Core Viewpoint - In the first half of 2025, the company achieved double growth in revenue and net profit, driven by innovations in consumer electronics empowered by AI, with significant growth in emerging business sectors such as embodied intelligence and smart retail, indicating new growth potential [1]. Revenue and Profit Growth - The company reported a revenue of 32.96 billion yuan, 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 items grew 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% [2]. Consumer Electronics Market Dynamics - The consumer electronics industry is recovering, supported by AI technology and "old-for-new" subsidies - The company maintained its leading position in the market for glass, ceramics, sapphire, and metal components, achieving a revenue of 27.185 billion yuan in the smartphone and computer segments, a year-on-year increase of 13.19% - With the traditional peak season approaching, the company is prepared for mass production of new AI smartphones and AR glasses, enhancing market share and profitability [3]. Product Development and Innovation - The company is actively engaging in research and development of innovative products in the consumer electronics sector, including successful collaboration with major North American clients on foldable screen products - The demand for new 3D glass is rapidly increasing, with expectations for a significant market expansion [4]. Emerging Business Segments - The "other smart terminal" segment, which includes embodied intelligence and smart retail, saw a revenue increase of over 128% year-on-year, reaching 364 million yuan - The company has made substantial progress in partnerships with leading embodied intelligence firms, achieving mass delivery of core components and complete assemblies [5]. Growth in Automotive and Wearable Technology - The company experienced double-digit growth in the smart automotive and cockpit, as well as smart headsets and wearables sectors - In the automotive sector, ultra-thin laminated car windows are being integrated into the production systems of leading domestic car manufacturers - Breakthroughs in core processes for optical waveguide lenses have enabled large-scale delivery of AI glasses to major domestic clients, with plans for further collaboration with global wearable technology leaders [6].

Group 1 - The latest stock price of Lens Technology is 28.34 yuan, an increase of 1.33 yuan from the previous trading day's closing price [1] - The opening price was 27.18 yuan, with a highest price of 29.99 yuan and a lowest price of 27.02 yuan, resulting in a trading volume of 1,660,583 hands and a transaction amount of 4.683 billion yuan [1] - Lens Technology is a one-stop precision manufacturing solution provider for the entire industry chain of smart terminals, covering areas such as smartphones, computers, smart cars, and wearable devices [1] Group 2 - Since the third quarter, over 30 companies in the Apple supply chain, including Lens Technology, have been intensively researched by institutions [1] - The iPhone 17 has entered large-scale production, and related companies in the supply chain are expected to benefit [1] - Lens Technology has established a leading market position in UTG and related structural components, with smooth progress in new product development and validation, preparing for large-scale production of foldable screen new devices [1]