Core Insights - Bern Optical has been recognized as one of the "Top 50 Chinese Technology Companies" by Fortune magazine, highlighting its strong market performance and technological innovation in the smart device industry [1] Group 1: Technological Innovations - Since its establishment in 1989, Bern Optical has led the industry with multiple global firsts, including the first smartphone glass cover, the first 3D glass cover for smartphones, and the first variable thickness glass (VTG) for foldable phones, showcasing its commitment to technological advancement [3] - The company has developed the world's first SGS five-star scratch-resistant coating technology, "Witch's Cloak," enhancing screen protection and touch experience for devices like the Honor foldable flagship Magic V5 [3] Group 2: Research and Development - Bern Optical invests over 1 billion yuan annually in R&D, with a patent share of 30%, and has established a comprehensive innovation ecosystem through collaboration with universities and industry partners [5] - The company has formed joint laboratories with institutions like Hong Kong Polytechnic University to focus on advanced manufacturing and new material development, driving breakthroughs in microcrystalline glass and hard coating technologies [5] Group 3: Market Expansion and Applications - With an annual production capacity of 2.2 billion units and nine advanced manufacturing bases globally, Bern Optical's products are widely used in smartphones and wearables, while also venturing into the AR/VR/MR headset market [7] - The company has introduced innovative products in the smart automotive sector, such as large-sized 3D curved glass and sapphire AR-HUD covers, enhancing the interactive experience in smart cockpits and receiving positive market feedback [9]

Core Viewpoint - Bern Optical has transformed from a small manufacturer of mechanical watch glass to a global leader in the smart device exterior structure industry, marking a "glass revolution" in Chinese manufacturing over 36 years [1][10]. Group 1: Industry Leadership - Founded in 1989, Bern Optical initially focused on mechanical watch glass but has evolved into a giant in the smart device exterior structure sector [6]. - The turning point came in 2001 when Bern Optical became the first company to mass-produce mobile phone glass covers, securing major orders from brands like TCL and Motorola, earning the title "Father of Mobile Phone Glass" [8]. - By 2016, Bern Optical held over 60% of the global market share in mobile phone glass, establishing itself as the "King of Mobile Glass" and leading the industry with multiple global firsts in technology [9]. Group 2: Technological Advancement - As the consumer electronics market slows, Bern Optical is expanding into AR/VR devices and smart cars, initiating a new materials revolution [12]. - The company became the exclusive supplier of the glass front cover for Apple's Vision Pro, utilizing advanced technologies to achieve unprecedented curvature limits [14]. - In the smart automotive sector, Bern Optical's 1.2-meter large 3D curved glass is integrated into flagship models, enhancing user interaction through touch feedback and gesture recognition [14]. Group 3: Innovation Ecosystem - Bern Optical's technological advancements are supported by a robust innovation network, collaborating with universities for research and development [15]. - The partnership with Hong Kong City University focuses on advanced manufacturing and new materials, creating a closed-loop system for research and industrial application [17]. - The company has established joint laboratories with top smartphone brands, fostering a complete technological ecosystem from material research to end-user applications [18]. Group 4: Green Manufacturing - Bern Optical's commitment to ESG practices has positioned it as an industry benchmark, winning awards for innovation and green products [19]. - The company has implemented a 24.8 MW solar project, generating 39 million kWh and reducing CO2 emissions by 18,000 tons, alongside a water recycling system saving 6 million tons annually [21]. - With over 1 billion yuan invested annually in R&D, Bern Optical is enhancing its green manufacturing capabilities, with three industrial parks recognized as national green factories [21].

Market Performance - The Shanghai Composite Index rose by 0.37% to 3516.83 points, while the Shenzhen Component increased by 1.43% and the ChiNext Index gained 1.76%[1] - The Hong Kong Hang Seng Index fell by 0.08% to 24498.95 points, with the Hang Seng Tech Index up by 0.56% and the Hang Seng China Enterprises Index down by 0.09%[1] Legislative Developments - The U.S. Congress passed a stablecoin bill, paving the way for broader use of this technology in finance[9] - The U.S. Department of Commerce proposed a 93.5% anti-dumping tariff on Chinese graphite, a key material for batteries, which is expected to impact the electric vehicle supply chain[9][13] Economic Indicators - U.S. retail sales rebounded in June, increasing by 0.6%, surpassing economists' expectations, with auto sales being a significant contributor to this growth[13] - In June, China's exports grew by 5.8% year-on-year, while imports increased by 1.1%, resulting in a trade surplus of $114.77 billion[18]

Group 1 - The core point of the article is that Bern Optical is considering restarting its IPO plans in Hong Kong, with preliminary discussions with advisors underway [1] - The company may seek to submit documents to the Hong Kong Stock Exchange as early as this year, following two previous failed IPO attempts [1] - Bern Optical is a leading provider in the smart device appearance structure and module solutions market, holding a 17.6% market share as of 2020 [1] Group 2 - Financially, Bern Optical reported revenues of approximately HKD 31.622 billion, HKD 27.463 billion, HKD 29.913 billion, and HKD 15.016 billion for the years ending March 31 in 2019, 2020, 2021, and for the six months ending September 30, 2021, respectively [2] - The gross profits for the same periods were HKD 7.016 billion, HKD 6.863 billion, HKD 8.126 billion, and HKD 4.115 billion [2]