Crystal Optech's net profit in the first three quarters fell 13.08% year-on-year

On the evening of October 21, Crystal Optech released its third quarter report for 2020. In the first three quarters of this year, Crystal Optech achieved operating income of 2.259 billion yuan, a year-on-year increase of 9.38%; net profit attributable to shareholders of listed companies was 313 million yuan, a year-on-year decrease of 13.08%; net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 279 million yuan, a year-on-year decrease of 2.93%; net cash flow from operating activities was 501 million yuan, a year-on-year increase of 75.30%.

Crystal Optech said that as the global chip market supply relationship is affected by non-economic factors, the company will pay close attention to and actively respond to possible changes in the mobile terminal market, and continue to dig deep into the needs of major North American customers and domestic and foreign Android customers. At present, the company's optical imaging components, biometrics, and thin-film optical panel business groups have provided stable batch shipments for new products of well-known overseas terminals, and new businesses such as prisms and thin-film optical panels have begun stable mass production, improving gross profit margins.

In addition, according to development needs, Crystal Optech plans to issue A-shares privately to no more than ten specific objects. The number of shares issued this time shall not exceed 200,000,000 shares (including 200,000,000 shares), and the total amount of funds raised (including issuance expenses) will not exceed RMB 225,000,000 (including RMB 225,000,000), which will be used to invest in technical transformation projects of optical components for smart terminals, precision thin film optical panel projects for mobile IoT smart terminals and to supplement working capital.

At the same time, in order to focus on the development of its core business and improve the efficiency of asset utilization, Crystal Optech plans to transfer the fixed assets and technologies related to the camera module pre-research project to Dongguan Ecos Technology Co., Ltd. at a transfer price of RMB 89,668,650.00.