Union Optech(SZ:300691)2025-02-11 11:26Core Competitiveness - The company's core competitiveness includes over 20 years of technical accumulation in the optical field [1] - It possesses a complete optical full-stack R&D capability [1] - The company has vertical integration capabilities from design to mass production [1] - It has an international market layout and customer resources [1] Market Strategy - The company is actively upgrading products in response to domestic market pressures and expanding overseas [2] - Incremental growth in performance comes from proactive expansion and deep cultivation in multiple fields [2] - The company aims to consolidate existing customer relationships while actively exploring new businesses and clients [2] Industry Chain and Product Focus - The company has established a full industry chain layout centered on optical lenses, covering optical imaging, display, and sensing [3] - It focuses on core optical components for AI glasses, collaborating deeply with brands like Yiweng [4] AI Glasses and Optical Components - Core optical components for AI glasses include optical display modules [5] - Different optical waveguide technologies have distinct advantages: reflective waveguide technology is mature and cost-effective, while diffractive waveguide offers superior display effects but is technically challenging [5] - The company is among the first in China to master ultra-short throw technology and has launched the world's smallest 4K resolution ultra-short throw projector [5] Production Capacity and Financing - The company has completed optical waveguide sample development and possesses a complete optical design solution [6] - Currently, there is no financing plan, but the company will evaluate financing needs based on R&D investments and capacity expansion [6] - The construction of the Thailand production base is progressing in an orderly manner, with some important customer orders already received [6]