Lens(SZ:300433) Hua Xia Shi Bao·2025-08-27 08:42Core Viewpoint - Lens Technology has reported strong financial results for the first half of 2025, with revenue reaching 32.96 billion yuan, a year-on-year increase of 14.18%, and a net profit of 1.194 billion yuan, up 35.53% year-on-year. The company is transitioning into a global AI hardware innovation platform, capitalizing on the growth in consumer electronics and emerging sectors like smart automotive and wearable devices [2][3]. Financial Performance - The company's revenue from smartphones and computers, which is the core of its income, reached 27.185 billion yuan, growing 13.19% year-on-year, showcasing strong market competitiveness [3]. - The company plans to distribute a cash dividend of 1 yuan per 10 shares, totaling approximately 526 million yuan, as a way to reward shareholders [2]. Business Segments - The smart automotive and cockpit business generated revenue of 3.165 billion yuan, up 16.45% year-on-year, while the smart glasses and wearable devices segment saw revenue of 1.647 billion yuan, increasing 14.74% year-on-year. Other smart terminal businesses experienced significant growth, with revenue reaching 364 million yuan, a remarkable increase of 128.2% [5][6]. - The company has established partnerships with over 30 well-known automotive brands, expanding its business boundaries in the smart cockpit sector [6]. Technological Advancements - Lens Technology is a leading supplier of ultra-thin flexible glass (UTG) and has made significant progress in developing multi-layer folding structure designs to enhance screen quality for foldable devices [4]. - The company has achieved breakthroughs in the production of AR glasses, optimizing yield rates and automating assembly processes, which positions it favorably in the AR glasses manufacturing sector [7]. Market Trends - The global market for foldable smartphones is expected to grow, with shipments projected to reach 19.83 million units by 2025, reflecting a year-on-year increase of 6% [4]. - The AI glasses market in China is anticipated to see a dramatic increase, with shipments expected to exceed 2.75 million units in 2025, marking a year-on-year surge of 107% [7]. Strategic Outlook - The company’s diversification strategy is reducing reliance on single consumer electronics and specific clients, positioning it well in future industry sectors such as smart automotive, AR glasses, and embodied intelligence [8]. - With the upcoming launch of new Apple products, which are crucial for Lens Technology's revenue, the company is expected to benefit from increased demand and orders [5].