证券之星消息，1月7日通信设备板块较上一交易日上涨1.6%，德科立领涨。当日上证指数报收于 4085.77，上涨0.05%。深证成指报收于14030.56，上涨0.06%。通信设备板块个股涨跌见下表： 从资金流向上来看，当日通信设备板块主力资金净流入42.06亿元，游资资金净流出27.56亿元，散户资金 净流出14.5亿元。通信设备板块个股资金流向见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 002792 通宇通讯 | | 11.54 Z | 21.00% | -7.11 亿 | -12.94% | -4.43 Z | -8.05% | | 600105 | 永鼎股份 | 5.69 Z | 8.22% | -1.86亿 | -2.69% | -3.83 Z | -5.54% | | 300502 | 新易盛 | 5.63 亿 | 4.40% | -5.62 Z | -4.39% | -84.76万 | ...

Core Viewpoint - The F5G concept sector experienced a decline of 0.21%, ranking among the top losers in the market, with notable declines in stocks such as StarNet Ruijie, Cambridge Technology, and Changxin Bochuang [1][2] Market Performance - The F5G concept sector saw a net outflow of 5.795 billion yuan, with 22 stocks experiencing net outflows, and 10 stocks seeing outflows exceeding 100 million yuan [2] - The stock with the highest net outflow was Zhongji Xuchuang, with a net outflow of 2.578 billion yuan, followed by Changxin Bochuang, Cambridge Technology, and Fenghuo Communication [2] Top Gainers and Losers - Among the F5G concept stocks, the top gainers included Zhenyou Technology, Tongyu Communication, and CITIC Heavy Industries, with increases of 6.17%, 3.38%, and 2.13% respectively [1][2] - The top losers in the F5G sector included Zhongji Xuchuang (-2.93%), Changxin Bochuang (-3.55%), and Cambridge Technology (-4.36%) [2][3] Capital Flow Analysis - The main capital inflows in the F5G concept stocks were observed in Zhenyou Technology, Zhao Chi Shares, and Dekeli, with inflows of 134 million yuan, 114 million yuan, and 6.307 million yuan respectively [2][3] - The overall trend indicates a significant capital outflow from the F5G sector, highlighting potential concerns among investors [2]

Group 1: Industry Overview - The deployment and expansion of 5G networks are significantly driving the demand for high-speed optical modules, which are essential for data transmission in 5G networks [1] - Different scenarios such as front-haul and mid-haul require differentiated transmission performance, pushing optical modules towards higher speeds to support emerging services like HD video and industrial IoT [1] - The global 5G base station deployment is projected to reach 6.376 million by 2024, a year-on-year increase of 23.3%, with a forecast of 8.5 million by 2025 [1] Group 2: Company Developments - Zhongji Xuchuang is the only global manufacturer to achieve mass production of 400G/800G silicon optical modules, with a high yield of 95% for its self-developed 1.6T silicon optical module [4] - NewEase focuses on integrating silicon photonics and LPO technology, with significant orders from Meta and Amazon for its 800G LPO silicon optical modules [4] - Coherent maintains a strong market share in 800G optical modules and is collaborating with Lumentum to develop next-generation solutions [4] Group 3: Competitive Landscape - The Chinese optical module industry is in a high-growth phase, with competitors categorized into three tiers based on revenue, with Zhongji Xuchuang leading the first tier with over 20 billion in revenue [5] - The competitive landscape is characterized by diverse technological routes and differentiated core advantages among leading companies, with a focus on self-research and global expansion [7] - Companies like Cambridge Technology and Guangxun Technology leverage vertical integration to enhance their product offerings and market responsiveness [7] Group 4: Technological Advancements - Companies are advancing in the 800G/1.6T high-end product space, with Zhongji Xuchuang showcasing its 3nm 1.6T OSFP series products at OFC2025 [8] - NewEase has entered mass production with its automated production lines in Thailand, focusing on high-end products and optimizing supply chain responsiveness [8] - Huagong Technology is enhancing its production capabilities and expanding its delivery network to meet the growing demand for 800G and 1.6T products [8]

Group 1 - The CPO concept in the A-share market experienced a widespread decline, with several companies showing significant drops in their stock prices [1] - Guangku Technology fell over 5%, while Taicheng Light, Cambridge Technology, and Tianfu Communication dropped more than 4% [1] - Dekeli, Zhongfu Circuit, Founder Technology, Zhongji Xuchuang, Jingwang Electronics, and Xinyi Sheng all saw declines exceeding 3% [1]

Core Viewpoint - The stock of Dekoli has experienced significant fluctuations, with a year-to-date increase of 104.64% but a recent decline of 7.49% over the last five trading days, indicating volatility in investor sentiment and market conditions [2]. Financial Performance - For the period from January to September 2025, Dekoli reported a revenue of 652 million yuan, representing a year-on-year growth of 8.59%. However, the net profit attributable to shareholders decreased by 47.43% to 40.11 million yuan [3]. - Since its A-share listing, Dekoli has distributed a total of 158 million yuan in dividends [4]. Stock Market Activity - As of December 29, Dekoli's stock price was 142.57 yuan per share, with a market capitalization of 22.567 billion yuan. The trading volume was 9.62 billion yuan, with a turnover rate of 4.19% [1]. - The stock has appeared on the "Dragon and Tiger List" seven times this year, with the most recent appearance on December 9, where it recorded a net purchase of 353 million yuan [2]. Shareholder Structure - As of September 30, 2025, Dekoli had 17,300 shareholders, an increase of 81.68% from the previous period. The average number of circulating shares per shareholder decreased by 2.48% to 9,163 shares [3]. - Notable changes in institutional holdings include an increase in shares held by Zhonghang Opportunity Leading Mixed Fund and new entries from several funds, indicating growing institutional interest [4]. Business Overview - Dekoli, established on January 31, 2000, and listed on August 9, 2022, specializes in the research, production, and sales of optical transceiver modules, optical amplifiers, and optical transmission subsystems. Its products are primarily used in key national development areas such as communication trunk transmission and 5G applications [2]. - The company's revenue composition is 75.33% from transmission-related products, 23.54% from access and data products, and 1.13% from other sources [2].

