Lens Technology Co.,Ltd. (06613) surged over 13% in the afternoon session, with a gain of 12.87% to HK$27.18 at the time of writing, generating a turnover of HK$1.275 billion.

The company has unveiled a draft 2026 A-share restricted stock incentive plan.

The grant price is set at RMB 20.36 per share, representing a discount of approximately 49.7% to the latest closing price of RMB 40.5.

Citi published a research report noting the company's 2026 revenue target is 18% and 10% above Citi's and market expectations, respectively, while the 2027 and 2028 targets are below Citi's forecasts.

The bank views the 2026 revenue target as relatively ambitious considering the current weakness in the Android segment, but does not rule out potential growth contributions from automotive glass and robotics businesses.

The 2027 and 2028 revenue targets are largely in line with market consensus.

Citi maintains a positive outlook on the company, driven by its automotive business, upgrades to iPhone cover glass, increased market share in metal casings, and the dual growth engines of its assembly operations.