OFILM: Overcoming difficulties, Q3 net profit reversed for the first time

According to news on October 31, after experiencing the setback after being kicked out of the industry chain by Apple, Chinese electronics giant OFILM has now successfully weathered the most difficult moment. It is understood that in the third quarter of this year, OFILM achieved a positive turnaround in deducting non-net profits for the first time in more than two years.

OFILM's performance recovery in the third quarter is gratifying. Thanks to Huawei's continued support, its quarterly revenue reached 45.05 billion yuan, a year-on-year increase of 47.75% and a month-on-month increase of 24.49%; net profit reached 54.32 million yuan, turning a loss into a profit year-on-year.

According to the editor’s understanding, OFILM said that the company currently relies on the smartphone business as a stable foundation, and at the same time actively expands innovative businesses in smart cars and other emerging fields, achieving expansion to the upstream of the industry chain.

After Huawei released and sold the Mate60 series of mobile phones in September, OFILM was said to be one of the biggest beneficiaries, acquiring the rear camera, front and rear cameras of the Mate60 series of mobile phones. Key orders include camera and fingerprint modules. Recently, Cai Rongjun, chairman of OFILM, commented on the situation, calling it "firmly surviving", which also confirmed that the company will continue to supply key components for Huawei's Mate60 series mobile phones (Huawei has significantly increased the production of domestic components. Usage ratio, accounting for more than 90%)

Huawei plans to double its mobile phone shipments to 60 million to 70 million units in 2024. Market predictions are that this will keep the production capacity of the industrial chain abundant. In addition, OFILM's automotive business has also attracted market attention, especially after the launch of Huawei's new M7, the business prospects are brighter

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