Sunny Optical Holding Limited (2382.HK) held an investor day event in its headquarters in Yuyao, Zhejiang province. The event highlighted the company's strong position in the global market, particularly in the automotive, XR, and robotics sectors. The company's HCM/HLS division remains the global leader, with a steady upgrade path. VLS has seen significant growth in its ASP and market share, driven by the ADAS upgrade and the increasing demand for automotive cameras. The company also has significant opportunities in the LiDAR/AR-HUD, automatic module, and XR markets. The company's non-smartphone business is now a major contributor to its earnings, with a revenue growth of over 50% in 2022. The company's TP is currently being reviewed. In conclusion, Sunny Optical has a strong product roadmap and significant opportunities in various markets, which should support its long-term growth.
