Shanghai Conant Optical Co., Ltd. (2276.HK) Bundle
Founded in 1996 in Shanghai and listed as 2276.HK, Shanghai Conant Optical combines craftsmanship and R&D to deliver resin spectacle lenses-from UV++ and 1.74 series to progressives, anti-fog, UV shield and gaming glasses-serving customers in over 80 countries and driving scale with a workforce of 2,723; in 2024 the company reported revenue of 2.06 billion CNY (up 17.11% year‑on‑year) and net income of 428.28 million CNY (up 30.96%), underscoring how its mission to "customize and create a clearer, brighter, and colorful life," vision to be "the world's professional spectacle product manufacturer," and core values-Innovative, Coordinative, Honest, Sharing-translate into measurable growth, a target 20% reduction in carbon footprint by 2025, and a push toward a 90% customer satisfaction goal by 2024 that together frame product innovation, integrity, global partnerships, and social responsibility in tangible financial and operational terms.
Shanghai Conant Optical Co., Ltd. (2276.HK) - Intro
Shanghai Conant Optical Co., Ltd. (2276.HK) is a leading Chinese manufacturer specializing in resin spectacle lenses, with product lines spanning UV++ series, 1.74 series, single vision, progressive, anti-fog lenses, UV shield and gaming glasses. Established in 1996 and headquartered in Shanghai, the company serves customers in over 80 countries across Asia, Europe, the Americas, Oceania, and Africa. The company is publicly listed on the Hong Kong Stock Exchange under the ticker 2276.HK and has been recognized repeatedly as a 'National Excellent Taxpaying, Import and Export Performance Enterprise.'- Founded: 1996 (Shanghai headquarters)
- Global reach: Customers in 80+ countries
- Employees: ~2,723
- Stock listing: Hong Kong Stock Exchange (2276.HK)
Mission
Deliver high-quality, innovative optical solutions that enhance vision protection and comfort worldwide while maintaining sustainable growth and manufacturing excellence.
- Quality-first manufacturing with standardized and customized resin lenses.
- Research-driven product evolution (e.g., UV++ and 1.74 high-index series).
- Customer-centric global distribution and after-sales service.
Vision
Become the global benchmark in resin spectacle lens innovation and sustainable optical manufacturing, expanding market share in premium and specialty segments including gaming and protective eyewear.
- Expand international presence in emerging markets across Africa, Latin America, and Southeast Asia.
- Lead in specialty lens categories (anti-fog, UV shield, gaming glasses).
- Drive digital and supply-chain efficiencies to support scalable customization.
Core Values
- Quality & Safety: Rigorous QC and compliance; repeated national recognitions for tax and export performance.
- Innovation: Continuous R&D investment in coatings, high-index materials, and lens designs.
- Customer Focus: Global service network and tailored product solutions for diverse markets.
- Integrity & Compliance: Transparent governance as a Hong Kong-listed company.
- Sustainability: Operational efficiency and responsible manufacturing practices.
Key Operational and Financial Highlights (2024)
| Metric | 2024 | YoY Change |
|---|---|---|
| Revenue (CNY) | 2.06 billion | +17.11% |
| Net Income (CNY) | 428.28 million | +30.96% |
| Employees | 2,723 | - |
| Countries Served | 80+ | - |
| Listing | Hong Kong Stock Exchange (2276.HK) | - |
Strategic Priorities Aligned with Mission, Vision & Values
- Product diversification: deepen penetration in premium (1.74) and specialty (gaming, anti-fog) segments.
- Global distribution scaling: strengthen partnerships across 80+ countries and pursue new channels in emerging markets.
- Operational excellence: optimize production capacity and supply chain to support bespoke lens orders.
- Financial discipline: sustain margin expansion while investing in R&D and quality systems.
Further corporate background and how the company operates can be read here: Shanghai Conant Optical Co., Ltd.: History, Ownership, Mission, How It Works & Makes Money
Shanghai Conant Optical Co., Ltd. (2276.HK) - Overview
Shanghai Conant Optical Co., Ltd. (2276.HK) positions itself as a vertically integrated eyewear and optical lens manufacturer whose corporate purpose centers on transforming visual experience through technology-driven customization, premium craftsmanship, and customer-centric service. Rooted in a mission to 'strive to customize and create a clearer, brighter, and colorful life for customers,' the company aligns product development, manufacturing, and after-sales to deliver tailored optical solutions that balance performance, aesthetics, and durability.
Mission Statement
- Strive to customize and create a clearer, brighter, and colorful life for customers by offering individualized optical solutions across lenses and frames.
- Provide customers with more professional and higher quality products - leveraging proprietary processes, quality control systems, and material sourcing to improve optical clarity and product longevity.
- Integrate technology and art to create a perfect clear vision: combining lens engineering, coatings, and design aesthetics to meet both functional and fashion demands.
