HK Stock Market Move | CONANT OPTICAL (02276) rose more than 6% in early trading, Alibaba's self-developed Quark AI glasses went on sale, with the company being the exclusive lens supplier.

CONANT OPTICAL (02276) rose by more than 6% in the morning session, with a 4.82% increase as of the time of publication, reaching 43.96 Hong Kong dollars, with a trading volume of 34.99 million Hong Kong dollars. On the news front, according to 21st Century Business Herald, Alibaba's first self-developed AI glasses - Quark AI Glasses went on pre-sale on Tmall in the early hours of October 24, 2025. Just 10 hours later, it became the top seller in the smart glasses category for Double 11 sales. According to CONANT OPTICAL's official WeChat account, the company is the exclusive lens supplier for Quark AI Glasses, marking another milestone in expanding its presence in the domestic market. Huachuang Securities released a research report stating that the company's Japanese factory is expected to start production in the fourth quarter, further strengthening its global supply capability and effectively hedging against tariff risks. In the medium to long term, the company's XR business has a significant first-mover advantage and high technological barriers. It is expected to enhance its competitive advantage in the process of promoting new technologies in the industry chain, and the company's supply chain positioning continues to be positive.