联创电子(002036) - 2020年11月1日投资者关系活动记录表

Financial Performance - Q3 revenue reached 3.15 billion, a 97% YoY increase [3] - Q3 net profit was 123 million, a 20% YoY increase [3] - Q3 optical revenue was 600 million, with a 300% YoY increase in automotive lens revenue [4] - Q3 gross margin for automotive lenses maintained at 60%-70%, while high-definition lenses and modules were at 40%-50% [4] - Q3 mobile optical gross margin reached 28% [4] - Full-year revenue target for optics is over 3 billion, with a 50% compound growth rate expected [7] Optical Business Highlights - Automotive lenses: Mobileye EQ4/EQ5 and NVIDIA series are ramping up, with a 24 million smart car lens project in progress [4] - Mobile lenses: Capacity reached 18KK in September, with full production in September and October [4] - High-definition wide-angle lenses and imaging modules: Maintained industry leadership, with sales doubling YoY [4] - Drone lenses: Mass production for DJI began in Q4, expected to contribute significantly next year [4] - VR/AR: Focused on key optical components, with a joint research center established with Tsinghua University [6][7] Strategic Focus and Market Position - Optics industry strategy revolves around mobile smart terminals, automotive, VR/AR, and smart home sectors [5] - Company holds a 60%-70% global market share in panoramic imaging modules [5] - Partnerships with Mobileye, NVIDIA, and Tesla ensure a leading position in automotive ADAS optics [5] - Mobile lenses have entered Huawei and Samsung systems, with significant technological advantages [5] - Future automotive lens sales are projected to reach 300 million in 2021, 600 million in 2022, and 900 million in 2023 [5] Capacity Expansion and Future Plans - Mobile lens capacity to reach 25KK by December 2020, with a target of 36KK by mid-2021 and 45KK by year-end [6] - Automotive lens production lines are also expanding [6] - Focus on high-end products like 6P and 7P lenses to improve profitability [7] - Optics expected to become the company's main business, with significant growth in automotive, mobile, and high-definition wide-angle lenses [7] Investor Q&A Highlights - Company's technical advantages include comprehensive optical component, lens, and imaging module capabilities [5] - Mobile lens product structure: COB and CSP imaging modules account for 16KK, with 5P/6P lenses making up 30%-40% [5] - VR/AR industry potential: Company has been involved since 2013-2014, with key optical component expertise [6][7] - Security lens market: Limited investment due to low profitability, but high-end products developed with Huawei [7]