Group 1 - The company held an earnings briefing on September 10, 2025, where executives provided insights into machine vision and automotive business developments [1][2] - The chairman and other senior executives participated in the event, addressing investor inquiries [2] - The machine vision business generated revenue of 24.725241 million yuan in the first half of 2025, representing a 51.7% increase from 16.298575 million yuan in the same period last year [3] Group 2 - The automotive business reported revenue of 163.5776 million yuan as of August 29, 2025 [3] - The company supplies glass aspheric lenses to Tesla's supply chain for ADAS automotive lenses, indicating a growing business segment [3] - The company is increasing R&D investment and production capacity for smart driving products, including automotive lenses and HUD optical components [3]

证券日报网讯联创电子（002036）9月10日在互动平台回答投资者提问时表示，公司高度重视技术研发 与知识产权保护，配备有专职的知识产权管理团队，积极布局技术专利。为保护核心技术，公司已构建 严密的内部防控体系，对核心技术内容实行分级加密与权限管控，并与合作伙伴签订严格保密协议，严 防技术外泄。面对技术侵权行为，公司坚决采取法律手段严厉打击，捍卫自身知识产权；尤其在车载光 学领域，公司已通过技术隔离与专利布局，实现重点保护。 ...

Core Viewpoint - The company, Crystal Optoelectronics (002273.SZ), has indicated that its products are applicable in various fields such as 2D and 3D imaging, biometric recognition, and sensing, potentially serving as visual interfaces for robotic terminals [1] Group 1 - The company's products can be utilized in 2D and 3D imaging applications [1] - The products are also relevant for biometric recognition and sensing technologies [1] - The company suggests that its products may function as visual ports for robotic terminals [1]

水晶光电9月10日在互动平台表示，公司产品可用于2D、3D拍摄、生物识别及传感等领域，产品或可作 为视觉端口，应用于机器人终端。 ...

Group 1 - The company Crystal Optoelectronics (002273.SZ) confirmed that its products can be applied in fields such as 2D and 3D imaging, biometric recognition, and sensing [1] - The company's products may serve as visual interfaces for robotic terminals, indicating potential applications in robotics [1]

Core Insights - The company has achieved multiple technological breakthroughs and industrialization results in the AR/VR glasses sector, leveraging its core technologies in optical optoelectronics and semiconductors [2] - The company is currently in a capacity ramp-up phase, with several products, including ultrasonic fingerprint chip acoustic layers and image sensor (CIS) optical path solutions, having reached mass production [2] - The new facility in Hangzhou is progressing as planned, with the entire construction project expected to complete planning acceptance by June 2025 [2] Production and Capacity - The company has successfully developed semiconductor process bonding prisms, which have received customer recognition, and is gradually increasing production capacity with new products [2] - The utilization rate of production capacity is expected to continue improving as existing products ramp up and new products enter mass production [2] Future Outlook - The company plans to continue focusing on niche areas within the optical optoelectronics and semiconductor industries, with rapid growth observed in semiconductor acousto-optics and semiconductor packaging businesses [2] - New products such as semiconductor process bonding prisms and MicroLED are anticipated to drive future business growth [2]

Market Overview - The optical and optoelectronic sector experienced a decline of 0.32% on September 10, with Tengjing Technology leading the drop [1] - The Shanghai Composite Index closed at 3812.22, up 0.13%, while the Shenzhen Component Index closed at 12557.68, up 0.38% [1] Stock Performance - Notable gainers in the optical and optoelectronic sector included: - Dalu Technology (301045) with a closing price of 26.05, up 6.85% [1] - Wenbisen (300389) with a closing price of 17.15, up 6.06% [1] - ST Yushun (002289) with a closing price of 32.10, up 5.00% [1] - Major decliners included: - Tengjing Technology (688195) with a closing price of 84.53, down 5.24% [2] - Anfei Optoelectronics (300303) with a closing price of 7.07, down 3.02% [2] - O-film (002456) with a closing price of 12.86, down 2.65% [2] Capital Flow - The optical and optoelectronic sector saw a net outflow of 1.024 billion yuan from institutional investors, while retail investors had a net inflow of 839 million yuan [2] - Key stocks with significant capital flow included: - Dongtian Micro (301183) with a net inflow of 87.05 million yuan from institutional investors [3] - Wanrun Technology (002654) with a net inflow of 57.41 million yuan from institutional investors [3] - Aolaide (688378) with a net inflow of 29.26 million yuan from institutional investors [3]

Core Viewpoint - Yutong Optical experienced a significant stock price increase of 15.47%, reaching a new high of 35.53 CNY per share, with a total market capitalization surpassing 13.292 billion CNY and a trading volume of 1.036 billion CNY [2] Company Summary - Yutong Optical's stock price rose by 15.47% on September 10, indicating strong market performance [2] - The company's market capitalization exceeded 13.292 billion CNY, reflecting investor confidence and interest [2] - The trading volume reached 1.036 billion CNY, suggesting active trading and liquidity in the stock [2]

Core Viewpoint - Yongxin Optical (603297) experienced a stock price decline of 2.5% to 103.16 yuan as of September 5, 2025, after reaching a nearly one-year high of 120.77 yuan on September 2, 2025 [1] Trading Information Summary - On September 1, 2025, Yongxin Optical recorded a block trade at a discount of 14.16%, with a total transaction value of 10.989 million yuan [2][5] Shareholder Changes - On September 2, 2025, Yongxin Optical announced that shareholder Angao International Resources Co., Ltd. reduced its holdings by 200,000 shares, representing 0.1803% of the total share capital, during a period when the stock price increased by 10.0% [3] - Angao International completed its share reduction plan, having reduced a total of 200,000 shares, with the reduction price ranging from 105.80 to 111.80 yuan per share, totaling 21,987,130 yuan [4][5]

Core Viewpoint - Hongjing Optoelectronics is actively expanding its business in industrial inspection, medical applications, artificial intelligence hardware, and machine vision, with a projected revenue of approximately 50 million yuan from these sectors in the first half of 2025, accounting for about 7.55% of total revenue [1] Group 1: Business Segments - The company has achieved initial success in machine vision, with mass production of projects such as lawnmowers and motion-sensing game consoles [1] - Hongjing Optoelectronics is recognized for its optical products that utilize glass-plastic hybrid technology, which has been well-received in emerging consumer electronics and smart automotive applications [1] - In the emerging consumer business, the company's smart home optical lenses are designed with glass-plastic hybrid technology, offering wide-angle, ultra-thin, and high-quality night vision capabilities [1] - The panoramic and action camera modules combine glass spherical and aspherical lenses to achieve ultra-high definition, ultra-wide angle, low glare, and non-thermal characteristics [1] - The automotive segment features high-definition, wide-angle, and large aperture vehicle-mounted lens products that meet the stringent reliability and performance requirements of automotive imaging systems [1] Group 2: Financial Performance - In the first half of 2025, the gross margin for the emerging consumer camera module business was 15.48%, showing a decline compared to the same period last year [1] - The decline in gross margin is attributed to the ramp-up phase of new product yields, increased rework costs due to manufacturing complexity, and significant fluctuations in the value and prices of purchased materials [1] - The company maintains that its current gross margin level is within a reasonable range and plans to enhance profitability through continuous improvements in production processes, driving down core material costs, and optimizing product structure [2]