Sunny Optical Forecasts Substantial Profit Jump

Sunny Optical Technology (Group) Co (HK:2382) has released an update.

Sunny Optical Technology (Group) Co has announced a positive profit alert, with an expected increase of approximately 140% to 150% in profits for the first half of 2024, reaching up to RMB 1.0918 billion. This surge is attributed to the recovering smartphone market, improved product mix, and higher average selling prices, leading to increased shipments and margins for handset lens sets and camera modules. Shareholders and potential investors are advised to exercise caution when dealing in the company’s shares until the finalized interim results are announced later in August.

For further insights into HK:2382 stock, check out TipRanks’ Stock Analysis page.