Lens(SZ:300433) Chang Sha Wan Bao·2025-10-29 08:07Core Insights - The company reported a strong financial performance for the third quarter, with total revenue reaching 53.663 billion yuan, a year-on-year increase of 16.08%, and a net profit attributable to shareholders of 2.843 billion yuan, up 19.91% [1] - The company is a key player in the AI hardware sector, actively involved in the development and design of next-generation AI hardware products, particularly smart glasses, which are expected to see significant growth in the coming years [1] - The company has established a strong vertical integration capability in the industrial robotics sector, with significant breakthroughs in key components and a projected annual shipment of 3,000 humanoid robots and over 10,000 quadruped robotic dogs [2] Financial Performance - For the first three quarters, the company achieved a total revenue of 53.663 billion yuan, reflecting a 16.08% year-on-year growth [1] - The net profit attributable to shareholders was 2.843 billion yuan, marking a 19.91% increase compared to the previous year [1] - The third quarter alone saw revenue of 20.702 billion yuan, a historical high for the same period, with a year-on-year growth of 19.25% [1] AI Hardware Business - The company is a leading partner in AI hardware development, providing essential components and solutions for smart glasses, which are projected to see a total shipment of 12.26 million units globally by 2025 [1] - The company has long-term partnerships with major North American clients, supplying precision structural components and optical modules for popular AI glasses [1] Robotics Sector - Since entering the smart robotics field in 2016, the company has developed various industrial robots and achieved significant integration capabilities from core components to complete assembly [2] - The company plans to officially launch its new headquarters for smart robotics on November 18, which will support the establishment of an innovation center in Hunan province [2] - The company aims to enhance the integration of robots in industrial manufacturing, commercial services, and home scenarios, leveraging large-scale real machine data for technology iteration [2] Consumer Electronics Market - The global consumer electronics market is recovering, with smartphone shipments reaching 322.7 million units in the third quarter, a 2.6% year-on-year increase, driven by high-end and AI smartphones [3] - The company benefits from its position as a core supplier of exterior and structural components for North American clients, capitalizing on market share growth and innovative technologies [3] - In the foldable screen segment, the company is preparing for increased production capacity, with global shipments expected to reach 19.8 million units by 2025 [3]