On May 28, Sunny Optical Technology fell 3.26% in regular trading, trading at HK$72.65/share, with trading volume of HK$622 million.

On the news front, the stock continued to face selling pressure as reports that a major client plans to reduce smartphone component purchases by approximately 30% and lower its second-half handset shipment forecasts continued to weigh on sentiment. The negative catalyst first surfaced on May 26, triggering a nearly 4% decline that day. Although the stock rebounded on May 27 supported by Citi research highlighting Apple iPhone restocking upgrades and AI optical interconnect expectations, the order-cut overhang has re-emerged, dragging the broader smartphone supply chain sector lower.

Sunny Optical Technology is an investment holding company principally engaged in the design, R&D, manufacturing, and sale of optical and related products, with key offerings including smartphone lenses, automotive lenses, and camera modules sold in both domestic China and overseas markets.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)