Company Overview - Lijing Innovation Technology Co., Ltd. (Lijing Technology) has submitted its application for listing on the Hong Kong Stock Exchange, with CITIC Securities and CICC as joint sponsors [1] - The company is a global leader in precision optical solutions, focusing on high-end optical modules and system integration for consumer electronics, automotive electronics, smart office applications, and emerging fields like smart robotics and XR smart terminals [1][2] - Lijing Technology is the only precision optical solution provider globally that serves two major smartphone system ecosystems, making it a key supplier for top-tier smartphone brands [1] Product Applications - Lijing Technology's products are widely used in various smart work and life scenarios, with projections indicating that by 2024, one in every six laptops will be equipped with the company's camera modules [2] - As of November 21, 2025, the company supplies products to over 320 global clients across multiple sectors, including consumer electronics and automotive electronics [2] Financial Performance - The company's revenue for the fiscal years 2022, 2023, and projected for 2024 are approximately RMB 12.753 billion, RMB 15.248 billion, and RMB 27.914 billion respectively [3] - Profit figures for the same periods are RMB 689 million, RMB 588 million, and RMB 1.052 billion respectively [4] - The gross profit margins for 2022, 2023, and projected for 2024 are 12.2%, 12.0%, and 10.8% respectively [5] Industry Overview - The global market for precision optical solutions in consumer electronics grew from approximately USD 70.5 billion in 2020 to USD 79.6 billion in 2021, but fell to about USD 72.7 billion in 2023 due to economic slowdown and weak demand [6] - The market is expected to recover, reaching approximately USD 79 billion in 2024, with a compound annual growth rate (CAGR) of 2.9% from 2020 to 2024 [6] - By 2029, the market is projected to reach USD 114.2 billion, driven by advancements in AI imaging algorithms and multi-camera integration [6] Camera Module Market - The global market for consumer electronics camera modules was approximately USD 38.9 billion in 2020, declining to USD 43.6 billion in 2022, but is expected to grow to USD 50.8 billion in 2024 [7] - The CAGR for the camera module market from 2020 to 2024 is projected at 6.9%, with smartphones remaining the largest application market, accounting for over 90% in 2024 [7] - The demand for high-pixel and multifunctional camera modules is expected to increase due to the proliferation of AI applications and remote work needs, with projected CAGRs of 10.9% and 8.1% for tablets and laptops respectively [7]
新股消息 立景科技递表港交所 为全球领先的精密光学解决方案提供商
Jin Rong Jie·2025-12-01 05:05