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Sunny Optical Slides After Guiding for Lower Profit, Weak Smartphone Lens Demand

By Sherry Qin

Shares of Sunny Optical Technology Group declined early Thursday after the company said it expects a sharp drop in first-half profit due to factors including China’s slow economic recovery and weak global demand for smartphones.

Sunny Optical shares fell 14% to 67.20 Hong Kong dollars ($0.128), putting the Yuyao, China-based…

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