Jiwei.com News, according to Juheng.com, on July 14, Daliguang held a legal lecture. CEO Lin Enping said that he was driven by mobile phone goods in the second half of the year and is expected to be better than June and August's revenue will be better than July. Among them, there are more orders in the third and fourth quarters of high-end mirror necks such as 7P and 8P, but the actual shipment volume depends on the sales status of the client.
However, Lin Enping believes that under the shadow of global inflation, although the number of customers has increased, all customers are pessimistic. Compared with the supply chain shortage in the first half of this year, the supply chain problem is that inventory is relatively serious and may become more and more serious.
Daliguang's current capacity utilization rate has returned to the same level as the same period last year as the peak market demand season. Lin Enping said that the price of high-end mobile phone lenses is still not under much pressure, but the market demand is very weak. As for Daliguang, there must be profitable lens development cases to take on.
As for the trend of upgrading specifications of client mobile phone lenses, Lin Enping pointed out that including variable aperture and DOUBLEFREEFORM, some 8P specifications are quite high. The manufacturers' upgrade attitude in the first half of 2023 was a bit positive, but the market is generally pessimistic, and they do not expect that mobile phones equipped with high-end lenses can sell more; as for higher-end 9P lenses, they are still being promoted.
Lin Enping pointed out that this year's VCM (voice coil motor) expansion investment has been completed in the first half of the year, and the production capacity is sufficient to meet demand. It is estimated that the VCM business volume this year will be higher than last year. Although the gross profit margin of Daliguang's single VCM product will be lower than that of high-spec lenses, the company's attitude towards expanding its own VCM production capacity is mainly because VCM is a key component of the lens and is used to design lens groups equipped with special specifications in future customers.
In addition, Japanese Sony phones have developed periscope lenses to enter the market for sales, which has attracted market attention. Regarding the investment in periscope lenses, Lin Enping said that in order to lower the lens height, the lens needs to be cut in the edges. This is more difficult to do. It needs to be pressed and cannot be round. The two sides need to be cut off, which is more difficult to do. It depends on the yield rate. Daliguang is still trying to do it now. In addition, the periscope lens has P numbers and shape changes, which depends on customer needs. The prisms reflected in the module are produced in glass or plastic, and each has its own advantages and are still under test.
In addition to mobile phone lenses, Lin Enping said that automotive optical modules have always been supplied to brand electric vehicles, but the specifications are not high. Among them, anti-Yao light solution is more important. The solution introduced by Daliguang has been used by car manufacturers so far. It is obvious that automotive optical modules must be combined with software solutions and certification, and the manufacturer's upgrade speed is relatively slow.
Daliguang also entered the application of AR/VR/MR optical products. Lin Enping explained that lenses like Pancake are relatively large and have low requirements for optical fineness. The key is to be friction-resistant and cannot have any damage points. Unlike general lenses that pay more attention to fineness, Daliguang's existing equipment can be done.
As for AR products, what the optical factory can do is to bond between the two lenses in front of you. In the past, Daliguang tried small lens fittings of plastic + plastic and small lens fittings of plastic + glass, but it will take some time before mass production of large lens optical fittings. The lenses used in VR are mainly for eye tracking. Even VGA is too high-end, and tens of thousands of pixels are enough.
Dalikong's first new factory in Taichung will be opened in the third quarter of next year. Lin Enping said that the construction project was slightly delayed due to shortage of work, but the progress was still grasped. As for the equipment, it was designated by the customer, and it could be handed over next year, which is mainly related to the lens business.
At the same time, Daliguang announced its second-quarter financial report, with gross profit margin rebounding to 55.8%, better than 53.38% in the first quarter. The net profit after tax was 4.946 billion yuan, a quarterly decrease of 10.28%, an annual increase of 67.09%, and a net profit per share was 37.06 yuan. The cumulative net profit after tax in the first half of the year was 10.458 billion yuan, an annual increase of 26.38%.
(Proofreading/xiao wei)
