On June 16, Sunny Optical Technology fell 3.08% in regular trading, trading at 73.9 HKD/share, with turnover of 622 million HKD.

On the news front, media reports indicate that a major client of the company plans to reduce smartphone component purchases by approximately 30% and will lower its second-half smartphone shipment forecast. This negative development has been fermenting since early June, with the stock already declining over 13% from its recent highs. Despite a brief rebound on the previous trading day driven by a broad rally in the optical communication sector, the potential impact of the major client order cut on Sunny Optical's smartphone lens and camera module businesses remains undigested, causing the share price to resume its downward trend.

Sunny Optical Technology is an investment holding company principally engaged in the design, R&D, manufacturing, and sale of optical and related products. Its main products include smartphone lenses, automotive lenses, high-pixel lenses, and camera modules, sold in both domestic China and overseas markets.

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