Core Viewpoint - The company announced that its chairman and some directors and executives hold a total of 1.3933 million shares, representing 0.1026% of the total share capital, and plan to reduce their holdings due to personal financial needs [1] Group 1 - The planned reduction of shares will occur between March 13, 2026, and June 12, 2026 [1] - The total number of shares to be reduced is up to 348,300 [1] - Each individual will not reduce more than 25% of their total holdings as of the end of the previous year [1]

每经AI快讯，烽火通信2月10日晚间发布公告称，截至本公告披露日，烽火通信科技股份有限公司董事 长曾军先生等部分董事、高管合计持有公司股份约139万股，占公司当前总股本的0.1026%。 每经头条（nbdtoutiao）——10倍价差刷屏！"外国人来华就医"火了，三位亲历者这样说⋯⋯ （记者 王晓波） 因个人资金需求原因，相关减持主体计划自本公告披露之日起15个交易日后的3个月内，通过上海证券 交易所证券交易系统以集中竞价交易方式减持公司股份，合计拟减持不超过约35万股，减持主体减持股 数均不超过其本人上年末持股总数的25%，减持价格将按照减持实施时的市场价格确定。 ...

证券代码：600498 证券简称：烽火通信 公告编号：2026-003 烽火通信科技股份有限公司 部分董事、高级管理人员减持股份计划公告 本公司董事会、全体董事及相关股东保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 董事、高级管理人员持股的基本情况：截至本公告披露日，烽火通信科 技股份有限公司（以下简称"公司"）董事长曾军先生等部分董事、高管合计持 有公司股份 1,393,264 股，占公司当前总股本的 0.1026%。 减持计划的主要内容：因个人资金需求原因，上述减持主体计划自本公 告披露之日起 15 个交易日后的 3 个月内（有关法律、行政法规、规范性文件规 定的不得减持股份的期间除外），通过上海证券交易所证券交易系统以集中竞价 交易方式减持公司股份，合计拟减持不超过 348,314 股，减持主体减持股数均不 超过其本人上年末持股总数的 25%，减持价格将按照减持实施时的市场价格确定。 股东名称 曾军 股东身份 控股股东、实控人及一致行动人 □是 √否 直接持股 5%以上股东 □是 √否 董事、监事和高级管理人员 √是 □否 ...

南财智讯2月10日电，烽火通信公告，公司部分董事、高级管理人员因个人资金需求，计划自2026年3月 13日起至2026年6月12日止，通过上海证券交易所集中竞价交易方式合计减持不超过348314股，占公司 当前总股本的0.0257%。其中，曾军拟减持不超过72666股（0.0054%），蓝海拟减持不超过69041股 （0.0051%），李诗愈拟减持不超过39583股（0.0029%），范志强拟减持不超过39583股（0.0029%）， 汪洋拟减持不超过53733股（0.0040%），熊伟成拟减持不超过34708股（0.0026%），李磊拟减持不超 过22000股（0.0016%），原建森拟减持不超过17000股（0.0013%）。减持股份来源均为股权激励取 得。 ...

Summary of Conference Call Notes Industry Overview - The conference call discusses the optical fiber industry, highlighting key players and market dynamics. Key Players - **First Tier (Top Four Leaders)**: - **Changfei Fiber** - **FiberHome Technologies** - **Hengtong Optic-Electric** - **ZTT (Zhongtian Technology)** - These companies focus on high-end multimode and hollow-core fiber, which exhibit profit elasticity [1][1][1] - **Second Tier**: - **Yongding Co., Ltd.** - This company is positioned as a significant player but not in the top tier [1][1][1] Additional Notes - **Beijing Stock Exchange**: - Mention of **Gobi Technology**, indicating its relevance in the market [1][1][1] This summary captures the essential points regarding the optical fiber industry and its key players as discussed in the conference call.

强烈推荐烽火通信：光纤扩产+星间激光核心龙头20260209 光纤：最新消息，公司已启动扩产，内生+外部收购产能，预计光棒产能从目前2200吨，扩充至3500吨（预计1年 左右或1年多），扩产后预计一跃成为国内光棒产能第二的厂商（长飞4000吨，亨通和中天预计2500-2800吨）。 当前散纤价格维持高位，预计后续烽火光纤产品利润弹性极大。 此外，烽火的空芯光纤能力仅次于长飞，在此前国内空 强烈推荐烽火通信：光纤扩产+星间激光核心龙头20260209 光纤：最新消息，公司已启动扩产，内生+外部收购产能，预计光棒产能从目前2200吨，扩充至3500吨（预计1年 左右或1年多），扩产后预计一跃成为国内光棒产能第二的厂商（长飞4000吨，亨通和中天预计2500-2800吨）。 当前散纤价格维持高位，预计后续烽火光纤产品利润弹性极大。 此外，烽火的空芯光纤能力仅次于长飞，在此前国内空芯光纤累计中标金额仅次于长飞。 预计单模扩产+多模+空芯，加速打开公司利润天花板。 星间激光：公司激光通信载荷是当前唯二能达到100G速率的自主可控方案。 主力星座后续将采用100G方案，公司具备强卡位优势，唯二地位下有望取得较大份额，很 ...

