HK Stock Market Move | CONANT OPTICAL (02276) rose more than 6% in early trading, as the company deepens its layout in the XR lens industry chain. The smart eyewear business is expected to increase significantly in the next 26 years.

CONANT OPTICAL (02276) rose more than 6% in early trading, rising 6.23% to HK$46.74 as of the latest report, with a turnover of HK$1699.32 million. On the news side, CONANT OPTICAL recently disclosed its performance for the year 2025. The company achieved a revenue of HK$2.186 billion in 2025, an increase of 6.1% year-on-year, with a net profit attributable to shareholders of HK$558 million, a significant increase of 30.2% year-on-year. In terms of business, China Jin estimates that the company's smart glasses business is expected to grow significantly in 2026. Compared to the average price of traditional lenses of around HK$20 per pair, the unit price of optical lenses for smart glasses ranges from tens to 100 US dollars per pair, with strong certainty in value growth. The bank expects a significant increase in revenue contribution, and the XR business will become a core catalyst for valuation reshaping starting in 2026. Orient pointed out that CONANT OPTICAL has already started business cooperation with about 20 leading smart glasses developers domestically and internationally. Some key projects with domestic customers have entered the mass production stage, and it is expected to generate significant revenue and net profit contributions in 2026. To support future development, the company has built and put into operation a new Neo Vision XR lens production line in the second half of 2025. In addition, the company has established a joint venture with Goertek Optical through its holding subsidiary, and plans to participate in the financing of LingBan Technology to deepen its XR lens industry chain layout.