Group 1 - The CPO concept stocks in the A-share market have declined, with notable drops in several companies [1] - Robotech has fallen over 6%, while Lantech and Shijia Photon have decreased by more than 5% [1] - Dekoli has dropped nearly 5%, and other companies like Changxin Bochuang, Jingwang Electronics, Juguang Technology, and Huamao Technology have seen declines of over 3% [1]

Summary of Key Points Core Viewpoint - On December 25, a total of 15 stocks from the Sci-Tech Innovation Board (STAR Market) experienced block trading, with a cumulative transaction amount of 287 million yuan and a total trading volume of 4.1073 million shares [1]. Group 1: Trading Overview - The stock with the highest transaction amount was Tuojing Technology, with a trading volume of 310,000 shares and a transaction amount of 108 million yuan [1]. - Other notable transactions included Laplace and Haiguang Information, with transaction amounts of 60.86 million yuan and 42.79 million yuan, respectively [1]. - All stocks involved in block trading were sold at a discount, with the highest discount rates observed in Hechuan Technology, Times Electric, and Guoxin Technology, at 25.79%, 20.15%, and 18.89% respectively [1]. Group 2: Price Performance - The STAR 50 Index fell by 0.23% on the same day, while 439 stocks (73.41%) on the STAR Market saw an increase [1]. - The average increase for stocks involved in block trading was 2.25%, with the largest gains seen in Aerospace Software, Guobo Electronics, and Hechuan Technology, which rose by 10.46%, 8.67%, and 7.86% respectively [1]. - Conversely, the largest declines were recorded by Canxin Co., Dekeli, and Huaguang New Materials, with decreases of 1.95%, 1.81%, and 0.87% respectively [1]. Group 3: Institutional Participation - Among the block trades, there were 5 transactions involving institutional buyers or sellers, with the highest buying amounts in Tuojing Technology, Haiguang Information, and Dekeli, at 108 million yuan, 21.384 million yuan, and 13.2 million yuan respectively [2]. - The leading selling amount was from Guobo Electronics, totaling 3.5615 million yuan [2]. - In terms of capital flow, 7 stocks experienced net inflows, with Haiguang Information, Dekeli, and Guobo Electronics leading with net inflows of 170 million yuan, 39.3281 million yuan, and 28.2074 million yuan respectively [2].

进一步统计，近3个月内该股累计发生53笔大宗交易，合计成交金额为2.17亿元。 证券时报·数据宝统计显示，德科立今日收盘价为152.80元，下跌1.81%，日换手率为9.14%，成交额为 22.23亿元，全天主力资金净流入3932.81万元，近5日该股累计下跌5.75%，近5日资金合计净流入3.67亿 元。 12月25日德科立大宗交易一览 德科立12月25日大宗交易平台出现一笔成交，成交量10.00万股，成交金额1320.00万元，大宗交易成交 价为132.00元，相对今日收盘价折价13.61%。该笔交易的买方营业部为机构专用，卖方营业部为国泰海 通证券股份有限公司无锡湖滨路证券营业部。 两融数据显示，该股最新融资余额为11.22亿元，近5日增加1.17亿元，增幅为11.66%。 据天眼查APP显示，无锡市德科立光电子技术股份有限公司成立于2000年01月31日，注册资本 15828.5329万人民币。（数据宝） | 成交量 | 成交金额 | 成交价格 | 相对当日收盘折溢 | 买方营 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | | （万股） | （万元） ...

12月25日，德科立大宗交易成交10万股，成交额1320万元，占当日总成交额的0.59%，成交价132元， 较市场收盘价152.8元折价13.61%。 | 交易日期 | 证券简称 | 证券代码 | 成交价(元) 成交金额(万元) 成交量( *) 买入营业部 | | 卖出营业部 | 是否为专场 | | --- | --- | --- | --- | --- | --- | --- | | 2025-12-25 | 德科立 | 688205 | 132 1320 10 | 机构专用 | 费商公司是多感度 | Ka | ...

Group 1 - The core transaction on December 23 involved a block trade of 100,000 shares of Dekoli, with a transaction value of 13.50 million yuan, at a price of 135.00 yuan, representing a discount of 14.56% compared to the closing price of the day [2] - In the last three months, Dekoli has recorded a total of 52 block trades, with a cumulative transaction value of 204 million yuan [3] - The closing price of Dekoli on the day of the transaction was 158.00 yuan, reflecting an increase of 2.52%, with a daily turnover rate of 12.24% and a total trading volume of 3.004 billion yuan, indicating a net inflow of 210 million yuan in main funds for the day [3] Group 2 - The latest margin financing balance for Dekoli is 1.023 billion yuan, which has decreased by 183 million yuan over the past five days, representing a decline of 15.15% [4] - Dekoli was established on January 31, 2000, with a registered capital of 1.58285329 billion yuan [4]