On July 21, Sunny Optical Technology rose 3.01% in regular trading, trading at HK$56.4/share, with turnover of HK$262 million.

On the news front, the smartphone supply chain continues its recovery trend. According to industry sources, Apple's iPhone 17 has entered the mass production phase, with several Apple supply chain companies actively recruiting workers. Morgan Stanley expects Apple to modestly raise iPhone 17 series pricing by approximately 5% on average — the first price increase since 2017 — with demand expected to remain unaffected. Additionally, Apple has reportedly raised its foldable iPhone production target significantly to approximately 10 million units, positioning foldable screens as a potential new growth driver for the industry.

As a core supplier of smartphone lenses and camera modules, Sunny Optical Technology is expected to directly benefit from the iPhone new product volume ramp cycle. The stock has now posted gains on consecutive trading days amid sustained positive sentiment surrounding the smartphone supply chain recovery.

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