Lens Technology Co., Ltd.'s stock plummeted 7.68% during intraday trading on Thursday, following the release of disappointing first-quarter 2026 financial results.
The sharp decline comes after the company reported a net loss attributable to shareholders of RMB 149.60 million for Q1 2026, a significant reversal from the profit of RMB 428.88 million recorded in the same period last year. Operating income fell 17.13% year-on-year to RMB 14.14 billion, weighed down by lower sales in the smartphone and computer segments.
Basic and diluted earnings per share both turned negative at -RMB 0.0284, compared to positive figures in the prior-year period. The company's financial performance deterioration from profit to loss appears to have triggered the substantial sell-off in the stock.
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