Group 1 - The core point of the article highlights the performance of the 中证2000ETF嘉实 (159535), which has seen a decline of 0.85% to 1.394 yuan with a trading volume of 707,800 yuan as of the midday close on December 11 [1] - The fund's performance benchmark is the 中证2000 index return, managed by 嘉实基金管理有限公司, with a return of 40.77% since its establishment on September 14, 2023, and a return of -0.98% over the past month [1] Group 2 - The top holdings of 中证2000ETF嘉实 include 华胜天成, which fell by 1.43%, 汉威科技 down by 1.45%, 海立股份 down by 0.87%, and 仕佳光子 up by 4.94% [1] - Other notable stock movements include 东土科技 down by 1.68%, 每日互动 down by 2.23%, 宏创控股 up by 2.48%, 炬光科技 down by 2.01%, 永鼎股份 up by 9.98%, and 美湖股份 down by 1.41% [1]

Group 1 - The CPO concept has become active again, with notable stock performance in the sector [1] - Fuxin Technology reached the daily limit increase, indicating strong investor interest [1] - Saiwei Electronics and Xinyisheng both hit historical highs during the trading session [1] Group 2 - Other companies such as Shijia Photon, Guangku Technology, Changfei Optical Fiber, and Tengjing Technology also showed significant gains [1]

Core Insights - The total margin financing balance on the STAR Market decreased by 8.63 billion yuan, with a notable reduction in both financing and securities lending balances [1][2] Financing Balance Summary - As of December 10, the total financing balance on the STAR Market was 2598.90 billion yuan, down by 8.42 billion yuan from the previous trading day [1] - The highest financing balance was recorded for Cambrian (寒武纪) at 14.78 billion yuan, followed by SMIC (中芯国际) at 13.02 billion yuan and Haiguang Information (海光信息) at 7.95 billion yuan [1] - A total of 268 stocks saw an increase in financing balance, while 320 stocks experienced a decrease [1] - The stocks with the largest increases in financing balance were Changguang Huaxin (长光华芯) at 17.32%, Holley (霍莱沃) at 13.47%, and Shijia Photon (仕佳光子) at 12.87% [1][2] Securities Lending Balance Summary - The total securities lending balance was 8.88 billion yuan, a decrease of 21.61 million yuan from the previous trading day [1] - Cambrian also led in securities lending balance at 4.2 million yuan, followed by Haiguang Information and SMIC at 2.6 million yuan and 2.6 million yuan respectively [2] - 112 stocks saw an increase in securities lending balance, while 164 stocks experienced a decrease [2] - The stocks with the largest increases in securities lending balance were Medisi (美迪西) at 248.28%, Tiancheng Technology (天承科技) at 68.29%, and Jucheng Co. (聚辰股份) at 59.42% [2]

