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Zhejiang Crystal-optech (002273.SZ): Currently, a preliminary NPI production line is under construction, and some basic processes have been basically established.
On January 14, Gelonghui reported that Zhejiang Crystal-optech (002273.SZ) stated during an investor relations event that the company has steadfastly invested in the development of reflective waveguide technology over the past decade, focusing on solving the mass production challenges of reflective waveguides. Currently, a preliminary NPI production line is being built, and some basic processes have been established, but certain specialized processes are still undergoing development. We believe that within a certain timeframe, we will be capable of achieving a higher level of mass production capacity, but specific production line plans and timelines cannot be disclosed for commercial reasons; future communications will occur at a suitable and permissible time.
Zhejiang Crystal-optech (002273.SZ): Most of the AI glasses currently launched do not yet incorporate displays and are not true AR glasses.
On January 14, Glonghui reported that Zhejiang Crystal-optech (002273.SZ) stated during an investor relations event that CES, as an important exhibition in the Consumer Electronics sector, is attended by the company every year to understand the latest trends in the Industry. At this CES, we observed the rapid iteration of AI, which has become an important force driving innovation and has seen the emergence of many new AI glasses. AI glasses are currently in a phase of certain early-stage explosion. However, most of the AI glasses released so far have not yet integrated display technologies and are not true AR glasses. Although some leading companies are attempting to combine AI functionality with AR.
Zhejiang Crystal-optech (002273.SZ): As of now, the company has not received any notification from customers regarding the sinking models for micro-prism products in application models for 2025.
On January 14, Gelonghui reported that Zhejiang Crystal-optech (002273.SZ) stated during an investor relations event that micro-prism products contributed strong performance in 2024. For 2025, the company has not yet received notifications about client models that will be phased out. If these models do not fade away, there will still be a layering effect of models in 2025, and the overall market demand will continue to grow. Micro-prism products are significant innovative offerings for clients, with many years of upgrade plans. The company will work according to client needs for product development. Additionally, the company has already achieved a structural transition from focusing on single large items to a diversified range of large items.
Zhejiang Crystal-optech (002273.SZ): The company focuses on the Holographic Technology in reflective waveguides and diffractive waveguides.
On January 14, Gelonghui reported that Zhejiang Crystal-optech (002273.SZ) expressed during an investor relations event that the company firmly believes that AR glasses are the best carrier for AI. By using cameras and sensing Components on the glasses to capture 2D and 3D environmental information, and analyzing the data through AI algorithms, the glasses present this information, achieving real-time interaction between the person, the glasses, and the environment. This truly embodies the idea of 'hearing what you hear, seeing what you see, and thinking what you think.' Currently, the company is involved in the display system (waveguide), optical mechanics Components, and sensing Components products used to collect environmental information in AR glasses. Among them, the waveguide represents a significant portion of the hardware costs in the glasses.
Could The Market Be Wrong About Zhejiang Crystal-Optech Co., Ltd (SZSE:002273) Given Its Attractive Financial Prospects?
Research Reports to capitalize on opportunities丨Caitong Securities: Zhejiang Crystal-optech's performance trend continues, maintaining a "Shareholding" rating.
Caitong's Research Reports indicate that Zhejiang Crystal-optech (002273.SZ) forecasts a net income of 1.0 to 1.12 billion yuan in 2024, a year-on-year increase of 66.60% to 86.59%. The institution estimates the company's fourth quarter 2024 net income to be between 1.38 to 0.258 billion yuan, with a year-on-year change of -15% to +59%. The fourth quarter's quarterly performance overall maintains the previous growth trend. The company closely follows the Consumer Electronics recovery and the upgrade opportunities brought by AI, achieving a transition from a single large product to a diversified product structure, guided by the operational policy of 'adjusting structure and optimizing layout, reducing expenditure to lower risks, and building endogenous competitiveness'.
Be Wary Of Zhejiang Crystal-Optech (SZSE:002273) And Its Returns On Capital
