On August 24, Rasonic Technology (2018.HK) announced its 2022 interim results. in the first half of 2022, Rasonic Technology achieved revenue of RMB 9.41 billion, an increase of 9.3% year-on-year, gross margin of 18.9% and net profit of RMB 350 million.

 

 

In the second quarter, Rexon Technology achieved a steady increase in market share across multiple product lines, achieving revenue of RMB 4.52 billion, up 4.6% year-over-year.

 

Optical first-half revenue up 24.7% year-over-year

1G5P and 1G6P glass lenses continue to ship deliveries

 

On the optics front, Rexon Technology's optics business achieved revenue of RMB 1.85 billion in the first half, up 24.7% year-over-year, with second quarter optics segment sales up 14.9% year-over-year to RMB 929 million. Currently, Rasonic Technology is working with a number of cell phone terminal manufacturers to promote the verification of glass-plastic hybrid lens solution, 1G5P and 1G6P products continue to ship and deliver. The module business continues to gain market share, with shipments of optical modules improving 116.6% year-over-year in the second quarter. Meanwhile, the VCM production line has started operation and shipped small batch verification for customers.

 

 

Vehicle acoustics business is progressing well

Has been awarded a number of targeted projects

 

 

In acoustics, RuiSheng Technology's acoustics business achieved revenue of RMB 4.14 billion in the first half of the year. Second quarter acoustics segment sales of 1.91 billion yuan, gross margin of 27.7%. In-vehicle acoustics business is progressing well, RuiSound Technology has been awarded a number of targeted projects, including overall solutions, local speakers and tuning and other different types of projects, covering traditional car companies, new forces and overseas high-end automotive brands and other types of customers, is expected to get more targeted projects in the second half.

 

 

Haptic solutions into the supply chain of head VR products

Second quarter precision structural parts revenue increased 40.2% year-on-year

 

 

For electromagnetic transmission and precision structural components, Rising Technology achieved revenue of RMB 2.93 billion in this consolidated segment in the first half of the year. Sales of this consolidated segment increased 17.4% year-over-year to RMB 1.43 billion in the second quarter, with a gross margin of 21.2%, due to the continued increase in Android motor shipments and a significant revenue contribution from Dongyang Precision. Android motor shipments improved 49.4% YoY in the second quarter, and haptic solutions have been successfully introduced into the global head VR product supply chain. In addition, due to the expansion of new customers and the contribution of Dongyang Precision, the revenue of Rising Technology's precision structural parts business in the second quarter increased by 40.2% compared to last year, and the gross margin improved by 5.2 percentage points compared to last year.

 

 

Sensor and semiconductor business revenue of 479 million yuan in the first half

To IOT, TWS, automotive and other new areas of expansion

 

 

In terms of sensors and semiconductors, Rasonic's sensors and semiconductors business achieved revenue of RMB479 million in the first half of the year, with revenue increasing 1.3% year-over-year to RMB241 million in the second quarter. Management expects the module to continue to increase its market share this year and continue to expand in the IoT, smart home, wearable devices, automotive and other markets while maintaining a high market share in the cell phone business.

 

Rising Sound Technology management said that in the long term, the upgrade of the smart device solutions market remains promising. Rising Sound Technology will continue to increase its market share with its existing customer network, providing customers with a portfolio of leading quality, comprehensive technical support. In the future, Rasonic Technology will continue to reduce costs and increase efficiency, improve the quality of operations, management as a core competency to build, to build the group's ability to continue to evolve, to achieve diversified business development, and to create maximum value for shareholders.