Apple’s glass supplier becomes China’s richest woman




Zhou Qunfei, chairwoman of Lens Technology.   Web Photo 






BEIJING  |  2015-04-01 14:42:44


Apple’s glass supplier

becomes China’s richest woman


By Rong Jiaojiao



Zhou Qunfei (周群飞), chairwoman of Lens Technology (蓝思科技), has been crowned as China’s richest woman with a total share holding value of 46.22 billion yuan (7.58 billion U.S. dollars)as of Tuesday afternoon of March 31.

Her company’s share value surged to 78.08 yuan per share on Tuesday of of March 31, jumping by the daily limit for 10 straight days since it debuted on the Growth Enterprise Market board in Shenzhen on March 18, with an offering price of 22.99 yuan per share.

On Wednesday morning, Lens Technology, a major Apple Inc supplier, saw its share value surge by the daily limit for the 11th day at 85.89 yuan per share, extending the glory of the country’s richest woman.

Dubbed as the “Queen of Mobile Phone Glass”, Zhou has ousted Chan Laiwa, founder of Beijing Red Sandalwood Cultural Foundation, who was previously named China’s richest woman with total assets of 6.1 billion U.S. dollars, according to a global billionaire list by Forbes released in March.

Lens Technology makes glass covers for various consumer electronic products such as smartphones,computers and cameras. Its sales revenue to Apple and Samsung reached nine billion yuan in 2014, accounting for more than 70 percent of the company’s total revenue.

Zhou’s life is a classic rags to riches story. Born in 1970 in a small village in central China’s Hunan Province, she started working as a factory girl making glass for watches in China’s southern city of Shenzhen.

In 2003, she founded her own company. Headquartered in her hometown Hunan, the company has now grown to include 10 subsidiary companies with locations all over China, and employs 60,000 people.

Zhou has maintained a low-profile in the past decade and very little is known about her secret of standing out from other highly competitive companies. She once told the press that she contributed her success to “hard work” and “persistence”.

Despite of the company’s good performance in the stock market, analysts have also expressed some concern on the company’s ability to sustain profitability. After posting a net profit of 2 billion yuan in 2012, Lens technology saw net profit drop to 1.17 billion yuan in 2014.

The company said that the decline was due to slump in the gross profits of mobile phone glass covers.

Lens Technology is also highly reliant on major clients such as Apple and Samsung. Between 2012 and 2014, the combined sales to the two industry giants took up more than 70 percent of the company’s entire sales revenue.

Lens Technology said in its prospectus that it will see profit fall by 50 percent if there is any fluctuation in the supplies to Apple or Samsung.

Nevertheless, the company has announced recently that it provides glass for Apple’s newly launched Apple Watch. It can be foreseen that the richest woman will continue to keep her mobile phone glass kingdom ticking.









  1. MarkGinge wrote:

    viagra pills 100mg
    viagra online
    thuoc zosert 100mg viagra
    [URL= ]sildenafil 100 mg[/URL]

  2. MarkGinge wrote:

    buy viagra uk over counter
    female viagra pills
    zolpidem 10 mg wirkung viagra
    [URL= ]sildenafil 100 mg[/URL]

  3. Hi, its understandable post along with this YouTube video; I can’t think that one can not understand this easy post having with video demo.

  4. Awesome YouTube movies posted at this web site, I am going to subscribe for on a regular basis updates, since I don’t want to miss this series.

  5. MarkGinge wrote:

    generic viagra images
    viagra for sale
    50 mn inside generique viagra
    [URL= ]cost of viagra[/URL]

  6. MarkGinge wrote:

    using viagra in your 20s in your 30s
    viagra pills
    generic viagra paraguaio
    [URL= ]buy viagra online[/URL]

  7. women viagra wrote:

    Ahaa, its pleasant conversation about this paragraph here at this weblog, I have read all that, so now me also commenting here.

  8. Hi there to all, because I am really eager of reading this blog’s post to be updated regularly. It includes fastidious information.

  9. MarkGinge wrote:

    seroflo 250 inhaler cipla viagra
    cost of viagra
    buy viagra uk chemist shops
    [URL= ]viagra for sale[/URL]

  10. viagra prices wrote:

    What’s up to every single one, it’s actually a good for me to go to see this web site, it consists of important Information.

  11. buy viagra wrote:

    If you are interested to learn SEO strategies then you must read this article, I am sure you will take much more from this piece of writing on the topic of Web optimization.

  12. What’s up I am from Australia, this time I am viewing this cooking related video at this website, I am truly delighted and learning more from it. Thanks for sharing.

  13. MarkGinge wrote:

    cheap viagra 100mg pills
    viagra online
    alfuzosin hcl er generic viagra
    [URL= ]viagra generic[/URL]

  14. viagra coupon wrote:

    Hi to all, how is the whole thing, I think every one is getting more from this site, and your views are nice in favor of new viewers.

  15. MarkGinge wrote:

    viagra super active plus 100mg
    viagra coupons
    valor bup 150 mg viagra
    [URL= ]viagra substitute[/URL]

  16. viagra 100 mg wrote:

    Hello it’s me Fiona, I am also visiting this web site daily, this web page is truly nice and the visitors are truly sharing pleasant thoughts.

  17. MarkGinge wrote:

    generic viagra forum uk fur
    viagra generic
    casodex 50 generico do viagra
    [URL=Г©rico ]viagra pills[/URL]

  18. MarkGinge wrote:

    viagra market share 2011
    natural viagra
    laboratorio teuto generic viagra
    [URL= ]viagra 100 mg[/URL]

  19. viagra 100mg wrote:

    When someone writes an article he/she keeps the idea of a user in his/her mind that how a user can understand it. So that’s why this paragraph is perfect. Thanks!

Leave a Reply