According to the APP of Zhitong Finance, Xiaomo released a research report saying that it maintained Sunny Optical's "neutral" rating, downgraded its earnings forecast for this year and next year by 30% and 15%, and lowered its target price from HK $123 to HK $110 based on the price-to-earnings ratio of 23 times next year.

According to the report, the company gave the latest guidance to reduce mobile lens shipments to 15% year-on-year (up 5% Mel 10%), mainly due to weak demand for Android smartphones to offset Shunyu's growth in iPhone market share, and reduced shipments of mobile camera modules to 20% year-on-year (up 10% Mel 15%). Growth in car lenses narrowed to 10% to 15% year-on-year (up 20% to 30%), mainly due to a shortage of car chips, but Shunyu expects to improve in the second half of the year. Management expects the mobile phone business to be weak this year, with weak gross margins. According to management, the United States is a key region for Shunyu lens shipments, which may continue to grow this year, and will further participate in more future projects, while increasing production capacity for customers this year.