Shanghai Conant Optical (HKG:2276) said the higher US tariffs will have "limited" impact on its overall revenue.

In a Monday filing with the Hong Kong Exchange, the resin lens manufacturer stated that it anticipates a 2.2% revenue reduction due to tariffs, which it considers "manageable."

"Based on conservative calculations by the Board and after considering the most prudent scenario, assuming that the Company bears 50% (i.e. 17%) of the new tariffs and combining with the US market's share of the Company's overall revenue last year (i.e. 13%), the direct impact on the full year's revenue is initially estimated to be approximately 2.2%," Conant Optical said.

It added that it expects robust growth in non-US markets, including domestic business, to offset US tariff effects, limiting the revenue impact to below 2.2% in the fiscal year ending December.

Shares of the company rose over 6% in afternoon trade on Tuesday.