Lante Optics(SH:688127) Xin Lang Cai Jing·2025-09-30 08:30Core Viewpoint - The company has over 30 years of experience in the precision optics industry and is currently in a rapid growth phase, benefiting from the increasing demand for glass aspheric lenses, optical prisms, and glass wafers across various sectors including automotive, optical modules, smartphones, and handheld imaging devices [1][2][3]. Group 1: Business Segments - The company has established three main product lines: glass aspheric lenses, optical prisms, and glass wafers, leveraging core technologies in optical cold processing and thermal molding [2]. - The glass aspheric lens segment is experiencing strong growth due to its applications in automotive perception systems, smartphones, and optical communication, with significant demand expected from ADAS lenses and high-end flagship smartphones [3]. - The optical prism segment is positioned as a core supplier for key clients, benefiting from the trend of upgrading and downscaling periscope telephoto lenses, which have become standard in flagship models [4]. - The glass wafer segment is anticipated to enter a high growth phase driven by the increasing demand for consumer-grade AR products and advanced semiconductor packaging, with the company actively developing customized solutions [5]. Group 2: Financial Performance - In 2023, the company is projected to see a revenue increase of 37.1% and a net profit growth of 22.6% year-on-year, with further acceleration expected in the first half of 2024, where revenue is forecasted to grow by 52.5% and net profit by 110.3% [2]. - Revenue projections for 2025 to 2027 are estimated at 1.46 billion, 1.87 billion, and 2.33 billion yuan, representing year-on-year growth rates of 41%, 28%, and 25% respectively, with corresponding net profits of 340 million, 460 million, and 570 million yuan [6].