HK Stock Market Move | CONANT OPTICAL (02276) rose by more than 8% in the afternoon, the first domestically produced AI glasses were released, and the company is expected to benefit from the acceleration of smart glasses development.

CONANT OPTICAL (02276) rose more than 8% in the afternoon, reaching a new high since its listing at 19.7 Hong Kong dollars, with the stock price temporarily showing eight consecutive gains, and a cumulative increase of nearly 50%. As of the time of writing, it has risen by 8.17% to 19.34 Hong Kong dollars, with a turnover of 66.7292 million Hong Kong dollars. On the news front, on the evening of December 19th, FlashExtreme Technology released the first domestically produced AI shooting glasses - FlashExtreme AI Paipai Mirror. It is worth mentioning that in the past month, many companies have released smart glasses products. Brands such as Snap, Meta, Baidu, Looktech, Rokid, Thunderbird Innovation, Lightning Technology, XREAL, and others have all released related products, and tech giants such as Samsung, OPPO, vivo, Huawei, Tencent, and ByteDance are actively deploying AI glasses projects. Sinolink believes that in the near future, many manufacturers will release smart glasses, and smart glasses are expected to experience rapid development by 2025. With continuous technological breakthroughs, significant growth is expected by 2026. CONANT OPTICAL recently announced that the company's multiple research and development projects with several global leading technology and consumer electronics companies, including many top American companies, are progressing smoothly. According to signed purchase orders, the company has received payments for research and development expenses and pilot orders. Guotai Junan pointed out that the company is actively laying out the smart glasses business and will benefit from the accelerated development of the industry. AI smart glasses are the best hardware carrier for the landing of AI, and the industry is entering a period of rapid growth. The company's cooperation projects are progressing smoothly and will be the first to benefit.