As an important part of the camera, the lens industry has long been in a state of high-end monopoly. Apple's lens supplier Dali Liguang has achieved monthly shipments of more than 70 kg, while the second place of Sunny Optical is less than 50kk. The three of us are only 20kk in the beginning! However, despite this, but with the gradual deployment of 3D camera applications in the market, companies entering the camera lens industry continues to increase, prompting the pattern of the field is expected to fusion!
Yu Jingguang as Apple's front camera lens supply chain, which is also trying to snatch the post-order, from the current point of view, in addition to Dali and Gao Wei Electronics to provide the lens for Apple, Yu Jingguang, Foxconn, AAC Technology, odd King, etc. are peeping at Apple's order! The Shine Group is mainly targeted at OPPO, vivo and other non-Apple mobile phone manufacturers!
Snatching Apple Lens Orders Foxconn Takes 53.5% of Kangdazhi
In 2016, it was a key year for Foxconn. With the acquisition of Sharp, it was a gravitational attack in key components and the camera lens market became an important target. According to the market, as Hon Hai continues to integrate its global resources through the rush of emptiness, it is trying to achieve full autonomy in important parts and components markets.
It is understood that Sharp’s Kang Dazhi has been a lens supplier for Japanese mobile phone makers since 2002. For a long time in the past, Kang Dazhi was reluctant to be controlled by Apple, and even if orders came in, they were reluctant to expand production. Until 2016, Kang Dazhi entered the apple supply chain for the first time!
Mobile phone camera market: all manufacturers are in the layout
According to Kangdazhi’s headquarters, Kangdazhi will significantly expand production in Lianyungang this year. According to Morgan Stanley’s report, Kang Dazhi will expand production by 30% this year and expand production by another 50% next year. Taiwan’s media pointed out that “Kang Dazhi’s expanded production capacity in the Xinpu Economic Development Zone will supply iPhones through Sharp and Hon Hai.” Kang Dazhi has also become Tesla's lens supplier.
At the same time, Hon Hai also invests in various new lens technology teams everywhere, in addition to the lack of focus on the light field camera technology, but also invest in the next generation of lens technology, Lens Vector, the representative lens of liquid crystal lenses, and the Israeli dual-lens technology company Corephotonics According to a general manager of an optical factory, Hon Hai has set up two lens development teams in Taipei and Hsinchu in Taiwan this year, and has also invested in the lens mold factory Zhong Yang Optoelectronics.
In addition, on the evening of March 24 this year, Hon Hai invited Tsinghua, Co-Chair of the Berkeley Shenzhen School and Professor Chang Ruihua of the University of California Berkeley to speak at the Longhua Plant in Hon Hai, and also asked all participants to sign a confidentiality agreement. Violators will be fined NT$5 million. Almost the new technology of the lens industry in the world, Hon Hai is interested in investing, because in the future, whether it is industrial robots, drones, and ultimately the lens, How can Hon Hai be absent?
From the beginning of 2017 to the beginning of 2017, according to the Honghai Investment Sharp announcement, it is expected that Contamin’s convertible corporate bonds will be converted into shares on January 1 next year, and Sharp’s shareholding in Kangdazhi will increase from the current 44.3% by then. To 53.5%, it is equal to the official acquisition of Kangdazhi's dominance. The outside world also believes that the goal of the Hon Hai Sword is to stand out.
It is understood that Sharp currently holds 44% of Contamin’s holdings, which was obtained in December 2016. Later, it bought approximately RMB1 billion (approximately NT$260 million) from Kanazawa Corporation, a Japanese general trading company. Convertible corporate bonds. Hon Hai, vice president of Hon Hai and president of Sharp, Dai Zhengwu disclosed in an open letter to employees at the end of last year that they will continue to plunge into electronic components. In addition to Sharp's continuous sprint of OLEDs, another electronic component is the camera lens.
According to the legal person, Sharp holds 44% of Kangdazhi’s shares. In other words, after Hon Hai’s integration with Sharp, it also means that Kang Dazhi was taken over. Although industrialists believe that from a production perspective, Daliguang’s production capacity will be about 1.1 billion in 2015, and Kangdazhi will only be about 200 million, which is basically not a threat to Dali. However, the legal person pointed out that if Sharp continues to invest in Kang Dazhi, it may allow the company's production capacity to continue to expand, with Hon Hai's strongest cost control strategy, even if Kang Dazhi can not completely replace Dali, but to shake Da Liguang in the apple supply chain The status is not impossible.
3D Camera Initiates Lens Industry Fusion Wonders/Audio/Ophelia Intensifies Lens Market
From the perspective of 2017, both Wonderscape and AAC Technologies are very eye-catching in the lens market! Some time ago, according to market sources, Xiaomi and OPPO will launch 3D cameras in smart phones next year, which will be used for 3D face recognition. In fact, it has long been reported that millet OPPO and vivo originally planned to release mobile phones equipped with 3D sensors and advanced facial recognition in the fourth quarter of this year. However, due to the lack of supply of 3D cameras, they had to postpone until the first half of next year.
