Qi Jinzhao China Securities Journal 2024-11-15 22:07

China Securities Network News (Reporter Qi Jinzhao) On the evening of November 14, Guangfeng Technology (688007) announced that the company recently received a development fixed-point notice issued by an international head brand car company, and will become its supplier of on-board optical components, providing dynamic color pixel lights for its multiple international models. The two parties of the fixed-point project have entered the state of performance, and it is expected to be mass-produced and supplied in 2025, which is expected to have a positive impact on the company's operating performance during the project life cycle.

Guangfeng Technology said that this fixed-point is the first time that the company has obtained multi-model cooperation from overseas leading car companies, and it is an important milestone for the company's vehicle business to go overseas, which reflects the full recognition of overseas customers for the performance and supply qualification of the company's innovative vehicle products, and also lays a solid foundation for the company to accelerate the expansion of more overseas brand car company cooperation. The company will continue to maintain the advantages of on-board optical technology and differentiated competitive advantages, and make concerted efforts in domestic and foreign markets to continue to accelerate the implementation of some scheduled projects.

According to public information, since the layout of the innovative application of on-board optics, Guangfeng Technology has made breakthroughs in the domestic and international markets, not only successively harvesting a number of leading car companies, but also successfully mass-producing the car Hongmeng Zhixing Wenjie M9 in a short period of time, and launching the industry's first vehicle-grade projection giant screen. In the international market, the global model smart Phantom #5 is equipped with the industry's first full-color laser projector provided by Guangfeng Technology.

According to the announcement, up to now, relying on the advantages of self-developed core technologies, Guangfeng Technology has obtained a total of 10 vehicle business designations; Among them, 4 fixed points were obtained during the year. At present, the fixed-point products have covered automotive-grade giant screens, laser projection lights, lamp modules and dynamic color pixel lights and other products, which can fully meet the diverse needs of car customers and have a very obvious first-mover advantage. In the first three quarters of 2024, the company's automotive optics business achieved revenue of 458 million yuan, and the diversification of categories and the differentiation of customers jointly promoted the realization of the company's strategic transformation.

From a strategic point of view, Guangfeng Technology's three major application directions for the automotive optical market, cockpit display, laser headlights, and AR-HUD have been implemented at corresponding fixed points, and the product layout has been effectively promoted. In particular, the cockpit display has successfully created the first vehicle-grade projection giant screen benchmark product in the intelligent automotive industry. In the laser headlights, in addition to the related full-color projection lamps have been landed, the world's first ALL-in-ONE laser headlights have also been launched.

Guangfeng Technology said that it will continue to maintain the advantages of on-board optical technology and differentiated competitive advantages, and make concerted efforts in domestic and foreign markets to continue to accelerate the implementation of some scheduled projects.

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