300394 天孚通信 7.20 7.64 112440.70 300502 新易盛 2.73 4.68 96888.52 002115 三维通信 10.00 15.23 77633.23 沪指1月27日上涨0.18%，申万所属行业中，今日上涨的有8个，涨幅居前的行业为电子、通信，涨幅分 别为2.27%、2.15%。通信行业位居今日涨幅榜第二。跌幅居前的行业为煤炭、农林牧渔，跌幅分别为 2.27%、1.95%。 资金面上看，两市主力资金全天净流出463.99亿元，今日有5个行业主力资金净流入，电子行业主力资 金净流入规模居首，该行业今日上涨2.27%，全天净流入资金89.01亿元，其次是通信行业，日涨幅为 2.15%，净流入资金为43.08亿元。 主力资金净流出的行业有26个，有色金属行业主力资金净流出规模居首，全天净流出资金145.23亿元， 其次是电力设备行业，净流出资金为113.67亿元，净流出资金较多的还有医药生物、基础化工、计算机 等行业。 通信行业今日上涨2.15%，全天主力资金净流入43.08亿元，该行业所属的个股共124只，今日上涨的有 72只，涨停的有4只;下跌的有51只，跌停的有1只。以资 ...

1月27日，亨通光电涨2.74%，截至发稿，报31.86元/股，成交58.40亿元，换手率7.71%，总市值785.90 亿元。亨通光电股价已经连续3天上涨，区间累计涨幅18.04%。 责任编辑：小浪快报 易方达上证380ETF（530380）成立日期2025年9月22日，最新规模6.78亿。今年以来收益12.11%，同类 排名1031/5548；成立以来收益14.07%。 易方达上证380ETF（530380）基金经理为张泽峰。 截至发稿，张泽峰累计任职时间1年62天，现任基金资产总规模473.35亿元，任职期间最佳基金回报 67.54%， 任职期间最差基金回报-0.88%。 声明：市场有风险，投资需谨慎。 本文基于第三方数据库自动发布，任何在本文出现的信息（包括但 不限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。受限于第三方数据库质量等问题，我们无法对数据的真实性及完整性进行分辨或核验，因此本文内 容可能出现不准确、不完整、误导性的内容或信息，具体以公司公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 资料显示，江苏亨通光电股份有限公 ...

Summary of Conference Call Notes Industry and Company Involved - The focus is on the **fiber optic cable** and **AIDC (Artificial Intelligence Data Center)** sectors, with specific mention of companies like **Changfei Fiber**, **Hengtong Optic-Electric**, **Zhongtian Technology**, and **Fenghuo Communication**. Core Points and Arguments - **Fiber Optic Price Surge**: The price of fiber optics has significantly increased due to rising demand from operators and AI, particularly driven by overseas data center construction for the 657A1 type fiber. The supply remains tight due to low willingness from domestic and foreign manufacturers to expand production and a contraction in supply caused by bankruptcies in the industry [1][4][5]. - **Impact of AWS Price Increase**: AWS's decision to raise GPU capacity block prices indicates a potential increase in AI cloud infrastructure costs, which is favorable for the domestic AI industry chain. The H200 incident's impact is diminishing, and the development of domestic computing cards is driving AIDC demand [1][8]. - **AIDC Market Dynamics**: Recent changes in the AIDC sector include some companies increasing delivery volumes, leading to a tight supply-demand balance. If demand continues to grow and energy consumption is strictly controlled, prices may rise. Notably, AIGC prices in Hong Kong have surged significantly, with some companies receiving demand guidance for 2027 that is several times that of 2024 and 2025 [1][11]. - **Investment Recommendations**: Short-term investment suggestions prioritize AI giants (Alibaba, Tencent, ByteDance), followed by AIDC (data centers, liquid cooling, power supply), then network components (switches, chips, optical modules, copper connections), and finally computing (chips, servers, server power supplies) [1][13]. Other Important but Potentially Overlooked Content - **Performance of Related Companies**: Companies like Changfei Fiber, Hengtong Optic-Electric, Zhongtian Technology, and Fenghuo Communication are expected to benefit significantly from the current price increases in fiber optics, with leading firms' cost prices between 14-15 yuan and second-tier firms at 17-18 yuan, indicating substantial profit margins [1][6]. - **Monitoring Factors for Fiber Market Trends**: Key factors to watch include upcoming telecom procurement and the impact of AI on the prices of 652D and 657A1 fiber types. Continuous tracking of the industry chain is crucial due to the unpredictable nature of raw material prices [1][7]. - **Future AIDC Developments**: The growth of domestic computing cards is directly linked to increased demand for data center infrastructure, with major brands like Huawei and Alibaba having significant needs. The successful distribution of H200 cards could further benefit the domestic AI and computing chains [1][10]. - **Investment Focus in Communication Sector**: Investors should pay close attention to the satellite communication sector, AIDC, domestic AI chains, and fiber optic sectors, as these areas are experiencing significant short-term marginal changes [1][14].

