Lens Technology plans to invest 3 billion yuan to develop comprehensive assembly business, with an annual production capacity of 100 million units

On February 8, Lens Technology released an announcement stating that in order to meet the needs of downstream customers, accelerate the company's one-stop comprehensive service platform development strategy, and further enhance the company's overall competitiveness and profitability, the company's controlling subsidiary Lens Technology (Xiangtan) Co., Ltd. (hereinafter referred to as "Xiangtan Lens") intends to invest in the construction of the "Smart Terminal Equipment Intelligent Manufacturing Phase I" project with its own funds or loans.

It is reported that the total investment of this project is initially estimated to be 300 million yuan (including part of the investment amount and the working capital required for production and operation). After the project is fully completed and put into production, it is initially estimated to achieve annual processing and assembly of 100 million smart terminal products.

Over the years, Lens Technology has been working hard and building a good reputation in the industry, and has won a group of high-quality and stable internationally renowned brand customer resources, such as Apple, Samsung, Huawei, OPPO, vivo, Xiaomi, Honor, Tesla, Amazon, etc. With its high visibility and good reputation in the industry, the company continues to deepen strategic cooperation with existing customers and continuously acquire new customer resources. The product and business structure is constantly optimized, and the application scenarios of various smart terminals are constantly enriched. At present, the business has penetrated into consumer electronics, automotive electronics, smart home appliances, medical devices and other industries.

This project is mainly engaged in the assembly of various types of smart terminals, including but not limited to: smart phones, tablets, wearable devices, automotive electronics, smart home appliances, medical equipment, electronic cigarettes, etc. With the accelerated development of new technologies and applications such as the electronic information industry and artificial intelligence, the target market of this project will have broad development prospects in the future. The subsidiary Xiangtan Lens Technology can make full use of the company's advantages such as global high-quality market resources, continue to expand and strengthen the company's assembly business segment, better provide downstream customers with high-quality products and services, and further enhance the company's core competitiveness.

Regarding the purpose and impact of this investment, Lens Technology stated that the company has currently obtained orders for complete machine assembly from some smartphone customers, and has reached strong cooperation intentions with customers in the fields of smart wearables, tablet computers, automotive electronics, medical equipment, etc. Through the implementation of this project, the company will accelerate the realization of the development strategy of a one-stop comprehensive service platform, enhance customer stickiness, and help obtain more business opportunities, as well as optimize the company's cost structure, and further enhance the company's overall competitiveness and profitability. The source of funds for this investment is Xiangtan Lens' own funds or loans, and will not have an adverse impact on the company's overall operations.