On August 26, LENS rose 3.39% in regular trading, trading at HK$24.36/share, with turnover of HK$36.12 million.

On the news front, multiple investment banks issued bullish upgrades on the stock. Jefferies significantly raised its target price from HK$19 to HK$28 while maintaining a Buy rating, while Bank of America Securities lifted its target to HK$27, reiterating a Buy rating, citing robust core business expansion and diversification progress.

Fundamentally, the company reported Q2 net profit of RMB 726 million, achieving a sequential turnaround from loss to profit, with gross margin improving to 18.2%, up 2.47 percentage points year-over-year. The company disclosed multiple growth drivers during its August 23 conference call, including its positioning in AI smart glasses via precision glass processing and optical waveguide technology, anticipated order ramp-up in next-generation AI server structures in the second half, and accelerating embodied intelligence business expected to deliver significant growth.

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