ofilm year 2017 annual report：various businesses co-developed, innovation drove the growth
release time:2018-05-05
according
to the annual report released on april 24th, in 2017, ofilm achieved
33.79 billion yuan of revenue, the year-on-year growth was 26.34%, and the net
profit attributed to shareholders was 1.1 billion yuan, resulted in 40.47% of the
year-on-year growth.
in
2017, ofilm increased the investment in r&d to 1.76 billion yuan, which
accounted for 5.2% of our revenue, rose for 21.27% compared with the last year.
ofilm
seized the opportunity of the incremental market drove by advancement on innovation
in 2017. by rapidly improving our capacity and optimizing our industrial
structures through raising the investment in r&d and new product
development, we quickly enhanced the competitive advantage in the field of
micro-camera module, and achieved a steady business growth.
after more than 10 years’ development, ofilm has got
many outcomes in the field of optics and optoelectronics. on the basis of
strong execution, innovative product design and vertical-integrated industrial
chain, ofilm took a leading position in the industry. meanwhile, ofilm
accelerated the process of laying out the smart car business according to the
development trend, found a one-stop solution in the essential area of smart car
business and laid out in both the fields of optics & optoelectronics and
smart car, so that strive to become a globally leading enterprise with
high-technology platforms.
currently, ofilm
has two main sections of businesses, which are optics & optoelectronics and
smart car. the optics & optoelectronics section consists of three
businesses, including optical products, touch control & display products
and sensors. the smart car section includes hmi, adas and automobile
electronics.
optics and optoelectronics
ofilm
actively seized the opportunity of the development of mobile interaction
industry, took full advantage of our accumulated technical skills and pushed a
customer-oriented operating strategy. by applying independent innovation to
lead the upgrade of technological industrialization, increasing the investment
in r&d, strengthening interior management and steadily improving product
quality, we enhanced the leading position in the global optics &
optoelectronics industry.
optical products: vertical-integrated
camera industry chain, held the opportunity of technology innovation industry
as we made full use of our advantage of
optical innovation and design, the camera business grew rapidly with a steady
increase in global market occupation rate. ofilm continually optimized the
product structure of camera module business, thus the shipment proportion of
dual-camera module increased rapidly and supplied for an increasing number of
clients’ hot sale models.
touch-control and display: faced the
great market of flexible touch-control with accumulated edged touch-control
technology.
the business was laid out
vertical-integrated with highlighted scale effect. the yield of touch-control
products of international big customer improved steadily, while the
profitability increased continually.
sensors: researched technical solutions for full-screen
recognition to enhance the leading position in the industry.
we optimized the product structure, further highlighted
advantages of vertical-integrated industry, thereby improving net profit.
smart car
developed an
overall plan in the field of smart car and connected cars, thus formed a ‘two-wheel
driving’ new engine to push the co-develop of business structuralization and
upgrade the enterprise by technical innovation and business mode innovation.
hmi human-vehicle interactive system
excellent r&d teams were inducted and
sales teams to develop new customers.
adas advanced driving assistant system
nationally leading r&d team was
inducted to improve the systematical computing power. combined with the strong
foundation of products’ technical hardware, it was developing smoothly with
sufficient orders. among which, we had got appointed notices for
vehicle-mounted camera, rear view system, 360-degree viewing system and
auto-parking system, thereby gradually releasing profit of orders.
ecu vehicle devices
by acquiring tellus & linspector,
ofilm enriched product lines in the field of vehicle devices. on the basis of the
qualification of the former’s suppliers and excellent teams, we successfully
entered other product lines in this field, including light & rainfall
sensor, bus control and energy sources management.
in 2018, ofilm will take advantage of
the strength of innovative technology, enhance the gene of independently
innovation and execute the three-in-one research strategy. through extending
industry chain and increasing the proportion of high-end products, we will
gradually improve the overall profitability and the level of return on equity
while ensuring the continual steady increase of operation revenue.
the upcoming 5 years will be the golden
age for high-technological intelligent manufacture. ofilm will seize the
opportunity to forge the core competence of intelligent manufacture.
a glimpse on year 2017 ofilm annual report
stock
code: 002456
operating performance increases steadily
33.79 billion yuan of revenue, 26.34% of
year-on-year growth.
the net profit attributed to shareholders
was 1.1 billion yuan, resulted in 40.47% of year-on-year growth. the return on
asset was 11.79%, the per-share earnings was 0.38 yuan. the operating profit
was 0.96 billion yuan, increased 41.13% compared with the last year. the total
asset for 2017 was 30.84 billion yuan, resulted in 31.6% of year-on-year
growth.
