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Investing.com-- Shares of Apple (NASDAQ:AAPL) supplier Lens Technology (HK:6613) (SZ:300433) surged on Wednesday after the Chinese glass maker posted stronger first-half earnings and investors bet on a demand boost from Apple’s upcoming iPhone 17.
Lens Technology on Tuesday reported a 32.7% rise in net profit to 1.14 billion yuan ($157 million) for the six months to June 30, helped by double-digit growth in its smartphone and computer segment. Revenue climbed 14% to 32.96 billion yuan.
Shanghai-listed shares of the company jumped as much as 9% to 33 yuan, their highest since March 2021.
Hong Kong shares, which debuted last month, surged nearly 15% to a record high of HK$29.88.
The company said it plans to expand global manufacturing capacity and pursue deeper vertical integration across materials, modules and finished products, aiming to capture more value in high-end consumer electronics.
The results come ahead of Apple’s widely expected iPhone 17 launch, likely on Sept. 9, with analysts predicting stronger component orders that could benefit suppliers across Asia.