证券日报网讯光峰科技11月4日在互动平台回答投资者提问时表示，公司自9月10日发布两款可见光水下 激光雷达产品——远眸D10、远眸T1后，受到泳池机器人品牌商和深海领域客户的高度关注。其中，公 司应用于专业级市场的可见光水下激光雷达——远眸T1，依托蓝光激光在水体中高出红外激光百倍的 抗衰减特性，结合高精度探测与抗干扰技术，为深海经济中的海底资源勘探、海洋地籍测绘、水下结构 物检测等核心场景提供关键感知支撑，助力深海装备智能化升级与资源高效开发。目前，公司接收到远 洋勘探、船舶清洁、焊接检测等方面的客户合作需求，为不同行业客户提供定制化水下激光雷达产品。 ...

2025年前三季度，光峰科技围绕"核心技术+核心器件+应用场景"发展战略，推进业务转型，在上游核心器件实现关键性突破，驱动激光技术在AR眼镜、机 器人等新兴场景的应用，具体进展如下： g the state of the ry r 1 的 | THE CONTRACT PART 10月31日，光峰科技发布《2025年第三季度报告》。2025年第三季度（本报告期）实现营业收入3.92亿元，同比下滑38.62%；年初至报告期末（1-9月）累 计营收13.53亿元，同比下滑21.31%。公告指出，营收下降主要系受经济下行和部分业务竞争加剧影响，公司收入规模同比收缩。 第三季度利润总额亏损595.93万元，同比下滑118.17%；归属于上市公司股东的净利润亏损463.8万元，同比下滑114.48%，主要因收入规模下降所致。前三 季度表现更为显著，利润总额亏损1.48亿元，同比下滑478.53%；归属于上市公司股东的净利润亏损1.36亿元，同比下滑415.7%，除收入下降外，还受美国 仲裁案件结案确认9072.29万元营业外支出影响。 第三季度扣非后净利润亏损748.97万元，同比下滑128.67%；前三季度扣非后净利 ...

Core Insights - The company reported a revenue of 392 million yuan for Q3 2025, with a total revenue of 1.353 billion yuan for the first three quarters, and a net cash flow from operating activities increased by 109.19% year-on-year to 150 million yuan [1] - The company is focusing on independent research and development of core components and is in a critical business transformation phase [1] - The company has made significant breakthroughs in upstream core components, integrating fundamental design with terminal applications, particularly in the use of laser technology for AR glasses and robotics [1] Product Development - The company launched two flagship AR optical machines, the Dragonfly G1 and Rainbow C1, and introduced an innovative "LCoS + PVG waveguide" optical solution for AR glasses, which is expected to reduce the retail price of AR glasses to the range of 1500-2000 yuan [1] - The company is enhancing its upstream core component design, customization, and mass production capabilities, actively engaging with domestic and international AR glasses brands [2] - The company has also introduced visible light underwater laser radar products, including the Yuanmou D1, which enhances the effective ranging capability of consumer underwater robots to 10 meters, marking a significant advancement in the industry [2] Market Positioning - The company is participating in key industry exhibitions to promote its underwater laser radar technology and is entering the complete machine development phase with major brand manufacturers [2] - The company is well-positioned to capitalize on the stable market and the emerging fields of AR and underwater robotics, aiming for a new cycle of high-quality growth as market demands continue to rise [2]

Group 1 - The global pool market is experiencing steady growth, with the number of pools expected to reach approximately 32.9 million by 2024, reflecting a compound annual growth rate (CAGR) of 4.3% from 2019 to 2024, and a projected CAGR of 3.6% until 2029 [1] - The global spending on pool cleaning is anticipated to reach $12.9 billion in 2024, with the retail scale of the pool robot industry estimated at $2.48 billion [1] - The penetration rate of pool robots is expected to increase significantly from 17.8% in 2019 to 26.2% in 2024, with a projected retail growth rate of 11% over the next five years [1] Group 2 - The market for cordless pool robots is expected to see a shipment volume of 2 million units in 2024, with a remarkable CAGR of 80.9% from 2019 to 2024 [1] - The pool robot industry is concentrated, with the top five companies (CR5) accounting for 74.9% of the market share in 2024, and Maytronics holding a 34.8% market share [1] - In the cordless pool robot segment, domestic companies in China have a CR5 of 51.5%, with Wangyuan Technology leading at 19.7% market share [1] Group 3 - Wangyuan Technology has been a pioneer in the pool cleaning robot industry, launching various innovative products since its establishment in 2005, including the first cordless product in 2014 and AI-driven products in 2023 [2] - The company is projected to achieve revenue of 540 million yuan in 2024, with a CAGR of 30.8% from 2022 to 2024, and a revenue of 380 million yuan in the first half of 2025, reflecting a growth of 41.6% [2] - The gross margin for Wangyuan Technology is expected to rise to 58.0% in 2024, although the net profit margin is projected to decrease to 13.0% due to increased sales expenses [2] Group 4 - The introduction of underwater blue laser lidar technology by Guangfeng Technology is expected to enhance the development of the pool robot industry, addressing limitations of existing sonar and visual navigation systems [2][6] - The blue laser technology has a significantly lower absorption rate in water compared to red light, improving detection capabilities underwater [6]

