CONANT OPTICAL (02276) rose more than 6% in morning trading. As of press time, the stock was up 6.23% to HK$46.74, with a turnover of HK$16.99 million. On the news front, the company recently disclosed its 2025 results, reporting revenue of RMB 2.186 billion, a year-on-year increase of 6.1%. Net profit attributable to shareholders reached RMB 558 million, surging 30.2% compared to the previous year. Regarding its business, China International Capital Corporation (CICC) forecasts that the company's smart glasses segment is expected to see significant volume growth in 2026. Compared to traditional lenses, which average around RMB 20 per pair, smart glasses optical lenses are priced between tens of US dollars to US$100 per pair, indicating strong potential for value enhancement. CICC expects this segment to contribute notably to revenue, with XR business becoming a key catalyst for valuation re-rating starting in 2026. Orient Securities pointed out that CONANT OPTICAL has established business collaborations with approximately 20 leading domestic and international smart glasses developers. Key projects with some domestic clients have already entered mass production, and are projected to generate substantial revenue and net profit contributions in 2026. To support future growth, the company constructed and put into operation a new Neo Vision XR lens production line in the second half of 2025. Additionally, through a controlling subsidiary, CONANT OPTICAL set up a joint venture with Goertek Optics and plans to participate in financing for Lingban Technology, further deepening its presence across the XR lens industry chain.
Comments