Core Viewpoint - The company has released a positive profit forecast, expecting a net profit attributable to shareholders to grow by no less than 30% year-on-year by 2025, driven by increased sales of 1.74 refractive index lenses and other multifunctional products, ongoing scale effects, improved automation levels, and optimized financing structure [1] Group 1: Joint Venture and AI Glasses Market - The company has established a joint venture with GoerTek to accelerate the integration of the AI glasses industry chain, focusing on custom lenses and optical components for AI/AR/VR/MR applications [1] - The joint venture has an initial registered capital of $1 million, with an additional $2 million to be added by June 30, and aims to enhance supply chain collaboration and optimize R&D and production capabilities [1] Group 2: Market Growth and XR Business - Global sales of AI glasses are expected to rise significantly, with projections of 7 million units in 2025, 18 million in 2026, and potentially 90 million by 2030, indicating exponential growth [2] - The company's XR business has generated approximately 10 million yuan in revenue as of August 31, 2025, with further growth anticipated as production scales up [2] Group 3: Traditional Optical Business and Financial Projections - The company is set to enhance its market share and profitability in the traditional optical business, with the automation of its Japanese facility and the expected launch of its Thai production base in mid-2026 [2] - Revenue forecasts for 2025-2027 are adjusted to 2.351 billion, 2.765 billion, and 3.222 billion yuan, with net profits projected at 565 million, 703 million, and 861 million yuan respectively, maintaining a "buy" rating for the company [2]
康耐特光学(02276.HK)2025年业绩预告和事件点评：公司业绩延续高增 携手歌尔光学成立合资公司加速产业链整合