HK Stock Market Move | CONANT OPTICAL(02276) rose by over 5% to hit a new high. The industry is continuously being catalyzed by positive news, and the company is expected to benefit from the rapid growth dividend of smart glasses.

CONANT OPTICAL (02276) rose by more than 5%, reaching a high of 29.95 Hong Kong dollars, setting a new listing high. As of the time of writing, it has risen by 5.32%, to 29.7 Hong Kong dollars, with a turnover of 3346.59 million Hong Kong dollars. On the news front, the standardization process of the AI glasses industry is accelerating. China Academy of Information and Communications Technology recently conducted special tests on the RayBan-Meta Wayfarer smart glasses, conducting comprehensive and objective tests on seven key modules of AI glasses from both objective indicators and subjective experiences. Earlier, Rokid founder and CEO Zhu Mingming wore Rokid Glasses at the Economic High-Quality Development Conference in Yuhang District, Hangzhou, and used its intelligent prompt function to deliver a keynote speech. Galaxy Securities stated that Wellsenn XR is expected to ship 3.5 million pairs of AI glasses by 2025, a year-on-year increase of 130%, and sales of AI glasses will rapidly increase to 90 million pairs by 2030, ushering in the "iPhone moment" for AI glasses. Tianfeng believes that CONANT OPTICAL, as a leading manufacturer of custom resin lenses with industry-leading production capacity, has significant industrial advantages, remarkable research and development achievements, and is currently making smooth progress in research and development cooperation with top consumer electronics customers worldwide. In addition, the entry of Goer giant provides a strong endorsement. The bank believes that the company is expected to benefit from the rapid growth dividend of smart glasses, opening up performance and valuation growth space.