[Longqi Technology]: Large Share Repurchase Shows Confidence, Main Business Has Great Expectation Gap, New Edge-Side and M&A Expand Incremental New Business

English summary

#Main business consumer electronics expectations are already at the bottom. Recent customer guidance has been revised upward, creating a huge expectation gap for the main business: sales decline compared to expectations is better, ASP growth is more than expected; new models from major overseas customers are expected to bring huge incremental revenue. #New edge-side products# 1. AI glasses: The company is deeply bound to leading customers. On June 23, Meta launched its new proprietary brand AI smart glasses MetaGlasses, equipped with Meta's self-developed MuseSpark large model, integrating music playback, real-time multi-language translation, live photography, and intelligent Q&A about the environment. The company maintains deep cooperation with Meta, and its market share in supporting products such as glasses cases is expected to further increase; at the same time, the company is cooperating with leading domestic customers to advance the R&D and launch of AI glasses products, and this business line is expected to become an important source of performance growth in the future. 2. AIPC track: The company has made forward-looking layouts, with a complete reserve of multi-form products. ...