yantai Ruichuang Micro-Nano Technology Co., Ltd., has announced a delay in the investment timeline for part of its fundraising projects, specifically the "Supply Chain Center Infrared Thermal Imaging System Project," while maintaining the original investment amount and project content [1][4]. Fundraising Overview - The company was approved to issue 15,646,900 convertible bonds with a total fundraising amount of 1,564.69 million RMB, resulting in a net amount of 1,554.79 million RMB after deducting related fees [1]. - The total planned investment for the projects is 2,410.60 million RMB, with the net fundraising amount intended for these projects being 1,564.69 million RMB [2][3]. Project Changes - The "Supply Chain Center Infrared Thermal Imaging System Project" has undergone a name change and a shift in implementation entities to include wholly-owned subsidiaries Ruichuang Microelectronics, Ruichuang Intelligent Manufacturing, and Ruichuang Guangzhou [3]. - The investment deadline for the "Supply Chain Center Infrared Thermal Imaging System Project" has been postponed from December 2025 to June 2027 [4]. Reasons for Delay - The delay is attributed to the project's early construction phase and aims to align the investment with the company's long-term strategic goals, enhancing the effectiveness and quality of fund usage [4]. Impact of Delay - The delay is not expected to materially affect the project's implementation or the company's normal operations, as the investment amount, project content, and implementation entities remain unchanged [4][5]. Decision-Making Process - The decision to delay the project was approved by the company's board and supervisory committee, indicating adherence to necessary approval procedures [5].

王 胜 ??????????????雾??仍??? 杨 ?????????????? ??????O????????????????? ?????????????π????????ā????????、????? ????????????π????、?ā??????ā?徐???????????????? 、??к??2023 ???????????????????????????? к?????ъ?????? ?к?????、???к???? ?к????? ?、 ??к????????? 1 ?üü????????????????? ????????、??? 2025 ?????????有?仍??亩???y由 ???????o???π? a????????????? ?a??????????????? ????? 2025 ? 4 ? 24 ??????????????????????? ???a????????????享????? 2025 ??????????????????? ??壳? 2025 ???????????仍ㅠ?? 11,250.00 s?????????????????????? ???? ...

Core Viewpoint - Ruike Laser's stock price closed at 29.89 yuan on August 27, 2025, down 1.94% from the previous trading day, with a trading volume of 898 million yuan and a turnover rate of 5.72% [1] Company Performance - Ruike Laser's main business includes the research, production, and sales of fiber laser and its key components and materials, which are widely used in industrial manufacturing, communication, and medical fields [1] - For the first half of 2025, the company reported operating revenue of 1.664 billion yuan, an increase of 4.85% year-on-year; however, the net profit attributable to shareholders decreased by 23.78% to 73.09 million yuan [1] Market Activity - On August 27, 2025, the net inflow of main funds was 54.2042 million yuan, with a cumulative net inflow of 20.9168 million yuan over the past five days [1]