In the evening of March 17, Lianchuang Electronic Announcement disclosed a summary of investor research activities. It specifically explained the situation of Lianchuang Electronics' current product gross margin, production capacity, and affected by the epidemic situation. It is reported that the company has resumed work smoothly and the resumed production rate has reached 100%.
According to Lianchuang Electronics, due to the rapid recovery, customer orders are tilted to us, and the lenses and modules can be fully operated in April. In the future, it will make up for it in the first quarter by expanding production and improving efficiency.
It is understood that Lianchuang Electronics' current HD wide-angle imaging module orders have increased by more than 100% over last year, and industrial scanners, surveillance lenses and modules have increased production compared to last year. In 2020, there will be 8 large-scale mass production of automotive lenses, which will grow rapidly. 1G6P glass plastic, a leading domestic mobile phone brand, has been in mass production, and another well-known brand has provided samples. Huaqin Wentai's orders have grown significantly. Under-screen fingerprint lenses and mobile phone image modules have grown rapidly.
At present, the company ’s gross profit margin for high-definition wide-angle, car, and mobile phone lenses is relatively stable. The proportion of image modules in the product structure has increased.
In terms of lens shipments, currently 10KK lenses are shipped, of which 40% are under the screen and 40% are front wide-angle. Car Valeo, Conti, Tesla have improved significantly, and other manufacturers have also improved. The panoramic camera module has increased by 100% compared to last year, and the surveillance lens module has increased more than last year.
In addition, in terms of lens capacity, Lianchuang Electronics is expected to expand to 16-18KK from July to August this year, and expand to 20-25KK by the end of the year. According to its introduction, this year's largest shipments are under the screen and wide-angle front-facing lenses, and the production capacity of 6P and 7P is also available. After the expansion of production, it depends on the order situation.
When talking about the impact of the epidemic, Lianchuang Electronics pointed out that the epidemic has no impact on the company and there is no cut order, but because of the impact in February and March, customer demand increased. After the epidemic, Chongqing's resumption of work efficiency is higher, which has brought orders in Chongqing to grow more than expected. At present, the Nanchang factory order has no effect. The Chongqing factory adjusts the order structure and shifts to high-quality orders and large customers. Fortunately, the order demand is more flexible. After Q2 is stable, the order demand can be replaced.
