“Science and Technology Innovation Board Daily”, November 25 (Reporter Tang Zhixiao) Today, Shunyu Optical Technology issued an announcement stating that Sun Yang has resigned as the company's executive director and CEO due to physical reasons and will no longer serve as a member of the Board's Strategy and Development Committee. At the same time, the board of directors also announced that Executive Director Wang Wenjie has been appointed as Chief Executive Officer with effect from November 26, 2024.

According to reports, Sun Yang worked for Ningbo Securities and joined Shunyu Optical Technology Group in 2002 as the director of the Investment Management Center. In May 2009, Sun Yang was promoted to executive director and director of various subsidiaries of Sunyu Optics.

During his tenure, Sun Yang was ranked fourth on the “Top 100 CEOs in China” list in the “Harvard Business Review” in 2018, as well as Ningbo's Outstanding Entrepreneur in 2018.

During Sun Yang's tenure, Shunyu grew from a single optical lens to covering three major businesses (optoelectronic products, optical components, and optical instruments), achieving the highest sales of automotive lenses in the world, the top two sales of mobile phone camera modules, and the second largest sales of mobile phone lenses in the world.

After Sun Yang resigned, his successor was Wang Wenjie, who was slightly older. According to the official website, after graduating from Zhejiang University in 1989, Wang Wenjie joined Shunyu Optics and served as a special assistant to the general manager in 2003. Since 2013, he has remained the executive director of Shunyu Optics, and was elected Vice Chairman of the Chinese Society of Optics in 2017.

Wang Wenjie promoted Shunyu Optics into the field of optoelectronics in 2003, focusing on the development of CCM products; recently, he also promoted the intelligence of the optoelectronic industry, including projects such as the industrialization of 3D intelligent optical technology and industrial automation, and promoted Shunyu's overall intelligent flexible production solution to win a bid for an intelligent production line project of a large national scientific research and production consortium.

According to reports, mobile phones, vehicles, and AR/VR are the three major revenue pillars of Shunyu Optics. However, in 2021, Sunyu Optics experienced its first decline in revenue in ten years, and continued until 2023.

According to Sunyu Optics, the company's performance is heavily dependent on the cyclical performance of mobile phones. As demand in the global smartphone market continues to weaken, particularly for Android phones, revenue from mobile lenses and mobile camera modules has declined.

Entering 2024, the recovery of the mobile phone industry, particularly the increase in demand for high-end mobile phones, has contributed to an increase in the value of the entire industry chain. Shipments of mobile phone lenses increased by about 23.7% year on year to 0.634 billion pieces, and shipments of mobile phone camera modules increased by about 13.5% year on year to 0.289 billion pieces, which directly contributed to the growth of sales of products related to Sunyu Optical Technology. Last week, the Hong Kong stock Apple concept stock rose collectively, and Sunyu Optical Technology rose more than 6%.

In addition, Sunyu Optics' other core business, automotive lenses and modules, has also grown with the popularity of new energy models and smart car technology. According to Shunyu Optics, the automotive lens market share of Shunyu Optical Technology has steadily ranked first in the world, and shipments have increased by about 13.1% over the same period last year.