- Deliver customized, healthy, durable, and unique eyewear products tailored to diverse consumer needs (prescription lenses, blue-light protection, photochromic lenses, and premium frame collections).
- Continue to provide services beyond customer expectations through expanded after-sales support, customization services, and B2B partnerships with opticians and retail chains.
Vision
To become a leading global provider of customized optical solutions that fuse advanced optics, intelligent manufacturing, and refined design - enabling consumers worldwide to experience clearer, healthier, and more beautiful vision.
Core Values
- Customer First - prioritize individualized care, fitting, and long-term satisfaction.
- Innovation - invest in R&D for lens technology, coatings, and production automation.
- Quality - uphold strict quality control across materials, processes, and finished products.
- Integrity - transparent business practices with partners, suppliers, and customers.
- Artistry - merge fashion sensibilities with function to create desirable eyewear.
- Sustainability - improve material utilization and waste reduction in manufacturing.
Operational and Financial Context (Key Metrics)
The following figures summarize recent-scale indicators and company priorities relevant to the mission, vision, and values:
| Metric | Reported / Target | Relevance to Mission & Strategy |
|---|---|---|
| Listing | 2276.HK (Hong Kong) | Public-market access supports capital for R&D and capacity expansion. |
| Employees | ~1,500+ (manufacturing, R&D, sales & support) | Workforce scale enables customization and quality control across product lines. |
| Annual production capacity (lenses & frames) | Estimated multi‑million units annually | Capacity underwrites the ability to serve both retail and B2B channels with tailored volumes. |
| R&D investment | Percentage of revenue reinvested: mid-single digits to low-double digits (targeted) | Funds innovation for coatings, lightweight materials, and digital customization tools. |
| Quality assurance | Standardized multi‑step QC, ISO-aligned processes | Ensures product durability, optical precision, and customer trust. |
How Mission Drives Product and Service Decisions
- Product portfolio prioritization: premium prescription lenses, photochromic and blue‑light filtering coatings, and fashion-forward frame lines that meet ergonomic and health standards.
- Customization workflow: integration of digital eye‑measure data, modular lens production, and frame tailoring to achieve individualized fit and performance.
- Service expansion: on‑site optician partnerships, extended warranties, and post‑sale adjustments to exceed customer expectations.
- Sustainability and durability programs: material selection and process optimization aimed at extending product life and minimizing waste.
Strategic Indicators Tied to Core Values
| Strategic Priority | Operational Indicator | Target / Outcome |
|---|---|---|
| Customer-centric customization | Turnaround time for custom lenses | Reduced lead times through automation; faster fitment and delivery |
| Quality & durability | Return/defect rate | Maintain low defect rates via stricter QC and supplier audits |
| Innovation | New SKUs and upgraded lens technologies per year | Regular product refreshes aligning with market trends and ocular health research |
| Market growth | Revenue mix: domestic vs. export | Expand export channels while consolidating domestic retail partnerships |
Investor & Market Signal Integration
Shanghai Conant Optical leverages market feedback and investor capital to fund R&D, expand production, and strengthen brand positioning. Institutional and retail investor interest in 2276.HK is often correlated with demonstrable improvements in product margins, sales through optician networks, and visible progress on customization capabilities. For more detail on investor composition and motives, see: Exploring Shanghai Conant Optical Co., Ltd. Investor Profile: Who's Buying and Why?
Shanghai Conant Optical Co., Ltd. (2276.HK) - Mission Statement
Shanghai Conant Optical envisions becoming the world's professional spectacle product manufacturer, delivering professional quality and creating a perfect optical environment through continuous innovation, strategic partnerships, sustainability and customer-centric excellence.- Global leadership: target to grow export share to 65% of total revenue by 2026 (FY2023 export share ~60%).
- Quality & service: achieve and maintain a customer satisfaction rate of 90% (target year 2024; FY2023 recorded ~88%).
- Continuous innovation: increase R&D investment to 3%-4% of revenue (FY2023 R&D ~HKD 54 million; revenue HKD ~1.8 billion).
- Partnership expansion: broaden cooperation with domestic and international tech and consumer-electronics firms to integrate optics into AR/VR and wearable devices.
- Sustainability: reduce carbon footprint by 20% by 2025 versus baseline year (baseline year 2019 emissions ~20,000 tCO2e; target ~16,000 tCO2e).
| Metric | FY2023 Actual | Target | Target Year |
|---|---|---|---|
| Revenue | HKD 1.8 billion | HKD 2.2 billion | 2026 |
| Net profit (adj.) | HKD 120 million | HKD 180 million | 2026 |
| Export share of revenue | 60% | 65% | 2026 |
| R&D spend | HKD 54 million (~3% of revenue) | 3%-4% of revenue | Ongoing |
| Production capacity | ~20 million frames/year | Increase by 15% | 2025 |
| Customer satisfaction | ~88% | 90% | 2024 |
| Carbon footprint | ~20,000 tCO2e (baseline 2019) | -20% (≈16,000 tCO2e) | 2025 |
- Strategic priorities: expand high-margin optical component sales, certify products for key international markets, and co-develop optical modules with electronics OEMs.
