光峰科技：2024年年度报告（英文版）

Stock Short Name: Appotronics Appotronics Corporation Limited Annual Report 2024 April 2025 本报告为深圳光峰科技股份有限公司自愿披露的《2024年年度报告（英文版）》，对本报告的中英文版本理解上发生歧义时，以中文版本为准。 This is the 2024 Annual Report (English version) voluntarily disclosed by AppotronicsCorporation Limited. In the event of any discrepancy between the English and Chineseversions of this Report, the Chinese version shall prevail. Keep Forging Ahead with Determination Dear all shareholders of Appotronics: As the world ushered in great challenges at the beginning of 2025, it is my honor tohave this opportunity to communicate with you again at this moment. The year 2024 is acrucialyear for insisting on our strategy for Appotronics. We achieved continuousbreakthroughs in upstream core technologies, and maintained leading advantages and wonthe recognition of international leading customers in new business fields. During thisprocess, besides the hard work of the management and employees, I am especially gratefulfor the companionship and support from all shareholders. With the firm belief in the power of persistence when facing various internal andexternal challenges, last year, Appotronics achieved an operating revenue of RMB 2.419billion, where the automotive business contributed an operating revenue of over RMB 600million. By now, we have acquired a total of 13 automotive nominations, covering, amongothers, automobile-grade giant screens and headlight modules. Instead of seeking orders invicious competition by combating a price war, we achieved joint development withcustomersrelying on our in-depth technical accumulation and professional supplyguarantees. I am even more gratified by and proud of the abundant achievements we made in thecutting-edge layout. We continued our R&D investments to promote the integrationbetween laser and AI, to explore more application scenarios, and to continuously expand tomore fields like AR glasses, robots,etc.We provided ALPD®modules for “Xiaowei”, thefirst household service robot released by Midea Group. These ALPD®modules empowerthe robots with “visual expression” to reconstruct the scenario and achieve innovativehuman-machine interaction. Before that, we developed the world’s first AR optical modulewith a PPI of over 10,000; by now, we have shipped sample modules to several leadinglisted companies in the AR industry chain for preliminary research and preliminary productdevelopment, which provides a solid ground for our development in the AR field. In my messages to shareholders in the past years, I stated that “in the coming years,we will strive to build a smart supply chain, transforming a small workshop into novelsmart manufacturing. We will move to a new production base to solidify the foundations,including research and development, supply chain, and platform capabilities”. This year,we have fulfilled our commitments: Appotronics achieved two major milestones - theglobal headquarters building built by Appotronics in Shenzhen and the Appotronics Innovation and Intelligence Valley Industrial Park have been put into use officially. As our“R&D headquarters” and the “advanced manufacturing base of optical devices and opticalmodules”, the completion of the two projects reflects the close combination between ourin-depth R&D effortsand advanced process manufacturing and a closed loop fromscientific research to manufacturing, which greatly accelerates technological innovation,further strengthens our technical leading advantages, and promotes our technologicalinnovation to a new stage. Despite the difficultieswe encountered in the first quarter, we keep our clearobjectives in mind andhave the strategic determination to move on. The trend ofintegration between the rapidly developing new technologies, such as AI, AR, and robots,and laser technologies remains unchanged, which will create more application scenarios forsemiconductorlaser.Appotronics will insist on the development strategy of“coretechnologies + core components + application scenarios” and improve our competitivenessin three aspects: In the future, we will focus on ensuring resources for the upstream strategy; In the future, we will make use of organizational transformation to promote theimplementation of our strategies and improve operating quality; and In the future, we will explore new major racetracks and create a more open ecologyrelying on our upstream advantages. Facing the turbulent changes in the external environment, we insist on our originalintention of creating a better life for people with technology. Therefore, I would like toclose my message with my statement last year: “I believe in the confidence and power ofAppotronics as a technology enterprise to seize the opportunity and create more growthspace in the trend of the era. Meanwhile, we are also aware that enterprise operation is aprocess of wavy development, in which we will meet obstacles instead of moving straightahead. We are firmly confident that we can forge ahead with strategic p