《大行》里昂升舜宇目标价至 96.9 元 中期业绩胜预期

Citi published a research report indicating that SUNNY OPTICAL (02382.HK) had a net profit of RMB 1.65 billion in the first half of the year, exceeding market expectations. The company's management expects that mobile-related revenue will grow by 5% to 10% year-on-year this year, and anticipates that the gross margins for mobile lenses (HLS) and mobile lens modules (HCM) in the second half of the year will be similar to those in the first half. The company also expects that revenue from automotive-related products will grow by more than 20% year-on-year this year, with revenue from automotive lenses (VLS) and automotive lens modules (ACM) expected to grow in tandem in the second half.

The firm expects that the profitability of SUNNY OPTICAL's mobile business will continue to improve, while its automotive and XR businesses will drive long-term growth for the company. The firm has raised its earnings forecasts for the company for this year and next by 5% and 9%, respectively, to RMB 3.69 billion and RMB 4.17 billion, and has increased its target price from HKD 88.7 to HKD 96.9, maintaining a "outperform" rating