Joint Optoelectronics (300691) issued a notice on September 7, 2021: Huachuang Securities Guo Yijiang and Great Wall Fund Yang Weiwei conducted a survey of our company on September 6, 2021 by Deputy General Manager and Secretary of the Board Liang Yili, securities affairs representative Zhu Hongting, and Zhang Hongyu, sales manager of Zhongshan United Automotive Technology Co., Ltd., a wholly-owned subsidiary.

The main contents of this survey are as follows:
An investor relations activity was held from 15:00 to 17:00 on September 6, 2021 in the conference room on the first floor of United Optoelectronics. The main contents of the activities are as follows:
First, visit the company showroom and introduce the company's products.
Second, interactive questions:
1. Q: please give a brief introduction to the company. A: the company is a professional lens, optoelectronic products and system solution provider with optical imaging, optical display and light sensing as the core technology. After years of technical precipitation and deep ploughing in the optical field, the company has mastered the design and development of optical lenses and optoelectronic products, ultra-precision mold technology and intelligent manufacturing technology. it has the manufacturing technology of aspheric lens, Fresnel lens, free-form lens and other core optical devices, from optical design, mold design, precision machining, development to fully intelligent assembly and manufacturing system. The company's optoelectronic products have formed a complete industrial chain in the fields of optical imaging, optical display and light perception. With the increasing maturity of 5G technology and the rise of artificial intelligence, the company's optoelectronic products have been widely used in security video surveillance, consumer electronics, new display, intelligent driving and other fields.
2. Q: what are the company's core competitive advantages? A: the company is committed to professional optical lens optoelectronic products and provide optical system solutions for the market. The company will further consolidate the technical foundation in the field of optics, promote the integration of optoelectronic products in optical imaging, optical display and light perception, continuously enhance high-end manufacturing capabilities, and promote technological innovation. Increase investment in market research and development and product development of optoelectronic products, enrich the application fields of optoelectronic products, accelerate the expansion of the market of optoelectronic products, and use the power of science and technology to help human beings expand their horizons. To be a respected optical company. (1) excellent optical product R & D and design capability (2) continuous technological innovation advantage (3) core patent advantage (4) precision processing capability and automatic production equipment advantage (5) good market reputation advantage established by technology and quality (6) professional management and technical personnel advantage (7) leading product structure layout advantage
3. Q: please introduce the operation of the company in 2021. A: in the first half of 2021, the company will actively implement the company's business targets around the strategic planning and business goals and tasks of 2021. Various business sectors carry out industry benchmarking management, refine the development path and strategy, and enhance the core competitiveness. The company continues to adhere to technological innovation and new product development as the driving force to promote management change and accelerate technological and management innovation in order to cope with the complex and ever-changing market environment, so as to meet the emerging new needs and opportunities, to ensure the sustainable development of the company's business. In the first half of 2021, the company achieved operating income of 810141251.85 yuan, an increase of 76.03% over the same period last year, and realized net profit of 44340778.64 yuan for shareholders of listed companies, an increase of 298.53% over the same period last year. Revenue from security products increased by 63.24% over the same period last year, and revenue from non-security products increased by 135.28% over the same period last year. Among them, product revenue in the new display field increased by 55.27% over the same period last year, and product revenue in the field of intelligent driving increased by 63.46% over the same period last year.
4. Q: what is the strategic layout of the company? A: the company will further consolidate the technical foundation in the field of optics, promote the integration of optoelectronic products in optical imaging, optical display and light perception, continuously enhance high-end manufacturing capabilities, and promote technological innovation. Increase investment in market research and development and product development of optoelectronic products, enrich the application fields of optoelectronic products, accelerate the expansion of the market of optoelectronic products, and use the power of science and technology to help human beings expand their horizons. To be a respected optical company.
5. Q: the revenue situation and the reasons for the growth in the security video surveillance field in the first half of the year? What is the future prospect of the company's security field? A: in the first half of 2021, the company's security video surveillance products were in a state of steady development, with revenue increasing by 63.24% and gross profit margin slightly higher than the same period last year. The main reason for the growth is that the global business environment was affected by the epidemic in 2020, and orders for the company's engineering projects dropped sharply, which seriously affected the company's shipments of high-definition and high-magnification zoom lenses. In 2021, with the control of the epidemic and the steady development of the national economy, engineering project orders have returned to normal. In addition, security products update iteration, the company actively promote product structure optimization and adjustment and continue to promote efficiency and cost reduction and other factors. According to the relevant development forecasts of the industry, the product market in the field of high-definition and high-magnification zoom security has an annual growth rate of 15% and 20%. The company will continue to consolidate the market position of high-definition and high-magnification zoom security products, meet customer needs, and pay attention to the upgrading of products in a timely manner. Maintain close cooperation with leading enterprises in the field of security, increase investment in market research and development of optoelectronic products, and accelerate the expansion of the market of optoelectronic products.
