SUNNY OPTICAL(HK:02382) Ju Chao Zi Xun·2025-10-10 14:30Core Viewpoint - Sunny Optical Technology (02382.HK) reported a significant increase in mobile camera module shipments in September, indicating a positive trend in the company's performance and the optical industry as a whole [1][3]. Group 1: Shipment Data - The company shipped 48.52 million mobile camera modules in September, representing a year-on-year growth of 32% [1]. - Mobile lens shipments totaled 118 million units, showing a slight decline of 1% year-on-year [3]. - The automotive lens shipments reached 11.66 million units, reflecting a year-on-year increase of 25% [3]. Group 2: Factors Driving Growth - The growth in mobile camera module shipments is attributed to increased shipments of certain flagship models and optimization of the new product structure [3]. - The company has been investing heavily in R&D for high-end mobile optical modules, automotive lenses, and AR/VR optical systems to enhance product competitiveness and customer penetration [3]. Group 3: Market Outlook - Analysts suggest that the global smartphone market is recovering, with rising demand for high-pixel, periscope, and multi-camera modules, which may lead to a rebound in shipments for optical supply chain companies [3]. - Sunny Optical holds a leading advantage in the high-end camera module sector due to its technological accumulation and stable customer base [3]. - The automotive business is expected to expand significantly as the penetration rate of smart driving increases, enhancing the demand for camera module applications [3]. Group 4: Future Prospects - The company is expected to see continued improvement in its performance in the second half of the year, benefiting from new product launches and steady growth in automotive electronics [3]. - Sunny Optical plans to accelerate optical innovation and smart manufacturing upgrades to explore dual growth opportunities in consumer electronics and automotive optics [3].