HK Stock Market Move | Lens Technology (06613) falls over 7% to a new low; terminal demand and foreign exchange weigh on results; Q3 net profit attributable to shareholders halves year-on-year.

Lens Technology (06613) share price moved lower, falling over 7% intraday to a new listing low. As of press time, it is down 7.31% at HK$13.83, with turnover of HK$103 million. On the news front, Lens Technology reported third-quarter revenue of RMB19.035 billion, down 8.05% year-on-year; net profit attributable to shareholders was RMB843 million, down 50.42% year-on-year. The decline in results was mainly attributed to pressure on terminal demand caused by rising memory prices, delayed new product launches by major customers, and foreign exchange losses. In the first nine months of this year, Lens Technology's foreign exchange loss amounted to RMB654 million, compared with a foreign exchange gain of RMB115 million in the same period last year. It is worth noting that although the company has continued to expand into automotive, Siasun Robot&Automation and AI server businesses in recent years, smartphones and computers still contribute the vast majority of its revenue. In the first half of this year, revenue from its phone- and computer-related businesses was RMB22.382 billion, still accounting for 77.54% of total revenue. UOB Kay Hian recently sharply cut Lens Technology's earnings forecasts for 2026 to 2028 by 40%, 15.9% and 7.9%, respectively, to RMB2.844 billion, RMB5.407 billion and RMB7.876 billion, reflecting lower assumptions for the smartphone business as well as higher ratios of operating expenses related to R&D and talent.