Core Viewpoint - CPO (Chip-Package-Optical) technology is emerging as a key direction for high-speed optical modules, leveraging the advantages of "chip and optical engine co-packaging" to become a core area for next-generation optical communication devices [1] Company Highlights - **特发信息 (Tefa Information, 000070.SZ)**: Latest stock price at 14.85 CNY, with a daily increase of +10.00%. The subsidiary has CPO platform design capabilities and high-precision packaging technology applicable for CPO packaging [1] - **联特科技 (Liante Technology, 301205.SZ)**: Latest stock price at 143.60 CNY, with a daily increase of +7.24%. Focused on optical communication transceiver modules, mastering design and manufacturing capabilities from optical chips to optical modules [1] - **长芯博创 (Changxin Bochuang, 300548.SZ)**: Latest stock price at 143.82 CNY, with a daily increase of +7.09%. An integrated circuit electronic device company that has released external light source modules for CPO and is developing photonic technology-related products [1] - **德科立 (Dekeli, 688205.SH)**: Latest stock price at 172.90 CNY, with a daily increase of +4.78%. A light transmission company with R&D plans covering 800G and CPO high-speed miniaturized optical transceiver module technology solutions [1] - **华工科技 (Huagong Technology, 000988.SZ)**: Latest stock price at 83.20 CNY, with a daily increase of +3.53%. A photonics company with vertical integration capabilities, establishing a research institute to focus on CPO and LPO technologies [1] - **光迅科技 (Guangxun Technology, 002281.SZ)**: Latest stock price at 68.55 CNY, with a daily increase of +3.24%. A global supplier of photonic devices that has already laid out CPO technology and completed silicon photonic integration packaging technology development [1] - **新易盛 (Xinyi Sheng, 300502.SZ)**: Latest stock price at 432.26 CNY, with a daily increase of +3.13% [1] - **中天科技 (Zhongtian Technology, 600522.SH)**: Latest stock price at 17.22 CNY, with a daily increase of +2.99%. Advancing CPO co-packaging optical technology and has mastered high-speed optical module packaging capabilities [2] - **炬光科技 (Juguang Technology, 688167.SS)**: Latest stock price at 170.89 CNY, with a daily increase of +2.45%. Acquired SMO technology applicable for efficient collimation and coupling of laser light sources in CPO [2] - **源杰科技 (Yuanjie Technology, 688498.SH)**: Latest stock price at 691.66 CNY, with a daily increase of +2.39%. Has laser product reserves for CPO, with CW high-power laser technology applicable in the CPO field [2] - **光库科技 (Guangku Technology, 300620.SZ)**: Latest stock price at 172.58 CNY, with a daily increase of +2.20%. Launched high-density, high polarization-maintaining fiber array collimators for CPO applications [2] - **仕佳光子 (Shijia Photonics, 688313.SH)**: Latest stock price at 96.10 CNY, with a daily increase of +2.13%. Products like high-power laser chips can be used for CPO packaging [2] - **亨通光电 (Hengtong Optic-Electric, 600487.SH)**: Latest stock price at 20.75 CNY, with a daily increase of +1.72%. One of the earliest companies to layout CPO optoelectronic co-packaging, previously launched a 3.2T CPO working prototype [2] - **聚飞光电 (Jufei Optoelectronics, 300303.SZ)**: Latest stock price at 7.12 CNY, with a daily increase of +1.71%. The company's invested subsidiary has silicon optical chips applicable for CPO [2] - **中际旭创 (Zhongji Xuchuang, 300308.SZ)**: Latest stock price at 616.00 CNY, with a daily increase of +1.65%. A leading optical module company, with CPO as one of its key evolution directions, already has R&D and layout in place [3]

Core Insights - The article reports a block trade of 81,200 shares of Shijia Photon on December 8, with a transaction value of 5.6011 million yuan and a transaction price of 68.96 yuan, representing a discount of 26.14% compared to the closing price of the day [2] Group 1: Trading Activity - The block trade involved a total volume of 81,200 shares and a transaction amount of 5.6011 million yuan [2] - The transaction price was 68.96 yuan, which is 26.14% lower than the closing price of 93.36 yuan on the same day [2] - Both the buyer and seller of the block trade were from the Gansu branch of CITIC Securities Co., Ltd [2] Group 2: Stock Performance - On the day of the report, Shijia Photon’s stock closed at 93.36 yuan, marking an increase of 8.31% [2] - The stock had a turnover rate of 7.75% and a total trading volume of 3.259 billion yuan, with a net inflow of main funds amounting to 45.591 million yuan [2] - Over the past five days, the stock has increased by 18.79%, with a total net inflow of funds reaching 520 million yuan [2] Group 3: Margin Trading Data - The latest margin financing balance for Shijia Photon is 1.05 billion yuan, which has decreased by 22.9997 million yuan over the past five days, reflecting a decline of 2.14% [2] Group 4: Company Background - Shijia Photon Technology Co., Ltd. was established on October 26, 2010, with a registered capital of 4.58802328 billion yuan [2]

| 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 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 025-12-08 | 仕佳光子 | 688313 | 68.96 560.11 | 8.12 | 中值建制语需劈控 | 安蘭嬰將皆幫劈毀 | | ка | 12月8日，仕佳光子大宗交易成交8.12万股，成交额560.11万元，占当日总成交额的0.17%，成交价68.96 元，较市场收盘价93.36元折价26.14%。 ...

