On July 9, Sunny Optical Technology fell 3.13% in regular trading, trading at HK$56.05/share, with turnover of HK$197 million. The stock gave back gains from the previous session's bond-listing-driven rebound, resuming its downtrend amid persistent sector headwinds.

The Electronic Components sector where the company belongs continues to face broad pressure. Among sector constituents, LUXSHARE ICT fell 5.1%, while KB Laminates rose 0.37%, CCTC rose 1.1%, Kingboard Holdings rose 3.77%, and VGT rose 2.26%. The decline follows IDC data projecting global smartphone shipments to fall 12.9% year-over-year to 1.1 billion units, marking the lowest annual volume in over a decade. Chinese smartphone makers have reportedly further cut shipment targets due to component shortages and rising costs. Additionally, southbound funds have reduced their Sunny Optical holdings in 16 of the past 20 trading days, with a cumulative net reduction of approximately 27.7 million shares, while major shareholders including the founding family conducted equity-linked transactions reducing their stakes in late June.

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