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FINANCIAL SERVICES | Staff Reporter, Hong Kong
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Sunny Optical stock rallies by a whopping 9,500%

The Mainland lens producer is now worth $22b.

Bloomberg reports that Mainland lens producer Sunny Optical stock rallied by a whopping 9,500% since May 2008 thanks to sustained demand for cameras in various gadgets and vehicles, putting even Netflix’s share to shame which only surged 7,500%. 

The heated growth is set to enrich the company’s earliest employees who hold stocks amongst them janitors, factory workers and cafeteria chefs who may already be millionaires after the dizzying rally.

Founded more than three decades ago, Sunny Optical is now worth $22b that supplies lenses to tech giants Samsung and XIaomi. It is also one of the world’s best stock performers since 2008.

“Possibly Sunny Optical is the most outstanding example in terms of the wealth generated for the workers,” according to Louis Putterman, a professor at Brown University who specializes in the Chinese economy.

Here’s more from Bloomberg:

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