LianChuang Electron(SZ:002036)2022-12-03 09:01Group 1: Company Overview and Market Position - Lianchuang Electronics is a major supplier for high-end camera lenses, particularly for GoPro, and anticipates stable growth in 2019 despite trade war impacts [3] - The company has a strong position in the smartphone lens market, supplying major brands like ZTE, Huawei, and Oppo, with a monthly production capacity of approximately 500,000 to 600,000 units [4] - In the automotive lens sector, Lianchuang has established partnerships with Tier 1 suppliers such as Valeo and ZF, with a monthly production capacity of 2 million automotive lenses [4] Group 2: Product Development and Technological Advancements - The company is focusing on upgrading lenses to meet the 8K demand in the 5G era, positioning itself as a key supplier for high-end camera lenses [3] - Lianchuang's 3D laser collimation lens technology is leading in the market, enhancing its competitive edge in the smartphone lens sector [3] - The company has developed 6 automotive lenses certified by MobileEye, with a focus on ADAS lenses, indicating a strong technological foundation in the automotive sector [3] Group 3: Production Capacity and Expansion Plans - Current production capacity for smartphone lenses is around 500,000 to 600,000 units per month, with plans to expand to 1.2 million units per month within six months if needed [4] - The company is constructing a new factory specifically for G+P smartphone lenses to enhance production capabilities [4] - Monthly production capacity for molded glass lenses is approximately 200,000 units, which can support the production of 600,000 smartphone lenses [4] Group 4: Financial Performance and Strategic Partnerships - In 2017, the optical segment reported a net profit of 157 million yuan, indicating a solid financial performance [4] - Lianchuang has been collaborating with BOE Technology Group for over three years, enhancing its technical capabilities and expanding its service to international brands [5] - The company is considering future collaborations with Apple as its manufacturing capabilities improve [4]