CPO、液冷服务器等AI产业链股7日盘中走势强劲，截至发稿，太辰光20%涨停创出新高，仕佳光子涨 约18%，博创科技、东田微涨超12%，德明利、海得控制、星网锐捷等均涨停。 消息面上，北京时间1月7日上午，英伟达创始人兼CEO黄仁勋在"科技春晚"CES2025发表主题演讲，推 出最新的消费级GPUGeForceRTX50系列。该系列采用英伟达Blackwell架构，主要面向游戏玩家、创作 者和开发者，在AI驱动渲染方面取得突破。会上黄仁勋称Blackwell已全面投产，所有主要云服务提供 商均已建立系统，提供约200种不同型号和配置，来自约15家硬件制造商 此外，市场预计英伟达或将于2025年3月的GTC大会揭露GB300产品线，Semianalysis预计GB300将在 GB200推出的6个月后面世。GB200于2024年四季度少量发货，2025年一季度逐季放量，预计GB300的 芯片出货时间在2025年年中，芯片版本更新迭代的速度加快。同时，GB300或将成为Blackwell系列的主 力产品。 浙商证券建议关注GB300升级带来的投资机会，主要体现在光模块、散热、电源、铜连接、测试、PCB 等环节。光模 ...

《科创板日报》3日讯，仕佳光子公告，公司拟使用自筹资金5000万美元在新加坡投资设立全资子公 司，主要从事光芯片及器件、室内光缆产品以及母公司的其它产品的研发、生产、销售、服务、技术咨 询等业务。 此外，公司拟将泰国子公司99.9996%股权转让给新加坡子公司，并通过新加坡子公司向泰国子公司增 加注册资本不超过5000万美元，用于建设泰国产业园区项目。 ...

第16页 / 共36页 本报告版权属于中原证券股份有限公司 www.ccnew.com 请阅读最后一页各项声明 疗、消费电子和车载激光雷达等更广阔的应用领域。 图 19：北美四大云厂商资本开支 -20% 0% 20% 40% 60% 80% 0 50 100 150 200 250 （亿美元） 亚马逊 谷歌 微软 Meta 合计YoY(%) 合计QoQ(%) 生成式 AI 推动数据中心规模增加。互联网及云计算的普及推动数据中心快速发展，全球 互联网业务及应用数据处理集中在数据中心进行，使得数据流量迅速增长，而数据中心需内部 处理的数据流量远大于需向外传输的数据流量，使得数据处理复杂度不断提高。根据 Synergy Research 的数据，超大规模供应商运营的大型数据中心数量在 2024 年初超过千个大关，超大 规模数据中心的总容量四年翻了一番，因为设施数量迅速增长，平均容量继续攀升。以关键 IT 负载的兆瓦数衡量，美国占全球容量的 51%，欧洲占比 17%，我国占比约 16%。生成式 AI 技 术是规模增加的主要原因。 通信设备 我国云计算产业持续景气，云计算厂商建设大型及超大型数据中心不断加速。据中国信通 ...

分析师：唐俊男 登记编码：S0730519050003 tangjn@ccnew.com 021-50586738 研究助理：李璐毅 lily2@ccnew.com 021-50586278 通信设备 毛利率显著提高，AWG 订单充足 ——仕佳光子(688313)季报点评 | --- | --- | --- | |----------------------------------------|-----------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

这家光芯片供应商三季报毛利率显著回升，数通光模块用AWG组件订单已持续到2025年上半年，硅光 领域CW光源已向多家头部厂家送样验证。 调研要点： ①这家光芯片供应商三季报毛利率显著回升，数通光模块用AWG组件订单已持续到2025年上半年，硅 光领域CW光源已向多家头部厂家送样验证； ②风险提示：调研内容仅为机构与上市公司间的业务交流，不构成投研观点，信息以上市公司公告和分 析师公开报告为准。 仕佳光子在10月18日举行的业绩说明会上表示，2024年第三季度公司营业收入28040.14万元，比上年 同期增加32.74%；净利润2425.27万，比上年同期增加344.53%；扣非净利润2096.13万，比上年同期 增加255.69%。 调研过程中，公司表示，受AI带动，光模块需求旺盛，公司数通光模块用AWG组件产能利用率较高， 2024年第四季度订单充足，部分客户订单已持续到2025年上半年。此外，硅光领域，公司CW光源已 经向国内外多家头部光模块厂家送样验证，目前在等待可靠性验证结果。 天风证券分析师认为，公司在无源+有源的光芯片布局，三季报公司毛利率显著回升，CW光源、AWG 以及平行光组件、光纤连接器等产 ...

