Zhitong Financial APP learned that Lyon released a research report that maintained Sunny Optical's "outperform" rating of 02382, raising the target price from HK $111to HK $121m. Thanks to the improvement in product mix, the gross profit margin and average sales price of the company's major products performed well in the first half of this year, and the decline in profit year-on-year was mainly due to the decline in shipments and operating deleveraging.
Looking forward to the second half of this year, the company expects the average sales prices of mobile phone lenses and car lenses to be stable. At the same time, due to pressure on two major industries, such as smartphones and automobiles, the company has revised the guidelines on the delivery of major products and given the gross profit margin guidelines for 10% mobile phone lens modules. It means that profit margins are under pressure in the second half of the year.