Lens Technology steps up investment in robots and AI smart terminals
On March 12, Lens Technology, a Chinese leading player in the electronics industry, announced that its board of directors has approved the proposal to issue H-shares and list on the Main Board of The Stock Exchange of Hong Kong Limited. The approval of this resolution marks the substantial stage of Lens Technology's internationalization strategy.
Lens Technology was founded in Shenzhen in 1993. In 2006, its headquarters was relocated to Changsha, Hunan Province. It was listed on the ChiNext Market of the Shenzhen Stock Exchange in 2015. The company has 9 major R&D and production bases in regions and countries such as Hunan, Guangdong, Jiangsu, and Vietnam. The self-built office and factory buildings cover a construction area of nearly 9 million square meters, with total assets approaching CNY 80 billion.
Lens Technology has R&D and production bases in Vietnam and overseas business offices in the United States, Germany, Japan, and South Korea.
The latest data shows that in the first three quarters of 2024, Lens Technology achieved a revenue of CNY 46.228 billion, a year-on-year increase of 36.74%; its net profit attributable to shareholders was CNY 2.371 billion, a year-on-year increase of 43.74%. The significant growth in revenue during the reporting period was mainly due to the increase in the revenue of the company's consumer electronics business.
The funds raised by Lens Technology through the issuance of H-shares this time are mainly intended for four major directions: global capacity layout, enriching product portfolios, enhancing vertical integration and intelligent manufacturing capabilities, and supplementing working capital.
Through listing on the Hong Kong stock market, Lens Technology is expected to further broaden its financing channels, enhance its global brand influence, and inject new momentum into long-term technological upgrades and capacity expansion.