编号：2024-002 证券代码：688313 证券简称：仕佳光子 河南仕佳光子科技股份有限公司投资者关系活动记录表 | --- | --- | --- | --- | |----------------|---------------------|-----------------------------------|---------------------------------------| | | □ | 特定对象调研 □分析师会议 | | | 投 资 者 关 系 | □ | 媒体采访 □业绩说明会 | | | | □ | 新闻发布会 □路演活动 | | | 活动类别 | □ 现场参观 | | | | | 其他（ 2024 | 年三季度业绩交流会） | | | 参 与 单 位 名 | 见附件 | | | | 称 | | | | | 时间 | 2024 年 10 月 | 18 日 10:00-11:00、14:00-15:00 | | | 地点 | 电话调研 | | | | | 序号 | 接待人员职务 | 接待人员姓名 | | 上 市 公 司 接 | 1 | 董事、副总经理 | 黄永光 | | 待人员 ...

公司报告 | 季报点评 收入延续高增，盈利能力显著提升 受益光芯片等产品持续快速增长，业绩同比大幅改善 公司发布 2024 年三季报，2024 年前三季度实现营业收入 7.29 亿元，同比 增长 35%，归母净利润 3621 万元，同比增长 231%。3Q 单季实现营业收入 2.8 亿元，同比增长 33%、环比增长 12%，归母净利润 2425 万元，同比增 长 345%、环比增长 590%。增长主要来自公司不断丰富数通和 AI 等高速光 通信产品线，AWG 相关产品、DFB 相关产品、光纤连接器等业务订单量持 续较快增长，协同业务室内光缆和线缆高分子材料等也有不同程度增长。 延续半年增长趋势，盈利能力显著提升 上半年 AWG 收入同比增长 104%、DFB 收入同比增长 62%，预计 3Q 单季 营收增长趋势延续半年情况。3Q 单季综合毛利率 29%，同比提升 7.3 个点、 环比提升 5.5 个点，单季净利润率 8.65%，同比提升 13.35 个点，环比提升 7.25 个点，营业收入同比增加，公司持续加强降本增效工作，不断提升研 发成本的精细化管控能力，通过技术创新等手段，提高产品良率，降低产 品成本， ...

各位投资者 券商的朋友 大家早上好欢迎来到释迦光子三级报的电话交流会我是分析师李明冲昨晚发布的三级报其实公司也展现了非常亮眼的业绩不管是毛利率还是利润的情况都变化比较大 那今天呢我们也很荣幸能邀请到社交官网的三位领导副总经理黄博士财务总监赵总董事会秘书梅总给我们介绍公司三季度的一个情况那目前在线上的呢主要是咱们梅总 后续黄博士和赵总呢也会陆续上线那迟不宜迟那我们可今天也先分两个环节第一个环节呢也是请公司领导梅总给我们介绍一下公司三季度的一个经营情况那后续呢我们再开放问答环节梅总有请 好的好的谢谢谢谢李总大家好我是释迦光子的董秘美雪首先非常感谢国泰金安然后为公司提供这次与市场交流的机会也非常感谢各位投资者长期以来对公司的关注 首先我向各位领导汇报一下释迦光子的基本情况释迦光子是成立于2010年10月份于2020年的8月份登陆的科创板市场公司聚焦光通信行业主流业务覆盖光通光芯片及器件室内光缆 线缆材料三大板块接下来我向各位再汇报一下释迦光子三季度的经营情况 公司2024年前三季度实现营业收入是7.29亿同比增长34.7%第三季度实现营收是2.8亿同比增长32.74% 前三季度实现归属于上任公司股东的利润净利润是3 ...

股 票 研 究 公 司 更 新 报 告 证 券 研 究 报 告 国泰君安版权所有发送给上海东方财富金融数据服务有限公司.东财接收研报邮箱.ybjieshou@eastmoney.com p1 股票研究 /[Table_Date] 2024.10.18 ——2024 年三季报点评 | --- | |-----------------------------------| | | | [table_Authors] 王彦龙 ( 分析师 ) | | 010-83939775 | | wangyanlong@gtjas.com | | 登记编号 S0880519100003 | | --- | --- | |----------------------|-------| | | | | 黎明聪 ( 分析师 ) | | | 0755-23976500 | | | limingcong@gtjas.com | | | S0880523080008 | | 本报告导读： 维持盈利预测和目标价，维持增持评级；业绩符合预期，盈利改善显著。高端光芯 片业务推进，泰国子公司开始投产。 投资要点： [Table_Summary] 维 ...

