Core Viewpoint - Lens Technology is a leading provider of one-stop precision manufacturing solutions for the entire industry chain of smart terminal products, ranking first in the global market share for precision structural components and module solutions in consumer electronics and smart automotive interaction systems, with shares of 13.0% and 20.9% respectively [4]. Group 1: Business Overview - Lens Technology provides a wide range of structural and functional module products for consumer electronics, including cover glass, metal frames, touch modules, display modules, thermal modules, RF antennas, biometric recognition, and wireless charging [4]. - In the smart automotive sector, the company develops and produces diverse automotive electronics and structural components, offering innovative solutions such as in-car electronic glass and components for central control screens and dashboards [4]. - The company is also expanding into emerging smart terminal fields, including humanoid robots, AI glasses/XR headsets, and smart retail, collaborating with leading companies to provide core components and assembly services [4]. Group 2: Financial Performance - For the fiscal years 2022, 2023, and 2024, Lens Technology reported total revenues of approximately RMB 466.99 billion, RMB 544.91 billion, and RMB 698.97 billion respectively, indicating a growth trajectory [5]. - The annual profits for the same periods were approximately RMB 25.2 billion, RMB 30.42 billion, and RMB 36.77 billion, reflecting a consistent increase in profitability [5]. - The revenue breakdown shows that contracts with customers accounted for 99.8% of total revenue across the three years, while rental income remained a minor component at 0.2% [7].

Group 1 - The China Securities Regulatory Commission (CSRC) has issued supplementary material requirements for three companies, including Lens Technology, regarding their overseas listing applications [1] - Lens Technology, listed on the Shenzhen Stock Exchange since March 18, 2015, has a current stock price of 21.15 yuan per share, with a market capitalization of approximately 105.4 billion yuan as of May 7, 2025 [3] - The company submitted its prospectus for a Hong Kong Stock Exchange listing on March 31, 2025, aiming to raise funds to expand its product and service offerings, particularly in the smart automotive sector [3][7] Group 2 - Lens Technology was founded in December 2006 and is headquartered in Changsha, Hunan Province, with a registered capital of approximately 500 million yuan [3] - The company has established itself as a leading provider of precision manufacturing solutions across the entire smart terminal industry chain, focusing on consumer electronics and smart automotive applications [5][7] - In 2022, 2023, and 2024, Lens Technology reported revenues of approximately 466.99 billion yuan, 544.91 billion yuan, and 698.97 billion yuan, respectively, with net profits of about 25.20 billion yuan, 30.42 billion yuan, and 36.77 billion yuan [7] Group 3 - The company has a high customer concentration, with its top five customers accounting for approximately 83.3%, 83.1%, and 81.1% of total revenue in the respective years [7] - Lens Technology is often referred to as a "leading player in the Apple supply chain," indicating its significant reliance on major clients like Apple Inc. [8] - The company has highlighted risks associated with its dependence on key customers, noting that any changes in purchasing behavior or product specifications could adversely affect its business and financial performance [8]