Lyon Securities reaffirmed its "Outperform" rating on SUNNY OPTICAL (02382), setting an unchanged target price of HK$88.70. The endorsement follows SUNNY OPTICAL's strategic agreements with TYSiC, China's leading silicon carbide material provider, and semiconductor equipment maker AMEC. These partnerships aim to advance domestic IC equipment applications within micro-nano optics, specifically targeting AR glasses and silicon carbide technologies.

This collaboration significantly bolsters SUNNY OPTICAL's technological capabilities and competitive positioning in the burgeoning AR eyewear market. A critical milestone was achieved with the successful installation of the inaugural core lithography machine at SUNNY OPTICAL's AR glasses manufacturing facility in Shanghai's Lingang zone. This advancement marks the project's decisive transition from planning to full-scale production readiness.

Concurrently, SUNNY OPTICAL formalized a strategic cooperation agreement with TYSiC to enhance local collaboration on homegrown IC equipment within the micro-nano optics sector. Lyon views these developments as instrumental in strengthening the company's innovation pipeline and market leadership.