Union Optech(SZ:300691)2022-11-22 02:58Group 1: Investment and Financial Overview - The company plans to issue up to 38,902,538 shares at a price of 12.21 CNY per share, raising a total of no more than 475 million CNY [1] - The funds raised will primarily be used for the "New Display and Smart Wearable Products Manufacturing Project" [1] - The project is expected to commence construction by the end of 2021 and be completed by the end of 2021 [1] Group 2: Product Development and Market Performance - The company aims to achieve an annual production capacity of 18 million sets of vehicle-mounted lenses, 2 million sets of new projection lenses, and 580,000 sets of VR/AR all-in-one machines [2] - Revenue from the automotive electronics sector grew by 230.87% compared to 2019, while the consumer electronics sector saw a growth of 189.11%, and the smart display sector increased by 91.38% [2] - The company has established itself as a secondary supplier for market terminal customers in the consumer electronics field, producing high-resolution mobile lenses and various optical products [2] Group 3: Strategic Goals and Future Plans - The company is committed to maintaining its leading position in high-end security lenses and expanding its market share in vehicle-mounted lenses [3] - Plans include enhancing competitiveness in vehicle-mounted lenses and new projection lenses through the introduction of new equipment, processes, and technologies [3] - The company aims to leverage technological innovation to strengthen its optical product offerings and expand into new markets such as smart projection and virtual reality [3]