国盛证券研报指出，水晶光电上半年稳健增长，公司产业结构持续优化，盈利能力稳步提升。聚焦光学 赛道，锚定消费电子、车载光学、AR/VR三大核心业务方向，产品矩阵从单一的元器件拓展至元器 件、模组及解决方案三者并存。消费电子领域，加深与产业龙头的合作，开发创新光学产品；在 AR/VR领域专注技术研发布局，现已形成波导片、3D模组、核心光学元器件、衍射晶圆及反射方片以 及其他智能头戴设备需要采用的2D、3D相关光学产品的业务布局，将携手行业领头羊，着力突破 AR/VR领域的光学难题，共同推动产业发展。维持"买入"评级。 ...

Group 1 - The core viewpoint of the report indicates that Crystal Optoelectronics has achieved steady growth in the first half of the year, with continuous optimization of its industrial structure and gradual improvement in profitability [1] - The company focuses on the optical sector, targeting three core business directions: consumer electronics, automotive optics, and AR/VR [1] - The product matrix has expanded from a single component to include components, modules, and solutions, indicating a diversified approach to product offerings [1] Group 2 - In the consumer electronics field, the company deepens collaboration with industry leaders to develop innovative optical products [1] - In the AR/VR sector, the company emphasizes technological research and development, having established a business layout that includes waveguide plates, 3D modules, core optical components, diffraction wafers, and reflective plates, as well as other 2D and 3D optical products required for smart head-mounted devices [1] - The company aims to collaborate with industry leaders to tackle optical challenges in the AR/VR field and promote industry development [1]