Core Insights - The report from Guotou Securities highlights the shift in focus from broad applications to specific use cases in smart glasses, driven by technological advancements and cost constraints [1] - The smart glasses industry is entering a robust growth phase in 2023, following previous stages of technology validation, commercial trials, and product diversification [1] - AI glasses are emerging as a significant market segment, with Meta's Ray-Ban Meta leading the charge and expected to capture 98.68% of global AI glasses sales in 2024 [2] Smart Glasses Development - The development of smart glasses has gone through four phases: pre-2012 (technology validation), 2012-2016 (commercial trials), 2017-2022 (product diversification), and 2023 (robust growth) [1] - Smart glasses can be categorized based on optical display systems, with AI shooting glasses focusing on photography and voice interaction, VR glasses providing immersive experiences, and AR glasses overlaying virtual information on the real world [1] AI Glasses Market - AI glasses are characterized by the integration of cameras, Bluetooth controls, and voice interaction, sacrificing optical display for lightweight and low-cost designs [2] - The core logic of AI shooting glasses is to achieve portability and practicality for all-day wear, targeting markets previously dominated by action cameras [2] AR Glasses Insights - AR glasses utilize micro-displays and optical modules to project virtual images onto real-world scenes, categorized into viewing glasses and full-domain glasses [3] - Viewing glasses are lightweight and designed for portable viewing, while full-domain glasses are used for outdoor navigation and industrial applications, albeit at a higher price point [3] VR Glasses Overview - Traditional VR glasses focus on providing an immersive experience, primarily for gaming and viewing, with a market that is relatively mature [4] - The expected sales for traditional VR glasses in Q2 2025 is 1.26 million units, reflecting a year-on-year growth of 6.7% [4] Industry Chain and Competitive Landscape - The upstream sector focuses on chips, optical modules, and screens, with Micro OLED expected to become a primary solution for XR devices by 2030 [5] - In the midstream, Thunderbird Innovation holds a 50% market share in AI/AR glasses online sales, while PICO dominates the domestic VR market [5] - The downstream sector is supported by offline channels, with Doctor Glasses establishing over 100 smart display cabinets [5] Key Companies to Watch - Companies to monitor include Luxshare Precision and GoerTek in manufacturing, Sunny Optical Technology and OFILM in optics, and various firms in storage and display technologies [7]

● 本报记者 罗京 在第四届全球数字贸易博览会上，一副重量不足50克、形态近乎普通眼镜的乐奇AI+AR眼镜，让佩戴 者眼前实时浮现信息窗口，引得观众惊叹；不远处，秋果计划科技有限公司的展台上，观众们排队体验 Wigain Omnision XR智能眼镜的实时翻译和购物功能。一批AI智能眼镜产品正悄然改变人机交互的边 界。 业内人士表示，随着ChatGPT-4o及豆包视觉模型的发布，多模态AI加速落地，语音、视频及图片等交 互方式有望刷新市场对于AI能力的认知。AI与AR眼镜产品具备透视能力，同时，设备搭载摄像头、麦 克风及扬声器等多种传感器，可实现素材实时获取，有望成为多模态AI终端的更优选择。 解锁多元场景体验 成立于2021年的秋果计划，今年是第三次参加数贸会。在本届数贸会上，秋果计划展出了旗下首款融合 人工智能能力的全彩碳化硅光波导XR眼镜。据介绍，该款眼镜将视场角由行业AI眼镜的30°提升到 50°，升级视野，实现大屏体验；自研的绿洲系统让眼镜摆脱了手机，成为独立智能终端；融入智能体 Wigain，整合购物、翻译、社交等多元功能。 此外，数字技术、VR技术带来的娱乐消费新场景同样受到观众欢迎。时空精灵 ...

● 本报记者 罗京 在第四届全球数字贸易博览会上，一副重量不足50克、形态近乎普通眼镜的乐奇AI+AR眼镜，让佩戴 者眼前实时浮现信息窗口，引得观众惊叹；不远处，秋果计划科技有限公司的展台上，观众们排队体验 Wigain Omnision XR智能眼镜的实时翻译和购物功能。一批AI智能眼镜产品正悄然改变人机交互的边 界。 业内人士表示，随着ChatGPT-4o及豆包视觉模型的发布，多模态AI加速落地，语音、视频及图片等交 互方式有望刷新市场对于AI能力的认知。AI与AR眼镜产品具备透视能力，同时，设备搭载摄像头、麦 克风及扬声器等多种传感器，可实现素材实时获取，有望成为多模态AI终端的更优选择。 解锁多元场景体验 成立于2021年的秋果计划，今年是第三次参加数贸会。在本届数贸会上，秋果计划展出了旗下首款融合 人工智能能力的全彩碳化硅光波导XR眼镜。据介绍，该款眼镜将视场角由行业AI眼镜的30°提升到 50°，升级视野，实现大屏体验；自研的绿洲系统让眼镜摆脱了手机，成为独立智能终端；融入智能体 Wigain，整合购物、翻译、社交等多元功能。 "Wigain Omnision XR眼镜能够将手机、电脑的功能与应用 ...

