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Optical Lens Production Supporting Project of Yanbian Prefecture

Information Source: Jilin Provincial Commercial Information Center
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1. Introduction to the Project

1.1 Project background

1.1.1 Project introduction

Precision optical products, as visual imaging systems or their core components, are the core supporting components of high-precision technology and equipment, as well as the key to national major strategic projects and forward-looking technology implementation. The precision optics industry is an industry that China continues to guide and encourage.

The project is located in Wangqing County, with the construction of optical lens production workshops and auxiliary production facilities such as raw material warehouses, finished product warehouses, and eyeglass accessory workshops. Wangqing County has certain resources and favorable conditions for the development of optical lenses. The material characteristics of optical lenses are cold resistant but not heat-resistant. Warm and humid environments can easily cause mold spots and spots on the lenses. Wangqing County has certain climatic conditions in the production of optical lenses, which gives it a comparative advantage compared to southern China and Southeast Asian countries.

1.1.2 Market prospect

(1) Market size of optical lenses

The demand for optical lenses in the market is strong, thanks to technological advancements and the increasing awareness of consumer visual health. With the popularization of electronic products and increasing educational pressure, vision problems such as myopia are becoming increasingly serious, and high-quality optical lenses have become a hot demand in the market. In terms of market size, both the global and Chinese optical lens markets have maintained stable growth, especially the demand for functional lenses such as anti blue light and myopia control products continues to grow, driving continuous innovation and development in the industry.

According to research data on the optical lens market in China in 2024, market demand continues to expand and retail sales are steadily increasing. With the increasing demand of consumers for visual health and lens quality, the functional lens market is experiencing explosive growth. Domestic lens brands such as Mingyue Lens are gradually expanding their market share through technological innovation and brand influence. At the same time, the emerging market for myopia management defocus lenses and other products also shows great potential, and is expected to maintain high-speed growth in the coming years. Overall, Chinas optical lens market is showing a trend of diversification and segmentation.

(2) Analysis of the optical lens industry chain and market competition pattern

The optical lens industry chain is a complex and vast system, mainly divided into three links: upstream, midstream, and downstream.

The upstream is mainly composed of optical raw material suppliers, which provide key materials such as optical glass, optical plastics (such as resins), optical crystals, etc. In addition, it also includes optical auxiliary materials and equipment suppliers, such as coating auxiliary materials, optical processing equipment, and coating equipment. The quality of these raw materials and equipment directly affects the manufacturing quality and performance of midstream optical lenses.

The midstream is the production and manufacturing process of optical lenses, including lens manufacturers and brand merchants. They use the raw materials and equipment provided by upstream to produce various types of optical lenses through precision processing and manufacturing techniques, such as spherical lenses, non spherical lenses, resin lenses, glass lenses, etc. These lenses are widely used in various fields such as glasses, cameras, telescopes, microscopes, security monitoring, and automotive optics. It also includes supporting equipment for optical glasses, such as frames, lenses, center beams, temple frames, nose pads, and other glasses supporting products.

The downstream mainly consists of agents, distributors, and retailers, who directly face consumers and provide professional services such as optometry, eyeglass fitting, trial wearing experience, and maintenance. With the rise of e-commerce platforms, more and more consumers are choosing to purchase optical lens products online, which has also brought new development opportunities to downstream markets.

Market size and growth: In recent years, with the rapid development of consumer electronics and the increasing demand for quality of life by consumers, the market size of optical lenses has continued to grow. According to relevant reports, the global optical lens market is expected to maintain a stable annual growth rate in the coming years.

Competitive landscape: The optical lens market is fiercely competitive, mainly composed of large foreign-funded enterprises and domestic private enterprises. Foreign funded enterprises have advantages in brand, technology, and capital, while domestic enterprises occupy a place in the market with their price advantage and continuously improving technological level. Meanwhile, with the continuous emergence of emerging application fields such as smart homes and intelligent transportation, it has also brought new growth points to the optical lens industry.

