Goldman Sachs published a research report indicating that during Shunyu Optical's (02382.HK) 2024 investor day event, the main topics of discussion were the recovery of demand for smart phone lenses, upgrades of automobile lens specifications and pricing pressures, as well as the impact of Artificial Intelligence on the optical industry.

Overall, the bank expects Shunyu Optical's global smart phone shipments to moderately recover in 2024 (up 3.5% YoY), and is optimistic about the growth driven by the company's improved product and customer portfolios. The specifications of automotive cameras continue to upgrade, and demand is constantly increasing. The company is working hard to reduce costs under the pricing pressure of original equipment manufacturers (OEMs). Artificial Intelligence is expanding the potential market for edge intelligent devices and robots' cameras. The management believes that since hardware functions cannot be completely replaced by software or Artificial Intelligence, camera specifications will still be crucial.

Goldman Sachs has a target price of 65 yuan for the company and maintains a 'neutral' rating.