On December 10, GTJA Research Reports pointed out that Kangguang Technology (001308.SZ) is a leader in display manufacturing, with "AI+" display applications being implemented, creating a second growth curve. The company's Asia Vets interactive display (IFPD) industry includes smart interactive panel businesses (Education + Meetings) and professional display product businesses; the downstream customers are leading education groups with stable demand. In the medium to long term, there is room for improvement in the penetration rates of global Education and Meeting IFPD, and the company remains the first in IFPD shipments, expected to follow the industry for further growth. Referencing comparable companies in the Industry and considering PE valuation and DCF valuation methods, along with the company’s rapid growth in innovative display businesses and its entrance into a diversified development phase for AI display applications, a target price of 32 yuan for 2025 is given, initiating coverage with a "Shareholding" rating.