HK Stock Market Move | CONANT OPTICAL(02276) rises more than 4%. The Communication Institute will hold an AI glasses seminar. The company's leading advantage in the industry is significant.

CONANT OPTICAL (02276) rose more than 4% during the day, with a rise of 3.91% as of the time of writing, reaching 30.55 Hong Kong dollars, with a turnover of 21.38 million Hong Kong dollars. In terms of news, the China Information and Communication Research Institute plans to hold a "AI Glasses Industry Promotion Seminar" at the Computer Innovation Technology Research Institute of Zhejiang University on March 12. It is reported that this seminar is mainly to promote the healthy development of the AI glasses industry and strengthen communication and cooperation among enterprises in the industry chain. Northeast points out that there are already more than 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 lower the average price of AI glasses, providing a foundation for future mass production. CONANT OPTICAL previously announced optimistic earnings, expecting that the attributable net profit to shareholders for the fiscal year ending December 31, 2024 will increase by no less than 30% year-on-year. Tianfeng believes that CONANT OPTICAL, as a leading manufacturer of customized resin lenses with industry advantages, significant research and development achievements, and smooth progress in collaborative research and development with global leading consumer electronics customers, is poised to benefit from the rapid growth of smart glasses. Additionally, the entry of Goer into the market provides a significant endorsement, and the company is expected to enjoy the growth dividend of smart glasses, opening up performance and valuation growth space.