According to the August 25 U Pupil Optics (300790.SZ) disclosed in the report shows that the company achieved revenue of 921 million yuan in the first half of 2022; net profit of 82.52 million yuan.

 

 

Yuyu optical in the acceptance of institutional unit research, said the first half of the macro environment, the traditional security market is slightly weak, the impact of this, revenue fell slightly over the same period last year, the net profit fell significantly because: (1) the company's 2021 implementation of the share incentive plan to confirm the share-based payment expense increased significantly over the same period last year; (2) the company continued to introduce R & D talent, strengthen management, sales (2) the company continues to bring in R&D talent, strengthen management and sales team building, and build up its development momentum, resulting in faster growth in employee compensation in sales, expenses, and R&D expenses; (3) the automotive vision subsidiary continued to invest in the first half of the year but has not yet produced any output.

 

"The performance of Yupu optical performance is relatively normal." A well-known security camera manufacturer executives Xu Sheng told Tide Electric Intelligence that with the basic completion of the hardware infrastructure, the market is difficult to see explosive growth in a short period of time, this year the whole security industry boom is not high.

 

Xu Sheng said, "5G + AI" on the development of security video surveillance has a positive role in promoting. The future of ultra-high definition, more intelligent application scenarios, will drive a new round of industrial upgrading of security.

 

Yuyu Optical is specialized in optical lens product design, research and development, production and sales of high-tech enterprises, products are mainly used in security monitoring equipment, car cameras, machine vision and other high-precision optical systems. Its core technologies are reflected in the lens design capability, structural design capability, product technology capability, product processing technology level, quality control level and many other aspects, including: glass-plastic hybrid optical system design and development technology, ghost and flare control technology, high precision inspection technology, optical lens defect simulation and feedback technology, automatic detection technology for visual resolution, non-linear CAM slot design technology for zoom lenses, plastic bonded lens technology, etc. design technology, plastic bonded lens technology, etc.

 

In addition to the main track in the security field, we are also actively expanding in other fields, especially in the automotive field, where we have invested a lot of energy and resources, including incubating and training automotive teams and acquiring Nine Continents Optical.

 

In particular, the acquisition of Nine Continents Optical was highly praised by fellow optician Han Chen (a pseudonym) as a strategic move on the part of Pupil Optics. "One is that Yupi leveraged Nine Continents Optical to enter the car track, greatly shortening the cycle of automotive certification, so it can seize the first advantageous position; second, Yupi's experience in large-scale production can be replicated in the field of car lenses, rapid start-up; third, this acquisition has a good location advantage. Being in the same city, the two sides will be more efficient in terms of resource coordination and communication."

 

In terms of products, Yupu Optics is already very complete in security and other niche areas, and will focus on developing pure optical products, especially automotive optical products, including LIDAR optical accessories, head-up display (HUD) optical components and intelligent lights. LIDAR optical accessories are mainly integrated prisms, mirrors, reflective receiving lenses, window mirrors, etc. HUD mainly includes C-HUD, W-HUD and AR-HUD, one of the most core accessories is free-form mirror. According to Tide Electric, three customers have started projects for LIDAR optical parts, and one of them has already started trial production and delivery.

 

According to Tidewater, while maintaining its current dominant position in the security and surveillance lens market, Pupil Optics is actively expanding into multiple fields. These strategic industrial layouts will enable the company to adapt to future market changes and gradually complete the transformation and upgrade of its optical industry structure.