“车载光学是公司重点发展的方向，目前主要聚焦在车载镜头、抬头显示（HUD）和车载激光雷达光学件等产品线，预计该板块业务今年将快速增长。”
这是3月21日宇瞳光学（300790.SZ）发布投资者关系活动记录表时公开的信息。
3月17日，宇瞳光学接受了114家机构调研，机构类型为QFII、保险公司、其他、基金公司、海外机构、证券公司、阳光私募机构。根据其发布的年度业绩预告显示，2022年实现净利润在1.2亿至1.6亿元之间。
公开资料显示，宇瞳光学是一家专业的光学解决方案提供商，立足光学镜头行业，为安防、消费电子、车载、机器视觉等领域提供产品与服务。
安防市场回暖预计下半年有较快增长
作为中国智慧城市建设推荐品牌、安防行业创新奖、中国安防十大新锐产品奖、中国安防百强企业等多项荣誉获得者，通过多年发展，宇瞳光学已经成为安防监控镜头行业的优势企业。
在本次调研问答中，宇瞳光学表示，去年底疫情防控取得决定性胜利，社会生产生活秩序完全恢复正常，预计2023年安防市场将实现恢复性增长。全年可能表现为前低后高的态势，即上半年表现一般，下半年增长较快。
在新的业务增长点方面，宇瞳光学安防一体机产品预计增长较快；通过多年培育境外客户有所突破，今年外销占比预计增加；此外，宇瞳光学的玻璃非球面镜片获得较大订单，从产品结构、客户结构方面将得到改善。
根据潮电智库了解，受库存及大环境影响，2022年安防产品市场表现比较疲软，但有望在今年重回增长轨道。一方面，欧美发达国家近年的安防视频监控市场保持了较快增长，且已进入产品“高清化、网络化、智能化”的升级换代阶段。另一方面，随着IT通讯、生物识别等相关技术进步，中国、印度、巴西等新兴经济体的安防视频监控市场需求迅速扩大。
作为安防视频监控重要光学组成器件，光学镜头市场也将迎来新的增长周期。
相关调研报告显示，2021年全球监控镜头出货量达4.4亿颗，预计2025年出货量可增至5.5亿颗；销售收入将从2019年的8.2亿美元增至2025年的17.5亿美元。
从发展趋势分析，目前全球市场更加青睐高品质、价格合理的产品，目前2MP分辨率镜头依旧占据市场主导地位，但高像素镜头将成为未来的发展趋势。
车载光学进展迅速已与国内外头部客户展开合作或接洽
自2021年正式进入车载领域之后，宇瞳光学该板块业务进度一直受到高度关注。
去年7月，宇瞳光学受让了玖洲光学原股东20%股权，完成工商变更并更名为宇瞳玖洲。宇瞳玖洲已经获得较多定点及中标大额订单，涵盖国内主流Tier1及部分海外头部客户。目前产品以环视、舱内监控镜头为主，ADAS镜头将在年内陆续量产。当前车载镜头产能约200万颗/月，宇瞳玖洲已经规划布局3个生产车间，后续视市场和订单情况适时扩产，可布置产能约700万颗/月。
HUD是宇瞳光学的新业务，目前主要以AR-HUD为主的相关光学配件和部分深加工组装产品，已获得多个项目定点，将实现批量供应。
车载激光雷达产品形态是以光学组件、部分组装+测试为主的合作模式，也是宇瞳光学的新业务，目前与国内激光雷达主流厂商接洽频繁，多数产品尚处于送样验证阶段，部分产品已经实现小批量供货。
宇瞳光学表示，车载激光雷达光学组件及HUD自由曲面产品已经获得几个车厂项目定点，按照现有条件不会存在产能瓶颈，并可随市场需求弹性快速调整产能规划。
According to 114 institutions researched and investigated, Yutong Optical will focused on the vehicle optics
“Car Optics is a key development direction for the company, currently focusing on product lines such as car lenses, head up display (HUD), and car lidar optics. It is expected that the business in this segment will grow rapidly this year.”
