Opt 2025 performance doubles but has not yet recovered to peak levels; robot business generates over 23 million yuan in its first year | Guangdong robot company annual report scan

Daily Economic News Reporter | Wu Zepeng Daily Economic News Editor | Zhang Yiming

Recently, Opto Electronics (SH688686, stock price 89.82 yuan, market value 10.979 billion yuan), a machine vision company located in Dongguan, Guangdong, disclosed its 2025 annual report. Last year, it achieved revenue of 1.269 billion yuan and net profit attributable to the parent of 186 million yuan, representing year-on-year growth of 39.24% and 36.63%, respectively, which once and for all reversed the downward trend in both revenue and profit in the previous year.

It should be noted that Opto Electronics went public at the end of 2020. It then reached a peak in profits over the following two years. Although last year’s revenue hit a new high, its net profit was only about 60% of the peak period. In addition, last year, Opto Electronics acquired Dongguan Tailai Automation Technology Co., Ltd. (hereinafter referred to as Dongguan Tailai). The latter contributed 112 million yuan in revenue in the current period, and net profit attributable to the parent of 6.2149 million yuan.

In addition, a reporter from the Daily Economic News noted that as a robotics-related business forming a forward-looking strategic layout, Opto Electronics generated revenue for the first time in this segment in 2025, achieving a “from 0 to 1” breakthrough. Opto Electronics also provided performance guidance for 2026 revenue growth of no less than 25%, and clearly stated its plan to fully build the robotics business as the company’s “second growth curve” over the next five years.

Opto Electronics also said that as robots accelerate their integration into industrial application scenarios, the collaborative capabilities of perception, decision-making, and execution that robots require are becoming an indispensable and important incremental direction in intelligent manufacturing systems. The company has completed the layout of core perception products such as binocular structured light and laser radar.

The core of machine vision consists of three parts: industrial cameras, light sources, and image processors. Their respective functions are to capture images, illuminate the items under test, analyze images and output conclusions. Together, they form a complete machine vision solution. Opto Electronics started with light sources and now has a complete set of core machine vision software and hardware products.

It should be noted that for many years, Opto Electronics has positioned itself as a supplier of core automation components. Its business operations and technical direction have focused on industrial applications. Opto Electronics has also previously stated that although the company’s products and technologies can be used in the production process of humanoid robots, they do not involve parts that are directly used in humanoid robots.

However, in 2025, Opto Electronics proposed a strategic opportunity in the era of intelligent manufacturing and artificial intelligence. The company has established a dual-track development strategy of “industrial automation + intelligent robots”: on the one hand, continuing to deepen its existing advantages in industrial automation; on the other hand, taking a forward-looking layout in the field of intelligent robot components to open up a new growth track.

A reporter from the Daily Economic News noted that in its 2025 annual report, Opto Electronics indicated that its robotics business achieved a “from 0 to 1” breakthrough, realizing a dual closed loop of in-house supply and industrial scenario implementation, and that revenue was generated from business with customers related to robots of approximately 23.3 million yuan.

At an investor communication meeting earlier this year, Opto Electronics also introduced its cooperation with Yuejiang (HK02432), a Hong Kong-listed robot company. The company uses 3D vision systems to guide Yuejiang’s high-performance collaborative robotic arms, achieving full-chain coordination of “perception—decision—execution,” and jointly creating logistics automation sorting solutions featuring high precision, high cycle rate, and high reliability.

Opto Electronics also said that over the next five years, the company will fully build the robot “second growth curve,” focusing on the core of embodied intelligence and deeply cultivating key components for robot perception and motion control.

In addition, in February this year, Opto Electronics proposed a new round of fundraising plan. The company intends to raise no more than 13.8 billion yuan by issuing convertible bonds to unspecified parties, to be used for the expansion and construction projects of industrial 3D vision sensor and intelligent hardware; the R&D project of AI (artificial intelligence) vision solution systems; and key components of industrial robots, among others.

Regarding the strategic layout of smart robot components, in the convertible bond issuance prospectus (submission draft) released in April, Opto Electronics introduced that in the first half of 2025, the company established a robotics business division. In terms of core technology, the company will transfer and apply advanced vision technologies accumulated in industrial sites (such as high-precision positioning, defect detection, dynamic target tracking, etc.) to robot scenarios. Centering on environmental perception, positioning and navigation, and human-machine interaction needs of various robot mobile terminals, it has already laid out four major product directions: dToF cameras and iToF cameras (a technology that obtains depth information through optical pulse time-of-flight; among them, dToF refers to direct time-of-flight, and iToF refers to indirect time-of-flight), binocular structured light, and laser radar—fully covering the key visual components required for robot “vision perception.”

In practice, although the robotics business has achieved a “from 0 to 1” breakthrough, its current revenue contribution is not yet large. Opto Electronics’ core performance growth in 2025 still comes from traditional core machine vision components. Last year, this business generated revenue of 960 million yuan, representing a year-on-year increase of 21.01%.

A reporter from the Daily Economic News noted that the substantial growth in revenue of the above core machine vision components also has another major backdrop: in 2023 and 2024, Opto Electronics had already shown consecutive declines in revenue in this segment. In 2022, Opto Electronics’ revenue from core machine vision components reached 963 million yuan, up 28.99% year on year; but in 2023, that figure was 809 million yuan, and in 2024 it was only 793 million yuan. The year-on-year declines were 16.02% and 1.93%, respectively. Previously, the company said that due to changes in the overall market environment, downstream customers had insufficient demand for production line upgrades and replacement. As can be seen from the comparison, in 2025, Opto Electronics’ traditional business has already approached the peak revenue level in 2022.

Opto Electronics’ core machine vision components are mainly applied in 3C (

With the recovery of revenue from its principal products, Opto Electronics’ operating revenue reached a historical high last year. Among them, besides the growth in machine vision accessory revenue, the motion control product business revenue was 135 million yuan. The reporter noted that this business segment mainly came from the acquisition of Dongguan Tailai during the reporting period. In early 2025, Opto Electronics proposed acquiring a 51% controlling stake in Dongguan Tailai for 78.54 million yuan, and later completed the equity transfer delivery in April of the same year.

After the acquisition, Opto Electronics proposed combining the company’s visual technology with Dongguan Tailai’s precision transmission technology, further broadening downstream customers’ application scenarios and promoting coordinated sales of “vision + motion.” In August last year, Opto Electronics also said that Dongguan Tailai’s robotic joint module products were in the process of sample delivery, and it would continue to increase investment in the future to enter markets related to humanoid robot hollow-shaft motors, frameless torque motors, and others.

Revenue hit a new high, but net profit did not keep pace. The reporter found that Opto Electronics achieved a net profit scale of over 300 million yuan in both 2021 and 2022, but last year it was less than 200 million yuan, which was not even 60% of the level during the peak period. According to the annual report, last year, Opto Electronics’ gross profit margin did not change much, but sales expenses, administrative expenses, and R&D expenses all increased by a larger margin. Among them, administrative expenses surged by 57.93% year on year. The company said this was mainly attributable to increased depreciation of factory premises during the reporting period, an increase in share-based payments, staff growth, and higher employee compensation.

In the annual report, Opto Electronics also mentioned that, according to the company’s established development strategy and equity incentive plan, the management formulated clear performance targets: taking 2025 operating revenue as the base, the company’s 2026 operating revenue growth rate will be no less than 25%. As of now, the company’s operations are going well, and management remains firmly confident in achieving the above annual targets.

Cover image source: Daily Economic News Media Database

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