Stock Track | CONANT OPTICAL Plummets 9.65% Intraday Despite Strong Earnings, Market Reacts to Custom Lenses Decline and Strategic Investment

Stock Track03-31

CONANT OPTICAL's stock experienced a sharp decline of 9.65% during intraday trading on Tuesday, reversing earlier gains following the release of its annual financial results.

Despite reporting a 30.2% year-on-year increase in net profit and overall revenue growth, the market reaction was negative. Investors appeared to focus on a 0.6% decline in revenue from the company's custom lenses segment, which was attributed to U.S. tariff factors. Additionally, the company announced a planned investment of RMB 180 million to acquire a stake in AR and AI glasses company Rokid, which may have raised concerns about capital allocation and future integration risks.

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