Sunny Optical's February shipments of mobile phone lenses decreased

Sunny Optical Technology announced the shipments of its main products in February 2022. In terms of optical parts, the shipments of glass spherical lenses were 1.318 million pieces, a decrease of 54.9% month-on-month and a year-on-year decrease of 43%; mobile phone lens shipments 109 million pieces, a decrease of 17.15% month-on-month, and a decrease of 15.9% year-on-year; vehicle lens shipments were 5.671 million pieces, a month-on-month decrease of 24.7% and a year-on-year decrease of 2.2%; other lens shipments were 8.976 million pieces, a month-on-month decrease of 18.7%, an increase of 12.8% year-on-year %.

In addition, in terms of optoelectronic products, the shipment of mobile phone camera modules was 49.716 million units, a decrease of 0.6% month-on-month and a decrease of 24.6% year-on-year; the shipment of other optical products was 2.803 million units, a decrease of 18.4% month-on-month and a year-on-year decrease of 42.5%.

The shipment volume of mobile phone lenses decreased by 15.9% year-on-year, mainly due to weak demand in the smartphone market, and decreased by 17.1% month-on-month, mainly due to the impact of the Spring Festival holiday in February. The shipment volume of vehicle lens sets decreased by 24.7% MoM, mainly due to the impact of the Spring Festival holiday in February. The shipment volume of mobile phone camera modules decreased by 24.6% year on year, mainly due to weak market demand for smartphones.

It is reported that since 2022, Sunny Optical's shipments have performed poorly for two consecutive months. According to the data, Sunny Optical's mobile phone lens shipments in January fell by 11% year-on-year, mainly due to the high base of shipments in the same period last year and the current weak demand in the overall smartphone market. The shipment volume of automotive lens sets increased by 55.3% MoM, mainly because the shipment base was low due to the Christmas holiday in December.

Looking back at the company's shipments of major products in December 2021, in terms of optical parts, the shipments of glass spherical lenses were 4.318 million pieces, an increase of 28.8% month-on-month and a year-on-year decrease of 7%; mobile phone lens shipments were 121 million pieces, a month-on-month decrease of 2.2% %, a year-on-year decrease of 7.3%; vehicle lens shipments were 4.848 million units, a month-on-month decrease of 3.5% and a year-on-year decrease of 15.5%; other lens shipments were 10.567 million units, a month-on-month increase of 5.3% and a year-on-year increase of 32%.

As one of the leading manufacturers in the mobile phone and auto parts supply chain, Sunny Optical maintained its "outperform" rating in a research report released by Credit Suisse recently, with a target price of HK$295. Credit Suisse said in the report that it is expected that Sunny Optical's shipments of mobile phone camera modules / mobile phone lenses / and automotive lenses will increase by 13%, 15%, and 25% year-on-year next year, and it is believed that it will continue to maintain its leadership in automotive lenses. leading position and increasing shipments of in-vehicle camera modules, while LiDAR will be a long-term driver for the automotive business.

Post a Comment

0 Comments