"Science and Technology Board Daily" September 3rd news (Reporter Qiu Siyu) With Meta, Apple and other major manufacturers successively deploying AI glasses, A-share related concept stocks have also attracted high market attention.

"After deep processing, the company's glass wafers can be made into optical waveguide chips, used for imaging modules for AR head-mounted and other intelligent wearable devices." Xu Yunming, the director and general manager of Zhejiang Lante Optics, told "Science and Technology Board Daily" reporters at the 2024 semi-annual earnings conference.

AI glasses will realize the integration of perception, interaction modules with functions such as camera, audio, and the glasses form, and adopt AI big model technology to provide intelligent services for users.

Xu Yunming further stated, "Whether the 'imaging module' can be effectively applied and solve related cost, endurance experience and other issues, is the key to the next stage of AR head-mounted iteration for AI glasses. The company is actively conducting project pre-research and technical reserve work, and has carried out extensive cooperation with downstream suppliers in the supply chain." The financial report shows that the company's core multilayer waveguide chip processing technology R&D project for AR glasses is in the research and development stage.

It is reported that in the first half of this year, Zhejiang Lante Optics, including the glass wafer and other main products, all showed growth in revenue. Therefore, the company's performance also achieved growth, with revenue in the first half of the year reaching approximately 37.8 billion yuan, an 88.2% year-on-year increase; and a net income attributable to the parent of approximately 491.6 million yuan, a 122.23% year-on-year increase.

At the earnings conference, Zhejiang Lante Optics' other main product, micro-prisms, also attracted the attention of many investors. In recent years, with the continuous maturity of periscope lens technology, mobile phone manufacturers have begun to research and introduce new types of micro-prisms. Micro-prisms can enhance the optical zoom and imaging performance of intelligent terminal products.

As of the end of the reporting period, Zhejiang Lante Optics' micro-prism industrial base expansion project has cumulatively invested 13.7 billion yuan of funds raised, and the expansion project has reached the planned usable state and been put into use in July 2024.

Zhejiang Lante Optics Chairman and General Manager Xu Yunming also revealed at the earnings conference that the above-mentioned expansion projects and the original production lines of the 'Micro Prism Industrial Base Construction Project' are all currently operating at full capacity and delivering goods. 'This year, the supply chain is relatively more mature, and the production schedule and capacity ramp-up are ahead of last year. The company will reasonably arrange production capacity according to the downstream market and customer demand.'

However, it is important to note that compared to the end of 2023, in the first half of 2024, Zhejiang Lante Optics saw a significant increase in fixed asset investment and a large increase in the number of employees, which may have a certain impact on the profit level of the optical prism business due to the depreciation of equipment and the rise in employee compensation.

In other business areas, Zhejiang Lante Optics' glass non-spherical molded products were first trial-produced in small batches as early as 2014. Currently, the company is conducting pre-research and sample delivery work for cutting-edge applications in industries such as glass-plastic hybrid lenses.