CONANT OPTICAL (02276) saw an increase of more than 4% before noon. At the time of writing, the stock was up 4.58% to HK$64, with a turnover of HK$36.48 million. On the news front, CONANT OPTICAL recently announced plans to place 27 million shares, raising approximately HK$1.4 billion in net proceeds. Huachuang Securities views this placement not as a sign of cash flow strain but as a proactive and forward-looking move to fund capital expenditures and capacity expansion over the next 2-3 years. The company has already partnered with several leading 3C manufacturers to develop smart glasses, indicating promising growth prospects. China Securities (CSC) released a report noting that Meta initiated the era of AI glasses in September 2023, with the industry expected to see a product boom in 2025. It is anticipated that AI glasses from companies like Google will be launched around 2026-2027. Northeast Securities added that both Meta and Alibaba are actively advancing AI+AR glasses, with multiple major tech firms likely to achieve mass production of various AI glasses models by 2026.