performance drivers:
camera business grew rapidly with a steady
increase on global market share.
the shipment proportion of dual-camera
modules soared up, which contributed to the prominent improvement on ofilm’s
overall profitability.
the yield of touch-control business with
international big clients increased steadily, the profitability improved
continually.
as for the fingerprint recognition
business, we made advantage of the resource integration effect on industry
chain, so that highlighted the advantage of cost control and scale economy.
the layout of smart car business started to
work.
developed a variety of businesses, which brought
sufficient growth dynamic
optical section: vertical-integrated camera
industry chain, held the opportunity of technical innovation industry.
the revenue was 16.63 billion yuan,
increased 109.47% compared with the last year.the shipment volume was about 0.5 billion
with 70% of year-on-year growth. the capacity of single camera was around
60kk/month, while the capacity of dual-camera was about 15kk/month.
touch-control section:faced the great
market of flexible touch-control with accumulated edged touch-control
technology.
the revenue was 11.29 billion yuan,
increased 28.65% compared with the last year. the shipment volume was 0.22
billion with the capacity of 25kk/month.
fingerprint recognition module: researched
full-screen recognition solution, enhanced the leading position in the industry.
the revenue was 5.3 billion yuan, and the
shipment volume was 0.19 billion with the capacity of 32kk/month.developed an
overall plan in the field of smart car and connected cars, thus formed a ‘two-wheel
driving’ new engine to push the co-development of business structuralization
and upgrade the enterprise by technical innovation and business mode
innovation.the revenue was
0.31 billion yuan, with 23.96% of net profit.perfecting the globalized strategic layout with
overseas acquisition.
global branches map:
research centers were set up in the usa,
japan, korea and europe to attract excellent local technicians and approach the
newest technical information and industrial information.we kept close to globally edged technology
and invested in industries including biometrics, 3d image, arithmetic, ar/vr,
intelligent driving, lidar and touch-control feedback.investment in r&d increased, resulted in further
improvement in technical level.1.76 billion yuan was invested in r&d,
which accounted for 5.2% of the total revenue with the year-on-year growth of
21.27%. as of december 31，2017, ofilm had applied for 3944 patents in the worldwide and accredited 2051 pieces
of them, 754 pieces among which were patents for invention, 1274 pieces were patents
for utility models and the other 23 pieces were design patents.
prominent core competences:
r&d advantage: independent innovation
is the lifeblood of enterprises’ survival and development.an embedded mode of research and
development.talents of expert level and effective
incentive mechanism.perfect overseas branches and investment
layout
excellent customer resources:business concept of ‘all for customers’.accumulated product line with complete
varieties and reasonable structure.strong product design capability, fast
response to the market
cost control advantage:vertical-integrated industry line.highly automatic production line.stable and reliable supply ability with
scale advantage
excellent corporate culture:accurate strategic anticipation and power
of decision-making.strong execution power from top to bottom
enterprise honors
placed no.234 on the china’s top 500
enterprises list on fortune, jumped 43 places over the previous year.
listed in ‘china electronic information top
100 enterprise’ for successive five years, ranked no.28 in 2017, rose for 4
places.
forbes top 50 listed company in
asia-pacific area.
awarded the '2016 mayor quality award' and huawei ‘quality
excellence award'.
high return on investment for investors
assigned cash dividend of 0.56 yuan (tax
included) per 10 shares, totaled about 1.5 billion yuan.
future planning
global penetration rate of dual-camera is expected to
reach 60% in 2020, with the market size of dual-camera to be 75 billion yuan.
3d sensing brings a period of fast penetration in the
upcoming 5-10 years in camera-related industry chain.
entering into the amoled era, add-on film touch-control
solution will become the main stream setting.
in 2019, the penetration rate of amoled in smart phone is
expected to reach 40%.
in the trend of applying adas, the volume of camera is
expected to double its size and reach 68 billion yuan.
future strategy
optical products: single camera to dual-camera,2d image to 3d image,hardware to software hardware,thin size to mini size
industry development trend:
touch-control business: make use of the advantage of new
products and technologies, improve the capability of massive production for
full-fitting curved screen business.
biometrics: maintain the advantage of traditional
business, optimize our technology, expand its business application to more
areas.
smart car: strategic layout, increasing investment, to build
the second growing point after consumer electronics.
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