人民财讯12月23日电，企查查APP显示，近日，湖北省新型互联网交换中心有限责任公司成立，注册资 本1亿元，经营范围包含：互联网数据服务；数据处理服务；计算机软硬件及辅助设备批发；计算机软 硬件及辅助设备零售等。企查查股权穿透显示，该公司由中国电信全资子公司天翼资本控股有限公司、 湖北大数据集团有限公司、烽火通信、湖北广电共同持股。 转自：证券时报 ...

Core Viewpoint - The continuous iteration of AI large model training and the acceleration of AI application implementation are expected to drive global demand for optical fibers and cables, particularly in data centers [1][2]. Demand Side - The construction of AI data centers and DCI interconnections is likely to sustain the demand for optical fibers and cables, with high-end single-mode and multi-mode fibers, along with ultra-high-speed optical modules, facilitating efficient short-distance data transmission and flexible interconnections [2]. - G.654.E optical fibers significantly enhance transmission distance and system capacity, contributing to the development of more efficient and economical long-distance high-bandwidth networks [2]. - The demand for hollow-core fibers is anticipated to gradually increase due to their advantages such as low latency, wide spectrum, low loss, and low nonlinearity, with active promotion of new technologies in both domestic and international markets [2]. Supply Side - The production cycle for traditional optical preforms is long, and the manufacturing process has high technical requirements, leading to potential short-term supply tightness [2]. - The expansion of optical fiber production capacity is constrained by the lengthy production cycle of optical preforms and the need for high precision in the manufacturing process, which may result in a tight supply situation in the short term [2]. - According to predictions from the Asia-Pacific Optical Fiber and Cable Industry Association and the China Academy of Information and Communications Technology, global demand for optical fibers and cables is expected to reach hundreds of millions of core kilometers by 2025, maintaining a growth trend [2]. Investment Opportunities - The global development of AI is likely to continue driving demand for optical fibers and cables in data centers and DCI interconnections, creating a potential supply-demand imbalance in the short term [3]. - Recommended investment targets include Hengtong Optic-Electric and Zhongtian Technology, with beneficiaries including Yangtze Optical Fibre and Cable, Yongding Holdings, FiberHome Technologies, and TeFa Information [3].

Investment Rating - The industry investment rating is "Overweight" (maintained) [1] Core Insights - The demand for optical fibers and cables is expected to be driven by the construction of AI data centers and DCI interconnections, with a significant increase in global demand anticipated due to the ongoing evolution of AI large model training and application deployment [4] - The supply side faces challenges as the production cycle for optical preforms is long and the manufacturing process is complex, leading to potential short-term supply tightness [5] - The report highlights a potential supply-demand imbalance in the short term, with a recommendation to focus on investment opportunities in the optical fiber and cable sector [6] Demand Side Summary - The demand for optical fibers and cables is expected to grow due to the increasing need for high-density and low-power data transmission in data centers, driven by AI applications [4] - The G.654.E optical fiber is noted for its ability to enhance transmission distance and system capacity, contributing to the development of more efficient long-distance high-bandwidth networks [4] - New technologies such as hollow-core fibers are being actively developed, which may lead to increased demand in the long term due to their advantages in low latency and low loss [4] Supply Side Summary - The production of optical preforms is characterized by a long expansion cycle and high technical requirements, which may lead to a tight supply situation in the short term [5] - The report cites predictions from the Asia-Pacific Optical Fiber and Cable Industry Association and the China Academy of Information and Communications Technology, estimating that global demand for optical fibers and cables could reach hundreds of millions of core kilometers by 2025 [5] - Prices for optical fibers have shown a significant rebound since May, indicating a positive outlook for demand and pricing driven by AI data center construction [5] Investment Opportunities - The report recommends focusing on investment opportunities in the optical fiber and cable sector, specifically highlighting companies such as Hengtong Optic-Electric and Zhongtian Technology as primary targets, with additional beneficiaries including Yangtze Optical Fibre and Cable, Yongding Co., FiberHome Technologies, and TeFa Information [6]

