Core Viewpoint - 招银国际 raised the target price for 瑞声科技 from HKD 58.78 to HKD 63.54, maintaining a "Buy" rating, reflecting strong growth in optical and precision components business [1] Group 1: Financial Performance - 瑞声科技's revenue and net profit are expected to grow by 24% and 66% year-on-year for the first half of the year, driven by upgrades in acoustic and haptic products, increased orders for thermal products, and improved profitability in optical business [1] - The earnings per share forecast for 瑞声科技 for 2025 to 2027 has been increased by 8% to 12% [1] Group 2: Market Opportunities - 瑞声科技 is well-positioned to capitalize on new opportunities in AI smartphones, AI glasses, automotive acoustics, optical products, and robotics due to its technological advantages across multiple product lines [1] - The global and Chinese smart glasses markets are expected to grow by 43% and 121% year-on-year, respectively, with 瑞声科技 benefiting from this demand surge [2] Group 3: Product Development - In the AI glasses sector, 瑞声科技 has achieved a collaborative design of sound, light, and touch, successfully shipping products to notable domestic clients [2] - 瑞声科技 showcased its micro-motor product matrix at CES 2025, which includes high-performance rotary motors and innovative composite drive modules, applicable in robotic dexterous hands [2] - The automotive acoustic sector is evolving, with 瑞声科技 enhancing its physical AI ecosystem through acquisitions, expanding its product applications across traditional and new automotive brands [2]