Core Viewpoint - The CPO concept stocks in the A-share market continue to show strong performance, with several companies experiencing significant price increases [1] Company Performance - LianTe Technology saw a rise of over 13% - Jingwang Electronics hit the daily limit with a 10% increase - DeKeLi increased by over 8% - YongDing shares rose by over 7% - Fangzheng Technology increased by over 6% - JiePuTe rose by over 4% - Zhongji Xuchuang, Xinyi Sheng, Cambridge Technology, and Tianfu Communication all saw increases of over 3% [1] Historical Performance - Fangzheng Technology, Zhongji Xuchuang, Xinyi Sheng, and SiRui New Materials reached new historical highs [1]

Investment Rating - The report maintains a positive outlook on AI growth and highlights key companies to focus on: ZhongJi InnoLight, Eoptolink Technology, Yuanjie Technology, ZTE, Hui Lyu Ecological Technology Groups Co., Ltd., Shenzhen JPT Opto-Electronics, Ruijie Networks, Aojie Technology, and Unisplendour [1][31]. Core Insights - The demand for optical modules is expected to increase significantly, with a forecast of 20 million units for 1.6T optical modules by 2026 [15][39]. - The communication industry is seen as the foundation of the digital economy, encompassing various sectors such as AI ecosystems, satellite internet, data elements, AIoT, internet of vehicles, and industrial internet [31][39]. - OpenAI's release of the AI browser ChatGPT Atlas is viewed as a significant development in redefining internet usage [6][38]. - Anthropic's agreement with Google Cloud for up to one million TPUs, valued at several billion dollars, indicates strong growth potential in AI infrastructure [10][39]. - The acquisition of a 94% stake in Wuhan Ruijing by Dugen Core is expected to enhance technical synergy in the optoelectronics field [12][39]. Summary by Sections Optical Module Demand - The report revises the demand forecast for 1.6T optical modules upwards, predicting a demand of over 20 million units by 2026, with a significant supply gap anticipated for high-speed optical modules [15][39]. AI and Communication - The report emphasizes the acceleration of AI-related investments and innovations, particularly in GPU capabilities and communication networks, which are crucial for enhancing AI efficiency [31][32]. Company Performance - The report includes a simulated investment portfolio for the communication sector, showing a strong performance with an average increase of 14.95% for selected stocks during the specified period [22][23].

Group 1 - The core point of the news is that Jieput, a company specializing in laser technology and intelligent equipment for precision detection and micro-processing, has seen a stock price increase of 5.01%, reaching 143.88 CNY per share, with a total market capitalization of 13.676 billion CNY [1] - Jieput's main business revenue composition includes: lasers at 53.32%, laser/optical intelligent equipment at 38.19%, other main businesses at 6.61%, fiber optic devices at 1.81%, and other supplementary sources at 0.07% [1] - The company is located in Longhua District, Shenzhen, Guangdong Province, and was established on April 18, 2006, with its listing date on October 31, 2019 [1] Group 2 - From the perspective of fund holdings, Huashang Fund has a significant position in Jieput, with the Huashang Quality Selection Mixed A Fund (014558) holding 20,500 shares, accounting for 1.32% of the fund's net value, making it the sixth-largest holding [2] - The Huashang Quality Selection Mixed A Fund has achieved a year-to-date return of 58.19%, ranking 416 out of 8,154 in its category, and a one-year return of 58.58%, ranking 375 out of 8,025 [2] - The fund manager, Deng Mo, has a tenure of 10 years and 49 days, with the fund's total asset size at 2.044 billion CNY [3]

Core Viewpoint - The stock price of Jieput has shown significant volatility, with a year-to-date increase of 196.94% and a recent decline over the past 20 days, indicating potential market fluctuations and investor sentiment shifts [2]. Company Overview - Jieput, established on April 18, 2006, and listed on October 31, 2019, is located in Longhua District, Shenzhen, Guangdong Province. The company specializes in the research, development, production, and sales of laser devices and intelligent equipment for precision testing and micro-processing related to integrated circuits and semiconductor optoelectronics [2]. - The main revenue composition of Jieput includes: 53.32% from lasers, 38.19% from laser/optical intelligent equipment, 6.61% from other main businesses, 1.81% from fiber optic devices, and 0.07% from other sources [2]. Financial Performance - For the first half of 2025, Jieput achieved an operating income of 881 million yuan, representing a year-on-year growth of 48.34%. The net profit attributable to shareholders was 95.21 million yuan, reflecting a 73.84% increase compared to the previous year [2]. - Since its A-share listing, Jieput has distributed a total of 157 million yuan in dividends, with 96.44 million yuan paid out over the last three years [3]. Shareholder Information - As of June 30, 2025, Jieput had 6,608 shareholders, a decrease of 8.29% from the previous period. The average number of circulating shares per shareholder increased by 9.03% to 14,383 shares [2]. - Notable institutional holdings include Guangfa Technology Innovation Mixed Fund (008638) as the fourth largest shareholder with 3.14 million shares, and Guangfa Value Core Mixed Fund (010377) as the tenth largest shareholder with 859,500 shares, both being new entrants [3].

