On August 25, LENS declined 4.14% in regular trading, trading at HK$23.22/share, with turnover of HK$24.56 million. The stock gave back a significant portion of its 5.31% gain from the previous session.
The pullback comes as the market more critically digests the company's H1 results released on August 21. While Q2 net profit of RMB 726 million represented a sequential turnaround from a Q1 loss of RMB 150 million, the overall H1 picture remained weak: revenue fell 12.42% year-over-year to RMB 28.87 billion, attributable net profit declined 49.52% to RMB 577 million, and non-recurring gains accounted for approximately 40% of total profit. The company also booked RMB 456 million in asset impairment provisions, while accounts receivable reached 228.75% of net profit, flagging collection risk.
Although Bank of America raised its target price to HK$27 and Jefferies lifted its target to HK$28 on the prior trading day, the broader Electronic Components sector showed mixed performance, with LUXSHARE ICT down 3.31% and SUNNY OPTICAL down 0.91%, suggesting sector-wide pressure persists.
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