Securities Times reporter Kang Yin

On the evening of February 27, Guangfeng Technology (688007) released its 2024 annual performance report. According to the report, in 2024, Guangfeng Technology will firmly implement the development strategy of "core technology + core devices + application scenarios", and achieve operating income of 2.419 billion yuan through technical advantages and differentiated products, a year-on-year increase of 9.27%. Among them, the on-board optics business has entered the stage of intensive mass production and delivery, achieving an operating income of more than 600 million yuan.

In order to strategically position the AI and robot track, Guangfeng Technology has been continuously investing in R&D in cutting-edge fields in recent years, promoting the organic combination of AI with vehicle optics, professional display and other application scenarios, and continuously extending to robots, AR glasses and other fields, not only becoming the technology pioneer behind giving humanoid robots "visual expression", but also released the world's first self-developed PPI over 10,000 AR optical module, which can solve the industry's pain points of lightweight and adaptable to daily wear and insufficient display. Meet the brightness requirements of indoor and outdoor scenarios.

According to the information responded by Guangfeng Technology on the SSE E Interactive, the company has preliminarily provided small batches of module prototypes to upstream and downstream companies in the AR industry chain such as Huaqin Technology, a listed company on the A-share market, and Sunny Optical Group, a Hong Kong-listed company, for project pre-research and product pre-development.

For the future development plan, Guangfeng Technology said that in 2025, while continuing to make breakthroughs in the upstream of the laser industry to build core devices, it will further increase investment in cutting-edge fields, and drive downstream scenario innovation with upstream breakthroughs, especially focusing on the new scenarios spawned by new AI technologies.

In 2024, the company's automotive optics business will achieve an operating income of more than 600 million yuan, marking that the company's automotive optics business has entered the stage of intensive mass production and delivery. Guangfeng Technology actively cooperates with car companies to promote the landing and mass production of fixed-point models, and delivers high-quality products such as vehicle-grade projection giant screens and laser projection lamps. In particular, the M9 model has exceeded 200,000 units since its launch, which has effectively promoted the effective realization of the company's strategic transformation.

Guangfeng Technology has also carried out intensive technical and business contacts with well-known car companies at home and abroad, continued to expand its vehicle business territory, and won the recognition of world-renowned car companies. At present, Guangfeng Technology has obtained a total of 12 on-board fixed-point points, covering vehicle-grade giant screens, laser projection lights, lamp modules, dynamic color pixel lamps and static lights and other products, related products can be applied to cars, SUVs, MPVs and buses and other models according to the needs of car companies, realizing a major breakthrough in the full line of car companies and full coverage of models in various price ranges.

For the breakthrough direction of the on-board business, Guangfeng Technology pointed out that it will continue to strengthen the technology, innovation and differentiation capabilities of on-board products, focus on core brand customers and high-quality customers, and jointly promote the implementation and mass production of fixed-point projects with car companies. Industry insiders pointed out that Guangfeng Technology is gradually becoming a key technology supplier in these fields by virtue of its continuous investment and innovation in the fields of AI, robotics and vehicle optics.