SUNNY OPTICAL(HK:02382) Zhi Tong Cai Jing·2025-08-15 02:26Core Viewpoint - Sunny Optical (02382) experienced a decline of over 3%, currently trading at HKD 77.3 with a transaction volume of HKD 294 million. The company reported mixed results in its lens shipment volumes for mobile and automotive applications, indicating a focus on mid-to-high-end products despite a year-on-year decrease in mobile lens shipments [1][1]. Shipment Volumes - Mobile lens shipments for July 2025 are approximately 98.57 million units, reflecting a quarter-on-quarter increase of 3.7% but a year-on-year decrease of 14.6% [1]. - Automotive lens shipments reached 11.35 million units, showing a quarter-on-quarter increase of 2.7% and a year-on-year increase of 28.8% [1]. - Mobile camera module shipments totaled 42.63 million units, with a quarter-on-quarter increase of 1.7% and a year-on-year decrease of 2.9% [1]. Market Sentiment and Stock Performance - According to Huaxing Securities, from May 12 to August 11, the company's stock price increased by 15.2%, outperforming the Hong Kong Hang Seng Index, which rose by 7.8%. This increase is attributed to improved market sentiment regarding US-China tariff issues following progress in trade talks [1][1]. - Despite the positive sentiment, the company’s recent shipment volumes for mobile and automotive lenses may fall short of market expectations, leading to a "hold" rating and a target price of HKD 77 [1][1]. - The firm anticipates a lack of catalysts from the automotive lens business in the second half of 2025 [1].