Technological innovation: Technological innovation is a key driving force for the development of the optical lens industry. With the continuous advancement of optical design, materials science, precision machining and other technologies, the performance and quality of optical lenses have been significantly improved. In the future, the optical lens industry will continue to increase research and development investment, promote technological innovation and product upgrades.

The various links in the optical lens industry chain are closely connected and interdependent, and the market competition pattern is complex and ever-changing. In the future, with the continuous advancement of technology and the emergence of new application fields, the optical lens industry is expected to usher in a broader development prospect. ‌‌‌‌‌‌

1.1.3 Advantageous conditions of project construction

(1) Policy advantages

According to the 14th Five-Year Plan for National Informatization, by 2025, decisive progress will have been made in the construction of Digital China, and the level of informatization development will have significantly leaped forward. The digital infrastructure system is more complete, the digital technology innovation system is basically formed, the quality and efficiency of digital economy development have reached the worlds leading level, and the digital development environment is becoming increasingly perfect; precision optical technology and products are oriented towards the forefront of science and technology. As the core supporting components of major technological equipment, optical systems play a crucial role in national science and technology major projects such as biomedicine, artificial intelligence, and manned spaceflight and lunar exploration projects, providing important support for the development of national science and technology strategies; therefore, the rapid development of fields such as biomedicine, artificial intelligence, manned spaceflight, and lunar exploration engineering will promote the relay development of the precision optics industry.

In January, 2022, the Ministry of Industry and Information Technology, the Ministry of Human Resources and Social Security, the Ministry of Ecology and Environment, the Ministry of Commerce, and the State Administration for Market Regulation jointly issued the Guiding Opinions on Promoting High-quality Development of Light Industr: to increase and upgrade innovative products. It will vigorously develop functional foods, cosmetics, leisure and fitness products, baby products, and light industrial products suitable for aging around the urgent needs of health, child rearing, and elderly care as well as multi-functional lens products of harmful light protection, light sensitivity protection, anti fatigue, and adolescent myopia control.

(2) Location advantages

Wangqing County has obvious location advantages and developed transportation. Wangqing is located in the eastern part of Jilin Province and the northeastern part of Yanbian Korean Autonomous Prefecture. The entire area is 108 kilometers long from north to south and 152 kilometers long from east to west. Wangqing County is adjacent to Northeast Asia Economic and Trade Zone, adjacent to the open cities of Suifenhe, Hunchun, and Tumen in China, and faces eight ports including Suifenhe, Changlingzi, Shatuozi, Tumen, Sanhe, Nanping, and Shuangmufeng. The area is 9016 square kilometers, making it the second largest county-level county in the province.

Jilin Wangqing Economic Development Zone is located in the northeast of Yanbian Prefecture, at the intersection of Changchun-Jilin-Tumen Development and Opening Pilot Zone and Harbin-Mudanjiang-Suifenhe-Dongning Economic Belt in Heilongjiang Province. It is 77 kilometers away from the prefecture of Yanji, 55 kilometers away from Tumen Port, and 121 kilometers away from Hunchun Port.

(3) Investment service advantages

Wangqing Economic Development Zone has achieved significant results in attracting investment. Eight new projects have been launched, with a total amount of investment of up to 830 million yuan, injecting strong momentum into the local economic development. At the same time, 10 key investment and negotiation projects are actively being promoted, with an expected total amount of investment of 1.52 billion yuan, demonstrating the strong development momentum and huge investment potential of Wangqing Economic Development Zone.

Wangqing Economic Development Zone will continue to adhere to the investment promotion strategy of paying equal attention to both visiting and inviting, continuously expand investment channels, and strengthen cooperation and exchanges with domestic and foreign enterprises and institutions. At the same time, further optimize the business environment, improve service quality, and provide investors with more convenient, efficient, and high-quality services. Through continuous efforts, Wangqing Economic Development Zone will attract more high-quality enterprises and projects to settle down, promoting the local economy to achieve high-quality development.