转自：智通财经 注：智通财经VIP为内容资讯产品，并非投资建议。以下内容仅为资讯价值展示非对相关公 司的推荐建议，非未来走势预测。投资有风险，入市需谨慎。 市场热点一 有色金属 | | 光伏 新能源汽车 | 107.40 所属行业: 电新行业 -1.27% > | | 查看所属板块 > | | | --- | --- | --- | --- | --- | --- | | +7.96 +8.00% | | | | | | | | -2.11% -1.15% 最相关 | | | | | | 十 | 109.38 109.38 成交量 取 | | | 43.9万手 | | | 昨 收 | 99.44 最 低 105.00 成交额 | | | | 47.5亿 | | 而宮可 | 19.54% 总市值 -56.27 换手率 | | | | 314亿 ▲ | | 热股 | 财联社热股榜TOP18 | | | | | | 分时 | 日K 園K 月K 分钟▼ 五日 | | | | | | 109.38 | | | | | | | 90.80 | 1月22日17:21《风口研报》精选"钧达股份 | | | | | | | " ...

证券之星消息，1月26日通信设备板块较上一交易日上涨0.39%，锐捷网络领涨。当日上证指数报收于 4132.61，下跌0.09%。深证成指报收于14316.64，下跌0.85%。通信设备板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 301165 | 铝量网络 | 86.40 | 12.96% | 22.26万 | | 18.56亿 | | 601869 | 长飞光纤 | 123.84 | 10.00% | 14.38万 | | 17.49 乙 | | 600487 | 亨通光电 | 31.01 | 9.15% | 243.64万 | | 75.13亿 | | 301205 | 联特科技 | 205.41 | 7.15% | 15.12万 | | 30.83亿 | | 688668 | 鼎通科技 | 151.88 | 6.96% | 16.58万 | | 25.13亿 | | 002792 | 通宇通讯 | 55.25 | 5.90% | 140.15万 | ...

个股方面，网宿科技、亨通光电、浙文互联3股均获得超20亿元主力资金净流入，紫金矿业、铜陵有 色、东方日升等10股也获得超10亿元净流入。 今日，A股放量震荡，大盘蓝筹股全线反弹，上证50、沪深300高开飘红，科技成长股有所调整，科创 50、北证50均跌超1%，上证指数、深证成指等也小幅下挫，市场成交温和放大至3.28万亿元。 盘面上，贵金属、油气开采、动物保健、生物疫苗等板块涨幅居前，商业航天、电机制造、6G概念、 玻璃基板等板块跌幅居前。 Wind实时监测数据显示，有色金属行业获得逾174亿元主力资金净流入，超过其他行业净流入总和，医 药生物获得逾44亿元净流入，通信获得逾34亿元净流入，石油石化获得逾21亿元净流入，农林牧渔、银 行、煤炭也均获得超10亿元净流入。电子遭主力资金净流出逾337亿元，国防军工净流出逾220亿元，汽 车也净流出逾124亿元。 世界卫生组织将尼帕病毒列为一种致命的人畜共患病毒，主要由果蝠携带。该病毒可通过被污染的食物 传播给人类，或直接人传人，死亡率在40%到75%之间。这种病毒从感染到出现症状的潜伏期一般为4 天至14天，最长可达45天。目前尚无专门的疫苗和有效疗法。 泰国公共 ...

今日涨跌幅居前的概念板块 | 概念 | 今日涨跌幅（%） | 概念 | 今日涨跌幅（%） | | --- | --- | --- | --- | | 禽流感 | 6.89 | 军工信息化 | -4.70 | | 金属铅 | 6.22 | 太赫兹 | -4.42 | | 金属锌 | 5.85 | 同花顺新质50 | -4.24 | | 黄金概念 | 5.02 | 军民融合 | -3.87 | | 动物疫苗 | 4.89 | 卫星导航 | -3.84 | | 芬太尼 | 4.18 | 商业航天 | -3.56 | | 金属铜 | 3.81 | 国产航母 | -3.52 | | 猴痘概念 | 3.13 | 减速器 | -3.51 | | 生物疫苗 | 2.98 | 大飞机 | -3.39 | | 金属钴 | 2.70 | 成飞概念 | -3.35 | 截至1月26日收盘，太赫兹概念下跌4.42%，位居概念板块跌幅榜前列，板块内，海格通信跌停，亚光 科技、陕西华达、天银机电等跌幅居前，股价上涨的有2只，涨幅居前的有长飞光纤、亨通光电等，分 别上涨10.00%、9.15%。 资金面上看，今日太赫兹概念板块获主力资金净流 ...

