Lante Optical's Multi-Business Collaboration Drives Revenue and Net Profit Growth by 2025

Staff Reporter Feng Sijie

On February 26, Zhejiang Lante Optical Co., Ltd. (hereinafter referred to as “Lante Optical”) released its 2025 performance forecast. During the reporting period, the company achieved revenue of 1.536 billion yuan, a year-on-year increase of 48.52%; net profit attributable to shareholders of the parent company was 387 million yuan, a year-on-year increase of 76.09%; and non-recurring net profit was 379 million yuan, up 75.93% year-on-year.

During the reporting period, Lante Optical remained focused on its core business, leveraging its accumulated advantages in key customer groups and diversified product layout to seize industry development opportunities, resulting in rapid performance growth. Among its optical prism business, the demand for micro-prism products used in periscope camera modules for smartphones continued to expand, creating additional performance growth. The glass aspheric lens business benefited from the expansion of downstream markets in automotive electronics, optical communications, smartphones, and handheld imaging devices, leading to a significant increase in product sales. The glass wafer business also saw rapid growth, benefiting from deeper strategic partnerships with major clients and the ongoing expansion of downstream demand driven by cutting-edge technology applications.

Previously, during multiple investor exchanges, Lante Optical repeatedly mentioned strong demand for glass aspheric lenses. Emerging fields such as optical modules and automotive lidar are also experiencing rapid development.

Xing Xing, Chief Economist at Jindonghui Enterprise Management Development (Beijing) Co., Ltd., told Securities Daily: “In the downstream applications of glass aspheric lenses, demand in the optical communication sector is growing the fastest. The construction of AI computing power continues to accelerate, and high-speed optical modules are entering a phase of large-scale volume, directly boosting demand for high-precision optical components upstream. The industry is experiencing a tight supply-demand balance, with high certainty and sustainability in growth. The automotive lidar sector is also in a rapid growth phase, benefiting from the popularization of autonomous driving solutions, with considerable demand growth. However, due to the pace of vehicle model penetration and cost reduction, there are more obvious short-term fluctuations. Based on technological iteration, downstream capital expenditure, and order continuity, the optical communication sector currently leads in growth and has more rigid prosperity, making it the core high-growth engine for glass aspheric lenses.”

Lante Optical revealed that the downstream demand for glass aspheric lenses’ capacity is still rapidly increasing. Regarding capacity planning, with the successful implementation of the “Annual Production of 51 million Glass Aspheric Lenses Technical Transformation Project” in 2024, the company is also maintaining planning for key equipment pre-stocking, enabling short-cycle capacity expansion. Most customers with significant capacity demand growth for glass aspheric lenses are strategic partners with long-term cooperation, and the company will continue to arrange capacity expansion in an orderly manner based on market demand guidance.

In addition to domestic capacity deployment, in January this year, Lante Optical announced overseas investment plans in Singapore and Malaysia.

On January 6, Lante Optical announced that to further deepen international industrial chain collaboration, enhance synergy with overseas customers, and better respond to the increasingly complex international trade frictions, the company plans to invest overseas, establish a subsidiary in Singapore, and set up a branch in Malaysia, with an investment amount not exceeding $60 million.

Qian Xiangjin, Distinguished Professor at Zhejiang University School of Management, believes that Lante Optical’s layout in Singapore and Malaysia is a strategic choice for global supply chain and long-term value management, far beyond capacity expansion.

“From the perspective of supply chain security, Southeast Asian bases can disperse geopolitical risks, be close to overseas key customers, shorten delivery cycles, and improve response efficiency, thereby consolidating long-term cooperation stability; from an operational efficiency standpoint, local industry support and cost advantages help optimize global capacity structure and enhance profitability and risk resistance of high-end manufacturing; from an international competitiveness perspective, Singapore’s global platform and Malaysia’s manufacturing base complement each other, helping the company upgrade from domestic high-quality suppliers to a multinational optical enterprise with global delivery capabilities, opening up space for long-term growth,” Qian Xiangjin said.

(Editor: Sun Qian)