Co-packaged optical module (CPO)
- 1910.657
- -34.150-1.76%
After a continuous reduction in market trading volume, a short-term directional choice may be faced, waiting for new hotspots to break through.
Yesterday, the market continued a low-volume consolidation structure. From the Index perspective, although it is still in a relatively strong consolidation structure, the narrow fluctuations over the past three days may indicate that the market is facing a new round of directional choices. If it cannot attack with increased volume again, the probability of subsequent corrective consolidation may further increase.
New themes are gradually emerging as market styles shift between high and low, but the strength of the Technology mainline's recovery remains crucial.
Yesterday, the market continued to adjust, and all three major Indexes fell, returning to a consolidation structure in the short term.
The "hot battle" of humanoid robots has begun: frequent release of new products. Is the year of mass production really here? | Industry observation
① Siasun Robot&Automation and Zhiyuan Robot both launched new humanoid robots, and related Concept stocks rose in response; ② mass production of humanoid robots still faces challenges, and domestic manufacturers aim to produce thousands of units this year; ③ there are also disputes within the Industry regarding the implementation scenarios.
The computing power stocks are strongly rebounding, and Nonferrous Metals are迎来 a new rotation opportunity.
Yesterday, the market withstood the impact of the drop in the external market and successfully rebounded from the lows, with all three major Index closing in the green. However, due to the further contraction in trading volume, the short-term market still leans towards chaos, and may face a choice of direction in the future.
As high as 545%! DeepSeek has released its cost-profit margin for the first time. What is the impact on computing power?
According to DeepSeek's calculations, the theoretical daily profit of the V3/R1 inference system can reach 3.46 million yuan. The founder of Silicon-based Flow, Yuan Jinhui, commented that the V3/R1 architecture is significantly different from other mainstream models. Brokerage opinions suggest that in the medium to short term, technology giants will continue to make ongoing and large-scale investments in the field of AI computing power, which will remain a highly certain event.
Sales of high-end optical modules have surged! Zhongji Innolight's net income last year increased by 137.90% year-on-year | Earnings Reports insights.
Thanks to the continuous construction of computing power infrastructure by end customers and strong growth in capital expenditure, Zhongji Innolight's sales of 800G and 400G high-end optical modules have greatly increased, with both revenue and net income significantly rising year-on-year.
AH Stocks rose, the Hang Seng Index increased by nearly 3%, and Alibaba surged over 9% driving the computing power to take off.
A-shares related to Alibaba Cloud opened with a significant rise, Hangzhou Zhongheng Electric, Insigma Technology, Shanghai AtHub, and RunJian Co.,Ltd. hit the limit up, Guangdong Aofei Data Technology rose over 10%, Yimikang Tech. Group.Co.,Ltd., Ruijie Networks, and Yacong Co., Ltd. also followed the upward trend.
In the next three years, Alibaba Cloud and AI infrastructure investments will exceed the total of the past ten years, and domestic computing power construction may be the most certain main line.
① In the Q3 2025 Earnings Reports Analyst conference call, Alibaba Group CEO Wu Yongming stated that investments in cloud and AI infrastructure over the next three years are expected to exceed the total of the past decade. ② Chen Tong from Western Securities pointed out that large models are reshaping the technology architecture, service models, charging models, and application ecology for cloud providers.
The race for capacity in composite aluminum foil has begun. Kecuan Technology issues Convertible Bonds to raise 0.5 billion to increase investment.| Quick Announcement Review
① Keway Technology plans to issue Convertible Bonds to raise 0.5 billion yuan for the Lithium Battery new composite materials project (Phase 1), aiming to achieve an annual production of 95 million square meters of composite aluminum foil; ② The company believes that this move will be beneficial to seize the important development opportunities for the Cathode Material conversion in the Industry, constructing a second growth curve; ③ Many companies are already competing for production capacity in this sector, with Zhejiang Jiemei Electronic And Technology, Guangdong Enpack Packaging, and others planning to expand their capacity.
The short-term differentiation of the DeepSeek Concept may continue, focusing on the rotation opportunities between high and low in AI.
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Xiaomi is taking the stage! DeepSeek ignites the "Hundred Mirrors War" as Consumer Electronics welcomes a new opportunity.
① The official Weibo of Xiaomi glasses has been launched, but no content has been published so far; ② Lei Jun expects the product's shipment volume to be "over 300,000 units." ③ Brokerages point out that AI glasses are likely to become a scenario where AI applications first take root.
Strong demand for AI optical connections. Henan Shijia Photons Technology plans to acquire and integrate upstream resources to maintain stable supply of MT connectors.
