证券代码：002273 股票简称：水晶光电 公告编号：（2025）006 号 浙江水晶光电科技股份有限公司 关于董事、高级管理人员股份减持计划实施完成的公告 公司董事长林敏先生，董事、副总经理李夏云女士，副总经理王保新先生保证向本公司 提供的信息内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 浙江水晶光电科技股份有限公司（以下简称"公司"或"本公司"）于 2024 年 12 月 13 日披 露了《关于董事、高级管理人员减持股份预披露公告》（公告编号：2024（085）号），公司董事 长林敏先生，董事、副总经理李夏云女士，副总经理王保新先生合计持有本公司股份 35,831,803 股（占公司剔除回购专用账户中股份数量后的总股本比例为 2.61%），计划自上述公告披露之日起 15 个交易日后的 3 个月内，以集中竞价或大宗交易方式合计减持公司股份不超过 3,746,000 股（占 公司剔除回购专用账户中股份数量后的总股本比例不超过 0.27%）。 公司近日收到董事长林敏先生，董事、副总经理李夏云女士，副总经理王保新先生出具的《股 份减 ...

证券代码：002273 证券简称：水晶光电 5、问：请问公司怎么看和大客户单机价值量的趋势？ 答：公司和大客户合作至今，从最初的唯一大单品红外截止滤光片，到现在薄 膜光学面板、微棱镜模块等，新的单品成长为有力的业绩支撑，公司的产品结构不 断优化，向多元化大单品演进，这也是过去全球智能手机市场出货量有所波动，但 是公司的业务规模仍然保持稳定增长的原因。目前公司有多个研发项目并行开发 中，未来随着新的项目逐步落地，产品结构不断丰富，单机价值量有望呈现稳定提 升态势。 浙江水晶光电科技股份有限公司投资者关系活动记录表 编号：2025006 | |  特定对象调研 分析师会议 | | --- | --- | | 投资者关系活动 类别 | 媒体采访 业绩说明会 | | | 新闻发布会 路演活动 | | | 现场参观 其他 | | 参与单位名称 | 国盛证券、富国基金、施罗德国际、施罗德投资(香港) | | 时间 | 2025 年 1 月 21 日-2025 年 1 月 22 日 | | 形式 | 线上及线下调研 | | 上市公司接待人 员姓名 | 副总经理兼董事会秘书 韩莉、IR | | 投资者关系活动 ...

Performance and Growth - Q4 2024 performance growth slowed due to seasonal industry trends, with the consumer electronics peak season typically in Q3 [1] - The micro-prism project's shipment cycle in 2024 was earlier than in 2023, impacting Q4 performance [1] - The company expects stable growth in the infrared cut-off filter sector in 2025, with potential growth in coated filters and micro-prism products due to new client models [6] - The automotive business is expected to show better profit performance by 2026, driven by domestic client HUD upgrades and overseas client production [6] - The semiconductor business will remain stable, with new opportunities expected from AR/VR and spatial computing developments [6] AR/VR and AI Trends - AI glasses are in an early stage of explosive growth, with AI+AR being an inevitable trend [7] - The company is focusing on becoming a core AR optical display solution provider, with AR optics listed as a top priority [8] - The AR glasses market is still in its infancy, with most products featuring audio functions and low-resolution displays [13] - The company is optimistic about reflective waveguide technology, which offers advantages in optical performance and resolution [12] - The ideal weight for waveguide lenses is not yet defined, varying based on AR glasses design [14] Organizational and Strategic Adjustments - Organizational adjustments may lead to fluctuations in capital expenditures and period costs, but are necessary for long-term client development [3] - The company is implementing a "field-first" approach in 2025 to improve efficiency and maintain strategic focus [3] - The company is transitioning to a new phase, with the Taizhou base focusing on core clients and the Vietnam base supporting dual-circulation strategy [18] - The company is confident in its ability to coordinate resources and enter a new development stage, leveraging its technical capabilities and client relationships [18] Client and Market Expansion - The company is diversifying its client base by expanding into North American and South Korean markets, with Vietnam playing a key role in South Korean client development [11] - The company is executing a dual-circulation strategy, focusing on innovative products in high-end markets and ensuring profitability in general products [11] - The company expects positive market signals from AI integration in smartphones and client expansions in India and Africa [20] Technological Developments - The company is addressing challenges in reflective waveguide technology, with ongoing efforts to improve production processes [19] - The company is developing NPI production lines for reflective waveguides, with some basic processes already established [19]

