Group 1 - The core viewpoint is that CICC has initiated a "Outperform Industry" rating for Conant Optical, with a target price of HKD 54, corresponding to an estimated P/E ratio of approximately 35 times for 2026 [1] - CICC believes that as a leading resin lens manufacturer, Conant Optical will achieve profit growth through its R&D capabilities and customer base by developing customized lenses, proprietary brands, and smart glasses business [1]

Core Viewpoint - CICC has initiated coverage on Conant Optical (02276) with an "outperform" rating and a target price of HKD 54, corresponding to a projected P/E ratio of approximately 35 times for 2026 [1] Group 1: Company Overview - Conant Optical is recognized as a leading global manufacturer of resin lenses, leveraging its R&D capabilities and stable customer base [1] - The company is expected to achieve continuous profit growth through the development of customized lenses, its own brand, and smart glasses business [1] Group 2: Financial Projections - CICC estimates that Conant Optical's earnings per share (EPS) will reach RMB 1.14 and RMB 1.42 for the years 2025 and 2026, respectively [1] - The average annual compound growth rate (CAGR) of EPS is projected to be 26% [1]

Core Viewpoint - CICC has initiated coverage on Conant Optical with an "Outperform" rating and a target price of HKD 54, corresponding to a projected P/E ratio of approximately 35 times for 2026 [1] Group 1: Company Overview - Conant Optical is recognized as a leading global manufacturer of resin lenses, leveraging its R&D capabilities and stable customer base [1] - The company is expected to achieve continuous profit growth through the development of customized lenses, its own brand, and smart glasses business [1] Group 2: Financial Projections - CICC estimates that Conant Optical's earnings per share will reach HKD 1.14 and HKD 1.42 for the years 2025 and 2026, respectively [1] - The average annual compound growth rate of earnings per share is projected to be 26% [1]