证券日报网1月8日讯，蓝特光学在接受调研者提问时表示，现阶段下游对于玻璃非球面透镜的产能需求 仍然在快速增长。随着公司前期"年产5100万件玻璃非球面透镜技改项目"自2024年顺利落地，公司也在 关键设备的前置储备上保持规划，因此能实现较短周期内的产能扩张。对于玻璃非球面透镜产能需求增 长较为显著的客户大都也是公司建立了长期合作关系的战略合作伙伴，后续公司也会继续根据市场需求 指引安排产能的有序扩张。 ...

长江商报消息 ●长江商报记者 张璐 蓝特光学（688127.SH）宣布启动一项海外投资计划。 1月5日，蓝特光学发布公告，公司拟在新加坡设立子公司、在马来西亚设立孙公司，投资金额不超过 6000万美元（折合约人民币4.2亿元）。 此次跨区域投资是蓝特光学深化全球产业链布局的关键举措，不仅将助力公司切入东南亚精密光学市 场，更有望通过区域协同进一步提升全球竞争力。 作为深耕精密光学领域的科创板上市企业，蓝特光学近年来展现出强劲的发展韧性与成长潜力，2025年 前三季度实现归母净利润2.5亿元，同比大幅增长54.68%。 长江商报记者注意到，蓝特光学资产规模也实现稳步扩张，截至2025年前三季度末，公司总资产达 27.14亿元，创下历史新高，为全球化布局提供了坚实的资金与资产保障。 境外收入占比达56.5% 日前，蓝特光学发布公告，拟在新加坡设立全资子公司，暂定名为"Lante Optics PTE. LTD."，同时在马 来西亚通过该新加坡子公司设立一家孙公司，暂定名为"Lante Optics SDN. BHD."。此项境外投资的总 金额上限为6000万美元（折合人民币约4.2亿元），资金来源为公司自有或自筹 ...

Core Viewpoint - The stock of Lante Optical has shown a significant increase in price and trading activity, indicating positive market sentiment and potential growth opportunities for the company [1][2]. Company Overview - Lante Optical, established on September 4, 2003, and listed on September 21, 2020, is located in Jiaxing, Zhejiang Province, and specializes in the research, production, and sales of optical components [2]. - The company's main revenue sources include optical prisms (59.54%), glass aspheric lenses (26.41%), glass wafers (8.20%), and other products (5.85%) [2]. - Lante Optical operates within the electronic-optical industry, specifically in optical components, and is associated with concepts such as Huawei, virtual reality, and the Apple supply chain [2]. Financial Performance - For the period from January to September 2025, Lante Optical achieved a revenue of 1.051 billion yuan, representing a year-on-year growth of 33.65%, and a net profit attributable to shareholders of 250 million yuan, reflecting a 54.68% increase [2]. - The company has distributed a total of 342 million yuan in dividends since its A-share listing, with 221 million yuan distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders for Lante Optical reached 11,100, an increase of 19.12% from the previous period, while the average circulating shares per person decreased by 16.05% to 36,189 shares [2]. - Notable institutional shareholders include Hong Kong Central Clearing Limited, which is the fifth-largest shareholder with 4.3395 million shares, and new entrants such as Nuoan Pioneer Mixed A and China Europe Quality Enterprises Mixed A [3].

Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook on its future growth potential [3]. Core Insights - The company is recognized as a leader in the optical components industry, with significant growth expected in molded glass products. Revenue forecasts for 2025 and 2026 have been adjusted to 1.388 billion and 1.831 billion RMB, respectively, with a new revenue forecast for 2027 set at 2.361 billion RMB. The net profit forecasts for the same years have also been updated to 356.65 million, 509.19 million, and 691.54 million RMB, respectively [3]. - The report highlights the company's strong position in the market, driven by the increasing demand for optical applications in consumer electronics, particularly in mobile photography. The company is actively developing new projects to meet customer needs and enhance its product offerings [9]. - The growth of the glass aspheric lens business is attributed to strong demand from automotive, optical communication, and handheld imaging device sectors. The company is expanding its production capacity to meet this growing demand [9]. - Strategic partnerships in the glass wafer business are deepening with major clients, particularly in AR and semiconductor applications, which are expected to drive future growth [9]. Financial Projections - The company’s total revenue is projected to grow from 754.46 million RMB in 2023 to 2.3606 billion RMB by 2027, reflecting a compound annual growth rate (CAGR) of approximately 28.95% [3][10]. - The net profit is expected to increase from 179.91 million RMB in 2023 to 691.54 million RMB in 2027, with a notable growth rate of 35.81% in the final year of the forecast [3][10]. - The earnings per share (EPS) is forecasted to rise from 0.44 RMB in 2023 to 1.70 RMB in 2027, indicating a strong improvement in profitability [3][10].

