2020 “Yinhua Fund Cup” Sina bank financial planner competition, hot registration. From now on to September 7, you will receive free gift packages worth more than 700 yuan from Guan Qingyou, Luo Yuanshang and Chen Kaifeng. In the first half of the year, the company realized 15.568 billion yuan of operating revenue, a year-on-year increase of 37.05%; a net profit of 1.912 billion yuan, a loss of 156 million yuan in the same period of the previous year, and a year-on-year return to profit; after deducting the non recurring profit and loss, the net profit was 1.615 billion yuan, a loss of 353 million yuan in the same period of the previous year, turning the loss into profit; the basic income per share was 4391 yuan. < / P > < p > according to public data, lens technology is an electronic component manufacturing enterprise mainly engaged in R & D, production and sales of middle and high-end window protective glass panels and appearance protection new materials. Its business covers windows and appearance protective glass, sapphire, precision ceramics, precision metal, touch module, camera, key accessories, assembly, etc. The company made its initial public offering in March 2015 and listed on the gem. < / P > < p > in the first half of the year, Lance technology achieved double growth in revenue and net profit, among which, the company’s net profit and non net profit achieved a substantial turnaround. LANs technology said that in the first half of the year, the downstream high-quality customer demand was strong, the company’s orders were full, the production and sales of all kinds of products were booming, and the business performance increased significantly compared with the same period of last year, exceeding the business objectives of the first half of the year. In terms of main business, in the first half of the year, Lance technology achieved a sales revenue of 11.164 billion yuan for small and medium size protective glass products, an increase of 40.96% over the same period of last year, 2.329 billion yuan of large-size protective glass products, an increase of 40.22% over the same period of last year, and 1.853 billion yuan of new materials and other products, an increase of 9.01% over the same period of last year. The above three businesses accounted for 71.71%, 14.96% and 11.9% of the company’s operating revenue respectively. In its semi annual report, Lance technology disclosed that its customers include apple, Samsung, Huawei, oppo, vivo, Xiaomi and other electronic products manufacturing enterprises, as well as technology enterprises such as Tesla and Amazon. In the first half of the year, the sales amount of the company’s top five customers was 11.995 billion yuan, an increase of 48.19% over the same period of last year; the sales volume of the top five customers was 376 million pieces, an increase of 34.43% over the same period of last year. At the same time, according to the semi annual report, as of the end of the reporting period, the company incurred 217 million yuan of financial expenses, a year-on-year decrease of 53.24%, mainly due to the decrease of interest expenses and exchange losses; the net cash flow generated from operating activities was 2.541 billion yuan, a year-on-year increase of 46.92%, which was mainly due to the increase of cash received from sales of goods due to the increase of revenue. According to the financial reports of previous years, the net cash flow generated by the company’s operating activities has increased year by year, and the company still maintains relatively abundant cash flow. In addition, according to the semi annual report, the changes of the company’s monetary capital, accounts receivable, inventory and short-term loans have remained stable as a whole. However, it is worth noting that the company’s monetary funds are still unable to cover the short-term loans, and there may be a certain debt repayment pressure. < / P > < p > in addition, with the rapid growth of orders, lens technology has also started a new round of expansion. LANs technology said in its semi annual report that all major parks of the company have maintained full production status. As early as April this year, Lance technology released a fixed increase plan. The company planned to issue no more than 1.3 billion shares of the company to no more than 35 specific objects (no more than 30% of the company’s total share capital before the non-public offering), and raise no more than 15 billion yuan of capital. < p > < p > on July 1, Lance technology announced that the company’s application for non-public offering of shares was approved. According to the announcement, the raised funds will be used for the construction project of intelligent wearable and touch function panel of Changsha (No.2) Park (RMB 1.279 billion), the construction project of vehicle mounted glass and large size functional panel (RMB 4.252 billion), the construction project of 3D touch function panel and production supporting facilities (RMB 5.378 billion), and the industrial Internet industrial application project (RMB 2.091 billion), as well as the supplementary working capital（ In order to expand production capacity, increase new performance growth points and promote industrial upgrading. In its reply to the inquiry letter of Shenzhen Stock Exchange, Lance technology disclosed that more than% of the company’s product lines in the first half of the year. Among them, the capacity utilization rate of small and medium size protective glass is 95.20%, that of large size protective glass is 99.10%, and that of new materials and other products is 92.60%. In addition, as of the end of June, the amount of orders in hand for various products of the company was 19.247 billion yuan. The company expects that the order demand will further increase in the second half of the year. At present, all production lines are basically in full capacity production, which can not fully meet the demand of orders and customers. In a research report released on July 14, Changjiang Securities said that the recovery of downstream demand and Apple’s autumn new product launch are expected to officially open the 5g innovation cycle and boost the company’s annual performance. It is estimated that the EPS of lens technology in 2020 / 21 / 22 will be 0.97/1.17/1.32 yuan, with the target price of 42.74-44.68 yuan, maintaining the “buy” rating. In the secondary market, as of the end of August 17, Lance technology’s share price was 31.47 yuan / share, up 129.85% in the year.