上 市 公 司 公 司 研 究 / 公 司 深 度 | 市场数据： | 2026 年 03 月 23 日 | | --- | --- | | 收盘价（元） | 77.67 | | 一年内最高/最低（元） | 111.11/12.80 | | 市净率 | 23.8 | | 股息率%（分红/股价） | 0.08 | | 流通 A 股市值（百万元） | 35,106 | | 上证指数/深证成指 | 3,813.28/13,345.51 | | 注："股息率"以最近一年已公布分红计算 | | | 基础数据: | 2025 年 09 月 30 日 | | --- | --- | | 每股净资产（元） | 3.22 | | 资产负债率% | 42.08 | | 总股本/流通 A 股（百万） | 452/452 | | 流通 B 股/H 股（百万） | -/- | 一年内股价与大盘对比走势： -500% 0% 500% 1000% 03-24 04-24 05-24 06-24 07-24 08-24 09-24 10-24 11-24 12-24 01-24 02-24 仕佳光子 沪深300指数 (收益率) 相关研究 证 ...

Group 1 - The core point of the news is the performance update of the FuGuo Innovation Technology Mixed Securities Investment Fund (FuGuo Innovation Technology Mixed A, code 002692), which reported a net value increase of 3.40% as of March 18 [1][2] - The fund was established on June 16, 2016, with a performance benchmark of 60% CSI TMT Industry Theme Index and 40% CSI All Bond Index yield [1][2] - Since its inception, the fund has achieved a return of 218.90%, with a year-to-date return of 11.62%, a one-month return of 7.85%, a one-year return of 133.11%, and a three-year return of 112.03% [1][2] Group 2 - The fund ranks 25th out of 8170 in its category over the past year [1][2] - The fund manager is Luo Qing, who has managed the fund since July 15, 2025, achieving a return of 97.53% during his tenure [3] - The latest report lists the top ten holdings of the fund, with the largest positions being Zhongji Xuchuang (9.88% holding, 5.43 billion yuan market value) and Xinyi Sheng (9.41% holding, 5.17 billion yuan market value) [4]

Investment Rating - The report maintains a "Buy" rating for the companies involved, specifically highlighting the positive outlook for optical communication and related sectors [3][6]. Core Insights - The report emphasizes the significance of Broadcom's new 400G DSP, which enhances bandwidth density and efficiency for AI data centers, indicating a strong demand for high-performance networking solutions [1][2]. - NewEase's launch of the 448G full-featured DSP optical module is seen as a catalyst for future development, positioning the company strategically within the industry [2]. - The report identifies a trend towards open and decoupled computing networks, suggesting that companies in this space will continue to thrive amid increasing demand for AI-driven solutions [2]. Summary by Sections Industry Overview - The optical communication sector is projected to grow significantly, driven by the increasing bandwidth requirements of AI applications [1][2]. - CSPs (Cloud Service Providers) are expected to dominate capital expenditures, fostering a competitive environment with companies like NVIDIA [2]. Key Companies - NewEase is highlighted as a core recommendation due to its partnership with Broadcom and its innovative product offerings [3]. - Other recommended companies include Zhongji Xuchuang, Youxun Co., Dongtian Micro, Shijia Photonics, Tianfu Communication, and Guangku Technology, which are positioned well within the supply chain [3]. Financial Projections - Financial estimates for key companies show significant growth in EPS, with NewEase projected to reach an EPS of 31.36 yuan by 2027, indicating a strong investment potential [6].

证券代码：688313 证券简称：仕佳光子 公告编号：2026-007 河南仕佳光子科技股份有限公司 关于 2026 年度日常关联交易预计的公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 是否需要提交股东会审议：是。 日常关联交易对上市公司的影响：河南仕佳光子科技股份有限公司（以 下简称"公司"）本次日常关联交易均是公司正常生产经营所必需，定价公允、 结算时间与方式合理，不损害公司及中小股东的利益。公司主要业务不会因此形 成对关联方的依赖，不影响公司的独立性。 一、日常关联交易基本情况 （一）日常关联交易履行的审议程序 2026 年 3 月 9 日，公司召开第四届董事会独立董事第七次专门会议，审议 通过了《关于公司 2026 年度日常关联交易预计的议案》。2026 年度日常关联交 易主要系公司正常生产经营所必需，交易定价遵循公平、公正、公允的市场化原 则，不影响公司的独立性，不存在损害公司和股东利益，特别是中小股东利益的 情况。因此，独立董事专门会议同意《关于公司 2026 年度日常关联交易预计的 议 ...

河南仕佳光子科技股份有限公司 2026年度日常关联交易主要系公司正常生产经营所必需，交易定价遵循公平、 公正、公允的市场化原则，不影响公司的独立性，不存在损害公司和股东利益， 特别是中小股东利益的情况。 我们一致同意《关于公司2026年度日常关联交易预计的议案》，并同意将此 议案提交董事会审议。 表决结果：3票同意，0票反对，0票弃权。 河南仕佳光子科技股份有限公司 独立董事：胡卫升、鲁平、王菲 2026 年 3 月 9 日 第四届董事会独立董事第七次专门会议决议 河南仕佳光子科技股份有限公司（以下简称"公司"）第四届董事会独立董事 第七次专门会议于2026年3月9日在公司会议室以现场结合通讯的方式召开，会议 通知已于2026年3月6日以电子邮件方式送达独立董事。本次会议由全体独立董事 共同推举胡卫升先生担任会议召集人并主持本次会议，会议应到、实到独立董事 3名，本次会议的召集、召开和表决程序符合相关法律法规和《公司章程》的规 定。经与会独立董事审议表决，本次会议形成如下决议： 一、审议通过《关于公司2026年度日常关联交易预计的议案》 ...