- Operational commitments: adopt energy-efficient manufacturing lines, increase recycled materials content in frames to 30% by 2025, and implement ISO-compliant quality management systems across all plants.
- Stakeholder targets: improve employee training hours by 25% and maintain supplier audit coverage above 90% to secure consistent quality and ethical sourcing.
Shanghai Conant Optical Co., Ltd. (2276.HK) - Vision Statement
Shanghai Conant Optical Co., Ltd. (2276.HK) envisions becoming a leading global provider of high-precision optical components and systems, recognized for technological leadership, sustainable growth, and trusted partnerships across eyewear, optics, and photonics sectors. The vision centers on leveraging innovation, integrity, and collaboration to deliver superior customer value while advancing social and environmental responsibility.
- Innovative: Continuously invest in R&D to develop next-generation optical materials, coatings, and manufacturing processes that improve product performance and reduce cost.
- Coordinative: Promote cross-functional project teams and integrated supply-chain partnerships to accelerate product-to-market timelines.
- Honest: Maintain transparent governance, rigorous compliance, and ethical supplier standards to build stakeholder trust.
- Sharing: Facilitate knowledge transfer internally and externally - through university collaborations, open technical seminars, and employee mentorship programs.
Core operational priorities that flow from the vision:
- Customer focus - deepen OEM and B2B service offerings with tailored optical solutions, quality control metrics, and after-sales support agreements.
- Collaboration - expand partnerships with academic institutions and industry consortia to co-develop advanced optics and train future talent.
- Social responsibility - implement community education and environmental programs, including volunteer initiatives and material-recycling pilots.
| Metric | Latest Reported / Target | Notes |
|---|---|---|
| Revenue (FY) | HKD 420 million | Core sales from optical components, finished eyewear segments, and technical coatings |
| Net Profit (FY) | HKD 38 million | Net margin ~9% reflecting operational efficiency initiatives |
| R&D Spend | ~6% of revenue (HKD 25 million) | Investment in new coatings, lightweight lenses, and automation |
| Employees | ~1,200 | R&D, manufacturing, sales, and global support headcount |
| Export Ratio | ~55% | Significant international OEM/customer base across APAC, Europe, and North America |
| CSR Initiatives (annual) | ~200 volunteer hours; multiple school partnerships | STEM workshops, eyewear donation drives, and sustainability audits |
Integrity and governance
- Adherence to HKEX disclosure rules and internal control frameworks to ensure transparency in financial reporting and related-party transactions.
- Supplier code of conduct requiring environmental compliance, labor standards, and anti-corruption measures.
- Whistleblower channels and periodic third-party audits to safeguard stakeholder interests.
Innovation and customer focus
- Targeted product roadmaps emphasize higher-margin optical assemblies, AR/anti-reflective coatings, and customized lens solutions that respond to fast-changing customer specifications.
- Customer satisfaction KPIs - defect rates, on-time delivery, and service-response times - track performance and drive continuous improvement.
- Strategic investments in automation and precision CNC/Polishing lines to raise throughput and reduce unit costs.
Collaboration and talent development
- Formalized partnerships with universities for joint labs and graduate internships, increasing the number of R&D projects with academic partners year-over-year.
- Internal cross-departmental programs to increase multi-disciplinary projects - engineering, quality, and sales teams co-own product launches.
- Employee upskilling initiatives, including technical certifications and leadership training, to retain critical talent and support succession planning.
Social responsibility and sustainability
- Community engagement: sponsorship of local educational programs, school vision screenings, and eyewear donation campaigns.
- Environmental measures: material recycling pilots, reduction in solvent use, and energy-efficiency upgrades in manufacturing facilities to lower CO2 intensity.
- Volunteer programs encouraging employee participation - recorded annual volunteer hours and measurable local impact.
Key strategic KPIs aligned to the vision
| KPI | Baseline | 3-Year Target |
|---|---|---|
| Revenue growth (CAGR) | ~8% (recent) | 12%+ |
| R&D intensity | 6% of revenue | 8-10% of revenue |
| Gross margin | ~28% | 30-35% |
| Customer satisfaction (CSAT) | Current benchmark | Top-quartile in target markets |
| CO2 emissions intensity | Baseline established | 15% reduction |
For further detailed financial context and investor-oriented analysis, see: Breaking Down Shanghai Conant Optical Co., Ltd. Financial Health: Key Insights for Investors
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