联合光电(300691) - 2025年5月13日投资者关系活动记录表

Group 1: Company Strategy and Market Outlook - The company aims to solidify its position in the video surveillance lens sector while increasing investments in the smart display field and expanding production capacity for automotive lenses and AR market [2] - The global AR market is projected to reach ¥240 billion in 2024, with the company's AR/VR product revenue expected to grow by 41% year-on-year [3] - The company is optimistic about the domestic and international optical business development, actively engaging in security, consumer, automotive, and smart display sectors [3] Group 2: Revenue and Profitability - The company anticipates continued growth in revenue and profitability through strategic management in four key business divisions: security, consumer, automotive, and smart display [4] - The Hong Kong subsidiary is expected to contribute approximately ¥15 million in revenue in 2024 [5] - The company's net profit attributable to shareholders has decreased by 40.02% year-on-year, with a 46.91% decline in net profit after excluding non-recurring items, primarily due to R&D expenses [8] Group 3: Product Development and Technology - The company has made significant breakthroughs in lightweight optical module technology, focusing on core technologies such as modules, self-manufactured optical engines, and waveguide plates for AR products [3] - The black light true color imaging technology developed by the company is a global first, enhancing video surveillance and intelligent image recognition capabilities [6] Group 4: Market Challenges and Future Plans - The automotive lens and millimeter-wave radar businesses are currently in the early stages, with significant growth expected in the coming years as production ramps up [4] - The company has secured two millimeter-wave radar projects worth a total of ¥386 million, with production expected between 2025 and 2026 and profit margins projected between 10% and 35% [10] - R&D expenses have increased by 24.71% year-on-year, accounting for 11.36% of revenue, indicating a strong focus on innovation despite current financial challenges [10]