Lens Technology's net profit in the first quarter increased by 379%, what should Lens Technology look at after a good start?

Jiang Han's vision

2024-04-25 08:05Published in Shanghai

In recent years, Lens Technology has attracted much attention from the market, just recently released the financial report of Lens Technology, the first quarter revenue of 15.498 billion yuan hit a new high in the same period, and the net profit in the first quarter increased by 379.02%.

1. Lens Technology's net profit in the first quarter increased by 379%

According to a report by Investor.com, Lens Technology disclosed its first quarter report for 2024. In the first quarter of 2024, the operating income was 15.498 billion yuan, a year-on-year increase of 57.52%, a new high in the same period of the previous year, the net profit attributable to the parent company was 309 million yuan, a year-on-year increase of 379.02%, the non-net profit was 235 million yuan, a year-on-year increase of 1,608.35%, and the asset-liability ratio continued to decrease to 37.96%. The performance achieved steady growth, and the production and operation continued to improve.

According to the financial report, Lens Technology's net profit in Q1 2024 was 309 million yuan, a year-on-year increase of 379.02%, and the non-net profit was 235 million yuan, a year-on-year increase of 1,608.35%, showing a quarter-by-quarter improvement trend, achieving a "good start" in 2024.

In terms of finance, for the whole year of 2023, Lens Technology's sales expenses decreased by 4.79% year-on-year, administrative expenses decreased by 6.02% year-on-year, and financial expenses decreased by 0.68% year-on-year. With the continuous promotion of cost reduction and efficiency increase, Lens Technology's operating efficiency is expected to continue to improve in 2024.

It is worth noting that Lens Technology has abundant cash flow. In the first quarter of 2024, the company's monetary funds were 9.850 billion yuan, short-term borrowings were 190 million yuan, a year-on-year decrease of 86.61%, and the net cash flow generated by operating activities was 2.030 billion yuan.

According to the latest data from Canalys, global smartphone shipments in the first quarter of 2024 increased by 11% year-on-year. According to IDC data, global PC shipments in the first quarter of 2024 will be 59.8 million units, an increase of 1.5% year-on-year, ushering in a quarterly year-on-year increase for the first time.

2. What should we think of Lens Technology, which is off to a good start?

Lens Technology's first-quarter net profit increased by 379%, which undoubtedly brought strong confidence to investors and the market. This good start not only reflects the strong performance of Lens Technology in the overall positive market environment, but also reflects the company's active exploration in technological innovation and business diversification.

First of all, the sharp increase in Lens Technology's performance is actually a reflection of the overall improvement of the market. With the recovery of the global economy, the consumer electronics market has also ushered in a full recovery. As an important part of the consumer electronics industry chain, Lens Technology has successfully seized market opportunities and achieved rapid growth in performance by virtue of its leading position in the fields of glass cover and touch module. As the sales of consumer electronics such as mobile phones and tablets continue to grow, Lens Technology's orders have also increased significantly, which has promoted the company's performance significantly.

Secondly, Lens Technology's investment in technological innovation has brought it a new growth point. With the increasingly close combination of AI and PC, the concept of AI PC has become a new direction for the development of the industry. With its own technology accumulation, Lens Technology actively deploys the R&D and application of AI-related technologies, which not only enhances the competitiveness of existing products, but also opens up a new path for the company's long-term development. In the process of continuous development of AI large models, domestic manufacturers are actively promoting the integration of AI and hardware equipment, which means more cooperation opportunities and business possibilities for Lens Technology, which focuses on hardware manufacturing.

Third, Lens Technology's strategic layout in the field of new energy has also begun to reap results. The new energy vehicle industry has shown explosive growth in recent years, and Lens Technology has kept up with the pace of the times and established cooperative relations with more than 30 domestic and foreign new energy vehicles and traditional luxury car brands. This shows that the company's business expansion in the field of intelligent cockpit has achieved initial success. With the continuous expansion of the new energy vehicle market and the improvement of the intelligent level, this part of Lens Technology's business is expected to become a new profit growth point for the company. Especially in the context of the increasing importance of environmental protection and sustainable development in the world, the demand for new energy vehicles and related accessories is expected to continue to rise, which opens up a broader market space for Lens Technology.

Fourth, in the long run, Lens Technology's "good start" is not only expected, but also the result of the company's long-term adherence to innovation and diversification strategy. In recent years, Lens Technology's strong investment in R&D and keen insight into market trends have enabled it to grasp industry opportunities in a timely manner, continuously optimize product structure, and improve product quality and technical content. This forward-looking strategic layout and stable business strategy enable the company to maintain a leading position in the fierce market competition and achieve rapid growth at the right time.

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Personal opinion, for reference only