一条新的产业主线异军突起，吸引了众多投资者的目光。由支付宝推出的"碰一下"功能，正悄然引爆沉 寂已久的NFC（近场通信）产业链，相关概念股在二级市场掀起波澜。 当日，"碰一下"概念股表现抢眼。作为产业链核心供应商之一，消费电子巨头蓝思科技（300433） （300433.SZ）A股股价强势上扬涨幅达 10%。与此同时，作为NFC芯片关键企业的复旦微电 （688385.SH）和3D视觉龙头奥比中光（688322.SH）亦受到市场高度关注，股价呈现积极走势。 蓝思科技无疑是本轮行情中最受瞩目的焦点。作为全球领先的消费电子供应商，其业务早已从手机制造 延伸至更广阔的领域。 市场对其追捧，源于其精准踩中了AI与"碰一下"两大风口。一方面，蓝思科技近期在CES 2026上展示 的创新产品引发市场热议。公司展出的航天级超薄柔性玻璃（UTG）光伏封装技术，可用于低轨卫星 太阳翼，显示了其在新材料领域的深厚技术积累。另一方面，公司与AR眼镜独角兽Rokid的深度合作， 使其在AI硬件终端领域占据了有利位置。 而支付宝"碰一下"功能的普及，则为蓝思科技的传统优势业务——精密制造开辟了新的增量市场。"'碰 一下'功能依赖于内置N ...

Investment Rating - The report maintains a "Buy" rating for Lens Technology (300433.SZ) [5][6] Core Viewpoints - Lens Technology is focusing on continuous innovation in traditional consumer electronics while expanding its capacity in emerging fields such as robotics and server liquid cooling. The company has also made significant technological advancements in the commercial aerospace sector [6] - The introduction of commercial-grade ultra-thin glass (UTG) photovoltaic packaging solutions addresses the industry's need for materials that balance strength and flexibility, particularly for low-orbit satellite solar wings [6] - The company is building a highly vertically integrated core manufacturing platform for embodied intelligent hardware, showcasing advancements in humanoid robots and liquid metal precision components [6] - Lens Technology's full-stack liquid cooling solutions are expected to significantly reduce AI computing costs by over 30% [6] - The company is innovating in consumer electronics with new manufacturing processes for 3D curved glass and next-generation cooling technologies, aiming for ultra-thin products and stable AI algorithm performance [6] Financial Data and Profit Forecast - Projected revenue for 2023 is 54.49 billion CNY, with a year-on-year growth rate of 16.7%. By 2027, revenue is expected to reach 134.90 billion CNY, with a growth rate of 19.6% [4] - The net profit for 2023 is forecasted at 3.02 billion CNY, increasing to 7.93 billion CNY by 2027, reflecting a growth rate of 18.3% [4] - Earnings per share (EPS) is expected to grow from 0.57 CNY in 2023 to 1.59 CNY in 2027 [4] - The company's return on equity (ROE) is projected to improve from 6.5% in 2023 to 11.5% in 2027 [4] - The price-to-earnings (P/E) ratio is expected to decrease from 55.9 in 2023 to 21.3 in 2027, indicating a more attractive valuation over time [4]

Group 1 - The consumer electronics sector rose by 1.73% on January 12, with Yunzhong Technology leading the gains [1] - The Shanghai Composite Index closed at 4165.29, up 1.09%, while the Shenzhen Component Index closed at 14366.91, up 1.75% [1] - Notable gainers in the consumer electronics sector included Yunzhong Technology, which increased by 16.44% to a closing price of 36.05, and Tonglian Precision, which rose by 12.19% to 58.00 [1] Group 2 - The consumer electronics sector experienced a net outflow of 645 million yuan from institutional investors and 724 million yuan from retail investors, while individual investors saw a net inflow of 1.369 billion yuan [2] - The trading volume for notable stocks included 1.947 million shares for XW Communication, with a transaction value of 17.231 billion yuan [1] - The stock performance of Linyi Intelligent showed a net inflow of 164.2 million yuan from institutional investors, while it faced a net outflow of 751 million yuan from retail investors [3]

