Group 1: Financial Performance - In 2019, sales revenue reached 6.08 billion, with a net profit of 267 million, marking a 92% growth in optics and a 38% growth in touch display [5] - The company aims to achieve a sales target of 7.5 billion for 2020, with expectations of steady profit growth based on a projected increase in optical sales [13] Group 2: Research and Development - Over the past three years, the company has invested more than 600 million in R&D, which has led to recognition from core customers and accelerated project implementation [6] - The company plans to expand production capacity, increasing module capacity to 10kk and lens capacity to 18kk by June 2020 [6] Group 3: Market Trends and Opportunities - The ODM market share in the mobile industry has significantly increased, presenting a business opportunity for the company [8] - The company has established strategic partnerships with major clients in the automotive sector, securing orders that are expected to drive high growth in the coming years [7] Group 4: Product Development and Technology - The company is focusing on high-pixel lenses and glass-plastic hybrid lenses, which are anticipated to replace traditional plastic lenses, with a production capacity ranking second globally [8] - The company has received significant orders for 3D structured light face recognition lenses and is actively developing new technologies such as high-magnification and ToF technology [15] Group 5: Customer Base and Market Position - The top five customers account for a significant portion of the company's revenue, particularly in the touch display segment, which generates over 3 billion [14] - The company has a diverse customer base in the optical sector, avoiding over-concentration and ensuring a stable revenue stream [14]

Group 1: Company Overview - Lianchuang Electronics was established in 2006 and began production in 2009, becoming a global leader in high-end lenses for action cameras [3] - The company entered the consumer electronics sector after its IPO in 2016, focusing on high-pixel and multi-camera developments [3] - Lianchuang has advanced capabilities in the research and production of high-end lenses, including 5P, 6P, and 7P lenses, as well as glass-plastic hybrid lenses [3][4] Group 2: Technical Advantages - The company ranks second globally in molded glass production capacity and holds the largest market share in high-end action camera lenses [4] - Lianchuang's glass-plastic lens technology has gained recognition from high-end manufacturers, with stable performance in high pixel and lightweight applications since 2018 [4][5] - The company has developed a complete production capability for camera modules, leading in non-mobile camera modules and producing the world's largest panoramic camera lenses [5] Group 3: Financial Performance - In 2019, the company projected profits between CNY 250 million and CNY 300 million, with optical revenue increasing by approximately 92% and touch revenue by about 38% [6] - The company's gross margin has remained stable at 15-20%, with optical products historically maintaining a gross margin around 40% before 2019 [8][9] Group 4: Market Trends and Challenges - The company is experiencing strong demand for high-definition wide-angle lenses and high-end mobile camera modules, despite a production recovery rate of 80-90% due to the pandemic [7] - The automotive sector is expected to see significant growth, with Lianchuang's lenses being recognized by major players like Mobileye and NVIDIA [6][10] - The company faces pricing pressures in the mobile lens market, but its focus on high-end products helps maintain stable margins [9][11] Group 5: Future Outlook - Lianchuang plans to expand production capacity significantly, aiming to increase optical lens output to 20 million units per month by Q3 2020 [12] - The company is focusing on the development of ADAS lenses, which are expected to grow rapidly due to their high technical requirements [8][10] - The transition to glass-plastic lenses is seen as a potential opportunity, especially for high pixel applications exceeding 48 million pixels [13][14]

证券代码：002036 证券简称：联创电子 联创电子科技股份有限公司 投资者关系活动记录表 编号：2017-001 | --- | --- | --- | |----------------|-------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------| | | | | | 投资者关系活动 | √ | 特定对象调研 □分析师会议 | | 类别 | □ 媒体采访 □业绩说明会 | | | | □新闻发布会 □路演活动 | | | | □ 现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | 参与单位名称及 | 中欧基金 邵洁、 | 望正资产 旷斌、 久联资产 许宏圣、 华商基金 | | 人员姓名 | 郭磊 刘力、 银华基金 金 王瑶、 汇添富基金 安基金 潘东煦、 | 范国华、 东方证券 ...

