On August 31, 2026, Ningbo Sunny Smart Autotech Company Limited, spun off from Sunny Optical Technology (02382.HK) and based in Yuyao City, Ningbo, Zhejiang Province, filed its prospectus with the Hong Kong Stock Exchange, planning an IPO on the Main Board. This marks another attempt, following the expiration of its previous application submitted on January 26, 2026.
Sunny Optical Technology IPO prospectus link
Main Business
Sunny Optical Intelligent Mobility, founded in 2004, is a vehicle‑mounted optics technology company that specializes in providing automotive camera solutions, including intelligent sensing and smart cockpit systems. The company is also expanding its product portfolio to encompass additional in‑vehicle optical solutions, such as LiDAR, in‑cabin projection display systems, and intelligent lighting systems.
Sunny Optical Intelligent Mobility is among the first companies to focus on automotive-grade applications and ADAS camera products, continuously driving innovation in optical technology.
Shunyu Zhixing is one of the few companies in the industry that possesses end-to-end R&D and large-scale commercialization capabilities for a full suite of automotive optical products, including in‑vehicle camera systems and other automotive optics. Leveraging its extensive experience in the automotive optics sector and an integrated R&D platform, the company continuously develops and expands its product portfolio, having established a broad product line spanning from individual optical components to modular assemblies and system‑level solutions.
Sunny Optical Intelligent Mobility has established a quality management system to meet the stringent industry standards of key regions. This rigorous certification process has also strengthened the company's industry standing and supported its sustained business growth.
Sunyu Zhixing adheres to a customer-centric philosophy, continuously iterating its products and technologies to meet customer needs, delivering safe, reliable, and cutting-edge solutions, and has established strong brand recognition and collaborative partnerships across the global industry. As of June 30, 2026, Sunyu Zhixing has secured business with eight of the world's top ten Tier‑1 suppliers and nineteen of the world's top twenty automakers.
According to data from Frost & Sullivan,
By 2025, based on shipment volume, Sunny Optical's automotive camera products will rank first globally, with a market share equivalent to the combined market share of the next two competitors.
In the perception and cockpit domains, by 2025, Sunny Optical Intelligent Mobility will be the world's largest provider of perception and cockpit products in terms of shipment volume. Moreover, our automotive lens assemblies have maintained the No. 1 global market share for 14 consecutive years, measured by shipments.
Shunyu Zhixing's revenue is derived from:
In-vehicle camera solutions, including intelligent perception solutions and intelligent cockpit solutions;
Other in-vehicle optical solutions primarily include LiDAR, in-cabin projection displays, and intelligent lighting systems.
Shareholder Structure
According to the prospectus, in Shunyu Zhixing's pre-IPO shareholding structure,
Sunny Optical (02382.HK), through Sunny Zhejiang Optics and the Sunny Group, holds a combined stake of approximately 96.50%, making it the controlling shareholder.
Huijing, holding a 3.50% stake.
Director and senior executives
The Board of Directors of Sunny Smart Mobility consists of eight Directors, including:
2 Executive Directors:
Mr. Xie Qiansen (Co-President);
Mr. Zhang Kouwen (Co-President);
3 Non-Executive Directors:
Mr. Wang Wenjie (Chairman of the Board, CEO of Sunny Optical (02382.HK));
Mr. Ni Wenjun (Vice Chairman of the Board, Chairman of Shunyu Jingong (920906.BJ), and Executive President of Shunyu Optics (02382.HK));
Mr. Shao Yangdong (Vice Chairman of the Board, Managing Director of Yuan Titanium Changqing Fund);
3 Independent Non-Executive Directors:
Ms. Huang Xiubi (Former Assurance Partner at Ernst & Young Hong Kong);
Mr. Wu Wenguang (Advisor to Huaqin Technology (603296.SH), Founder of Shanghai Rongxiuhui, and Doctoral Supervisor at Tongji University);
Mr. Bai Jian (Professor, School of Optoelectronic Science and Engineering, Zhejiang University);
In addition to the Director, the senior management includes:
Dr. Wang Weihua (Chief Financial Officer, Company Secretary);
Mr. Ye Yuqing (Deputy General Manager of Sunny Optical Automotive Optics);
Mr. Gu Yiwu (Deputy General Manager of Suyu Zhiling Technology);
Mr. Li Haifeng (Senior Director of Automotive Optics at Sunny Optical);
Ms. Xu Feng (Senior Director of Technology at Sunnywise Intelligence).
Company Performance
The prospectus indicates that, for the years 2023, 2024, and the first six months of 2025 and 2026, Shunyu Zhixing's operating revenues were RMB 5.262 billion, RMB 5.989 billion, RMB 7.189 billion, and RMB 3.702 billion, respectively, with corresponding net profits of RMB 1.140 billion, RMB 1.272 billion, RMB 1.289 billion, and RMB 665 million, respectively.
Brokerage team
The principal underwriters and advisors for Shunyu Zhixing's IPO include:
CICC and CITIC Securities are its joint sponsors;
Deloitte is its auditor;
Jingtian & Gongcheng serves as its Chinese counsel;
Nian Lida serves as the firm's Hong Kong and U.S. counsel;
Haiwen serves as the China counsel for the securities firm;
Gao Weishen serves as its securities‑firm counsel in Hong Kong and the United States.
Zhuoya Financing serves as its compliance advisor;
Frost & Sullivan serves as its industry advisor.