By Yifan Wang
Sunny Optical Technology Group Co.'s 2019 net profit surged, driven by its rapidly growing vehicle-imaging and sensing business, and better margins.
Net profit for rose 60% to 3.99 billion yuan (US$570.5 million) from CNY2.49 billion in 2018, the company, one of China's largest electronics makers, said in a stock-exchange filing late Monday.
Revenue grew 46% to CNY37.85 billion, as both its smartphone-parts and auto-components segments delivered solid growth, Sunny Optical said.
Net-profit margin was approximately 10.6% compared with 9.7% for 2018, it said.
For 2020, the electronics group expects "many uncertainties" ahead as the coronavirus spreads globally.
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