Lens Technology Co.Ltd(300433) 4 disclosed the annual report of 2021 on April 22. During the reporting period, the company achieved an operating revenue of 45.268 billion yuan, a year-on-year increase of 22.55%, reaching a new record; The net profit attributable to the shareholders of the listed company was 2.07 billion yuan; The company plans to distribute a cash dividend of 1 yuan (including tax) to all shareholders for every 10 shares.
Lens Technology Co.Ltd(300433) said that during the reporting period, factors such as the rise of human costs, the increase of R & D projects, the operation of new parks and the fluctuation of supply chain brought certain pressure and challenges to the company’s production and operation.
The annual report shows that during the reporting period, Lens Technology Co.Ltd(300433) R & D expenditure hit a record high, reaching 2.134 billion yuan, an increase of 47.97% over the same period last year. Among them, the company’s R & D investment in new smart wearable products such as watches and VR / AR has also increased.
Insiders pointed out that Lens Technology Co.Ltd(300433) laid out the intelligent wearable field in advance, opening up new development space for the company.
Lens Technology Co.Ltd(300433) relevant person in charge pointed out that the company continues to participate in customer smart watches and AR / VR projects, and the sales volume of customer smart wearable products is expected to increase significantly in 2022. To this end, the company plans to expand production capacity in advance, and strive to achieve a higher growth in smart wear business in 2022 than in 2021.
On April 22, Lens Technology Co.Ltd(300433) also disclosed the first quarterly report. The company achieved a revenue of 9.334 billion yuan in the first quarter, a year-on-year decrease of 22.15%; The net profit loss was 411 million yuan.
Lens Technology Co.Ltd(300433) said that in the first quarter, affected by macroeconomic fluctuations, epidemic and other comprehensive factors, the demand of some customers in the terminal market decreased, and the company’s operating revenue decreased year-on-year. In addition, Dongguan Lansi, a subsidiary of the company, stopped production for about three weeks due to epidemic prevention and control, and has fully resumed production on April 2.
However, Lens Technology Co.Ltd(300433) is optimistic about the future business development. The relevant person in charge of the company said that in the medium and long term, the short-term adjustment is conducive to the improvement of the entry threshold and competition order of the industry, and is conducive to the further development of the medium and high-end market of large enterprises with strong anti risk ability, rich R & D investment and reserves, timely investment follow-up and standardized operation and management. In addition, the company has made full preparations in advance in terms of technology R & D and reserve, industrial layout and investment, high-quality customer reserve and so on.
In early April, Lens Technology Co.Ltd(300433) once announced that the company planned to increase the total investment of “Changsha (II) park intelligent wearable and touch function panel construction project” from the original 1.515 billion yuan to 5.406 billion yuan. The announcement shows that the project is expected to be completed and reach production capacity by the end of 2024.
Guosheng Securities pointed out that at present, the flywheel of consumer VR / AR industry has begun to rotate, and the upgrading of all links of the industrial chain drives the improvement of user penetration. In the future, the birth of phenomenal terminal equipment and content applications will also bring strong catalysis to the sector.
