Benefiting from the release of new Android phones, Sunny's mobile phone camera module and lens shipments were strong in February
Time : 2024-03-18
The mobile phone industry is picking up, and the business of the optical supply chain is not slow in the off-season.
On 8 March, Sunny Optical Technology (02382.HK) announced on the Hong Kong Stock Exchange that it shipped about 104 million mobile phone lenses in February, a year-on-year increase of 29.4 per cent; and 52.067 million mobile phone camera modules, a year-on-year increase of 72.1 per cent.
Considering that February is in the Chinese New Year holiday, this result is good enough compared with the same period in previous years.
A mobile phone industry chain source told Tide Power Intelligence that this is mainly due to the release of new machines from large Android customers. At present, it seems that the new machines of large Android customers should be Huawei P70, which will be released at the end of March, and Xiaomi 14ultra, which has been released recently, respectively.
According to Chaodian Intelligence, the monthly shipments of Sunny's mobile phone optics have been quite stable since the second half of last year. Mobile phone lenses have basically remained above 100 million, and mobile phone camera modules have basically remained above 50 million.
However, due to the competitive situation of the market being extremely involutional with demand falling in both volume and price, Sunny's high shipment performance is not equated with its operating results.
Sunny has issued a profit warning at the end of January that its net profit in 2023 will be about $1.08 billion to $1.2 billion, a decrease of 50% to 55% year-on-year. In fact, this will be its lowest annual net profit level in nearly eight years.
At the end of last year, the mobile phone camera promptly ushered in a wave of price correction, basically covering the entire industrial chain of high-end lenses, camera modules, CMOS sensors, filters and so on.
This basically shows that the mobile phone optical supply chain has come out of the trough with the terminal market.
Translated with DeepL.com (free version)
