On July 24, LENS rose 5.05% in regular trading, trading at HK$22.28/share, with turnover of HK$113 million. The rally follows the company's A-share surging 11.89% in a single session earlier, with late-session main-force net inflows of RMB 229 million signaling rising institutional buying interest.

On the fundamental front, the company has been jointly developing and verifying 22-layer glass core substrates with North American and Korean chip foundry and advanced packaging clients. The Korean client has essentially completed verification, while North American client verification is progressing smoothly. A dedicated 30,000-square-meter TGV glass substrate facility is expected to commence production before year-end to match client demand. Additionally, subsidiary Lens Optoelectronics strategically acquired a controlling stake in Tongsheng Optoelectronics to expand into optical communications, including anti-resonant hollow-core fiber and fiber connectors, while liquid cooling heat dissipation deployment has been comprehensively advanced.

The HK-listed shares had previously fallen over 6% cumulatively across two sessions on restrictive stock incentive dilution concerns and an ongoing shareholder reduction window. The current rebound appears to reflect AH premium narrowing-driven valuation repair.

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