The Zhitong Finance App learned that Sunyu Optics (02382) rose more than 5%. As of press release, it had risen 5.49% to HK$37.45, with a turnover of HK$267 million.

Citi released a research report saying that Shunxu Co., Ltd., the largest shareholder holding 35.48% of Shunyu Optics, signed an equity option deal with UBS Group, involving 44.57 million shares, accounting for about 4% of the tradable shares. Shunwook did not announce the reason for the transaction. Citi predicts that it may be due to its own financing needs rather than a change in its shareholding position. It will wait for Sunyu Optics to make further announcements about the incident.

Citigroup stressed that it will pay close attention to Shunyu Optics Technology's further announcements on this equity lead options transaction, as well as other important information that may affect the company's future development. Citi anticipates that Sunyu Optical Technology will achieve a profit recovery through technology upgrades for periscope lenses, improvements in smartphone lens gross margins, and continued growth in the automotive and XR business.