HK Stock Movement | CONANT OPTICAL (02276) Rises Over 3% as Quark AI Glasses Ramp Up Production; Partners with Major 3C Leaders for Smart Glasses

Stock News12-12

CONANT OPTICAL (02276) surged more than 3%, reaching HK$51.65 by the time of writing, with a trading volume of HK$11.03 million. Reports indicate that Quark AI Glasses has added a new assembly line at Luxshare’s factory, with production capacity expected to gradually increase starting next week. An insider from Quark AI Glasses revealed that the team’s primary goal is to fully ramp up production by January next year to meet the surge in demand during the Lunar New Year shopping season.

Notably, the global AI glasses sector is gaining momentum, with companies like Google and Li Auto accelerating their strategic moves. Earlier, Huachuang Securities highlighted that CONANT OPTICAL has a strong foothold in the eyewear manufacturing industry, with balanced domestic and international sales. Structural upgrades are expected to drive sustained profitability improvements. The company has already partnered with several leading 3C manufacturers to develop smart glasses, signaling promising growth prospects.

Considering the accelerated development of the smart glasses supply chain and the company’s steady product upgrades, CONANT OPTICAL’s net profit attributable to shareholders is projected to reach RMB 560 million, RMB 700 million, and RMB 870 million in 2025–2027, with corresponding P/E ratios of 40x, 33x, and 26x, respectively.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment