Summary by Moomoo AI
Shunyu Optical Technology's main product shipments in March 2024 showed that mobile phone lens shipments increased by 33.7% year-on-year to reach 112,723 thousand units, mainly benefiting from a low base of weak smartphone market demand in the same period last year. Vehicle lens shipments rose 17.0% year-on-year to 8,432 thousand units, driven by the company's increased market share of new energy car brands in the country. However, mobile camera module shipments increased 15.1% year-over-year to 41,895 thousand units, with a 19.5% decline in the ratio, mainly due to the periodic impact of client projects. Other products such as glass spherical lenses and optical instruments for other photovoltaic products also showed strong year-on-year growth of 19.0% and 65.9%, respectively. The Board of Directors of the Company is jointly and individually responsible for the accuracy of the announcement and was promulgated on 9 April 2024 on behalf of the Board by Chairman and Executive Director Ye Liaoning.