Zhongrun Optical's performance in the first year of listing changed, for Huawei, Hikang, DJI lens suppliers

Listing is considered to be a new starting point for the development of enterprises, but for Zongrun Optics (688307.SH) it is the first to welcome the new test.

According to the 2023 annual performance report released by Zhongrun Optics on February 7, the company achieved revenue of about 379 million yuan during the reporting period, a year-on-year decrease of 6.23%; Net profit was 36.330,900 yuan, down 11.64% year-on-year.

The main business of Zhongrun Optics is optical lens manufacturing, accounting for 97.15% during the reporting period.

For the reasons for the decline in net profit, Zongrun Optics said that it was mainly affected by the increase in product categories and terminal application fields, R&D expenses remained at a high level, sales expenses and administrative expenses increased, and government subsidies decreased. However, with the change of product structure, the company's overall gross profit margin increased slightly.

According to the statistics of the Chaodian think tank, this is the first time in the past five years that the profit of Zhonggrun Optics has dropped. Obviously, after the company successfully listed on the Shanghai Stock Exchange's Science and Technology Innovation Board in February 2023, the first answer sheet was not ideal.

Founded in 2012, Zhongrun Optics is not only one of Huawei's suppliers, but also supplies optical lens products to industry leaders such as Hikvision, Dahua Shares, and DJI.

At present, the company's main products include digital security lens, drone lens, intelligent inspection lens, video conference lens, laser TV lens, intelligent car lens, smart home lens, intelligent projection lens, movie lens and other precision optical lenses.

At the beginning of listing, the total market value of Zhongrun Optics once exceeded 4.5 billion yuan, but it has shrunk by 40% to 1.734 billion yuan as of press release.

According to the data, the former Zhongxi Optics, the founding shareholder Zhu Framji had transferred his equity to Shen Zhimei and others, and the current chairman Zhang Pinghua was married to Shen Zhimei, which laid a strong foundation for Zhang Pinghua to go from behind the scenes to the stage.

The prospectus pointed out that in 2018, Zhang Pinghua and Shen Zhimei dissolved their marriage. According to the reply to the IPO inquiry of Zhonggrun Optical, Shen Zhimei voluntarily gave up the equity division of the company, and the company's equity was fully allocated to Zhang Pinghua, and the two sides had no objection to the equity division arrangement.