Continuing to promote the research and development of high-end products such as automotive lenses, Yutong Optics' net profit in 2021 increased by 91.44% year-on-year

On March 27, Yutong Optics disclosed its 2021 annual report. In 2021, the company achieved operating income of 2.062 billion yuan, a year-on-year increase of 40.11%; net profit attributable to shareholders of listed companies was 243 million yuan, a year-on-year increase of 91.44%; net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 235 million yuan, a year-on-year increase of 101.30%; net cash flow from operating activities was 313 million yuan, a year-on-year increase of 878.01%.

Yutong Optics said that benefiting from the highly prosperous downstream demand and the company's continued promotion of the research and development of high-end products such as large-magnification zoom, smart home, automotive lenses, and machine vision lenses, the strong market demand for the company's products has driven revenue growth; with the release of production capacity of early investment projects, the scale effect has improved labor productivity and reduced costs.

In terms of R&D, Yutong Optics adheres to the guidance of innovation-driven development and continues to increase investment in R&D expenses. In 2021, R&D expenditure was 133.6313 million yuan, an increase of 78.43% over the previous year. Among them, "Super Starlight HD Fixed Focus Lens", "Ultra-Wide Angle Smart Home Visual Access Control Lens", "Ultra-Wide Angle Car Lens", "1/1.8-inch 8-megapixel Starlight Fixed Focus Lens", "1/1.8-inch 8-megapixel Fixed Aperture Zoom Lens" and other products have been recognized as high-tech products in Guangdong Province.

It is reported that Yutong Optics is a high-tech enterprise specializing in the design, research and development, production and sales of optical lenses and other products. Its products are mainly used in public security monitoring equipment, smart homes, car cameras, machine vision and other high-precision optical systems. Among them, the security field is the company's main business area, and it has formed many series of products such as the Super Starlight Series, All-in-One Series, 4K Series, Zoom Series, Starlight Fixed Focus Series, Universal Fixed Focus Series, Large Angle Fixed Focus Series, Fisheye Series, CS Series, etc.