Lens(SZ:300433)2025-09-01 07:58Financial Performance - The company's net profit growth in Q2 was close to 30%, driven by effective cost control and increased operational efficiency from new product launches [2][3] - Revenue for Q2 reached 15.897 billion CNY, a year-on-year increase of 19.25%, despite a slight decrease from Q1 [2][4] - The overall revenue structure showed an increase in assembly business, contributing to stable gross margins [3][4] Business Segments - The wearable business saw a margin increase due to higher shares of metal frames in smartwatches and improved production efficiency [5] - The automotive segment achieved a market share of 20.9% in intelligent automotive interaction systems, with significant growth in product value per vehicle [6][7] - The company is focusing on high-margin hardware assembly in AI servers, AR glasses, and cloud cameras, aiming to enhance profitability through vertical integration [3][5] R&D and Innovation - R&D expenses increased by 29.15%, amounting to nearly 400 million CNY, primarily for new projects in consumer electronics and AI technologies [8] - The company is actively collaborating with clients in the AI eyewear sector, leveraging core technologies to enhance product performance [9][10] - Plans for liquid cooling technology in servers are underway, with expectations for mass production by the end of the year [18] Market Strategy - The company has established a global footprint with production bases in Vietnam, Thailand, and Mexico, enhancing its ability to meet international client demands [15][16] - Strategic partnerships with leading clients in various sectors, including humanoid robotics and automotive, are being developed to drive future growth [10][11][14] - The company is adapting to tariff changes by diversifying its supply chain and enhancing global delivery capabilities [13][14] Financial Health - The company reported a decrease in financial expenses to -130 million CNY, with a foreign exchange gain of approximately 170 million CNY in Q2 [7] - Capital expenditures have remained stable at 4 billion CNY in the first half of 2025, focusing on capacity expansion and new product development [12]