Guotai Junan Securities: Light industry companies are actively participating in the wave of AI development, focusing on sub-sectors such as smart home

According to the Zhitong Finance APP, Guosen Securities released a research report stating that benefiting from the dual drive of AIGC technology iteration and scenario innovation, AI is accelerating its penetration into the real economy. The light industry, as a typical traditional manufacturing sector, is actively embracing intelligent transformation on one hand, while on the other hand, the implementation of technology and the exploration of new application scenarios are also accelerating the vigorous development of emerging tracks such as AI glasses and AI toys. Light industry enterprises are enthusiastically participating in the wave of AI development: using AI to enhance product intelligence levels and promote breakthroughs in new categories, integrating with large models like DeepSeek to empower data analysis, intelligent interaction, and ecosystem reshaping, as well as horizontally expanding AI-related industries to cultivate new business growth points.

AI + Smart Home: Empowering the Full Chain from Design, Production to Products

AI helps to create a one-stop solution that connects terminal demand, solution design, and factory manufacturing. On the design side, it improves design efficiency, reduces store design requirements, and meets personalized needs; on the production side, smart factories optimize production processes, reducing labor costs and error rates; on the product side, AI empowers traditional furniture, transforming it into smart products capable of human-machine interaction, autonomous perception, and even decision-making.

Involved companies: OPPEIN (603833.SH), SPZP (300616.SZ), MuSi Co., Ltd. (001323.SZ), Xilinmen (603008.SH), Qusleep Technology (301336.SZ), Qisheng Technology (603610.SH), Craftsmanship Home (301061.SZ), Yongyi Co., Ltd. (603600.SH), Haojiang Intelligent (301320.SZ), Lekai Co., Ltd. (300729.SZ), Wangli Security (605268.SH).

AI + Smart Glasses: Meeting Audio and Video Interaction Needs, Multiple Brands Enter the Market

The demand scenarios for AI glasses are rich enough, positioning them as "daily consumer goods" through real-time audio and video interaction to achieve the role of a portable AI assistant. The constraints on the supply side hardware are mainly focused on AR display and personalization, while the rapid advancement of generating interactive AI is expected to significantly optimize the software side, with the industrial chain basically ready.

Involved companies: Kangnait Optical (300061.SZ), Mingyue Lenses (301101.SZ), Doctor Glasses (300622.SZ), Yingpais (002899.SZ).

AI + Toy Entertainment: AI Toys Lead Growth, Driving Entertainment Innovation

Currently, the product form of AI toys has taken shape, with the core being the realization of emotional perception, AI interaction, and providing emotional value such as education, companionship, or entertainment through the integration of AI large models; in the future, AI toys will not be limited to the children's market, and are expected to evolve into more forms and functions, breaking age barriers.

Involved companies: Shifeng Culture (002862.SZ), Chuangyuan Co., Ltd. (300703.SZ), Gaole Co., Ltd. (002348.SZ).

AI + Fitness and Health: Reshaping the Sports, Fitness, and Health Ecosystem

The AI + fitness and health direction mainly reflects the integration of intelligent algorithms into fitness equipment hardware and software, capable of real-time monitoring of exercise data, scientifically assessing training effects, and providing targeted improvement suggestions, creating a sports large model suitable for youth training Involved companies: Shuhua Sports (605299.SH), Kangliyuan (301287.SZ), Yuexin Health (002162.SZ) 4.

AI + Robotics and Computing Power: Horizontal Industry Expansion, Cultivating New Growth Points

Based on traditional main businesses, in order to seize opportunities in AIGC, robotics, and computing power in the digital economy era, companies are actively expanding horizontally to cultivate new profit points, and are laying out in the fields of robotics and computing power. Involved companies: Songlin Technology (603992.SH), Shengtong Co., Ltd. (002599.SZ), Donggang Co., Ltd. (002117.SZ), Qunxing Toys (002575.SZ), Hongbo Co., Ltd. (002229.SZ), Qitian Technology (300061.SZ).

Risk Warning

AI technology development may fall short of expectations, domestic and international demand may fluctuate, industry competition may intensify, new business expansion may not meet expectations, and raw material prices may fluctuate significantly