Union Optech(SZ:300691)2023-07-05 10:14Company Overview - The company specializes in optical imaging, display, and sensing technologies, manufacturing optical lenses and optoelectronic products, and providing optical system solutions [1] - It has developed core technologies in optical stabilization, ultra-precision optics, and has achieved several pioneering technologies such as black light full-color technology and rapid focusing technology [1] Business Performance - In Q1 2023, the company achieved a revenue of CNY 330 million, representing a year-on-year growth of 20.05% [2] - The net profit attributable to shareholders was CNY 8.6 million, up 164.25% year-on-year [2] - The net profit after deducting non-recurring gains and losses was CNY 5.48 million, an increase of 137.82% year-on-year [2] Smart Driving Sector - The company’s subsidiary focuses on R&D, design, production, and sales of products related to smart driving, including vehicle-mounted lenses and millimeter-wave radar [2] - It has established partnerships with major automotive manufacturers such as BYD and NIO, with plans for mass production [2] Millimeter-Wave Radar Technology - The company has developed various types of millimeter-wave radar products, including angle radar and vehicle-road coordination radar, with strong technical capabilities [2] - It has received orders from leading domestic new energy vehicle manufacturers and has begun small-scale shipments [2] AR/VR Product Development - The company is one of the early hardware manufacturers in the metaverse, with core technologies in AR/VR hardware products [3] - In 2022, revenue from AR/VR products grew by 432% year-on-year, with sales exceeding 130,000 units [3] Artificial Intelligence Applications - The company’s subsidiary focuses on R&D and industrialization of AI technologies, with products like smart disinfection robots and security patrol robots already deployed in various public safety scenarios [3] Future Outlook - The company remains confident in the future of the optical industry and aims to enhance its technological foundation and expand its market presence in optoelectronic products [3]