Summary by Moomoo AI
SHUNYU OPTICAL TECHNOLOGY ISSUED A VOLUNTARY ANNOUNCEMENT ON MARCH 8, 2024, ANNOUNCING THE SHIPMENT VOLUME OF ITS MAIN PRODUCTS IN FEBRUARY 2024. The report showed that mobile phone lens shipments grew 29.4% year-on-year to 104,387 thousand units, driven by weak smartphone market demand in the same period last year. Vehicle lens shipments decreased 35.2% to 7,805 thousand units, affected by the Spring Festival holiday. Mobile camera module shipments rose by 72.1% year-on-year to 52,067,000 units, but fell 16.4%, also due to the Spring holidays. Shipments of other photovoltaic products decreased marginally by 2.7%, down 14.3% year-on-year. Glass spherical lens shipments decreased by 37.5% year-over-year, but were still up 8.6% year-over-year. Other lens shipments decreased 24.0% year-over-year and increased by 106.8% year-over-year. The announcement was made by Mr. Ye Liaoning, Chairman of the Board and Executive Director, on behalf of the Board.