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OFILM's 2023 annual report
In 2023, the company will achieve an operating income of 16.863 billion yuan, a year-on-year increase of 13.73%, and a net profit attributable to shareholders of listed companies of 76.905 million yuan, a year-on-year increase of 101.49%, turning losses into profits.
It is reported that OFILM has been deeply involved in the optical and optoelectronic industry for more than 20 years, and its products are widely used in smart phones, smart cars and other new intelligent applications, mainly including optical camera modules, optical lenses, fingerprint recognition modules, 3D ToF, intelligent driving, body electronics, intelligent cockpit and intelligent door locks and other related products.
According to IDC data, the global smartphone market shipments will decline by 3.2% year-on-year to 1.17 billion units in 2023. But in the second half of 2023, the smartphone market demand has improved. According to IDC, global smartphone shipments in the fourth quarter of 2023 were 330 million units, up 8.5% year-over-year, higher than the 7.3% growth forecast.
OFILM also pointed out in the annual report that benefiting from the significant increase in end customer demand and sales revenue in the second half of the year, the company's operating income in 2023 will increase year-on-year, driving the company's capacity utilization rate to increase. In 2023, OFILM will further optimize the layout of the industrial base, improve all aspects of the industrial chain integration, promote intelligent manufacturing and refined management, and improve the company's profitability to a certain extent with the implementation of a series of management measures to reduce costs and increase efficiency.
OFILM's 2023 current non-recurring profit and loss statement
On the other hand, in 2023, OFILM's net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses will be -293 million yuan, although it will increase by 94.10% year-on-year, it will still be negative.
It is worth noting that in 2023, the impact of OFILM's non-recurring profit and loss on the net profit attributable to shareholders of listed companies will be 370 million yuan, mainly due to government subsidies, disposal of non-current assets and other matters. In 2023, OFILM's non-recurring profit and loss on the disposal of illiquid assets will be 70.4973 million yuan, and the government subsidy will be 122 million yuan.
OFILM's sale of major assets in 2023
According to OFILM's annual report, in June 2023, OFILM sold the house at No. 233, Kangyang Road, Huangdai Town, Xiangcheng District, Suzhou City, and the state-owned land use rights within the scope of the house, with a transaction price of 339 million yuan, and the net profit contributed by the asset to the listed company was 60.241 million yuan. In December 2023, OFILM sold the house on the south side of Dongming Avenue and the west side of No. 12 in the west area of Guangming High-tech Zone, Shenzhen, and the state-owned land use rights within the scope of the house, with a transaction price of 606 million yuan, and the net profit contributed by the asset to the listed company was 4.3641 million yuan.
OFILM's operating income composition
"Electric Eel Finance" paid attention to the fact that in 2023, OFILM's smartphone product revenue will account for 72.66%, and smartphones are still the company's main source of income. However, on the other hand, OFILM's sales of smart car products and products in new fields are also growing rapidly, and the proportion of revenue has also increased.
It is reported that OFILM divides the company's intelligent vehicle business into three major sectors: intelligent driving domain, body domain and cockpit domain, and deeply lays out the fields of intelligent driving, body electronics and intelligent cockpit. Based on optical lenses and cameras, the company has formed system-level product customization capabilities such as peripheral vision system, automatic parking system, driving domain controller with integrated driving and parking, and body domain controller with integrated Ethernet gate. With strong R&D strength, fast development cycle, solid customer base, and high-quality, automated process technology, we have promoted the rapid growth of smart vehicle-related operating income.
In addition, the company continues to strengthen the research and development of related products in new fields, and lays out the optical and optoelectronic business in new fields such as smart door locks, action cameras, industrial and medical, VR/AR and other fields.
In 2024, the consumer electronics industry will begin to show signs of recovery, and major consumer electronics terminal manufacturers will actively innovate product types and expand application scenarios to meet the increasingly diverse needs of consumers and continue to explore more industrial opportunities. In the future, OFILM will continue to strengthen the development of products in new technology fields, and make a multi-faceted layout of optical and optoelectronic businesses in new fields such as smart door locks, action cameras, industrial and medical, VR/AR, etc. "Electric Eel Finance" will continue to pay attention to the future development of OFILM and its performance.