Connett Optics (02276) is now up more than 6%. As of press release, it is up 6.4% to HK$7.98, with a turnover of HK$10.6411 million.
The Zhitong Finance App learned that Connett Optics (02276) is now up more than 6%. As of press release, it has risen 6.4% to HK$7.98, with a turnover of HK$10.6411 million.
According to the news, Connett Optics will release its annual results on the 27th of this month. The company previously announced Yingxi, and its annual net profit is expected to increase by no less than 30% year-on-year. Mainly due to an increase in revenue due to an increase in the scale of the resin eyeglass lens business; an increase in gross profit due to an increase in gross margin of products; a certain increase in exchange income due to the appreciation of the US dollar against the RMB; and a decrease in financial expenses due to a decrease in interest rates on interest-bearing bank loans and bank loans.
According to the Guosheng Securities Research Report, Connett Optics is deeply involved in the lens industry, has a stable global position, strong customer stickiness, gradual strengthening of the competitiveness of its own brands, continuous deepening of customization capabilities, and a steady increase in the sales share of its own brands & customized products, driving continuous improvement in unit prices and profitability.