On June 8, Sunny Optical Technology fell 6.95% in regular trading, trading at 78.5 HKD/share, with trading volume of HKD 587 million.

On the news front, a major client has reportedly reduced its mobile phone component procurement by approximately 30% and will lower its second-half handset shipment forecast, putting broad pressure on the smartphone supply chain sector. This negative development has continued to ferment over recent sessions, with the stock declining consecutively since the news surfaced.

Notably, the stock had surged over 20% in the preceding week, driven by multiple positive catalysts including the appointment of a Canadian Academy of Engineering fellow as CTO to lead optical interconnect R&D, Apple variable-aperture lens orders with nearly 50% share, and OpenAI optical component orders. However, the sharp rally created significant short-term profit-taking pressure, which combined with the client order-cut headwind has accelerated the pullback.

Within the Electronic Components sector, the broader segment showed mixed performance. Among individual stocks, KB Laminates up 3.47%, Kingboard Holdings up 3.93%, VGT down 5.91%, Lens Technology down 3.87%, FIT Hon Teng down 4.26%.

(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.)