Core Insights - The company, Appotronics, reported a significant decline in net profit for 2024, with a decrease of 72.91% year-on-year, while achieving a revenue of 2.41857 billion yuan, with over 600 million yuan coming from automotive business [1][3] - In Q1 2025, the company experienced a slight revenue growth of 3.67% year-on-year, totaling approximately 461.38 million yuan, but reported a net loss of approximately 21.36 million yuan, a decline of 147.95% year-on-year [2][3] - The company has been focusing on R&D, with a total investment of 248 million yuan in 2024, representing 10.24% of its revenue, and a further increase in R&D spending in Q1 2025 [4][5] Financial Performance - For 2024, the company reported a net profit of approximately 27.95 million yuan, down 72.91% year-on-year, with a basic earnings per share of 0.06 yuan, a decrease of 73.91% [1][3] - In Q1 2025, the company recorded a net loss of approximately 21.36 million yuan, with basic and diluted earnings per share both at -0.05 yuan, reflecting a 150% decline [2][3] - The operating cash flow for Q1 2025 was approximately 64.13 million yuan, showing a significant increase of 424.57% year-on-year [2][3] Business Developments - The automotive optical business has shown promising growth, achieving revenue of approximately 78.78 million yuan in Q1 2025, a year-on-year increase of 64.03% [2][3] - The company launched innovative products, including the "Lingjing" intelligent automotive optical system, which allows for various projection capabilities and AI voice control [2][4] - Appotronics has been actively participating in international exhibitions, showcasing its technology and products, including a new laser engraving machine and a compact AR light engine [4][5] ESG and Corporate Governance - In 2024, the company emphasized its commitment to environmental responsibility, reporting energy savings of approximately 6.82 billion kWh and a reduction of 586,800 tons of CO2 emissions through its ALPD® technology [5] - The company has a strong focus on employee development, providing over 16,824 hours of training and promoting diverse career paths [5] - Appotronics has established a transparent governance structure with multiple specialized committees to ensure effective decision-making [5]

Appotronics Corporation Limited The First Quarter Report in 2025 Stock Code: 688007 Stock Short Name: Appotronics Appotronics Corporation Limited The First Quarter Report in 2025 The Board of Directors and all the directors of the Company warrant that the information contained in this Report is free from any misrepresentation, misleading statement or material omission, and agree to assume the liability for the truth, accuracy and completeness of this Report according to the law. Important Note The Board of ...

上海市锦天城律师事务所 关于南京茂莱光学科技股份有限公司 向不特定对象发行可转换公司债券的 补充法律意见书（一） 地址：上海市浦东新区银城中路 501 号上海中心大厦 9/11/12 层 电话：021-20511000 传真：021-20511999 邮编：200120 上海市锦天城律师事务所 补充法律意见书（一） 目 录 上海市锦天城律师事务所 关于南京茂莱光学科技股份有限公司 向不特定对象发行可转换公司债券的 补充法律意见书（一） 致：南京茂莱光学科技股份有限公司 上海市锦天城律师事务所（以下简称"本所"）接受南京茂莱光学科技股份 有限公司（以下简称"发行人"或"公司"或"茂莱光学"）的委托，并根据发 行人与本所签订的《专项法律服务合同》，作为发行人向不特定对象发行可转换 公司债券（以下简称"本次发行"）工作的特聘专项法律顾问。 本所已根据相关法律、法规、规章及规范性文件的规定并按照律师行业公认 的业务标准、道德规范和勤勉尽责的查验原则，对发行人已经提供的与本次发行 有关的文件和有关事实进行了核查和验证，并于 2025 年 4 月 21 日出具《上海市 锦天城律师事务所关于南京茂莱光学科技股份有限公司向不 ...

