Movement Alert|LENS Rises 3.57% in Regular Trading, Q2 Earnings Turnaround Combined with Apple Foldable Screen and Robot Business Catalysts

Market Focus
Aug 24

On August 24, LENS rose 3.57% in regular trading, trading at HKD 23.04/share, with turnover of HKD 65.75 million.

On the news front, the company released its interim report on August 21. While H1 net profit attributable to shareholders fell 49.52% YoY to RMB 577 million, Q2 standalone net profit reached RMB 726 million, up 1.77% YoY and marking a sequential turnaround from a Q1 loss, with gross margin improving to 18.2%. As a core UTG supplier for Apple's foldable screen, related components began shipping in Q2, with Apple raising its full-year preparation target to 10 million units. Additionally, a consumer-grade robot brand announced pre-orders with its initial 10,000-unit production line contracted to LENS's smart robot division, further validating its embodied intelligence business. The board also declared an interim dividend of HKD 1.15598 per 10 shares payable on October 20.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10