Group 1 - The core theme of the article is that Lens Technology is showcasing its comprehensive AI hardware ecosystem at CES 2026, emphasizing its innovations in traditional consumer electronics and emerging fields like robotics and commercial aerospace [1] - Lens Technology has introduced a commercial-grade flexible glass (UTG) photovoltaic packaging solution, addressing the industry's challenge of balancing "strength" and "flexibility" in low Earth orbit satellite solar wings, with a thickness of only 30μm-50μm and a bending radius as low as R1.5mm [1] - The company is building a highly vertically integrated core manufacturing platform for embodied intelligent hardware, showcasing humanoid robots and key transmission components, achieving breakthroughs in force control precision and industrial durability [1] Group 2 - Lens Technology has launched a full-stack liquid cooling solution, with the TGV glass substrate being a key material that supports the continuation of Moore's Law, potentially reducing AI computing costs by over 30% [2] - The company continues to innovate in the consumer electronics sector, introducing atomic-level manufacturing processes for 3D curved glass and new generation VC cooling technology, achieving ultra-thin products while ensuring stable AI algorithm performance [2] - The company is advancing towards a new era of interaction, with next-generation AI/AR glasses seamlessly integrating digital information with the real world, and smart rings serving as a portable hub for body data and intent perception [2] Group 3 - The investment recommendation maintains a "buy" rating and profit forecast, with expectations for net profits of 5.42 billion, 6.71 billion, and 7.93 billion yuan for 2025-2027, corresponding to P/E ratios of 31.1, 25.2, and 21.3 times [2]

Core Viewpoint - The A-share market experienced a significant surge on January 12, 2026, driven by the NFC (Near Field Communication) industry chain, particularly highlighted by Alipay's "Tap" feature, which has transformed a dormant mobile function into a vital connection between the physical and digital worlds, reshaping the value of the entire NFC industry chain [1] Group 1: Company Performance - Lens Technology (300433.SZ) saw its stock price rise by 10% to 42.66 yuan, with a trading volume of 12 billion yuan, indicating high market activity [2] - Lens Technology is a key supplier for Alipay's "Tap" feature, with its stock increasing by 147% since the feature's announcement on July 8, 2024 [2] - The expansion of the "Tap" feature into various high-frequency applications has opened a "second growth curve" for Lens Technology beyond consumer electronics [3] Group 2: Chip Industry Insights - Fudan Microelectronics (688385.SH) is positioned as a leading domestic chip design company, providing essential NFC and security chips for the "Tap" feature, which contributed to its stock price increasing by 9.84% to 98 yuan [4] - Since the announcement of Alipay's "Tap," Fudan Microelectronics has seen its stock rise by over 220%, highlighting the critical role of NFC chips in the user experience [5] - Institutional investors are actively investing in Fudan Microelectronics, reflecting confidence in the company's value within the NFC ecosystem amid a focus on technological self-sufficiency and supply chain security [5] Group 3: 3D Vision Technology - Orbbec (688322.SH) represents the 3D vision sector, with its long-term stock performance reflecting market optimism about future interaction methods [6] - The "Tap" feature signifies a near-field interaction solution, while 3D vision technology is seen as central to spatial interaction, suggesting a convergence of various interaction modalities in future smart devices [6] - The market is positioning companies like Orbbec as integral to the upcoming AI hardware ecosystem, with applications in robotics, the metaverse, and AIoT [7]

Core Viewpoint - The brain-computer interface (BCI) sector is experiencing significant stock price increases, driven by strong market interest and recent developments in the industry [1] Group 1: Stock Performance - Micron Brain Science (02172) rose by 8.15%, reaching HKD 13.53 [1] - Nanjing Panda Electronics (00553) increased by 7.38%, trading at HKD 6.26 [1] - Lens Technology (06613) saw a rise of 5.07%, priced at HKD 30.26 [1] Group 2: Market Developments - Strong Brain Technology has confidentially submitted an IPO application in Hong Kong after securing approximately CNY 2 billion in funding, marking the second-largest financing record in the BCI field globally, after Neuralink [1] - Elon Musk announced plans to commence large-scale production of BCI devices in 2026, alongside the development of fully automated surgical solutions, expressing confidence in aiding paralysis patients to regain full functionality [1] Group 3: Market Size and Growth Projections - According to Precedence Research, the global BCI market is projected to reach USD 2.62 billion in 2024, increasing to USD 2.94 billion by 2025, and potentially growing to USD 12.4 billion by 2034, with a compound annual growth rate (CAGR) of 17.35% over the next decade [1] - The Chinese BCI market is expected to reach CNY 3.2 billion in 2024, with projections of CNY 6.14 billion by 2028 [1] - The Central Committee of the Communist Party of China emphasizes the development of future industries, including BCI, as new economic growth points, aiming to create a new high-tech industry in China over the next decade [1]

