Lates News

Goldman Sachs released a research report stating that the shipment volume of smartphone lenses of Sunny Optical Technology increased by 1% annually, while the shipment volume of camera modules decreased by 14% and vehicle lenses increased by 29%. The shipment volumes for the first four months reached 65%, 73%, and 58% of the bank's previous forecast for the first half of the year. The bank maintained a "neutral" rating for the group and raised the target price from 79.9 Hong Kong dollars to 83.1 Hong Kong dollars. After taking into account the latest shipment volumes, the bank raised Sunny Optical's profit forecasts for 2025 to 2027 by 4%, 3%, and 3%; due to the shift in product mix towards higher-profit vehicle lenses, the bank also raised the group's gross margin forecasts for 2025 to 2027 by 0.4, 0.2, and 0.2 percentage points.