ZJLT Optical Technology Group is a leading international precision optical component technology company. Its main products include strip prisms, glass aspheric lenses, glass wafers, etc., and are strategic suppliers to well-known companies such as Huawei, Apple, AMS, and Corning.
Entered Apple's supply chain and achieved rapid growth
The long strip prism is the main product of ZJLT. It entered Apple's supply chain in 2017. Since the iPhone X, it has become the main supplier of its 3D structured light double-sided infrared reflective prism. Its shipments account for 80% of the total purchases of similar products of the AMS Group. %the above.
In 2019, the company's revenue from long strip prisms supplied to Apple accounted for 42%, with a gross profit margin of 54% and a net profit margin of 35%, and its profitability far exceeded its peers such as ZJSJ Optoelectronics Technology Group and SZOF Optoelectronics Technology Group.
Due to the good demand for the iPhone, the company's performance has grown rapidly. In the first three quarters of 2020, sales of strip prisms and display glass wafers have increased significantly, with revenue increasing by 39.9% year-on-year, and net profit attributable to the parent company up 58.5% year-on-year.
Apple is expected to upgrade its 3D structured light technology in 2021. The penetration rate of 3D structured light face recognition modules will continue to increase. The company's performance next year is expected to maintain a high growth rate.
High refractive index glass wafer
3D structured light products and periscope cameras continue to be booming. The processing of optical components based on semiconductor technology is regarded as a new direction, which has been applied in AR glasses diffraction/array optical waveguide display, WLO and other fields.
ZJLT is capable of mass production of high-refractive index glass wafers. The WLO production tooling glass wafer project has confirmed cooperation with customers and has become a glass wafer supplier for companies such as Corning and AMS.
The microprism business is still in the sample stage of downstream manufacturers, and the technology is strong and the future can be expected.
ZJLT has recently invested in the construction of a new production base mainly for expanding the production of microprisms (mainly used for mobile phone periscope cameras) and glass wafers (mainly used for AR glasses and semiconductors). Apple is the main target customer for this expansion.
Automotive optics market
In the process of ADAS upgrade, the increase in the number of automotive lenses, the promotion of lidar, and the introduction of HUD and welcome lights have become an important driving force for the growth of the automotive optics market.
ZJLT entered the automotive lens field with high-precision molded glass aspheric lens products in 2017, and became Sony's "green partner". In 18 years, ZJLT has deployed lasers, lidar and other applications, and is expected to seize the growth opportunities in the automotive optics market in the future.