Lyon: Maintaining the "outperform market" rating for SUNNY OPTICAL (02382) Profit is expected to increase by 140% to 150% year-on-year.

Lyon issued a research report stating that SUNNY OPTICAL (02382) reported a profit increase, with expected net profit for last year reaching approximately RMB 26.39 billion to RMB 27.49 billion, an increase of 140% to 150% year-on-year, slightly higher than market expectations. However, the bank believes this is just the beginning, as the company has multiple growth factors including the smartphone business, smart driving business, and augmented reality (AR) glasses. Therefore, they maintain a "outperform market" rating for the company. Lyon attributes last year's strong performance to the recovery in the smartphone market and strong demand for new energy vehicles, estimating that 34% of the company's profits this year will come from smart driving-related businesses.