编号：2019-004 证券代码：002036 证券简称：联创电子 债券代码：112684 债券简称：18 联创债 联创电子科技股份有限公司 投资者关系活动记录表 | --- | --- | --- | |----------------|-----------------------------------|----------------| | | | | | 投资者关系活动 | R 特定对象调研 □分析师会议 | | | 类别 | □ 媒体采访 □业绩说明会 | | | | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | | | | □ 其他 （请文字说明其他活动内容） | | | 参与单位名称及 | 1 、国盛证券 | 郑震湘、陈永亮 | | 人员姓名 | 2、东亚前海证券 | 杨柳青 | | | 3 、博时基金 | 李昂 | | | 4 、平安资产 | 刘宁 | | | 5、上海韫然投资 | 王琪 | | | 6 、上海枫池资产 | 吕一闻 | | | 7 、君弘投资 | 焦治 | | | 8 、云鹤基金 | 邱小溪 | | --- | --- | --- | |----------- ...

编号：2020-004 投资者关系活动 □特定对象调研 □分析师会议 类别 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现场参观 R 其他（电话会议） 证券代码：002036 证券简称：联创电子 债券代码：112684 债券简称：18 联创债 债券代码：128101 债券简称：联创转债 联创电子科技股份有限公司 投资者关系活动记录表 | --- | --- | --- | --- | |----------------|-------|-------------------------------|--------------------------------| | | | | | | | 序号 | 姓名 | 公司名称 | | 参与单位名称、 | 1 | 王芳、陈海进、胡独 巍、陈海进 | 民生证券 | | 国家和地区 | 2 | 孙恺 | 上海侏罗纪资产 | | | 3 | 刘玥 | 上海铭深资产管理有限公司 | | | 4 | 吴琳娜 | 东吴人寿保险 | | | 5 | 杨红 | 东海基金 | | | 6 | 刘一隆 | 银华基金 | | | 7 | 吴若宗 | 淳厚基金 | | | 8 | ...

Financial Performance - In 2019, the sales revenue reached 6 billion, with a profit of 267 million, marking a 92.44% growth in optical business revenue and a 38.44% increase in touch display revenue [5] - R&D expenses rose to 288 million, totaling over 600 million in the last three years, with multiple R&D achievements accelerating [5] - In Q1 2020, the net profit decreased by 40% due to delayed government subsidies and a 18.93% drop in net profit after deducting non-recurring items, primarily caused by nearly a month of production stoppage [5] Product Development - Several products made significant progress, with new core technology being introduced to multiple new clients [5] - Strategic investment in the Korean chip company Meifasi, becoming the largest shareholder, which provides touch chips to Samsung [6] Production Capacity - Current lens capacity is 11k, with plans to expand to 18k by July-August 2020; module capacity is set to increase from 6k to 10k in June [6] - The company is fully utilizing its production capacity for mobile lenses and modules, with expectations for new clients and core business integration in the second half of the year [6] Market Outlook - The optical sales revenue target for the year remains unchanged, with anticipated growth in the automotive and monitoring sectors [7] - The company expects significant growth in mobile lens and imaging module sales due to substantial capacity expansion [9] Financial Strategy - The company is focusing on optimizing its asset-liability structure through equity financing and convertible bonds, with an emphasis on expansion and financial cost management [12]

债券代码：128101 债券简称：联创转债 证券代码：002036 证券简称：联创电子 债券代码：112684 债券简称：18 联创债 编号：2020-009 联创电子科技股份有限公司 投资者关系活动记录表 | --- | --- | --- | --- | --- | |-----------------------|------------------------------|-------------------------------------------------------------------------------------------|--------|-------| | 投资者关系活动 \n类别 | □ \n□ \n□ \nR 现场参观 \n□ | 特定对象调研 □分析师会议 \n媒体采访 □业绩说明会 \n新闻发布会 □路演活动 \n其他（电话会议） | | | | | 序号 | 公司名称 | 姓名 | | | 参与单位名称、 | 1 | 东方证券 | 唐权喜 | | | 国家和地区 | 2 | 十溢投资 | 刘利杰 | | | | 3 | 西部利得基金 | 梁晓明 | | | ...