Core Viewpoint - The establishment of Hubei New Internet Exchange Center Co., Ltd. marks a significant development in the internet data service sector in Hubei Province, with a registered capital of 100 million RMB and a focus on various internet-related services [1]. Group 1: Company Overview - Hubei New Internet Exchange Center Co., Ltd. was founded on December 18, 2025, with a registered capital of 100 million RMB [2]. - The legal representative of the company is Yin Binglin, and it is registered under the Wuhan East Lake New Technology Development Zone Market Supervision Administration [2]. - The company operates in the internet and related services industry, with a business scope that includes internet data services, data processing services, and wholesale and retail of computer hardware and software [2]. Group 2: Shareholding Structure - The company is jointly held by four major shareholders: Tianyi Capital Holdings Co., Ltd. (63.75%), Hubei Big Data Group Co., Ltd. (18.75%), FiberHome Technologies Group Co., Ltd. (12.5%), and Hubei Broadcasting and Television Information Network Co., Ltd. (5%) [2]. - Tianyi Capital Holdings Co., Ltd. is a state-owned holding company, indicating strong governmental support for the new venture [2].

格隆汇12月22日｜A股市场CPO概念股继续强势，其中，长芯博创涨超13%，亨通光电、长飞光纤 10CM涨停，中天科技涨超7%，新易盛、烽火通信涨超6%，永鼎股份、华工科技、景旺电子、中际旭 创涨超5%。其中，长飞光纤、新易盛创历史新高。 | 代码 | 名称 | | 涨幅% ↓ | 总市值 | 年初至今涨幅% | | --- | --- | --- | --- | --- | --- | | 300548 | 长芯博创 | 1 | 13.70 | 462亿 | 241.58 | | 600487 | 享通光电 | 家 | 10.02 | 645亿 | 54.12 | | 601869 | 长飞光线 | + | 10.00 | 1052亿 | 326.84 | | 600522 | 中天科技 | | 7.13 | 672亿 | 40.37 | | 300502 | 新易盛 | + | 6.23 | 4586亿 | 461.11 | | 600498 | 烽火通信 | 1 | 6.16 | 398亿 | 51.81 | | 600105 | 永鼎股份 | 1 | 5.59 | 312亿 | 333.63 | | ...

截至12月19日，市场整体融资余额有所增加。来自Wind的统计数据显示，当日市场融资余额为2.49万亿元，相比前一交易日增加了45.77亿元。 在行业层面，统计显示当日有15个申万一级行业获得融资资金的净流入。其中，电子行业的净买入额最高，达到14.09亿元。国防军工、有色金属、通信、 电力设备及商贸零售等行业也获得了较大规模的净买入。 在个股层面，统计显示当日共有1726只个股获得融资净买入。其中，有22只个股融资净买入额超过1亿元，成为资金关注的焦点。融资净买入额居首的是中 国平安，达5.87亿元。融资净买入金额靠前的公司还有兆易创新、永辉超市、航天发展、赣锋锂业、航天电子、烽火通信、飞龙股份、美年健康等。 沪深两市数据显示，当日融资净买入金额排名前十的股票依次为：中国平安、兆易创新、C优迅、永辉超市、航天电子、烽火通信、中金公司、银行ETF、 航天动力、华泰证券。（市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。） 来源：市场资讯 ...

Group 1 - The total margin trading balance in A-shares reached 25,038.28 billion yuan, an increase of 44.62 billion yuan from the previous trading day, accounting for 2.60% of the A-share circulating market value [1][2] - The trading volume of margin financing and securities lending was 1,774.92 billion yuan, up by 56.06 billion yuan from the previous trading day, representing 10.13% of the total A-share trading volume [1][2] Group 2 - Among the 31 primary industries, 15 industries experienced net financing inflows, with the electronics industry leading at a net inflow of 1.409 billion yuan [2] - Other industries with significant net financing inflows included defense and military, non-ferrous metals, communications, electric equipment, and retail [2] Group 3 - A total of 22 individual stocks had net financing inflows exceeding 100 million yuan, with China Ping An leading at a net inflow of 587 million yuan [3][4] - Other notable stocks with high net financing inflows included Zhaoyi Innovation, Youxun Co., Yonghui Superstores, Aerospace Development, Ganfeng Lithium, Aerospace Electronics, Fenghuo Communication, Feilong Co., and Meinian Health [3][4]

