答：尊敬的投资者您好。2025 年 9 月，公司与洛阳 奥维特签署了《投资协议》，战略入股洛阳奥维特，目前 公司持有奥维特 18%的股权。此次投资是公司在高端装备 产业链布局中的重要举措，旨在通过协同奥维特的技术与 产品优势，切入机器人核心零部件赛道，为公司培育新的 业务增长极。未来，公司将依托奥维特在精密轴承领域的 技术积累与生产能力，持续深化在机器人核心零部件领域 的布局，助力高端装备制造的国产化升级。感谢您的关注。 证券代码：001326 证券简称：联域股份 深圳市联域光电股份有限公司 投资者关系活动记录表 编号：2025-005 投资者关系活动类别 □特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现场参观 ☑ 其他(2025 年深圳辖区上市公司集体接待日活动) 活动参与人员 通过全景网络提供的网上平台参与 2025 年深圳辖区上市 公司集体接待日的投资者 时间 2025 年 11 月 20 日(周四)下午 14:30-17:00 地点 通过全景路演（http://rs.p5w.net）线上交流 形式 线上交流 上市公司接待人员姓 名 1、董事会秘书、财务总监：李群艳 ...

Group 1: Company Performance and Challenges - The company's performance has declined due to trade friction, leading to increased costs in logistics, management, and production from Q4 2024 to Q3 2025, but these impacts are expected to stabilize as operations in Zhongshan, Vietnam, and Mexico become more efficient [1] - The company anticipates a trend reversal in profitability as scale effects are gradually released [1] Group 2: North American Market Expansion - The company has established a "consolidate existing customers + breakthrough new customers" strategy in North America, enhancing cooperation with core customers and driving steady order growth [2] - New key customers developed earlier are showing results, and the company is leveraging North American customers' channel resources for efficient expansion [2] Group 3: Production Capacity and Strategy - The Vietnam factory is the main overseas production hub, accounting for approximately 70% of the company's products shipped in 2025, while the Mexico factory serves as a strategic supplement focusing on local compliance and rapid response [3] - The collaboration between the Vietnam and Mexico factories creates an efficient synergy that effectively mitigates tariff impacts [3] Group 4: Future Growth Areas - The outdoor and industrial LED lighting market has low penetration overseas and is expected to grow significantly, providing a strong growth opportunity for the company [4] - The company is also focusing on special lighting areas such as plant lighting, sports lighting, and explosion-proof lighting, which are anticipated to experience rapid growth [4] Group 5: Special Lighting Business Performance - The special lighting segment has seen significant growth this year, driven by demand in North America, particularly in the plant lighting market, which is projected to reach $1.366 billion in 2025 with a compound annual growth rate of 8.6%-9.04% from 2025 to 2033 [5] - The company aims to capitalize on the rapid growth of the plant lighting market through continuous innovation and expansion [5] Group 6: Investment and Collaboration - In September 2025, the company signed an investment agreement with Luoyang Aowei, focusing on high-end bearing production, leveraging its supply chain resources and market experience to empower the invested enterprise [6] - The collaboration aims to develop Aowei into a benchmark enterprise in its niche market [6] Group 7: Market Outlook for Key Products - The market for thin-walled cross roller bearings, crucial for robotics, is expected to grow rapidly due to the increasing demand from various high-tech industries [7] - The company plans to maintain a flexible and cautious development strategy in the robotics sector, adapting to market opportunities [7]

Financial Performance - In 2024, the company achieved operating revenue of 1,470.73 million CNY, a year-on-year increase of 6.45% [2] - The net profit attributable to shareholders was 101.32 million CNY, a decrease of 33.89% compared to the previous year [2][7] - In Q1 2025, the operating revenue was 378.97 million CNY, with a year-on-year growth of 3.42%, while net profit dropped by 70.47% to 11.88 million CNY [2] Reasons for Performance Decline - Increased competition in the lighting industry led to a reduction in product prices, impacting gross margins [3][7] - The new production base in Zhongshan incurred significant fixed asset investments, resulting in higher depreciation costs due to underutilization [3][7] - Rising management expenses due to investments in R&D and talent acquisition contributed to the profit decline [3][7] Strategic Responses - The company plans to focus on expansion, quality improvement, and cost reduction in 2025 [4] - Increased investment in market research and resource allocation for new markets in Europe and Asia [4] - Commitment to innovation and smart manufacturing to enhance product offerings and operational efficiency [4] R&D and Innovation - R&D investments from 2022 to 2024 were 55.28 million CNY, 74.60 million CNY, and 88.98 million CNY, representing 5.07%, 5.40%, and 6.05% of operating revenue respectively [9] - The company aims to enhance product features in smart control and energy efficiency, targeting special lighting markets [9][10] Market Expansion and Challenges - 95.62% of revenue came from overseas markets, with strategies in place to mitigate impacts from international trade tensions [5][8] - The company has established overseas production bases in Mexico and Vietnam to support U.S. clients [5][8] Future Outlook - The company anticipates steady progress in business operations and a positive order acquisition situation [10] - The market for plant lighting is expected to grow, with special lighting revenue reaching approximately 111 million CNY, accounting for 7.52% of total revenue in 2024 [10]

Core Viewpoint - The company reported a decline in revenue and net profit for 2024 and Q1 2025, primarily due to a decrease in overseas income and the impact of geopolitical tensions on the global LED lighting market [1][2]. Financial Performance - In 2024, the company achieved operating revenue of 16.91 billion yuan, a year-on-year decrease of 3.57%, and a net profit attributable to shareholders of 374 million yuan, down 13.06% [1]. - For Q1 2025, the company reported operating revenue of 3.886 billion yuan, a decline of 2.82% year-on-year, with a net profit of 143 million yuan, down 21.30% [1]. Market Analysis - The decline in 2024 was mainly attributed to a 9.04% drop in revenue from the brand Langdawans, which generated 9.647 billion yuan compared to 10.606 billion yuan in 2023. In contrast, the brand Mulinsen saw a slight increase in revenue to 6.768 billion yuan from 6.580 billion yuan, driven by its influence in smart lighting and other sectors [2]. - The global LED lighting market is expected to recover in 2025, with a projected market size of 56.626 billion USD, driven by economic recovery and increasing demand for high-quality and healthy lighting [2]. Future Outlook - The traditional lighting market is anticipated to remain the dominant force in global lighting market growth, particularly in emerging markets and renovation projects for old buildings [3]. - The company has adjusted its net profit forecasts for 2025 and 2026 to 681 million yuan (down 25.41%) and 1.037 billion yuan (down 9.75%), respectively, while introducing a new forecast of 1.149 billion yuan for 2027 [3]. - The company is recognized as a leading provider of LED packaging and lighting application solutions in China, with a positive long-term development outlook and a maintained "buy" rating [3].