Shun Yu Optics released its 2023 annual report, indicating the completion of a series of developments in VR/AR visual modules and innovative technologies.

March 21st News: Shun Yu Optics released its 2023 annual report, reporting a total revenue of approximately 31.6813 billion yuan for the full year of 2023, representing a year-on-year decrease of about 4.6%. The gross profit was approximately 4.5904 billion yuan, marking a year-on-year decrease of about 30.5%. The net profit was approximately 1.1503 billion yuan, indicating a year-on-year decrease of about 53.5%.

During the reporting period, in the consumer-grade emerging optical business, Shun Yu Optics further deepened strategic cooperation with globally renowned VR clients and successfully achieved mass production of key projects. Additionally, Shun Yu Optics actively invested in research and development in VR near-eye display-related products and perception and interaction lenses, positioning itself as the preferred supplier for leading global clients. Furthermore, Shun Yu Optics continued to strengthen research and development efforts in AR waveguides, optics, and light engines, while enhancing its capabilities for large-scale product manufacturing. This allows the company to offer a variety of product choices, including comprehensive optical technology solutions for AR products, to its customers.

In the field of VR/AR, Shun Yu Optics has completed the development of visual modules compatible with the next-generation mainstream platforms of a well-known platform manufacturer, serving as the flagship solution for their reference designs. At the same time, prioritizing cost-effectiveness, Shun Yu Optics has developed a series of innovative miniaturization packaging technologies applicable to the entire range of VR/AR visual modules. Additionally, in the field of robot vision, a new solution integrating palm vein algorithms has been applied to smart locks and achieved small-scale shipments. Furthermore, the RGBD (Red-Green-Blue-Depth) module for robot vision, based on proprietary algorithms, has also been mass-produced and shipped to mainstream clients in the industry.

In 2024, Shun Yu will continue to face multiple challenges including the twists and turns of global economic recovery, insufficient consumer demand, supply chain restructuring, and intensified market competition. The intricate background suggests ongoing uncertainty in the global economy. However, there is anticipation for emerging technologies and industries such as new energy and AI, which possess high technological content, added value, and resource intensiveness, to provide new growth points for economic development. Simultaneously, the continuous penetration of intelligence across various industries poses new demands on the optoelectronic industry and gives rise to new development opportunities.

In the future, Shun Yu will maintain strategic focus, adhere to the optoelectronics core business, and continue to advance in the following three aspects:

Thirdly, we will strengthen management in capital investments, enhance input-output efficiency, and focus on optimizing operational benefits.

Source: Shun Yu Optics

The original article was first published on the WeChat official account (Aibang VR Industry News)：Shun Yu Optics released its 2023 annual report, indicating the completion of a series of developments in VR/AR visual modules and innovative technologies.