天眼查商业履历信息显示，河南仕佳光子科技股份有限公司，成立于2010年，位于鹤壁市，是一家以从 事计算机、通信和其他电子设备制造业为主的企业。企业注册资本45880.2328万人民币，实缴资本 45880.2328万人民币。公司法定代表人为葛海泉。 通过天眼查大数据分析，河南仕佳光子科技股份有限公司共对外投资了11家企业，参与招投标项目69 次，知识产权方面有商标信息8条，专利信息143条，此外企业还拥有行政许可40个。 来源：市场资讯 资金流向方面，今日主力资金净流入3823.57万元，占比成交额1.17%。其中，超大单净流入1.61亿元、 占成交额4.95%，大单净流出12316.58万元、占成交额3.78%，中单净流出流入1305.91万元、占成交额 0.4%，小单净流出5129.49万元、占成交额1.57%。 仕佳光子最新一期业绩显示，截至2025三季报，公司营业总收入15.60亿元、同比增长113.96%，归属净 利润3.00亿元，同比增长727.74%，扣非净利润2.97亿元，同比增长1210.13%，流动比率1.756、速动比 率1.144、资产负债率42.08%。 据交易所数据显示，截至202 ...

今早，开盘第1个小时，CPO板块成交达到了约1100亿元，而整个板块几乎是全线上扬，板块指数涨幅 超过5%。其中，天孚通信更是一度20%封板，东田微20%封死涨停，源杰科技涨超10%，长光华芯、仕 佳光子、中际旭创、永鼎股份涨超7%，股价均创出历史新高。"易中天"再加胜宏科技早盘成交超过400 亿元。分析人士认为，一方面，当下，年报进入预热期，算力板块业绩相对确定，可能有资金提前抢 路；另一方面，近期算力利好不断，除谷歌外，亚马逊又发布Trainium3，基于3纳米制程打造，性能较 Trainium2提升4倍，能效提升40%。泡沫论也被打破。（券商中国） ...

| 688313 仕佳光子 | | +7.67% | 92.81 | | --- | --- | --- | --- | | 688662 | 富信科技 | +7.62% | 43.62 | | 688195 | 腾景科技 | +6.87% | 172.81 | | 300812 | 易天股份 | +6.50% | 28.35 | | 000988 | 华工科技 | +6.49% | 79.74 | | 600105 | 永鼎股份 | +6.37% | 18.21 | | 300684 | 中石科技 | +6.09% | 44.43 | 编辑 ｜ 钉钉 12月8日，CPO概念股涨势扩大，截至发稿， 东田微20%涨停， 天孚通信涨近17%，源杰科技涨超 11%，长光华芯涨超10%，仕佳光子、永鼎股份涨超6%，股价盘中均创出历史新高。 | 代码 | 名称 | 涨幅 % v | 现价 | | --- | --- | --- | --- | | 301183 | 东盟微 | +20.00% | 164.14 | | 300394 | 天孚通信 | +16.73% | 232.01 | | 301486 | 致尚科技 ...

Group 1 - The CPO sector in the A-share market has experienced a significant surge, with multiple companies seeing substantial gains, including Tianfu Communication rising over 16% and several others exceeding 10% [1] - Notably, Tianfu Communication, Shijia Photon, Yongding Co., Zhongji Xuchuang, and Sruy New Materials have reached historical highs [1] - Driven by the demand for AI computing power, the global optical module industry is accelerating its upgrade to 800G/1.6T, with optical isolators becoming a critical component due to a global supply shortage of Faraday rotators [1] Group 2 - Guosheng Securities highlights that the continuous implementation of AI applications will further accelerate the construction of computing infrastructure, creating investment opportunities in the related industry chain [1] - The AIDC industry chain, including optical modules, PCBs, main equipment manufacturers, and copper cables, is expected to see rapid demand release, leading to a dual boost in performance and valuation [1] - Longcheng Securities recommends ongoing attention to these sectors as they serve as the fundamental support for computing power [1]