Group 1 - A new AI smart glasses developed by Nanning Maiyue Software Co., Ltd. gained significant attention at the 22nd China-ASEAN Expo, combining multiple functions such as teleprompter, navigation, and translation [1] - Agricultural Bank of China (ABC) played a crucial role in supporting Maiyue Technology's successful listing in Hong Kong, acting as a global coordinator and lead underwriter [1] - ABC Nanning Branch customized a "Technology e-loan" product for Maiyue Technology, providing 8.5 million yuan to support the purchase of equipment and raw materials [1] Group 2 - Nanning Chuxin Integrated Circuit Design Co., Ltd. received financial support from ABC, being the world's first company to design and mass-produce OLED high-speed cache chips [2] - ABC Nanning Branch provided 8 million yuan in credit to Chuxin, offering preferential loan rates to help the company overcome funding challenges [2] - Guangxi Nannan Aluminum Processing Co., Ltd. operates a 300-meter air cushion heat treatment production line, producing 200,000 tons of high-end aluminum alloy materials annually [2] Group 3 - ABC Nanning Branch developed a comprehensive financing solution for Nannan Aluminum, including short-term loans and leasing arrangements, addressing the company's need for raw materials and debt restructuring [3] - As of August, ABC Nanning Branch had issued over 230 million yuan in strategic emerging industry loans to Nannan Aluminum, enhancing the company's competitive edge in aerospace aluminum manufacturing [3] - ABC Nanning Branch has provided loans exceeding 2.2 billion yuan to 133 technology-driven enterprises, aiming to foster a positive cycle among technology, industry, and finance [3]

Group 1 - The company, Hongli Zhihui (300219.SZ), is an integrated enterprise specializing in the research, production, and sales of LED semiconductor packaging devices [1] - The main business areas include LED semiconductor packaging, Mini/Micro LED new displays, and automotive lighting [1] - The company is highly attentive to new technologies such as AI and is actively exploring collaboration opportunities in the AI sector [1] Group 2 - Mini LED products have already been applied in AI interactive terminal products such as VR glasses [1]

Core Viewpoint - The article highlights the increasing emphasis on science popularization in China, showcasing various initiatives aimed at engaging students and the public in scientific knowledge and innovation [6][7][12]. Group 1: Science Popularization Initiatives - The "Stars and Sea Await You" public science lecture series by the China Space Science Society aims to inspire young people's interest in space and technology, particularly in remote areas [7][8]. - Since its launch in November 2020, the initiative has organized over 400 science activities, engaging nearly a hundred professionals from the aerospace sector [8][11]. - The "Science Caravan" project in Inner Mongolia brings mobile science exhibits to remote schools, allowing students to experience scientific concepts hands-on [10][11]. Group 2: Impact on Students - Students participating in these activities express a strong desire to pursue careers in science, indicating a growing interest in scientific fields among the youth [10][11]. - The South China University "Spark" volunteer service team conducts engaging experiments in rural schools, making science accessible and relatable to students using everyday materials [12][13]. - The hands-on experiments not only captivate students but also plant the seeds of curiosity and interest in science, potentially influencing their future educational paths [14]. Group 3: Community Engagement - The science popularization efforts extend beyond students to include farmers and the elderly, broadening the reach and impact of scientific education [11]. - The initiatives have collectively reached over 600,000 individuals since their inception, demonstrating a significant community engagement in science education [11].

