证券代码：688167 证券简称：炬光科技 公告编号：2026-006 西安炬光科技股份有限公司 股东减持股份结果公告 本公司董事会、全体董事及相关股东保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律 责任。 重要内容提示： 股东持有的基本情况 本次减持计划实施前，宁波宁炬自有资金投资合伙企业（有限合伙）（以下 简称"宁波宁炬"）持有西安炬光科技股份有限公司（以下简称"公司"）股份 1,179,306 股，占公司总股本的 1.3124%；宁波新炬自有资金投资合伙企业（有限 合伙）（以下简称"宁波新炬"）持有公司股份183,345股，占公司总股本的0.2040%； 宁波吉辰自有资金投资合伙企业（有限合伙）（以下简称"宁波吉辰"）持有公司 股份 171,776 股，占公司总股本的 0.1912%。上述股份均为在公司首次公开发行 前取得的股份，已于 2024 年 12 月 24 日解除限售并上市流通。 减持计划的实施结果情况 2025 年 12 月 20 日，公司披露了《西安炬光科技股份有限公司股东减持股 份计划公告》（公告编号：2025-094），宁波宁炬 ...

Group 1 - The CPO concept stocks in the A-share market experienced a collective decline, with notable drops in companies such as Xinyisheng and Zhongji Xuchuang falling over 6% [1] - Other companies like Tianfu Communication and Hengtong Optics also saw significant declines, with drops exceeding 5% and 4% respectively [1] - The overall trend indicates a bearish sentiment in the CPO sector, impacting multiple stocks negatively [1] Group 2 - Specific stock performance data shows Xinyisheng down by 6.65% with a total market value of 380.1 billion, and a year-to-date decline of 11.24% [2] - Zhongji Xuchuang decreased by 6.12%, with a market capitalization of 647.8 billion and a year-to-date drop of 4.43% [2] - Tianfu Communication fell by 5.58%, holding a market value of 146.8 billion and a year-to-date decline of 6.99% [2]

Core Viewpoint - Juguang Technology experienced a 3.50% decline in stock price on January 22, with a trading volume of 9.23 billion yuan, indicating potential market volatility and investor sentiment concerns [1] Financing Summary - On January 22, Juguang Technology had a financing buy-in amount of 1.27 billion yuan and a financing repayment of 1.53 billion yuan, resulting in a net financing outflow of 26.63 million yuan [1] - As of January 22, the total financing and securities lending balance for Juguang Technology was 13.02 billion yuan, with the financing balance accounting for 7.43% of the circulating market value, indicating a high level compared to the past year [1] - The company had no shares repaid in securities lending on January 22, with 200 shares sold, amounting to 39,000 yuan at the closing price, and a securities lending balance of 119.88 million yuan, also at a high level compared to the past year [1] Company Profile - Juguang Technology, established on September 21, 2007, and listed on December 24, 2021, is located in Xi'an, Shaanxi Province, and specializes in the research, production, and sales of high-power semiconductor laser components and optical components [2] - The company's revenue composition includes: 48.73% from laser optical products, 18.92% from semiconductor laser products, 12.62% from automotive application solutions, 8.97% from semiconductor process solutions, 6.23% from global photonic processes and manufacturing, 3.76% from R&D and processing services, and 0.77% from other sources [2] Financial Performance - For the period from January to September 2025, Juguang Technology achieved an operating income of 613 million yuan, representing a year-on-year growth of 33.88%, and a net profit attributable to shareholders of 2.25 million yuan, with a year-on-year increase of 104.34% [2] Dividend Information - Since its A-share listing, Juguang Technology has distributed a total of 65.87 million yuan in dividends [3] Shareholder Information - As of September 30, 2025, Juguang Technology had 16,100 shareholders, an increase of 35.88% from the previous period, with an average of 5,580 circulating shares per person, a decrease of 26.41% [2] - Notable institutional shareholders include Debon Xinxing Value A, which is the fifth largest shareholder with 1.8861 million shares, and Hong Kong Central Clearing Limited, the sixth largest shareholder with 1.6585 million shares, both of which are new entrants [3]

Core Viewpoint - Juguang Technology has established a strategic partnership with BrightView, an advanced optical film and light control technology innovation company in the United States, to collaborate across multiple application markets [1] Group 1: Partnership Details - The collaboration will cover various application markets, including consumer electronics, automotive, robotics, 3D perception, display, and lighting [1] - Juguang Technology will serve as BrightView's strategic manufacturing partner, providing backend manufacturing processing and related supply chain services for several high-volume applications [1]

Group 1 - The core transaction on January 22 involved a block trade of 60,000 shares of Juguang Technology, amounting to 10.9013 million yuan, with a transaction price of 181.71 yuan, reflecting a discount of 6.73% compared to the closing price of the day [2][3] - Over the past three months, Juguang Technology has recorded a total of 34 block trades, with a cumulative transaction amount of 213 million yuan [2] - The closing price of Juguang Technology on the day of the transaction was 194.83 yuan, showing a decline of 3.50%, with a turnover rate of 5.20% and a total trading volume of 923 million yuan [2] Group 2 - The latest margin financing balance for Juguang Technology is 1.332 billion yuan, which has decreased by 18.6129 million yuan over the past five days, representing a decline of 1.38% [3] - Juguang Technology was established on September 21, 2007, with a registered capital of 89.859524 million yuan [3]

