Shulou(Shulou.com)11/24 Report--

CTOnews.com February 12 news, Shunyu Optical Technology announced on the Hong Kong Stock Exchange today that it is expected to record a profit attributable to the company's shareholders of about 2.245 billion to 2.494 billion yuan for the year ended December 31, 2022, a decrease of about 50 to 55 per cent compared with the same period last year.

Shunyu Optics pointed out in the announcement that the company's board of directors believes that the decrease in expectations is mainly due to:

In 2022, under the influence of repeated epidemic, chip shortage, conflict between Russia and Ukraine, inflation and uncertainty in the global economy, the weak demand in the smartphone market and the downgrading of smartphone cameras led to a decline in shipments of mobile phone lenses and mobile camera modules in the group compared with the same period last year, and increased the average selling price and gross margin pressure.

In 2022, the US $600 million bonds issued by the Company on January 23, 2018 incurred an unrealised foreign exchange loss of approximately RMB 353.3 million as a result of RMB depreciation, which is a non-cash item.

Data show that Shunyu Optics shipped 66.673 million mobile phone lenses in January, down 49.3% from the same period last year; mobile camera modules shipped 40.72 million pieces, down 18.6% from the same period last year; and car lenses shipped 9.181 million pieces, up 22.0% from the same period last year.

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