Group 1 - The company, Lens Technology, has established a leading market position in UTG and related structural components, with successful progress in new product development and verification, preparing for large-scale production of foldable screens based on customer demand [2] - Lens Technology has innovatively introduced a multi-layer structure design for foldable screens, effectively eliminating creases and enhancing screen flatness by stacking PET film, UTG, flexible display modules, glass support plates, and metal brackets [2] - The new 3D glass back cover features an innovative design with a flat edge and a protruding camera module area, optimizing internal layout and enhancing imaging effects, expected to become a mainstream solution for high-end flagship models [2] Group 2 - In the automotive sector, Lens Technology leverages decades of experience in electronic glass processing, offering significant advantages in lightweight, sound insulation, heat insulation, UV protection, waterproofing, and other functionalities [3] - The ultra-thin laminated glass developed by Lens Technology has been successfully integrated into new models of leading electric vehicle manufacturers, with mass production set to begin in the second half of the year [3] - The company is accelerating collaborations with multiple domestic and international leading automotive brands, which will significantly boost its automotive business [3]

Core Viewpoint - The company, Lens Technology, is positioned as a leading player in the fragile materials processing industry, focusing on advanced glass processing technologies and innovative product development to enhance market competitiveness and capitalize on emerging trends in the glass market. Group 1: Business Operations and Market Position - Lens Technology does not produce raw glass but collaborates with partners to provide processed glass products, maintaining a stable supply chain through distribution centers and bonded warehouses [2] - The company is a core supplier of ultra-thin flexible glass, leveraging its expertise in UTG technology and patent portfolio to lead the development of foldable screens [3] - The new 3D glass design is expected to become mainstream in high-end flagship models, with increasing demand and significant value enhancement due to complex processing requirements [4] Group 2: Automotive Business Development - The company has leveraged its decades of experience in electronic glass processing to develop lightweight, multifunctional automotive glass, which has been successfully integrated into new models from leading electric vehicle manufacturers [5] Group 3: Financial Performance - In Q1 2025, the company reported a revenue of 17.063 billion yuan, a year-on-year increase of 10.1%, and a net profit of 429 million yuan, up 38.71% year-on-year, indicating strong financial health [7] - The company maintains a low debt ratio of 37.69%, with robust cash flow supporting its capital expenditures and international project expansions [6] Group 4: Analyst Ratings and Forecasts - Recent ratings from eight institutions have all recommended buying the stock, with a target average price of 28.61 yuan [8] - Profit forecasts for 2025 to 2027 show a positive trend in net profit projections, indicating confidence in the company's growth trajectory [9]