Market Overview - On September 3, the total trading volume of the Shanghai and Shenzhen stock markets was 2.36 trillion yuan, a decrease of 510.9 billion yuan compared to the previous trading day [1] - The sectors that saw gains included photovoltaic, precious metals, fentanyl, BC batteries, and gaming, while military equipment, small metals, securities, satellite navigation, and software development experienced significant declines [1] Stock Performance - Notable stocks with significant gains included: - Dajin Banjia (605255) with a 10.00% increase, reaching a price of 62.81 yuan, driven by the acquisition of Zhonghao Xinying and automotive components, marking its 9th consecutive rise [2] - Changfei Optical Fiber (601869) also rose by 10.00% to 91.06 yuan, supported by developments in hollow core fibers and its semi-annual report, achieving 5 rises in 8 days [2] - Other notable performers included Jishi Media (626109) with a 9.94% increase, Bojie Co. (002975) with a 10.00% increase, and Xibu Gold (690109) with a 10.00% increase [2] Trading Dynamics - The top three net purchases on the day were: - Yanshan Technology with a net purchase of 639 million yuan [4] - Sudavige with a net purchase of 163 million yuan [4] - Taihe Technology with a net purchase of 150 million yuan [4] - Conversely, the top three net sales were: - Huasheng Tiancai with a net sale of 371 million yuan [5] - Julu Intelligent with a net sale of 268 million yuan [5] - Chengfei Integration with a net sale of 97.49 million yuan [5] Sector Highlights - Yanshan Technology reported a 9.07% increase in stock price, with a trading volume of 160.57 billion yuan and a turnover rate of 32.05% [4] - Sudavige's stock rose by 11.00%, with a trading volume of 23.59 billion yuan and a turnover rate of 35.81% [10] - Taihe Technology achieved a trading volume of 10.15 billion yuan, with a significant focus on solid-state batteries and photolithography [17] Institutional Activity - Institutional investors showed strong interest in several stocks, with notable net purchases in: - Yanshan Technology with 280 million yuan [19] - Sudavige with 357.96 million yuan [20] - Conversely, significant net sales were observed in stocks like Julu Intelligent and Chengfei Integration, indicating a shift in institutional sentiment [6][22]

Core Viewpoint - The company, 波长光电, reported a revenue of 34.77 million yuan in the semiconductor optics and related fields for the first half of the year, with nearly 10 million yuan coming from the semiconductor sector and the remainder from PCB and display sectors [1] Group 1: Financial Performance - The total revenue for the first half of the year was 34.77 million yuan, with close to 10 million yuan attributed to the semiconductor sector [1] - The remaining revenue was generated from the PCB and display sectors, indicating a diversified income stream within the broader semiconductor-related business [1] Group 2: Business Strategy and Development - The company has increased its investment in semiconductor process capabilities and related application scenarios this year [1] - Participation in both domestic and international semiconductor-related exhibitions has been emphasized to enhance product promotion in the semiconductor field [1] - Progress has been made in terms of process technology, product variety, and customer base expansion [1] Group 3: R&D and Product Development - The micro-nano optics laboratory has gradually been put into operation, focusing on the development of micro-nano optical products based on customer needs [1] - Research and development efforts include light field homogenization, shaping, and online detection, which could lead to an expansion of the company's product offerings in the semiconductor optics field if progress continues smoothly [1]

格隆汇8月12日丨炬光科技(688167.SH)在互动平台表示，公司目前已掌握微纳光学领域内的五大主流制 备技术（六大技术中的五项），包括晶圆级同步结构化激光光学制造技术、光刻-反应离子蚀刻法晶圆 级微纳光学精密加工制造技术、晶圆级微纳光学(WLO)精密压印加工制造技术、精密模压、冷加工，从 而成为全球领先的微纳光学一站式解决方案提供商。在面对客户的特定需求时，公司不仅能从多种微纳 光学加工技术中选择最优的加工方法，还能通过多种技术进行协同，形成独特的解决方案，从而提升我 们在全球市场尤其是核心客户处的竞争力。公司目前在CPO等先进应用领域，已经有多个应用案例结合 了公司的晶圆级同步结构化和光刻-反应离子蚀刻法，或WLO和光刻-反应离子蚀刻法来制备一个微纳光 学产品，这样的产品方案在全球范围具有很强的独特性。公司未来也将继续充分发挥资源与技术协同优 势，赋能更多创新光子应用解决方案。 ...

格隆汇8月12日丨炬光科技(688167.SH)在互动平台表示，公司目前已掌握微纳光学领域内的五大主流制 备技术（六大技术中的五项），包括晶圆级同步结构化激光光学制造技术、光刻-反应离子蚀刻法晶圆 级微纳光学精密加工制造技术、晶圆级微纳光学(WLO)精密压印加工制造技术、精密模压、冷加工，从 而成为全球领先的微纳光学一站式解决方案提供商。在面对客户的特定需求时，公司不仅能从多种微纳 光学加工技术中选择最优的加工方法，还能通过多种技术进行协同，形成独特的解决方案，从而提升我 们在全球市场尤其是核心客户处的竞争力。公司目前在CPO等先进应用领域，已经有多个应用案例结合 了公司的晶圆级同步结构化和光刻-反应离子蚀刻法，或WLO和光刻-反应离子蚀刻法来制备一个微纳光 学产品，这样的产品方案在全球范围具有很强的独特性。公司未来也将继续充分发挥资源与技术协同优 势，赋能更多创新光子应用解决方案。 ...

Core Insights - The company is making significant progress in its overseas automotive designated business, with the AG company's laser radar line light emission module project entering the final verification stage before mass production, with an expected lifecycle volume of approximately 500,000 units [3] - In the optical communication sector, the company maintains stable cooperation with existing international clients and has received the "2025 Best Award" from Coherent for its business continuity and expansion plans [3] - The company is advancing its global manufacturing layout, focusing on laser radar emission module production in Xi'an, while evaluating capacity expansion plans in Southeast Asia to enhance global responsiveness [4] Business Development - The data communication business, which accelerated after the 2024 acquisition, is pushing some clients into sample verification and small batch stages, with expectations for mass supply in 2025, contributing approximately 5% to revenue in 2024 [3] - In the consumer electronics sector, the company is collaborating with North American clients on AR/VR and 3D perception projects, while the automotive lighting business has secured a new project with AG company for vehicle-mounted projection lighting micro-lens arrays, with a lifecycle demand exceeding 3.3 million units [4] - The company is addressing the anticipated decline in gross margin for laser optical components in 2024 by optimizing costs and expanding into high-margin application areas [4] Profitability Enhancement - The company is optimizing costs by relocating automotive business production lines to Shaoguan, which is expected to improve the performance of products with negative gross margins [4] - The semiconductor processing business is experiencing rapid growth in applications such as wafer annealing and display repair, with the Hefei semiconductor base expected to complete its main structure by November 2024 [4] - The company emphasizes continuous optimization of its business structure, accelerating the ramp-up of new businesses, and improving operational quality through sales strategy optimization, cost control, and cash flow management, with clear profitability improvement goals set for 2025 [4]