Revenue and Profit Growth - Revenue for the third quarter reached 280.40 million yuan, a year-on-year increase of 32.74%[4] - Net profit attributable to shareholders of the listed company was 24.25 million yuan, a significant increase of 344.53% compared to the same period last year[4] - The company's revenue growth was driven by increased product offerings in data centers and AI computing, as well as growth in orders for AWG-related products, DFB-related products, and fiber connectors[9] - The company's net profit growth was attributed to increased revenue, cost reduction, and improved product yield through technological innovation[9] - Total operating revenue for the first three quarters of 2024 reached 729,306,738.13 RMB, a significant increase from 541,138,506.89 RMB in the same period of 2023[19] - Net profit for the first three quarters of 2024 was 36,209,033.27 RMB, compared to a net loss of 27,639,748.66 RMB in the same period of 2023[20] - Basic earnings per share for the first three quarters of 2024 were 0.0801 RMB, compared to a loss of 0.0609 RMB per share in the same period of 2023[21] - Total comprehensive income for the first three quarters of 2024 was 38,076,254.43 RMB, compared to a loss of 27,116,613.87 RMB in the same period of 2023[21] R&D and Innovation - R&D investment for the quarter was 26.22 million yuan, accounting for 9.35% of the revenue, a decrease of 4.87 percentage points year-on-year[5] - R&D expenses for the first three quarters of 2024 were 80,087,183.57 RMB, slightly higher than 79,318,006.49 RMB in the same period of 2023[19] Financial Position and Assets - Total assets as of the end of the reporting period were 1.63 billion yuan, an increase of 10.27% compared to the end of the previous year[5] - Total assets reached 1.63 billion yuan, up 10.3% from 1.48 billion yuan at the end of 2023[16] - Current assets totaled 1.04 billion yuan, a 10.6% increase from 938.29 million yuan at the end of 2023[16] - Fixed assets grew to 491.04 million yuan, up 10.6% from 443.97 million yuan at the end of 2023[16] - Monetary funds increased to 330.40 million yuan, up 22.3% from 270.06 million yuan at the end of 2023[15] - Prepayments rose to 11.28 million yuan, a 63.2% increase from 6.91 million yuan at the end of 2023[15] - Other current assets grew to 7.36 million yuan, up 507.9% from 1.21 million yuan at the end of 2023[16] - Long-term prepaid expenses increased to 8.58 million yuan, up 105.4% from 4.18 million yuan at the end of 2023[16] - Deferred tax assets decreased to 18.21 million yuan, down 13.6% from 21.07 million yuan at the end of 2023[16] - Total assets as of Q3 2024 were 1,628,938,308.90 RMB, compared to 1,477,177,944.58 RMB in the same period of 2023[18] Liabilities and Equity - Total liabilities as of Q3 2024 were 460,410,002.44 RMB, up from 342,439,145.96 RMB in the same period of 2023[17] - Total equity attributable to the parent company as of Q3 2024 was 1,168,528,306.46 RMB, compared to 1,134,738,798.62 RMB in the same period of 2023[18] - Accounts payable increased to 151,954,338.80 RMB in Q3 2024 from 106,894,264.02 RMB in the same period of 2023[17] Cash Flow and Liquidity - The company's operating cash flow for the first three quarters was 3.66 million yuan, a decrease of 90.80% compared to the same period last year[4] - Sales revenue from goods and services received in cash increased to RMB 503.33 million in the first three quarters of 2024, up from RMB 358.57 million in the same period of 2023[22] - Total cash inflows from operating activities reached RMB 526.92 million in the first three quarters of 2024, compared to RMB 410.69 million in the same period of 2023[23] - Cash outflows for purchasing goods and accepting services rose to RMB 305.62 million in the first three quarters of 2024, up from RMB 149.83 million in the same period of 2023[23] - Net cash flow from operating activities decreased to RMB 3.66 million in the first three quarters of 2024, down from RMB 39.71 million in the same period of 2023[23] - Cash inflows from investment activities totaled RMB 267.84 million in the first three quarters of 2024, compared to RMB 1.05 billion in the same period of 2023[23] - Cash outflows for investments were RMB 135 million in the first three quarters of 2024, down from RMB 970 million in the same period of 2023[23] - Net cash flow from investment activities increased to RMB 70.72 million in the first three quarters of 2024, up from RMB 51.22 million in the same period of 2023[23] - Net cash flow from financing activities was negative RMB 14.05 million in the first three quarters of 2024, compared to negative RMB 27.08 million in the same period of 2023[24] - The net increase in cash and cash equivalents was RMB 58.65 million in the first three quarters of 2024, down from RMB 69.56 million in the same period of 2023[24] - The ending balance of cash and cash equivalents stood at RMB 319.70 million as of September 2024, up from RMB 229.88 million in the same period of 2023[24] Inventory and Accounts Receivable - Inventory increased to 243.32 million yuan, up 65.0% compared to 147.48 million yuan at the end of 2023, mainly due to increased raw material stockpiling for expanded production and sales[15] - Accounts receivable rose to 337.86 million yuan, a 41.3% increase from 239.06 million yuan at the end of 2023[15] Non-Recurring Items and Other Income - The company's non-recurring gains and losses for the quarter amounted to 3.29 million yuan, primarily from government subsidies and investment income[7] - Other comprehensive income for the first three quarters of 2024 was 1,867,221.16 RMB, up from 523,134.79 RMB in the same period of 2023[20] Earnings and Return on Equity - Basic earnings per share for the quarter were 0.0537 yuan, a year-on-year increase of 345.21%[4] - The company's weighted average return on equity for the quarter was 2.10%, an increase of 2.95 percentage points year-on-year[4]