在最新的市场行情中，应用材料公司（AMAT）的一股股价在9月22日迎来了5.48%的增长，实现了连续 六天的上涨。近六天的累积涨幅达到了令人印象深刻的19.50%。值得注意的是，此次的盘中最高价创 下了自2024年10月以来的新高，这充分显示了市场对其的高度关注和认可。 来源：市场资讯 （来源：美股情报站） 第一代采用LCoS/DLP光引擎搭配多层光波导时，由于背光源及设计架构的限制，显示质量欠佳。而第 二代方案引入了更小的MicroLED光引擎，在尺寸、功耗、对比度和解析度等方面表现优异。但纳米压 印工艺仍未能解决显示性能的瓶颈问题。 应用材料公司最近成为了业界关注的焦点，与上海显耀显示科技有限公司（JBD）和雷鸟创新 （RayNeo）的合作取得了显著成效，特别是在全彩光波导AR眼镜显示画质上取得了实质性突破。这项 技术合作的成果已经在雷鸟X3 Pro眼镜中得以应用，大幅提升了消费级光波导AR眼镜的视觉表现力。 传统上，全彩光波导AR眼镜常常面临色彩失真、亮度不均和低画质等技术瓶颈，严重影响了用户体验 和市场发展。然而，此次三方的联合，通过整合MicroLED微显示、画质校正、光波导制造及整机设计 等领域的 ...

Core Viewpoint - The company Guangpu Co., Ltd. (300632.SZ) has announced that its optical integrated sensor packaging products and FPC (Flexible Printed Circuit) products can be applied in AR (Augmented Reality) glasses [1] Group 1 - Guangpu Co., Ltd. is actively engaging in the development of products suitable for the AR glasses market [1] - The company's optical integrated sensor packaging products are specifically designed for integration into AR technology [1] - FPC products from Guangpu Co., Ltd. are also positioned for use in AR glasses, indicating a strategic focus on this emerging technology [1]

阵列光波导作为全彩AR眼镜实现"轻薄外观+沉浸视觉+隐私保护"的最优解，并非Meta首创，国内智能 眼镜头部品牌影目INMO，从创立初就坚守阵列光波导核心光学显示路径。作为行业内始终坚 持"AI+AR"一体式轻量化设计的智能眼镜，是国内唯一一家从首代影目INMO AIR开始，率先将阵列光 波导应用于消费级智能眼镜，并在后续迭代中持续优化。 目前影目INMO AIR系列已经来到了第三代，作为全球首款量产的1080P无线一体式AR眼镜，AIR3已经 积累了成熟的技术经验与用户验证。如今，Meta的选择无疑印证了影目前瞻眼光与战略定力，也让影 目的早期坚持显得更具价值，同时再次证明了国产智能眼镜在硬件技术上的全球领先地位。 Meta Display vs. INMO AIR3：技术与体验的正面交锋 Meta Ray-Ban Display首次在右眼增加全彩单目显示，带来时尚外观与初步的AR叠加体验；而经过3年 技术迭代的影目INMO AIR3，作为双目全彩AR眼镜先行者，其搭载自研IMOS 3.0空间操作系统，集成 AI语义交互、空间计算、多屏协同能力，已广泛应用于办公、娱乐、社交、出行等高频日常场景。 光学方案： ...

消息面上，天眼查9月17日消息显示，蓝思科技注册成立全资子公司蓝思光电科技(长沙)有限公司，主 营业务涵盖光学仪器、虚拟现实设备、显示器件、新型光学材料及眼镜制造等领域。据了解，作为全球 多家头部AI眼镜客户的核心模组供应商及Rokid整机组装商，蓝思科技已实现从光学镜片、功能模组到 整机组装的全流程覆盖，其技术优势更直接体现在合作项目中。公开信息显示，蓝思科技为Rokid眼镜 提供独家整机组装及核心模组供应，其中光波导镜片便应用了定制化镀膜技术。 兴业证券此前指出，根据维深wellsenn XR调研统计，2024年中国AR销量为18万台，海外AR销量为32万 台，预计2025年全球AR销量为65万台，同比增长30%，2025年AR眼镜主要增长来源于光波导信息提示 类型AI+AR眼镜的增长，预计到2027年全球AR销量有望突破150万台。该行认为，目前AR眼镜市场发 展主要依赖于C端的进一步渗透，光波导与微显示技术持续发展，AR眼镜未来有望持续轻量化降本， 在消费级市场大规模落地。 （原标题：港股异动 | 蓝思科技(06613)午前涨超7% 注册成立AR研究领域子公司 机构看好光波导技术 引领AR产业升级） ...

