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Sunny Optical Technology (Group) Co Ltd 02382

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Stock XHKG Rating as of
HK$60.15 −1.45 (2.35%)
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As of Delayed Price Closed

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Sunny Optical's Extended Reality Outlook Outweighed Sluggish Smartphone Shipments

Phelix Lee

Sunny Optical’s revenue and earnings are largely derived from manufacturing camera lenses and modules for smartphones, automobiles, and extended reality devices. Sunny has become the largest handset lens set supplier, boasting more than 30% volume share in 2025. Despite smartphone shipments having plateaued, Sunny Optical has found new sources of growth in cars, XR, and robots. Its share of revenue from smartphone-related products has dropped from the mid-80s in 2020 to the low-60s in 2025.

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Price vs Fair Value

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02382 is trading at a LOCK|tCq#DC@ premium.
Price
HK$60.15
Fair Value
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Uncertainty
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1-Star Price
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5-Star Price
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Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Camera performance as a key differentiation feature in smartphones drives demand for camera module components at a faster rate.

Bears

Increasing price competition in a relatively fragmented handset camera module market could put downward pressure on gross margins.

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Trading Information

Previous Close Price
HK$61.60
Day Range
HK$59.80–61.95
52-Week Range
HK$51.50–87.60
Bid/Ask
HK$60.10 / HK$60.15
Shares Outstanding
1.07B
Market Cap
HK$64.61B
Volume/Avg
9M / 10M

Key Statistics

Price/Earnings (Normalized)
12.37
Price/Sales
1.29
Dividend Yield (Trailing)
2.01%
Dividend Yield (Forward)
2.01%
Dividend Payment Schedule
Jun
Total Yield
3.59%

Company Profile

Headquartered in Yuyao, China, Sunny Optical is one of China’s biggest handset camera module makers and the world’s largest handset lens sets manufacturer. Higher-margin lens sets are used in smartphones, vehicles, and extended reality. Sunny Optical is a key beneficiary of the secular growth of extended-reality devices and vehicle camera demand, as advanced driver-assistance systems witness rising adoption among automakers. The firm also manufactures optical instruments, such as high-end microscopes and optical measuring instruments. The company employed over 34,393 people as of Dec. 31, 2025.
Sector
Technology
Industry
Electronic Components
Stock Style Box
Large Core
Total Number of Employees
41,658
Website
https://www.sunnyoptical.com

Competitors

Valuation

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Metric
02382
3008
01478
Price/Earnings (Normalized)
 12.3733.993.54
Price/Book Value
 1.934.220.76
Price/Sales
 1.2913.040.23
Price/Cash Flow
 9.1525.1515.16
Price/Earnings
02382
3008
01478

Financial Strength

Metric
02382
3008
01478
Quick Ratio
 1.334.540.80
Current Ratio
 1.644.851.11
Interest Coverage
 16.3312,325.4619.14
Quick Ratio
02382
3008
01478

Profitability

Metric
02382
3008
01478
Return on Assets (Normalized)
 8.63%11.22%3.61%
Return on Equity (Normalized)
 17.22%13.32%10.98%
Return on Invested Capital (Normalized)
 14.03%11.38%6.14%
Return on Assets
02382
3008
01478

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