HK Stock Market Move | CONANT OPTICAL (02276) rises by over 5%, with the expected annual net profit to increase by no less than 30% year-on-year.

CONANT OPTICAL (02276) has risen by more than 5%, reaching a 5.46% increase as of the time of writing, at 25.1 Hong Kong dollars with a trading volume of 35.9843 million Hong Kong dollars. On the news front, CONANT OPTICAL has announced an increase in profits, expecting a year-on-year increase of not less than 30% in the net profit attributable to shareholders for the fiscal year ending December 31, 2024. The increase is mainly due to the company's good results in expanding its business market, steady revenue growth; a diversified range of lenses, with an increasing proportion of high value-added products; and the company's continuous optimization of financing structure and scale to increase profitability and reduce financing costs, leading to a further decrease in financial expenses. Guotai Junan pointed out that the company is a leading global lens manufacturer, with a rich SKU, outstanding cost performance, optimized product structure, and efficient C2M model, driving profitability to continue to strengthen and market share to steadily increase. Additionally, the company's tailored or smart glasses solution for myopia is the optimal solution, and the company is expected to further break through important customers in the domestic and international smart glasses market to develop even further.