On May 20, Changguang Chenxin (03277.HK) rose 5.37% in regular trading, trading at HKD 86.0 per share, with trading volume of approximately HKD 43.10 million.

On the news front, the company recently officially announced a partnership with Leica Camera to jointly develop next-generation high-performance imaging-grade CMOS image sensors, marking international recognition of its technological capabilities from a top-tier global imaging brand. The company has been focused on high-performance CMOS image sensor R&D since its founding in 2012 and is among the few domestic firms achieving global breakthroughs in high-end CIS.

Meanwhile, the company reported robust Q1 results with revenue of RMB 226 million, up 36% year-over-year, and net profit attributable to shareholders of RMB 31 million, surging 125% year-over-year. The previous dilution pressure from the full exercise of the over-allotment option issuing 9.79 million H shares at HKD 39.88 per share has been fully absorbed, with the stabilization period having concluded on May 14. The market focus has shifted back to fundamentals, combined with recovery demand following the prior session pullback of 5.12%.

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