What Crystal-Optech does

Zhejiang Crystal-Optech Co., Ltd. (szse:002273), founded in 2002 and listed on the Shenzhen Stock Exchange in 2008, is a precision optical components and solutions manufacturer headquartered in Taizhou (Jiaojiang District), Zhejiang, China. The company designs and manufactures optical thin-film components, micro-prisms, AR/VR optical waveguides, automotive AR-HUD modules, and AI Vision Modules (including face recognition, structured light, dTOF, and Tx modules), operating what it describes as the world's largest precision optical thin-film industrialization base with annual unit delivery exceeding 10 billion components and an 88.75% product yield rate in 2024.

Crystal-Optech organizes its business around four growth curves: Consumer Electronics, Automotive Optoelectronics, AR/VR Metaverse Optics, and AI Optics, with a customer base anchored on global Tier-1 OEMs including Sony (supplier since 2005), Apple, Jaguar Land Rover, Chang'an Deep Blue, and Hongqi. The firm holds 525+ patents, 106 software copyrights, and employs 1506 R&D personnel across six global research institutes, with R&D spend of RMB 407.79M (6.50% of revenue) in 2024.

The company monetizes through an enterprise field sales model with quote-based pricing against large OEM contracts, supported by a global manufacturing footprint spanning Taizhou, Linhai (new factory opened April 2024), COT Vietnam (opened August 2025), and a Seattle/Bellevue US office established April 2025. Cumulative 2025 revenue reached RMB 69.28B with net profit of RMB 11.72B, driven by H1 2024 revenue growth of 43.21% YoY and full-year 2024 net profit growth of 67-87% YoY.

Name

Crystal-Optech

Legal name

浙江水晶光电科技股份有限公司 (Zhejiang Crystal-Optech Co., Ltd.)

Website

https://crystal-optech.com

Company type

Public

Founded year

2002

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Zhejiang Crystal-Optech (szse:002273) is a precision optical components manufacturer producing thin-film filters, micro-prisms, AR/VR waveguides, automotive AR-HUDs, and AI Vision Modules for global Tier-1 OEMs including Sony, Apple, Jaguar Land Rover, and Chang'an.

Ownership category

akta.pro rank

Product category

Optical Components Manufacturing

NAICS

Other Electronic Component Manufacturing (334419), Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing (334511)

SIC

Optical Instruments & Lenses (3827), Photographic Equipment & Supplies (3861), Semiconductors & Related Devices (3674)

akta.pro primary industry

Optoelectronic Components (LEDs, photodiodes, optocouplers, optical sensors) (IMAGAJAF)

akta.pro secondary industries

Optoelectronics & Photonics (LED/Laser/Optical ICs) (HDAHAAAH), Audio, Imaging & Multimedia SoCs (ISP/Codec/Display) (HDAHABAH)

Keywords

• Optical components
• Thin film optics
• AR waveguides
• Automotive HUD
• Precision optics

Headquarters

HQ city

Hangzhou

HQ country

China

HQ region

Asia

Offices12 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Technology or R&D, Supply Chain, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Optical Components and Modules: One-stop professional services providing from optical components to modules and solutions for consumer electronics, automotive, and AR/VR applications
2. Consumer Electronics: First growth curve business including infrared cut-off filters, camera components, patterned wafers for smartphones and other consumer devices
3. Automotive Optoelectronics: Second growth curve including HUD, LiDAR optical components, AR-HUD for smart cockpit applications
4. Metaverse Optics (AR/VR): Third growth curve including AR waveguides, optical modules for augmented and virtual reality applications

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Zhejiang Crystal-Optech Co., Ltd. is principally engaged in the manufacture, processing, and sale of optoelectronic components, delivering one-stop professional services from optical components (films, lenses, filters, prisms) to modules and complete system solutions. Its portfolio spans three business segments: consumer electronics and automotive optoelectronics (infrared cut-off filters, micro prisms, camera cover pieces, patterned wafers, biometric modules), automotive optoelectronics (W-HUD, AR-HUD, LiDAR optical windows, smart headlamps, LCOS/PGU optical engines), and AR/VR metaverse optics (reflective and diffractive optical waveguides, micro light engines, near-eye display modules). The company's offering targets enterprise customers including global consumer electronics giants, automotive OEMs, and tier-1 suppliers.

