LianChuang Electron(SZ:002036)2022-12-05 02:20Group 1: Financial Performance - In 2019, sales revenue reached 6.08 billion, with a net profit of 267 million, marking a 92% growth in optics and a 38% growth in touch display [5] - The company aims to achieve a sales target of 7.5 billion for 2020, with expectations of steady profit growth based on a projected increase in optical sales [13] Group 2: Research and Development - Over the past three years, the company has invested more than 600 million in R&D, which has led to recognition from core customers and accelerated project implementation [6] - The company plans to expand production capacity, increasing module capacity to 10kk and lens capacity to 18kk by June 2020 [6] Group 3: Market Trends and Opportunities - The ODM market share in the mobile industry has significantly increased, presenting a business opportunity for the company [8] - The company has established strategic partnerships with major clients in the automotive sector, securing orders that are expected to drive high growth in the coming years [7] Group 4: Product Development and Technology - The company is focusing on high-pixel lenses and glass-plastic hybrid lenses, which are anticipated to replace traditional plastic lenses, with a production capacity ranking second globally [8] - The company has received significant orders for 3D structured light face recognition lenses and is actively developing new technologies such as high-magnification and ToF technology [15] Group 5: Customer Base and Market Position - The top five customers account for a significant portion of the company's revenue, particularly in the touch display segment, which generates over 3 billion [14] - The company has a diverse customer base in the optical sector, avoiding over-concentration and ensuring a stable revenue stream [14]