Juguang Technology (688167.SH) received the second fixed-point project for mass production of lidar transmission modules from AG

Zhitong Finance App News, Juguang Technology (688167.SH) issued an announcement. The company recently obtained an official fixed letter from a well-known European car tier 1 customer (customer code: AG, limited to a confidentiality agreement, unable to disclose its name) for the latest generation lidar line spot emission module project. The fixed letter clarifies that AG has selected Juguang Technology to develop and mass-manufacture line spot emission module products required for its lidar project. The fixed order amount and payment methods for various levels of supply prices, predicted supply quantities for each year, and project-related investments. The customer of the fixed-point project terminal company is a world-renowned car company headquartered in Europe. Mass production of the launch module is expected in 2027. According to customer forecasts, the estimated demand for the fixed-site project is about 150,000 units during the life cycle.

This fixed-point project is the second fixed-point project for mass production of lidar emission modules from AG since the company disclosed that it was designated for AG's first lidar line spot emission module project on December 4, 2023. It shows that the product technology and quality of Juguang Technology's line spot emission module have been fully recognized by the automotive customer AG.

After mass production of the lidar line light spot emission module products involved in this fixed-point project, the company will confirm product revenue based on the customer's actual order delivery, which is expected to have a positive impact on the company's business performance during the life cycle of the project. The launch module for this fixed-site project is expected to be mass-produced in 2027. Currently, it is still in the development and verification stage, and R&D samples are being continuously delivered. It is not expected to have a significant impact on the company's business performance in 2024. As a qualified supplier to AG, the company is expanding more cooperative projects with AG, and it can be anticipated that new potential project targets may be generated in the future.