Company Overview - Lijing Technology is a leading global provider of 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 [4][5] - The company is the main supplier for top global high-end smartphone brands and the only precision optical solution provider capable of serving both major smartphone system ecosystems in the camera module sector [4] Market Position - According to Frost & Sullivan, Lijing Technology ranks second globally in the consumer electronics camera module market by revenue in 2024, and first among Chinese manufacturers [5] - The company also holds the second position globally in the high-end smartphone camera module market and is the leading provider in the laptop and tablet camera module sectors [5] Financial Performance - Revenue for Lijing Technology was approximately 12.75 billion RMB in 2022, 15.25 billion RMB in 2023, and is projected to reach 27.91 billion RMB in 2024 [6] - Profit figures for the same periods were 689 million RMB in 2022, 588 million RMB in 2023, and are expected to be 1.05 billion RMB in 2024 [7] - The gross profit margin for the company was 12.2% in 2022, 12.0% in 2023, and is projected to be 10.8% in 2024 [9] Industry Overview - The global market for precision optical solutions in consumer electronics grew from approximately 70.5 billion USD in 2020 to about 79.6 billion USD in 2021, but fell to around 72.7 billion USD in 2023 due to economic slowdown and weak demand [11] - The market is expected to recover, reaching approximately 79 billion USD in 2024, with a compound annual growth rate (CAGR) of 2.9% from 2020 to 2024 [11] - The AI-driven growth in the market is significant, with the global precision optical solutions market for AI consumer electronics projected to exceed 76.4 billion USD by 2029, growing at a CAGR of 32.4% from 2025 to 2029 [11] Camera Module Market - The global market for consumer electronics camera modules was approximately 38.9 billion USD in 2020, declining to 43.6 billion USD in 2022, but is expected to grow to 50.8 billion USD in 2024 [13] - Smartphones remain the largest application market for camera modules, expected to account for over 90% of the market share in 2024 [13] - The demand for high-pixel and multifunctional camera modules is increasing due to the rise of AI applications and remote work, with the laptop and tablet markets projected to grow at CAGRs of 10.9% and 8.1%, respectively [13]
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
Zhi Tong Cai Jing·2025-12-01 05:23