燕麦科技 20250924 Q&A 燕麦科技的主业是什么？其核心产品有哪些特点？ 燕麦科技成立于 2012 年，主要业务是 FPC 软板检测设备。FPC 软板是一种由 聚酯薄膜或聚酰亚胺为基材制成的硬质电路，可以嵌入电路设计在弯曲的轻薄 塑料片上，从而能够在狭小空间中堆叠大量精密元件，形成可弯曲的挠性电路。 FPC 软板具有重量轻、体积小、散热性好等特点，可以节约电子产品内部空间， 使组装加工更加灵活。 燕麦科技的 FPC 软板检测设备通过专用定制设备，用针 模等形式与软板上的金手指等电连接点接触，将测试信号输入软板，对整个电 路连通性、信号完整性进行测试。这类检测能够判断软板各个功能单元、电路 通断及信号传输质量等关键指标。燕麦科技的这类设备完全是非标定制化产品， 燕麦科技通过收购新加坡 Aces Tech 切入硅光赛道，后者专注于硅光晶 圆检测和光电耦合领域。硅光技术市场潜力巨大，预计到 2028 年市场 规模将突破 6 亿美元，年化复合增长率高达 44%。 硅光晶圆检测是硅光产业化的关键瓶颈，燕麦科技收购 ACCESS Tech 旨在获取其在硅光晶圆检测设备方面的领先技术。尽管 ACCESS Tech ...

Group 1 - The company has received bulk orders for its laser products used in laser engraving machines and is currently delivering to customers [2] - The company's laser products have been integrated into leading consumer-grade 3D printing brands, with expectations for mass shipments within the year [2] - The company is deepening collaboration with industry clients to customize and iteratively develop various types of lasers [2] Group 2 - The company has secured exclusive orders for its next-generation VCSEL module detection equipment, which is expected to expand its market share as client product releases progress [2] - Ongoing collaboration in optical detection for VR/AR applications has led to the delivery of multiple prototypes to clients [2] - The company is strategically focusing on key sectors such as silicon photonic wafer detection equipment and specialized drilling systems, which have recently shown business progress [2] Group 3 - In the new energy sector, the company is optimizing processes and technologies for clients in the power battery field, including laser applications for battery casing and solid-state batteries [3] - The company anticipates strong expansion demands from leading clients in the power battery industry in the first half of 2025, with ongoing domestic substitution of laser products [3] - Recent orders from leading lithium battery clients are expected to exceed the levels seen in the first half of the year [3]

Core Insights - Shenzhen Oat Technology Co., Ltd. reported strong performance in the first half of 2025, with significant growth in core business and successful expansion into new markets [2] - The company achieved a revenue of 228 million yuan, representing a year-on-year increase of 32.09%, and a net profit attributable to shareholders of 28.93 million yuan, up 18.67% year-on-year [2] - The net cash flow from operating activities turned positive, reaching 70.06 million yuan [2] Business Performance - The traditional FPC testing equipment business continued to thrive, benefiting from the expanding global consumer electronics market and increasing demand for FPC [2] - Oat Technology has solidified its market share, serving eight of the top ten global FPC companies and establishing strong ties with major brands like Apple [2] - R&D investment reached 60.24 million yuan, accounting for 26.38% of revenue, with advancements in testing, precision machinery, and machine vision technologies [2] New Business Development - New business segments, particularly semiconductor testing equipment and automotive electronics, have become key growth drivers [3] - The company has received recognition for its pressure sensor testing equipment from leading domestic clients and is advancing in humidity and temperature sensor testing [3] - The acquisition of Singapore's AxisTec has enabled Oat Technology to enter high-value markets such as silicon photonic wafer testing, with ongoing product deliveries to overseas wafer fabs [3]