Sunny Optical stock gains 1.01 percent as growth broadens
Published on 10/07/2026 at 06:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Sunny Optical stock was trading at HKD 64.75 on HKEX on October 7, 2026 at 11:46 a.m. HKT, up 1.01 percent from HKD 64.10. The latest interim figures show a business shifting beyond smartphone optics, with pan-IoT becoming the fastest-growing reported product area.
Revenue rose 11.5 percent
According to Sunny Optical, first-half 2026 revenue reached RMB 21.906 billion, an 11.5 percent year-over-year increase. Profit attributable to shareholders rose 9.9 percent to RMB 1.808 billion, while gross profit increased 9.6 percent to RMB 4.269 billion.
The quality of that growth is mixed. First-half gross margin declined 0.3 percentage points to 19.5 percent, even as net profit margin edged up 0.1 percentage points to 8.9 percent, according to the company's interim-results materials.
Pan-IoT becomes the growth engine
Pan-IoT and related activities delivered the clearest acceleration. Revenue from other products increased 88.5 percent year over year to RMB 4.039 billion, and the segment gross margin reached 34.4 percent, up 1.3 percentage points.
Automotive products added a second growth pillar, with first-half revenue rising 10.6 percent to RMB 3.762 billion. XR revenue reached RMB 956 million, up 11.0 percent, supported by smart-glasses and augmented-reality products.
The smartphone business remains the main counterweight. Mobile-phone revenue fell 0.8 percent to RMB 13.149 billion, while its gross margin declined 2.0 percentage points to 12.3 percent. The figures indicate that premium product mix and new businesses are offsetting weaker volumes, but handset profitability remains sensitive to market conditions.
Analysts see upside with risks
UOB Kay Hian maintained a Buy rating and a HKD 106.00 target price on September 29, 2026, citing pan-IoT, augmented-reality glasses and potential share gains. Its report also described handset revenue as broadly flat in 2026 and 2027, despite projected smartphone shipment declines.
At HKD 64.75, the stock was 28.9 percent below the 52-week high of HKD 91.10 and 25.7 percent above the 52-week low of HKD 51.50. Market capitalization stood at HKD 69.6 billion, with volume at 1,653,073 shares on October 7, 2026.
Sunny Optical stock holds near HKD 65
Sunny Optical stock was trading at HKD 64.75 on October 7, 2026 at 11:46 a.m. HKT. The market is weighing faster pan-IoT growth against weaker handset margins and the company's exposure to smartphone demand.
Sunny Optical stock facts
- Company: Sunny Optical Technology (Group) Company Limited
- Ticker: 2382.HK
- Trading venue: HKEX
- Price (as of October 7, 2026, 11:46 a.m. HKT): HKD 64.75
- Market capitalization: HKD 69.6 billion (as of October 7, 2026)
- 52-week range: HKD 51.50-91.10 (as of October 7, 2026)
- Sector / Industry: Technology / Hardware, Equipment & Parts
