On August 10, Gelonghui mobile phone industry chain stocks fell, Hongteng Precision fell by 9%, Sunny Optical Technology by 4.4%, BYD Electronic by 3.8%, AAC Technologies Holdings Inc. by 3.7%, Qiu Ti Technology by 2.1%, Fuzhikang Group by 1.9% and Tongda Group by 1.5%. Sunny Optical Technology released shipments of major products in July 2022, with 89.117 million mobile phone lenses shipped, an increase of 23.2% from the previous month and a decrease of 14.9% from the same period last year. Credit Suisse reported that shipments of mobile phone lens modules and mobile phone lenses are still weak due to weak demand.
Hongteng today released interim results with a net profit that fell short of expectations and did not pay dividends. Hongteng predicted that global smartphone demand was affected by inflation and observed a potential downward trend in mobile phone shipments. however, it still takes a positive view of the high-end mobile phone market. The connector industry is affected by many uncertainties in the second half of the year and is expected to be flat year-on-year in the second half of the year.
Hongteng today released interim results with a net profit that fell short of expectations and did not pay dividends. Hongteng predicted that global smartphone demand was affected by inflation and observed a potential downward trend in mobile phone shipments. however, it still takes a positive view of the high-end mobile phone market. The connector industry is affected by many uncertainties in the second half of the year and is expected to be flat year-on-year in the second half of the year.