光峰科技2024年年度报告（英文版）

Appotronics Corporation Limited Annual Report 2024 1 / 304 Stock Code: 688007 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 Appotronics Corporation Limited. In the event of any discrepancy between the English and Chinese versions of this Report, the Chinese version shall prevail. Appotronics Corporation Limited Annual Report 2024 2 / 304 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 to have this opportunity to communicate with you again at this moment. The year 2024 is a crucial year for insisting on our strategy for Appotronics. We achieved continuous breakthroughs in upstream core technologies, and maintained leading advantages and won the recognition of international leading customers in new business fields. During this process, besides the hard work of the management and employees, I am especially grateful for the companionship and support from all shareholders. With the firm belief in the power of persistence when facing various internal and external challenges, last year, Appotronics achieved an operating revenue of RMB 2.419 billion, where the automotive business contributed an operating revenue of over RMB 600 million. By now, we have acquired a total of 13 automotive nominations, covering, among others, automobile-grade giant screens and headlight modules. Instead of seeking orders in vicious competition by combating a price war, we achieved joint development with customers relying on our in-depth technical accumulation and professional supply guarantees. I am even more gratified by and proud of the abundant achievements we made in the cutting-edge layout. We continued our R&D investments to promote the integration between laser and AI, to explore more application scenarios, and to continuously expand to more fields like AR glasses, robots, etc. We provided ALPD® modules for “Xiaowei”, the first household service robot released by Midea Group. These ALPD® modules empower the robots with “visual expression” to reconstruct the scenario and achieve innovative human-machine interaction. Before that, we developed the world’s first AR optical module with a PPI of over 10,000; by now, we have shipped sample modules to several leading listed companies in the AR industry chain for preliminary research and preliminary product development, 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 novel smart manufacturing. We will move to a new production base to solidify the foundations, including research and development