Lianchuang Electronics: Sales of automotive lenses are expected to increase in the second half of the year

Recently, Lianchuang Electronics stated on an interactive platform that the company is currently continuing to provide Tesla with in-vehicle lenses in a stable manner. Given the sales cycle of in-vehicle lenses, sales are expected to increase in the second half of the year.

Previously, Lianchuang Electronics also stated on the interactive platform that benefiting from the strong demand for optical screen fingerprint mobile phones, it is estimated that the shipment volume of screen fingerprint mobile phones in 2019 will increase by 900-1000% compared with last year, and the shipment volume will reach 280 million units. The under-screen camera technology it has developed is progressing smoothly. At the same time, the under-screen fingerprint module developed for well-known mobile phone brands has completed sample trial production.

Lianchuang Electronics stated that with the advent of the 5G era, the company will take advantage of its independently developed technological advantages, especially the advantages of high-pixel lenses in the optical field, to seize the development opportunities of 5G and actively deploy professional display markets such as automotive, industrial control, education, and smart home appliances.

It is worth noting that Lianchuang Electronics' layout in the field of automotive lenses and under-screen cameras has achieved certain results, which has been reflected in its 2019 semi-annual performance report. It is estimated that the net profit attributable to shareholders of the listed company in January-June 2019 will be 110.8901 million to 159.1032 million yuan, a year-on-year increase of 15.00% to 65.00%.

Guosheng Securities pointed out that the company's Lens is expected to see a rapid growth in the first quarter of 2019, thanks to the under-screen optical fingerprint recognition chip. The glass-plastic hybrid lens has entered the stage, and the company has cooperated with major domestic customers to conduct small-scale trial production. The on-board camera is the eye of the car and serves as the signal entry for the active control function.