今年11月，夸克AI眼镜正式发布了S1、G1两个系列共六款单品，S1系列最低到手价为3799元，G1最低 到手价1899元起，这也是搭载千问的首款硬件。 来自立讯的内部人士透露，夸克的工作人员上个月就已经密集在盯出货，"他们在我们的工厂内新增了 一条组装产线。"至格科技创始人孟祥峰称："我们正加紧生产来自夸克AI眼镜的大笔光波导片订单，新 购买的设备都已投入使用。"夸克AI眼镜的一位内部人士也透露，团队目前最大的目标是明年1月能够充 分释放产能，赶上春节消费热潮。 夸克AI眼镜产业链港股： 瑞声科技(02018)：据行业消息人士透露，瑞声科技此前已与海外多家大模型及智能终端企业深度协 作，共同探索"AI+终端"的创新落地路径。除传统优势的声学、触觉器件外，公司还向AI手机、XR可穿 戴设备及全新形态智能硬件，输出光波导、高端散热系统等感知方案与核心产品，持续拓宽业务边界。 中邮证券发布研报称，瑞声科技(02018.HK)全资收购芬兰光波导企业Dispelix，加速AR技术商业化。同 时，公司以其核心硬件赋能"豆包AI手机"与夸克AI眼镜，在X轴线性马达、声学系统及创新拾音方案等 领域提供关键支持，推动AI交互 ...

Group 1: Future Development Trends - The company will focus on deep integration of optical core technologies and application scenarios, actively seizing market opportunities and continuing strategic layout in 2025 [2] - Key areas of focus include: - Security field: Despite a slowdown in traditional security market growth due to macro policies, there is still significant development space in the broader security sector. The company aims to strengthen its advantages in security lenses and expand into high-end overseas security markets and domestic consumer markets [3] - New display field: Early investments in AR/VR, aiming to build capabilities in key processes and equipment for AR optical machines and optical waveguide bonding [3] - Intelligent driving field: Continuous development in light perception and radar perception technologies, with a focus on high-end overseas markets for vehicle-mounted lenses [3] - Infrared lens field: Rapid growth in recent years, with a completed acquisition of Xi'an Weipu in 2024, establishing a research center in Xi'an to enhance technological reserves and market competitiveness [3] Group 2: Strategic Partnerships and Collaborations - The partnership with Yiwentech is based on strategic synergy and technological complementarity, with both companies' development directions highly aligned [4] - The company is actively expanding its market for AR products, establishing friendly partnerships with well-known domestic AR/VR companies such as Dapeng, Xiaopai, Liangliang Vision, and Nader [6] Group 3: Performance and Financial Outlook - In the first half of 2025, AR product shipments showed steady growth, with expectations for continued increases in the second half of the year as new technology solutions are mass-produced and market demand rises [7] - The company reported a loss in the first half of 2025 due to significant investments in independent R&D projects and business undertakings, impacting net profit. Management is implementing strategic adjustments to focus on core technology projects and optimize operational efficiency to improve profitability [8]

Group 1: Governance Structure Adjustment - The transition from the sixth to the seventh board of directors includes key personnel changes, with Li Xiayun appointed as the new chairman [7][8] - The management team aims to create a global, professional, and youthful leadership structure [9][10] Group 2: Key Leadership Focus Areas - Founder Lin Min emphasizes the importance of management team succession and talent development, supporting long-term strategic planning and global expansion [12] - New chairman Li Xiayun outlines the "15th Five-Year" strategic plan, focusing on establishing a dual-circulation operational system and becoming a leading global AR optical display solution provider [17][26] Group 3: Strategic Goals and Initiatives - The core objectives include building a resilient dual-circulation operational system and becoming a key strategic partner for major clients in optical components and modules [26][36] - The company plans to enhance its product matrix and transition from component solutions to display optical module solutions [32][33] Group 4: Support System Development - The organization aims to construct a management system based on "one crystal, two circulations, three platforms, four core assets, and five value levers" to support strategic implementation [38] - Emphasis on technology and market development to enhance collaborative capabilities and support strategic goals [39]

Business Overview - The company, established in 2002, initially focused on security monitoring and later expanded into the high-end camera market, maintaining a significant market share in Japan [2]. - Transitioned to smartphone business due to rapid smartphone development, entering the North American supply chain in 2012 and evolving into a strategic technology partner for major clients [2][3]. - The company has built six production bases, with significant investments in Vietnam, where a second phase is expected to commence production in the second half of 2023 [2]. Growth Strategies - The company has identified three growth curves: 1. Smartphone business as the first growth curve 2. Automotive electronics as the second growth curve 3. AR glasses as the third growth curve [3][5]. - The smartphone segment, particularly the IRCF infrared cutoff filter, remains a major revenue source, with a strong market presence in the Android client segment [4]. Automotive Electronics - The automotive electronics segment includes products like AR-HUD and laser radar window components, with a leading market share in the domestic AR-HUD market [5]. - Despite pricing pressures in the domestic market, the penetration rate of HUDs continues to rise, especially for AR-HUDs, indicating potential for improved profitability as overseas clients ramp up production [5]. AR Glasses Development - The AR glasses segment is still in the R&D phase, with significant potential due to high hardware costs [5][9]. - The company is focusing on developing core optical components for AR glasses, with ongoing collaborations with leading tech firms [9][10]. Future Outlook - The year 2025 is seen as a pivotal year for the company, marking a strategic transition and the opening of new development avenues [6]. - The company aims for a revenue growth target of 0% to 30% in 2025, indicating a focus on strategic adjustments over the next 1-2 years [11].