Core Viewpoint - The company is actively developing AR glasses optical systems using Micro-LED and waveguide technology, currently in the research and development phase, and maintains a close partnership with Meta for VR glasses applications [1] Group 1 - The company has laid out plans for AR glasses optical systems, focusing on Micro-LED and waveguide technology [1] - The company is in the research and development stage for these emerging product technologies [1] - Meta is a significant end customer for the company, with successful application of its backlight display products in Meta's VR glasses [1] Group 2 - The company continues to maintain a close cooperative relationship with Meta [1]

Group 1 - The State Council's Safety Production Committee has initiated a three-year action plan starting January 2024 to strengthen safety production measures and effectively prevent major accidents [1] - In the first year of implementation, the national safety production situation has improved, with major accidents dropping to single digits for the first time and fatalities falling below 20,000 [1] - In the first half of the year, the number of various production safety accidents and fatalities decreased by 22.9% and 17.8% year-on-year, respectively [1] Group 2 - Following a tragic fire incident in Jiangxi Province that resulted in 39 deaths, the local government has implemented comprehensive safety inspections and regulations for cold storage facilities [2] - A total of 4,853 inspection teams were formed, leading to the rectification of 9,163 hazards and the closure of 41 businesses [2] - Tianjin has focused on risk prevention and has conducted joint inspections of 204,200 production units, identifying 5,512 major hazards [2] Group 3 - Zhejiang Province is advancing "AI+" initiatives, utilizing VR and AR technologies to enhance safety training and hazard identification capabilities among employees [3] - The percentage of enterprises self-identifying and rectifying major hazards has increased from 28.9% in 2023 to 64.1% currently [3] - Since the beginning of 2024, over 960,000 major hazards have been identified, with a rectification rate of 98% [3] Group 4 - The transformation towards digital safety management is being implemented across high-risk industries, with over 1,900 coal mining faces achieving intelligent mining and more than 2,000 unmanned vehicles in operation [4] - The "Safety Production Month" campaign has reached 230 million people through 480,000 safety promotion events [4] - The focus for 2025 will be on identifying safety hazards in workplaces, enhancing participation from employees and the public in safety production [4]

Core Viewpoint - The integration of AR technology and artificial intelligence is accelerating the penetration of AR glasses into the consumer electronics market, prompting upstream and downstream companies to intensify their investments in this sector [1]. Group 1: Technology Breakthroughs - Micro LED and SiC are identified as the core components driving the upgrade of AR glasses, with Micro LED enhancing image display and SiC managing energy efficiency and optical waveguide functions [2]. - Sanan Optoelectronics has accumulated extensive R&D experience in Micro LED, achieving miniaturization and high efficiency in its chips, which meet advanced industry standards in brightness, contrast, color saturation, and response speed [2]. - The company's SiC optical chips meet the manufacturing requirements for AR glasses' optical waveguides and have been certified by leading domestic and international clients, indicating readiness for commercialization [3]. Group 2: Market Potential - The AR glasses market is projected to see significant growth, with global sales expected to exceed 850,000 units by 2025, representing a year-on-year increase of 70% [4]. - The AI/AR glasses industry is anticipated to surpass a scale of 100 billion within three years, highlighting the vast market potential [4]. Group 3: Supply Chain Advantages - Sanan Optoelectronics possesses a unique advantage in the industry by being one of the few companies with both Micro LED and SiC R&D and manufacturing capabilities, creating a self-controlled supply chain for core components [4]. - This vertical integration ensures stable supply, cost optimization, and improved product delivery efficiency, providing comprehensive support to AR glasses manufacturers [4]. - The company’s subsidiary, Hunan Sanan, has a production capacity of 16,000 6-inch SiC wafers per month and is operational with 8-inch SiC substrate and epitaxy production lines [4]. Group 4: Collaborative Efforts - Sanan Optoelectronics is closely collaborating with domestic and international manufacturers in the AI/AR glasses sector, with small batch deliveries of SiC optical substrates already made to multiple clients [5]. - Continuous optimization of optical parameters is underway, with new applications in AI/AR glasses expected to drive growth in the company's SiC business [5].

Core Insights - The integration of AR technology and artificial intelligence is accelerating the penetration of AR glasses into the consumer electronics market, prompting upstream and downstream companies to intensify their investments [2] - Sanan Optoelectronics is becoming a significant player in the AR glasses sector, leveraging its R&D and manufacturing capabilities in Micro LED and SiC components [2][4] Technology Dual Engines: Micro LED and SiC - Micro LED is responsible for delivering exceptional image display, while SiC manages efficient energy and optical waveguide functions, together forming a critical combination for enhancing AR glasses [4] - Sanan Optoelectronics has accumulated extensive R&D experience in Micro LED, achieving miniaturization and efficiency improvements, with products meeting advanced industry standards in brightness, contrast, color saturation, and response speed [4] - The company has initiated small-scale validation of its Micro LED applications in AR scenarios with domestic and international terminal manufacturers [4] - In the SiC domain, Sanan has established a vertically integrated manufacturing platform, achieving outstanding performance in key optical parameters, which meet the manufacturing requirements for AR glasses [5] Industry Chain Advantages: Enabling Large-Scale Deployment of AR Glasses - The AR glasses market is projected to grow significantly, with global sales expected to exceed 850,000 units by 2025, representing a 70% year-on-year increase [7] - The AI/AR glasses industry is anticipated to surpass a scale of 100 billion within three years [7] - Sanan Optoelectronics stands out in the industry for its dual capabilities in Micro LED and SiC, creating a self-controlled supply chain advantage that ensures stability in component supply and cost optimization [8] - The company has a monthly production capacity of 16,000 6-inch SiC wafers and has initiated production lines for 8-inch SiC substrates and chips [8] - Sanan is collaborating closely with domestic and international manufacturers in the AI/AR glasses sector, with small-scale deliveries of SiC optical substrates already underway [8]

