Lens(SZ:300433) Xin Lang Cai Jing·2026-01-12 08:40Group 1 - The core theme of the article is that Lens Technology is showcasing its comprehensive AI hardware ecosystem at CES 2026, emphasizing its innovations in traditional consumer electronics and emerging fields like robotics and commercial aerospace [1] - Lens Technology has introduced a commercial-grade flexible glass (UTG) photovoltaic packaging solution, addressing the industry's challenge of balancing "strength" and "flexibility" in low Earth orbit satellite solar wings, with a thickness of only 30μm-50μm and a bending radius as low as R1.5mm [1] - The company is building a highly vertically integrated core manufacturing platform for embodied intelligent hardware, showcasing humanoid robots and key transmission components, achieving breakthroughs in force control precision and industrial durability [1] Group 2 - Lens Technology has launched a full-stack liquid cooling solution, with the TGV glass substrate being a key material that supports the continuation of Moore's Law, potentially reducing AI computing costs by over 30% [2] - The company continues to innovate in the consumer electronics sector, introducing atomic-level manufacturing processes for 3D curved glass and new generation VC cooling technology, achieving ultra-thin products while ensuring stable AI algorithm performance [2] - The company is advancing towards a new era of interaction, with next-generation AI/AR glasses seamlessly integrating digital information with the real world, and smart rings serving as a portable hub for body data and intent perception [2] Group 3 - The investment recommendation maintains a "buy" rating and profit forecast, with expectations for net profits of 5.42 billion, 6.71 billion, and 7.93 billion yuan for 2025-2027, corresponding to P/E ratios of 31.1, 25.2, and 21.3 times [2]