Market Overview - The Hang Seng Index rose by 0.11%, gaining 28 points to close at 26,061 points, while the Hang Seng Tech Index fell by 0.53%. The early trading volume in Hong Kong stocks reached HKD 990 billion [1]. Oil Sector - Oil stocks saw an increase in early trading, with CNOOC (00883) up by 2.24%, PetroChina (00857) rising by 1.25%, and Sinopec (00386) increasing by 1.57%. This uptick follows OPEC+'s confirmation to pause production increases in Q1 of next year [1]. Automotive Sector - GAC Group (02238) surged by 7%, with Morgan Stanley citing three favorable factors that have driven the stock price, indicating that H-shares are currently undervalued [1]. Optical Sector - Conant Optical (02276) experienced a rise of over 10%, attributed to its exclusive supply of lenses for Quark AI glasses, with institutions optimistic about the profitability of eyewear companies [2]. Mining Sector - Zhenfeng Gold (01815) increased by over 7%, as the company plans to raise nearly HKD 400 million for exploration in two mines in Tibet [3]. Lithium Battery Sector - Longpan Technology (02465) rose by over 4%, with institutions optimistic about the profitability improvements across various segments of the lithium battery supply chain [4]. Machinery Sector - Zoomlion Heavy Industry (01157) saw a 1.64% increase, as the market size for mining equipment is gradually expanding, with institutions optimistic about the company's emerging businesses in mining machinery [5]. Gaming Sector - Gaming stocks experienced a general rise, with MGM China (02282) up by 1.5% following a 14.4% year-on-year increase in Macau's November gaming revenue. Hong Kong Travel (00308) rose by 2.78%, with Citigroup raising its target price due to recent physical distribution in the tourism sector [5]. Technology Sector - Kuaishou-W (01024) increased by over 1% after the official launch of its AI video O1 model [5]. Automotive Sector (Negative) - Xpeng Motors-W (09868) fell by 5.2%, with November new car deliveries decreasing by 12.58% month-on-month [6].

Core Viewpoint - 康耐特光学's stock has seen an increase of nearly 3%, currently trading at 50.5 HKD, driven by the recent launch of 阿里夸克 AI glasses, which utilize 康耐特光学's advanced optical integration technology [1] Group 1: Company Performance - 康耐特光学's optical integration technology allows for the combination of vision correction and display functions in lenses, achieving optical precision at the nanometer level with a light transmittance exceeding 98% [1] - The company is recognized as a leading domestic resin lens manufacturer, with a competitive edge in high refractive index 1.74 lenses and an innovative C2M service model [1] Group 2: Market Insights - 东方证券 indicates that the retail price of the glasses includes a 13% tax and profit margin, suggesting that 阿里 may not have a high markup on the lens business, which could enhance the profitability of lens manufacturers [1] - 中泰证券 emphasizes that the weight of smart glasses is a crucial factor influencing consumer decisions, highlighting the importance of companies capable of producing ultra-thin lenses and mastering integration technology within the industry [1]