In terms of application scenarios, AI glasses shine brightly across various sectors. In education, they offer real-time information and guidance; in healthcare, they display patient records and surgical steps during surgeries or telemedicine consultations; and in industrial maintenance, they provide essential equipment maintenance guides. Additionally, AI glasses find broad utility in navigation, tourism, entertainment, and gaming, among others.

Growth capacity encapsulates a company's ability to consistently augment its asset base, profitability, and market share amidst shifting market dynamics, thereby reflecting its future development prospects.

This article is part of our Enterprise Value Series, specifically focusing on 'Growth Capacity'. We have selected 96 AI glasses enterprises as our research samples, evaluating them based on revenue compound growth, non-GAAP net profit compound growth, operating net cash flow compound growth, and other relevant indicators. Please note that the data presented is drawn from historical information and does not predict future trends; it is provided solely for static analysis and does not constitute investment advice.

Top Ten AI Glasses Companies with the Strongest Growth Capacity:

#10 Tengjing Technology
Industry Segment: Optical Components
Growth Capacity: Revenue compound growth of 5.93%, non-GAAP net profit compound growth of -3.92%, operating net cash flow compound growth of -5.48%
Performance Forecast: Latest forecast average net profit of RMB 75 million, average forecast growth rate of 79.52%
Main Product: Precision optical components, accounting for 79.98% of profits with a gross margin of 36.88%
Company Highlights: Tengjing Technology specializes in the development and application of underlying optical technology, with precision optical components like prism combinations, molded glass aspheric lenses, and geometric optical waveguide components already in use in AR glasses.

#9 Impulse
Industry Segment: Entertainment Products
Growth Capacity: Revenue compound growth of 1.78%, non-GAAP net profit compound growth of 65.59%, operating net cash flow compound growth of 104.78%
Performance Forecast: Latest forecast average net profit of RMB 103 million, average forecast growth rate of 16.83%
Main Product: Commercial products, contributing 90.49% of profits with a gross margin of 33.10%
Company Highlights: Impulse aims to establish a joint venture, leveraging AI smart glasses as an entry point to create a brand of intelligent sports equipment tailored to cycling and fitness vertical scenarios.

#8 Sunwoda
Industry Segment: Lithium Batteries
Growth Capacity: Revenue compound growth of 13.19%, non-GAAP net profit compound growth of 35.75%, operating net cash flow compound growth of 48.80%
Performance Forecast: Latest forecast average net profit of RMB 1.71 billion, average forecast growth rate of 58.92%
Main Product: Consumer batteries, accounting for 60.12% of profits with a gross margin of 18.07%
Company Highlights: Sunwoda's core business revolves around the R&D and manufacturing of lithium-ion batteries, providing contract manufacturing services for products such as AR glasses.

#7 Jizhi Technology
Industry Segment: Optical Components
Growth Capacity: Revenue compound growth of 9.38%, non-GAAP net profit compound growth of -8.33%, operating net cash flow compound growth is negative
Performance Forecast: Latest forecast average net profit of RMB 231 million, average forecast growth rate of 59.99%
Main Product: Optical films, contributing 74.79% of profits with a gross margin of 32.00%
Company Highlights: Jizhi Technology's shareholding companies hold silicon-based OLED microdisplays primarily used in near-eye display systems for helmet displays, smart glasses, electronic viewfinders, VR/AR, and other fields.

#6 Tonglian Precision
Industry Segment: Consumer Electronics Components and Assembly
Growth Capacity: Revenue compound growth of 25.82%, non-GAAP net profit compound growth of 12.33%, operating net cash flow compound growth of 32.65%
Performance Forecast: Latest forecast average net profit of RMB 117 million, average forecast growth rate of 99.36%
Main Product: MIM products, accounting for 57.46% of profits with a gross margin of 40.03%
Company Highlights: Tonglian Precision's product range includes precision components such as watch cases, ring casings, TWS earphone accessories, smart glass accessories, and headset accessories for smart wearable devices.

#5 Crystal Opto-Electronics
Industry Segment: Optical Components
Growth Capacity: Revenue compound growth of 15.44%, non-GAAP net profit compound growth of 19.05%, operating net cash flow compound growth of 31.71%
Performance Forecast: Latest forecast average net profit of RMB 1.021 billion, average forecast growth rate of 70.06%
Main Product: Optical components, contributing 47.15% of profits with a gross margin of 27.74%
Company Highlights: Crystal Opto-Electronics specializes in optical imaging, thin-film optical panels, automotive electronics (AR+), reflective materials, and related products, mastering multiple technical paths including diffractive optical waveguides, reflective optical waveguides, and catadioptric optical systems.

#4 Runxin Technology
Industry Segment: Other Electronics
Growth Capacity: Revenue compound growth of 7.82%, non-GAAP net profit compound growth of -26.89%, operating net cash flow compound growth is negative
Performance Forecast: Latest forecast average net profit of RMB 110 million, average forecast growth rate of 208.88%
Main Product: Discrete devices, contributing 31.74% of profits with a gross margin of 11.96%
Company Highlights: Runxin Technology's SOC chips and near-field loudspeaker components in the smart wearables sector are utilized in customers' AR glasses and AI glasses products.

#3 Xiechuang Data
Industry Segment: Consumer Electronics Components and Assembly
Growth Capacity: Revenue compound growth of 25.45%, non-GAAP net profit compound growth of 65.01%, operating net cash flow compound growth is negative
Performance Forecast: Latest forecast average net profit of RMB 783 million, average forecast growth rate of 172.51%
Main Product: IoT smart terminals, accounting for 51.06% of profits with a gross margin of 32.21%
Company Highlights: Xiechuang Data is dedicated to becoming a leading provider of IoT smart terminals and cloud platforms, having collaborated with Rongmeng Technology to develop an AR glasses product.

#2 O-film Technology
Industry Segment: Optical Components
Growth Capacity: Revenue compound growth of -14.08%, non-GAAP net profit compound growth is negative, operating net cash flow compound growth is negative
Performance Forecast: Latest forecast average net profit of RMB 229 million, average forecast growth rate of 197.77%
Main Product: Smartphone products, contributing 79.67% of profits with a gross margin of 11.17%
Company Highlights: In optical lenses, O-film Technology offers VR aspheric lenses, VR/AR lens assemblies, VR eyepieces, and other products.

#1 Changying Precision
Industry Segment: Consumer Electronics Components and Assembly
Growth Capacity: Revenue compound growth of 11.45%, non-GAAP net profit compound growth is negative, operating net cash flow compound growth is negative
Performance Forecast: Latest forecast average net profit of RMB 780 million, average forecast growth rate of 809.61%
Main Product: Consumer electronics precision structural components and modules, contributing 49.64% of profits with a gross margin of 18.51%
Company Highlights: Changying Precision focuses on consumer electronics precision components and new energy product components. The company supplies structural components to a North American virtual reality brand for their AI glasses.

Top Ten AI Glasses Companies with the Strongest Growth Capacity, Measured by Revenue Compound Growth, Non-GAAP Net Profit Compound Growth, and Operating Net Cash Flow Compound Growth Over the Past Three Years: