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

• Market Cap: $93.07B
• Dividend Yield: 0.64%
• Average Volume (3M): 10.52M
• Price to Earnings (P/E): 25.8
• Beta (1Y): 1.31
• Revenue Growth: 7.53%
• EPS Growth: 87.77%
• Country: HK
• Employees: 33,884
• Sector: Technology
• Sector Strength: 85
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 1.65
• Shares Outstanding: 1,094,804,800
• 10 Day Avg. Volume: 15,229,593
• 30 Day Avg. Volume: 10,519,714
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 0.74
• Enterprise Value/Revenue: 1.79
• Enterprise Value/Gross Profit: 9.81
• Enterprise Value/Ebitda: 16.16
• 1Y Price Target: $98.65
• Price Target Upside: 18.01% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 10

• Rating: 75 Outperform
• Price Target: HK$92.00 ▲(10.05% Upside)

Sunny Optical Technology's strong financial performance, characterized by revenue growth and improved profitability, is the most significant factor driving its stock score. Positive technical indicators further support the stock's outlook. However, the moderate valuation and lack of recent cash flow data introduce some caution.

Positive Factors

Auto Segment Growth

High-margin auto-related revenue is expected to grow over 20% year-on-year, driven by a shift in the product mix towards 8MP+ optics and ADAS modules.

Market Share

Sunny Optical commands a 30% market share in handset lens sets globally, with broad product exposure across several segments including consumer electronics, vehicles, and robots.

XR Revenue Growth

XR revenue jumped 21% year over year due to momentum in AI glasses, positioning Sunny Optical for multi-year expansion.

Negative Factors

Earnings Forecast Cut

Earnings forecasts for FY25 and FY26 have been cut by 11% and 14% respectively, reflecting a prolonged soft market.

Profitability Concerns

Sunny stated concerns about profitability if the supply chain is to be moved to the US market.

Sluggish Handset Shipments

Many investors were disappointed about the sluggish handset product shipment, although the average selling price increased by over 20%.

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

Company Description

Sunny Optical Technology (Group) Company Limited, an investment holding company, engages in designing, researching, developing, manufacturing, and selling optical and optical related products, and scientific instruments. The company's Optical Components segment offers glass spherical and aspherical lenses, handset lens sets, vehicle lens sets, security surveillance lens sets, and other lens sets. Its Optoelectronic Products segment comprise handset camera modules, three dimensional optoelectronic products, vehicle modules, and other optoelectronic modules. The company's Optical Instruments segment includes microscopes and intelligent inspection equipment for testing. Its optoelectronic-related products are used in handsets, digital cameras, vehicle imaging and sensing systems, security surveillance systems, virtual reality/augmented reality, and robots, which are combined with optical, electronic, algorithm, and mechanical technologies. In addition, the company engages in the research and development of infrared and semiconductor technologies; trading of optical instruments and optoelectronics products; property leasing activities; and development, service, and consultation of technology; provision of financing services; and import and export agency services. It operates primarily in the People's Republic of China, rest of Asia, Europe, North America, and internationally. The company was founded in 1984 and is headquartered in Yuyao, China.

How the Company Makes Money

Sunny Optical Technology makes money primarily through the sale of optical products and components. The company's revenue streams are driven by the production and sale of camera modules and lens sets, which are crucial components in smartphones, tablets, and other digital devices. The automotive sector also contributes significantly to its revenue, with sales of vehicle lenses and imaging systems used in advanced driver-assistance systems (ADAS) and autonomous vehicles. Additionally, Sunny Optical has established partnerships with major technology companies and automakers, which enhances its revenue potential and market reach. The company's ability to innovate and deliver high-quality optical solutions is a key factor in maintaining its competitive edge and driving growth.

Sunny Optical Technology (Group) Co Financial Statement Overview

Summary

Sunny Optical Technology shows strong revenue growth and improving profitability, supported by a solid balance sheet with low leverage and increasing returns on equity. However, the lack of 2024 cash flow data presents a risk, and operational efficiency challenges are noted.

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

Sunny Optical Technology (Group) Co Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 83.60
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2382, the sentiment is Positive. The current price of 83.6 is above the 20-day moving average (MA) of 77.93, above the 50-day MA of 74.26, and above the 200-day MA of 70.28, indicating a bullish trend. The MACD of 2.55 indicates Negative momentum. The RSI at 61.53 is Neutral, neither overbought nor oversold. The STOCH value of 81.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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
2382	75 Outperform	$93.07B	25.76	13.28%	0.64%	7.53%	87.77%
6088	70 Outperform	HK$33.45B	28.13	6.17%	―	4.33%	-10.79%
Sector *	61 Neutral	$35.62B	8.22	-10.94%	1.88%	8.86%	-10.36%
BYDIF	―	$11.53B	18.02	13.83%	1.67%	―	―
1478	67 Neutral	HK$18.38B	35.40	9.13%	0.66%	17.21%	166.36%
VARXF	―	$702.48M	14.29	8.91%	0.30%	―	―
1415	66 Neutral	HK$28.83B	21.68	33.34%	―	184.87%	276.87%

