On October 27, LENS fell 3.29% in regular trading, with shares at HK$14.69 and turnover of HK$81.73 million.
The clearest catalyst is continued market pressure after its latest quarterly results missed expectations, followed by multiple broker target-price cuts and commentary pointing to delayed customer orders, foreign-exchange losses, and rising operating expenses.
The company reported first-nine-month revenue of RMB47.90 billion, down 10.74% year over year, and net profit of RMB1.42 billion, down 50.06%. Third-quarter revenue was RMB19.04 billion, down 8.05%, while quarterly net profit fell 50.42% to RMB843 million. Management said profit declined more than revenue mainly because of weaker end-demand tied to memory-price increases and FX losses from RMB appreciation, while some institutions also highlighted larger receivables and inventory levels. Separately, recent broker updates sharply reduced price targets, reinforcing the weak near-term tone despite management indicating fourth-quarter headwinds may gradually ease.
(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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