Lens Technology (300433) Q4 2024 earnings summary

Executive summary

• Revenue reached ¥69.90 billion in 2024, up 28.27% year-over-year; net profit attributable to shareholders was ¥3.62 billion, up 19.94% year-over-year; basic EPS was ¥0.73, up 19.67% year-over-year.

• Operating cash flow was ¥10.89 billion, up 17.08% year-over-year.

• All major business segments achieved growth, with smartphone and computer segment revenue up 28.63% year-over-year.

• R&D investment hit a record ¥2.78 billion, focusing on foldable phones, AI glasses, smart vehicles, and new materials.

Financial highlights

• Gross margin was 15.89%, down 0.70 percentage points year-over-year.

• Net margin improved, with net profit attributable to shareholders up 19.94% year-over-year.

• Cash and cash equivalents at year-end were ¥10.99 billion.

• Total assets reached ¥81.02 billion, up 4.58% from the previous year.

• Major customers accounted for 81.13% of annual sales.

Outlook and guidance

• Plans to strengthen global capacity, expand in emerging markets, and deepen vertical integration.

• Focus on AI-driven products, smart vehicles, and robotics for future growth.

• Continued investment in R&D and smart manufacturing to enhance efficiency and competitiveness.