Sunny Optical profit soars

Apple supplier Sunny Optical Technology (2382) saw its net profit jump 145 percent year-on-year to 2.7 billion yuan (HK$2.9 billion) last year, driven by the recovery of the smartphone market and the rapid development of the vehicle intelligentization.

The board proposed a final dividend of 53.2 HK cents per share, up 143 percent from a year earlier.

Revenue for the year reached about 38.29 billion yuan, up around 20.9 percent from the previous year.

Revenue from the optical components segment jumped 22.5 percent from a year earlier to 11.71 billion yuan, while the optoelectronic products segment saw a 21.1 percent increase in revenue, reaching 26.16 billion yuan.

However, revenue from the optical instruments segment dropped 18.4 percent to 429.6 million yuan, mainly due to project delays linked to domestic policy changes.

Vehicle lens set shipments grew about 12.7 percent to around 102.31 million units in 2024, surpassing 100 million for the first time and retaining its position as the global market leader.

The group also remained the world's largest supplier of handset lens sets, shipping around 1.32 billion units in 2024, up about 13.1 percent from 2023.

Staff reporter