东兴证券：东兴晨报-20241130

Core Insights - The report highlights the emerging technology of aerial imaging, which utilizes flat lens technology to create real images without the need for a medium, distinguishing it from holographic projection [1][2] - Aerial imaging is characterized by its non-contact nature, novelty, and anti-peeping capabilities, with applications across various sectors including home, exhibitions, automotive, medical, and education [2][3] Technology and Applications - Aerial imaging technology is based on light field reconstruction principles, utilizing negative refractive flat lenses to precisely control light for image formation [1][2] - The technology's main advantages over holographic projection include the absence of a medium, and the ability to provide clearer images through advanced light manipulation techniques [1][2] Market Participation - Key players in the aerial imaging sector include ASKA3D from Japan's Asukanet, and several domestic companies such as Dongchao Technology, Prism Holography, Xianghang Technology, Yanshi Technology, and Kaisheng Technology [2][3] Future Outlook - The report notes significant developments in the industry, particularly with Huawei's launch of a new smart automotive solution that integrates aerial imaging technology, enhancing the technological appeal of traditional vehicles [2][3] - The smart cockpit market in China is projected to reach 212.7 billion yuan by 2026, with a compound annual growth rate of approximately 17%, indicating strong growth potential for aerial imaging applications [2][3] Investment Recommendations - The report suggests that the aerial imaging industry is poised for growth, with various segments of the value chain, including content creation, equipment manufacturing, and technical support, increasingly collaborating [3] - Recommended stocks include Weishi Electronics, with other beneficiaries identified as Yidao Information, Shikong Technology, Zhongguangxue, Kaisheng Technology, and Obimicrolight [3]