SUNNY OPTICAL(HK:02382) Xin Lang Cai Jing·2026-02-12 12:12Core Viewpoint - Sunny Optical Technology is expected to achieve significant growth in net profit for 2025, reaching between 45.89 billion to 47.24 billion yuan, representing a year-on-year increase of 70% to 75%, which exceeds market expectations [3][8]. Financial Performance Forecast - The projected revenue for Sunny Optical Technology is between 413.46 billion to 446.00 billion yuan, with a year-on-year growth of 8.0% to 16.5% [1][5]. - The forecasted net profit is estimated to be between 32.63 billion to 46.31 billion yuan, with a year-on-year growth of 20.9% to 71.6% [1][5]. - The adjusted net profit is anticipated to be 34.82 billion yuan [1][5]. Business Segments - Smartphone Camera Upgrades: The company continues to benefit from upgrades in flagship and mid-to-high-end smartphone camera specifications, including variable aperture and periscope cameras, driving the development of high-value products such as 6P and above lenses, glass-plastic hybrid lenses, and large format modules [4][9]. - Automotive Business Growth: With the deepening trend of smart driving, the company's automotive lens and module business is expanding in both domestic and overseas markets, with laser radar projects expected to achieve rapid growth [10]. - AI/AR Glasses Business: The company holds a leading global market share in imaging modules for smart glasses, with strong growth anticipated in AI/AR glasses from 2026 to 2027, which is expected to be a significant driver of business growth [10].