HK Stock Market Move | Shunyu Optics (02382) rose more than 4% in the afternoon, and many places are promoting consumer electronics national subsidies. Daiwa said that the subsidy policy will become a catalyst for the company.

In the afternoon, Sunny Optical Technology (02382) rose more than 4%, as of the time of writing, it rose by 3.06% to HK$67.45, with a turnover of HK$4.84 billion. On the news front, a relevant person in charge of the Central Finance Office said that the policy of "two new" (large-scale equipment renewal and replacing old consumer goods with new ones) has been very effective this year, and will be further expanded next year. More funds will be allocated, more consumer goods will be included in the support range, and the subsidy distribution process will be optimized. It is reported that on November 26th, Jiangsu issued the "Jiangsu Province Strengthening Policy3C Digital Product Subsidy Special Activity Operation Guidelines"; on December 12th, Sichuan also began organizing 25-year-old home appliances and 3C companies to apply for participation in the old-for-new program. Daiwa published a report indicating that Sunny Optical's November shipment data shows that the annual shipment volume of mobile phone lenses may exceed the previous guidance target, while the shipment volume of mobile phone camera modules may not meet the standard due to product portfolio optimization. Daiwa reiterated its "Buy" rating on Sunny Optical and raised its target price from HK$60 to HK$80, believing that smartphone demand will recover next year, coupled with possible future subsidies for smartphones, will serve as another catalyst.