HK Stock Market Move | CONANT OPTICAL (02276) rose more than 11%. China Information and Communication Institute will hold a special seminar on AI glasses. The company's industry-leading advantages are significant.

CONANT OPTICAL (02276) rose by more than 11%, and as of the time of reporting, it rose by 11.6% to HK$30.3 with a transaction value of HK$213.204 million. On the news front, the China Information and Communication Research Institute plans to hold a "AI Glasses Industry Promotion Symposium" at the Computer Innovation Technology Research Institute of Zhejiang University on March 12. It is understood that the main purpose of this symposium is to promote the healthy development of the AI glasses industry and enhance communication and cooperation among upstream and downstream companies in the industry chain. Northeast pointed out that currently, there are over 40 domestic and foreign manufacturers entering the AI glasses market, with the number of products expected to exceed 50. The significant increase in supply is expected to continue to push down the average price of AI glasses, providing a basis for future large-scale production. AI glasses are expected to replicate the rapid growth of TWS earphones and achieve rapid mass production in 2025. It is estimated that the global shipment volume of AI glasses will reach over a billion by 2029. CONANT OPTICAL previously announced a profit increase, expecting a year-on-year growth of not less than 30% in the net profit attributable to shareholders for the fiscal year ending December 31, 2024. Tianfeng believes that CONANT OPTICAL, as a leading manufacturer of custom-made resin lenses with production capabilities, has a significant first-mover advantage in the industry and remarkable R&D achievements. Currently, the cooperation and research and development with top global consumer electronics customers are progressing smoothly, and the entry of Goer giant provides a strong endorsement. The bank believes that the company is poised to enjoy the rapid growth dividend of smart glasses, opening up room for performance and valuation growth.