Goldman Sachs: It is expected that Luxshare Precision Industry (02382.HK) will see its gross profit margin improve to over 20% next year. It maintains a "neutral" rating.

According to the Zhixun Finance App, Goldman Sachs released a research report stating that the management of Sunny Optical Technology (02382.HK) expressed a positive outlook on the company's profitability improvement at the mid-term performance meeting, expecting to be driven by the trend of upgrading specifications for smartphone lenses. Goldman Sachs currently predicts that with product upgrades to periscope cameras, ultra-thin solutions, AI imaging, etc., the company's gross profit margin will rise to 19.7% and 20.2% this year and next year, compared to 14.5% and 18.3% in the past two years, but still not reaching the level of 22% to 23% in 2020 to 2021. Goldman Sachs maintains a "neutral" rating on Sunny Optical, and due to mid-term performance, has raised profit forecasts for 2025 to 2027 by 10%, 2%, and 2%, essentially keeping revenue forecasts unchanged, and increasing gross margin forecasts by 0.5, 0.2, and 0.1 percentage points, with the target price raised from HK$89 to HK$91.1.