博士眼镜：成为雷鸟V3全国线下体验门店，关注渠道价值激活

Investment Rating - The report maintains a "Buy" rating for the company [4][5]. Core Insights - The collaboration between 博士眼镜 and 雷鸟 is expected to redefine offline retail scenarios and drive industry transformation, with 博士眼镜 serving as the exclusive offline experience store for 雷鸟 V3 [3]. - 雷鸟 V3 features advanced specifications, including a 1200万 pixel sensor, 4K resolution photo capture, and a lightweight design of 39g, making it suitable for both prescription and fashion eyewear [1]. - The partnership aims to leverage 博士眼镜's extensive retail network and professional fitting services to enhance customer experience and drive sales of AI/AR eyewear [2][3]. Financial Projections - Projected revenues for the company from 2024 to 2026 are estimated at 1.24 billion, 1.37 billion, and 1.55 billion respectively, with corresponding net profits of 120.64 million, 140.21 million, and 169.26 million [10][12]. - The earnings per share (EPS) are forecasted to be 0.69, 0.80, and 0.97 yuan per share for the years 2024, 2025, and 2026 respectively [4][10]. - The price-to-earnings (P/E) ratios are projected to be 70, 61, and 50 for the same years [4][10].