Summary of Conference Call Notes Industry Overview - The focus is on the North American CSP (Cloud Service Provider) capital expenditure, which is experiencing strong growth. The report emphasizes the importance of the CPO (Coherent Photonic Optics) and fiber optic industries [1][2]. Key Points 1. **Acceleration of CPO Development** - Lumentum has announced that it has secured several hundred million dollars in orders related to CPO. - Expected revenue from CPO is projected to be approximately $50 million in Q4 2026, with a significant surge anticipated in the first half of 2027. - The report suggests paying attention to the CPO supply chain, including components such as optical engines, FAU, laser ELS, MPO, shuffle boxes, and polarization-maintaining fibers. - Relevant companies in this space include Tianfu Communication, Yuanjie Technology, Shijia Photonics, Taicheng Light, Changfei Fiber, Changying Tong, and Robotek [1][2]. 2. **Fiber Optic Industry Transition** - The fiber optic cable industry has shifted from recovery to a phase characterized by "tight supply and simultaneous increase in volume and price." - As a capital-intensive industry, it is expected that new capacity will be difficult to add in the short term, leading to continued price increases. - Companies with optical fiber rod production capacity, such as Changfei Fiber, Hengtong Optic-Electric, Zhongtian Technology, and Fenghuo Communication, are recommended for focus. - Additionally, companies with significant fiber optic capacity or specialized fiber optics, such as Tefa Information and Changying Tong, are also highlighted [2]. 3. **Strong Capital Expenditure Growth Among CSPs** - Four major North American CSPs are expected to maintain strong capital expenditure growth through Q4 2025, with optimistic guidance for future capital expenditures. - All companies expressed a consensus on the "strong demand for AI and tight supply of computing power." - The overseas AI computing power supply chain is viewed positively, while the domestic AI competition is ongoing, with issues such as traffic congestion during Alibaba's Qianwen event noted. - Attention is also recommended for the domestic computing power supply chain [2]. Additional Recommendations - The report recommends specific companies for investment consideration: Zhongji Xuchuang, Tianfu Communication, Changfei Fiber, Hengtong Optic-Electric, Zhongtian Technology, and Yuanjie Technology [3].

Core Viewpoint - The article highlights the significant growth and transformation of China's broadband network, emphasizing the shift from copper cable to fiber optic connections, and the increasing number of broadband access ports and users, reflecting a trend towards higher speed and full fiber networks [1][9]. Broadband Industry Overview - Broadband networks are defined as communication networks with bandwidth exceeding 155kbps, consisting of backbone and access networks that support various multimedia services [3]. - The industry has evolved from narrowband and dial-up internet to support high-definition video and immersive applications, with typical bandwidth increasing from 64Kbps to current levels of 1Gbps and beyond [3]. Broadband Industry Development History - The transition to fiber-to-the-home (FTTH) has been a key development, with significant upgrades in network infrastructure to meet growing user demands for high-quality digital services [3]. Current State of the Broadband Industry - The broadband network infrastructure in China is rapidly advancing, with a focus on broadband, intelligence, and integration to support diverse new business applications [5]. - As of the end of 2024, the number of fixed internet broadband access ports reached 1.202 billion, with a net increase of 66.12 million from the end of 2023 [1][9]. Key Companies in the Broadband Industry - Major players include China Telecom, China Unicom, and China Mobile, which dominate the market due to their extensive user bases and network coverage [2][10]. - Emerging companies like ZTE, FiberHome, and others are gaining traction in broadband network equipment manufacturing and services [10]. Industry Challenges - The broadband industry faces challenges such as unclear public infrastructure positioning, regional and urban-rural development imbalances, and insufficient service application diversity [12][13]. Future Trends in the Broadband Industry - The industry is expected to evolve towards "full-fiber" access and "cloud-network integration," enhancing speed and network architecture [14]. - The focus will shift from merely providing connectivity to offering comprehensive, intelligent digital service platforms, integrating various applications for enhanced user experience [15]. - There will be an emphasis on ensuring "deterministic experience" and "green low-carbon" development in network planning and operations [16].

Core Viewpoint - The company emphasizes that its optical fiber and cable business is its core operation, showcasing its full industry chain capabilities from "rod-fiber-cable" [1] Group 1: Business Operations - The company is actively developing new types of optical fiber and cable products, including hollow-core fibers, polarization-maintaining fibers, and radiation-resistant fibers [1] - Specific data regarding the gross margin of the optical fiber and cable business will be reflected in the company's periodic reports [1]

Core Viewpoint - The company has developed key products such as automotive-grade optical fibers, cables, and connectors to meet the comprehensive communication needs of "vehicle-cloud, vehicle-road, vehicle-vehicle, and in-vehicle" scenarios, aiming to advance optical communication technology in vehicles from laboratory to practical application [1] Group 1 - The company has completed the development of automotive-grade optical fibers, cables, and connectors [1] - The company is creating a full-stack solution that includes architecture design, key components, core chips, and in-vehicle connection systems [1] - The company collaborates with upstream and downstream partners in the industry chain to promote the practical application of vehicle optical communication technology [1]