Group 1 - The article highlights the increasing emphasis on science popularization in China, with various organizations conducting engaging activities to bridge the gap between the public and science [6][7][8] - The "Starry Sea Awaits You" public science lecture series initiated by the China Space Science Society aims to inspire young people's dreams in aerospace and support the cultivation of future scientific talent [8][9] - Since its launch in November 2020, the lecture series has organized over 400 science popularization events, reaching a wide audience including students in remote areas [9][12] Group 2 - The "Science Popularization Caravan" in Inner Mongolia provides mobile science education, allowing students in remote areas to experience scientific instruments and technology without leaving their schools [10][11] - The caravan has conducted over 1,400 activities since its inception in 2017, benefiting more than 600,000 people, including students, farmers, and the elderly [12] - The South China University of Technology's "Spark Science Popularization Volunteer Service Team" conducts science demonstrations in rural areas, utilizing everyday materials to make science accessible and relatable to students [13][14][15]

鸿利智汇（300219.SZ）9月19日在投资者互动平台表示，公司子公司鸿利显示生产的Mini LED背光产 品已广泛应用于VR相关项目。 和国内外客户都有合作，如Meta、 varjo 、小派等。 每经AI快讯，有投资者在投资者互动平台提问：董秘公司产品在VR眼镜方面都有哪些方面的应用？ （文章来源：每日经济新闻） ...

Core Insights - The 138th Canton Fair will open on October 15, featuring a total exhibition area of approximately 1.55 million square meters, providing a comprehensive trade platform for global buyers [1] Group 1: Exhibition Scale and Structure - The exhibition scale is larger, with 74,500 booths and over 32,000 participating companies, marking an increase of over 1,000 companies compared to the previous session [1] - The product structure is optimized, with 55 exhibition areas categorized into 13 major product categories, focusing on advanced manufacturing, quality home products, and lifestyle enhancements [1][3] Group 2: Quality of Exhibitors - Over 31,000 export exhibitors have been rigorously evaluated, with more than 10,000 high-quality enterprises recognized for their technological advancements, accounting for 34% of total exhibitors [2] - The number of exhibitors in emerging industries, such as new energy vehicles and industrial automation, reached 4,134, with a notable increase in service robot companies [2] Group 3: Innovative Products and Services - A wide range of innovative products will be showcased, including humanoid robots, smart appliances, and VR devices, emphasizing design innovation and sustainability [3] - Enhanced services include pre-registration, travel discounts, and a new smart navigation system for exhibitors, improving the overall experience for buyers [3][4] Group 4: Supporting Activities and Digital Tools - A series of supporting activities, including themed forums and product launches, will facilitate efficient connections between suppliers and buyers [4] - The Canton Fair APP will serve as a practical tool for attendees, offering features such as exhibitor information, route planning, and real-time communication for trade matching [4]

Core Points - The newly revised "Law of Popularization of Science and Technology of the People's Republic of China" has established September as the first National Science Popularization Month, aiming to enhance the scientific literacy of the public and foster a strong scientific atmosphere in society [1] - The theme for this year's Science Popularization Month is "Enhancing National Scientific Literacy and Strengthening the Foundation for a Technological Power," with a focus on youth education as a key demographic for future scientific development [1] Group 1 - Various engaging science activities have been organized across the country, including lectures, exhibitions, and interactive experiences, to bring science closer to the public [1] - The China Science and Technology Museum is hosting a large-scale science education event called the "Scientific Method Training Camp," where youth collaborate on building a simulated extraterrestrial research station [3] - The "Brainwave Football Challenge" at the museum allows children to control a floating football using brainwave sensors, emphasizing concentration and engagement [6] Group 2 - In addition to museum activities, practical science education is being promoted through events like the low-altitude economy development conference in Wuhu, Anhui, where students can see advanced technology firsthand [8] - The Xiong'an Emergency Center is conducting simulated rescue experiences using VR technology, allowing participants to learn rescue skills in a realistic environment [10] - A couple in Anhui has transformed their "first aid stall" into a "science popularization night market," teaching life-saving skills to the public, demonstrating grassroots science education efforts [11] Group 3 - The Shanghai Oriental Geological Science Museum is engaging children through DIY activities, such as creating crystal planters, to spark interest in geology [14] - The museum's director, who took over the institution, has worked to enhance its educational offerings and community engagement over the past 12 years [18] - The China Association for Science and Technology is promoting direct interactions between scientists and the public to enhance understanding and support for scientific innovation [20] Group 4 - Data indicates that by 2024, the proportion of citizens with scientific literacy in China is expected to reach 15.37%, achieving a milestone ahead of schedule, yet still falling short of the goals for a technologically advanced nation [20] - The collective responsibility of society in promoting science is emphasized, with the aim of fostering a culture that values and respects science, ultimately driving innovation and supporting the construction of a technological power [20]