The Zhitong Finance App learned that Sunyu Optical Technology (02382) is now up more than 3%. As of press release, it has risen 3.1% to HK$43.25, with a turnover of HK$443 million.
According to the news, the company recently released shipment data for April. The number of mobile phone lenses shipped in April was about 102 million pieces, down 9.8% from the previous month, up 6.4% year on year; mobile phone camera module shipments were 45.683 million pieces, up 9% from the previous month and 1.1% year on year. CICC pointed out that looking at the mobile phone business as a whole, the bank believes that Shunyu Mobile Optical has comprehensive customer coverage and high-quality product competitiveness. Investors are advised to keep up with the shipping trends in the mobile phone optical business and pay attention to the company's profit recovery opportunities.
Furthermore, according to the China Quality Certification Center website, Apple's headphone product Vision Pro has passed China's 3C certification. Zhongtai Securities previously stated that the listing of Vision Pro is expected to drive innovation and development in the XR industry. In '23, Shunyu Optics' XR business revenue was 1.87 billion yuan, yoy -9.3%. The company further deepened strategic cooperation with mainstream VR players around the world and continued to strengthen R&D and mass production capabilities of optical waveguides/optical machines and light engines in the AR field, which is expected to benefit from AR's long-term growth.