Movement Alert|Sunny Optical Technology Falls 3.26% in Regular Trading, Major Client Reportedly Cutting Smartphone Component Orders by 30%

Market Focus05-28

On May 28, Sunny Optical Technology fell 3.26% in regular trading, trading at HK$72.65/share, with trading volume of HK$622 million.

On the news front, the stock continued to face selling pressure as reports that a major client plans to reduce smartphone component purchases by approximately 30% and lower its second-half handset shipment forecasts continued to weigh on sentiment. The negative catalyst first surfaced on May 26, triggering a nearly 4% decline that day. Although the stock rebounded on May 27 supported by Citi research highlighting Apple iPhone restocking upgrades and AI optical interconnect expectations, the order-cut overhang has re-emerged, dragging the broader smartphone supply chain sector lower.

Sunny Optical Technology is an investment holding company principally engaged in the design, R&D, manufacturing, and sale of optical and related products, with key offerings including smartphone lenses, automotive lenses, and camera modules sold in both domestic China and overseas markets.

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