中国东航：拟向空客公司购买101架A320NEO系列飞机 目录价格合计约为1088.93亿元 中国东航(600115)3月25日公告，公司与空中客车公司（简称"空客公司"）签订《101架A320NEO系列飞 机购买协议》，向空客公司购买101架A320NEO系列飞机。上述飞机计划于2028年至2032年分批交付于 公司。此次购买飞机的目录价格合计约为158.02亿美元，按本次交易协议签署日当天中国人民银行公布 的人民币兑美元中间价汇率（1美元兑6.8911元人民币）计算，约为1088.93亿元人民币。 华电科工：联合签署7.4亿元海上试验风电场项目EPC总承包合同 华电科工(601226)3月25日公告，近日公司、中国电建集团福建省电力勘测设计院有限公司作为联合体 与福建华亿新能源科技有限公司（简称"华亿新能源"）签署《国家级海上风电研究与试验检测基地长乐 外海D、E区海上试验风电场项目标段一EPC总承包合同》，合同金额约7.4亿元（含税），其中，公司 责任分工对应的合同金额为6.93亿元（含税）。公司为该项目提供10台18—25MW级风机基础，具有适 配超大功率机组、适应深远海复杂海况与强台风环境、一体化E ...

2026 年 03 月 25 日 GPT-5.4mini 与 nano 轻量登场，SkyReels-V4 登顶全球 AI 视频大模型榜首 —计算机行业周报 推荐(维持) 投资要点 相关研究 1、《（Netflix）：25Q4 业绩稳健 兑现，内容与广告双轮驱动，平台 化变现能力持续增强》2026-03-23 2、《微软（Microsoft）：云与 AI 维持高景气，Azure 持续强势》 2026-03-22 2026 年 3 月 18 日，OpenAI 推出了两款全新轻量化模型—— GPT-5.4mini 与 GPT-5.4nano。此次发布聚焦于真实生产环境 中的实际需求，即在保证模型响应速度与输出质量的前提 下，显著降低使用成本。两款模型继承了 GPT-5.4 的核心能 力，但在运行效率和经济性方面做出了更为极致的优化。 ▌AI 融资动向：Deeptune 完成 4300 万美元 A 轮融资 2026 年 3 月，AI 智能体模拟训练环境平台 Deeptune 完成 4300 万美元 A 轮融资，由 a16z 领投，多家机构及 OpenAI 研究员等 天使投资人参投，其 2023 年曾完成 310 万美 ...

证券代码：300757 证券简称：罗博特科 公告编号：2026-013 罗博特科智能科技股份有限公司 关于签订日常经营重大合同的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1、合同生效条件：双方签字或盖章之日起生效。 2、合同的重大风险及重大不确定性：合同虽已正式签署并正式生效，但在 合同履行过程中，如遇政策、市场环境等不可预计或不可抗力因素的影响，可 能会导致合同无法如期或全面履行。 3、合同履行对上市公司本年度经营成果的影响：本合同的顺利履行预计将 对公司本年度经营业绩产生重大积极影响。 4、根据《深圳证券交易所创业板股票上市规则》《深圳证券交易所上市公 司自律监管指引第 2 号——创业板上市公司规范运作》等相关法律法规及公司 保密制度的相关规定，本次交易对手方信息及合同具体细节为商业秘密，履行 披露义务可能会引致不当竞争，损害公司及投资者利益，公司已履行内部涉密 信息披露豁免流程，对本次交易对手方信息及合同具体细节进行豁免披露。 5、公司不存在最近三年披露的相关合同无进展或进展未达预期的情况。 敬请广大投资者注意投资风险。 一、合同 ...

