Core Viewpoint - In the first half of 2025, the company reported significant growth in revenue and net profit, indicating strong performance across various business segments [2][3]. Financial Performance - The company achieved operating revenue of 32.96 billion yuan, a year-on-year increase of 14.18% [3]. - Net profit attributable to shareholders was 1.14 billion yuan, up 32.68% compared to the same period last year [3]. - The net profit excluding non-recurring gains and losses reached 940 million yuan, reflecting a growth of 41.85% [3]. - Basic earnings per share were 0.23 yuan, an increase of 35.29% year-on-year [3]. - Net cash flow from operating activities was 4.33 billion yuan, up 28.43% [3]. - Total assets at the end of the reporting period were 77.25 billion yuan, a decrease of 4.64% from the end of the previous year [3]. Business Segments - Revenue from smartphone and computer-related businesses was 27.19 billion yuan, growing by 13.19% [2]. - The company maintained its leading position in the market for glass, ceramics, sapphire, and metal components, successfully preparing for the mass production of several flagship smartphones [2]. - Revenue from the smart automotive and cockpit segment reached 3.17 billion yuan, increasing by 16.45% [4]. - The company leveraged its vertical integration and global capacity layout to enhance its smart cockpit product matrix [4]. - Revenue from smart wearables and headsets was 1.65 billion yuan, reflecting a growth of 14.74% [5]. - The company achieved breakthroughs in core processes for optical lenses and assembly for smart wearables, leading to large-scale deliveries [5]. - Other smart terminal businesses generated revenue of 364 million yuan, a significant increase of 128.2% [5].

Core Viewpoint - In the first half of 2025, Lens Technology (300433) achieved revenue and net profit growth, driven by innovation in consumer electronics and emerging business segments such as embodied intelligence and smart retail, which saw a rapid growth of 128% year-on-year, indicating new growth opportunities [1][2] Financial Performance - The company reported a revenue of 32.96 billion yuan, representing a year-on-year increase of 14.18% - The net profit attributable to shareholders was 1.143 billion yuan, up 32.68% year-on-year - The net profit after deducting non-recurring gains and losses increased by 41.85% year-on-year - A cash dividend of 1.00 yuan per 10 shares (including tax) is proposed, totaling 526 million yuan, with a payout ratio of 46% [1] Market Position and Product Development - Lens Technology maintained its leading position in the market for exterior and structural components, achieving a revenue of 27.185 billion yuan in the smartphone and computer segments, a year-on-year increase of 13.19% - The company is well-prepared for the upcoming peak production season in the consumer electronics industry, having completed the R&D and production preparation for several flagship smartphones [1] Emerging Business Segments - The other intelligent terminal segment, including embodied intelligence and smart retail, achieved a revenue growth of over 128% to 364 million yuan in the first half of the year - The company is making substantial progress in collaboration with leading domestic and international embodied intelligence firms, delivering core components and complete assembly for products like joint modules and exoskeleton devices [2] Innovations in New Technologies - In collaboration with a major North American client, the development and validation of foldable screen products are progressing smoothly, with capacity planning and investment in place for large-scale production - The new 3D glass market is expected to see rapid growth, with a favorable supply-demand dynamic anticipated [2] Growth in Automotive and Wearable Technology - The automotive business is entering mass production with ultra-thin laminated car windows for new models from leading domestic car manufacturers - The smart head-mounted display and wearable technology sectors achieved double-digit growth, with breakthroughs in core processes such as waveguide lens yield optimization [2]