Investment Rating - The investment rating for the company is "Buy" [1] Core Viewpoints - The KTC AI interactive glasses have been officially launched at a starting price of 1499 yuan, with a promotional price of 999 yuan for the first 500 customers [2][3] - The global smart glasses market is expected to see significant growth, with a projected shipment of 1.568 million units in 2024, representing a year-on-year increase of 119% [4] - The company is positioned as a leader in the global smart display industry, with a stable revenue growth trajectory and a strong competitive advantage [5] Financial Projections - Revenue is expected to reach 176 billion yuan in 2025, with a year-on-year growth of 12.8%, and projected net profit of 9.7 billion yuan, reflecting a growth of 16.5% [6][8] - The earnings per share (EPS) is forecasted to be 1.39 yuan in 2025, with a price-to-earnings (PE) ratio of 18 times [6][8] - The company anticipates a steady increase in revenue and net profit over the next three years, with net profit expected to reach 14.2 billion yuan by 2027 [6][8]
康冠科技（001308）：KTCAI交互眼镜正式发布，创新品类再添新品