国泰海通证券：维持康耐特光学(02276)“增持”评级 2025业绩预增30% 智能眼镜景气持续

智通财经01-21

智通财经APP获悉，国泰海通证券发布研报称，维持康耐特光学(02276)“增持”评级，公司为全球镜片龙头企业，SKU丰富+性价比突出+产品结构优化+C2M模式高效，推动盈利能力不断增强、市场份额稳步提升;且贴合式或为智能眼镜近视解决方案的最优解，公司未来望进一步突破国内外智能眼镜领域的重要客户，发展有望更上层楼。国泰海通证券主要观点如下：公司发布正面盈利预告，预期2025年股东应占净利将较2024...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

我们需要你的真知灼见来填补这片空白

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/2605039121?lang=zh_CN&edition=full","thumbnail":"","is_english":false,"pubTime":"2026-01-21 11:07","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2605039121","market":"us","top_or_hot":-1,"title":"国泰海通证券：维持康耐特光学(02276)“增持”评级 2025业绩预增30% 智能眼镜景气持续","media":"智通财经","content":"<div>\n<p>智通财经APP获悉，国泰海通证券发布研报称，维持康耐特光学(02276)“增持”评级，公司为全球镜片龙头企业，SKU丰富+性价比突出+产品结构优化+C2M模式高效，推动盈利能力不断增强、市场份额稳步提升;且贴合式或为智能眼镜近视解决方案的最优解，公司未来望进一步突破国内外智能眼镜领域的重要客户，发展有望更上层楼。国泰海通证券主要观点如下：公司发布正面盈利预告，预期2025年股东应占净利将较2024...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/1395467.html\">网页链接</a>\n\n</div>\n","source":"stock_zhitongcaijing","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>国泰海通证券：维持康耐特光学(02276)“增持”评级 2025业绩预增30% 智能眼镜景气持续</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n国泰海通证券：维持康耐特光学(02276)“增持”评级 2025业绩预增30% 智能眼镜景气持续\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-01-21 11:07 北京时间&nbsp;&nbsp;&nbsp;<a href=http://www.zhitongcaijing.com/content/detail/1395467.html><strong>智通财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>智通财经APP获悉，国泰海通证券发布研报称，维持康耐特光学(02276)“增持”评级，公司为全球镜片龙头企业，SKU丰富+性价比突出+产品结构优化+C2M模式高效，推动盈利能力不断增强、市场份额稳步提升;且贴合式或为智能眼镜近视解决方案的最优解，公司未来望进一步突破国内外智能眼镜领域的重要客户，发展有望更上层楼。国泰海通证券主要观点如下：公司发布正面盈利预告，预期2025年股东应占净利将较2024...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/1395467.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"02276","symbol_name":"康耐特光学","start_time":0,"source_url":"http://www.zhitongcaijing.com/content/detail/1395467.html","article_id":"2605039121","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2605039121","pubTimestamp":1768964874,"columns":[],"sourceInfo":{"source_id":"stock_zhitongcaijing","name":"智通财经网"},"weMediaInfo":null,"summary":"近期公司智能眼镜业务迎来催化：1)12月30日，2026年国补政策发布，数码产品购新补贴拓展智能眼镜和智能家居产品品类。公司目前持续拓展XR业务，智能眼镜布局加速。风险提示定制镜片、自有品牌推进不及预期，智能眼镜镜片业务发展不及预期，行业竞争加剧等","collect":0,"end_time":0,"defaultTopTitle":"zhitongcaijing.com","property":["rate"],"viewcount":null,"language":"zh","relate_stocks":{"161027":"证券","02276":"康耐特光学","02611":"国泰海通"},"translate_title":"Cathay Haitong Securities: Maintain the \"overweight\" rating of Connet Optics (02276), 2025 performance is expected to increase by 30%, and the smart glasses boom continues","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"161027":1.5,"02276":1.5,"02611":1.5},"content_text":"智通财经APP获悉，国泰海通证券发布研报称，维持康耐特光学(02276)“增持”评级，公司为全球镜片龙头企业，SKU丰富+性价比突出+产品结构优化+C2M模式高效，推动盈利能力不断增强、市场份额稳步提升;且贴合式或为智能眼镜近视解决方案的最优解，公司未来望进一步突破国内外智能眼镜领域的重要客户，发展有望更上层楼。国泰海通证券主要观点如下：公司发布正面盈利预告，预期2025年股东应占净利将较2024年增加不少于30%1)2025年净利高增主要因：①1.74折射率镜片及其他多功能产品销量增加;②本公司的规模化效应持续放大及机械自动化水平提高;③本公司积极优化融资结构，提高资金收益及降低融资成本2)经过测算，按年度看，2025实现股东应占净利不低于5.57亿元/同比增长不低于30%;按半年度看，25Q4实现股东应占净利不低于2.83亿元/同比增长不低于29.3%。超额完成激励目标，智能眼镜布局加速公司24H2/25H1归母净利润分别实现增速+30.3%/+30.7%，25H2增速不低于29.3%，单H利润增速稳健；同时根据2024年股权激励，2025年度目标为公司归母净利润(剔除股份激励费用后)同比增长不低于21%，超额完成利润目标。近期公司智能眼镜业务迎来催化：1)12月30日，2026年国补政策发布，数码产品购新补贴拓展智能眼镜和智能家居产品品类。2)Meta Platforms和依视路陆逊梯卡正在商讨2026年底前将AI眼镜的产能提升至2000万副以上。3)公司成为阿里夸克AI眼镜的独家镜片供应商。公司目前持续拓展XR业务，智能眼镜布局加速。风险提示定制镜片、自有品牌推进不及预期，智能眼镜镜片业务发展不及预期，行业竞争加剧等","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2605039121","isCrawlerRequest":true}