Guotai Junan: The smart glasses industry chain is expected to enter a rapid growth period, and related companies will welcome the upswing cycle.

Guotai Junan has released a research report stating that the smart glasses industry chain is expected to enter a period of rapid growth, and companies related to the industry chain will usher in an upturn in the business cycle. It recommended the leading domestic lens brand Mingyue Optical Lens (301101.SZ), as the company is proactively exploring the layout of smart glasses products and actively cooperating with companies in the industry chain, which may benefit from the industry's growth. Another company expected to benefit is Impulse (Qingdao) Health Tech (002899.SZ), as it partners with the emerging smart glasses brand Liweike, accelerating its layout in the smart sports equipment market. Key points from Guotai Junan include: 1) Positive factors are resonating, driving the industry's business sentiment upwards. 1) The China Institute of Information and Communications has officially launched AI glasses special testing, providing a reference evaluation index for the AI glasses industry and promoting technological innovation and standardization. 2) Rokid Glasses made its debut at a government conference. 3) At the Shanghai International Eyewear Expo, the interest in AI glasses from dealers and consumers was high. 4) Major manufacturers are expected to unveil new products by the end of February 2025, with sales beginning in June. 2) The scenario of lenses is accelerating in differentiation, with AI glasses becoming popular at eyewear exhibitions. 3) International products are accelerating penetration, with promising prospects in the domestic market. Potential risks include lower than expected product penetration and technological route iterations.