Core Viewpoint - The A-share market has seen a strong performance in brain-computer interface concept stocks, with several companies approaching or hitting their daily price limits [1] Group 1: Stock Performance - Entropy Technology (熵基科技) approached a 20% daily limit increase, with a rise of 19.40% and a market capitalization of 11.7 billion [2] - Dao's Technology (道氏技术) increased by 13.91%, reaching a market cap of 25.9 billion [2] - Yingkang Life (盈康生命) rose by 13.01%, with a market cap of 10 billion [2] - Tom Cat (汤姆猫) saw a 10.19% increase, with a market cap of 20.9 billion [2] - Rock Mountain Technology (岩山科技) hit a 10% daily limit increase, with a market cap of 64.6 billion [2] - Three Seven Entertainment (三七互娱) approached a 10% daily limit increase, with a rise of 9.97% and a market cap of 66.4 billion [2] - Other notable performers include Aipeng Medical (爱朋医疗) at 9.99%, Lens Technology (蓝思科技) at 9.80%, and Nanjing Panda (南京熊猫) at 9.33% [2] Group 2: Year-to-Date Performance - Entropy Technology has a year-to-date increase of 50.11% [2] - Dao's Technology has risen 47.49% year-to-date [2] - Yingkang Life has a year-to-date increase of 35.43% [2] - Tom Cat has increased by 29.63% year-to-date [2] - Rock Mountain Technology has a significant year-to-date increase of 60.65% [2] - Aipeng Medical has a year-to-date increase of 54.31% [2] - Nanjing Panda has a remarkable year-to-date increase of 63.01% [2] - Other companies like Innovation Medical (创新医疗) and Keda Xunfei (科大讯飞) have year-to-date increases of 74.01% and 19.29%, respectively [2]

Core Viewpoint - Lens Technology (300433)(06613) has seen a significant stock increase, attributed to its innovative presentation at CES 2026, showcasing a comprehensive AI hardware ecosystem focused on aerospace and intelligent applications [1] Group 1: Stock Performance - Lens Technology's stock rose over 6% in early trading, currently up 4.24% at HKD 30.16, with a trading volume of HKD 211 million [1] Group 2: Product Innovation - The company presented its ultra-thin flexible glass (UTG) photovoltaic packaging, which has become a focal point in the low Earth orbit satellite internet sector [1] - The UTG glass has a thickness ranging from 30μm to 50μm and can bend to a radius of 1.5mm, addressing the evolution needs of flexible solar wings in low Earth orbit satellites [1] - The UTG was developed in collaboration with glass substrate manufacturers, featuring special glass formulations and surface treatments to enhance resistance to atomic oxygen erosion and UV aging [1] Group 3: Technological Advancements - Lens Technology demonstrated its chemical strengthening and nano-coating technologies for foldable screens, showcasing their adaptability to aerospace environments, particularly for rocket launch vibrations and long-term reliability in space [1]