Group 1 - The market is expected to maintain a balanced growth and value style as it approaches the "Two Sessions" in March, with sectors sensitive to macro policies like real estate and cyclical industries showing potential for marginal improvement [1] - The market is projected to transition from a policy-driven phase to a fundamental-driven phase by mid to late April, with potential pressure on market sentiment if corporate earnings reports fall short of expectations [1] - Current market conditions indicate ample liquidity and rising policy expectations, making it suitable to moderately position in sectors with safety margins and high sensitivity to policy changes while awaiting new catalysts [1] Group 2 - The recommended stocks for March 2026 include Huaxi Nonferrous Metals, which is expected to benefit from rising tin and antimony prices due to its strong resource endowment and clear growth path [18] - Lu'an Huanneng is highlighted for its high proportion of spot coal sales, which provides good earnings elasticity during coal price upcycles, alongside low current industry inventory levels [18] - Industrial Fulian is noted for its deep ties with leading clients and its role as a core manufacturer for AI server OEMs, with expected high growth rates in earnings [18] Group 3 - Key financial data for the recommended stocks includes Huaxi Nonferrous Metals with an EPS forecast of 2.45 yuan for 2026 and a PE ratio of 26, indicating a strong growth outlook [21] - Lu'an Huanneng is projected to have an EPS of 1.01 yuan for 2026 with a PE ratio of 15, reflecting its favorable valuation [21] - Ningde Times is expected to achieve an EPS of 19.99 yuan for 2026 with a PE ratio of 17, indicating significant growth potential in the power equipment sector [21]

仕佳光子(688313.SH)披露2025年年度业绩快报，公司实现营业收入21.29亿元，同比增加98.12%;实现归 属于上市公司股东的净利润3.42亿元，同比增加426.15%;归属于上市公司股东的扣除非经常性损益的净 利润3.41亿元，同比增加608.10%;基本每股收益0.7559元。 受人工智能发展驱动，数通市场快速增长，公司适应市场需求，产品竞争优势凸显，客户认可度提高。 光芯片和器件、室内光缆、线缆高分子材料的产品订单较上年同期实现不同程度增长。 ...

受人工智能发展驱动，数通市场快速增长，公司适应市场需求，产品竞争优势凸显，客户认可度提高。 光芯片和器件、室内光缆、线缆高分子材料的产品订单较上年同期实现不同程度增长。 智通财经APP讯，仕佳光子(688313.SH)披露2025年年度业绩快报，公司实现营业收入21.29亿元，同比 增加98.12%;实现归属于上市公司股东的净利润3.42亿元，同比增加426.15%;归属于上市公司股东的扣除 非经常性损益的净利润3.41亿元，同比增加608.10%;基本每股收益0.7559元。 ...

证券日报网讯 2月27日，仕佳光子发布2025年年度业绩快报公告称，公司2025年实现营业收入212889.48 万元，同比增长98.12%；归属于上市公司股东的净利润34164.38万元，同比增长426.15%。 （文章来源：证券日报） ...

Group 1: Company Performance - Cambrian achieved a net profit of 2.059 billion yuan in 2025, turning a profit due to a significant increase in revenue, which reached 6.497 billion yuan, a 453.21% increase year-on-year [1] - Muxi reported a total revenue of 1.644 billion yuan in 2025, a 121.26% increase, with net losses narrowing by 44.53% to 781.45 million yuan [2] - Moer Thread's revenue grew by 243.37% to 1.506 billion yuan in 2025, with net losses reduced by 36.70% to 1.024 billion yuan [3] - Lingdian Electric Control's net profit increased by 745.02% to 135 million yuan, despite a slight revenue decrease of 0.17% to 1.194 billion yuan [4] - JinkoSolar reported a net loss of 6.786 billion yuan in 2025, a decrease of 6,959.50%, with total revenue falling by 29.18% to 65.492 billion yuan [16] Group 2: Corporate Actions - Huicheng is planning to issue H-shares and list on the Hong Kong Stock Exchange, with details still under discussion [5] - Zhongying Technology is planning to acquire at least 51% of Yingzhong Electric, which is expected to constitute a major asset restructuring [7] - Jierong Technology's actual controller is under investigation for suspected violations of information disclosure laws [6] Group 3: Market and Industry Trends - The AI industry is driving demand for computing power, benefiting companies like Cambrian and Moer Thread, which are expanding their market presence [1][3] - Muxi's GPU product shipments have significantly increased, reflecting strong market recognition and demand [2] - The global photovoltaic industry is facing price fluctuations and trade protection policies, impacting JinkoSolar's profitability [16]