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]