Wuhan, October 28, 2025 – Hongshan Capital officially announced the completion of an exclusive RMB 50 million angel round investment in Hubei Sanhai Optics Co., Ltd. (hereinafter referred to as "Sanhai Optics"). The funds will be mainly used to advance the mass production and delivery of Sanhai Optics' high-transmittance automotive lidar lens modules, support the company's technological R&D and market expansion in precision optical components.
Founded in March 2025, Sanhai Optics is an emerging optical enterprise that has quickly gained capital market attention through its innovative breakthroughs in nano-scale optical processing technology. Co-founded by industrial leaders in the optical component sector and listed company Xiangyuan New Materials (Stock Code: 300980), the company specializes in R&D and manufacturing of high-end optical components with nano-level precision, which are widely applied in advanced fields such as intelligent driving, humanoid robots, and medical equipment.
"The technical accumulation of Sanhai Optics' team in optical coating and precision processing is impressive, especially its independently developed 'integrated injection molding + multi-material compatible vacuum coating process', which is expected to break the foreign technological monopoly in automotive lidar optical components," said Li Ming, Investment Director of Hongshan Capital, at the signing ceremony. "We believe Sanhai Optics will become another bright star in Wuhan's optoelectronic industry cluster."
Backed by this round of investment, Sanhai Optics will officially establish its headquarters in Hongshan District, Wuhan, and construct a nearly 3,000-square-meter production base at Wugang Yungu 606 Industrial Park. The base will build a complete full-industry-chain production capacity covering "precision processing - coating - lithography", equipped with 4 vacuum coating production lines and 3 laser lithography production lines, forming a one-stop solution from optical design to precision manufacturing.
"Our automotive lidar lens modules have completed small-batch trial production with a yield rate stable above 98%," introduced Wang Yashi, Founder and CEO of Sanhai Optics. "Through process optimization, our products are 30% more cost-effective than imported brands while achieving world-class performance indicators – transmittance of 99.5%, anti-glare rate exceeding 80%, and passing IP67 waterproof rating and extreme temperature tests from -40℃ to 85℃."
Currently, with the rapid development of China's intelligent driving industry, the market demand for lens modules – the core optical components of lidar – is surging. Data shows that the penetration rate of domestic intelligent driving is expected to exceed 35% by 2027, with the lidar market scale exceeding RMB 50 billion. However, core optical components have long relied on imports.
Sanhai Optics' technological breakthroughs and capacity expansion will provide cost-effective domestic alternatives for domestic lidar manufacturers. The company has established cooperative relationships with several major domestic lidar enterprises, and the first batch of 50,000 automotive lidar lens modules will be delivered to customers by the end of 2025, applying to L2+ level intelligent driving systems of multiple domestic new energy vehicle manufacturers.
R&D personnel account for 35% of Sanhai Optics' total workforce, with core members mostly from top industry institutions such as Sunny Optical and Huazhong University of Science and Technology. The company has accumulated 2 utility model patents, including "Precision Optical Component Coating". Key performance indicators of its automotive lidar lens modules are outstanding:
Wang Yashi revealed that the company will adopt a "automotive + consumer electronics" dual-driver strategy: on one hand, continuously enhance the production capacity and technical level of automotive lidar optical components, striving to make the automotive optical sector account for over 50% of total revenue by 2026; on the other hand, actively deploy in consumer electronics and medical optical markets such as AR/VR near-eye display modules and high-end microscope optical components.
"Hongshan Capital's investment not only provides us with financial support but also brings industrial resources and strategic guidance," said Wang Yashi. "We plan to launch Series A financing in 2026 to further expand production capacity, strengthen industry-university-research cooperation with universities and research institutes, and enhance the company's core competitiveness in the high-end optical field."
Notably, Sanhai Optics' financing is a microcosm of the recent investment boom in the optical sector. Data shows that in the third quarter of 2025, there have been 7 financing events in China's optical component field, with a total amount exceeding RMB 300 million, involving well-known investors such as Shenzhen Venture Capital and State Development Investment Venture Capital. Industry insiders believe that with the development of emerging technologies such as AI, autonomous driving, and AR/VR, optical components, as core components of the "perception layer", will see sustained explosive market demand.
"Sanhai Optics' successful financing marks a breakthrough in Wuhan's optoelectronic industry in high-end optical components and an important step in the domestic substitution process," said a relevant person in charge of Hongshan District Science and Technology Bureau of Wuhan. "We will continue to support the development of high-tech enterprises such as Sanhai Optics, helping Wuhan build an upgraded version of 'China Optics Valley'."
