Before going to work, the capital market was already busy.
On February 6, about 170 institutions and 214 investors poured into the teleconference of Lens Technology Co.Ltd(300433) , the leading consumer electronics company.
Just two years ago, Lens Technology Co.Ltd(300433) handed over a "report card" that predicted a year-on-year decline of more than 50% in net profit in 2021.
looking ahead to 2022, Lens Technology Co.Ltd(300433) is optimistic about opportunities in the field of new energy vehicles and smart wear. In the conference call, Lens Technology Co.Ltd(300433) said that Liuyang park is expected to add two factories to produce mobile phone back covers according to customer demand this year. The new energy vehicle business is expected to achieve high growth, and the smart wear business is expected to achieve rapid growth.
170 institutions attended
According to the survey summary, Lens Technology Co.Ltd(300433) This conference call has a strong lineup.
On the investor side, 170 institutions participated in the research, and all mainstream institutions in China were present, including head fund companies such as China Southern Fund, Huaxia Fund and Xingquan fund, as well as well-known investment institutions such as freshwater spring investment, zhengxingu capital and BlackRock.
On this side of Lens Technology Co.Ltd(300433) , Lens Technology Co.Ltd(300433) chairman and general manager Zhou Qunfei, vice chairman Zheng Junlong, deputy general manager and chief financial officer Liu Shuguang and other seven senior executives attended.
This has something to do with the 2021 performance forecast previously released by Lens Technology Co.Ltd(300433) .
On January 28, Lens Technology Co.Ltd(300433) released the performance forecast for 2021, saying that during the reporting period, the company's operating revenue achieved stable growth over the same period of the previous year, and the net profit attributable to shareholders of listed companies is expected to be 2.01 billion yuan to 2.4 billion yuan, a decrease of 59% to 51% over the same period of the previous year.
In the conference call on February 6, Lens Technology Co.Ltd(300433) the relevant person in charge said that the company's revenue for the whole year of 2021 increased steadily, but the net profit before and after deducting non recurring profits and losses decreased significantly year-on-year. Due to the comprehensive impact of the epidemic outside China, lack of core in the supply chain, occasional power consumption restriction, rising labor costs, increased R & D expenses and other factors, although the company's performance has fluctuated in the short term, the company's financial situation and fundamentals are still good, the capital reserve is relatively sufficient, the debt ratio is at a low level in the industry, and the long-term and short-term debt structure is relatively reasonable, Healthy cash flow.
Lens Technology Co.Ltd(300433) also said that the company has made an objective and serious analysis of the external adverse factors and the insufficient parts in 2021, and has taken a series of improvement measures to strive for a better performance in 2022.
In the performance forecast, Lens Technology Co.Ltd(300433) lists seven reasons for performance fluctuations.
Lens Technology Co.Ltd(300433) believes that power rationing has had some impact on the production and operation of some parks, and accordingly has had an impact on the established production and delivery rhythm, resulting in staff turnover, yield fluctuation and cost rise. Taken together, it is one of the factors affecting the company's profits.
Lens Technology Co.Ltd(300433) said it would take measures to avoid these effects this year, and would make pre communication with the government and power supply companies to try its best to avoid power outages.
Lens Technology Co.Ltd(300433) also said that the continuation of covid-19 epidemic has led to a further increase in operating costs. On the one hand, the epidemic and the global double carbon policy have led to a shortage of raw materials for industrial products and a sharp rise in prices, which has increased the company's procurement costs and had a negative impact on profits. On the other hand, the covid-19 epidemic has led to the gradual intensification of the contradiction between supply and demand of chips and semiconductors, which makes the shipment of some customers of the company less than expected.
Lens Technology Co.Ltd(300433) said that affected by the epidemic, overseas businesses typical of Vietnam Park continued to be affected in the second half of the year, and factors such as logistics obstruction and supply chain epidemic prevention and control affected the production and delivery of orders.
In addition, the substantial increase in R & D expenses also has a certain impact on operating performance. Lens Technology Co.Ltd(300433) said in the performance forecast that downstream customers have strong demand for R & D in new fields, new technologies and new products. The company's R & D projects and R & D expenses related to smart wearable products such as watches, VR and AR, new automotive products such as central control screen, B-pillar and new automotive glass, smart phone middle frame and other metal alloy products have increased significantly, It has a certain impact on the short-term operating performance.
how to see the future?
After suffering from "labor pains", how to look forward to 2022?
Lens Technology Co.Ltd(300433) said that looking ahead to 2022, based on the easing of the epidemic and the expectation of improving the bottleneck of the supply chain during the year, seize the favorable opportunity of the recovery of demand in the end market, deeply tap the new opportunities of the three major tracks of consumer electronics, new energy vehicles and photovoltaic new energy, increase new strategic cooperative customers, expand market share, and promote the development of various new products Turn to mass production of new technologies, optimize the company's product structure and park integration, and strive to significantly increase the business volume of complete machine assembly of intelligent terminals.
Lens Technology Co.Ltd(300433) is particularly optimistic about the new energy vehicle business and intelligent wearable business.
Previously, Lens Technology Co.Ltd(300433) increased the investment in new energy vehicle business in Shanghai Lingang Holdings Co.Ltd(600848) . Lens Technology Co.Ltd(300433) in December 2021, through interactive and easy to answer questions, the company said that in order to quickly respond to and serve the needs of downstream customers and speed up the application of new technologies and products, the company cooperated with Shanghai Lingang Holdings Co.Ltd(600848) new area and planned to lay out business such as automobile appearance glass, intelligent cockpit, vehicle interior trim, charging pile intelligent terminal and consumer electronics assembly here.
In the latest survey, Lens Technology Co.Ltd(300433) said that the company is confident in the growth of new energy vehicle business and strives to achieve higher growth in 2022. At present, the main products include central control assembly, B-pillar, instrument panel, charging pile, etc. at the same time, other parts will be developed.
The vehicle mounted investment project in Huanghua park will be completed this year, and the commissioning of large glass equipment will be carried out intensively during the Spring Festival. The automobile project of Shanghai Lingang Holdings Co.Ltd(600848) will also be actively promoted, and the layout is being planned internally. At the same time, the company will also plan the global layout.
With regard to the smart wear business, Lens Technology Co.Ltd(300433) said that the company continued to participate in smart watches and AR / VR projects of various customers, and the sales volume of customers' smart wear products is expected to increase significantly in 2022. The company's main products are ceramics, sapphire, glass structural parts and optical parts, metal, plastic and other material structural parts. In terms of AR business, glass lenses are very difficult and challenging, and have higher value. The demand for smart watches will increase. The company needs to expand production capacity in advance and strive to achieve higher growth in smart wear business in 2022 than in 2021.
