Sunny Optical reported year on year profit growth of 128% with revenue increasing by 53%.
The upsurge in profit was driven by strong year on year increases in shipment volume of handset lens sets, vehicle lens sets and handset camera modules, up 60%, 41% and 20% respectively.
This growth has been underpinned by sales into the Chinese smartphone market, with the top four Chinese smartphone vendors – Huawei, Oppo, Xiaomi and Vivo – all displaying
Handset related products continued to form the focus of Sunny Optical’s business and accounted for 85% of revenue, up from 83% in 2016, providing further evidence that the upgrading of camera specifications has become the main driver of replacement demand for new handsets. CML believes that cameras will continue to be a key differentiator in the smartphone market and that our unique technologies can deliver further enhancements to smartphone vendors.