核心观点公司是全球领先的综合光学产品及解决方案供应商,在全球手机镜头、手机摄像模组和车载镜头市场均为全球市场份额第一名。公司成长逻辑:短期看手机业务反转--智能机市场修复,手机光学升级持续,高端产品带动盈利提升,海外大客户业务亦有成长空间;中期看汽车智能化浪潮--公司车载镜头占据核心战略卡位,通过平台化布局车载光学业务,结合智驾下沉趋势有望带来新一轮订单放量;长期看XR+AI 协同爆发。摘要...
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