Dao Ming Optics Wins RMB 15.3068 Million Guangdong NEV License Plate Raw Materials Contract

A recent announcement, titled "Guangdong Provincial Special Documents Production Center 2026-42 New Energy Vehicle License Plate Raw Materials Procurement Project Results Announcement," shows that Dao Ming Optics Co., Ltd. (002632.SZ) was announced on September 18, 2026 as the winning bidder for the procurement project, with a contract value of RMB 15.3068 million.

Winning the Guangdong new energy vehicle license plate raw materials project further consolidates the company's existing share in the vehicle safety sector.

Alongside strengthening its traditional core business, Dao Ming Optics has been making frequent moves in AR optics, new materials capacity and operations. On the strategic investment front, in March 2026 the company invested RMB 30 million of its own funds as a strategic capital increase in Hefei Shoujing Technology, taking an 11% stake and formally entering the AR smart glasses complete-device and optical module market. Shoujing Technology focuses on AR smart terminal technology R&D, with products already deployed in security, industrial, education and other scenarios. The capital increase will be earmarked for construction of an "annual production line for 25,000 sets of AR glasses optical modules."

In terms of capacity and technology, in the first quarter of 2026 the company's subsidiary Longyou Dao Ming Optics launched an RMB 101 million "Equipment Renewal and Intelligent Upgrading Project for an Annual Production Line of 34 Million m² of Reflective Materials," while Dao Ming New Materials launched an RMB 105 million "Project for an Annual Production Line of 12,000 Tons of High-End Double-Plastic Double-Silicone Release Paper," aimed at further consolidating cost advantages and industry leadership through intelligent upgrading.

In the first half of 2026, the company reported revenue of RMB 637 million, down 13.20% year on year; net profit attributable to shareholders of the parent company of RMB 88 million, down 22.97% year on year; and a return on equity of 3.97%. By main business composition, reflective materials accounted for 68.07%, optical display materials 16.21%, new materials 12.62% and other products 3.11%.