Lens(SZ:300433) Ge Long Hui A P P·2025-08-12 05:22Core Viewpoint - The report from Guosheng Securities highlights Lens Technology's expansion from being a cover glass supplier for consumer electronics to a comprehensive solution provider in smart terminals, with a focus on vertical integration and new business opportunities in smart automotive, humanoid robots, and AI glasses [1] Group 1: Business Expansion - Lens Technology has broadened its product offerings to include smart automotive, humanoid robots, and AI glasses, in addition to its original glass products for consumer electronics [1] - The company is vertically integrating its operations by expanding into functional modules and complete assembly, leveraging its strengths in glass, metal, and modules [1] Group 2: Financial Performance - The company's revenue has shown steady growth, increasing from 27.72 billion yuan in 2018 to an expected 69.90 billion yuan in 2024, with a compound annual growth rate (CAGR) of 16.7% [1] Group 3: Future Opportunities - Lens Technology is positioning itself to be among the first in the industry to mass-produce and assemble key components for humanoid robots and AI glasses/XR headsets [1] - The company is expected to benefit significantly from the development of AI technology, with all business lines projected to experience comprehensive growth [1]