2025中国十大光模块企业 在人工智能浪潮席卷全球、算力需求呈指数级增长的2025年，光模块作为数据流动的"高速公路"核心部件，其战略价值被推至前所未有的 高度。全球数字经济的"地基"建设，正以前所未有的速度推进，而中国光模块产业，已从全球市场的参与者，跃升为技术演进与市场格局 变革的关键性参与者。 当前光模块市场的爆发，其核心驱动力早已超越传统电信网络建设，转向由AI训练与推理所驱动的超大规模数据中心（Hyperscale Data Center）。AI大模型的参数量与训练数据量激增，对数据中心内部及跨数据中心的数据传输带宽提出了新需求。单个AI服务器集群需要数 千个高速光模块实现万卡互联，直接推动了产品结构向高端化快速迁移。 标志性的是，800G光模块在2025迎来出货量"翻倍式"增长，并开始从800G向1.6T迭代。从速率迭代到架构革命，为满足AI算力的苛刻要 求，光模块技术正沿着"速率提升、功耗降低、集成度提高"三条主线加速演进，技术路线呈现多元化、分层化的竞争格局。800G产品已成 为当前驱动行业业绩增长的核心主线，而1.6T正从技术储备走向规模化部署的前夜。关于封装与互联技术的架构性革命，为突破" ...

Group 1 - As of December 31, 2025, the A-share market's margin balance reached 25,406.82 billion yuan, a 36.26% increase compared to the same period in 2024, accounting for 2.58% of the A-share circulating market value [6] - The financing balance was 25,241.56 billion yuan, up 36.14% year-on-year, while the securities lending balance was 165.26 billion yuan, reflecting a 58.33% increase from 2024 [6] - In 2025, 27 out of 31 industries in the Shenwan first-level classification received net financing inflows, with 13 industries exceeding 10 billion yuan in cumulative net financing [6] Group 2 - The electronics industry led with a cumulative net financing inflow of 1,631.69 billion yuan, followed by power equipment, communication, machinery, non-ferrous metals, computers, automobiles, biomedicine, national defense, and chemical industries, all exceeding 300 billion yuan in cumulative net financing [6] - In 2025, 130 individual stocks had cumulative net financing inflows exceeding 1 billion yuan, with Xinyi Sheng (300502) being the most favored, attracting 177.36 billion yuan [7] - The top 10 stocks with the highest margin buying in 2025 all experienced price increases, with Shenghong Technology achieving the highest annual growth rate of 586.02% [7]

Group 1 - The total margin balance in the A-share market reached 25,406.82 billion yuan by December 31, 2025, representing a 36.26% increase compared to the same period in 2024, accounting for 2.58% of the A-share circulating market value [7] - The financing balance was 25,241.56 billion yuan, up 36.14% year-on-year, while the margin balance increased by 58.33% to 165.26 billion yuan [7] - In 2025, 27 out of 31 industries in the Shenwan first-level industry classification received net financing inflows, with 13 industries exceeding 10 billion yuan in net financing [7] Group 2 - The electronics industry led with a cumulative net financing inflow of 1,631.69 billion yuan, followed by power equipment, communication, machinery, non-ferrous metals, computers, automobiles, biomedicine, and national defense industries, all exceeding 300 billion yuan in net financing [7] - A total of 130 stocks had cumulative net financing inflows exceeding 1 billion yuan, with Xinyi Sheng being the most favored, attracting 177.36 billion yuan [7] - The top 10 stocks with the highest margin buying in 2025 all experienced price increases, with Shenghong Technology achieving the highest annual growth rate of 586.02% [7]

从夯到拉，给AI各环节排序 出品 | 妙投APP 作者 | 董必政 编辑 | 关雪菁 头图 | AI制图 | Wind代码 | 证券简称 | 2025年以来涨跌幅(%) | | --- | --- | --- | | 8841914.WI | AI陪伴指数 | 25.79% | | 884169.WI | AIPC指数 | 26.82% | （数据来源：wind） 妙投认为，AI算力的超额收益的本质在于确定性，且不断超预期。 资本、企业敢于对当下及未来的AI算力基础设施建设的确定性进行押注。比如：政策推动GPU的国产替 代，北美四大云厂商、中国BAT等互联网企业加大资本开支的投入。 而2025年大模型厂商仍看不到盈利的希望，AI手机、AI眼镜等端侧产品销量不旺，这些并未让资本市场看 到投资的确定性。 不过，全球科技巨头的资本开支正处于一个高强度、高增长的周期，并且普遍预期这一轮针对AI等核心技 术的投资热潮在未来几年仍将持续。 那么，2026年AI投资主线会是什么呢？ 展望2026年，妙投认为AI算力仍具备很强的确定性，有望继续成为科技主线。 随着AI基础设施建设与迭代 升级，算力（GPU）、运力（光模块）、 ...

