Jiuzhou Optical's performance and market outlook

Jiuzhou Optics made a cumulative profit of 10.72 million yuan in April this year, and its full-year revenue is expected to increase by 65%. The company is highly competitive in the automotive lens market, with a global shipment share of 4.1% in 2023, ranking fifth. It is expected that Jiuzhou Optics' ADAS lens revenue will reach 400 million yuan and profit will be 40 million yuan for the whole year, but the profit is conservatively estimated to be 30 million yuan.