今年来看，消费电子在温和复苏中，歌尔股份、立讯精密（002475）、蓝思科技（300433）等消费电子 公司持续多元化布局，在汽车、通信、AR/VR、具身智能等新兴领域加大投入。 另外，歌尔光学还发布升级版全彩刻蚀光波导模组，支持双目显示，光栅区透过率超92%，画面在白天 也能清晰显示；优化后的MicroLED单绿色树脂衍射光波导模组，透过率更高，彩虹纹几乎不可见，全 面升级AR视觉体验。 在VR领域，歌尔光学针对轻量化与画质需求，推出"星河"、"星际"系列Pancake模组：星河LE51搭载小 尺寸硅基OLED屏，实现小体积+85°以上FOV高清显示，支持VST视频透视与近视调节，适配多种应用 场景；星河LE52为眼镜级轻量形态，支持高画质80°FOV显示，便于佩戴观影。 车载视觉方面，歌尔光学首发DLP投影智能大灯模组，能实现130万像素级光束控制——100米内精准避 开车辆/行人，不直射眼睛，60W功率下亮度达1800流明、300:1对比度，支持动态迎宾、安全提醒等； 推出全球首款塑胶扭转镜，作为激光雷达核心部件兼顾性能成本，助力激光雷达车载普及。 此外，歌尔光学推出三款家用三色激光投影光机，从4K清晰 ...

Core Viewpoint - The company has completed the conclusion of certain fundraising projects and plans to permanently supplement its working capital with the remaining funds, while also terminating some fundraising projects and continuing to manage the remaining funds in a dedicated account [2][10]. Fundraising Basic Situation - The company raised a total of RMB 161,846.38 million from its initial public offering, with a net amount of RMB 153,596.90 million after deducting issuance costs [2][3]. - As of June 30, 2025, the company has invested RMB 101,216.57 million, representing 65.90% of the committed investment [3]. Fundraising Project Status - The "East China R&D and Technical Service Center Construction Project" has been concluded, with remaining funds of RMB 3,211.84 million to be used for working capital after settling outstanding payments [5][10]. - The "East China Machine Vision Industrial Park Construction Project" has been terminated due to delays in obtaining necessary permits and changes in market demand, with a total planned investment of RMB 30,659.78 million [5][10]. Project Termination Reasons - The termination of the "East China Machine Vision Industrial Park Construction Project" is attributed to the expansion of downstream product demand beyond the original project scope and the company's comprehensive product line upgrade [9][10]. - The project was initially planned to meet specific market needs, but the evolving market landscape has necessitated a reevaluation of the project’s viability [9][10]. Future Plans - The company intends to seek new investment projects while continuing to evaluate existing projects for potential additional investments [10]. - The remaining funds from the terminated project will continue to be managed in accordance with fundraising management requirements [10]. Internal Review Process - The board of directors and the supervisory board have approved the conclusion of certain fundraising projects and the management of remaining funds, ensuring compliance with relevant regulations [11][12]. Sponsor Institution Opinion - The sponsor institution supports the company's decisions regarding the conclusion and management of fundraising projects, affirming that these actions align with the company's operational realities and long-term strategy [12][13].