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Sunny Optical Technology (Group) Co
(OTC:2382)
Sunny Optical Technology (Group) Co (2382) vs. iShares MSCI Hong Kong ETF (EWH)
Sunny Optical Technology (Group) Co Business Overview & Revenue Model
Sunny Optical Technology (Group) Co Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 37.85B | 38.29B | 31.68B | 33.20B | 37.50B | 38.00B | Gross Profit |
| 7.75B | 7.01B | 4.59B | 6.60B | 8.74B | 8.70B | EBIT |
| 4.60B | 2.51B | 882.12M | 2.51B | 5.06B | 5.18B | EBITDA |
| 5.83B | 4.25B | 3.87B | 4.38B | 6.76B | 6.75B | Net Income Common Stockholders |
| 3.99B | 2.70B | 1.10B | 2.41B | 4.99B | 4.87B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 21.51B | 21.36B | 21.51B | 18.12B | 15.04B | 11.63B | Total Assets |
| 50.30B | 53.81B | 50.30B | 43.00B | 38.77B | 35.44B | Total Debt |
| 5.78B | 6.14B | 5.78B | 6.44B | 6.21B | 6.11B | Net Debt |
| -7.30B | 1.63B | -7.30B | -595.82M | 603.61M | 3.27B | Total Liabilities |
| 27.42B | 28.51B | 27.42B | 20.82B | 17.88B | 18.61B | Stockholders Equity |
| 22.42B | 24.76B | 22.42B | 21.84B | 20.59B | 16.60B |
| Cash Flow | Free Cash Flow | ||||
| 1.59B | 0.00 | 176.69M | 4.33B | 4.45B | 4.48B | Operating Cash Flow |
| 4.66B | 0.00 | 2.66B | 7.38B | 6.98B | 7.16B | Investing Cash Flow |
| -3.56B | 0.00 | -1.49B | -3.83B | -2.90B | -5.98B | Financing Cash Flow |
| -1.44B | 0.00 | 4.86B | -2.16B | -1.24B | -222.25M |
Sunny Optical Technology (Group) Co Technical Analysis
Sunny Optical Technology (Group) Co Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $71.49B | 24.33 | 11.45% | 0.85% | 18.80% | 142.93% | |
62 Neutral | $11.91B | 9.99 | -7.22% | 4.96% | 7.31% | -8.91% | |
| $8.52B | 14.75 | 13.83% | 2.02% | ― | ― | ||
62 Neutral | HK$8.64B | 28.44 | 5.64% | 10.81% | 26.76% | 237.96% | |
| $713.94M | 14.10 | 8.79% | 2.71% | ― | ― | ||
66 Neutral | HK$23.03B | 24.37 | 25.73% | ― | 168.87% | 150.80% | |
55 Neutral | HK$16.73B | 13.19 | 6.27% | ― | 5.75% | 18.75% |
Sunny Optical Technology (Group) Co Corporate Events
Sunny Optical Technology (Group) Co. has announced its upcoming annual general meeting (AGM) scheduled for May 27, 2025, in Hong Kong. The meeting will cover several key resolutions, including the approval of audited financial statements for 2024, the declaration of a final dividend, re-election of directors, and the re-appointment of Deloitte Touche Tohmatsu as external auditors. Additionally, the meeting will address the authorization of the board to allot and issue shares, with a cap set at 10% of the company’s share capital. These resolutions are crucial for the company’s governance and strategic planning, potentially impacting its market positioning and shareholder value.
Sunny Optical Technology announced changes in its board composition with the resignation of Ms. Jia Lina as an independent non-executive director, and the appointment of Ms. Thoeng Wai Yee Cheryl to the same position. Ms. Thoeng, with extensive experience in banking and audit services, will also serve as the chairwoman of the Audit Committee and a member of the Remuneration and Nomination Committees. These changes are expected to bring new insights and strengthen the company’s governance structure.
Sunny Optical Technology has announced the composition of its Board of Directors and the roles within its four committees. The announcement outlines the leadership structure, which includes executive, non-executive, and independent non-executive directors, highlighting the company’s governance framework and strategic oversight.
Sunny Optical Technology announced its shipment volumes for March 2025, highlighting significant changes in various product categories. While there was a notable year-on-year increase in the shipment of vehicle lens sets by 16.5% due to rising customer demand, the shipment of handset lens sets and handset camera modules decreased by 16.3% and 10.9% respectively, as the company shifted its focus to mid- to high-end projects. The announcement reflects the company’s strategic adjustments in product mix and its response to market demands.
Sunny Optical Technology reported a significant financial performance for the year ended December 31, 2024, with a 20.9% increase in revenue to approximately RMB 38,294.5 million. The company’s gross profit surged by 52.6% to RMB 7,006.0 million, and the profit attributable to owners rose by 145.5% to RMB 2,699.2 million. The board has proposed a final dividend of HKD 0.532 per share. These results reflect the company’s strong market positioning and operational efficiency, indicating positive implications for stakeholders and enhancing its competitive edge in the industry.
Sunny Optical Technology announced a final cash dividend of HKD 0.532 per share for the financial year ending December 31, 2024. The dividend reflects the company’s financial performance and commitment to returning value to its shareholders, with payment scheduled for June 27, 2025, following shareholder approval in May.
Sunny Optical Technology announced its shipment volumes for February 2025, revealing significant month-on-month decreases across several product categories due to seasonal factors and strategic shifts. Notably, while there was a sharp decline in vehicle lens sets and handset camera modules, the company improved its product mix by focusing on mid- to high-end projects, indicating a strategic move to enhance market positioning.
Sunny Optical Technology announced a clarification regarding its restricted share award scheme, correcting a previous reference to it as a ‘restrictive share award scheme.’ This correction does not alter any other information in the original announcement, and the scheme, initially adopted in 2010, remains unchanged. The announcement aims to ensure accurate communication with stakeholders and maintain transparency in its corporate governance practices.
Sunny Optical Technology has announced a change in the trustee for its Restrictive Share Award Scheme, effective from March 3, 2025. BOCI Trustee (Hong Kong) Limited will replace BOCI-Prudential Trustee Limited, with the latter confirming no disagreements with the company regarding this change. The rest of the scheme’s rules remain unchanged, indicating a smooth transition that is unlikely to impact stakeholders significantly.
Sunny Optical Technology has announced a board meeting scheduled for March 24, 2025, to review and approve the company’s annual report and results for the year ending December 31, 2024. The meeting will also consider the recommendation of a final dividend payment and address any other business matters, indicating potential financial distributions and operational evaluations that could impact stakeholders.
Sunny Optical Technology announced a significant increase in shipment volumes for various product categories in January 2025. Notably, the shipment of vehicle lens sets showed a 102% month-on-month increase, attributed to a low base in the previous month due to holiday seasons. Meanwhile, there was a decrease in the shipment of handset camera modules by 40.9% year-on-year, influenced by high shipment volumes in the same period last year and the impact of the Spring Festival Holiday this year.
Sunny Optical Technology (Group) Co., Ltd. has announced a significant rise in profits for the year ended December 31, 2024, with an expected increase of 140% to 150% from the previous year, driven by the recovery of the global smartphone market and strong demand for new energy vehicles. The company’s strategic positioning in high-end smartphone models and vehicle lens sets has bolstered its market leadership and enhanced its profitability, highlighting its adeptness in leveraging market trends.