Sunny Optical Technology (Group) Co (2382) AI Stock Analysis

• Market Cap: $74.93B
• Dividend Yield: 0.78%
• Average Volume (3M): 11.29M
• Price to Earnings (P/E): 21.1
• Beta (1Y): 1.35
• Revenue Growth: 7.53%
• EPS Growth: 87.77%
• Country: HK
• Employees: 33,884
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 1.66
• Shares Outstanding: 1,094,804,800
• 10 Day Avg. Volume: 12,122,838
• 30 Day Avg. Volume: 11,291,062
• PEG Ratio: 0.18
• Price to Book (P/B): 2.84
• Price to Sales (P/S): 1.84
• P/FCF Ratio: 58.93
• Enterprise Value/Market Cap: 0.92
• Enterprise Value/Revenue: 1.76
• Enterprise Value/Gross Profit: 8.98
• Enterprise Value/Ebitda: 14.06
• 1Y Price Target: $90.03
• Price Target Upside: 32.21% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 9
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 61 Neutral
• Price Target: HK$71.00 ▲(4.26% Upside)

Sunny Optical Technology's strong financial performance, characterized by revenue growth and profitability improvements, is offset by bearish technical indicators and a relatively high valuation. The absence of 2024 cash flow data and lack of earnings call insights add uncertainty, impacting the overall score.

Positive Factors

Revenue Growth

The significant revenue growth indicates strong demand for Sunny Optical's products, enhancing its market position and supporting long-term business expansion.

Profitability Improvement

Improved profitability margins suggest effective cost management and pricing strategies, which strengthen financial health and shareholder value over time.

Low Leverage

A low leverage ratio enhances financial stability and flexibility, allowing the company to invest in growth opportunities without significant financial strain.

Negative Factors

Cash Flow Uncertainty

The absence of recent cash flow data introduces uncertainty about the company's cash generation capabilities, potentially affecting its ability to fund operations and growth.

Operational Efficiency Challenges

Stagnant EBIT and declining EBITDA margins suggest potential inefficiencies in operations, which could hinder profitability improvements if not addressed.

Liability Increase

An increase in liabilities, even if slight, could indicate rising financial obligations that may impact future financial flexibility and risk profile.

Sunny Optical Technology (Group) Co Business Overview & Revenue Model

Company Description

Sunny Optical Technology (Group) Co., Ltd. is a leading optical components manufacturer based in China, primarily engaged in the design, development, and production of optical products. The company operates in two main sectors: Optical Products and Optical Components. Its core offerings include camera lenses, smartphone lenses, and other optical products used in various applications such as consumer electronics, automotive, and medical devices.

How the Company Makes Money

Sunny Optical generates revenue through the sale of its optical products and components to major global technology companies, particularly in the smartphone and consumer electronics markets. The company has established long-term relationships with key clients, including prominent smartphone manufacturers, which contribute significantly to its revenue stream. Additionally, Sunny Optical benefits from economies of scale and technological advancements that enable cost-effective production. The company's focus on research and development allows it to innovate and create high-quality optical solutions, further enhancing its market competitiveness. Strategic partnerships and collaborations with other technology firms also play a crucial role in driving revenue growth.

Sunny Optical Technology (Group) Co Financial Statement Overview

Summary

Sunny Optical Technology demonstrates robust revenue growth and improving profitability, with a solid balance sheet characterized by low leverage and increasing returns on equity. However, the absence of 2024 cash flow data limits a full assessment of cash generation capabilities, presenting a risk factor. The company is well-positioned in its industry, but operational efficiency and cash flow management need attention.

Income Statement

Sunny Optical Technology shows strong revenue growth with a 20.9% increase in 2024 compared to 2023. The gross profit margin improved to 18.3% from 14.5%, and net profit margin rose to 7.0% from 3.5%, indicating better profitability. However, EBIT margin remained relatively stable at 5.9%, and EBITDA margin slightly decreased to 11.1% from 12.2%, suggesting some operational efficiency challenges.

Balance Sheet

Sunny Optical Technology maintains a healthy balance sheet with a debt-to-equity ratio of approximately 0.25, pointing to low leverage. The return on equity (ROE) increased to 10.9% from 4.9% in 2023, reflecting improved shareholder returns. The equity ratio stands at 46.0%, indicating a strong equity position, but the slight increase in total liabilities warrants monitoring.

