Jinwu Financial News | Connett Optics (02276) fluctuated and rose. As of press release, it rose 10.21% to HK$15.54, with a turnover of HK$16.8944 million.
Earlier, Guotai Junan reported that the company is a leading domestic lens company with core advantages such as product & channel advantages/technology research and development advantages/efficient C2M model. In 2019-23, revenue CAGR was 10.7%, net profit CAGR was 23.9%, gross margin increased from 33% to 37.4%, net margin increased from 10.5% to 18.4%, and H1 revenue/net profit increased by 17.5/31.6% respectively, and the core business indicators showed excellent performance. The bank said that AI smart glasses are the best hardware carrier for AI implementation. The industry has entered a period of rapid development. The company's cooperation is going well and will be the first to benefit. PE will only be 11 times higher in 2025.
The bank maintained the company's holdings increase rating. The bank maintained its forecast for 2024-26 net profit of 0.409/0.492/0.575 billion yuan, a growth rate of 25.2/20.2/ 17%.
