By Justina Lee

Sunny Optical Technology Group Co.'s first-half net profit rose 22%, helped by higher revenue from its smartphone-related businesses.

Net profit for the first half ended June was 1.75 billion yuan ($252.4 million) from CNY1.43 billion a year earlier, the electronics maker said in a stock-exchange filing late Monday.

Revenue increased 21% to CNY18.86 billion, supported by higher contributions from its optoelectronic products business segment.

The company said it expects business pressures and challenges in the second half, including slower recovery of the market and economy due to the Covid-19 pandemic.

The company will boost its technological innovation and improve overall competitiveness of its products, it added. 



  Write to Justina Lee at justina.lee@wsj.com