证券代码:002273 证券简称:水晶光电 编号: 2025003 | | ☑ 特定対象调研 □分析师会议 | | --- | --- | | 投资者关系活动 类别 | □媒体采访 □业绩说明会 | | | □新闻发布会 □路演活动 | | | □现场参观 □其他 | | 参与单位名称 | 国投证券:华泰证券;山西证券:华泰证券(上海)资管:上海原点资管;中 | | | 海基金;财通资管;华金证券 | | 时间 | 2025年1月10日 | | 形式 | 线下及线上调研 | | 上市公司接待人 | IR | | 员姓名 | | | 投资者关系活动 | 1、问:公司 2024年业绩预告已经披露了,取得当前业绩主要的驱动原因是什么? | | 主要内容介绍 | 答:公司的主要业务从出货量上来看都有比较好的增长,尤其是微棱镜产品, | | | 随着机型的下沉,市场总需求有所提升,公司作为主要供应方,出货量的提升带动 | | | 了核动率,另外薄膜光学面板、安卓旋涂滤光片出货量也有所提升,很好地带动了 | | | 公司业绩增长。 | | | 除此之外,2024年公司落地"降本增效",通过预算控制、人效提升、设备利 | ...

Summary of the Conference Call Company and Industry - The conference call is related to **Crystal Optoelectronics**, a company involved in the optical components industry, particularly focusing on consumer electronics and advanced optical technologies. Key Points and Arguments 1. **Q4 Performance Concerns**: There is a general concern among investors regarding the expected performance in Q4, which is anticipated to show a decline compared to Q1 to Q3. The company explained that this is typical for the industry, as Q4 usually sees a drop in sales due to seasonal fluctuations, particularly in the fruit supply chain sector [4][5][6]. 2. **Sales Forecast for 2023 and 2024**: The company expects a significant decline in Q4 2023 sales, estimated to be down by approximately 30-40% compared to Q3, with a further expected decline of around 10% in Q4 2024 [5][6]. 3. **Growth Outlook for 2025 and Beyond**: The company outlined its growth strategy for 2025 and 2026, focusing on several key product segments: - **Infrared and Optical Components**: The company aims to maintain its market share in infrared optical components, with an expected increase in demand due to new product launches [6][7]. - **Optical Film Panels**: The company anticipates growth in the optical film panel segment, particularly with new production capabilities in Vietnam [8][9]. - **Automotive Sector**: A projected 15% increase in shipments for automotive products is expected in 2024, with further growth anticipated in 2025 [9][10]. 4. **Strategic Partnerships**: The company emphasized its strong relationships with major clients, which are crucial for future projects and innovations. It is positioned as a strategic partner in technology development, particularly in the context of emerging technologies like AR and AI [12][13][31]. 5. **Technological Innovations**: The company is focusing on advancements in optical technologies, particularly in the context of the metaverse and AI applications. It aims to be a leader in optical solutions for AR glasses and other innovative products [31][32][33]. 6. **Operational Adjustments**: The company is undergoing significant organizational changes to better align with market demands and client needs. This includes a shift in production bases and a focus on enhancing operational efficiency [20][24][26]. 7. **Investment in R&D**: There is a commitment to increasing capital expenditures and R&D investments to support long-term growth and innovation, despite potential short-term impacts on financial performance [27][28][29]. Other Important but Possibly Overlooked Content 1. **Market Dynamics**: The company acknowledged the competitive landscape and the need to adapt to changing market conditions, particularly in the context of AI and AR technologies [14][15][32]. 2. **Long-term Vision**: The management expressed confidence in the company's ability to navigate challenges and capitalize on opportunities over the next five to ten years, positioning itself as a key player in the optical technology sector [14][61]. 3. **Customer Engagement**: The frequency of customer engagement and feedback is highlighted as a critical factor in the company's strategic planning and product development processes [36][49]. This summary encapsulates the main themes and insights from the conference call, providing a comprehensive overview of the company's current status and future outlook in the optical components industry.