This is the information disclosed on March 21 when Yutong Optics (300790. SZ) released the investor relationship activity record form.
On March 17, Yutong Optics accepted a survey of 114 institutions, including QFII, insurance companies, others, fund companies, overseas institutions, securities companies, and Sunshine Private Equity. According to its annual performance forecast, it achieved a net profit of between 120 million and 160 million yuan in 2022.
According to public information, Yutong Optics is a professional optical solution provider based in the optical lens industry, providing products and services for security, consumer electronics, automotive, machine vision, and other fields.
1. The security market is recovering and is expected to have a rapid growth in the second half of the year
As a recommended brand for China’s smart city construction, the Security Industry Innovation Award, the Top 10 Emerging Products Award for China’s Security, and the Top 100 Security Enterprises in China, Yutong Optics has become a leading enterprise in the security monitoring lens industry through years of development.
In this research Q&A, Yutong Optics stated that at the end of last year, the epidemic prevention and control achieved a decisive victory, and the social production and living order completely returned to normal. It is expected that the security market will achieve restorative growth in 2023. The whole year may show a trend of low performance in the first half of the year and high performance in the second half.
In terms of new business growth points, Yutong Optical Security Integrated Machine products are expected to grow rapidly; Through years of cultivating overseas customers, the proportion of overseas sales is expected to increase this year; In addition, Yutong Optics has received a large order for its glass aspherical lenses, which will be improved in terms of product structure and customer structure.
According to Electrend, due to the impact of inventory and the overall environment, the market performance of security products in 2022 was relatively flat, but it is hopeful to grow this year. On the one hand, the security video surveillance market in developed countries in Europe and the United States has maintained rapid growth in recent years, and has entered the upgrade stage of “high-definition, networked, and intelligent” products. On the other hand, with the progress of related technologies such as IT communications and biometrics, the demand for security video surveillance in emerging economies such as China, India, and Brazil has rapidly expanded.
As an important optical component of security video surveillance, the optical lens market will also usher in a new growth cycle.
According to relevant research reports, the global shipment volume of surveillance cameras will reach 440 million in 2021, and it is expected that the shipment volume will increase to 550 million in 2025; Sales revenue will increase from $820 million in 2019 to $1.75 billion in 2025.
From the perspective of development trends, the global market currently prefers high-quality and reasonably priced products. Currently, 2MP resolution lenses still dominate the market, but high pixel lenses will become the future development trend.
2. Rapid progress has been made in automotive optics, and cooperation or contact has been initiated with domestic and foreign head office customers
Since officially entering the automotive field in 2021, the business progress of Yutong Optics has been receiving high attention.
Last July, Yutong Optics transferred 20% of the original shareholder’s equity of Jiuzhou Optics, completing the industrial and commercial change and changing its name to Yutong Jiuzhou. Yutong Jiuzhou has received a large number of targeted and bid-winning orders, covering domestic mainstream Tier1 and some overseas head customers. Currently, the main products are ambient view and cabin surveillance lenses, and ADAS lenses will be gradually mass produced within the year. Currently, the production capacity of vehicle mounted lenses is about 2 million units per month. Yutong Jiuzhou has planned to arrange three production workshops, and the production capacity can be arranged to be about 7 million units per month based on market and order conditions.
HUD is a new business of Yutong Optics. Currently, it mainly focuses on AR-HUD related optical accessories and some deep processing and assembly products. It has obtained multiple project locations and will achieve batch supply.
The vehicle borne laser radar product form is a cooperation mode mainly based on optical components, partial assembly, and testing. It is also a new business of Yutong Optics. Currently, there are frequent contacts with mainstream domestic laser radar manufacturers, and most products are still in the stage of sample delivery verification. Some products have already achieved small batch supply.
Yutong Optics stated that the vehicular laser radar optical components and HUD free-form surface products have been selected by several vehicle factory projects. According to existing conditions, there will be no bottleneck in production capacity, and the production capacity planning can be quickly adjusted according to the elasticity of market demand.
