According to the Zhitong Finance App, Shunyu Optical Technology (02382) announced interim results for the six months ended June 30, 2026. The group obtained revenue of 21.906 billion yuan, an increase of 11.47% over the previous year; profit attributable to the company's shareholders was 1,808 billion yuan, an increase of 9.86% over the previous year; and the basic profit per share was 168.03 points.
In the first half of 2026, the Group accurately identified industry trends, actively embraced the demand for rapid terminal iteration, adjusted business response strategies, and achieved stable delivery, further consolidating its leading position in the industry. Among them, the Group's large image camera, telephoto camera, and glass-plastic hybrid mobile phone lens continue to be favored by customers and remain the preferred position for imaging products in flagship terminal models; at the same time, the Group grasps future trends of square front cameras, large angle optical image stabilization (OIS), and variable aperture upgrades, and continues to maintain a leading edge in products. Furthermore, in order to balance image performance with the need for lightweight airframes, glass plastic hybrid mobile phone lenses have become a key solution for main cameras and periscope lenses in high-end flagship models. The Group has adopted a new mold structure, and the mold utilization rate has increased significantly. Under the same conditions, the actual production capacity of glass aspherical lenses has increased more than three times compared to conventional solutions, and product yield has also increased significantly, further consolidating the Group's advantages in large-scale manufacturing.
It is worth mentioning that in the first half of 2026, benefiting from the continued recovery of large-scale offline events such as concerts and sporting events, the smartphone imaging expansion lens market ushered in broad development opportunities. With its forward-looking strategic layout and leading optical R&D and manufacturing capabilities, the Group has achieved mass production of extremely lightweight 200mm focal length expansion lenses and 400mm focal length expansion lenses that set the industry record for new magnification, injecting additional momentum into the mobile phone business.
In the first half of 2026, the Group was deeply involved in the development of high-end mobile phone camera module products and integrated solutions, achieved mass production of industry-leading ultra-large image surface, large angle OIS products and high-precision ultra-large aperture multi-group periscope products, and completed mass production of self-developed high-difficulty integrated main camera module motor products and integrated periscope module motor products. In addition, the Group has also continued to increase R&D investment in core underlying technology, and iteratively upgrade ultra-small molded packaging technology, ultra-high precision optical assembly technology and high-precision actuation technology, further enhancing the Group's comprehensive competitive strength in the field of high-end products and expanding its technological leadership.
In order to promote the rapid development of the Company's automotive products, the Company is considering a separate listing and spin-off of Ningbo Shunyu Zhixing Technology Co., Ltd. (a subsidiary of the Company) (spin-off company) to seek equity financing. The spin-off company has submitted a listing application form (Form A1) to the Stock Exchange through its co-sponsor to approve the listing and trading of the spin-off company's H shares on the main board of the Stock Exchange (proposed spin-off). The Company believes that the proposed spin-off has commercial interests for the Company and the spin-off company, and conforms to the overall interests of the Company's shareholders. The Company will continue to update shareholders and investors on the significant progress of the spin-off and the business performance of automotive products through announcements issued from time to time.
In the first half of 2026, AI technology and consumer-grade hardware were deeply integrated, driving the smart glasses and augmented reality (“AR”) glasses market into a new cycle of rapid growth, with multiple brands intensively releasing new products. The Group seizes market opportunities, maintains deep strategic cooperation with leading global customers, and continues to stabilize its leading position in the industry. The Group has built a system-level capability for vertical integration of all XR links of “optical basic components+multiple optical modules/opto-mechanical+hardware integrated system integration”, further consolidating its leading position in the industry. The Group's XR optical basic component product line continues to be enriched and iterated, and the core products are evolving in the direction of miniaturization and integration: prism products have expanded from single polarizing beam spectrometer (PBS) prisms to categories such as chromatic prisms (X-cubes) and optical focus prisms to suit the mainstream XR display technology routes of microlight-emitting diodes (micro-LEDs) and silicon-based liquid crystals (LCoS). Furthermore, based on industry-leading miniaturized packaging technology, the Group has further achieved technical breakthroughs in performance and size of opto-mechanical products and accelerated mass production; at the same time, relying on leading measurement processes, the Group's lightweight full-color AR display modules have been implemented in small batches, continuing to promote the popularization of AR glasses to the consumer level.
Looking forward to the future, new technological breakthroughs and new demand scenarios are reshaping the competitive landscape of the entire optical industry. The accelerated penetration of AI has evolved from an enabling tool to an underlying driving force. Optoelectronic technology has achieved unprecedented deep intersectionality and integration with fields such as AI, new materials, and biosensing. As a key entry point for obtaining information about the physical world, its strategic value continues to rise. Supported by AI, the Group will further use optical systems to collect and simulate massive data, accelerate intelligent iteration in material simulation, optical design and process control, continuously improve production efficiency, and dynamically adjust flexible response capabilities based on customer needs to achieve agile delivery and value co-creation. Furthermore, the Group is well aware that long-term competitiveness not only stems from refining existing businesses, but also depends on forward-looking positions for future growth. Therefore, the Group will seize the historic opportunities brought by the convergence of AI and optical technology through more open ecological cooperation and a more determined R&D organization to create sustainable long-term value for customers, industry and shareholders.