Source: Eye Future ；Editor: Bai XiaofeiReprint Requirements: Can be reprinted 24 hours after the first publication, source must be credited.
Recently,Chinese-Made Lens Brands on the MarketMingyue Optical Lens（Mingyue Optical Lens Co., Ltd.,301101.SZ) andWell-known Optical Chain LeaderChongqing Qianye Optical Chains Co.,Ltd.（Chongqing Qianye Optical Chains Co.,Ltd., New Third Board:873838）Officially Reached Strategic Cooperation. This collaboration is of extraordinary significance, as itThe Powerful Alliance Between Brands and Eyewear Retail Channels。
Taking cooperation as an opportunity, Mingyue Optical Lens and Chongqing Qianye Optical Chains Co.,Ltd. will integrate resources to create a better experience for consumers.This also means that in 2024, Mingyue Optical Lens has added a new member to its TOP-level clientele.The map of national-level optical retail cooperation has further expanded.Jointly Nurture the Eye Health of the Chinese People。
▲Mingyue Optical Lens Joins Hands with Chongqing Qianye Optical Chains Co.,Ltd. to Debut at Jiefangbei, Chongqing
# Strong Alliance to Seize OpportunitiesThis time, the new cooperation between Mingyue Optical Lens and Chongqing Qianye Optical Chains Co.,Ltd. not only represents the high recognition of Chongqing Qianye Optical Chains Co.,Ltd. towards the brand and service value of Mingyue Optical Lens, but also reflects the shared vision of both parties in embracing industry changes and achieving win-win cooperation.BesidesHigh-Quality Products and Technical Support, Mingyue Optical Lens will carry out a series of activities with Chongqing Qianye Optical Chains Co.,Ltd.Brand Collaboration, Marketing Promotion Activities. At the same time, Mingyue Optical Lens will also provideDigital Marketing, Expert Supportin a comprehensive empowerment. Chongqing Qianye Optical Chains Co.,Ltd. fully leverages its strengths inTerminal Sales and Customer ServiceThe advantages in this aspect will provide consumers with a better visual experience. Both parties will take this as an opportunity to jointly seize the development opportunities of the industry and welcome the arrival of the era of eye health.This is also Mingyue Optical Lens Co., Ltd. sinceAier Eye Hospital, Baodao Eyewear, Boshier EyewearAfter cooperating with well-known optical chains across ChinaAnother Blast in the New Year！# Scale of China's Eyewear MarketIn 2023, thanks to the end of the pandemic bringing about a consumer spending rebound, growth in online business, and the continued positive trend in the youth control market, the eyewear market showed relatively strong growth in the first six months compared to the same period last year. Moreover, due to the low base in 2022, the growth rate in 2023 is expected to reach 15.1%.Future industry growth points are expected to remain concentrated in the myopia control market., along with trends such as brand building, construction of self-operated stores, and service upgrades as part of eyewear brand strategic layouts, the future growth rate of the eyewear market is optimistic, forecasts show.The overall scale of the eyewear industry will exceed 100 billion yuan by 2025, with a compound annual growth rate of over 7% from 2021 to 2026.。
▲Originated fromiResearch
China is a major producer of eyewear and also a major exporter in the eyewear market. With the deepening of self-sufficiency in raw materials and eyewear products in recent years, the import volume decreased in 2022.The export volume maintained a growth trend, with the overall export value far exceeding the import value.。In 2022, affected by the pandemic, the overall sales revenue of the eyewear industry in China decreased year-on-year, butExport volume increased by 11.5% year-on-year against the trend, reaching an amount of 7.4 billion US dollars., among which the export value to the United States slightly decreased, while exports to the European Union, "Belt and Road" countries, RCEP region, and ASEAN maintained rapid growth. Notably, the growth in ASEAN was the most prominent, with an increase of over 50% compared to the previous year.
▲ Originated fromiResearch
ConsumerSpending on glasses for the overall population is concentrated between 400-2000 yuan, with about half of consumers replacing their glasses every 6 months to 1.5 years.。From the analysis of regional consumption power,Fastest Lens Replacement in Northwest China, 20.5% of them replace their glasses within half a year;Higher Spending on Glasses Purchases in South China; The purchasing power for eyewear products is relatively high in North and East China, but the frequency of lens replacement is slower, placing their overall consumption potential in the second tier. In Northeast China, spending on glasses shows a bipolar division. Southwest China exhibits characteristics of high-frequency, low-price consumption, with weaker consumption potential. Central China has a larger population that replaces lenses infrequently and at low prices, making it the region with the weakest consumption potential in China. In summary,Northwest, South ChinaTwo regions have the greatest consumption potential, surpassing other regions.。
▲ Originated fromiResearch
# About Mingyue Optical Lens
Mingyue Optical Lens Co., Ltd. (referred to as: "Mingyue Optical Lens Co.,Ltd.) was established in 2002 and is a leading brand of optical lenses in China, as“First Stock of Domestic Lens Brands”，Listed on the Shenzhen Stock Exchange in 2021,The stock code is 301101.YesThe Only Listed Company in China's Lens Industry. According toThe third quarter financial report of 2023 shows that Mingyue Optical LensSheetJanuary to September 2023Operating revenue was 562 million yuan, compared to the previous yearIncreased by 23.80% year-on-year，Net profit attributable to母公司 is 122 million yuan, compared to the previous yearIncreased by 40.34% year-on-year。The company is aComprehensive Eyeglass Lens Manufacturer, with business covering the research and development, design, production, and sales of products such as lenses, lens materials, finished glasses, and frames. With the improvement of products, brands, and channels, Mingyue Optical Lens has now developed into a leading enterprise in China for domestically produced lenses.CompanyCentering on the lens business, the industrial chain layout is complete.，Conventional Lens BusinessStrategic transformation positions in the mid-to-high-end blue ocean price range, large single product volume increase, product structure improvement, and the construction of long-term development barriers through products, channels, and brand power.Myopia Prevention and Control ServicesAs a high-growth second growth curve, given the high prosperity of the youth control track, its "Easy Control" lenses have strong comparative advantages, and the future of the second growth curve is promising.
# About Chongqing Qianye Optical Chains Co.,Ltd.
Chongqing Qianye Optical Chains Co., Ltd. (referred to as "Qianye Optical") was established in 1992, and underwent listing guidance filing in March 2021, New Third Board (873838), is aAn integrated entity of ophthalmic hospitals, ophthalmic clinics, and eyewear retailEye Health Service EnterpriseIf the company successfully goes public, it is expected to become the next after Dr. Eyewear.Within ChinaThe Second Stock in the Eyewear Retail Industry。
The company has formed an integrated model with "ophthalmic hospitals as the driver, ophthalmic clinics as the connector, and optical retail stores as the outreach," enabling the referral of complex conditions and surgeries to hospitals, initial diagnosis at ophthalmic clinics, and professional fitting services at optical retail stores.Graded Eye Health Care ModelAfter more than thirty years of relentless exploration and development, Chongqing Qianye Optical Chains Co.,Ltd.Owning 1 ophthalmic hospital, 4 ophthalmic clinics, and nearly 400 eyewear retail stores, with business covering 25 cities across China.。
