HK Stock Market Move | CONANT OPTICAL(02276) rose more than 5%. The company stated that the impact of the US tariff policy on its overall income is limited.

CONANT OPTICAL (02276) rose more than 5%, as of the time of writing, up 5.46% to HK$22.2, with a trading volume of HK$159.012 million. On the news front, CONANT OPTICAL announced yesterday the impact of US tariffs on its business. Assuming the company bears 50% of the new tariffs (i.e. 17%), combined with the proportion of overall revenue from the US market last year (i.e. 13%), a preliminary estimate suggests a direct impact on annual revenue of about 2.2%. For the current year, the company's strong growth momentum in markets outside the US, including domestic operations, is expected to mitigate the marginal impact of US tariff policies on overall revenue to below 2.2%. The company disclosed that in reviewing its performance for the first quarter of 2025, revenue has been maintained at a high level, and customer orders are in line with expectations. The company expects first quarter performance to remain satisfactory. CONANT OPTICAL's 2024 performance showed revenue of approximately RMB 2.061 billion, a year-on-year increase of about 17.1%; net profit attributable to the parent company's owners was approximately RMB 428 million, a year-on-year increase of about 31.0%. Tianfeng pointed out that the company is a leading provider of resin eyeglass lenses and one-stop services in China, with three production bases globally capable of providing personalized, differentiated, and high-end custom lenses, with profit expected to further increase with optimized product structure; in addition, the layout of XR opens up growth opportunities.