Company Overview - Crystal Optoelectronics, established on August 2, 2002, and listed on September 19, 2008, is located in Taizhou, Zhejiang Province. The company specializes in the research, production, and sales of optical imaging, film optical panels, automotive electronics (AR+), reflective materials, and related products [1]. - The main business revenue composition is as follows: Consumer Electronics 84.20%, Automotive Electronics (AR+) 8.00%, Reflective Materials 6.21%, and Others 1.60% [1]. Stock Performance - On September 26, Crystal Optoelectronics' stock fell by 5.09%, closing at 26.13 CNY per share, with a trading volume of 1.428 billion CNY and a turnover rate of 3.94%. The total market capitalization is 36.337 billion CNY [1]. Fund Holdings - According to data from the top ten holdings of funds, one fund under Yuanxin Yongfeng has a significant position in Crystal Optoelectronics. The Yuanxin Yongfeng Multi-Strategy Fund (004148) held 403,900 shares in the second quarter, accounting for 3.01% of the fund's net value, making it the sixth-largest holding. The estimated floating loss today is approximately 565,500 CNY [2]. - The Yuanxin Yongfeng Multi-Strategy Fund (004148) was established on March 29, 2017, with a current scale of 268 million CNY. Year-to-date returns are 48.59%, ranking 1303 out of 8171 in its category; the one-year return is 82.31%, ranking 1083 out of 8004; and since inception, the return is 132.02% [2]. Fund Management - The fund manager of Yuanxin Yongfeng Multi-Strategy Fund (004148) is Hu Chunxia, who has been in the position for 7 years and 191 days. The total asset scale of the fund is 2.59 billion CNY, with the best fund return during her tenure being 79.27% and the worst being -25.6% [3].

Group 1 - Goldman Sachs released a report indicating that Sunny Optical Technology (02382) management expressed a positive outlook on the company's profitability improvement, driven by the trend of smartphone lens specification upgrades [1] - Goldman Sachs forecasts that the company's gross margin will rebound to 19.7% and 20.2% in 2023 and 2024, respectively, compared to 14.5% and 18.3% in the past two years, but still below the 22% to 23% levels seen in 2020 and 2021 [1] - Goldman Sachs maintains a "Neutral" rating on Sunny Optical, adjusting profit forecasts for 2025 to 2027 upwards by 10%, 2%, and 2%, while keeping revenue forecasts largely unchanged and increasing gross margin forecasts by 0.5, 0.2, and 0.1 percentage points [1] Group 2 - The target price for Sunny Optical has been raised from HKD 89 to HKD 91.1 [1]