证券代码：688313 证券简称：仕佳光子 公告编号：2025-006 河南仕佳光子科技股份有限公司 关于 CW DFB 激光器研发进展的自愿性披露公告 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、准确性和完整性承担法律责任。 验证，但目前尚未在客户端完成全部测试工作，同时，该款芯片未来的市场需求、 市场拓展及竞争情况尚具有不确定性。 针对光交换、光计算等算力应用的硅光需求越来越受到业界关注，其中外置 高功率的连续波分布反馈激光器 CW DFB 光源是硅光实现完整功能的关键配套 芯片。 公司最新开发的 CW DFB 激光器产品在 50℃下实现功率大于 1000 毫瓦的 突破，相关产品已送客户端验证。目前，公司的 CW DFB 激光器芯片产品已经 形成了 75mW、100mW、200mW、500mW、850mW、1000mW 等相对全面的产 品序列。 二、对公司的影响 公司 CW DFB 激光器系列产品已完成性能和部分产品可靠性内部测试工作， 内部测试未发现异常，公司将继续推进芯片功能、可靠性的进一步完善。该产品 已形成一定量产和小批量对外销售，短期内不 ...

河南仕佳光子科技股份有限公司 证券代码：688313 证券简称：仕佳光子 公告编号：2025-005 2024 年年度业绩预告 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、准确性和完整性承担法律责任。 重要内容提示： 公司预计 2024 年度实现营业收入 107,420 万元左右。 公司预计 2024 年度实现归属于上市公司股东的净利润 6,500 万元左右。 公司预计 2024 年度实现归属于上市公司股东的扣除非经常性损益的净 利润 4,810 万元左右。 一、本期业绩预告情况 （一）业绩预告期间 二、上年同期业绩情况 （一）营业收入：75,459 万元。 （二）归属于上市公司股东的净利润：-4,755 万元。 （三）归属于上市公司股东的扣除非经常性损益的净利润：-6,682 万元。 三、本期业绩变化的主要原因 （一）营业收入增长的原因：受 AI 算力需求驱动，数通市场快速增长；公 司适应市场需求，持续研发投入和技术创新，产品竞争优势凸显，客户认可度提 高。AWG 系列产品、DFB 系列产品、MPO 相关产品、室内光缆以及线缆高分子 材料等业务订单量 ...

可以开麦再试一下声音喂喂喂可以吗对你可以好的好的不好意思各位同志们大家晚上好我是国内通讯组的张宁诗佳光子相信经过今天这几天这个蹦比较大经过市场的反馈大家也看到了这个标的我们也是给大家在这个时间点吧系统的汇报一下一下公司 我们的深度报告起了名字,叫硅工时代芯片及工程系列平台这是我们深度思考过的一个想过的一个结果也体现了我们一贯的研究思路为什么叫硅工时代我们看到在2024年的时候大家比较确认的就是市场上最主流的公司在1.6T的时代1.4光波的时代可能在最早的交付 而且在很多近期的市场观点也看到2025年6.141万亿的降盟汇光的方案也是最主要的抓手之一这个呢而且汇光的非常多的技术包括固有PSA啊CNN光源啊等等的那些器件都是和未来的CPU技术是一脉相承的这个趋势是非常确定的而且这个信号在2024年应该是释放的比较充分所以我们在那个时候必须想如果是在2025年随着1.67的固有规模化的灾祸 特别是在最后以后运行一段时间我们看到如果1.0T的规划规模块和200G EMR2方案的1.0T规模块在运行的美利均性上跟方面没有太大差距的话那么我们想随着时间的推移那么辉光规模块就只剩下了一些优势第一个成本第二就是它的将来的这个 ...

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 ...

河南仕佳光子科技股份有限公司（以下简称"公司"）第四届监事会第四次 会议（以下简称"会议"）于 2025 年 1 月 3 日在公司会议室以现场结合通讯方式 召开。会议通知于 2024 年 12 月 30 日以电子邮件方式送达各位监事。本次会议 由监事会主席汪波先生主持，应出席监事 5 人，实际出席监事 5 人。会议的召 集和召开程序符合有关法律法规和《公司章程》的规定，会议决议合法、有效。 二、监事会会议审议情况 1、审议通过《关于设立新加坡子公司并调整内部股权架构、向泰国子公 司增资的议案》 表决结果：5 票同意，0 票反对，0 票弃权。 2、审议通过《关于签订关联交易合同的议案》 证券代码：688313 证券简称：仕佳光子 公告编号：2025-004 河南仕佳光子科技股份有限公司 第四届监事会第四次会议决议公告 本公司监事会及全体监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。 一、监事会会议召开情况 监事会认为：本次关联交易遵循公平交易、互利互惠的原则，有利于公司 正常业务的持续开展，公司主营业务不会对关联方形成依赖，不会对公司的独 立 ...

