SUNNY OPTICAL opened high at 3.1%, expected to have at least a 70% increase in profit last year

Sunny Optical (02382.HK) issued a profit warning, stimulating the stock price to open 3.1% higher today (30th), at HKD 64.85. Pre-market trading volume was 576,000 shares, involving HKD 37.0218 million.

Sunny Optical expects that the profit attributable to shareholders for last year will be approximately RMB 4.589 billion to RMB 4.724 billion, representing a year-on-year growth of about 70% to 75%, mainly benefiting from product iteration, increased average selling prices of mobile phone lenses and camera modules, and improved gross margins. In addition, the company transferred all equity of certain subsidiaries in exchange for equity in Goertek, generating an investment income of approximately RMB 919 million