Investment Rating - The report assigns a "Buy" rating for the company [3] Core Insights - The successful establishment of the advanced high-precision micro-optical device backend production line in Singapore marks a significant milestone for the company, enhancing its capabilities in the optical communication sector [4] - The company is actively expanding its optical communication business, with a notable increase in revenue from laser optical components, which grew by 37% year-on-year to 291 million yuan in the first three quarters of 2025 [5] - The global demand for high-speed optical modules is surging, driven by the rapid development of AI computing infrastructure, presenting substantial growth opportunities for the company [6] Financial Summary - Revenue is projected to grow from 620 million yuan in 2024 to 1.766 billion yuan in 2027, reflecting a compound annual growth rate (CAGR) of approximately 40.66% [8] - The net profit is expected to recover from a loss of 175 million yuan in 2024 to a profit of 160 million yuan in 2027, indicating a significant turnaround [8] - The earnings per share (EPS) is forecasted to improve from -1.95 yuan in 2024 to 1.78 yuan in 2027 [8]

Group 1 - The core point of the news is that Juguang Technology conducted a block trade of 60,000 shares on January 22, with a transaction amount of 10.9013 million yuan, accounting for 1.17% of the total transaction volume for that day [1][2] - The transaction price was 181.71 yuan, which represents a discount of 6.73% compared to the market closing price of 194.83 yuan [1]

证券代码：688167 证券简称：炬光科技 公告编号：2026-005 现将减持计划实施结果情况公告如下： 西安炬光科技股份有限公司 股东减持股份结果公告 本公司董事会、全体董事及相关股东保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律 责任。 重要内容提示： 股东持有的基本情况 本次减持计划实施前，李小宁持有西安炬光科技股份有限公司（以下简称"公 司"）1,680 股，占公司总股本的 0.0019%。上述股份为股权激励归属取得的股份。 减持计划的实施结果情况 2025 年 12 月 20 日，公司披露了《西安炬光科技股份有限公司股东减持股 份计划公告》（公告编号：2025-094），李小宁拟通过集中竞价交易方式减持不 超过 1,680 股，即合计不超过公司总股本的 0.0019%。 2026 年 1 月 22 日，公司收到李小宁出具的《股份减持计划实施结果告知函》， 在本次减持计划期间，李小宁通过集中竞价交易方式合计减持公司股份 1,680 股， 本次减持计划已实施完毕。 股东名称 李小宁 股东身份 控股股东、实控人及一致行动人 √是 □否 直接持股 ...

Investment Rating - The report rates the robot lidar industry with a strong growth outlook, projecting a compound annual growth rate (CAGR) of 29.19% from 2020 to 2024 and 15.87% from 2025 to 2030, indicating robust market potential [4][57]. Core Insights - The robot lidar industry is characterized by technological intensity, cost reduction, and a shift from automotive dominance to a balanced market between automotive and robotics applications. The market size is expected to grow from 62.23 billion RMB in 2020 to 173.31 billion RMB in 2024, driven by the explosion of the robotics industry and domestic substitution [4][57]. - The industry is undergoing a cost revolution, with high-end product prices dropping from $5,000 in 2021 to 2,000-3,000 RMB by 2025, influenced by chip design, scale effects, and accelerated localization of the supply chain [20][61]. - The application scenarios for lidar are diversifying, with significant growth in both automotive and robotics sectors, particularly in service robots and autonomous vehicles [21][59]. Summary by Sections Industry Definition - Robot lidar serves as the core sensor for providing three-dimensional vision to robots, essential for high-precision, all-weather perception. The technology has evolved through mechanical rotation, semi-solid, and solid-state designs to enhance reliability and reduce costs [5]. Industry Characteristics - The robot lidar industry is a high-tech, research-driven sector with significant cost reductions reshaping market dynamics. The application scenarios are becoming increasingly diverse, with rapid growth in the robotics market [18]. Development History - The industry has evolved through three phases: initial experimentation (1960s-2000), industrialization and rapid growth (2001-2015), and large-scale application and maturity (2016-present) [23]. Industry Chain Analysis - The industry chain consists of upstream core components, midstream manufacturing and integration, and downstream application scenarios. The domestic substitution is progressing rapidly, with significant improvements in localization across all segments of the supply chain [28][29]. Market Size - The market size for robot lidar is projected to grow from 193.68 billion RMB in 2025 to 404.52 billion RMB by 2030, with a CAGR of 15.87%. The growth is attributed to the rapid expansion of the robotics industry and increasing penetration rates of lidar in various applications [57][61]. Competitive Landscape - The competitive landscape is characterized by a tiered structure, with leading companies like Hesai Technology and RoboSense dominating the market. The market concentration is expected to increase, with top firms capturing a significant share of the emerging robotics lidar market [75][80].

Group 1 - The article discusses the recent policy measures issued by Guangdong province aimed at promoting high-quality development in transportation through artificial intelligence [4][5] - The policy encourages enterprises to focus on core technology breakthroughs and innovation in areas such as end-to-end remote driving, intelligent decision-making, and precise prediction and control [4][5] - The initiative aims to create high-quality data sets, toolchains, and algorithm libraries to facilitate the application of large models in autonomous driving [4][5] Group 2 - The article lists various companies involved in the development of key technologies related to autonomous driving, including 威帝股份, 凯众股份, and 大华股份 [6] - It highlights the importance of advanced systems such as steer-by-wire systems, vehicle-mounted cameras, and heads-up displays (HUD) in the context of intelligent driving [6]