Optimistic Investors Push Union Optech Co.,Ltd. (SZSE:300691) Shares Up 31% But Growth Is Lacking
Union Optech Co.,Ltd.'s (SZSE:300691) Market Cap Rose CN¥417m Last Week; Individual Investors Who Hold 48% Profited and so Did Insiders
Union Optech (300691.SZ): The smart manufacturing project of new display and smart clothing products is expected to be completed and put into production, achieving an annual production of 18 million sets of automotive lenses.
Union Optech (300691.SZ) stated on the investor interaction platform on August 15 that in 2023, the company will drive the R&D and sales of AR/VR business with market-oriented approach. Several new models developed have been recognized by customers and the market, promoting the sales volume of AR/VR integrated machines to exceed 0.3 million units and achieving remarkable revenue growth. Currently, the company's AR/VR business orders are stable and maintaining a positive development momentum. In addition, the raised funds project, the "New display and smart clothing project", is being constructed in an orderly manner according to the established plan, and is expected to produce 18 million sets of vehicle-mounted lenses annually after reaching production capacity.
Union Optech (300691.SZ) has the technical and production capabilities for Asia Vets glasses, and currently has a small supply of products.
Union Optech (300691.SZ) stated on the investor interaction platform on August 15th that the company is one of the first hardware manufacturers in the domestic metaverse. It has accumulated core technologies of AR/VR related hardware products such as optical waveguide, fresnel lens, pancake, etc. through years of continuous investment. The company has the technology and production capacity for intelligent glasses, and there are currently a small number of products in supply, but the current business volume of the product is small, and the impact on the company's performance is limited. In addition, based on commercial confidentiality principles, some customer information is not easy to disclose.
The "Domestic Vision Pro" has passed 3C certification and will be sold for 1499 yuan. The target sales volume for this year is 0.5 million units.
On the afternoon of August 15th, Sina Technology News reported that Vision SE, also known as the domestic version of Vision Pro VR headset, passed the new version of 3C certification on July 30th. The manufacturer is Shenzhen Yijing Virtual Reality Technology Co., Ltd. and the producer is Zhongshan Union Optech Co., Ltd. According to the certificate page, Vision SE has two models: AppleCore_16X with a camera and AppleCore_16XS without a camera. The equipped charging head supports a maximum of 5V/3A. Vision SE is available on Taobao.
Union Optech (300691.SZ): Currently maintains a stable cooperation with Xiaopai Technology.
Union Optech (300691.SZ) stated on the investor interaction platform on August 14th that the Guangdong United Microelectronics Equity Investment Limited Partnership, in which the company participates in investment, holds 4.945% of the shares in Xiao Pai Technology (Shanghai) Co., Ltd. The company currently maintains stable cooperation with Xiao Pai Technology.
As of August 9, 2024, Union Optech (300691.SZ) has 16,791 shareholders.
On August 14th, Gelonghui reported that as of August 9th, 2024, Union Optech (300691.SZ) had 16,791 shareholders on the investor interaction platform.
Union Optech (300691.SZ): The company's products are widely used in the fields of internet of things vision, new display, and asia vets.
On July 24th, Gelonghui reported that Union Optech (300691.SZ) stated on the investor interaction platform that the company has mastered the design and development of optical lenses and optoelectronic products, ultra-precision mold technology, and intelligent manufacturing technology, and has core technologies such as optical stabilization, ultra-precision optical aspheric, free-form surface, and optical waveguide. The company has achieved many leading technologies such as black light true color imaging and instant focus technology. The company's products are widely used in the field of Internet of Things vision, new displays, and intelligent driving, with a wide range of product types and complete specifications, covering security video surveillance lenses, vehicle lenses, millimeter wave.
Union Optech (300691.SZ): At present, the company's product line does not yet include autos chips.
Union Optech (300691.SZ) stated on the investor interaction platform on July 24th that the localization of automobile chips will help increase demand in the domestic automobile market. There is expected to be an increase in demand for car cameras and millimeter-wave radar, providing the company with more market opportunities. The company's product line currently does not include automobile chips, and it is always exploring new market opportunities and technological trends, conducting relevant technical development and business expansion in accordance with market developments and customer needs.
Union Optech (300691.SZ): Their main products in the field of intelligent driving include in-car cameras, in-car projection products, etc.
Union Optech (300691.SZ) stated on the investor communication platform that the company's main products in the field of intelligent driving include in-car cameras, millimeter-wave radar products and related application products, AR-HUD related products, in-car projection products, etc. With technological advantages, in-car cameras have basically covered mainstream domestic automakers and some first-line international brand automakers through first-tier suppliers. Other products have been designated by many automakers such as BYD Company Limited, FAW Red Flag, NIO Inc, JAC, and Dongfeng Liuzhou Motors, covering more than 40 models.
Union Optech (300691.SZ): The product matrix in the field of Asia Vets driving includes vehicle-mounted lenses, millimeter wave radar and related products, AR-HUD related products, in-car projection products, etc.
