---
title: "Brief News: Core business demand declines, Lens reports a loss in the first quarter"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282943920.md"
description: "Lens Technology Co., Ltd.; announced its Q1 2023 performance, with revenue decreasing by 17.13% year-on-year to 14.14 billion yuan, and a net loss of 149.6 million yuan, compared to a profit of 429 million yuan in the same period last year. After deducting non-recurring gains and losses, the net loss was 174 million yuan, with financial expenses surging to 252 million yuan, mainly due to exchange losses. The company stated that the decline in performance was affected by weakened demand in its core business, with reduced revenue from smartphones and computers. The stock price opened lower on Thursday, reported at HKD 16.88, down 14.14%"
datetime: "2026-04-16T05:41:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282943920.md)
  - [en](https://longbridge.com/en/news/282943920.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282943920.md)
---

# Brief News: Core business demand declines, Lens reports a loss in the first quarter

Mobile glass supplier **Lens Technology Co., Ltd.** (6613.HK; 300433.SZ) announced on Wednesday its performance for the first quarter of this year, with revenue declining 17.13% year-on-year to RMB 14.14 billion (USD 2.074 billion), recording a net loss of RMB 149.6 million, turning from a profit of RMB 429 million in the same period last year.

After excluding non-recurring gains and losses, the net loss for the period was RMB 174 million, compared to a profit of RMB 378 million in the same period last year. At the same time, financial expenses surged year-on-year to RMB 252 million, mainly affected by net foreign exchange losses; fair value changes recorded a loss of RMB 59.5 million, although investment income increased by 157.30% year-on-year to RMB 65.94 million, partially offsetting the pressure.

The company stated that the weakening performance was mainly dragged down by a decline in core business demand, with reduced revenue from smartphones and computers being the main reason, while exchange rate fluctuations led to increased financial costs, further compressing profits. In addition, valuation losses from forward foreign exchange contracts also impacted profitability.

According to the latest data from IDC, global smartphone shipments are expected to decline by 4.1% year-on-year to 289.7 million units in the first quarter of 2026, breaking a continuous growth trend over ten consecutive quarters since mid-2023.

Lens Technology's stock price opened lower on Thursday, reporting HKD 16.88 at noon break, down 14.14%.

_Li Shida_

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