Zhitong Finance App News. On the evening of August 21, Guangfeng Technology (688007.SH) released its 2026 semi-annual report. The report shows that in the first half of 2026, the company achieved revenue of 477 million yuan. During the reporting period, the company's upstream core devices were initially implemented and first applied to cinema light sources. While the overall cinema business and professional display business remain stable, the company actively adjusts the revenue scale of the automotive optics and C-side businesses and actively optimizes the business structure.
Steady promotion of cinema and professional display business
According to the report, in the cinema business, although revenue declined due to national box office performance in the first half of the year, overall it remained steady and continued to contribute stable cash flow to the company. At the same time, Guangfeng Technology continues to enrich its cinema product line, launch next-generation S series light sources and GeniLaser™ series light sources using self-developed upstream core devices, and focus on overseas cinema markets.
According to data, GeniLaser™ uses Guangfeng's self-developed laser. On the basis of continuing the characteristics of ALPD® laser light sources such as no speckle, stable light output, and long service life, it allows cinemas to join the laser projection industry in an easier way, benefiting a wide range of cinema partners.
In terms of professional display business, Guangfeng Technology said it will promote R&D and product layout around the three main lines of laser technology route, product matrix upgrade, and software and hardware collaborative innovation to enhance market competitiveness. In terms of product systems, the company has now built a product matrix covering the 5000-34,000 lumen segment, with four major tracks: high-end flagship, high-end engineering, mid-range mainstream, and large-scale popularization of accurate cards. At the same time, the company continues to deepen the integration of AI technology and exclusive display business, and officially released the first AIGC 3D mapping software, aiMapper, which effectively solves industry pain points such as complex content production and debugging of traditional projection projects, and greatly reduces the debugging cycle for lighting and shadow projects.
It is worth noting that the AI-enabled specialty business is not a conceptual experiment, but has been recognized by third party industry authorities.
At InfoComm2026, an annual event for the global professional audiovisual industry held in June this year, AIMapper won the Best of Show (Best Exhibit Award) from ProjectorCentral, an authoritative media in the global projection industry, and was evaluated as: “The core is that the projection mapping workflow has actually been simplified, scaled up, and technological innovation. Currently, projection mapping is one of the core and most promising application tracks of projector technology, and the breakthrough brought about by this product is extremely valuable to the industry.”
The performance stage is under pressure, and the structure is actively optimized
In the first half of 2026, Guangfeng Technology's automotive optics and C-side businesses are still facing greater operating pressure under the influence of factors such as the macro environment and industry competition. During the business adjustment process, the company actively reduced the revenue scale of the vehicle and C-side businesses with low gross margins, and gross profit declined accordingly, causing the revenue and profits of these businesses to continue to be under pressure in the short term. However, judging from financial logic, although actively shrinking low-margin businesses dragged down revenue and net profit in the short term, it would help the company concentrate resources and invest in areas with more long-term value.
Facing the declining macroeconomic environment, intensifying industry competition, and its own business challenges, Guangfeng Technology is based on core technology accumulation in the semiconductor light source field and concentrates on research on key core technologies and core devices to accelerate strategic implementation and business transformation. At the same time, overseas markets are the company's key layout direction. It will rely on original core technology to meet the market needs of different countries and regions to deepen channel construction and customer cooperation.
Overall, by actively clarifying business burdens and focusing on the direction of high added value, the company is gradually promoting business structure optimization, leaving more room for subsequent high-quality development.