华西证券（002926）发布研报称，当前时点，面临全球地缘政治冲突、中美科技博弈、海外对AI投资 的疑问，预计市场仍将保持震荡，板块建议相对谨慎，中性配置。中长期仍坚定看好AI国产算力及光 模块等相关设备商、6G产业趋势、国产替代、自主可控以及军工等产业趋势及行业成长，从而催化包 括国产算力、光网升级、算力租赁、卫星通信、通信军工以及6G等市场机会。 华西证券主要观点如下： 根据C114通信网资讯，12月15日《信息光子技术发展与应用研究报告（2025年）》正式发布。报告指 出，空芯光纤具有低时延、宽频谱、低损耗和低非线性效应等优势，是解决传统光纤物理瓶颈的颠覆性 方案。当前时点，空芯光纤处于快速迭代演进的关键窗口期。 该行认为，空心光纤仍处于商业化前期，但是其时延低、宽频谱、低损耗等特性在AI大模型连接应用 需求有望逐渐起量，其多重潜力价值凸显，包括内部互联、城域数据中心互联以及广域互联均具备明显 优势。相关受益标的包括长飞光纤（601869）、亨通光电（600487）、烽火通信（600498）、中天科技 （600522）等。 投资建议 卫星通信、卫星物联网相关受益标的：芯片及T/R组件相关产业受益标的包括 ...

本公司董事会及全体董事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： ■ 一、回购审批情况和回购方案内容 烽火通信科技股份有限公司（以下简称"公司"）于2025年9月23日、2025年10月15日，分别召开第九届 董事会第八次临时会议、2025年第一次临时股东大会，审议通过了《关于以集中竞价交易方式回购股份 的议案》，同意公司自股东大会审议通过本次回购股份预案之日起6个月内（即2025年10月15日至2026 年4月14日），使用自有资金或自筹资金以集中竞价交易方式回购公司股份，回购的资金总额不低于人 民币7,500万元（含）且不超过15,000万元（含），回购价格不超过人民币40.53元/股（含），依照回购 价格上限测算，回购的数量不低于1,850,482股（含）且不超过3,700,962股（含），最终回购使用资金总 额、回购数量以回购期间的具体实施结果为准。本次回购股份将全部用于注销并减少公司注册资本。具 体内容详见公司于2025年10月21日在上海证券交易所网站（www.sse.com.cn）、《中国证券报》《上海 证券报》《 ...

截至12月19日收盘，共封装光学(CPO)概念下跌0.39%，位居概念板块跌幅榜前列，板块内，腾景科 技、德明利、德科立等跌幅居前，股价上涨的有60只，涨幅居前的有凯格精机、安孚科技、陕西华达 等，分别上涨11.29%、10.00%、9.33%。 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（%） | | --- | --- | --- | --- | | 海南自贸区 | 5.33 | 光刻机 | -0.73 | | 乳业 | 3.73 | 存储芯片 | -0.64 | | 免税店 | 3.35 | 国家大基金持股 | -0.56 | | 租售同权 | 3.20 | F5G概念 | -0.44 | | 土地流转 | 3.13 | 共封装光学(CPO) | -0.39 | | 自由贸易港 | 2.96 | 中芯国际概念 | -0.06 | | 啤酒概念 | 2.93 | 先进封装 | -0.06 | | 可控核聚变 | 2.89 | WiFi 6 | -0.02 | | 物业管理 | 2.88 | AI PC | 0.01 | | 广东自贸区 | 2.86 | MCU芯片 ...