Core Viewpoint - The application of lidar technology in underwater robotics is undergoing a significant transformation, highlighted by the launch of underwater blue laser lidar products by Guangfeng Technology, marking the entry into a new era of effective underwater measurement capabilities [1][6]. Group 1: Event Overview - The 26th China International Optoelectronic Expo (CIOE) took place from September 10 to 12, gathering over 3,800 exhibitors from more than 30 countries and regions [1]. - Guangfeng Technology made its debut at the expo, announcing the release of two underwater blue laser lidar products, the Yuanmou D10 and Yuanmou T1, targeting both consumer and professional markets [1]. Group 2: Product Features - The Yuanmou D10 is the industry's first consumer-grade underwater blue laser lidar, capable of effective measurement up to 10 meters, thus entering the "10-meter underwater measurement era" [1]. - The Yuanmou T1, aimed at the professional market, has a measurement capability of 10 meters and is designed for high-value applications such as marine surveying and underwater archaeology [13]. Group 3: Market Potential - The market for robotic lidar solutions is projected to grow from 8.2 billion yuan in 2022 to 216.2 billion yuan by 2030, with a compound annual growth rate of 50.6% [7]. - By 2025, the global shipment of lidar units in the robotics sector is expected to reach 400,000 units, with potential demand for lidar in humanoid robots possibly exceeding 10 million units by 2026 [7]. Group 4: Technical Challenges and Solutions - The main challenges for underwater lidar include significant attenuation of infrared lasers in water, effective measurement coverage for large pools, interference from ambient light, and issues with water turbidity [8][9]. - Guangfeng Technology addresses these challenges with three core technological strategies: high-power blue laser, ambient light filtering technology, and self-developed pulse laser algorithms [8][9]. Group 5: Future Plans - Guangfeng Technology aims to achieve mass production of the consumer-grade underwater blue laser lidar by the end of this year and plans to expand its applications into marine economic sectors [16].

Core Viewpoint - Company launched two underwater laser radar products, marking a significant advancement in the underwater measurement industry [1] Product Launch - The company introduced the Far View D10 and Far View T1 at the 26th China International Optoelectronic Expo, targeting consumer and professional markets respectively [1] - The Far View D10 is the industry's first consumer-grade underwater blue laser radar, enhancing effective measurement capability to 10 meters, signifying the start of the "10-meter underwater measurement era" [1] - The Far View T1 employs triangulation measurement and higher power blue lasers for longer measurement distances, aimed at the deep-sea economy professional market [1] Market Applications - The Far View T1 is designed for applications in deep-sea unmanned detection AUVs and OOVs, facilitating precise mapping and measurement for geological exploration, marine resource exploration, and rescue operations [1] - Current underwater cleaning robots primarily use ultrasonic technology and infrared laser radar, which have limitations in precision and measurement distance [1] Technological Advantages - The company's blue laser technology is less affected by water absorption, making it suitable for long-distance mapping underwater [1] - The company has developed a high-efficiency, low-power, high-precision underwater blue laser radar, addressing a critical need in the pool cleaning robot industry [1] - The company achieved stable measurement at 10 meters, doubling the current industry standard of 5 meters, thus leading the intelligent development of the pool robot industry [1] Strategic Partnerships - The company signed a mutual cooperation agreement with Shenzhen Huanchuang Technology Co., Ltd., a leading provider of robotic laser radar solutions, to promote the intelligent mass production of pool cleaning robots [1]

