Jinwu Financial News | Sunyu Optical Technology (02382) announced that it is expected to record profit attributable to the company's shareholders of approximately RMB 0.1048 billion to RMB 0.1092 billion for the six months ended June 30, 2024, an increase of about 140% to 150% over the profit attributable to the company's shareholders of approximately RMB 0.437 billion for the six months ended June 30, 2023.
The board of directors believes that the expected increase in profit is mainly due to the recovery of the smartphone market. Improved product portfolio has increased shipments of mobile lenses and mobile phone camera modules from year to year, increased average sales prices, and increased gross margin.