Who are Sunny Optical's main competitors?

Named competitors: Largan Precision (3008.TW), Q Technology (Group) (1478.HK), AAC Technologies Holdings (2018.HK), Cowell e Holdings (1415.HK). The cockpit's measured peer set (industry) also includes Innolux (3481.TW), Shenzhen Kinwong Electronic (603228.SS), Taiwan Union Technology (6274.TWO), Shengyi Electronics (688183.SS), Kinsus Interconnect Technology (3189.TW), Accelink Technologies (002281.SZ).

How has Sunny Optical stock performed?

Over six months to 6 Nov 2026 the shares returned -3.3% against -24.6% for the median peer; over one year -19.6%.

← CockpitCompetitor Analysis › 2382.HK Sunny OpticalOpen in the cockpit ↗

Sunny Optical2382.HKCompetitor analysis, valuation and peers

Hong Kong · HKD·Information Technology›Electronic Components

China's largest maker of smartphone camera lenses and modules, also supplying automotive and machine-vision optics.

≈ China's Largan Precision (in optical lenses)Momentum strong 79

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$8.92B

US dollars, full cap

Free float

65%

of shares outstanding

$/day

$58.4M

20-day average traded

Fwd P/E

14.8×

forward earnings

ROIC−WACC

+5.2 pp

WACC 9.2%

Hurdle

+3 pp

Req g minus delivered

Next earnings

137 days

23 Mar 2027

Close · HKDHK$64.05

1D-2.5%

1W+1.2%

1M-1.5%

3M+8.7%

6M-3.3%

YTD-0.8%

1Y-19.6%

ATR %4.0%

52w lowhigh25.8% off high

What Sunny Optical does

China's largest maker of smartphone camera lenses and modules, also supplying automotive and machine-vision optics.

Sells camera modules, where lens, sensor and actuator are assembled, and standalone lens sets to phone makers, with modules bringing the most revenue while lens sets earn higher margins. Founder Ye Liaoning, who started it in 1984, remains chairman and largest shareholder.

In one line: China's Largan Precision (in optical lenses).

Products and services

Handset camera modules
Optical lenses (handset)
Automotive lenses/ADAS optics
AR/VR & machine-vision optics

Customers

Smartphone OEMs (Huawei, Xiaomi, Samsung, others)
Automotive Tier-1s/OEMs

Where it sits in the supply chain

Electronic components
Optical lens & module manufacturing
Camera lenses, camera modules…

What could go right

Automotive optics content growth
Smartphone camera spec upgrades

What could go wrong

Smartphone unit cyclicality
Pricing pressure from Chinese peers

Moat: narrow (process know-how, scale, customer qualification). Leading handset camera module/lens volume share, but the segment is price-competitive and customer-concentrated.

Headquarters: Ningbo, China · Founded: 1984 · Employees: 34,393

Named competitors

Sunny Optical at a glance

Size Sunny Optical (2382.HK) is a Hong Kong Information Technology company (Electronic Components) with a market value of $8.92B, the 173rd largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$64.05 on 6 Nov 2026.

Performance Over six months the shares fell 3.3%, against -24.6% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 5th highest of 21 in its peer set.

Growth Revenue grew 20.4% over the last twelve months (peer median +33.2%); the operating margin is 8.5% (peer median 12.9%).

Valuation It trades at 14.8× forward earnings against a peer median of 25.9× (6th cheapest of 20).

Price implies For today's price to make sense, revenue must grow about 5% a year for seven years (Req g). Recent delivered growth is +2%, so the hurdle is +3 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Capital Return on invested capital runs 5.2 points above its cost of capital (9.2% WACC).

Next results Next results expected around 23 Mar 2027 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: Sunny Optical against the median of its 20 peers (local-currency closes).

Sunny Optical financials

Reported figures in HKD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	HK$50.8B	HK$46.9B	HK$41.5B	HK$35.0B	HK$38.6B
Revenue growth	—	+13%	+19%	-9%	—
Gross profit	HK$9.93B	HK$9.24B	HK$7.60B	HK$5.07B	HK$7.68B
EBITDA	HK$7.12B	HK$6.36B	HK$4.84B	HK$2.92B	HK$5.17B
Net income	HK$5.34B	HK$5.03B	HK$2.93B	HK$1.21B	HK$2.80B
Free cash flow	HK$4.46B	HK$3.29B	HK$1.87B	HK$949M	HK$5.22B
Capital expenditure	HK$3.44B	HK$3.18B	HK$2.45B	HK$2.75B	HK$3.62B
Total debt	n/a	HK$16.7B	HK$17.5B	HK$17.8B	HK$12.3B

Quarterly statements and history in the cockpit →

Sunny Optical competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Sunny Optical is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Sunny Optical is the large dot.

Capital: growth delivered against growth the price implies

Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Sunny Optical is the large dot.

