Core Viewpoint - The company, LIGONG Optical Technology, has demonstrated strong performance in the fiber optic sensing sector, driven by increasing demand for infrastructure safety monitoring and digital upgrades in China [1][2]. Company Performance - For the first three quarters of 2025, the company reported revenue of 469 million yuan, a year-on-year increase of 13.8%, and a net profit attributable to shareholders of 39.61 million yuan, up 47.6% [1]. - The return on equity increased by 1.17 percentage points compared to the same period last year, indicating a dual breakthrough in quality and scale [1]. Technological Advancements - Since its establishment in August 2000, the company has focused on advancing fiber optic sensing technology, with cumulative R&D investment exceeding 320 million yuan [2]. - The company has developed a leading R&D platform in China, with capabilities in innovative development, large-scale production, and engineering applications of fiber optic sensing products [2]. Market Expansion - The company's solutions have penetrated key sectors of the national economy, serving over 4,000 large oil storage tanks, nearly 25,000 kilometers of highway tunnels, over 12,000 kilometers of oil and gas pipelines, and more than 40 major bridges [3]. - Revenue has grown from 230 million yuan in 2016 to an expected 680 million yuan in 2024, with a compound annual growth rate exceeding 14% [3]. Shareholder Returns - Since its listing in 2016, the company has distributed over 100 million yuan in cash dividends, with a dividend payout ratio of 39.5% [3]. - The company is integrating market value management into its long-term strategic management to enhance both company value and market capitalization [3].

Financial Performance - In the first three quarters of 2025, the company achieved a revenue of 469 million CNY, a year-on-year increase of 13.8% [1] - Net profit reached 44.53 million CNY, up 33.8% compared to the same period last year [1] - Net profit attributable to shareholders was 39.61 million CNY, reflecting a growth of 47.6% year-on-year [1] - Return on net assets increased by 1.17% compared to the previous year [1] Market Strategy - The company focuses on national strategic needs and key infrastructure projects, enhancing market planning and expanding application depth [1] - It aims to innovate and optimize product and market structures continuously [1] - The company has equipped over 4,000 large oil storage tanks, nearly 25,000 kilometers of highway tunnels, and 12,000 kilometers of oil and gas pipelines [3] Technological Development - The company is developing a full-stack perception system based on fiber optic sensing technology, targeting major transportation and energy markets [3] - It has created advanced sensing products for extreme environments, including aerospace and oil and gas pipelines [3] - The company has developed an AI platform, FiberXense, to support various industry-specific models [3] Competitive Advantage - The company possesses the largest and most comprehensive fiber optic sensing technology R&D platform in China [5] - It has a full range of innovative development capabilities for fiber optic sensing products [5] - The company’s technology and products are positioned as leading both domestically and internationally, with U.S. competitor Luna as a benchmark [5] Future Outlook - The company plans to enhance revenue and profit growth through three strategies: solidifying core business, expanding new domains, and strengthening operations [9] - It emphasizes the importance of value and market capitalization management as part of its long-term strategic framework [6] - The company expresses confidence in achieving excellent performance to reward investor trust [8]

Core Viewpoint - Wuhan University of Technology Optical Science Co., Ltd. recently held a significant investor research event, focusing on the company's technology, products, and future development prospects [1]. Group 1: Company Overview - The investor activity took place on October 16, 2025, and involved representatives from various institutions, including Huaxia Fund and Huatai Securities [1]. - The company’s securities affairs representative provided an introduction to the company's overview, technology, products, and typical solutions [1]. Group 2: Key Technical Insights - The company has mastered three main fiber sensing technologies: fiber Bragg grating sensing technology, distributed fiber temperature measurement technology, and distributed fiber vibration measurement technology [2]. - The new generation of fiber Bragg grating array sensing technology combines the advantages of both fiber Bragg grating and distributed fiber sensing technologies, offering strong signals, fast response, and high precision [2]. Group 3: Financial Performance and Future Outlook - The company did not provide a clear response regarding future business growth but indicated that the improvement in 2024 net profit attributable to shareholders is primarily due to product structure adjustments and steady increases in gross margin [2]. - The good product yield rate for grating writing is approximately 98% [2]. - The company is actively seeking cooperation and acquisition opportunities within the fiber sensing applications and IoT industry chain while maintaining stable internal growth [2]. Group 4: Contractual and Market Dynamics - The revenue release cycle for contracts varies, with installation and debugging periods influenced by the owner's supporting projects; for example, the oil tank market has a cycle of 1-2 years, while the tunnel and civil fire protection markets range from 2-3 years [2]. - The company has integrated market value management into its long-term strategic management system, aiming to synchronize company value and market value [2].