AUTEK(SZ:300595)2025-04-29 10:12Group 1: Financial Performance - In Q1 2025, the company's direct revenue from hard lenses decreased by 0.75% year-on-year, but the decline was less severe compared to the second half of the previous year [2][3] - After excluding non-business factors, the net profit attributable to the parent company decreased by approximately 0.23% year-on-year, while the net profit after deducting non-recurring gains and losses increased by about 0.80% year-on-year [7][8] Group 2: Product Development and Market Strategy - The company plans to re-enter a growth trajectory in hard lens business through new products such as scleral lenses and high oxygen permeability corneal shaping lenses [3] - The new generation of corneal shaping lenses will be priced slightly higher than existing products, emphasizing safety and market competitiveness [3] - The company has initiated the promotion of scleral lenses, with over 300 optical institutions expressing cooperation intentions, which is a significant improvement compared to the initial promotion of corneal shaping lenses [4] Group 3: Operational Insights - In Q1 2025, the number of new optical terminals increased by 25, with optical terminal revenue accounting for over 55% of total revenue, showing year-on-year growth [4] - The company’s production capacity for hard lenses and related products has significantly improved, with no immediate need for expansion [4] Group 4: Market Competition and Pricing - The company aims to maintain price stability while enhancing the proportion of high-end products, despite increased market competition and pricing pressure [6] - The gross margin for hard lenses improved by 1.26% year-on-year in Q1 2025, indicating effective management of pricing strategies [6] Group 5: Future Outlook and Investment - The company plans to diversify its product offerings from a single product to a full range of optical products, targeting all age groups [8] - Future investments will focus on selecting suitable projects that align with the company's requirements, with expectations of continued high-quality development [8]