SUNNY OPTICAL(HK:02382) Zhi Tong Cai Jing·2026-01-06 08:27Group 1 - Citi has released a report indicating that Sunny Optical Technology (02382) is considering a spin-off of its automotive-related optical business for an independent listing on the Hong Kong Stock Exchange [1] - The automotive-related business includes camera lenses, camera modules, optical radar components, and products, which are expected to account for 17% of Sunny Optical's revenue in the first half of 2025 [1] - The report anticipates structural double-digit growth for the automotive business due to increased penetration of Advanced Driver Assistance Systems (ADAS) and trends in specification upgrades [1] Group 2 - The report suggests that an independent listing of the automotive-related business could provide a market valuation for this segment while Sunny Optical maintains its status as the controlling shareholder [1] - This potential spin-off is believed to act as a positive catalyst for Sunny Optical's stock price [1]