证券日报网1月9日讯 ，艾为电子在接受调研者提问时表示，公司高度重视AR/AI眼镜作为下一代人机交 互中心的发展潜力，并积极进行战略布局。在技术与产品层面，公司依托在高性能音频解决方案、完整 的Haptic触觉反馈解决方案、高性能数模混合芯片、电源管理及信号链等领域的长期积累，已构建起能 够全方位支持不同形态AR/AI设备的产品矩阵。其中，音频与触觉反馈方案致力于提升设备的沉浸式交 互体验，而数模混合芯片、电源管理等核心元器件则为设备实现轻量化、长续航和稳定运行提供了关键 支撑。市场拓展方面，公司也取得积极进展。2025年以来，多家厂商新发布的AR/AI设备均采用了公司 的芯片解决方案。随着市场认可度的持续提升，公司芯片产品在单台AI眼镜中的搭载种类和数量也呈 现稳步增长趋势。 （编辑 袁冠琳） ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [1] Core Views - The company offers a range of products that support various forms of AI devices, addressing customer demands in the AI product market. Key products include high-performance audio solutions, mature AI lighting products, comprehensive haptic feedback solutions, high-performance mixed-signal chips, power management, and signal chain IC products. Notably, the audio component of Xiaomi's latest AI smart glasses utilizes the company's high-performance DSP digital SmartK audio amplifier, which enhances sound quality significantly [4] - The company has launched a new piezoelectric micro-pump liquid cooling driver, which is expected to open new growth opportunities in industrial interconnection and consumer electronics. This product boasts a cooling efficiency that is over three times better than passive solutions and is anticipated to enter mass production in the fourth quarter of this year [5] Financial Projections - The projected revenues for the company are as follows: 3.54 billion yuan in 2025, 4.27 billion yuan in 2026, and 5.12 billion yuan in 2027. The net profit attributable to the parent company is expected to be 410 million yuan in 2025, 579 million yuan in 2026, and 748 million yuan in 2027, maintaining a "Buy" rating [6] - The company's revenue growth rates are projected at 15.88% for 2024, 20.77% for 2025, 20.53% for 2026, and 20.02% for 2027. The net profit growth rates are forecasted at 399.68% for 2024, 60.93% for 2025, 41.04% for 2026, and 29.34% for 2027 [8][10]

Group 1 - The company Shanghai Aiwai Electronic Technology Co., Ltd. has confirmed that its SmartK DSP digital audio amplifier chip is used in the AR smart glasses showcased by CCTV, enhancing audio quality and dynamic response through its proprietary algorithm [2] - Aiwai Electronic is one of the first domestic chip design companies to enter the AI smart glasses sector, providing comprehensive and high-quality chip solutions to leading global smart glasses manufacturers [2] - The company offers a wide range of products including high-performance audio solutions, haptic feedback solutions, and power management ICs, catering to various smart glasses and edge devices [2] Group 2 - The company's Q1 2025 report indicates a strategic focus on high-performance mixed-signal, power management, and signal chain products, resulting in a 7.82 percentage point increase in gross margin compared to the previous year, with a gross margin of 35.06% [3] - Aiwai Electronic's 2024 annual report highlights a commitment to innovation-driven high-quality development, projecting a 15.88% year-on-year increase in revenue for 2024 [3] - The company is enhancing its manufacturing capabilities and has completed the structural topping of its automotive-grade testing center, laying a solid foundation for expanding into the industrial and automotive markets [3]