Android phone manufacturers cut orders for 170 million units? Lens Technology's response: normal production and operation

June 22, 2022

Core tip: Previously, industry analyst Ming-Chi Kuo broke the news that Android mobile phone manufacturers cut orders for 170 million units this year, but supply chain manufacturer Lens Technology stated that production and operations are normal.
Previously, industry analyst Ming-Chi Kuo broke the news that Android mobile phone manufacturers cut orders for 170 million units this year, but supply chain manufacturer Lens Technology stated that production and operation are normal.

On June 21, an investor asked Lens Technology on the interactive platform: "According to reports, some mobile phone manufacturers have cut orders in the supply chain, has the company received a notification of the reduction of orders from mobile phone manufacturers?" Lens Technology said, The company's production and operation are carried out normally, and there are no major events that should be disclosed but have not been disclosed.
Lens Technology will achieve revenue of 45.3 billion yuan in 2021, a year-on-year increase of 23%; a net profit attributable to the parent company of 2.07 billion yuan, a year-on-year decrease of 58%; a non-returned net profit of 1.24 billion yuan, a year-on-year decrease of 72%; Cash flow was 6.04 billion yuan, down 20% year-on-year.

In April this year, well-known analyst Ming-Chi Kuo broke the news that China's major Android phone brands have cut orders by about 170 million units this year, accounting for 20% of the original 2022 shipment plan. If consumer confidence continues to decline, the next few months Orders may be reduced again.

However, Guo Mingchi recently revealed that domestic mobile phone manufacturers have cut orders for more than 200 million mobile phones this year, and Samsung, which is also in the Android camp, has lowered its mobile phone shipment target this year by about 10%.

A few days ago, the China Academy of Information and Communications Technology released the latest data. From January to May, the total shipments of mobile phones in the domestic market totaled 108 million units, a year-on-year decrease of 27.1%. Among them, 5G mobile phone shipments were 86.207 million units, a year-on-year decrease of 20.2%, accounting for 79.7% of mobile phone shipments in the same period.