证券代码：002273 股票简称：水晶光电 公告编号：（2025）004 号 浙江水晶光电科技股份有限公司 2024 年年度业绩预告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 一、本期业绩预计情况 1、业绩预告期间：2024 年 1 月 1 日至 2024 年 12 月 31 日 2024 年，公司紧跟全球消费电子行业的复苏步伐，积极把握人工智能大模型带来的产 业升级机遇，充分发挥技术创新的驱动力量，成功实现了单一大单品向多元化大单品的结 构跃迁，推动公司业务规模攀登新峰，盈利能力持续增强。公司全年以"调结构优布局， 缩支出降风险，打造内生竞争力"的经营方针为指引，通过聚焦核心战略、优化资源配置、 升级内部管理等举措，积极构建坚实的内在竞争力，有效应对了市场环境的复杂挑战。在 产品、市场和客户结构的不断优化下，公司各业务板块市场份额持续攀升，产品毛利率和 净利率实现了双增长，公司业绩呈现出强劲的增长势头，为未来的可持续发展奠定了坚实 基础。 四、风险提示 本次业绩预告数据为公司财务部门初步核算的结果，具体财务数据以公司披露的 2024 年年度报告为准。敬 ...

Business Outlook for 2025 - The company maintains a stable market share for infrared cutoff filter products, which have been traditional products for over a decade [2] - The spin-coating filter, an upgraded product, has a high market share in Android clients, with increasing penetration expected to open up market space [2] - The optical panel business has reached a stable market share in mobile camera cover plates, with future growth expected from non-mobile business [2] - The micro-prism products are anticipated to remain in high-end models, with growth potential as new models are released [2] - The automotive market remains competitive, with domestic clients being the primary focus for 2025, while overseas clients require more time for mass production [2] - The company aims to enter major client supply chains with spin-coating filter products, presenting new growth opportunities [2] Organizational Transformation - 2025 is a critical transformation period for the company, focusing on enhancing organization, operations, talent, and management to meet the needs of strategic partners [2] - The company will implement a "site-oriented" approach, encouraging management and technical staff to engage directly with production to identify and solve problems [3] AR Glasses Market Strategy - The company is optimistic about the booming smart glasses market, with expectations for a mature software ecosystem and consumer habits [4] - The company has over a decade of experience in AR glasses, focusing on waveguide technology and components for imaging and sensing [4] - Challenges remain in mass production of reflective waveguides, but the company has established a strong optical film R&D base to meet large-scale production demands [4] - The AR glasses market is more complex than smart glasses, requiring further maturation of hardware, software, and AI [4] Shareholder Returns - The company has prioritized shareholder returns, with over ten cash dividends since its listing, totaling over 1 billion CNY from 2020 to 2024 [5] - In 2024, the company initiated mid-year cash dividends, amounting to 138 million CNY, and plans to continue prioritizing cash dividends while ensuring operational funding [5] Automotive Electronics Performance - The AR-HUD product has achieved annual shipments in the hundreds of thousands, maintaining close partnerships with major clients [6] - Despite pricing pressures in the competitive automotive market, the company sees rapid penetration of HUD technology and broad market potential [7] - The company is focused on cost reduction in the supply chain while developing high-quality AR-HUD solutions to improve profitability in the coming years [7] Vietnam Base Development - The second phase of the Vietnam base construction is nearing completion, with internal renovations underway and equipment installation planned [7]

