HK-Listed Sunny Optical Technology 2017 Net Profit To More-Than-Double On Year
By Hong Kong Newsroom
HONG KONG (Feb 13) -- Hong Kong-listed Sunny Optical Technology (Group) said it expects net profit for 2017 to more-than-double year-on-year as shipments of lens sets and handset camera modules improved alongside margins.
The optical instrument and lens manufacturing company, a supplier to Apple, did not provide an estimated figure for the year in its notice to the exchange late Monday. In 2016, it recorded group net profit of 1.27 billion yuan ($201.34 million).
The assessment is preliminary, the company added.
For January, shipment volumes of its four optical component products rose across the board on-year but the performance was mixed on-month.
The shipment volume of handset lens sets increased by 19.6% on-year to 51.43 million sets, as market share improved. On-month, shipments of the category decreased by 3.6%, mainly due to changes in the product mix, the company said.
Meanwhile, handset camera module shipments decreased by 9.1% on-year to 28.91 million units, but rose 3.2% on-month also due to changes in the product mix and an increase in the proportion of high-end camera modules such as dual-camera modules and 20-mega pixel modules, the company said.
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