Group 1: Market Position and Competition - The main clients in the smart home sector are Ring and Blink, with a significant share in their mid-to-high-end product lines [1] - The high technical barriers in the action camera market limit new entrants, allowing the company to maintain its competitive position [1] Group 2: Production Capacity and Performance - In 2024, the total production of optical lenses reached 34.84 million units, while the production of camera modules was 3.18 million units [2] - The company maintained a high capacity utilization rate, with ongoing expansion projects expected to gradually release additional capacity [2] Group 3: Financial Performance - In Q1 2025, the company achieved a revenue of approximately 278.64 million yuan, representing a year-on-year growth of 41.14% [2] - The net profit for the same period was approximately 34.63 million yuan, showing a year-on-year increase of 11.79% [2] Group 4: Profitability and Margins - The comprehensive gross margin for the camera module business in 2024 was 19.92%, which is considered reasonable despite high material costs [2] - The company plans to maintain its gross margin through improved product yield rates [2] Group 5: Employee Incentives - The company has established performance bonuses and project incentive mechanisms, and is actively considering an equity incentive plan [2]
弘景光电(301479) - 2025年5月12日投资者关系活动记录表