舜宇光学科技：多元增长，预测全年一致预期营收410.85~439.15亿元，同比增长7.3%~14.7%

Core Viewpoint - Sunny Optical Technology is expected to achieve a revenue of 41.085 to 43.915 billion yuan for the year, representing a year-on-year growth of 7.3% to 14.7% [1][6] - The net profit is projected to be between 3.263 to 3.810 billion yuan, with a year-on-year increase of 20.9% to 41.2% [1][6] - Adjusted net profit is forecasted at 3.770 billion yuan [1][6] Revenue and Profit Forecast - The consensus forecast for revenue ranges from 41.085 to 43.915 billion yuan, with an average estimate of 42.732 billion yuan, indicating an 11.6% year-on-year growth [3][8] - The net profit forecast is between 3.263 to 3.810 billion yuan, with an average estimate of 3.628 billion yuan, reflecting a 34.4% year-on-year increase [3][8] - The adjusted net profit is consistently estimated at 3.770 billion yuan across various forecasts [3][8] Business Segments - In the smartphone-related products segment, Sunny Optical holds the global market share for smartphone lenses, with growth driven by product structure optimization and advancements in new technology [5][10] - The automotive-related products segment shows Sunny Optical leading in global shipments of automotive lenses, with a strong market position and rapid development in automotive module fields [5][10] - Other business areas, particularly XR and IoT, exhibit significant growth potential, leveraging technology reuse and AI capabilities for increased profitability [5][11] Recent Performance Insights - In October 2025, smartphone lens shipments increased by 4.0% month-on-month and 5.7% year-on-year, while smartphone camera module shipments saw a substantial year-on-year growth of 33.2% [6][11] - Automotive lens shipments experienced a remarkable year-on-year growth of 40.3%, indicating strong performance in the smart driving sector [6][11] - The XR product line is gaining traction due to rapid advancements in AI technology, with collaborations with leading global manufacturers for display and interaction products [6][11]