关于南京茂莱光学科技股份有限公司 向不特定对象发行可转换公司债券之发行保荐书 中国证券监督管理委员会、上海证券交易所： 南京茂莱光学科技股份有限公司（以下简称"茂莱光学"、"发行人"或"公司"） 拟申请向不特定对象发行可转换公司债券募集资金总额不超过人民币 58,125.00 万元 （含本数）（以下简称"本次证券发行"、"本次发行"或"向不特定对象发行可转换公 司债券"），并已聘请中国国际金融股份有限公司（以下简称"中金公司"）作为本次证 券发行的保荐机构（以下简称"保荐机构"或"本机构"）。 根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证 （以下简称"《证券法》"）、 关于南京茂莱光学科技股份有限公司 向不特定对象发行可转换公司债券之 发行保荐书 保荐机构 （北京市朝阳区建国门外大街 1 号国贸大厦 2 座 27 层及 28 层） 南京茂莱光学科技股份有限公司 发行保荐书 券法》 （以下简称"《保 《证券发行上市保荐业务管理办法》 荐办法》"）、《上市公司证券发行注册管理办法》（以下简称"《注册管理办法》"）、 《发行证券的公司信息披露内容与格式准则第 27 号——发行保荐书和发 ...

Core Viewpoint - Maolai Optics (688502.SH) is accelerating its expansion by issuing convertible bonds to raise up to 581 million yuan for the construction of ultra-precision optical production and R&D projects, which will enhance its production capacity and operational efficiency [1][2]. Group 1: Financial Performance - In Q1 2025, Maolai Optics reported revenue of 142 million yuan, a year-on-year increase of 28.23%, and a net profit of 16.64 million yuan, up 288.73% [5]. - For 2024, the company achieved revenue of 503 million yuan, a 9.78% increase, but net profit decreased by 23.98% to 35.52 million yuan [4]. - The gross profit margin for Q1 2025 was 50.49%, an increase of 1.01 percentage points year-on-year [5]. Group 2: Investment Projects - The ultra-precision optical production project has a total investment of 417 million yuan, with the raised funds expected to cover this amount entirely [2]. - The project is projected to achieve an internal rate of return of 16.51% (after tax) and a payback period of 8.3 years, with expected annual sales revenue of 600 million yuan upon reaching full capacity [2][3]. Group 3: Market Context - The semiconductor equipment market in China has surpassed 200 billion yuan, with photolithography equipment demand being particularly strong, accounting for over 20% of the market [3]. - Maolai Optics aims to leverage its technological and production advantages to expand its market share in the semiconductor ultra-precision optical sector [3]. Group 4: R&D Investment - From 2022 to 2024, Maolai Optics' R&D expenses increased annually, totaling 192 million yuan over the three years [4][5]. - The company has developed several core technologies, contributing to its high gross profit margins, which were 49.52%, 51.89%, and 48.48% for the years 2022, 2023, and 2024, respectively [5].

"宁波膜智信息科技有限公司"为势银（TrendBank）唯一工商注册实体及收款账户 势银研究： 势银产业研究服务 势银数据： 势银数据产品服务 势银咨询： 势银咨询顾问服务 重要会议： 7月9日-10日，2025势银（第五届）光刻产业大会（安徽合肥） 点此报名 添加文末微信，加 光刻胶 群 在半导体芯片集成高密化和线路精细化上，光刻与刻蚀承担着重要的工艺角色，尤其是在半导体前 道制程中，光刻机与刻蚀机分辨率很大程度上决定了集成电路精细化发展水平。在这里我们重点阐 述光刻产业话题。 | 制程 | 晶圆尺寸 | 金属材料 | 光刻机类型 | | --- | --- | --- | --- | | 0.5µm | 200mm | Al | g-line:436nm | | 0.35µm | 200mm | Al | i-line:365nm | | 0.25µm | 200mm | Al | KrF:248nm(stepper) | | 0.18/0.15µm | 200mm | Al | KrF:248(stepper&scanner) | | 0.13µm | 200/300mm | Al/Cu | ArF: ...

3.公司未来是否有半导体产能扩产计划？资金方面是 否充足，是否有融资计划？ 应用于半导体等新兴应用领域的精密光学元件具有加 工精度要求高、加工难度大的特点。近年来，公司成立了先 进制造工艺中心，购置了磁流变、离子束抛光设备、IBS镀 膜机、三坐标测量仪等超光滑加工与检测设备，并配有"千 级""百级"洁净间，加工精度可以达到超精密级。从当前 公司的半导体业务体量来看，上述产能和现有资金可以满足 当前以及短期内业务小规模提升后的需求。由于上述产能相 关设备的单台套价值普遍较高，都属于相对重资产投入，公 司会审慎地考虑产能扩充计划，如果未来公司半导体业务发 展情况超出了短期产能规划，公司也会考虑通过资本市场的 融资工具解决资金需求，届时公司将按照规定履行审议程序 和披露义务。 4.公司去年产品毛利有所下滑，今年如何展望？ 投资者关系活动记录表 编号：2025-005 | | ☑特定对象调研□分析师会议 | | --- | --- | | 投资者关系活动 | □媒体采访□业绩说明会 □新闻发布会□路演活动 | | 类别 | | | | □现场参观 | | | □其他 | | 活动参与单位名 | 财通基金；银河基金；富 ...