Product overview

Crystal-Optech is a global one-stop optical solution expert providing professional services from optical components to modules and complete solutions. The company's product portfolio spans three major business segments: Consumer Electronics & Automotive Optoelectronics (first growth curve), Automotive Optoelectronics including HUD systems (second growth curve), and AR/VR Metaverse Optics (third growth curve). Core products include Micro Prism Assembly for smartphone cameras, various AI Vision Modules (face recognition, structured light, dTOF, Tx), Reflective and Diffractive Optical Waveguides for AR glasses, W-HUD and AR-HUD automotive displays, LiDAR optical components, LCOS/PGU optical engines, and precision optical components. The company integrates seven core technologies: thin-film optics, optical cold processing, semiconductor optics, optical system design, micro-nano optics, lithography, and丝印 technology.

Differentiator

Problem solved

Functional benefit

Products and services

• Quad Reflective Prism Assembly (组合式棱镜 / Micro Prism) Periscope prism assembly for smartphone telephoto cameras that improves zoom capability without increasing phone thickness, achieving ultra-long zoom photography. The world's first mass-produced micro prism.
• Patterned Coated Wafers (图形化镀膜晶圆) Customized spectral patterned processing on glass, silicon, or sensor substrates, serving as the core filter component for proximity sensors and ambient light sensors in optical sensing applications.
• Micro Light Engine (微型光机) Micro-projection optical engine based on Micro LED technology, compact and lightweight, compatible with various waveguide lenses, enabling augmented reality by overlaying virtual images with real-world ambient light through waveguide.
• Reflective Optical Waveguide (反射光波导片) AR waveguide using geometric reflection principles where light expands through transflective array film layers and reflects into user's eyes. Thin, lightweight design with clear imaging and excellent color uniformity.
• Diffractive Optical Waveguide (衍射光波导片) AR waveguide using optical diffraction principles where image data couples into waveguide through input grating, expands via relay grating, and couples to eyes through output grating for clear AR imagery.
• AI Vision Module (AI视觉模组) Comprehensive product line of AI-powered vision modules including face recognition, structured light, dTOF, and Tx modules for biometric authentication, 3D sensing, and environmental perception applications such as smart locks, robotics, AGVs, and facial payment.
• W-HUD (Windshield Head-Up Display) Automotive head-up display based on TFT technology integrating instrument information, navigation, and entertainment displays projected into driver's sight line to improve driving safety and experience.
• AR-HUD (Augmented Reality Head-Up Display) Augmented reality head-up display projecting instrumentation, navigation, ADAS, and cockpit entertainment information to driver's front field of view via optical projection for enhanced driving comfort and safety.
• LiDAR Optical Window (激光雷达视窗片) Optical window for automotive LiDAR with composite coating for specific wavelength filtration, heated defogging, and dust/water/stain resistance for autonomous driving sensing.
• LCOS PGU Module (LCOS PGU 模组) Optical engine product based on LCOS (silicon-based liquid crystal) technology with complete design and production capability. Offers higher resolution, lower power consumption, and better environmental adaptability than DLP and TFT alternatives.
• PGU Module (PGU 模组) Optical engine module based on DLP (Digital Light Processing) technology with complete design and production capability. Offers wider color gamut, higher brightness output, and better environmental adaptability than TFT backlight modules.
• Smart Headlamp (智慧大灯) DLP projection-based smart headlight system with million-pixel light projection capability, adaptive curve illumination, pedestrian/vehicle anti-glare alerts, and various driving assistance features.
• Air Projection (空气投影) Medium-free floating projection technology allowing naked-eye observation of images in air without visible screen or special glasses, for innovative display experiences.
• IR Cut Filter and Assembly (红外截止滤光片及组立件) Optical filter assembly for color correction and accurate color reproduction in imaging applications, supplied to international mainstream mobile phone terminals.
• Narrow Bandpass Filter (窄带滤光片) Near-infrared bandpass coating on glass substrates achieving high transmission at specific wavelengths with deep cutoff elsewhere. Features low spectral shift at large angles for high recognition accuracy and strong anti-interference capability in 3D imaging products.
• Aspherical Lens (非球面镜片) Molded aspherical lenses including symmetric aspheric, hyperboloid, freeform, and cylindrical lenses for visible and infrared imaging/detection in security, automotive, mobile, projection, AR, drone, medical, and laser lens applications.
• Precision Optical Components (精密光学结构件) World's first integrated high-precision laser engraving and super-black coating technology provider, offering optical-grade artistic black components with precise opening/closing angles and anti-glare properties.
• Spherical Lens (球面透镜) Customized lens processing including biconvex, biconcave, cemented, and hat lenses to meet diverse functional requirements.
• Face Recognition Module (人脸识别模组) Dual-mode biometric module combining face and palm vein recognition in an ultra-compact form factor for smart locks, access control systems, and non-contact biometric applications.
• Structured Light Module (结构光模组) High-precision depth sensing module with liveness detection security chip for facial payment, smart locks, and robotics applications requiring accurate 3D reconstruction.
• dTOF Module (dTOF 模组) Direct time-of-flight module with ultra-wide field of view, long-range measurement capability, and low power consumption for robot navigation, obstacle avoidance, and object recognition.
• Tx Module (Tx 模组) Active stereo 3D perception module with 21K dot pattern and compact size for biometric authentication, environmental recognition, and AGV collision avoidance.

