Lens(SZ:300433)2025-04-17 10:32Group 1: Company Performance and Financials - The company achieved a revenue of 69.897 billion yuan in 2024, representing a year-on-year growth of 28.27%, and a net profit of 3.624 billion yuan, up 19.94% year-on-year [9] - The company plans to distribute a cash dividend of 4.00 yuan per 10 shares for the 2024 fiscal year [7] - The company’s assembly business revenue increased by 97.42% in 2024, with a net profit margin of 1.61%, indicating strong growth in this segment [11] Group 2: Growth Drivers and Strategic Initiatives - Future growth drivers include deepening customer and business expansion in consumer electronics and new energy vehicles, as well as new projects in folding screens, smart automotive glass, humanoid robots, and AI glasses [10][12] - The company is focusing on vertical integration of the supply chain, providing comprehensive precision manufacturing services from product design to large-scale assembly, enhancing overall revenue and profit scale [10][13] - Continuous improvement in lean management and R&D collaboration in glass, metal materials, and functional modules to seize opportunities in emerging fields like AI terminals and smart vehicles [10][5] Group 3: Impact of Trade Policies and Market Conditions - The company has established a robust global supply chain, with 58% of its overseas business in 2024, primarily consisting of components and functional modules, which helps mitigate tariff risks [6][8] - The company’s proactive global layout and diversified development strategy have strengthened its resilience against external market fluctuations, with limited expected impact from changes in tariff policies [6][8] - The company is prepared to utilize 500 million to 1 billion yuan for share repurchase to stabilize stock prices amid market volatility [7] Group 4: Future Plans and Market Positioning - The company is planning to list in Hong Kong to expand its global business footprint and enhance delivery capabilities, with funds raised aimed at developing folding screens, smart automotive components, and AI glasses production [8][14] - The company does not plan to create a direct-to-consumer brand, focusing instead on being a leading provider of precision manufacturing solutions for brand clients [3]