Qi Jinzhao China Securities Journal 2025-02-22 17:17

China Securities Network News (Reporter Qi Jinzhao) On the evening of February 21, Guangfeng Technology (688007) announced that it 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 it with exclusive static lights, suitable for its global market and a full range of models. The designated project is expected to be mass-produced and shipped in 2025.

According to the announcement, the static lamps supplied by Guangfeng Technology have high-quality effects and significant price competitiveness, which will help the company's vehicle business to further enhance product category innovation, achieve a larger scale and enhance the company's market competitiveness in the automotive industry after mass production. It is expected that the static lamp will be applied to the customer's global market and a full range of models, realizing a major breakthrough in the full line of models of international car companies and full coverage of models in various price ranges.

According to public information, the application scenarios of static lights in the automotive field include but are not limited to brand logo lights, projection lights for safety reminders and welcome lights, etc., combined with AI technology and vehicle machine system, consumers can customize the generation of projection content, and the vehicle can also automatically identify the environment and project warning signs, which has broad prospects for future applications. These features not only enhance the design recognition of the vehicle and the safety of driving at night, but also meet the needs of car companies and consumers for branding, personalization and safety. In the early days, such static lamps were mainly used in high-end luxury models, but with the continuous advancement of technology and the growth of demand, they have gradually been popularized to mid-to-high-end or high-quality new energy vehicles. Exterior projection lamps, represented by static lamps, are becoming an emerging growth point in the field of automotive lighting.

Guangfeng Technology said that this designation represents the company in the field of lights. The cooperation of international head host manufacturers through static lights is the full recognition of the company's on-board product performance and supply qualification by customers. Diversified product capabilities and excellent R&D capabilities have driven the company to further open up the automotive lighting industry chain, which can fully meet the needs of different car companies and models.

Guangfeng Technology's 2024 annual performance forecast shows that in 2024, the company's vehicle business will enter a stage of rapid growth, deliver vehicle products with quality and quantity, and achieve an operating income of more than 600 million yuan. Up to now, based on the innovation and differentiation of on-board products, the company has obtained a total of 12 on-board business designations; Among them, 2 fixed points have been obtained in 2025. Guangfeng Technology said that in the future, the company will actively cooperate with the planning of car companies to carry out mass production and delivery of products that have been fixed, and at the same time continue to improve product innovation and differentiation capabilities, focus on the brand customers of leading car companies, and expand more high-quality fixed-point landing.

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