Optical crystal: the Blue glass high visibility Video luxury goods Glasses flexibility

The Company announced the Annual Report of 2012: income of 5.9 billion, an increase of 36.8%, operating profit of 170 million, an increase of 19.9%, attributable to the listed companies net profit of 148 million, an increase of 21.2%, earnings per share of 0.59 yuan. Dividend plan: to be 10 to send 2 million every 5 shares. Notice: 13 years Q1 net profit year-on-year increase of 120-140%.

Benefit from a single power SLR OLPF and blue glass (1369,7.00,0.51%) filters rapid business growth, revenue in the second half of the company remain high, and the gross profit margin is higher quarterly basis. The company Q1 revenue of 093 million, 144 million, 181 million and 1.74 billion; net profit of 10,020,000, 33,400,000, 58,980,000 and 45,530,000 yuan; analysis Q2 performance improvement was mainly from yield improvement and capacity utilization rate of increase in Q3 and Q4 results improved from the amount of new customers on new products. Another noteworthy aspect is the trend in gross profit margin increased quarter by quarter, and were 35.7%, 40.1%, 47.2% and 56.4% (annual consolidated gross profit margin of 46.4%, 48.9%) in 11 years, quarter by quarter and 2011 formed in contrast to our analysis, the addition by the rapid income growth of the economies of scale, the company's new core customers is relatively high gross profit margin of blue glass business, 13-year gross margin is expected to continue to maintain a high level.

LED sapphire substrate projects on track and start profitable. 12 LED sapphire substrate income of 49.85 million yuan, an increase of 424%, the gross profit margin of 14.7%, net profit of 290 million yuan. Capacity flat sheet 200,000 / month, PSS5 000 pieces / month, 2 inches.
Smart phone with blue glass filter (IR-CutFilter) and SLR single electronic camera with an optical low-pass filter (OLPF) is still 13 years the highest growth drivers of visibility and certainty. SLR single power OLPF and package cover, as well as smart phone with blue glass filter 13 years will continue to be the highest visibility growth drivers, blue glass business customers enter the last year, is expected this year, Sunny Optical domestic customers shipments are expected to grow faster, become the most important incremental.

Is expected to become the next new strategic business based on micro-projection video luxury glasses. By photoelectric the shareholding subsidiary of Zhejiang Jiang Jingjing to enter the field of micro-investment in DLP and LCOS technology research and development. As Google Glass close to commercialization, we are highly optimistic about the company supporting optical components (such as Google [microblogging] prism glasses) field development potential in the video glasses, is expected to become the largest source of than-expected results.

Expected Q1 net profit year-on-year increase of 120-140% in 13 years. The company expects first quarter net profit of 13 years between 2000-2400 million, an increase of 120-140%, equivalent to earnings per share of $ 0.08-0.10.

Not consider the video glasses business, the company forecast earnings per share in 2013-15 0.94,1.34 and 1.75 yuan, an average annual growth rate of 43%. Maintain "highly recommended" rating, short-term target price of 40.2 yuan / share, corresponding to 2014 PE of 30 times.

Risk Warning: isabel marant berry boots lower than expected; SLR single power lower than expected; cartier love glasses commercialization of lower-than-expected

The IT x Coterie luxury Bottega Veneta glasses grand debut single product

IT Coterie of each round cooperation will give us surprises. As we all know The Coterie each paragraph of the introduction of a single product have been carefully selected, and domestic glasses lovers can come into contact with the first time the latest fashion glasses information. Coupled with the earlier sale of more than 10 brands, and this again brought from Italy's top luxury goods brand Bottega Veneta glasses a single product, fully demonstrates the diversity of IT and Coterie brands

BVLGARI Serpenti exclusive debut of eternal beauty glasses

BVLGARI charm, steeped in the history of the brand and the most representative of the serpentine logo, but also people preoccupied with the BVLGARI been respected "immortal beauty" concept. Serpentine pattern as the soul of luxury goods BVLGARI Serpenti jewelry series design has been is considered the most brand personality flags. A symbol of wisdom and vigor of the snake, as early as in the 1940s BVLGARI use in the first Serpenti watch bracelets. Exquisite handicraft unique design style serpentine pattern with BVLGARI brand perfect fusion, luxurious yet natural elegance, exudes beautiful, distinguished atmosphere. Serpenti series of by winds flowing serpentine body, and integration of handmade jewelry, glazed processes and gilded, so that it can be perfectly coiled wrist, giving eternal classic immortal flag and unmatched vitality.
The goddess indeed exist, but they know how to stealth in between where the female. Even so, some of the details or revealing their God. Filming "Cleopatra", Richard - Barton would like to become a symbol of eternal charm treasures with a to praise Elizabeth - Taylor's peerless glamorous this gift her a BVLGARI Serpenti series of bracelets. That happened in the past in 1963, BVLGARI Serpenti jewelry series until today manifested in people's minds with the originality of the goddess of the gas
Each transformation growth in general, BVLGARI BVLGARI Serpenti luxury goods glasses Series extracted lessons Serpenti jewelry classic elements like snake. To serpentine legendary universally known has been cleverly designed to create a pre-eminent position as the BVLGARI brand fortune in Rome, this ancient jewelry company, continue to write the most magnificent chapter

Bulgari luxury goods glasses fashion style

Glasses for myopia annoyance, it also can be used as a jewelry bring to our usual dress beautification. Bvlgari glasses provide us with a lot of options at this point. As the top luxury brand Bvlgari whether it is in any of its product line is excellence, strive for perfection. Bvlgari sunglasses can dispel the concerns of those who "mess", it is not only comfortable to wear, even if the sun is dazzling, you can believe it will give you excellent protection
The luxury goods Bvlgari sunglasses frame design is particularly pay attention to all styles are limited production, the use of color is quite not flow cliche. Frame surface tend bold and mature material, color, shape overall performance was very coordinated balance. Bvlgari glasses balanced blend of classic and modern features. It does not give up the pursuit of classical art, design style continuous innovation and discovery of new luxury goods Bulgari eyes design simple and fluent, stone setting and cutting clever, focusing on the use of color, efforts to show the details of the art and structure-loving sense of volume, linear symmetry, believe glasses Research lovers, choose BulgariThe glasses can eliminate any hesitation.