On September 8, SUNNY OPTICAL fell 3.24% in regular trading, trading at 67.25 HKD/share, with turnover of 2.37 billion HKD.

On the news front, subsidiary Sunny Evotech recently re-filed its listing application with the Hong Kong Stock Exchange, with the updated prospectus revealing persistent weakness in automotive business profitability. Despite holding a global leadership position in automotive cameras, the company has suffered four consecutive periods of gross margin decline, as industry-wide price competition continues to erode earnings power. For the first half of the year, Sunny Evotech recorded approximately 3.7 billion RMB in revenue, reflecting a pattern of growing revenue without corresponding profit growth.

Market concerns have also intensified around corporate governance issues. SUNNY OPTICAL, as the controlling shareholder, has served as Sunny Evotech's top supplier since fiscal year-end, raising ongoing questions about the fairness of related-party transaction pricing. Major brokerages remain divided on SUNNY OPTICAL's outlook — Citi maintains a Buy rating with a 94 HKD target, while Daiwa targets 73 HKD with an Outperform rating, citing strength in XR and AI-driven growth strategies.

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