Summary of Key Points from the Conference Call Industry Overview: Edge AI Market - **Increased Attention on Edge AI**: Since Apple introduced the Apple Intelligence project in 2024, the market's focus on edge AI has been rising, with advancements in large models and computing power laying the groundwork for AI applications by 2026 [1][2]. - **Maturity of AI Hardware**: Edge AI hardware forms, such as AI glasses and toys, have matured, with wearable devices increasingly capturing consumer interest. At CES 2026, AI interaction features became standard in consumer electronics and home products [1][2]. - **Policy Support**: National subsidy policies now include wearable devices like smartwatches, expected to drive growth by approximately 20% year-on-year. The inclusion of Rokid glasses in a procurement project for the disabled indicates demand stimulation through targeted promotions [1][4]. Key Drivers of Investment Opportunities - **Computing Power Upgrades**: The maturity of technology and models, alongside a competitive arms race in computing facilities, is making conditions for AI application deployment more favorable by 2026 [2]. - **Hardware Iteration**: The current maturity of edge AI hardware, particularly in wearables, is seen as a catalyst for growth. Despite skepticism about blockbuster products in 2025, devices like Rokid AI glasses are gaining traction among consumers [2]. - **Resilience of Edge AI**: In the face of rising storage costs, wearable devices are less affected compared to traditional consumer electronics, which are more vulnerable to cyclical fluctuations. The edge AI market remains in a high-growth phase with significant supply chain premium potential [1][4]. Product Launch and Shipment Forecasts - **AI Glasses Shipment Projections**: Meta anticipates shipping between 20 to 25 million units of AI glasses by 2027, while other brands like Thunder and Roku expect shipments of 300,000 to 500,000 units. Total shipments across all brands are projected to approach 3 million units by 2027, representing significant growth compared to 2025 [3][7]. - **Product Release Schedule**: Meta plans to launch three new products in 2026 and a new brand of AI glasses in 2027. Samsung and Huawei are expected to release new products by the end of Q1 or early Q2 2026, while Xiaomi may iterate its first-generation product this year [5][6]. Investment Recommendations - **Top Investment Picks**: GoerTek is highlighted as a leading company in the AI glasses market, expected to benefit significantly from market growth. Other recommended companies include Luxshare Precision, Lianyi Manufacturing, Lens Technology, Yutong Optical, Changying Precision, and Longqi Technology, all of which have promising market prospects [8]. SOC Sector Insights - **Investment Value of SOC Sector**: The SOC sector is viewed as having high potential due to the anticipated shift from cloud to edge computing over the next two to three years. SOC components represent the highest cost proportion in edge devices, with Chinese A-share SOC companies showing strong market share potential [9]. - **Volume-Price Dynamics**: The SOC sector is driven by new product cycles and flagship product releases, which are expected to enhance average selling prices (ASP). For instance, AI-enabled chips are projected to increase in price from $2 to $4 [10][11]. - **Inventory Adjustments**: Following a chip shortage in late 2021, inventory levels have normalized by early 2024, positively impacting earnings per share (EPS) for companies like Rockchip and Hengxuan, which saw stock prices rise by 30-40% during high inventory periods [12]. Future Outlook for SOC Industry - **Growth Projections**: The period from 2026 to 2027 is expected to see rapid growth in flagship products from leading companies, driven by national subsidy policies and the explosion of new AI products. The current low market expectations for the SOC sector suggest significant upside potential once market conditions improve [13].

Core Viewpoint - Lens Technology (06613) has seen a significant stock increase, rising over 6% in early trading, attributed to its innovative presentations at CES 2026, particularly in the aerospace and AI hardware sectors [1] Group 1: Company Developments - Lens Technology showcased a comprehensive AI hardware ecosystem at CES 2026, covering five key areas: aerospace, embodied intelligence, AI data centers, AI terminals, and smart cockpits [1] - The company introduced its aerospace-grade ultra-thin flexible glass (UTG) photovoltaic packaging, which has become a focal point in the low Earth orbit satellite internet sector [1] - The UTG glass has a thickness ranging from 30μm to 50μm and can be bent to a radius of 1.5mm, addressing the evolution needs of low Earth orbit satellite solar wings from rigid panels to rollable and foldable flexible solar wings (ROSA structures) [1] Group 2: Technological Innovations - The UTG was developed in collaboration with glass substrate manufacturers, utilizing a special glass formula and surface treatment process to enhance its resistance to atomic oxygen erosion and UV aging [1] - Lens Technology also demonstrated its advancements in chemical strengthening and nano-coating technologies for foldable screens, showcasing their adaptability to the harsh conditions of rocket launches and long-term reliability in space environments [1]