罗博特科 20260319 摘要 公司获 A 股首个 CPO 晶圆测试订单，标志 CPO 业务落地，后续订单预 计随滚动预测持续增长。 业务催化路径明确：将按"晶圆测试-Die 测试-FAU 耦合"顺序推进， 预计每 1-2 个月产生新进展。 公司在 Die 测试环节接近全球垄断，预计该环节订单量级将超过晶圆测 试订单。 OCS 领域具备整线交付能力并已获订单，可插拔光模块领域受益于北美 及国内高自动化扩产需求。 单套测试及耦合方案价值达大几百万欧元，年产能约测试 10-20 万个光 引擎。 远期空间测算：2030 年光引擎需求预计达数亿级，对应设备市场空间 可达数百亿元人民币。 Q&A 如何解读公司近期公告的双面晶圆测试订单，以及该订单对后续业务发展的意 义？ 测算远期市场空间可以从光引擎的数量入手，因为无论是晶圆测试、Die 测试 还是耦合，设备需求都与光引擎的数量直接相关。目前，一片晶圆大约可切割 成 500 多个 Die。一套包含 Wafer Test 和 Die Test 的测试设备，一年大约能 测试十几万量级的光引擎，其设备价值在数百万欧元级别。若再加上耦合设备， 整套方案的价值可达大几百万欧元。 ...

Core Viewpoint - The CPO concept stocks in the A-share market have shown strong performance, particularly following the announcement of NVIDIA's Feynman chip, which integrates optical communication to significantly reduce energy consumption in AI data center communications by over 70% [1]. Group 1: Stock Performance - Resconda (603803) saw a price increase of 9.97%, with a total market capitalization of 5.579 billion and a year-to-date increase of 18.39% [2]. - Tianfu Communication (300394) rose by 6.94%, with a market cap of 232.8 billion and a year-to-date increase of 47.48% [2]. - Kechuan Technology (603052) increased by 6.70%, with a market cap of 1.16 billion and a year-to-date increase of 95.21% [2]. - Dekeli (688205) experienced a 6.04% rise, with a market cap of 2.72 billion and a year-to-date increase of 24.92% [2]. - Aerospace Electric (002025) rose by 5.71%, with a market cap of 2.69 billion and a year-to-date increase of 17.81% [2]. - Xinyi Technology (300502) increased by 4.28%, with a market cap of 40.35 billion and a year-to-date decrease of 5.78% [2]. - Other notable stocks include Zhili Fang (301312) up 3.76%, Juguang Technology (688167) up 3.40%, and Luobotek (300757) up 3.30% [2]. Group 2: Market Trends - The overall trend in the CPO concept stocks indicates a positive market sentiment, driven by technological advancements in optical communication [1]. - The introduction of NVIDIA's Feynman chip is expected to have a significant impact on the energy efficiency of AI data centers, which may further boost investor interest in related stocks [1].

Group 1 - The core viewpoint of the article highlights the strong performance of CPO concept stocks in the A-share market, particularly noting the significant gains of various companies following the announcement of a new chip by Nvidia [1] Group 2 - Risconda saw a limit-up increase, while Tianfu Communication, Kechuan Technology, and Dekeli rose over 6% [1] - Aerospace Electric increased by over 5%, and Xinyi Sheng rose by over 4% [1] - Other companies such as Zhili Fang, Juguang Technology, Robotec, Xiechuang Data, and Tongfu Microelectronics experienced gains of over 3% [1] Group 3 - The news is driven by Nvidia's announcement on March 16 regarding the Feynman chip, which integrates optical communication for inter-chip connectivity, potentially reducing AI data center communication energy consumption by over 70% [1]

Group 1 - The National Development and Reform Commission is organizing the application for approximately 100 major application scenario projects, which will be prioritized for funding support [4] - The Ministry of Finance will continue to implement a more proactive fiscal policy in 2026, focusing on seven key areas including supporting the construction of a strong domestic market and promoting green transformation [7] - The State-owned Assets Supervision and Administration Commission emphasizes the implementation of major projects and the promotion of AI initiatives to accelerate the digital transformation of state-owned enterprises [7] Group 2 - The A-share market experienced a pullback, with the ChiNext index dropping over 2%, particularly in the computing power sector [9] - The China Securities Regulatory Commission has approved a new batch of 15 hard technology-themed funds, which are expected to launch fundraising soon [9] - The Hong Kong Stock Exchange is rumored to limit IPOs for red-chip companies, but local investment bankers have dismissed these rumors as unfounded [9] Group 3 - The North American stock indices showed slight gains, with the Dow Jones up 0.1% and the S&P 500 up 0.25%, while the Nasdaq increased by 0.47% [20] - The European stock indices closed higher, with the German DAX rising by 0.71% and the UK FTSE 100 increasing by 0.83% [20] - The Korean Composite Index rose by 1.63%, while the Japanese Nikkei 225 index fell by 0.09% [20] Group 4 - The Ministry of Health and the National Health Commission announced a focus on improving the standard treatment rates for acute cerebrovascular diseases by 2026 [7] - The Beidou satellite navigation system is set to undergo in-orbit upgrades to enhance service quality, with 50 satellites currently operational [13] - The real estate market in major cities is showing signs of recovery, with Shanghai's second-hand housing market expected to reach high transaction volumes [13]

