光峰科技：2025年第一季度报告（英文版）

Appotronics Corporation LimitedThe First Quarter Report in 2025 The Board of Directors and all the directors of the Company warrant that theinformation contained in this Report is free from any misrepresentation, misleadingstatement or material omission, and agree to assume the liability for the truth,accuracy and completeness of this Report according to the law. Important Note The Board of Directors, the Board of Supervisors, directors, supervisors and senior officers of theCompany hereby warrant that the information contained in this Quarter Report is true, accurateand complete and this Report is free from any misrepresentation, misleading statement or majoromission, and agree to assume joint and several liability for this Quarter Report.The Principal of the Company, Person in Charge of the Accounting Work and Person in Chargeof the Accounting Body (Chief Accountant) warrant the information presented in the financialstatements in this Quarter Report is true, accurate and complete.Whether the financial statements of the 1stquarter have been audited□ Yes √ No 本报告为深圳光峰科技股份有限公司自愿披露的《2025年第一季度报告（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。 Thisis 2025 First Quarter Report(English version)voluntarily disclosed by AppotronicsCorporation Limited. In the event of any discrepancy between the English and Chinese versions of thisReport, the Chinese version shall prevail. I.Major Financial Data (I)Main accounting data and financial indicators In RMB (II)Items and amounts of non-recurring profit or loss √ Applicable □ N/A It is required to specify the reason for defining items not illustrated in theInformation Disclosure andPresentation Rules for Companies Making Public Offering of Securities No. 1 - Non-recurring Profit orLossas non-recurring profit or loss items of significant amounts, and reasons for defining non-recurringprofit or loss items illustrated in theInformation Disclosure and Presentation Rules for CompaniesMaking Public Offering of Securities No. 1 - Non-recurring Profit or Lossas recurring profit or lossitems. □ Applicable √ N/A 1.Analysis of business operation In the first quarter of 2025, we insisted on the strategy of “core technologies + core components +applicationscenarios”and maintained the R&D investments in upstream core components andcutting-edge fields with a focus on the layout of and expansion to innovative fields including AR/AI,robots, automotive optics, etc. During the reporting period, our operating revenue was RMB 461 million,increased by 3.67% year on year; where the automotive optics business achieved the operating revenueof RMB 78.78 million, up by 64.03% year on year. The operating conditions of the Company during thereporting period include: Automotive optics business Since the beginning of 2025, we have acquired 3 high-quality nominations from domestic andoverseaswell-known automobile manufacturers,and received continuous orders from Seres forautomotive projection giant screen systems to be used on AITO M8 and M9 models. In the first quarterof 2025, our automotive optics business achieved the operating revenue of RMB 78.78 million, up by64.03% year on year. In April 2025, we officially released the “Lingjing” smart automotive optics system on theShanghai International Automobile Industry Exhibition 2025 (Auto Shanghai 2025). This system canachieve discretionary projection for the whole vehicle and smart interaction through AI speech control,so as to create a new mode of automotive optics featuring “full projection in the vehicle withdiscretionary projection” and improve the optical features and user experiences of the vehicle in all aspects. During the Auto Shanghai 2025, we declared a strategic cooperation with Valeo, a global leaderin automotive lighting systems and software, and jointly released a new generation of automotivelighting solutions integrating Appotronics’s ALL-in-ONE universal colorful laser headlights. Thisinnovative solution not only enhances the adaptive driving beam (ADB) function of vehicles to greatlyimprovesafety on road,but also meets drivers’ increasing needs for comfortable lighting andentertainment functions, so as to provide a safer, smarter, and more personalized driving experiences forthe global market. Dedicated display business In the World Expo 2025 (Expo 2025) in Osaka started in April 2025, our products were successfullyused in the pavilions of China, Cambodia, and Gabon. Nearly a hundred of laser large venue projectiondevices broke through the boundaries of physical exhibition and implemented tens of light and shadowpresentation tasks, which facilitate the presentation of the culture of the countries in a more vividmanner by making use of technologies, hence showcasing the scientific strength and brand image ofChina by opening the global laser market with our technologies and products. The recognition and use ofour products by three major national pavilions at the Expo 2025 indicate the successful expansion of ourlarge venue business