The market is expected to remain stable in the second half of the year, with the layout of IoT, AR/VR and other new areas.

Due to the market malaise, the market is expected to remain stable in the second half of the year: the company realized 9.4 billion yuan (people's income) in the first half of 2022, an increase of 9.3% over the same period last year. The gross profit margin was 18.9%, down 9.2 percentage points from the same period last year. Profits totaled 350 million, down 62% from the same period last year, basically in line with expectations, mainly due to the decline in the mobile phone market and sluggish demand. The company's revenue from optical services reached 929 million in the second quarter, an increase of 24. 5% over the same period last year. 7%, thanks to the continuous improvement of the market share, the output of the company's optical module increased by 116. 5% in the second quarter compared with the same period last year. 6%. The conversion of gross profit margin is mainly due to the decrease in ASP and mold size caused by the increase in market prices, as well as the cost of storage equipment. The company realized revenue of 19. 01 billion in the second quarter, down 6. 4% from the same period last year, with a gross profit margin of 27. 5%. 7%, unchanged from the same period last year, North American customers.

It was stable that the decline in revenue was mainly due to the fatigue of the Android mobile phone market and the increase in the epidemic.

The company realized revenue of 1.43 billion in the second quarter from the same period last year, an increase of 17.4% over the same period last year, and its gross profit margin was 21.2%, which remained stable, mainly due to the continued increase in Android volume and revenue growth from precision equipment. Due to the expansion of new customers and sophisticated customers, the revenue of precision shopping increased by 40. 5% compared with the same period last year. The gross profit margin increased by 5.2 percentage points compared with the same period last year. We expect that with the continuous promotion of precision services and the continuous improvement of the permeability of the company's products, the proportion of revenue from electronic and magnetic transportation and precision equipment will continue to increase, which is expected to become a new growth point for customers. In addition, the company's Q2 Android has achieved a 49. 5% increase over the previous year. 4% of the recoverable RichTap solution has been approved by customers, the penetration rate has been steadily increased, and the annual output is expected to achieve rapid growth. The company realized annual MEMS revenue of 241 million in the second quarter, an increase of 1.3% over the same period last year, and its gross profit margin fell to 13. 2% from 15. 8% in the same period. 2%, the increase in revenue comes from the increase in market share. Although the company's overall performance in the first half of 22 was not satisfactory, we expect that the overall performance of the company will improve in the second half of the year compared with the first half of the year, and the overall performance of the company will be improved compared with the first half of the year.

The decoration bureau IoT, AR/VR and the brand new field, the target price is HK $17.00, maintain the level: when the downside of the former mobile phone market is strong, the company actively expands the new fields such as loT, AR/VR and brand, among which the brand learning business has made great progress, and has won a number of fixed-point projects, including integrated solutions, local handsets, audio and other different types of projects. Many types of customers, such as new power and overseas mid-and high-end automobile brands, are expected to receive more targeted projects in the second half of the year, which will continue to enhance their influence in the automotive market through the practical strength of technology. And the science of optics is another. With a huge increment, the company continues to increase its investment in resources and is expected to become the second longest line of the company in the future. We will grant HK $17.00 to the target label to maintain it at the next level.