Investment Rating - The industry investment rating is "Positive (Maintain)" [5] Core Viewpoints - The report suggests that with policy support and continuous efforts from various brands, the penetration rate of smart glasses is expected to reach an upward turning point, benefiting eyewear companies first. Additionally, some specialized retail companies, as important channels for offline sales of smart glasses, are also expected to benefit [3][8]. Summary by Relevant Sections Industry Overview - The report highlights the launch of the Quark AI glasses by Alibaba on November 27, featuring two series: S1 (with display) and G1 (without display), with prices starting at 3799 yuan and 1899 yuan respectively. The S1 model includes advanced features such as dual flagship chips and adjustable focal distance [8]. Market Dynamics - The pace of smart glasses brand releases is accelerating, with several major brands launching new products in 2023. For instance, Meta released three models at prices starting from $379, and Xiaomi introduced three models starting from 1999 yuan [8]. Investment Recommendations - The report identifies specific investment targets within the eyewear sector, including Mingyue Lens (301101, Buy), and mentions other companies like Conant Optical (02276, Not Rated) and Doctor Glasses (300622, Not Rated) as potential beneficiaries of the smart glasses trend [3][8].