6. Q: who are the customers of products in the field of security? A: in the field of security video surveillance, the company's products have successfully entered Haikangwei, Dahua shares, Yushi Technology, Huawei and other front-line security equipment manufacturers. it has been widely used in the construction of national "safe City", "Intelligent Transportation" and other major projects. In particular, the company's high-definition all-in-one camera lens occupies a large market share in the security industry by virtue of its excellent quality and performance. According to Japanese TSR statistics, from 2017 to 2019, the proportion of the company's total global sales of security video surveillance lenses increased from 3.7% to 12.2%, of which the proportion of 30x security surveillance lenses produced by the company increased from 79.4% to 92.4%. The company has a more obvious competitive advantage in the high-end field of security.
7. Q: the company's non-security product introduction, as well as future prospects. A: the company's non-security products mainly include: consumer electronics, new display, intelligent driving and other optoelectronic products. In the first half of 2021, revenue from non-security products increased by 135.28% over the same period last year, of which product revenue in the new display field increased by 55.27% over the same period last year, and product revenue in the field of intelligent driving increased by 63.46% over the same period last year. In the future, the company will focus on developing business in the field of new display and intelligent driving, and continue to strengthen the company's one-stop manufacturing capacity from optical design, mold design, precision processing, development to fully intelligent assembly. To provide customers with a wide range of optoelectronic product solutions and R & D and manufacturing services. Expand the market share of car lenses, break through the matching of millimeter wave radar products in domestic car factories, and speed up the expansion of the market in the fields of mobile phone lenses, intelligent projection and virtual reality. Through the construction investment of one of the projects, "Intelligent Manufacturing Project for New display and Smart Wear products", the company will introduce a series of new equipment, new processes and new technologies to enhance its competitiveness in vehicle lenses and new projection lenses.
8. Q: please briefly introduce the company's new display products and technical barriers. A: the company's new display products include laser projection and AR/VR. At present, there are stable customers and orders for this kind of products. in the first half of 2021, the yield of laser projection products has been greatly improved, and the product revenue in the new display field in the first half of the year increased by 55.27% compared with the same period last year. It is expected that after the completion of the fixed increase project, the intelligent display field can bring greater business growth to the company. The technical barrier of the new display products lies in the fact that the company has broken through the mirror technology to master the ultra-short focal lens technology, as well as the optical component technology needed for VR/AR terminal products, such as Fresnel lenses.
9. Q: please briefly introduce who are the customers of the company's new display products? A: at present, the new projection lens products have been used in laser TV and AR/VR products of Nuts, Changhong, Hisense, Guangfeng, LG, Xiaopi, Dapeng and other companies.
10. Q: the future development prospect of the company's new display products. A: with the advent of the 5G era, new projection, virtual reality and other downstream applications of optical lenses are likely to usher in great opportunities for development. The company will be based on the new projection, virtual reality and other emerging areas of the existing strategic layout, vigorously develop new application fields, and constantly enhance the company's market competitiveness.
11. Q: please briefly introduce the products of the company in the field of intelligent driving. A: there are two major products in the field of intelligent driving: car lens and millimeter wave radar. The company already has 220-degree view angle vehicle lens, thermal imaging lens, cabin inspection lens, forward-looking lens and other car lens products; and has angle radar, vehicle-road coordination radar, vehicle vital signs detection radar and other millimeter wave radar products. In the first half of 2021, the on-board lens is the main performance contribution source of intelligent driving products. Millimeter wave radar products have matured and have contacts and discussions with domestic car factory customers. The company has great confidence in the development of automotive electronics business.
