Shunyu Optical Technology issued a profit warning, which is expected to decline 65% in the first half of the year compared with the same period last year. 70%

Thank CTOnews.com netizens for the delivery of the trumpet of a salted fish and the clue of Mr. Aviation! CTOnews.com July 19 news, Shunyu Optical Technology issued a profit warning today, saying that it expects to make a profit of between 407.4 million and 475.3 million yuan in the first half, a decrease of about 65% and 70% compared with the same period last year.

▲ Tuyuan Hong Kong Stock Exchange official website for the reasons for the sharp drop in profits, Shunyu Optical Technology said that due to the slow economic recovery in the mainland and global economic uncertainty, the global smartphone market demand continues to be weak, the industry competition is fierce, and smartphone cameras continue to show the trend of "downgrading", resulting in a year-on-year decline in shipments of its mobile phone lenses and mobile camera modules, increasing average selling prices and gross margin pressure.

In addition, due to the devaluation of the RMB, Shunyu Optical Technology issued US $400 million (CTOnews.com Note: currently about 2.872 billion yuan) sustainable development linked bonds and long-term bank loans of about US $277 million (currently about 1.989 billion yuan) on January 17 this year, recording an unrealised foreign exchange loss of nearly 162 million yuan, which is a non-cash project.