With the recovery of industry demand, the shipment volume and price of mobile phone lenses have risen recently, which will directly improve the performance of related companies this year, and some companies have received widespread attention from capital.
Shipments of mobile phone lenses have increased significantly
Recently, Sunny Optical Technology (02382, HK), a mobile phone camera module company, disclosed the shipment data of major products in November 2023, showing that in that month, the company's glass spherical lens shipments were 19240,000 pieces, a year-on-year increase of 489%, and the shipment of mobile phone lenses was 11.8 billion pieces, a year-on-year increase of 293%, and the shipment of mobile phone camera modules was 519980,000 pieces, a year-on-year increase of 499%。
In this regard, Sunny Optical Technology said that mobile phone lens shipments increased by 29% year-on-year3%, and the shipment of mobile phone camera modules increased by 49% year-on-year9%, mainly due to the weak overall smartphone market demand in the same period last year, which made the base at a low level.
Coincidentally, the peer Qiu Ti Technology (01478, HK) also recently disclosed the shipment data of major products in November this year, showing that the company's mobile phone camera module sales in November were 370940,000 pieces, an increase of 81%, an increase of 6 year-on-year5%, of which, 1922 camera modules below 32 million pixels were shipped70,000 pieces, an increase of 03%, down 168%, 1786 camera modules with more than 32 million pixels were shipped70,000 pieces, an increase of 179%, a year-on-year increase of 522%。
Qiu Ti Technology said that the increase in shipments was mainly due to the rebound in the demand for smartphone market and the good business development of the company's mid-to-high-end camera module products.
According to IDC statistics, the actual retail sales of domestic smartphones in the third quarter of 2023 have achieved a year-on-year increase of 04%, and shipments are also expected to show an inflection point in the fourth quarter. The latest report from market research firm CounterpointResearch also shows that China's smartphone market is showing signs of recovery, with an average year-on-year increase of 11% in the first four weeks of October.
The recovery of the industry has not only increased the product shipments of upstream industrial chain enterprises, but also driven the product industry
According to **Recently**Dao, the world's leading mobile phone lens company Da Li Guang has increased the high-end lens in the Chinese mainland market in the fourth quarter**, in addition, Sunny Optics recently announced a new product price increase in the first quarter of 2024, and it is expected that the price of 5P (5 plastic lenses) lens will increase by 20% to 30%.
In this regard, Da Li Guang said that it does not comment on single customer orders and ** dynamics. Lin Enping, chairman of Da Liguang, said in October that the demand for high-end mobile phones has recovered, and emphasized that there is no room for all types of products.
Not long ago, Haitong International also released a research report pointing out that the **chain survey shows that most camera module manufacturers have increased the camera module for Android (Android) customers by 4% to 6%. For mobile phone lenses, due to a more reasonable pricing environment and the launch of new CIS (image sensors), we are also seeing many mid-to-high-end lens SKUs (minimum stock keeping units).
The rise in product volume and price will inevitably improve the performance of related enterprises.
The reporter found that benefiting from the recovery of the industry, breakthroughs in important customer products, and an increase in the proportion of high-end products, OFILM (002456), which has been deeply involved in the field of optics and optoelectronics for more than 20 years, has significantly improved its profitability this year.
In 2022, OFILM will lose 518.2 billion yuan, in the first three quarters of this year, the company's revenue was 1081.9 billion yuan, down 005%, and the loss narrowed to 29.9 billion yuan, a year-on-year increase of 9088%, of which in the third quarter, the company's revenue was 450.5 billion yuan, a year-on-year increase of 4775%, net profit 5431820,000 yuan, a year-on-year increase of 10226%。
Based on the steady development of the smartphone business, the company accelerates the development of innovative businesses such as smart cars and new fields, extends to the upstream of the industrial chain, explores new markets, builds a business structure system for the three major sectors of smart phones, smart cars and new fields, and continuously optimizes the company's internal resource allocation and business structure through technology research and development and product innovation, increases the proportion of high value-added products, and strives to improve the company's overall operational efficiency and profitability. The relevant person in charge of OFILM told reporters.
Capital concerns
The above-mentioned changes in the industry have aroused widespread attention from capital to related enterprises.
According to the research minutes disclosed by OFILM, on December 12, the company received a centralized investigation of nearly 200 investment institutions, including Tamsui Spring Investment and Hony Investment, etc., OFILM executives revealed that the company's smart phone business is stable and progressive, maintaining a leading position in the market, and is the main force of high-end camera products** After years of technical precipitation, the team has broken through the technical barriers of high-end lenses, 100 million pixel 7P optical lenses, periscope 3X telephoto lenses, and internal focusing lenses have been mass-produced, and multi-performance products such as telephoto lenses, macro lenses and ultra-wide-angle lenses have entered the lens chain of domestic mainstream mobile phone manufacturers.
Next year, the mobile phone market will achieve positive year-on-year growth, mainly due to industry innovation, especially the continuous leadership of leading enterprises such as Huawei and Apple in innovation, which will drive the recovery of the entire industry. Recently, the chairman of a consumer electronics industry chain in A-shares told a reporter from **Times E Company.
Recently, Ming-Chi Kuo, an analyst at Tianfeng International, recently issued an article saying that generative AI (AIGI) will become popular in 2023, and iPhone16 will launch relevant innovative features. In other words, the iPhone 16 will be the first AIiPhone.
On December 9, at the 2023 Huawei Pollen Annual Conference, Yu Chengdong, CEO of Huawei Device BG, also said that Huawei will launch very leading, innovative, and disruptive products next year. Yu Chengdong said bluntly: "When the time comes, you can see how we can rewrite the history of this industry." I hope to continue to bring beyond everyone's expectations, to do things that others can't think of, or things that they can't think of, or even things they dare not think of. ”
Some industry executives believe that economic recovery will be the main factor to promote the further recovery or even positive recovery of consumer electronics next year.
Recently, Xu Qi, vice president of realme and president of China, said in an interview with reporters that it is expected that China's mobile phone market will improve next year compared with this year, in other words, it will turn positive. He believes that the main factors driving the industry to turn positive are the global economic recovery, the global economy is currently in a state of recovery, of which China's economic recovery is at the forefront of the world, in addition, the entire mobile phone industry in the iteration also continues to have a lot of bright spots, these highlights will continue to affect the user's replacement decision, "of course, the consumer replacement cycle from more than 30 months back to 20 months or more than ten months need a time cycle, it is a slow recovery process, I think the direction is good."
According to Canalys' latest**, for the whole of 2023, global smartphone shipments will reach 11300 million units, a year-on-year increase of 119.3 billion units fell slightly, while in 2024 it will increase by 4% year-on-year to 11700 million units, the smartphone market is expected to ship 12500 million units, 26% compound rate (2023 to 2027)