Core Viewpoint - The company, Guangfeng Technology, is focusing on underwater laser radar technology to enhance the swimming pool robot industry, aiming for intelligent upgrades and commercial innovation [1][2]. Group 1: Product Development - Guangfeng Technology has launched two underwater laser radar products: the consumer-grade Yuanmou D10 and the professional-grade Yuanmou T1, marking a significant advancement in underwater measurement capabilities [4]. - The Yuanmou D10 is the industry's first consumer-grade underwater blue laser radar, capable of effective measurement up to 10 meters underwater, indicating a new era in underwater measurement technology [4]. - The Yuanmou series utilizes high-power blue laser solutions, which have a lower absorption rate in water compared to common infrared lasers, enhancing signal penetration and anti-interference capabilities [1][2]. Group 2: Market Opportunity - The global swimming pool market is projected to grow from 28.88 million pools in 2021 to 36.92 million by 2026, with a compound annual growth rate of approximately 5% [2]. - The demand for swimming pool cleaning robots is expected to exceed 10 million units by 2026, driven by the need for efficient cleaning solutions as current manual cleaning costs can exceed $100 per session [2]. - The underwater environment presents unique challenges for laser radar technology, creating significant market opportunities as the current products are still in the early stages of development with low sensor configuration rates and limited intelligence [2]. Group 3: Strategic Partnerships - Guangfeng Technology has signed a bilateral cooperation agreement with Huan Chuang Technology, a leading provider of intelligent robotic spatial perception solutions, to jointly promote the intelligent upgrade of the swimming pool robot industry [1][3].

Core Viewpoint - Company launched two underwater laser radar products, marking a significant advancement in the underwater measurement industry [1] Group 1: Product Launch - Company introduced the Far View D10, the industry's first consumer-grade underwater blue laser radar, enhancing effective measurement capability to 10 meters, signifying the start of the "10-meter underwater measurement era" [1] - The Far View T1 utilizes triangulation measurement with higher power blue lasers for longer measurement distances, targeting the deep-sea economy professional market [1] Group 2: Market Applications - Far View T1 can be applied in deep-sea unmanned detection AUVs and OOVs for precise mapping and measurement in geological exploration, marine resource exploration, and rescue operations [1] - Current underwater cleaning robots primarily use ultrasonic technology and infrared laser radar, which have limitations in precision and measurement distance [1] Group 3: Technological Advantages - Company’s blue laser technology is less affected by water absorption, making it suitable for long-distance mapping underwater, addressing the shortcomings of traditional underwater perception solutions [1] - The company has developed a stable measurement module capable of 10 meters, doubling the current industry standard of 5 meters, leading the intelligent development of the pool robot industry [1]

Core Viewpoint - The launch of underwater LiDAR products by Guangfeng Technology marks a significant advancement in the underwater robotics market, introducing the first consumer-grade underwater blue laser LiDAR that enhances effective measurement capabilities to 10 meters, thus entering the "10-meter underwater measurement era" [1][4][17] Product Launch - Guangfeng Technology officially announced two underwater LiDAR products, the Yuanmou D10 and Yuanmou T1, targeting both consumer and professional underwater robot markets [1][10] - The Yuanmou D10 is designed for consumer use, featuring a compact size comparable to a business card holder, and complies with CLASS 1 laser safety standards [7][9] - The Yuanmou T1 is aimed at the professional market, utilizing triangulation measurement technology for applications in marine surveying, underwater archaeology, structural inspection, and seabed resource exploration [10][12] Technological Innovation - The underwater LiDAR employs high-power blue laser technology, which significantly reduces absorption in water compared to common infrared lasers, enhancing signal penetration and interference resistance [4][12] - Guangfeng Technology has developed environmental light filtering technology and pulse laser algorithms to maintain stable measurement performance in turbid water conditions, addressing challenges faced by traditional camera solutions [12][17] Market Opportunity - The global pool cleaning robot market is experiencing rapid growth, with the number of pools expected to increase from 28.88 million in 2021 to 36.92 million by 2026, representing a compound annual growth rate of approximately 5% [13] - The penetration rate of pool cleaning robots is rising, with an anticipated demand exceeding 10 million units by 2026, highlighting significant market opportunities [13][16] - Current market challenges include low sensor configuration rates and limited intelligence levels in pool cleaning robots, indicating a need for advanced solutions [16][17] Strategic Partnerships - Guangfeng Technology has signed a bilateral cooperation agreement with Huan Chuang Technology to promote the intelligent upgrade of pool cleaning robots and accelerate the commercialization of innovative technologies [3]