OFILM(SZ:002456) Ju Chao Zi Xun·2026-02-15 07:06Core Viewpoint - O-Film Group Co., Ltd. announced a postponement and re-evaluation of certain fundraising investment projects, specifically adjusting the completion date of the "High-Pixel Optical Lens Construction Project" to February 26, 2029 [2] Group 1: Project Details - The "High-Pixel Optical Lens Construction Project" was part of O-Film's non-public stock issuance in 2020, with a planned total investment of 2.364 billion yuan and intended fundraising of 1.315 billion yuan [2] - The project has faced multiple delays, initially scheduled for completion in February 2023, then postponed to February 2024, and subsequently to February 2026 [2] - As of the announcement date, the project has not commenced investment due to various factors, including cyclical changes in the upstream and downstream industries and the company's cautious investment strategy [2] Group 2: Industry Context - The consumer electronics optical industry has entered a relatively mature stage, with long-term demand showing slow and stable growth [3] - According to IDC, global smartphone shipments are projected to reach approximately 1.26 billion units in 2025, reflecting a year-on-year increase of 1.9%, but the industry faces intensified competition and rapid technological iteration risks [3] - External factors such as changes in the international trade environment and fluctuations in the supply chain continue to impact industry development [3] Group 3: Company Strategy - O-Film's revenue significantly declined in 2021 and 2022 due to the international trade environment and a slowdown in downstream consumer demand [3] - The company has prioritized the "High-Precision Optical Lens Production Line Upgrade and Expansion Project," which has already seen an investment of 99.33 million yuan, focusing on high-end mobile phone lenses [3] - O-Film emphasizes a cautious and efficient approach to capital expenditures to ensure financial stability and operational safety [3][4]