1.2 Contents and scale of project construction

The project covers an area of 5000 square meters and includes the construction of optical lens production workshops, raw material warehouses, finished product warehouses, eyeglass accessory workshops, and other auxiliary production facilities. The main products include eyeglass frames, lenses, center beams, temple frames, nose pads, and other eyeglass accessories. Annual production of 30 million finished glasses.

1.3.Total investment of the project and capital raising

The total investment of the project is 200 million yuan, including the construction investment of 160 million yuan.

1.4 Financial analysis and social evaluation

1.4.1Main financial indexes

After the project reaches the production capacity, its annual sales revenue will be 126 million yuan, its profit will be 41.6 million yuan, its investment payback period will be 5.8 years (after the tax, including the construction period of 1 year) and its return on investment will be 20.8%.

Note: 10 thousand yuan in the table is in RMB.

1.4.2 Social evaluation

The rapid development of the optical lens industry has created a large number of job opportunities, covering multiple links from production, research and development to sales. This not only helps alleviate social employment pressure, but also improves the living standards and social contributions of employees, and the project has good social benefits.

1.5 Cooperative way

Sole proprietorship, joint venture or cooperation

1.6 What to be invested by the foreign party

Funds, and other methods can be discussed in person.

1.7 Construction site of the project

Jilin Wangqing Economic Development Zone

1.8 Progress of the project

The project proposal has been prepared.

2. Introduction to the Partner

2.1 Unit basic information

Name: Management Committee of Jilin Wangqing Economic Development Zone (Original Wangqing Centralized Industrial Zone)

Address: 435-2 Binhe North Street, Wangqing County

2.2 Unit overview

Jilin Wangqing Economic Development Zone is located in the northeast of Yanbian Prefecture, at the intersection of Changchun-Jilin-Tumen Development and Opening Pilot Zone and Harbin-Mudanjiang-Suifenhe-Dongning Economic Belt in Heilongjiang Province. It is 77 kilometers away from the prefecture of Yanji, 55 kilometers away from Tumen Port, and 121 kilometers away from Hunchun Port. The development zone was formerly known as Wangqing County Industrial Concentration Zone. It was approved by the provincial government in November, 2005, with a planned land area of 3.22 square kilometers. In 2016, the park entered the national development zone list. On December 23, 2022, it was upgraded to Jilin Wangqing Economic Development Zone with the approval of the provincial government.

At present, there are 153 enterprises settled in the park, including 12 industrial enterprises above designated size. In 2022, Wangqing Economic Development Zone achieved a total industrial output value of 1.68 billion yuan, added value of 602 million yuan, tax revenue of 149 million yuan, fixed assets investment of 872 million yuan, and total import and export of 112 million yuan. In 2022, it ranked 25th in the comprehensive ranking of 72 provincial-level development zones in the province, with comprehensive strength ranking in the middle and upper reaches.

Since its establishment, the development zone has adhered to the coordinated development of economy, resources, and ecology. After years of layout, it has initially formed an ecological agricultural product processing industry represented by Haoji Food Co., Ltd., Zhongnong Co., Ltd., and Beiyihe Co., Ltd.; the edible fungi processing industry represented by Fusen Biotechnology Co., Ltd. and Beier Technology Co., Ltd.; the pharmaceutical and healthcare industry represented by Zhengshengkang Biotechnology Co., Ltd., Likang Pharmaceutical Co., Ltd., and Huahui Biotechnology Co., Ltd.; the clean energy circular economy industry represented by Kaidi Electric Power Co., Ltd., Jingyu Biotechnology Co., Ltd., and Green Power Technology Co., Ltd. During the 14th Five-Year Plan period, it will focus on cultivating four leading industries: agricultural product processing industry, big health industry, clean energy industry, and advanced manufacturing industry.

2.3 Contact method

Contact person: Miao Yuqiang

Tel: +86-15143374377

Unit: Jilin Wangqing Economic Development Zone (Original Wangqing Centralized Industrial Zone)

E-mail: wqkfzs@163.com

Contact method of the city (prefecture) where the project is located:

Contact unit: Yanbian Bureau of Commerce

Contact person: Li Jingyu

Tel: +86-13596515933

(责任编辑:李光辉)
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