Company Overview - Guangdong Hongjing Optoelectronics Technology Co., Ltd. specializes in the R&D, design, production, and sales of optical lenses and camera modules since its establishment in 2012 [1] - Main products include optical lenses and camera modules for smart cars and emerging consumer markets, with applications in smart cockpits, intelligent driving, smart homes, and panoramic/sport cameras [1] Financial Performance - In the first half of 2025, the company achieved a revenue of CNY 701.14 million, representing a year-on-year growth of 55.72% [1] - Net profit attributable to shareholders was CNY 75.52 million, with a year-on-year increase of 10.22% [1] - Revenue breakdown: - Panoramic/sport camera business: 49.66% - Smart home business: 22.80% - Smart car business: 18.90% - New business: 7.55% [1] Customer Base - Established a diverse customer base in the smart car sector, supplying to brands like Chery, Changan, Xiaopeng, and SAIC through partners such as Desay SV and Hikvision [2] - In the smart home sector, the company is a key supplier for mid-to-high-end brands like Ring and Blink in the European and American markets [2] - Long-term partnership with Ying Shi Innovation in the panoramic/sport camera field [2] Collaboration with Ying Shi Innovation - Collaboration began in 2015, driven by mutual needs and market potential [3] - In 2022, the company developed a leading 48-megapixel panoramic camera lens and module, which received positive market feedback [3] Profitability Analysis - Overall gross margin for the first half of 2025 was 24.43% [4] - Gross margins by product: - Smart car optical lenses: 25.12% - Emerging consumer optical lenses: 46.06% - Emerging consumer camera modules: 15.48% [4] - Camera modules have lower gross margins due to reliance on externally sourced components [4] Future Development Outlook - The company aims to implement a "3+N" product strategy over the next 3-5 years, focusing on increasing market share in smart cars, smart homes, and panoramic/sport cameras [6] - Plans to expand into emerging fields such as AI hardware, machine vision, industrial inspection, and medical applications [6]
弘景光电(301479) - 2025年9月18日投资者关系活动记录表