Group 1 - The core viewpoint of the news is that Ruijun Asset has conducted research on a listed company, specifically focusing on Huanxu Electronics, which has made progress in various fields such as SiP modules, AI glasses, servers, and optical modules [1] - Huanxu Electronics has new applications for SiP modules in mobile phones and AI glasses, with the L10 server JDM project already delivered, and a 1.6T optical module currently in the research phase [1] - The company anticipates mass production of 800V DC power supply by 2028, with significant revenue growth expected from smart glasses, while industrial products are experiencing slow inventory turnover and intense competition in the automotive electronics sector [1] Group 2 - Huanxu Electronics aims to accelerate its growth in the I-card segment to capture a 30% market share and is also looking to expand its mainboard business in the future [1]

Group 1 - The core viewpoint of the news is that Yu Bing Investment has conducted research on a listed company, Huanxu Electronics, which has made significant progress in various fields such as SiP modules, AI glasses, servers, and optical modules [1] - Huanxu Electronics has new applications for SiP modules in mobile phones and AI glasses, with the L10 server JDM project already delivered [1] - The company is developing a 1.6T optical module as a research product, and the 800V DC power supply is expected to be mass-produced by 2028 [1] Group 2 - Among the five major business segments, the revenue from smart glasses is expected to increase significantly, while the industrial products are experiencing slow inventory reduction, and competition in the automotive electronics sector is intense [1] - Huanxu Electronics aims to accelerate the growth of its I-accelerator card to capture a 30% market share and plans to expand its mainboard business in the future [1]