Changes in Hong Kong stocks | Connett Optics (02276) rose more than 4% The Institute of Information and Communications Technology will host a symposium on AI glasses, and the company's industry has a significant first-mover advantage

The Zhitong Finance App learned that Connett Optics (02276) rose more than 4% in the intraday period. As of press release, it had risen 3.91% to HK$30.55, with a turnover of HK$21.3836 million.

According to the news, the Chinese Academy of Information and Communications Technology plans to hold a “Special Seminar on Promoting the AI Glasses Industry” at the Computer Innovation Technology Research Institute of Zhejiang University on March 12. According to reports, the main purpose of this seminar is to promote the healthy development of the AI glasses industry and strengthen exchanges and cooperation between upstream and downstream enterprises in the industrial chain. Northeast Securities pointed out that at present, more than 40 domestic and foreign manufacturers have entered the market for AI glasses, and the number of products involved is expected to exceed 50. The sharp increase in supply is expected to continue to lower the average price of AI glasses, thus providing a foundation for future sales.

Connett Optics previously made a profit, and it is expected that net profit attributable to shareholders for the year ended December 31, 2024 will increase by no less than 30% year-on-year. Tianfeng Securities believes that as a leading manufacturer of resin lenses with customized vehicle room production capacity, Conet Optics has a remarkable first-mover advantage in the industry and remarkable R&D results. Currently, R&D is progressing smoothly in cooperation with leading global consumer electronics customers. Furthermore, the Goertek giant has entered the market to provide significant endorsements. The bank believes that the company is expected to enjoy the rapid growth dividends of smart glasses, opening up room for growth in performance and valuation.