Core Viewpoint - The stock of Lante Optical has experienced fluctuations, with a recent decline of 2.01% and a total market capitalization of 12.56 billion yuan, despite a year-to-date increase of 15.76% [1] Company Overview - Lante Optical, established on September 4, 2003, and listed on September 21, 2020, is located in Jiaxing, Zhejiang Province. The company specializes in the research, production, and sales of optical components [1] - The main revenue sources for Lante Optical include optical prisms (59.54%), glass aspheric lenses (26.41%), glass wafers (8.20%), and other products (5.85%) [1] Financial Performance - For the period from January to September 2025, Lante Optical achieved a revenue of 1.051 billion yuan, representing a year-on-year growth of 33.65%. The net profit attributable to shareholders was 250 million yuan, reflecting a year-on-year increase of 54.68% [2] - Since its A-share listing, Lante Optical has distributed a total of 342 million yuan in dividends, with 221 million yuan distributed over the past three years [3] Shareholder Information - As of September 30, 2025, the number of shareholders for Lante Optical reached 11,100, an increase of 19.12% from the previous period. The average number of circulating shares per shareholder decreased by 16.05% to 36,189 shares [2] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the fifth largest with 4.3395 million shares, while Noan Pioneer Mixed A and China Europe Quality Enterprises Mixed A are new entrants in the top ten [3]

Core Viewpoint - The company achieved a 33.7% year-on-year increase in revenue and a 54.7% increase in net profit attributable to shareholders in the first three quarters of 2025 [3][4]. Financial Performance - In the first three quarters, the company reported revenue of 1.051 billion yuan (approximately 10.51 billion) with a year-on-year growth of 33.65%, driven by diversified product offerings and strong customer relationships in sectors like consumer electronics, automotive intelligent driving, and optical communications [4]. - The net profit attributable to shareholders reached 250 million yuan (approximately 2.50 billion), reflecting a year-on-year increase of 54.68%, while the net profit excluding non-recurring items was 243 million yuan (approximately 2.43 billion), up 55.79% year-on-year [4]. - For Q3 2025, the company reported revenue of 474 million yuan (approximately 4.74 billion), a year-on-year increase of 16.15% and a quarter-on-quarter increase of 47.57% [5]. - The net profit attributable to shareholders for Q3 was 147 million yuan (approximately 1.47 billion), showing a year-on-year growth of 30.37% and a quarter-on-quarter growth of 153.53% [5]. Product Development and Market Demand - The optical prism product line has expanded, with increasing demand for micro-prism products used in smartphone periscope camera modules, contributing to revenue growth [6]. - The demand for glass aspheric lenses has significantly increased, particularly in optical communications, VLOG cameras, and smartphone photography, with the company achieving strong production capabilities in aspheric molded glass technology [7]. - The demand for glass wafers in the AR field is on the rise, with the company collaborating with leading semiconductor and optical material suppliers to develop AR applications [8].

Core Points - Lante Optics has seen a stock price increase of 3.83% on November 5, reaching 34.69 CNY per share, with a trading volume of 422 million CNY and a turnover rate of 3.07%, resulting in a total market capitalization of 13.991 billion CNY [1] - The stock has risen for four consecutive days, accumulating a total increase of 8.71% during this period [1] Company Overview - Zhejiang Lante Optics Co., Ltd. is located in Huzhou, Zhejiang Province, established on September 4, 2003, and listed on September 21, 2020 [1] - The company's main business involves the research, production, and sales of optical components, with revenue composition as follows: optical prisms 59.54%, glass aspheric lenses 26.41%, glass wafers 8.20%, and others 5.85% [1] Fund Holdings - According to data from the top ten holdings of funds, one fund under Huaxia Fund has a significant position in Lante Optics [2] - Huaxia Qianlong Selected Stocks (005826) held 183,800 shares in the third quarter, accounting for 5.36% of the fund's net value, ranking as the ninth largest holding [2] - The fund has generated an estimated floating profit of approximately 235,300 CNY today and 511,100 CNY during the four-day increase [2] Fund Performance - Huaxia Qianlong Selected Stocks (005826) was established on September 27, 2018, with a current scale of 111 million CNY [2] - Year-to-date return is 36.16%, ranking 1221 out of 4216 in its category; the one-year return is 43.26%, ranking 778 out of 3901; and since inception, the return is 128.02% [2] - The fund manager, Xu Heng, has been in position for 364 days, with total assets under management of 1.346 billion CNY, achieving a best return of 36.62% and a worst return of 1.64% during his tenure [2]