Wind数据显示，截至2025年12月31日，A股市场融资余额为25241.56亿元，融券余额为165.26亿元，2025年融资余额增加6700.11亿元。 2025年，电子行业融资余额增加超1600亿元，融资净买入金额最大的股票为新易盛，净卖出金额最大的股票为牧原股份。 | 来源：Wind | | --- | 加仓新易盛超170亿元 从个股情况看，2025年融资客对130只股票加仓金额超10亿元，加仓金额居前的10只股票分别为新易盛、中际旭创、胜宏科技、宁德时代、阳光电源、寒 武纪-U、工业富联、三花智控、紫金矿业、中芯国际，分别净买入177.36亿元、154.62亿元、154.04亿元、151.90亿元、111.14亿元、110.73亿元、72.43亿 元、63.39亿元、52.61亿元、51.09亿元。从市场表现看，2025年融资客加仓居前十的股票全线上涨，涨幅最大的胜宏科技涨逾580%。 2025年融资净买入金额前十股 | 来源：Wind | | --- | 2025年融资客对288只股票减仓金额超1亿元，减仓金额居前的10只股票分别为牧原股份、东方财富、万科A、软通动力、泸州老窖、恒逸石化、中国石 ...

2026年1月5日，A股市场情绪向好，科技板块走强，截至14:41，创业板人工智能指数强势上涨3.03%，成分股蓝色光标涨停，易点天下、协创数据、铜牛信 息、北京君正等个股跟涨。热门ETF中，费率最低的创业板人工智能ETF华夏(159381)上涨3.05%，最新价报1.93元，盘中换手15.8%，成交3.09亿元，市场交 投活跃。 资金布局科技赛道热情高涨，拉长时间看，近8个交易日内有6日资金净流入，合计"吸金"1.38亿元。（数据来源：Wind） | 股票代码 | 股票简称 | 涨跌幅 | 权重 | | --- | --- | --- | --- | | 300308 | 中际旭创 | 2.36% | 20.87% | | 300502 | 新易盛 | -0.23% | 20.29% | | 300394 | 天孚通信 | 0.30% | 5.36% | | 300857 | 协创数据 | 10.55% | 2.99% | | 301236 | 软通动力 | 1.56% | 2.39% | | 300458 | 全志科技 | 3.40% | 2.28% | | 300454 | 深信服 | 4.44% | ...

来源：Wind 从个股情况来看，2025年融资客对130只股票加仓金额超10亿元，加仓金额居前的10只股票分别为新易盛、中际旭创、胜宏科 技、宁德时代、阳光电源、寒武纪-U、工业富联、三花智控、紫金矿业、中芯国际，分别净买入177.36亿元、154.62亿元、 154.04亿元、151.90亿元、111.14亿元、110.73亿元、72.43亿元、63.39亿元、52.61亿元、51.09亿元。从市场表现看，2025年 融资客加仓居前十的股票全线上涨，涨幅最大的胜宏科技涨逾580%。 2025年融资净买入金额前十股 | 证券代码 证券简称 | | | 2025年涨幅 融资融券余额 | 融资余额(万元) | 融资净买入额 | | --- | --- | --- | --- | --- | --- | | | | (%) | (万元) | | (万元) | | 300502. SZ | 新易盛 | 424. 03 | 2040713.97 | 2032550. 26 | 1773565. 47 | | 300308. SZ | 中际旭创 | 396. 38 | 2106550. 32 | 2100260.00 | ...

每经AI快讯，1月5日，新易盛成交额达100亿元，现跌2.52%。 （文章来源：每日经济新闻） ...

来源：新浪基金∞工作室 沪深300ETF中金（510320）业绩比较基准为沪深300指数收益率，管理人为中金基金管理有限公司，基 金经理为刘重晋，成立（2025-04-16）以来回报为24.56%，近一个月回报为2.38%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 1月5日，截止午间收盘，沪深300ETF中金（510320）涨1.28%，报1.263元，成交额326.07万元。沪深 300ETF中金（510320）重仓股方面，宁德时代截止午盘涨1.68%，贵州茅台涨2.72%，中国平安涨 5.56%，招商银行涨0.64%，紫金矿业涨1.91%，新易盛跌0.51%，中际旭创涨1.97%，美的集团涨 0.88%，东方财富涨1.81%，长江电力涨0.11%。 ...

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]