Group 1: Financial Performance - In the first three quarters of 2025, the company achieved a revenue of 1.08 billion yuan, representing a year-on-year growth of 18.05% [2] - The net profit attributable to shareholders was approximately 87.83 million yuan, with a year-on-year increase of 5.21% [2] - For Q3 2025, the company reported a revenue of approximately 394 million yuan, showing a year-on-year growth of 25.39% [2] - The net profit for Q3 2025 was about 31.80 million yuan, reflecting a year-on-year increase of 2.24% [2] Group 2: Product Sales and Market Share - The sales volume of functional lenses increased by 20.55% year-on-year, accounting for 39.49% of total lens sales [3] - Sales of adult progressive lenses grew by 37.69% year-on-year [3] - Sales of defocus lenses increased by 13.95% year-on-year [3] - Sales of fatigue-relief lenses rose by 23.12% year-on-year [3] Group 3: Strategic Partnerships and Innovations - The company has partnered with leading smart glasses brands including Starry Meizu, Thunder Innovation, XREAL, and others [3] - Over 150 retail stores have been upgraded to include smart glasses display cabinets, creating an immersive shopping experience to enhance customer conversion rates [3]

Core Viewpoint - The company anticipates growth driven by the increasing vision problems among the elderly and youth populations, as well as the expanding optical market [1] Group 1: Market Trends - The aging population in China is leading to a rise in vision health issues among middle-aged and elderly individuals, with their needs for health and lifestyle increasing [1] - The overall myopia rate among children and adolescents in China reached 52.7% in 2023, with specific rates of 35.6% for elementary school students, 71.1% for middle school students, and 80.5% for high school students [1] - The government has included myopia prevention and control in its performance assessment, which is expected to boost demand for vision correction products [1] Group 2: Financial Performance - In 2024, the company's revenue is projected to be approximately 1.203 billion yuan, reflecting a year-on-year increase of 2.29% [1] - The net profit attributable to shareholders is expected to be around 104 million yuan, representing a year-on-year decrease of 19.08% [1] Group 3: Brand Development - The company is cultivating its own brands, with a total of 13 self-owned frame brands and 4 self-owned lens brands as of now [2] - In 2024, self-owned lens sales accounted for 58.65% of total lens sales, while self-owned frame sales made up 65.40% of total frame sales [2] Group 4: Product Performance - Functional lens sales constituted 35.32% of total lens sales in 2024, showing a year-on-year growth of 33.87% [2] - Sales of progressive lenses for adults increased by 7.28%, while sales of defocus lenses grew by 19.05%, and fatigue-relief lenses surged by 66.72% [2]