Core Viewpoint - Hongjing Optoelectronics is set to be listed on the Shenzhen Stock Exchange's Growth Enterprise Market, showcasing its strong market competitiveness and growth potential in the optical lens and camera module sector [1] Financial Performance - The company has demonstrated impressive financial growth, with revenues of 252 million, 446 million, and 773 million yuan from 2021 to 2023, resulting in a compound annual growth rate (CAGR) of 75.24%. The gross profit margin increased from 26.40% in 2021 to 30.52% in 2023. Net profit surged from 15.26 million yuan in 2021 to 116 million yuan in 2023, achieving a CAGR of 176.24%. For 2024, the company anticipates revenues of 1.078 billion yuan, a year-on-year increase of 39.46%, and a net profit of 165 million yuan, up 41.88% [2] Multi-Track Strategy - The company's growth is attributed to its multi-track strategy, with products used in smart cars, smart homes, and panoramic/sports cameras. It has established solid partnerships with renowned brands like Daimler-Benz, Nissan, Honda, Xiaomi, and Anker. In the panoramic/sports camera sector, a strategic partnership with industry leader Yingshi Innovation has significantly supported its growth. The company holds a 3.70% market share in the global automotive optical lens market, ranking sixth in shipment volume, and a 9.95% share in the global home camera optical lens market. In the panoramic camera lens module market, its share exceeds 25% [3] R&D Innovation - Continuous investment in R&D has been a key driver of the company's rapid growth. R&D expenditures accounted for 6.29%, 6.47%, and 6.65% of revenues from 2022 to the first half of 2024. As of June 30, 2024, the company holds 270 domestic patents, including 116 invention patents and 154 utility model patents, along with 3 PCT patents. The company has developed differentiated core technologies in key product areas, including automotive lens automatic heating technology and ultra-thin lens design, which support its future growth [4] Future Outlook - The optical lens and camera module industry is poised for new growth opportunities driven by emerging markets such as artificial intelligence, robotics, and smart healthcare. With its strong foundation and technological innovation, Hongjing Optoelectronics is expected to maintain a leading position in future market competition. The funds raised from the IPO will be allocated to capacity expansion, R&D center construction, and working capital, enhancing production capabilities and R&D strength for sustainable high-quality development [5]