On July 16, Lens Technology rose 3.71% in regular trading, trading at HKD 22.92/share, with turnover of HKD 172 million. The stock rebounded sharply from recent lows driven by multiple positive catalysts on the news front.

The smartphone supply chain is experiencing a broad recovery, with iPhone 17 entering large-scale mass production and Apple's first foldable iPhone confirmed to begin mass production by end of July, with inventory targets raised to approximately 10 million units. Lens Technology, as the core supplier of UTG ultra-thin flexible glass covers for the foldable model, has secured approximately 70% of order share, with its yield rate successfully surpassing 90%. The second-half production capacity ramp is expected to drive meaningful earnings recovery.

Additionally, the company held a temporary shareholders meeting on the same day to review a restricted stock incentive plan, signaling management confidence. The company is also advancing strategic initiatives including 22-layer TGV glass substrates for AI chip packaging and a pending acquisition of Giant International Holdings.

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