国盛证券：维持蓝思科技“买入”评级，产业链垂直整合持续深化

Core Viewpoint - The report from Guosheng Securities highlights that Lens Technology has significantly improved its revenue and profitability in the first half of the year, driven by steady growth in the consumer electronics and smart automotive sectors [1] Financial Performance - In Q2 2025, the company achieved a net profit attributable to shareholders of 710 million yuan, representing a year-on-year increase of 29.3% and a quarter-on-quarter increase of 66.4% [1] Business Growth - The company's main businesses, particularly in consumer electronics and smart automotive sectors, have experienced high-quality development, leading to enhanced profitability [1] - As a one-stop precision manufacturing solution provider for the entire industrial chain of smart terminals, the company possesses a robust industrial capability system supported by core technologies in structural components and functional modules [1] Future Outlook - The company is expected to benefit significantly from the development of AI technology, with all business lines projected to experience comprehensive growth in the future [1]