Core Viewpoint - Maolai Optics is responding to the Shanghai Stock Exchange's inquiry regarding its proposed issuance of convertible bonds to raise 580 million yuan for an "Ultra-Precision Optical Production and Processing Project," which includes the production of deep ultraviolet lens systems priced at 34.28 million yuan each [1][5]. Group 1: Project Details - The "Ultra-Precision Optical Production and Processing Project" aims to produce 300 deep ultraviolet optical devices and 7 deep ultraviolet lens systems annually [4]. - The project is expected to achieve an internal rate of return of 16.51% and a payback period of 8.3 years, with approximately 417 million yuan allocated for this initiative [2]. - The project will enhance the production capabilities of optical devices and lens systems used in semiconductor lithography and measurement equipment, aligning with the company's existing product lines [2][4]. Group 2: Financial Metrics - The average gross profit margin for the company from 2022 to 2024 is projected to be 49.94%, while the gross profit margin for the new project is estimated at 55.86% [5][6]. - The unit selling price for deep ultraviolet optical devices is set at 1.2 million yuan per piece, and for deep ultraviolet lens systems at 34.28 million yuan each [6]. - The project is characterized by high technical barriers and significant differentiation advantages, contributing to its higher gross profit margin compared to the company's overall business [6]. Group 3: Market and Capacity Analysis - The planned production capacity of the project is sufficient to support 10 to 15 deep ultraviolet lithography machines, as each machine requires one lens and 20 to 30 optical devices [4]. - The company asserts that there are currently no similar projects in the domestic market that match the planned product types, manufacturing precision, and processes [6].