车载镜头模组(ACM)

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里昂:升舜宇光学科技(02382)目标价至96.9港元 中期业绩胜预期
智通财经网· 2025-08-21 07:08
Core Viewpoint - The report from Credit Lyonnais indicates an upward revision of Sunny Optical Technology's earnings forecast for the next two years by 5% and 9%, respectively, to CNY 3.69 billion and CNY 4.17 billion, along with an increase in target price from HKD 88.7 to HKD 96.9, while maintaining an "outperform" rating [1] Financial Performance - The company's net profit for the first half of the year was CNY 1.65 billion, exceeding market expectations [1] - Management anticipates a year-on-year revenue growth of 5% to 10% in mobile-related income for the current year [1] Business Segments - The gross margin for mobile lenses (HLS) and mobile lens modules (HCM) is expected to remain similar to the first half of the year [1] - The company projects a year-on-year growth rate of over 20% in automotive-related income, with both automotive lenses (VLS) and automotive lens modules (ACM) revenue expected to grow in the second half of the year [1] Long-term Growth Drivers - The report suggests that Sunny Optical's mobile business profits will continue to improve, while its automotive and XR (extended reality) businesses will drive long-term growth for the company [1]