表决结果：9 票同意，0 票反对，0 票弃权。 2、审议通过《关于签订关联交易合同的议案》 该议案已经公司第四届董事会审计委员会第三次会议、独立董事第二次专 门会议审议通过，并同意提交公司董事会审议。 证券代码：688313 证券简称：仕佳光子 公告编号：2025-003 河南仕佳光子科技股份有限公司 第四届董事会第四次会议决议公告 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。 一、董事会会议召开情况 河南仕佳光子科技股份有限公司（以下简称"公司"）第四届董事会第四次 会议（以下简称"会议"）于 2025 年 1 月 3 日在公司会议室以现场结合通讯方式 召开。会议通知于 2024 年 12 月 30 日以电子邮件方式送达各位董事。本次会议 由董事长葛海泉先生主持，应出席董事 9 人，实际出席董事 9 人。会议的召集 和召开程序符合有关法律法规和《公司章程》的规定，会议决议合法、有效。 二、董事会会议审议情况 1、审议通过《关于设立新加坡子公司并调整内部股权架构、向泰国子公 司增资的议案》 河南仕佳光子科技股份有限公司董 ...

Company Overview - The company is a leading domestic supplier of optoelectronic core chips, focusing on the optical communication industry, with main businesses covering optical chips and devices, indoor optical cables, and cable materials [65] - The company's products are mainly used in backbone and metropolitan area networks, fiber-to-the-home, data centers, and 4G/5G construction, and it has successfully achieved mass production of PLC splitter chips and AWG chips [65] - The company has established a comprehensive IDM business system covering chip design, wafer manufacturing, chip processing, and packaging testing, and has broken through a series of key technologies [71] - The company's main products include PLC splitter chip series, AWG chip series, DFB laser chip series, fiber connectors, indoor optical cables, and cable materials [65] Industry Trends - The global optical chip market is expected to grow at a CAGR of 14.86% from 2023 to 2027, with high-speed optical chips growing faster than medium and low-speed chips [108] - The demand for high-speed optical chips is driven by AI, cloud computing, and big data technologies, which are pushing the development of the data communication market [36] - The global optical cable market is expected to recover in 2025, with a growth rate of 6.2%, driven by the rebound in the US market, recovery in Europe, and stabilization in China [122] - The global optical chip market is expected to exceed 50% growth in 2024, reaching a record high, with high-speed optical chips growing faster than medium and low-speed chips [108] Market Position and Competitive Advantage - The company's PLC splitter chips have the second-largest global market share, with the top five manufacturers accounting for about 79% of the market [142] - The company has developed over 20 types of equal-split PLC splitters and has recently developed FTTR non-equal-split splitters, gaining wide recognition from global customers [140] - The company's DWDM AWG chips have entered the supply chain of major domestic and international equipment manufacturers and are being supplied in bulk, with the ability to supply DWDM AWG modules gradually improving [140] - The company has achieved breakthroughs in the performance indicators of high-power CW DFB lasers for silicon photonics, with products undergoing reliability verification at clients and achieving small-scale sales [152] Financial Performance - In the first three quarters of 2024, the company achieved revenue of 729 million yuan, a year-on-year increase of 34.77%, and a net profit of 36.209 million yuan, a year-on-year increase of 231.0% [68] - In Q3 2024, the company achieved revenue of 280 million yuan, a year-on-year increase of 32.74%, and a net profit of 24.2527 million yuan, a year-on-year increase of 344.53% [68] - The company's gross margin has gradually recovered in 2024, with the gross margin of the optical chip and device business being higher than the overall gross margin [131] Future Outlook - The company is focusing on the development of 400G/800G optical modules, high-power CW DFB lasers, and DWDM AWG chips, with some products already achieving customer verification and bulk shipments [92] - The company is actively expanding into new application scenarios for optical chips, such as data center silicon photonics, laser radar, and gas sensing, with some products entering the sampling stage and achieving sales [119] - The company is expected to benefit from the increasing demand for high-speed optical modules, with its AWG components, fiber connectors, and CW light sources expected to benefit from the growth of high-speed optical modules [22]

