On October 29, LENS fell 3.49% in Regular Trading, trading at HK$14.3, with turnover of HK$15.90 million.
The most relevant recent catalyst remains post-earnings pressure after the company reported weaker third-quarter results, while its latest statements only reiterated that production and shipments are proceeding normally and that it would not comment on unverified customer-order rumors.
Previously disclosed results showed revenue of RMB47.90 billion for the first three quarters, down 10.74% year on year, and net profit of RMB1.42 billion, down 50.06%; third-quarter net profit fell 50.42%. The company said profit was hit by weaker consumer electronics demand linked to storage price increases and by foreign-exchange losses. Recent updates on foldable-screen capacity, AI server ramp-up, TGV packaging, and HDD glass disk customer validation indicate new-business progress, but these disclosures did not offset the near-term drag from the earnings miss and target-price cuts by several brokerages.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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