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02276 CONANT OPTICAL

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  • 8.510
  • -0.170-1.96%
Market Closed Mar 28 16:08 CST
3.63BMarket Cap10.06P/E (TTM)

About CONANT OPTICAL Company

We are China's leading manufacturer of plastic eyewear lenses, and have sold in over 80 countries during our track record period, including but not limited to China, the United States, Japan, India, Australia, Thailand, Germany and Brazil. According to Frost & Sullivan's report, although glass is a traditional lens material, since resin lenses have high impact resistance and are safe to wear, resin lenses accounted for about 95% of China's eyeglass lens production in 2020. Furthermore, according to Frost & Sullivan's report, based on production value, the resin eyeglass lens market size of the Chinese eyewear industry was RMB 11,6333 million in 2020. In 2020, based on resin eyeglass lens production, we ranked first among Chinese resin lens manufacturers, with a market share of about 8.5%, while China's resin eyeglass lens production in 2020 was 1,508.7 million pieces. According to Frost & Sullivan's report, China's resin lens manufacturing market declined from 1,598.7 million units in 2015 to 1,508.7 million units in 2020, as the global market went through a commercial cycle and inventory cycle, and China's overall resin lens production from 2016 to 2020 showed an upward trend in terms of total production. Our production for the year ended December 31, 2019 increased compared to the year ending December 31, 2018, mainly due to an increase in overall sales for the relevant period; production for the year ended December 31, 2020 decreased compared to the year ending December 31, 2019, and the overall sales volume decreased for the relevant period. The main reason for this was a decrease in our overseas sales of standardized lenses in 2020 due to the COVID-19 pandemic. As the global economy recovers after the COVID-19 pandemic, and with more and more people suffering from refractive error, China's total production is expected to rise to 1,559.0 million pieces in 2025. In China, the share of resin lenses in eyeglass lens production rose from 92.3% in 2015 to 94.0% in 2020, and is expected to increase to 95.8% in 2025. Based on the export value of resin eyeglass lenses in 2020, we are the largest exporter in China, with a market share of about 7.3%. Looking at the world, based on revenue from resin eyeglass lenses in 2020, we ranked ninth, with a market share of about 0.4%, and were the only group headquartered in China among the top ten global market participants.

Company Profile

Symbol02276
Company NameCONANT OPTICAL
ISINCNE100004Z14
Listing Date12/16/2021
Issue Price4.46
Shares Offered121.60M share
Founded06/20/2018
RegistrationChina
ChairmanZhengxiang Fei
SecretaryXue\chenpeiheng Cao
Audit InstitutionDeloitte & Touche Tohmatsu Certified Public Accountants
Company CategoryMainland registration of Mainland Individuals control
Registered Office4th Floor, Building 35, No. 1-42, Lane 83, Hongxiang North Road, Lingang New Area, China (Shanghai) Pilot Free Trade Zone
Head Office and Principal Place of BusinessRooms 1901A, 1902 and 1902A, 19th Floor, New World Tower 1, 16-18 Queen's Road Central, Central, Hong Kong
Fiscal Year Ends12-31
Employees2509
MarketHong Kong motherboard
Phone(8621)58598866
Emailconant@conantoptical.com
Business Shanghai Conate Optical Technology Group Co., Ltd. is a Chinese company mainly engaged in the production of eyeglass lenses. The company's main business is the manufacture and sale of standardized and customized resin eyeglass lenses. The company's products are mainly sold in China, the United States, Japan, India, Australia and other countries and regions.

Company Executives

  • Name
  • Position
  • Salary
  • Zhengxiang Fei
  • Chairman of the Board of Connett Glasses and Director of Asahi Holdings and Asahi Optical,Chairman of the Board,GM,Founder of the Group,Executive Director of Jiangsu Connett Optics Co., Ltd. and Jiangsu Asahi Optics Co., Ltd.,Strategy Committee Chairman,Chairman of the Risk Management Committee,Executive Director,Authorized Representative
  • --
  • Yuhong Zheng
  • Deputy GM,Executive Director,Risk Management Committee Member,General Manager of Shanghai Connet,General Manager and Director of Connett Glasses
  • --
  • Guoping Xia
  • Nomination Committee Member,Deputy GM,Executive Director
  • --
  • Junhua Chen
  • Deputy GM,Remuneration Committee Member,Executive Director
  • --
  • Chuanbao Wang
  • Executive Director,Strategy Committee Member,Technical Director,Deputy General Manager of Jiangsu Kangnite Optics Co., Ltd.
  • --
  • Xiaoyun Zhao
  • Non-Executive Director,Adjunct Supervisor of Asahi Optical
  • --
  • Fei Xiao
  • Nomination Committee Chairman,Audit Committee Members,Independent Non-Executive Director,Strategy Committee Member,Remuneration Committee Member
  • --
  • Yi Chen
  • Risk Management Committee Member,Chairman of the Audit Committee,Independent Non-Executive Director,Nomination Committee Member
  • --
  • Ying Wu
  • Remuneration Committee Chairman,Independent Non-Executive Director,Audit Committee Members
  • --
  • Jingming Xu
  • Supervisor
  • --
  • Baohua Tang
  • Employee representative supervisor
  • --
  • Huyin Xu
  • Finance Director
  • --
  • Xue Cao
  • Joint Company Secretary,Company Secretary
  • --
  • Peiheng Chen
  • Authorized Representative,Joint Company Secretary
  • --
  • Huixiang Zhang
  • Supervisor
  • --
  • Yan Li
  • Non-employee representative supervisors
  • --

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