Sunny Optical Technology (Group) Company (2382) investor relations material

Executive summary

• Revenue for the first half of 2025 rose 4.2% year-over-year to RMB19,651.9 million, with profit attributable to owners up 52.6% to RMB1,646.1 million and net profit up 55.1% to RMB1,724.2 million, driven by growth in vehicle, handset, and XR products.

• Gross profit margin improved by 2.6 percentage points to 19.8%, supported by high-end handset lens sets, modules, and strong vehicle business performance.

• Net cash from operating activities increased by 14% to RMB2,356.4 million, and capital expenditure rose 41.5% to RMB1,480.0 million.

• No interim dividend was declared for the period.

Financial highlights

• Gross profit increased 20% year-over-year to RMB3,894.4 million.

• Handset lens sets revenue from 6P or higher lenses grew over 9% year-over-year; hybrid lens revenue grew over 100%.

• Handset business revenue up 1.7%, vehicle business up 18.2%, and XR business up 21.1% year-over-year.

• Optical Components segment revenue rose 10.7% to RMB6,066.7 million; Optoelectronic Products up 1.5% to RMB13,383.1 million; Optical Instruments up 7.1% to RMB202.1 million.

• Basic earnings per share increased 53.0% to RMB151.6 cents.

Outlook and guidance

• AI-driven innovation and optical sensing are expected to drive new growth in intelligent hardware and cross-industry applications.

• Handset business revenue expected to grow 5%-10% for the full year; vehicle business projected to grow 20% for the year.

• Focus on expanding technological capabilities in AI, AR, and robotics, and maintaining leadership in optical perception.