Largan has signed a long-term lens purchase agreement with a domestic mobile phone brand in China

Today, Ming-Chi Guo of Tianfeng International stated that Largan has signed a long-term purchase agreement with a domestic mobile phone brand. This is the first time Largan has signed a long-term agreement with a Chinese brand.

Guo Mingchi said that before signing the contract, Largan's lens shipment volume for the brand in 2022 will be reduced by 15%-20% year-on-year, and after the contract, the shipment volume will increase by 20% year-on-year.

In addition, Guo Mingchi also revealed that Largan will account for approximately 100%, 45%, and 25% of the supply of 8P, 7P, and 6P lenses for the first-tier Chinese mobile phone brand in 2021. After signing the LTA, Largan will increase the supply of 8P, 7P, and 6P lenses of the first-tier Chinese mobile phone brand to approximately 100%, 70-75%, and 40-45% respectively in 2022.

It is understood that Samsung is the first brand to sign an LTA with Largan. Since 2018, Largan has signed an LTA with Samsung and updated it every year. Therefore, when global smartphone shipment growth slows or even declines, Largan’s lens shipment growth to Samsung has always been stable and significant growth. In its view, benefiting from LTA, Largan’s product portfolio for this first-tier Chinese mobile phone brand will be significantly improved. At the same time, Largan believes that Largan’s worst time has passed. In the future, Largan’s lens will be launched in the Chinese market. The volume will improve to a year-on-year increase of 20%.

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