Core Viewpoint - The collaboration between Guangfeng Technology and Gudong Intelligent has led to the launch of an innovative "LCoS + PVG waveguide" AR glasses optical solution, which is expected to significantly reduce the price of AR glasses to the range of 1500 to 2000 yuan, facilitating mass production in the industry [1][6]. Group 1: Product Launch and Features - Guangfeng Technology introduced two LCoS AR light engines, the Dragonfly G1 and Rainbow C1, which enhance display quality and user experience [2][3]. - The Dragonfly G1 features a single-eye resolution of 640x200, a field of view (FOV) of approximately 25°, and a compact size of about 0.35cc, optimizing comfort and portability [2]. - The Rainbow C1 supports both single and dual-eye AR displays with resolutions of 640x480 or 960x720, a FOV of about 30°, and a compact size of approximately 0.8cc, making it suitable for various AR applications [3]. Group 2: Technological Innovations - The "one-to-two" solution utilizes Gudong Intelligent's fourth-generation PVG holographic waveguide technology, achieving a 300% improvement in optical efficiency and over 90% transmittance [4]. - This innovative design allows for a central placement of the light engine in the glasses frame, enhancing the overall design and user comfort while eliminating common issues like the rainbow effect and light leakage [4][5]. Group 3: Cost Advantages - The combination of LCoS and PVG waveguide technologies significantly reduces costs compared to traditional Micro LED and diffraction waveguide solutions, making AR glasses more affordable [6]. - The "one-to-two" approach reduces the number of light engines required, cutting material costs and allowing for a final product price between 1500 and 2000 yuan, which is substantially lower than the current average of over 3000 yuan for consumer-grade AR glasses [6]. Group 4: Production Capacity - Guangfeng Technology has established a production line capable of producing 500,000 LCoS AR light engines, ensuring a robust supply for large-scale production [7]. - Gudong Intelligent has developed a comprehensive supply chain for optical materials and modules, including a production line for PVG waveguides, which enhances production efficiency and reduces reliance on foreign suppliers [7].

Core Viewpoint - The launch of the "LCoS (Silicon-based Liquid Crystal) + PVG Waveguide" optical solution for AR glasses marks a significant milestone in the industry, breaking multiple technical bottlenecks and enhancing user experience, while potentially disrupting the current pricing structure of AR glasses, bringing the end product price down to the range of 1500-2000 yuan [2][13]. Group 1: Technological Breakthroughs - The solution features a "single optical engine driving dual display" architecture, utilizing one optical engine to independently deliver light to each eye, achieving independent dual-eye display [3]. - The collaboration between Guangfeng Technology and Gudong Intelligent has resulted in breakthroughs in optical performance, cost control, and power management, addressing the traditional dilemma of high performance equating to high costs in AR glasses [3][10]. Group 2: Product Launch - Guangfeng Technology introduced two LCoS AR optical engines, the Dragonfly G1 and Rainbow C1, which provide superior display effects and user experiences for AR glasses [5]. - The Dragonfly G1 features a single-eye resolution of 640x200, a field of view (FOV) of approximately 25°, and a compact size of about 0.35cc, enhancing comfort and portability [6]. - The Rainbow C1 offers RGB full-color capabilities with resolutions of 640x480 or 960x720, a FOV of about 30°, and a size of approximately 0.8cc, suitable for various AR applications [7]. Group 3: User Experience Enhancements - The new optical solution overcomes multiple industry challenges, improving design, display, and wearability aspects [10]. - The innovative "one-to-two" design places the optical engine centrally in the frame, allowing for a thinner design and functional expansion while optimizing the layout to eliminate discomfort during wear [10][12]. Group 4: Cost Advantages - The LCoS + PVG waveguide combination offers a lower-cost alternative to the expensive Micro LED + diffraction waveguide solutions, making AR glasses more accessible to consumers [13]. - The optical display system accounts for about 40% of AR glasses' costs, and the "one-to-two" solution significantly reduces material costs by halving the number of optical engines required [13]. - Gudong Intelligent's innovations in material and production processes have drastically reduced costs, with the waveguide's price dropping to 10-30 USD, representing a 60%-90% decrease compared to imported solutions [13]. Group 5: Production Capacity - Both companies have established a robust capacity assurance system to support large-scale production, with Guangfeng Technology's production line ready for 500,000 units of LCoS AR optical engines [14]. - Gudong Intelligent has developed a complete supply chain for optical materials and modules, creating the world's first 200,000-piece PVG waveguide production line, reducing reliance on foreign suppliers [14].