① A representative from the Henan Shijia Photons Technology secretariat stated that this Trade is a vertical extension of the Industry Chain, and the MT chip is a niche area upstream of optical modules, being a core component for high-speed transmission in Datacenters. With this acquisition by Henan Shijia Photons Technology, the Business will vertically move towards the front end of the Industry Chain, achieving business synergy; ② Industry observers believe that mergers and acquisitions are '30% in acquisition and 70% in integration.'
Sales of high-end optical modules are experiencing strong growth! Zhongji Innolight: It is expected that the Net income in 2024 will increase by 111.64%-166.85% year-on-year | Earnings Reports Insights
Benefiting from the strong growth in sales of 800G and 400G high-end optical modules, the company expects to achieve a net income attributable to the shareholders of the listed company of 4.6 billion yuan to -5.8 billion yuan in 2024, a year-on-year increase of 111.64% to 166.85%. The net income after excluding non-recurring gains and losses is expected to be 4.5 billion yuan to -5.7 billion yuan, a year-on-year increase of 111.90% to 168.40%.
Eoptolink Technology Inc. had an 80% increase in profits in Q4 last year compared to the previous quarter, but the details behind the investigation of the actual controller remain unclear.| Interpretations
① The demand for high-speed products is rapidly increasing, and Eoptolink Technology Inc. expects the net profit attributable to shareholders to grow over 300% year-on-year last year, with a quarter-on-quarter net profit increase of 47.76%-79.77% in Q4. ② Just a month ago, the actual controller, Gao Guangrong, was investigated by the Securities Regulatory Commission for allegedly violating restrictive regulations by transferring Stocks and other actions, and the details behind this remain unclear.
The PC market has achieved growth for five consecutive quarters. Institutions say the moment of AIPC transformation will begin in 2025.
According to Canalys' latest data, the PC market has achieved growth for five consecutive quarters in the fourth quarter, with total shipments of desktops, laptops, and workstations reaching 67.4 million units, a growth of 4.6%. Aixin Securities believes that AIPC Software and Hardware are co-evolving, and over the past year, major global manufacturers have continuously explored aspects such as AI enablement, product forms, and user experience, with the transformation moment opening in 2025.
Analysts predict that ByteDance's AI computing power expenditure will exceed 100 billion yuan by 2025, and the dawn of domestic computing power demand is approaching.
① Recently, ByteDance released a procurement sourcing announcement for the design framework of its self-built Datacenter substation. ② Zheshang Securities stated that the dawn of domestic computing power demand has arrived, and ByteDance has made huge investments in AI, with capital expenditures reaching 80 billion yuan in 2024.
How do domestic semiconductors industry chain grow against the wind? At this closed-door event, many "little giant" companies shared their insights and advice.
① The release of a new round of export control entity lists has fostered the consensus within the industry to cultivate and develop a domestic supply chain system. ② Several emerging companies in the semiconductors field recently stated at an industry event that the domestic market for semiconductor equipment and memory chips is vast, and small and medium-sized enterprises possess the resilience for growth and development.
Brokerage morning meeting highlights: The construction of a national unified electrical utilities market is accelerating, bullish on three main lines.
In today's brokerage morning meeting, htsc stated that the construction of a national unified electrical utilities market is accelerating, with a bullish outlook on three main lines; Galaxy Securities indicated that 5G applications are expected to develop on a large scale, selecting high-quality symbols with improved marginal prosperity; haitong sec expressed a bullish view on the steady rise of rare earth prices.
Multiple billion-dollar private equity funds are conducting research on Hangzhou Hikvision Digital Technology, Luxshare Precision Industry, with Feng Liu, Deng Xiaofeng, and Lin Peng never absent.
① The proportion of hundreds of billions of private equity firms in the top ten of the private equity research ranking has decreased, with the top position being held by Zhengyuan Investment, the only private equity firm with over a thousand research visits this year; ② Overall, private equity is more focused on stocks in the star; ③ Several hundred billion private equity firms are still clustered around researching hangzhou hikvision digital technology and luxshare precision industry; ④ This year, Feng Liu has researched hangzhou hikvision digital technology three times, and Deng Xiaofeng has researched luxshare precision industry four times.
Twelve departments issued the "5G Large-scale Application 'Set Sail' Action Upgrade Plan," and the industry chain is expected to welcome new opportunities.
① The Ministry of Industry and Information Technology and eleven other departments issued the "5G Scale Application 'Set Sail' Action Upgrade Plan," aiming to fully achieve 5G scale application by the end of 2027. ② Galaxy Securities believes that the attention on 5.5G is gradually increasing, and new application scenarios are driving the industry chain for base stations, with key components such as antennas, filters, power amplifiers, and PCBs expected to embrace new opportunities.