Quantifiable outcome

• 2024 H1 revenue: RMB 26.55 billion, +43.21% YoY
• +5 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature8 records

Partnerships

Eight partnerships are on record, tiered minor and core.

• HOYA (威海)minorStrategic or Co-development Partner · 8 April 2024HOYA (Weihai) representative attended and spoke at new factory opening ceremony for Taijia Optoelectronics
• 合力建设 (Heli Construction)minorImplementation/ SI/ Consulting Partner · 11 March 2024General contractor for COT Vietnam factory construction project
• ApplecoreOEM/ Whitelabel/ Licensing Partner · 1 January 2024Supply chain partner for optical components; showcased at 2nd CISCE; micro prism products for flagship iPhone models; deep collaboration on innovative optical modules
• Jaguar Land RovercoreStrategic or Co-development Partner · 1 January 2023Awarded HUD project from international mainstream OEM; first domestic AR-HUD supplier to achieve this milestone
• Chang'an AutocoreStrategic or Co-development Partner · 1 January 2020Exclusive AR-HUD supplier for Chang'an Deep Blue models; strategic partnership in automotive intelligent cockpit
• Digilens (US)coreStrategic or Co-development Partner · 1 January 2019Strategic cooperation in 2019 to layout diffractive waveguide route for AR optics
• Lumus (Israel)coreStrategic or Co-development Partner · 1 January 2011Strategic cooperation established in 2011 to layout reflective waveguide route for AR optics; additional investment made in 2016
• 日本光驰 (Japan Guangchi/Nihon Koki)coreStrategic or Co-development Partner · 1 January 2008Investment acquisition and long-term partnership; Japan Guangchi listed publicly in 2017; provides coating equipment and technology

Scale indicators23 records

Recent moves14 records

Expansion highlights5 records

Direct peers

• Largan Precision: Taiwanese leader in smartphone camera lens modules, supplying premium handset OEMs globally. Direct competitor in high-end periscope/telephoto lens modules for flagship smartphones.
• Sunny Optical Technology: Largest Chinese optical components manufacturer with overlapping product lines in smartphone camera lenses, automotive optical components, and AR/VR optics. Competes directly with Crystal-Optech in handset optics and AR waveguide technology.
• AAC Technologies: Hong Kong-listed Chinese supplier of optics, acoustics, and haptics for smartphones and consumer electronics. Competes in the same optical component categories and shares Apple as a major customer.
• O-Film Tech: Chinese optical modules and camera module manufacturer serving smartphone, automotive, and AR/VR markets. Direct competitor in smartphone camera modules and touch/display optical components for global OEMs.
• Genius Electronic Optical: Taiwanese manufacturer of precision optical lenses for smartphones, tablets, and notebooks. Competes directly with Crystal-Optech in smartphone camera lens supply chains serving Apple and Android OEMs.

Broad incumbents

• HOYA Corporation: Japanese optical glass and photonics giant with broad exposure to semiconductor optics, photomasks, and AR-related optical components. Established strategic partner of Crystal-Optech and broader incumbent in the optical components industry.
• Viavi Solutions: US-based provider of optical filters, light management solutions, and 3D sensing components for consumer electronics. Overlaps with Crystal-Optech's narrow bandpass filters and 3D sensing module businesses.
• Coherent Corp: US-based broad incumbent in photonics, optoelectronic components, and laser systems. Competes in adjacent optical component categories including filters, sensors, and precision optics for industrial and automotive applications.

Emerging players

• DigiLens: US-based diffractive waveguide developer for AR/MR applications. Strategic partner of Crystal-Optech since 2019, providing the alternative AR waveguide route alongside Lumus's reflective technology.
• Lumus: Israeli reflective waveguide technology leader for AR glasses. Strategic partner and minority investment recipient of Crystal-Optech since 2011/2016; competing in the same AR optics supply chain.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Crystal-Optech