证券代码：002036 证券简称：联创电子 债券代码：112684 债券简称：18 联创债 联创电子科技股份有限公司 投资者关系活动记录表 编号：2019-003 | --- | --- | --- | |----------------|-----------------------------------|------------------------------------------| | | | | | 投资者关系活动 | R 特定对象调研 □分析师会议 | | | 类别 | □ 媒体采访 □业绩说明会 | | | | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | | | | □ 其他 （请文字说明其他活动内容） | | | 参与单位名称及 | 1 、易方达基金 | 蔡荣成、倪春尧 | | 人员姓名 | 2 、浙商基金 | 王斌、陈鹏辉 | | | 3、中庚基金 | 陈涛 | | | 4 、东北证券 | 张世杰、杨一飞 | | | （以上排名不分先后） | | | 时间 | 2019 年 11 月 27 日 | 10： 00-12：00 | | 地点 | 联创电子光学 10 | 号 ...

证券代码：002036 证券简称：联创电子 债券代码：112684 债券简称：18 联创债 编号：2019-002 联创电子科技股份有限公司 投资者关系活动记录表 | --- | --- | --- | |----------------|-----------------------------------|----------------| | | | | | 投资者关系活动 | √ 特定对象调研 □分析师会议 | | | 类别 | □ 媒体采访 □业绩说明会 | | | | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | | | | □ 其他 （请文字说明其他活动内容） | | | 参与单位名称及 | 1 、国盛证券 | 郑震湘、陈永亮 | | 人员姓名 | 2、北信瑞丰基金 | 龙耀华 | | | 3 、德邦证券 | 雷涛 | | | 4 、东北证券 | 张世杰 | | | 5 、方正证券 | 陈海进 | | | 6 、国华人寿 张伟 | | | | 7、国泰基金 | 于腾达 | | | 8、国泰君安 | 陈飞达 | | --- | --- | --- | |-------|------ ...

Financial Performance - Q3 revenue reached 3.15 billion, a 97% YoY increase [3] - Q3 net profit was 123 million, a 20% YoY increase [3] - Q3 optical revenue was 600 million, with a 300% YoY increase in automotive lens revenue [4] - Q3 gross margin for automotive lenses maintained at 60%-70%, while high-definition lenses and modules were at 40%-50% [4] - Q3 mobile optical gross margin reached 28% [4] - Full-year revenue target for optics is over 3 billion, with a 50% compound growth rate expected [7] Optical Business Highlights - Automotive lenses: Mobileye EQ4/EQ5 and NVIDIA series are ramping up, with a 24 million smart car lens project in progress [4] - Mobile lenses: Capacity reached 18KK in September, with full production in September and October [4] - High-definition wide-angle lenses and imaging modules: Maintained industry leadership, with sales doubling YoY [4] - Drone lenses: Mass production for DJI began in Q4, expected to contribute significantly next year [4] - VR/AR: Focused on key optical components, with a joint research center established with Tsinghua University [6][7] Strategic Focus and Market Position - Optics industry strategy revolves around mobile smart terminals, automotive, VR/AR, and smart home sectors [5] - Company holds a 60%-70% global market share in panoramic imaging modules [5] - Partnerships with Mobileye, NVIDIA, and Tesla ensure a leading position in automotive ADAS optics [5] - Mobile lenses have entered Huawei and Samsung systems, with significant technological advantages [5] - Future automotive lens sales are projected to reach 300 million in 2021, 600 million in 2022, and 900 million in 2023 [5] Capacity Expansion and Future Plans - Mobile lens capacity to reach 25KK by December 2020, with a target of 36KK by mid-2021 and 45KK by year-end [6] - Automotive lens production lines are also expanding [6] - Focus on high-end products like 6P and 7P lenses to improve profitability [7] - Optics expected to become the company's main business, with significant growth in automotive, mobile, and high-definition wide-angle lenses [7] Investor Q&A Highlights - Company's technical advantages include comprehensive optical component, lens, and imaging module capabilities [5] - Mobile lens product structure: COB and CSP imaging modules account for 16KK, with 5P/6P lenses making up 30%-40% [5] - VR/AR industry potential: Company has been involved since 2013-2014, with key optical component expertise [6][7] - Security lens market: Limited investment due to low profitability, but high-end products developed with Huawei [7]