证券研究报告 科技 通信 Q4 算力、商业航天获加仓 华泰研究 2026 年 1 月 26 日│中国内地 行业周报（第四周） 本周观点 市场方面，上周通信（申万）指数下跌 2.12%，同期上证综指上涨 0.84%， 深证成指上涨 1.11%。据我们对公募基金 2025 年四季报的统计，4Q25 通 信板块基金前十大重仓中持仓占比 8.75%，环比上升 0.91pct；4Q25 通信 板块超配比例持续提升，超配比例为 5.25%；液冷、光芯片、数据中心、航 天等板块获增持。建议关注全球 AI 算力链投资机遇（光模块、液冷、铜连 接、交换机等）以及商业航天板块投资机遇（火箭、卫星、终端）。 周专题：通信板块 4Q25 持仓高增，算力、航天板块获加仓 根据我们对公募基金 2025 年四季报统计， 4Q25 公募基金前十大重仓中通 信板块 A 股持仓占比 8.75%，环比上升 0.91pct；4Q25 板块超配比例为 5.25%，较 3Q25 上升 1.89pct。4Q25 公募基金加仓液冷、光芯片、数据 中心、北斗等板块，减仓光纤光缆、通信设备等板块。中际旭创、新易盛、 天孚通信、英维克、源杰科技为 4Q25 持仓 ...

上市企业：长飞光纤(601869),特发信息(000070),中天科技(600522),亨通光电(600487) 相关报告：智研咨询发布的《2026-2032年中国电力光缆行业市场全景评估及发展趋势研究报告》 数据来源：国家统计局，智研咨询整理 知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐的市场洞察力，专注于提供完善的产业解决方案，为您的投资决策赋能。 根据国家统计局数据显示：2025年12月中国光缆产量为2470万芯千米，同比增长6.2%；2025年中国光 缆累计产量为25118.2万芯千米，累计下降5.3%。 2020-2025年中国光缆产量统计图 ...

Investment Rating - The report maintains an "Overweight" rating for the power equipment sector [6] Core Insights - The report highlights new opportunities in the photovoltaic industry driven by space solar power initiatives and rising prices of battery components [1][17] - It emphasizes the importance of supply-side reforms and technological advancements in creating long-term growth opportunities within the industry [1][19] - The report identifies key companies to watch in various segments, including supply chain price increases, new technology growth, and perovskite solar cell developments [1][19][21] Summary by Sections Photovoltaics - The price of multi-crystalline silicon n-type raw materials remains stable, with an average transaction price of 59,200 RMB per ton [17] - N-type battery cell prices have increased to 0.42 RMB per watt, with a price range of 0.40-0.43 RMB per watt [17] - The report notes that rising silver prices have led to increased component costs, with distributed component prices now ranging from 0.70 to 0.80 RMB per watt [17] - SpaceX and Tesla plan to achieve a combined solar manufacturing capacity of 200GW annually in the U.S. within three years, with 40GW dedicated to space solar power [1][18] - Key companies to focus on include Tongwei Co., GCL-Poly, LONGi Green Energy, JA Solar, and Trina Solar for supply-side reform opportunities [1][19] Wind Power & Grid - The Netherlands will launch a 1GW offshore wind project tender in September 2026, with a subsidy budget of approximately 32.45 billion RMB [19][20] - Turkey plans to initiate its first offshore wind tender by the end of 2026, aiming for 5GW of installed capacity by 2035 [19][20] - Southern Power Grid has set a fixed asset investment of 180 billion RMB for 2026, focusing on new power system construction and strategic emerging industries [20] - Companies to watch include Goldwind, Yunda, Mingyang Smart Energy, and Sany Heavy Energy in the wind turbine sector [20] Hydrogen Energy - A ceremony for the operation of 300 hydrogen fuel heavy trucks was recently held, showcasing advancements in hydrogen energy technology [3][21] - The trucks are equipped with a 130kW fuel cell system and can achieve a range of over 600 kilometers [3][21] - Key companies in this sector include Shuangliang Energy, Huadian Heavy Industry, and Shenghui Technology [3][21] Energy Storage - The report forecasts that new energy storage installations in China will reach 58.6GW/175.3GWh in 2025, a year-on-year increase of 38%/60% [4][22] - The average bid price for 2-hour energy storage systems is projected to be 0.55 RMB/Wh in 2025, down 16.9% from 2024 [4][22] - Companies to focus on include Sungrow Power, Canadian Solar, and Kehua Data for large-scale energy storage opportunities [4][22] New Energy Vehicles - CATL launched the "Tianxing II" series solutions for light commercial vehicles, including the industry's first intelligent battery management application [5][27] - The solutions cater to various scenarios, including high-frequency urban distribution and extreme temperature conditions [5][27] - Key companies in the battery sector include CATL, Penghui Energy, and Guoxuan High-Tech [5][29]