6613.HK
300433.SHE
MiniMax does AI

Smartphone glass supplier Lens Technology Co. Ltd. (6613.HK; 300433.SZ) said on Monday its revenue rose 14.2% to 32.96 billion yuan year-on-year in the first half of this year. Its net profit jumped 32.7% to 1.14 billion yuan, while its profit excluding non-recurring gains and losses rose 42% year-over-year to 940 million yuan.

During the period, revenue from the company’s smartphone and computer segment reached 27.18 billion yuan ($4.61 billion), up 13% from a year earlier. Revenue from its smart vehicles and cockpits unit rose 16.5% to 3.16 billion yuan, and revenue from its intelligent head-mounted displays and smart wearables segment jumped nearly 15% to 1.65 billion yuan. The company noted revenue growth stemmed primarily from top-tier customers ramping up production on multiple new models.

Looking ahead, Lens Technology emphasized it will continue expanding its global manufacturing capacity, strengthening its vertical integration advantages from materials to modules to finished products, and diversifying its high-value-added product lineup.

Shares of Lens opened down 0.32% at HK$24.56 on Tuesday. The stock is up more than 30% from its listing price in July.

By Lau Chi Hang

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