Group 1: Automotive Business Development - The company has achieved an annual shipment of AR-HUD products exceeding hundreds of thousands, maintaining close cooperation with clients like Changan Deep Blue, Hongqi, and Great Wall, positioning itself among the industry leaders in market share [2] - Despite pricing pressures in the automotive market, the company sees rapid penetration of HUD technology and a broad market space, focusing on cost reduction and high-quality client acquisition to enhance profitability in the coming years [2] Group 2: AR Glasses and Optical Components - The company has over a decade of experience in the AR field, focusing on optical products such as waveguide plates, which are critical components with high cost in consumer-grade AR glasses, indicating potential for significant growth [3] - The company emphasizes the development of reflective waveguide technology, which offers superior display quality and a wide field of view, although mass production remains a global challenge [3] Group 3: Strategic Transformation and Resource Allocation - 2025 is identified as a crucial transformation year for the company, necessitating enhancements in organization, operations, talent, and management to ensure successful project execution [4] - The company prioritizes R&D investments aligned with strategic focuses on AR and semiconductor optics, emphasizing projects with high profitability and competitive barriers [4] Group 4: Robotics and Future Market Prospects - The company is exploring the humanoid robot sector, which requires numerous optical components, particularly 3D sensing elements for spatial awareness, indicating a promising market outlook in AR, VR, and humanoid robotics [5]

证券代码:002273 2 证券简称:水晶光电 浙江水晶光电科技股份有限公司投资者关系活动记录表 编号: 2024013 | | ☑ 特定対象调研 □分析师会议 | | --- | --- | | 投资者关系活动 类别 | □业绩说明会 □媒体采访 | | | □新闻发布会 □路演活动 | | | □现场参观 □其他 | | 参与单位名称 | 上海九颂山河股权投资基金管理有限公司、上海祥达股权投资基金管理有限公司 | | 时间 | 2024 年 12 月 31 日 | | 形式 | 线上调研 | | 上市公司接待人 | 副总经理兼董事会秘书 韩莉 | | 员姓名 | | | 投资者关系活动 | 1、问:请问公司的研发实力和竞争力体现在哪里? | | 主要内容介绍 | 答:公司在过去三五年在研发上的投入逐年增长,截至2023年末公司研发人 | | | 员规模超千人,占员工总数比例超 10%,在制造业中属于研发投入较高的企业。体 | | | 现在产品上,过去公司以提供产品加工服务为主,但现在公司为客户提供光学解决 | | | 方案,助力客户实现产品量产落地,从制造型向技术型转型。客户对公司的认知也 | | | 由 ...

Business Performance and Strategy - The company's automotive business currently contributes a small portion to overall revenue, with domestic customers and TFT-based AR-HUD solutions being the main focus [2] - Future profitability in the automotive sector is expected to improve with increased HUD penetration, adoption of high-end LCOS solutions, and overseas customer projects transitioning to mass production [2] - The company implemented cost-saving measures ("Two Reductions, Three Cuts") in 2023, resulting in significant reductions in management and R&D expenses [2] - For 2024, the company plans to continue cost optimization efforts to support business development [2] International Expansion and Manufacturing - The Vietnam Phase II factory is expected to be operational in Q1 2024, enhancing international capabilities and management expertise [2] - The company has established a global presence with Vietnam and Singapore bases to mitigate potential tariff impacts [2] Product Development and Market Position - The company maintains a diversified product portfolio, balancing market share, pricing, and profitability across existing and new businesses [2] - For 2025, the company anticipates a significant transition period, moving from partnership to strategic partnership status with major clients [4] - Multiple concurrent development projects with major clients are underway, marking a record high in project volume [4] Optical Technology and AR Applications - The company is actively collaborating with major clients on AR glasses, focusing on near-eye display systems and 3D sensing components [6] - Significant progress has been made in reflective waveguide technology, with the company leveraging its 20+ years of optical expertise to address mass production challenges [6] - The company maintains a strategic partnership with Digilens for holographic waveguide solutions [6] Financial Performance - Q3 2023 saw improved gross margins due to increased shipments across five major business segments, particularly in micro-prism modules [8] - Operational efficiency improvements, including cost control and equipment utilization, contributed to the margin enhancement [8] Market Trends and Outlook - The smart glasses industry is expected to grow rapidly with advancements in AI, hardware, and software ecosystems [6] - The company is well-positioned in the AR glasses supply chain, providing optical components and wafers with significant global market share [6]