Sunny Optical Technology (Group) Co Corporate Events

Sunny Optical Announces Board Meeting to Review Interim Results

Sunny Optical Technology (Group) Co. has announced a board meeting scheduled for August 19, 2025, to review and approve the draft interim report and interim results for the first half of 2025. This meeting will be crucial for stakeholders as it will provide insights into the company’s financial performance and strategic direction for the remainder of the year.

The most recent analyst rating on (HK:2382) stock is a Buy with a HK$90.00 price target. To see the full list of analyst forecasts on Sunny Optical Technology (Group) Co stock, see the HK:2382 Stock Forecast page.

Sunny Optical Reports Mixed June 2025 Shipment Volumes

Sunny Optical Technology announced its shipment volumes for June 2025, highlighting a mixed performance across its product categories. The company saw a notable year-on-year increase of 44.6% in vehicle lens sets due to rising customer demand, while handset lens sets experienced a 12.7% decline as the company shifted focus to higher-end projects. The shipment of handset camera modules rose by 11.1% month-on-month, driven by specific customer project cycles. This announcement reflects the company’s strategic adjustments in product focus and market positioning, potentially impacting its stakeholders and market share.

The most recent analyst rating on (HK:2382) stock is a Buy with a HK$59.00 price target. To see the full list of analyst forecasts on Sunny Optical Technology (Group) Co stock, see the HK:2382 Stock Forecast page.

Sunny Optical Announces Key Board Appointments and Resignations

Sunny Optical Technology has announced the appointment of Mr. Ni Wenjun as an executive director and member of both the Remuneration and Strategy and Development Committees, effective July 1, 2025. Mr. Ni brings extensive management experience from various roles in the manufacturing industry, which is expected to strengthen the company’s strategic direction. Concurrently, Mr. Feng Hua Jun has resigned from the Remuneration Committee but will continue to serve as an independent non-executive director and member of other key committees. These changes reflect the company’s ongoing efforts to enhance its leadership structure and strategic capabilities.

The most recent analyst rating on (HK:2382) stock is a Buy with a HK$97.00 price target. To see the full list of analyst forecasts on Sunny Optical Technology (Group) Co stock, see the HK:2382 Stock Forecast page.

Sunny Optical Updates Board of Directors and Committee Roles

Sunny Optical Technology (Group) Co., Ltd. has announced the updated list of its board of directors and their roles, effective from July 1, 2025. This update includes the composition of four key committees, which is crucial for the company’s governance and strategic planning, potentially impacting its operational efficiency and industry standing.

The most recent analyst rating on (HK:2382) stock is a Buy with a HK$97.00 price target. To see the full list of analyst forecasts on Sunny Optical Technology (Group) Co stock, see the HK:2382 Stock Forecast page.

Sunny Optical Technology Reports Mixed Shipment Volumes for May 2025

Sunny Optical Technology announced its shipment volumes for May 2025, revealing a mixed performance across its product categories. The company experienced a significant year-on-year increase in vehicle lens sets due to rising customer demand, while handset camera modules saw a decline as the company shifted focus to mid- to high-end projects, improving the product mix.

The most recent analyst rating on (HK:2382) stock is a Hold with a HK$80.00 price target. To see the full list of analyst forecasts on Sunny Optical Technology (Group) Co stock, see the HK:2382 Stock Forecast page.

Sunny Optical Technology Successfully Passes All AGM Resolutions

Sunny Optical Technology announced that all resolutions proposed at their Annual General Meeting on May 27, 2025, were successfully passed by shareholders. Key resolutions included the approval of the audited accounts, declaration of a final dividend, re-election of directors, reappointment of auditors, and granting of mandates for share issuance and repurchase. This outcome reflects strong shareholder support and positions the company for continued strategic actions in the upcoming year.

The most recent analyst rating on (HK:2382) stock is a Hold with a HK$80.00 price target. To see the full list of analyst forecasts on Sunny Optical Technology (Group) Co stock, see the HK:2382 Stock Forecast page.

Sunny Optical Reports Mixed Shipment Trends in April 2025

Sunny Optical Technology announced a notable increase in the shipment volumes of its vehicle lens sets and other lens sets in April 2025, reflecting a strong demand from customers. However, the shipment volume of handset camera modules saw a decline, attributed to the company’s strategic focus on mid- to high-end projects, which improved the product mix compared to the previous year.