---
title: "\"Big Banks\" Bank of America lowers SUNNY OPTICAL target price to 60 yuan, maintains \"Neutral\" rating"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/281299864.md"
description: "Bank of America Securities lowered the target price for SUNNY OPTICAL to HKD 60, maintaining a \"Neutral\" rating. SUNNY OPTICAL's net profit reached RMB 3 billion in the second half of last year, with revenue of RMB 23.6 billion, both in line with expectations. The gross profit margin was 19.6%, lower than market expectations. Considering the performance and management outlook, the earnings forecast for this year and next year has been slightly adjusted, with the target price based on a projected price-to-earnings ratio of 15 times for 2026, reflecting market concerns about the smartphone and automotive industries"
datetime: "2026-04-01T03:30:55.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281299864.md)
  - [en](https://longbridge.com/en/news/281299864.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281299864.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/281299864.md) | [繁體中文](https://longbridge.com/zh-HK/news/281299864.md)


# "Big Banks" Bank of America lowers SUNNY OPTICAL target price to 60 yuan, maintains "Neutral" rating

Bank of America Securities published a research report indicating that Sunny Optical (02382.HK) achieved a net profit of RMB 3 billion in the second half of last year, representing a 82% increase half-on-half and a 177% increase year-on-year, falling within the median range of earnings guidance and in line with expectations. Revenue increased by 20% half-on-half and 25% year-on-year to RMB 23.6 billion, also in line with expectations. The gross profit margin was 19.6%, which is 0.6 and 0.4 percentage points lower than the bank's and market expectations, respectively. Operating profit was affected by controlled expenses, reaching RMB 2 billion, in line with expectations.

Considering the performance and management outlook, Bank of America Securities slightly adjusted its earnings forecast for Sunny Optical for this year and next, lowering the target price from HKD 70 to HKD 60, based on a forecast price-to-earnings ratio of 15 times for 2026, down from the previous 18 times, to reflect market concerns about the smartphone and automotive industries, as well as Sunny's higher exposure to Android brand clients. The current price of the stock corresponds to a forecast price-to-earnings ratio of about 14 times for 2026, which is considered reasonable, maintaining a "Neutral" rating

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- [SUNNY OPTICAL (02382.HK)](https://longbridge.com/zh-CN/quote/02382.HK.md)

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