Lens Technology (LENS) will table 11 resolutions at its annual general meeting on 8 May 2026, alongside the release of full-year 2025 results and a dividend proposal. Key points are as follows:
Financial performance • 2025 revenue rose 6.46% year-on-year to RMB74.41 billion, driven by steady growth in smartphone & computer, smart vehicle cockpit and smart wearable segments. • Net profit attributable to shareholders increased 10.87% to RMB4.02 billion; net profit margin improved to 5.40%. • Net profit after non-recurring items reached RMB3.83 billion, up 16.71%. • Basic earnings per share climbed 8.22% to RMB0.79. • Operating cash flow grew 5.29% to RMB11.47 billion. • Total assets stood at RMB84.34 billion (+4.10%); the gearing ratio decreased to 34.68% (-5.03 ppts).
Dividend proposal • The board recommends a cash dividend of RMB0.45 (tax-inclusive) per share, equivalent to HK$0.051027 per H share, subject to shareholder approval. • Record date for H-share holders is 22 May 2026; payment is expected on or before 6 July 2026. • The board also seeks authority to determine an interim dividend for 2026, capped at the interim net profit attributable to shareholders.
Key AGM resolutions • Amendments to the Articles of Association and Independent Director Working Rules to rename the Strategy Committee as the Strategy and Sustainable Development (ESG) Committee. • Re-appointment of Pan-China Certified Public Accountants (A-share and internal control auditor) and Deloitte Touche Tohmatsu (H-share auditor) for 2026. • Adoption of a new Remuneration Management System; performance-based pay must account for at least 50% of total cash remuneration. • 2026 remuneration plan: executive directors and senior managers to receive basic salary, performance pay and incentive plans; independent directors continue on a fixed allowance plus meeting-attendance subsidy. • Provision of guarantees for subsidiaries up to RMB35.50 billion and USD100 million, valid until the 2026 AGM. • General mandate allowing the board to issue up to 20% of the existing H-share capital (maximum 60.32 million new H shares). • Special report on the management and use of the RMB14.91 billion proceeds from the 2020 private placement: RMB1.40 billion invested during 2025; remaining RMB1.56 billion held in designated accounts or temporarily used as working capital.
Operational highlights • R&D spending rose 3.08% to RMB2.87 billion, underpinning advances in foldable UTG glass, AI server components, humanoid-robot parts and aerospace-grade materials. • Cash and bank balances totalled RMB9.82 billion at year-end, while total liabilities fell 9.07% to RMB29.25 billion.
Key dates • AGM: 8 May 2026, Changsha, Hunan. • H-share register closure for AGM: 5–8 May 2026. • Record date for dividend: 22 May 2026; register closed 19–22 May 2026.
If all resolutions are approved, Lens Technology will maintain its dividend track record, reinforce ESG governance, and retain financial flexibility via the new share issue mandate and subsidiary guarantees.
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