大和：升舜宇光学科技目标价至85港元 产品组合改善推动增长

Core Viewpoint - Daiwa released a report indicating that Sunny Optical Technology (02382) will have stable performance in the first half of 2025, despite shipment volumes not meeting expectations, due to continuous improvement in product mix [1] Group 1: Company Performance - Sunny Optical's smartphone sales growth rate is expected to further increase in the second half of 2025 [1] - Daiwa has reiterated its "outperform" rating for Sunny Optical and raised the 12-month target price from HKD 72 to HKD 85 [1] Group 2: Financial Projections - Based on the continuous improvement in product mix, Daiwa expects an increase in the average selling price and gross margin of Sunny Optical's smartphone lenses (HLS) and smartphone camera modules (HCM) [1] - Earnings per share forecasts for Sunny Optical for 2025 to 2027 have been raised by 12% to 15% [1]