HK Stock Market Move | Shunyu Optics (02382) fell more than 4% at the close, global smartphone shipments in the first quarter slowed down, the company's optical products performed flat.

Sunyun Optics (02382) fell over 4% at the close, with a decrease of 4.09% to HKD 65.65 as of press time, with a turnover of HKD 6.45 billion. CICC released a research report stating that according to IDC, global smartphone shipments in 1Q25 increased by 1.5% year-on-year, a slowdown compared to 2024. Some links in the Android industry chain are still simultaneously affected by a high base. From January to April, the combined shipments of Sunyun and Qiutai camera modules declined by 23% year-on-year, laying the groundwork for the company's dull performance in mobile optical products. In April alone, the shipment volume of Sunyun's mobile lenses/camera modules increased month-on-month, and the year-on-year growth rate of mobile lenses also turned from negative to positive. HAITONG INT'L stated that easing competitive pressure and improving product mix are driving Sunyun's average selling price and gross profit margin higher. In addition to its core smart phone optics business, as global adoption of advanced driver assistance systems (ADAS) / autonomous driving (AD) accelerates, Sunyun's leadership in AR/XR lenses and automotive camera systems provides significant upward potential.