
Core Viewpoint - Haitong International's report indicates that Sunny Optical Technology (02382) achieved revenue in line with expectations for the first half of the year, with a significant highlight being its profitability, which saw a year-on-year increase of 52.6% to 1.65 billion RMB [1] Revenue and Profitability - The company's management reiterated confidence in sustaining revenue growth at a mid to high single-digit percentage [1] - The target price for the company has been raised from HKD 72.1 to HKD 90.53, maintaining an "outperform" rating [1] Business Segments Performance - Higher profit margins are anticipated for Sunny Optical due to stable smartphone shipment volumes [1] - The average selling prices for lenses and modules are expected to increase by 25% and 13% respectively this year, with further increases of 1.6% and 6% projected for next year [1] - Revenue from the automotive product segment is expected to grow by 20% and 18% over the next two years [1] - Profit expansion is anticipated across all business segments [1]