Lens(SZ:300433) Xin Lang Cai Jing·2025-10-31 14:13Core Viewpoint - Lens Technology is a leading global enterprise in the protective glass sector for consumer electronics, showcasing technological leadership and a full industry chain advantage [1] Group 1: Business Performance - In Q3 2025, Lens Technology reported revenue of 53.663 billion RMB, ranking 5th in the industry, surpassing the industry average of 15.493 billion RMB and median of 1.415 billion RMB [2] - The net profit for the same period was 2.792 billion RMB, ranking 4th in the industry, above the industry average of 635 million RMB and median of 54.758 million RMB [2] Group 2: Financial Ratios - As of Q3 2025, Lens Technology's debt-to-asset ratio was 35.47%, lower than the previous year's 41.34% and below the industry average of 44.84% [3] - The gross profit margin for the same period was 16.10%, a decrease from 17.00% year-on-year and below the industry average of 19.47% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 8.15% to 159,900, while the average number of circulating A-shares held per shareholder decreased by 7.52% to 31,100 [5] - Notable changes among the top ten circulating shareholders include an increase of 15.5922 million shares held by Hong Kong Central Clearing Limited and a decrease of 6.9574 million shares held by E Fund's ChiNext ETF [5] Group 4: Analyst Ratings and Business Highlights - Ping An International reiterated a "Buy" rating for Lens Technology, adjusting the A-share target price to 34.7 RMB, indicating a potential upside of 16.9% [6] - Key business highlights include benefiting from new product cycles with major clients, a well-established robotics sector, significant growth in automotive glass, and contributions from AI server layouts [6] - Zheshang Securities noted strong performance in Q3 2025, driven by increased iPhone 17 sales and growth in AI smart terminals and foldable screens, with a comprehensive patent portfolio [6]