Core Viewpoint - The company, Jieput, announced a plan for share reduction by key executives due to personal funding needs, which may impact investor sentiment and stock performance [1] Summary by Relevant Sections Share Reduction Plan - Chen Xueping plans to reduce his holdings by up to 2,000 shares, representing no more than 0.002% of the total share capital - Liu Ming intends to reduce his holdings by up to 4,000 shares, accounting for no more than 0.004% of the total share capital - Wu Jianke plans to reduce his holdings by up to 500 shares, which is no more than 0.001% of the total share capital - Liu Meng aims to reduce his holdings by up to 2,750 shares, representing no more than 0.003% of the total share capital - Yang Lang plans to reduce his holdings by up to 1,500 shares, accounting for no more than 0.002% of the total share capital [1][1][1] Implementation Timeline - The reduction plan will be implemented within three months after the announcement, starting 15 trading days post-disclosure - The total number of shares reduced will not exceed 1% of the company's total shares within any continuous 90-day period [1][1][1] Adjustment Clause - The number of shares to be reduced will be adjusted accordingly if there are changes in share capital due to stock dividends, capital reserve transfers, or other share changes during the reduction period [1][1][1]

Core Viewpoint - The company announced that several directors and senior management personnel plan to reduce their shareholdings due to personal financial needs, with specific timelines and quantities outlined [1] Summary by Relevant Sections - **Share Reduction Plan** - Directors and senior management, including Cheng Xueping, Liu Ming, Wu Jianke, Liu Meng, and Yang Lang, intend to reduce their holdings between November 14, 2025, and February 13, 2026 [1] - The maximum number of shares to be sold includes 200 shares, 400 shares, 50 shares, 275 shares, and 150 shares, representing up to 0.002%, 0.004%, 0.001%, 0.003%, and 0.002% of the company's total share capital, respectively [1] - The selling price will be determined based on market conditions and trading methods [1]

董事及高级管理人员持有股份的基本情况 证券代码：688025 证券简称：杰普特 公告编号：2025-043 深圳市杰普特光电股份有限公司 董事及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、准确性和完整性依法承担法律 责任。 重要内容提示： 截至本公告披露日，深圳市杰普特光电股份有限公司（以下简称"公司"） 本次拟减持的董事及高级管理人员持股情况如下： 公司董事、总经理、核心技术人员 CHENG XUEPING（成学平）先生持有公 司股份 8,000 股，占公司总股本的比例为 0.008%；公司董事、副总经理、核心技 术人员刘明先生持有公司股份 16,000 股，占公司总股本的比例为 0.017%；公司 董事会秘书、副总经理吴检柯先生持有公司股份 2,000 股，占公司总股本的比例 为 0.002%；公司研发总监、核心技术人员刘猛先生持有公司股份 11,000 股，占 公司总股本的比例为 0.012%；公司财务总监杨浪先先生持有公司股份 6,000 股， 占公司总股本的比例为 0.006%；上述股份来源为股权激励取 ...

Core Viewpoint - The stock price of Jieput is experiencing fluctuations, with a notable increase of 182.71% year-to-date, but a recent decline in the short term [2]. Company Overview - Jieput, established on April 18, 2006, and listed on October 31, 2019, is located in Longhua District, Shenzhen, Guangdong Province. The company specializes in the research, development, production, and sales of lasers and intelligent equipment for precision testing and micro-processing related to integrated circuits and semiconductor optoelectronics [2]. - The main revenue composition of Jieput includes: lasers (53.32%), laser/optical intelligent equipment (38.19%), other main businesses (6.61%), fiber optic devices (1.81%), and others (0.07%) [2]. Financial Performance - For the first half of 2025, Jieput achieved operating revenue of 881 million yuan, representing a year-on-year growth of 48.34%. The net profit attributable to the parent company was 95.21 million yuan, reflecting a year-on-year increase of 73.84% [2]. - Since its A-share listing, Jieput has distributed a total of 157 million yuan in dividends, with 96.44 million yuan distributed over the past three years [3]. Shareholder Information - As of June 30, 2025, Jieput had 6,608 shareholders, a decrease of 8.29% from the previous period. The average circulating shares per person increased by 9.03% to 14,383 shares [2]. - Notable institutional holdings include: GF Technology Innovation Mixed Fund (008638) as the fourth largest shareholder with 3.14 million shares, and GF Value Core Mixed Fund (010377) as the tenth largest shareholder with 859,500 shares, both being new shareholders [3].

Core Points - The company Jiepte announced the appointment of Mr. Huang Jixin as the new Deputy General Manager [2] Group 1 - The board of directors of Jiepte approved the hiring of Mr. Huang Jixin [2]

Group 1 - The company, Jieput, announced the appointment of Mr. Huang Jixin as the Deputy General Manager to improve management levels and work efficiency, aligning with the company's strategic planning and operational management needs [1] - For the year 2024, Jieput's revenue composition is projected to be 99.95% from the manufacturing of computers, communications, and other electronic devices, with other businesses contributing only 0.05% [1] - As of the report, Jieput's market capitalization stands at 13 billion yuan [1]