Driven by Apple, a large number of domestic camera industry enterprises are vigorously deployed, such as AAC Technologies, Dali Light, Haoyu and ASM, and Xili, each program has its own advantages and disadvantages. AAC Technologies focuses on hybrid lenses, glass wafer-level lenses are extremely advantageous, and Dali Optical has advantages in plastic lenses, but it also has glass production capacity; Sunny Optical TOF, Speckle Structured Light, and Coded Structure Light are all three mainstream solutions. Mass production; ASM wafer-level lens has obvious advantages, is the front 3D sensing WLO wafer level lens supplier of iphone X.
In fact, as early as September 30, Qualcomm and Qijing jointly announced that they will combine the two technologies together to launch the Slim (Structured Light Module) 3D camera overall solution. The product is expected to be produced in the first quarter of next year. Wonderful said that cooperation with Qualcomm will accelerate the development of high-resolution, low-power and active 3D depth sensing camera systems, providing computer vision functions including face recognition, 3D reconstruction and scene perception, and can be applied to mobile devices. , Internet of Things, Security Monitoring, Automotive, Augmented Reality (AR) and Virtual Reality (VR).
For WLO capacity, Wonderscape will also build a new plant near the headquarters of the Wonderland Tainanshu Valley Park. It will mainly accommodate the 8-inch glass WLO product line, the next-generation 12-inch wafer LCOS, and provide urgent needs. With additional office space, the new plant will be completed by the beginning of 2018, and the new WLO capacity is expected to increase gradually in the third quarter of this year.
And Acoustic Technology is also in the market for overweight optical lenses! According to AAC Technologies, “We are vigorously developing optical and other non-acoustic businesses. We believe that the future revenue and share of this area will continue to increase and should exceed 50%.”
For the optical business, it also said: "We have no clear target for the moment, the optical business continues to grow, we will also accelerate the investment in related fixed assets, increase the revenue generated by this business, the absolute amount and proportion of optical business It will definitely grow, and hopes to increase sales by no less than 25% next year."
In addition, it also emphasized: "We will adjust capital expenditures when necessary. In the fourth quarter, we will increase capital investment by about 200 million yuan. In the future, we will also increase capital expenditures, mainly in the optical and acoustic aspects. , Stereo design and waterproof function to promote the single machine price increase, probably brings 30% to 50% price increase. Optical now the company has 10 million sets of lens production per month, the goal is that the lens production capacity can be doubled."
As we all know, Ophelia is the leader of the module, and the shipments in the camera module and fingerprint module market far exceed those of other manufacturers. From the perspective of its business segment, its business is divided into two major business groups: consumer electronics and smart cars. Among them, the consumer electronics business group includes touch display modules, camera modules, and fingerprint identification modules. The smart automotive business group includes Intelligent control, ADAS and body electronics three business.
According to its report released in the third quarter of 2017, the operating income in the first three quarters was 24.5 billion yuan, an increase of 29% year-on-year; the net profit was 1.02 billion yuan, an increase of 80%; the non-net profit was 790 million yuan, a year-on-year increase of 58%; gross profit margin 12.59%, a year-on-year increase of 1.57 percentage points. In the third quarter of 2017, operating income was RMB 9.3 billion, an increase of 17% year-on-year; net profit was RMB 0.4 billion, an increase of 102% year-on-year, deducted non-net profit of RMB 380 million, an increase of 97% year-on-year, and gross profit margin was 13.14%, representing a year-on-year increase of 3.61. Percentages.
For the third quarter, revenue growth slowed down, according to Ou Feiguang, mainly because the company's LCM business is adjusting customer and panel resources, and its revenue in the third quarter has decreased year-on-year. The LCM business itself is a service that is developed to enhance the customer's stickiness and has a low profit margin. The company will focus its energy and resources on key businesses such as optical imaging.
The camera business segment has developed and will continue to be the main engine for the company’s rapid growth. The high-end dual-camera started to take heavy volume and fully break through the main models, with a single camera customer and product structure adjustment effect. Guangzhou Imaging Company was driven by the pace of customer stocking, and capacity utilization continued to increase. 3D camera locks upstream Scarce algorithm resources Mantis Vision Corporation builds a complete industrial chain from upstream algorithms to downstream modules, gains first-mover advantage in the Android camp and builds higher competition barriers.
According to it, the dual-camera business has been growing rapidly with the penetration rate of the industry, and the yield rate has continued to increase, which has led to a significant increase in the gross profit level of the overall business of the camera. At present, the progress of domestic customers has been smooth, mainstream customers have entered, and there are differences in the proportion of different brands and product lines. In addition, it also stressed: "The current double price pressure is relatively small, because the overall shipments are not large and the degree of product customization, the industry penetration rate is expected to be around 20% this year, will be higher next year."
In the lens market, Ophelia has also set up a camera lens manufacturer since 2017. It is said that the annual production capacity will reach 60 million! From Ophelia's point of view, its extension to the lens market will undoubtedly benefit the industry's integration! As a whole, with the gradual emergence of 3D camera market applications and the high concentration of the camera industry, more and more companies have joined the lens market, and the market's profit margin is relatively higher, and the entire market is experiencing a lot of competition. status!