Investment Rating - The investment rating for the company is "Outperform the Market" [5] Core Views - The company reported a 33.7% year-on-year increase in revenue and a 54.7% increase in net profit for the first three quarters, driven by diversified product offerings and strong demand in consumer electronics, automotive smart driving, and optical communication sectors [1][3] - The demand for glass aspheric lenses and optical prisms is significantly increasing, with the company successfully tracking customer needs and maintaining stable production growth [2][3] - The company is expected to see continued revenue growth, with projected revenues of 1.49 billion, 1.90 billion, and 2.42 billion yuan for 2025, 2026, and 2027 respectively, alongside net profits of 356 million, 470 million, and 575 million yuan for the same years [3][4] Summary by Sections Financial Performance - For the first three quarters, the company achieved revenue of 1.051 billion yuan, a 33.65% increase year-on-year, and a net profit of 250 million yuan, reflecting a 54.68% increase [1] - In Q3 2025, the company reported revenue of 474 million yuan, a 16.15% year-on-year increase, and a net profit of 147 million yuan, a 30.37% increase [1] Product Demand and Market Trends - The micro-prism products for smartphone periscope camera modules are experiencing increased terminal demand, contributing to revenue growth [2] - The company has developed a competitive non-spherical molding glass process, achieving strong performance in precision, yield, and production scale [2] - There is a growing demand for glass wafers in the AR field, with the company collaborating with leading semiconductor and optical material suppliers [2] Future Projections - Revenue projections for 2025, 2026, and 2027 are 1.49 billion, 1.90 billion, and 2.42 billion yuan respectively, with corresponding net profits of 356 million, 470 million, and 575 million yuan [3][4] - The current price-to-earnings ratios are projected to be 36.3, 27.5, and 22.5 for the years 2025, 2026, and 2027 respectively [3][4]

Core Viewpoint - Lante Optics experienced a 5.11% increase in stock price, reaching 33.50 CNY per share, with a total market capitalization of 13.512 billion CNY as of October 27 [1] Company Overview - Zhejiang Lante Optics Co., Ltd. was established on September 4, 2003, and went public on September 21, 2020. The company specializes in the research, production, and sales of optical components [1] - The revenue composition of Lante Optics includes optical prisms (59.54%), glass aspheric lenses (26.41%), glass wafers (8.20%), and other products (5.85%) [1] Shareholder Information - Noan Fund's Noan Pioneer Mixed A (320003) entered the top ten circulating shareholders of Lante Optics in the third quarter, holding 3.5792 million shares, which is 0.89% of the circulating shares. The estimated floating profit for today is approximately 5.8341 million CNY [2] - Noan Pioneer Mixed A was established on December 19, 2005, with a latest scale of 3.84 billion CNY. Year-to-date returns are 35.17%, ranking 2345 out of 8226 in its category; the one-year return is 40.07%, ranking 1640 out of 8099; and since inception, the return is 1142.92% [2] Fund Manager Information - The fund manager of Noan Pioneer Mixed A is Yang Gu, who has a cumulative tenure of 19 years and 253 days. The total asset size of the fund is 5.133 billion CNY, with the best fund return during his tenure being 1079.02% and the worst being 7.57% [3]

Investment Rating - The investment rating for the company is "Buy" [5] Core Insights - The company reported a revenue of 1.051 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 33.65%, and a net profit attributable to shareholders of 250 million yuan, up 54.68% year-on-year [1] - In Q3 2025, the company achieved a revenue of 474 million yuan, a year-on-year increase of 16.15% and a quarter-on-quarter increase of 47.57% [2] - The gross margin for the first three quarters of 2025 was 40.92%, an increase of 2.57 percentage points year-on-year, with Q3 gross margin at 46.93%, up 2.32 percentage points year-on-year [3] Summary by Sections Performance Overview - The company’s Q1-Q3 2025 revenue was 1.051 billion yuan, with a net profit of 250 million yuan, and a non-recurring net profit of 243 million yuan, reflecting strong growth rates of 33.65% and 54.68% respectively [1] Quarterly Performance - In Q3 2025, the company’s revenue reached 474 million yuan, marking a 16.15% increase year-on-year and a significant 47.57% increase quarter-on-quarter [2] Gross Margin and Cost Control - The gross margin for Q1-Q3 2025 was 40.92%, with Q3 gross margin at 46.93%, indicating effective cost control and operational efficiency [3] Product Growth Drivers - The optical prism segment is identified as a core growth driver, with the company being a key supplier of micro prisms for Apple's new telephoto camera systems, expected to see increased demand as technology matures [4] - The glass aspheric lens segment is experiencing strong demand across various applications, with the company expanding its production capacity to meet this demand [5] - The glass wafer segment is positioned to benefit from the growing AR glasses market, with the company recognized for its advanced production capabilities [9] Financial Forecast - The company’s revenue is projected to reach 1.455 billion yuan in 2025, with a year-on-year growth of 40.7%, and net profit expected to be 337 million yuan, reflecting a 52.6% increase [10]