Lens Technology reports strong 2024 revenue growth, plans share repurchase

Lens Technology (SZSE:300433) announced strong financial results for 2024, highlighted by a 28.27% year-over-year increase in revenue, reaching CNY69.9 billion. Net profit attributable to shareholders rose to CNY3.6 billion, a 19.94% increase compared to 2023. The company credited the strong performance to growth across all business segments, particularly in smart devices and automotive applications, driven by module assembly operations, and higher efficiencies from vertical integration.