12. Q: please briefly introduce who are the customers in the field of intelligent driving? A: the company has passed the ISO/TS16949:2016 certification and is gradually promoting to Guangzhou Automobile Honda, Great Wall Motor, Shanghai GM, Hainan Mazda, Chery Automobile and other vehicle manufacturers through downstream module manufacturers. At present, the company's car lens customers cover national vehicle manufacturers, and the downstream customers of millimeter wave radar are mainly domestic brand vehicle manufacturers and afterloading market.
Q: what are the advantages of the company's millimeter wave radar products? Answer: (1) the millimeter wave radar produced by the company is basically the same as the world-class automobile manufacturers Bosch and mainland in terms of technical parameters. (2) the company's latest 77GHz millimeter wave radar is very small and has reached the leading level in the world. (3) the company has built the leading automotive radar system design, verification and testing platform in China. In addition to the general testing functions, the company has its own domestic high and low temperature real-time full-system testing platform, as well as the domestic leading automotive bumper material testing system and PCB material testing system. (4) the company has formed a strategic cooperative relationship with domestic chip manufacturers and has obvious advantages of localization. (5) compared with the same products at home and abroad, the millimeter wave radar produced by the company has more cost-effective advantages. (6) the company's R & D team and management team are from excellent domestic enterprises in the field of intelligent driving, with more than 20 years of experience.
14. Q: the future development prospect of the company's intelligent driving products. A: according to the "MarketingAnalysisofLensUnitsMarkets (2019Edition)" released by TSR, global sales of car lenses increased from 81.77 million in 2016 to 175.89 million in 2019, with an average annual compound growth rate of 29.09%. It is expected that the global car lens market will continue to grow steadily in the next few years, and the global market sales and market value are expected to reach 204.5 million pieces and 1.353 billion US dollars respectively in 2023. At the same time, the advent of the 5G era will greatly accelerate the process of intelligent driving and rapidly improve the degree of car intelligence. In the early stage, the company has begun to lay out the field of intelligent driving, and the technology has matured. At the same time, the company also actively expand downstream customers, expand the downstream customer group.
15. Q: the progress of the fixed additional investment project. A: on January 11, 2021, the company received a "reply on the approval of Zhongshan United Optoelectronics Technology Co., Ltd. to issue shares to a specific target" issued by the China Securities Regulatory Commission (Securities Regulatory license).[2021]On the 26th, this increase will be valid for 12 months from the date of approval for registration. The construction of the Dingzeng project plant has started at the end of 2020, and the overall construction is in line with expectations. after the project is completed and reaches production, it can achieve an annual output of 18 million sets of car lens products, 2 million sets of new projection lens products and 580000 sets of VR/AR all-in-one machines.
16. Q: what are the reasons for implementing the equity incentive plan in 2020 and 2021? A: the company is a well-known domestic optical lens product design and production enterprise, with complete optical lens products and supporting precision optical components development capability. At present, relying on strong R & D and design capabilities, excellent product performance and complete product line structure, as well as excellent R & D team, the company has established a good market reputation in the industry, high customer awareness and outstanding market position. In order to attract and retain the company's core technical personnel and core management personnel, fully mobilize their enthusiasm and creativity, and effectively enhance the cohesion of the core team and the core competitiveness of the enterprise, the company has implemented the 2021 equity incentive plan for these personnel. in order to maintain the company's leading edge in technology, and actively develop high-end products that meet the needs of new industries, especially in the field of new display and intelligent driving. Comprehensively enhance the influence and competitiveness in the industry. During the reception, the reception staff of the company had full communication and communication with investors, signed the "letter of commitment to visit" in strict accordance with the relevant regulations, and there was no leakage of major undisclosed information. at the same time, investor relations management has been carried out in accordance with the requirements of the Shenzhen Stock Exchange.

Joint optoelectronic main business: production and operation of all kinds of optoelectronic lens products, new electronic components manufacturing, graphics and image recognition and processing system manufacturing, mold manufacturing and after-sales service of the above products; Class II 6822 medical optical instruments, instruments and endoscope equipment; industrial room rental, commercial room rental, office building rental; enterprise management; property management; technical consulting and services. (the above involves operating with a license.)

According to the 2021 report of United Optoelectronics, the company's main income was 810 million yuan, up 76.03% from the same period last year; the net profit from the home was 44.3408 million yuan, up 298.53% from the same period last year; deducting 40.2777 million yuan from non-net profit, up 406.6% from the same period last year; debt ratio 47.86%, investment income 3.3202 million yuan, financial expenses 6.658 million yuan, gross profit margin 21.13%.