LUXSHARE-ICT(SZ:002475) Zheng Quan Shi Bao·2025-10-20 17:10Group 1: Market Overview - The global smart glasses market is expected to reach 4.065 million units shipped in the first half of 2025, representing a year-on-year growth of 64.2% [1] - By 2029, the global smart glasses market is projected to exceed 40 million units, with China's market share steadily increasing and a five-year compound annual growth rate (CAGR) of 55.6% from 2024 to 2029, the highest globally [1] Group 2: Company Developments - Meta has launched the Ray-Ban Display smart glasses at a starting price of $799, which has seen high consumer demand, with retail stores nearly sold out and trial appointments fully booked before November [2] - Apple is shifting focus from upgrading the Vision Pro headset to developing smart glasses to compete with Meta's products, as AR smart glasses become a new focal point amid declining VR headset demand [2] - Lixun Precision has reported a net buy amount of 5.007 billion yuan in the AI glasses sector, indicating a strong market position [3] Group 3: Financial Performance - In the first three quarters of 2023, Lixun Precision, Lingyi iTech, and Rockchip reported net profits exceeding 500 million yuan, with Lixun Precision leading at 11.117 billion yuan [4] - Several companies, including Suobede, have seen their net profits double year-on-year, with Suobede's growth rate reaching 1285.39% [4] - Analysts predict that 11 AI glasses concept stocks will see their net profits double in 2025, with Sanan Optoelectronics and TCL Technology leading the expected growth rates at 294.41% and 289.41%, respectively [4]