点击 最 下方 关注《材料汇》 ， 点击"❤"和" "并分享 添加 小编微信 ，寻 志同道合 的你 正文 投资逻辑 光刻机是晶圆制造最核心设备之一，技术难度最高且当前国产化率最低。 在半导体制造领域，光刻机是延续摩尔定律的核心装备。当前最高端的产品为ASML 研发 的EUV 光刻机，能支持7nm甚至更先进工艺，是延续摩尔定律的核心突破，正推动半导体产业持续迭代。全球光刻机市场呈现出明显的寡头垄断格局。ASML、 Nikon 和Canon三家公司长期占据全球光刻机市场的主导地位。其中，ASML 凭借其在高端光刻机领域的技术优势，2024 年占据了全球光刻机市场61.2%的份额，特 别是在EUV 光刻机领域，ASML 是全球唯一的供应商。尼康和佳能则主要集中在中低端光刻机领域。 中国光刻机需求量较大，但国产化率极低。 中国目前是 ASML 光刻机最大的客户，2024 年因晶圆厂扩产景气度及超额备货的因素中国区收入占比爆发增长至41%。海外制裁持续加剧，核心科技受制于人，国产替代势在 必行。 光学系统为光刻机最核心部件。 光刻机光学部件指直接参与光的传输和处理过程精密零部件。一台光刻机主要由以下系统组成： 光学系统 ...

Group 1: LIPO Technology and Mini-LED Products - The company's LIPO technology products have received high recognition from clients after three years of R&D and validation, and are now entering mass production, which is expected to positively impact company performance [2] - The Mini-LED technology is rapidly being adopted in automotive displays, with partnerships established with tier 1 clients such as Continental, Faurecia, and Visteon, as well as end customers like BYD, NIO, and Geely, indicating a fast-growing automotive business [3] Group 2: AI Technology and Market Trends - The rapid development of AI technology is driving new market opportunities in smart hardware, with the company actively investing in R&D for emerging products like AR glasses and Micro-LED technology [3] - The demand for precision structural components is expected to increase as electronic devices trend towards lightweight and integrated designs, providing new growth opportunities for the company [3] Group 3: LCD Industry Outlook - The recovery of the macro economy and consumer demand is leading to a resurgence in the consumer electronics sector, with a growing need for intelligent, thin, large, interactive, and ultra-high-definition screens [3] - The traditional LCD display market is anticipated to continue its steady and healthy development due to ongoing domestic and international demand growth and industry optimization [3]

（文/杨依婷 编辑/吕栋） 近日，有数码博主在微博爆料称，vivo、小米、OPPO和华为都有新机在评估测试外挂镜头，下一代估计不止一家会"开挂"。 外挂镜头即附加在智能手机上的光学组件，可以扩展手机摄影的功能和效果。 在这之前，vivo、小米、真我、OPPO、摩托罗拉等品牌也都曾出过外挂镜头。有网友认为，很多人买旗舰手机看中的是"旗舰"而非"影像"，外挂镜头的方 案可以同时提升旗舰手机的上限和下限，普通用户可以获得更好的用机体验，影像爱好者可以通过额外购买外挂镜头享受更好的画质。 具体来看，今年4月，vivo推出了一款旗舰影像机型vivo X200 Ultra，同时为其打造了一款蔡司2.35x长焦增距镜。据官方介绍，该镜头采用开普勒结构提升 远摄清晰画质，与85mm 长焦镜头搭配升级成为等效200mm焦距的超长焦镜头。其配备增距镜的摄影师套装版一经上线便很快售罄。 同时，真我也曾推出外置镜头方案，1英寸定制主摄、10倍光学变焦，支持AI视频消除、AI语音修图等功能。不同的是，真我的方案是手机内置CMOS。 不过，也有网友并不看好外挂镜头，认为"手机是为了方便，现在天天在镜头上做文章是得不偿失"，也有网友直言： ...