The Zhitong Finance App learned that Gaowei Electronics (01415) rose more than 7% in the intraday period. As of press release, it had risen 6.78% to HK$18.9, with a turnover of HK$572.253 million.
According to the news, Apple CEO Cook recently revealed in an interview with the media at the 2024 Annual Meeting of the China Development High-Level Forum that Apple Vision Pro will be launched in the Chinese market within this year. Additionally, Everbright Securities is optimistic that Vision Pro may be listed on 4M24 or 5M24 in China, Japan, and Australia. The bank believes that in the medium term, along with the gradual improvement of the application ecosystem, it is expected that consumer-grade MR amplification will open up room for growth for the company. According to reports, the company is the exclusive supplier of camera modules for Vision Pro.
Furthermore, according to a research report released by Nomura, Gaowei Electronics' net profit for the second half of last year fell 46% year on year to US$29 million, 33% lower than the bank's forecast. The bank lowered the Group's earnings estimates, mainly to increase operating expenses in preparation for its penetration into the iPhone rear camera module (CCM). The bank expects the Group's sales to increase 39% year-on-year in the first half of this year. It also believes that starting in the second half of this year, the Group may gain 25% to 35% market share in the periscope lens and rear CCM fields of the iPhone 16 Pro models.