On July 15th, Gelunhui reported that Union Optech (300691.SZ) stated on the investor interaction platform that the company's product matrix in the intelligent driving field includes in-vehicle lenses, millimeter wave radar and related products, AR-HUD related products, and in-vehicle projection products. Among them, in-vehicle lenses have basically covered major domestic car manufacturers and some first-line international brand car manufacturers through first-tier suppliers. Other products have been designated by many automobile manufacturers such as BYD, FAW Hongqi, NIO Inc, JAC Motors, Dongfeng Liuzhou Motors, covering more than 40 vehicle models. Due to commercial confidentiality, the details of some business cooperation cannot be disclosed. Thank you for your understanding.
Union Optech (300691.SZ) has officially signed a share acquisition agreement with all shareholders of Xi'an VPU.
Union Optech (300691.SZ) announced on February 29, 2024 that the company has signed an announcement regarding the signing of a purchase framework agreement. The company has signed a "Purchase Framework Agreement" with all shareholders of Xi'an Weipu Optoelectronics Technology Co., Ltd. (referred to as "Xi'an Weipu") and plans to acquire a total of 65% equity of Xi'an Weipu through acquisition and capital increase. As of now, the related audit and evaluation work of the target company has been completed, and the shareholders of the company and Xi'an Weipu have formally signed the "Equity Acquisition Agreement".
Union Optech (300691.SZ): Union Autos has been identified as a supplier of forward millimeter-wave radar products for some models of China FAW.
On July 9th, Gelunhui reported that Union Optech (300691.SZ) announced that its subsidiary, Zhongshan Union Automotive Technology Co., Ltd. (hereinafter referred to as "Union Automotive"), has recently received China First Automobile Group Co., Ltd. (hereinafter referred to as "China FAW")'s bid notice and supplier nomination letter. Union Automotive has been identified as the product supplier for the forward millimeter-wave radar, front corner millimeter-wave radar, and rear corner millimeter-wave radar assemblies of certain models of China FAW. The procurement cycle for this bid project is 5 years, and the total expected procurement amount is RMB 0.17 billion. According to the cooperation plan, this project is expected to be launched in 202.
Union Optech (300691.SZ): The company's professional lenses and optoelectronic products are mainly used in the fields of security video monitoring, new displays, and Asia vets.
On July 5th, Geelong reported that Union Optech (300691.SZ) stated on the investor interaction platform that they are a professional manufacturer of optical lenses, optoelectronic products, and optical system solution providers with core technology in optical imaging, optical display, and optical sensing. The company's professional lenses and optoelectronic products are mainly used in fields such as security video surveillance, new displays, and smart driving.
The actual controller of Union Optech (300691.SZ), Gong Junqiang, plans to transfer 5.01% of the shares to Liu Hong under agreement.
Union Optech (300691.SZ) announced that Gong Junqiang, the controlling shareholder, actual controller, and chairman of the company, intends to pass the agreement...
As of June 20, 2024, the number of shareholders in Union Optech (300691.SZ) was 17,879.
On June 26, Gelunhui reported that as of June 20, 2024, Union Optech (300691.SZ) had 17,879 shareholders on its investor interaction platform.
The Five-year Shareholder Returns and Company Earnings Persist Lower as Union OptechLtd (SZSE:300691) Stock Falls a Further 9.6% in Past Week
Union Optech (300691.SZ): AI driving is one of the company's key business directions for future development layout.
On June 7th, Geelong announced on the investors' interactive platform that smart driving is one of the main business directions for the company's future development layout. Currently, the company's smart driving products include in-car cameras, millimeter wave radar, millimeter wave radar related products, AR-HUD related products, in-car projection products, etc. It has acquired specific suppliers for multiple car manufacturers. Currently, the development time of the smart driving market is relatively short, and the maturity of the industry is gradually increasing. With car companies continuously increasing their investment in intelligence and the support of policies, the smart driving market will usher in a booming development opportunity, which will be beneficial for the company's business to expand at a faster pace. The company will
Union Optech (300691.SZ) has the technology and capability to produce various high-end optical lenses and optoelectronic products.
Union Optech (300691.SZ) said on the investor interaction platform on June 7 that the company is a professional manufacturer of lenses, optoelectronic products, and optical system solutions with core technologies in optical imaging, light display, and light sensing. The company's professional lenses and optoelectronic products have been widely used in fields such as internet of things vision video surveillance, new display, and smart driving. The company has the technology and capability to manufacture all kinds of high-end optical lenses and optoelectronic products. Specific products can be developed and customized in cooperation with customers according to their needs.
United Optoelectronics (300691.SZ): As of May 20, 2024, the number of shareholders of the company was 17,828
Gelonghui, May 24 | United Optoelectronics (300691.SZ) said on the investor interactive platform that as of May 20, 2024, the number of shareholders of the company was 17,828.
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