Cosonic(SZ:300793) Dong Jian Yan Bao·2025-03-17 09:09Investment Rating - The report does not explicitly state an investment rating for the industry or the specific company being analyzed. Core Insights - The company, Jiahe Intelligent, is focusing on the development of AI and AR glasses, indicating a strategic shift towards smart hardware and technology innovation [20][23]. - The global market for AI smart glasses is projected to grow significantly, with an expected increase in sales from 234,000 units in 2024 to 550,000 units in 2025, representing a growth of 135% [22]. - The domestic market for AI smart glasses is still in its early stages, with only 5,000 units sold in China in 2024, highlighting substantial growth potential [21][22]. Summary by Sections 1. Basic Research Information - The research was conducted on Jiahe Intelligent in the consumer electronics sector on March 14, 2025, with participation from various investment institutions [13]. 2. Detailed Research Institutions - Multiple investment firms participated in the research, including Debang Fund, Dingcheng Investment, Guotou Securities, and others [14][15]. 3. Research Institution Proportion - The report does not provide specific data on the proportion of research institutions involved. 4. Main Content Information - The company discussed the successful integration of AI in smart glasses, particularly highlighting the RayBan Meta collaboration as a significant market entry point [20]. - The company aims to enhance its capabilities in AI/AR glasses, leveraging its experience in eyewear production and technology [23]. - Jiahe Intelligent is actively collaborating with various suppliers in the AI/AR glasses supply chain to improve product offerings and market reach [25].