Group 1: Financial Performance - The company's gross margin decreased in Q1 2025 primarily due to lower margins in camera modules, with high chip costs for new products and unsatisfactory yield rates [1] - The sales price of smart automotive products decreased in 2024, prompting the company to enhance yield rates and reduce raw material costs to maintain reasonable gross margins [5] Group 2: Production Capacity - The company maintains a high capacity utilization rate and has added dedicated production lines to meet customer shipping demands [1] - After completing fundraising projects, the company expects to add an annual production capacity of over 35 million precision optical lenses and camera modules [1] Group 3: Research and Development - The company has been recognized as a national "little giant" enterprise and a high-tech enterprise, establishing several technology centers [4] - As of December 31, 2024, the company holds 291 domestic patents, including 128 invention patents and 163 utility model patents [4] Group 4: Market Outlook - The global panoramic camera market is projected to grow from 4.67 billion yuan in 2023 to 7.21 billion yuan by 2027, with a compound annual growth rate (CAGR) of 11.5% [6] - North America currently holds the largest market share for panoramic cameras, followed by Europe, with China expected to become a major growth point [6] Group 5: Strategic Partnerships - The company has maintained a stable partnership with Ying Shi Innovation since 2015, with a strategic cooperation agreement signed in 2022 to deepen collaboration [3]
弘景光电(301479) - 2025年6月6日投资者关系活动记录表