Investment Rating - The report maintains an "Increase" rating for the company, indicating a projected relative increase of 5% to 15% compared to the CSI 300 index over the next six months [1][12]. Core Views - The company has shown significant growth in revenue and profit, with a year-on-year revenue increase of 34.77% and a net profit increase of 231.0% for the first three quarters of 2024 [1]. - The demand for optical communication products, particularly in the data center and AI computing sectors, is driving the company's growth, with a strong order backlog for AWG components [1][3]. - The company's gross margin has improved significantly, reaching 25.84% for the first three quarters of 2024, an increase of 6.06 percentage points year-on-year [1][4]. Summary by Sections Financial Performance - For the first three quarters of 2024, the company achieved revenue of 729 million yuan, with a net profit of 36.21 million yuan [1]. - The gross margin for Q3 2024 was reported at 29.08%, reflecting a year-on-year increase of 7.31 percentage points [1]. - The company’s R&D expenses for the first three quarters of 2024 were 80.09 million yuan, representing a year-on-year growth of 0.97% [1]. Market Trends - The demand for 400G and 800G optical modules is expected to drive growth in the optical communication market, with a projected compound annual growth rate of over 28% for the 400G+ market by 2029 [3]. - The indoor optical cable market is also experiencing steady growth, with global demand for optical cables expected to grow at a compound annual growth rate of approximately 4% from 2023 to 2027 [3]. Profitability Forecast - The company is expected to see continued improvement in profitability, with projected net profits of 50 million yuan, 101 million yuan, and 138 million yuan for 2024, 2025, and 2026, respectively [4]. - The projected price-to-earnings ratios for the company are 135.19X for 2024, 67.25X for 2025, and 49.20X for 2026 [4].

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 ...

Investment Rating - The report maintains a "Buy" rating for the company, with a target price indicating a potential upside of over 20% within the next six months [5][12]. Core Insights - The company reported significant revenue growth, achieving 729 million yuan in the first three quarters of 2024, a year-on-year increase of 35%, and a net profit of 36.21 million yuan, up 231% year-on-year [1][2]. - In Q3 alone, the company generated 280 million yuan in revenue, reflecting a 33% year-on-year increase and a 12% quarter-on-quarter increase, with a net profit of 24.25 million yuan, marking a 345% year-on-year increase and a 590% quarter-on-quarter increase [1][2]. - The growth is attributed to the expansion of the company's product lines in high-speed optical communication, particularly in data communication and AI products, with strong demand for AWG and DFB related products [1][2]. Financial Performance Summary - The company’s gross margin for Q3 was 29%, an increase of 7.3 percentage points year-on-year and 5.5 percentage points quarter-on-quarter, while the net profit margin reached 8.65%, up 13.35 percentage points year-on-year and 7.25 percentage points quarter-on-quarter [2]. - The company has made significant progress in reducing costs and improving efficiency, enhancing its R&D cost management capabilities through technological innovations [2]. - The forecast for net profit for 2024-2026 has been revised upwards to 58 million yuan, 104 million yuan, and 145 million yuan respectively, reflecting the anticipated growth in both active and passive optical chip products [2][4]. Product Development Highlights - The company has achieved breakthroughs in the performance of high-power CW DFB lasers, with outputs of 50mW to 900mW, currently undergoing client reliability validation and small-scale sales [2]. - Development of 100G EML for data communication is progressing, with internal validation ongoing [2]. - The company has successfully developed AWG chips and components for 800G/1.6T optical modules, with 800G optical modules already in mass production [2]. Financial Data and Valuation - The company’s total revenue for 2022 was 903.26 million yuan, with projections of 1,039.80 million yuan for 2024, indicating a growth rate of 37.80% [4]. - The net profit for 2022 was 64.29 million yuan, with a forecasted recovery to 58 million yuan in 2024 [4]. - The company’s P/E ratio is projected to be 107.50 in 2024, decreasing to 42.98 by 2026, indicating improving valuation metrics over time [4][8].