Cash Flow

The cash flow statement shows some concerns, as free cash flow data for 2024 is missing. Operating cash flow to net income ratio was unusually high in 2023 at 2.4, but data for 2024 is unavailable for comparison. While cash flow generation seems strong historically, the lack of 2024 data introduces uncertainty.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	39.09B	38.29B	31.68B	33.20B	37.50B	38.00B
Gross Profit	7.65B	7.01B	4.59B	6.60B	8.74B	8.70B
EBITDA	4.88B	4.25B	3.87B	4.38B	6.76B	6.75B
Net Income	3.27B	2.70B	1.10B	2.41B	4.99B	4.87B
Balance Sheet
Total Assets	55.80B	53.81B	50.30B	43.00B	38.77B	35.44B
Cash, Cash Equivalents and Short-Term Investments	24.05B	21.36B	21.51B	18.12B	15.04B	11.63B
Total Debt	6.65B	6.14B	5.78B	6.44B	6.21B	6.11B
Total Liabilities	29.20B	28.51B	27.42B	20.82B	17.88B	18.61B
Stockholders Equity	26.01B	24.76B	22.42B	21.84B	20.59B	16.60B
Cash Flow
Free Cash Flow	1.23B	1.19B	176.69M	4.33B	4.45B	4.48B
Operating Cash Flow	3.74B	3.46B	2.66B	7.38B	6.98B	7.16B
Investing Cash Flow	-6.45B	-10.44B	-1.49B	-3.83B	-2.90B	-5.98B
Financing Cash Flow	1.54B	-1.57B	4.86B	-2.16B	-1.24B	-222.25M

Sunny Optical Technology (Group) Co Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 68.10
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2382, the sentiment is Neutral. The current price of 68.1 is above the 20-day moving average (MA) of 66.39, below the 50-day MA of 74.09, and below the 200-day MA of 73.85, indicating a neutral trend. The MACD of -1.33 indicates Negative momentum. The RSI at 47.41 is Neutral, neither overbought nor oversold. The STOCH value of 76.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:2382.

Sunny Optical Technology (Group) Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1415	71 Outperform	HK$25.97B	19.43	33.34%	―	184.87%	276.87%
0710	70 Outperform	$3.87B	9.66	8.91%	3.29%	19.25%	-10.14%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
2382	61 Neutral	$74.93B	21.13	13.28%	0.78%	7.53%	87.77%
0285	60 Neutral	$79.31B	16.39	14.34%	1.81%	17.48%	10.65%
6088	56 Neutral	HK$37.68B	31.64	6.17%	―	4.33%	-10.79%
1478	51 Neutral	HK$11.24B	22.02	9.13%	2.68%	17.21%	166.36%

Sunny Optical Technology (Group) Co Corporate Events

Sunny Optical Technology Reports Significant Growth in October Shipments

Sunny Optical Technology announced a significant increase in the shipment volumes of its major products for October 2025. Notably, vehicle lens sets saw a year-on-year increase of 40.3%, and handset camera modules increased by 33.2%, driven by rising customer demand. These figures suggest a strong market position and potential growth in the company’s operations, reflecting positively on its industry standing and stakeholder interests.

Sunny Optical Shareholder Acquires Significant Stake, Signaling Growth Confidence

Sunny Optical Technology announced that Sun Xu Limited, a substantial shareholder, has acquired 720,000 ordinary shares of the company at approximately HK$74.0090 per share. This acquisition indicates confidence in the company’s long-term growth prospects. The company has ensured compliance with public float requirements following this transaction.

Sunny Optical Technology Announces New Board Structure

Sunny Optical Technology has announced changes to its board of directors, effective from November 1, 2025. The new board structure includes a mix of executive, non-executive, and independent non-executive directors, with Mr. Wang Tan Jiong serving as the Chairman. The company has also outlined the composition of its four key committees, which are expected to enhance its strategic direction and governance. These changes are likely to impact the company’s operations and industry positioning positively, potentially benefiting stakeholders by strengthening leadership and decision-making processes.

Sunny Optical Announces Leadership Changes with New Chairman Appointment

Sunny Optical Technology announced significant leadership changes effective November 1, 2025. Mr. Ye Liaoning has resigned as the chairman of the Board and executive director, transitioning to a consultancy role to ensure a smooth leadership transition. Mr. Wang Tan Jiong has been appointed as the new chairman of the Board and redesignated as an executive director. These changes are expected to maintain the company’s operational stability and strategic direction, with Mr. Wang bringing extensive experience in strategic planning and financial management to his new role.

Sunny Optical Reports Strong September Shipment Growth

Sunny Optical Technology has reported its shipment volumes for September 2025, highlighting significant growth in certain product categories. Notably, the shipment of vehicle lens sets increased by 25.2% year-on-year, driven by heightened customer demand, while handset camera modules saw a 32.0% year-on-year increase, indicating strong market demand. These developments suggest a positive impact on the company’s operations and market positioning, particularly in the automotive and consumer electronics sectors.

Sunny Optical Engages in Strategic Share Swap with Goertek Optical

Sunny Optical Technology has entered into a Share Swap & Merger Agreement with Goertek Optical, involving the transfer of its subsidiary’s entire equity interests in exchange for equity in Goertek Optical. This strategic move will result in Sunny Optical holding a significant stake in Goertek Optical, enhancing its market positioning and influence in the optical technology sector. The reorganization and capital injection are expected to strengthen the company’s operational capacity and shareholder value.

Sunny Optical Reports Strong Growth in August 2025 Shipments

Sunny Optical Technology announced its shipment volumes for August 2025, highlighting significant month-on-month growth in handset lens sets by 17% due to increased customer demand. The vehicle lens sets saw a year-on-year increase of 19.3%, although there was an 11.3% decrease month-on-month due to shipment delays requested by customers. The company also reported a notable 57.3% month-on-month and 45.1% year-on-year increase in microscopic instruments shipments, reflecting strong demand in this segment.