OFILM plans to invest 240 million yuan in Hefei Jingchao to implement optical projects: stock price is strong

On December 22, OFILM (002456.SZ) hit the intraday daily limit at 9.69 yuan. The share price hit a new high since March this year, and the latest market value is 31.6 billion yuan.

On December 21, OFILM issued an announcement stating that it plans to use the raised funds to increase the capital of its wholly-owned subsidiary Hefei Jingchao Optical Technology Co., Ltd. (hereinafter referred to as "Hefei Jingchao") by RMB 200 million, and at the same time use its own funds to increase the capital of Hefei Jingchao by RMB 40 million to implement the newly added optical lens and lens production line project of Hefei Jingchao Optical Technology Co., Ltd.

It is understood that after this capital increase, Hefei Jingchao’s registered capital will increase from 10 million yuan to 250 million yuan.

According to the data, lenses mainly include glass spherical lenses, glass aspherical lenses, plastic aspherical lenses, prisms, plane mirrors, cylindrical lenses, optical radar components, etc. They are mainly used in automotive lenses, infrared lenses, VR/AR, sports cameras, medical treatment, mobile phones, electronic products and other fields; lenses are mainly automotive lenses, infrared lenses, VR/AR, sports camera lenses, etc. Lenses are crucial electronic devices for image capture. Lenses are affected by factors such as pixels, specifications, and standards, but their main components are still lenses, spacers (spacers), pressure rings, and lens barrels.

OFILM believes that the necessity of this project is mainly reflected in three aspects. First, it is in line with OFILM's strategic development plan and meets the needs of the upward improvement of the industrial chain. Through the implementation of this project, OFILM will further improve the industrial chain in the optical field and promote the accelerated realization of the strategic plan of "vertical industrial integration in the optical field", which will help improve the comprehensive competitiveness of OFILM's products and continuously expand its industry position and market share.

Secondly, through the implementation of this project, more advanced production and testing equipment will be introduced to further expand lens production capacity, fully improve OFILM's supply capacity of optical lenses and optical lenses, and promote the continuous expansion of OFILM's industrialization scale. At the same time, it will continue to improve R&D capabilities and attract more professional and high-quality talents to meet the ever-increasing consumer demand in the downstream market.

Third, through the implementation of this project, the self-sufficiency rate of key raw materials for OFILM's main products will continue to increase, which will provide strong support for OFILM to reduce production costs and improve product quality, thereby better attracting orders from downstream manufacturers and facilitating the maintenance and stabilization of customer relationships.

In the announcement, OFILM revealed that at present, OFILM's optical lens-related business is progressing smoothly. It has completed lens quality certification for most customers and has achieved batch shipments, among which the production and sales rate of mobile phone lenses has reached more than 95%. After the project is expected to reach full production and meet standards in 4 years, the total annual output value of lenses and lenses will be about 1.52 billion yuan, and the annual tax payment will be about 46 million yuan.