The Zhitong Finance App learned that Citi released a research report saying that management said that Shunyu Optics (02382) has received large-scale AR product orders from leading customers and is expected to bring meaningful incremental contributions starting in 2027. The bank raised the target price from HK$88 to HK$94, with a “buy” rating. Citi pointed out that after excluding the stock exchange transaction, Sunyu Optics' management expects total revenue and net profit to increase by at least 7% year-on-year for the whole year, with no downward guidance. Revenue from the mobile phone business for the whole year is expected to remain flat year on year. XR business revenue will exceed RMB 2 billion in 2026 and achieve year-on-year growth. Pan-IoT business revenue is expected to increase by about 50%. The company will focus on getting orders for high-end projects from Korean smartphone customers.

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