Sunny Optical competitors and peer comparison

Head to head with its named competitors (2382.HK vs 3008.TW vs 1478.HK vs 2018.HK)
Company	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g
Sunny Optical 2382.HK	$8.92B	-3%	+20%	8%	14.8×	4.9%
Largan Precision 3008.TW	$17.7B	+76%	0%	35%	26.0×	12.6%
Q Technology (Group) 1478.HK	$674M	-50%	+31%	3%	6.9×	n/a
AAC Technologies 2018.HK	$5.60B	-4%	+16%	8%	13.8×	1.2%
Cowell e 1415.HK	$2.38B	-33%	+15%	7%	9.8×	-10.3%

How Sunny Optical compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Sunny Optical against its 20 peers (data as of 6 Nov 2026)
Measure	2382.HK	Peer median	Rank in peer set
1-month return	-1.5%	-36.3%	3rd highest of 21
6-month return	-3.3%	-24.6%	5th highest of 21
Distance from 52-week high	-25.8%	-52.1%	highest of 21
Revenue growth (TTM)	+20.4%	+33.2%	7th lowest of 21
Operating margin	8.5%	12.9%	6th lowest of 21
Forward P/E	14.8×	25.9×	6th cheapest of 20
Growth the price implies (Req g, 7 yrs)	4.9%	39.3%	least demanding of 9
Growth delivered (Del g)	+1.9%	+6.6%	2nd lowest of 9
Hurdle (Req g minus delivered)	+3.0 pp	+25.5 pp	2nd least demanding of 9
ROIC minus cost of capital	+5.2 pp	-1.2 pp	8th highest of 21
EV / EBITDA	8.5×	13.2×	2nd cheapest of 10
Net debt / EBITDA	-1.4×	-0.5×	2nd least indebted of 10

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
Sunny Optical 2382.HK	Hong Kong	$8.92B	-3%	+20%	8%	14.8×	4.9%	+1.9%
Innolux 3481.TW	Taiwan	$8.71B	+32%	+11%	0%	62.6×	37.3%	-3.4%
Shenzhen Kinwong Electronic 603228.SS	China	$8.38B	-23%	+33%	12%	22.6×	n/a	n/a
Taiwan Union Technology 6274.TWO	Taiwan	$8.21B	-26%	+87%	23%	13.9×	n/a	n/a
Shengyi Electronics 688183.SS	China	$7.95B	-44%	+46%	21%	19.4×	n/a	n/a
Kinsus Interconnect Technology 3189.TW	Taiwan	$10.7B	+27%	+34%	14%	29.4×	41.2%	+7.7%
Accelink Technologies 002281.SZ	China	$10.8B	-37%	+32%	11%	42.6×	n/a	n/a
TTM Technologies TTMI	United States	$7.01B	-58%	+38%	12%	8.5×	24.1%	+6.7%
VICR VICR	United States	$6.78B	-43%	+41%	25%	25.9×	46.0%	+6.6%
Orbbec 688322.SS	China	$6.73B	+37%	+1%	0%	202.4×	n/a	n/a
Jiangxi Redboard Technology 603459.SS	China	$6.70B	-4%	+36%	17%	n/a	53.4%	+36.1%
Tripod Technology 3044.TW	Taiwan	$6.57B	-15%	+21%	19%	10.7×	n/a	n/a
Shenzhen Fastprint Circuit Tech 002436.SZ	China	$6.54B	-7%	+26%	6%	57.3×	n/a	n/a
Advanced Fiber Resources Zhuhai 300620.SZ	China	$6.50B	-27%	+86%	18%	107.0×	n/a	n/a
Zhen Ding Technology Holding Lt 4958.TW	Taiwan	$12.8B	-12%	+5%	9%	18.4×	n/a	n/a
Gold Circuit Electronics 2368.TW	Taiwan	$12.9B	-45%	+68%	26%	14.5×	14.2%	+20.7%
Shenzhen Everwin Precision Technology 300115.SZ	China	$5.95B	-12%	+19%	2%	124.0×	n/a	n/a
Compeq Manufacturing 2313.TW	Taiwan	$5.93B	-42%	+8%	11%	15.9×	14.6%	+4.7%
Victory Giant Technology (HuiZhou) 2476.HK	Hong Kong	$13.6B	-67%	+45%	26%	12.4×	n/a	n/a
Founder Technology 600601.SS	China	$5.70B	-27%	+73%	19%	47.6×	n/a	n/a
Taiyo Yuden 6976.T	Japan	$5.63B	+4%	+6%	6%	28.8×	47.0%	+3.4%

Questions

Who are Sunny Optical's main competitors?: Named competitors: Largan Precision (3008.TW), Q Technology (Group) (1478.HK), AAC Technologies Holdings (2018.HK), Cowell e Holdings (1415.HK). The cockpit's measured peer set (industry) also includes Innolux (3481.TW), Shenzhen Kinwong Electronic (603228.SS), Taiwan Union Technology (6274.TWO), Shengyi Electronics (688183.SS), Kinsus Interconnect Technology (3189.TW), Accelink Technologies (002281.SZ).
Is Sunny Optical expensive compared with its peers?: On forward p/e it trades at 14.8× against a peer median of 25.9×, 6th cheapest of 20 in its peer set. For today's price to make sense, revenue must grow about 5% a year for seven years (Req g). Recent delivered growth is +2%, so the hurdle is +3 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has Sunny Optical stock performed?: Over six months to 6 Nov 2026 the shares returned -3.3% against -24.6% for the median peer; over one year -19.6%.