Ge Long Hui A P P·2025-12-15 08:56Group 1 - The core viewpoint of the article highlights that Lens Technology is making comprehensive layouts in the AI cloud computing and AI edge computing sectors [1] - In the AI computing aspect, the company plans to acquire 100% equity of PMG to quickly obtain mature technology and customer certifications for specific server cabinet businesses, as well as advanced liquid cooling system integration capabilities [1] - In the AI edge computing aspect, the company has established vertical integration capabilities from components to assembly in areas such as smart glasses and embodied intelligence, collaborating deeply with major domestic and international clients [1] Group 2 - The company's consumer electronics main business is expected to benefit from the ramp-up of folding models from major clients and upgrades in appearance structural components [1] - The automotive glass business is progressing smoothly and is expected to bring significant business increments to the company [1] - The current market valuation corresponds to P/E ratios of 34, 24, and 19 times, with an initial coverage rating of "Buy" [1]