关于签订日常经营重大合同的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1、合同生效条件：双方签字之日起生效。 证券代码：300757 证券简称：罗博特科 公告编号：2026-012 罗博特科智能科技股份有限公司 5、公司不存在最近三年披露的相关合同无进展或进展未达预期的情况。 敬请广大投资者注意投资风险。 一、合同签署情况 罗博特科智能科技股份有限公司（以下简称"公司"）全资子公司 ficonTEC Service GmbH（以下简称"ficonTEC"）与交易对手方于 2026 年 3 月 13 日签署 单笔日常经营合同金额约为 608.09 万欧元（不含税，折合人民币 4,800.66 万元）， 系 ficonTEC 签订的第二批双面晶圆测试设备及服务量产化订单，占公司 2024 年 度经审计营业收入的比例超过了 4.34%，预计将对公司产生重要积极影响，达到 公司自愿披露日常重大经营合同的披露标准。 现将合同以列表方式汇总披露如下： | | | | 日 | - | 万欧元 608.09 | 双面晶圆测试 | | --- | --- ...

Investment Rating - The industry maintains a "Recommended" rating, indicating a positive outlook for the sector's fundamentals and expected performance exceeding the benchmark index [2]. Core Insights - The report highlights the increasing capital expenditure in the optical module industry driven by AI demand, with a focus on the production processes and equipment for traditional pluggable optical modules and CPO (Co-Packaged Optics) products [1][6]. - The optical module is identified as a core component for optical communication, essential for high-speed interconnections within data centers, with significant growth expected in the market [9][40]. - CPO technology is noted for its higher integration and smaller size, offering significant improvements in bandwidth, power consumption, and space efficiency compared to traditional pluggable optical modules [29][36]. Summary by Sections 1. Overview of Pluggable Optical Module Equipment - Pluggable optical modules are crucial for optical-electrical conversion in data centers, consisting of components like TOSA, ROSA, and driver circuits [9]. - The production process includes key steps such as die bonding, wire bonding, optical coupling, packaging, and aging tests [11][15]. 2. Differences Between CPO and Pluggable Optical Modules - CPO integrates optical engines with switching chips on the same substrate, enhancing signal transmission efficiency and reducing energy consumption [17][29]. - The report outlines the core differences in production processes, including chip interconnection methods, optical coupling precision, packaging, and testing systems [30][33]. 3. Investment Recommendations - The optical module sector is positioned as a critical area for AI computing infrastructure, with ongoing investments in high-speed pluggable optical modules and CPO technology development [40]. - Key companies to watch in the optical module equipment industry include Bozhong Precision, Keri Technology, Kaige Precision, Robotec, and Quick Intelligent [6][41].

Investment Rating - The report maintains a positive investment outlook on the optical module equipment industry, highlighting significant growth potential driven by AI developments and technological upgrades in packaging and testing equipment [2]. Core Insights - The demand for optical modules is experiencing explosive growth due to the expansion of AI computing power, with a shift from 400G to 800G and accelerating towards 1.6T, indicating a high demand cycle for equipment [2][23]. - The core value segments in the optical module packaging process are die bonding, coupling, and testing, which together account for over 60% of the value, with increasing precision and automation requirements [2][58]. - Domestic substitution, automation upgrades, and the introduction of advanced packaging present structural opportunities for equipment manufacturers, particularly in high-precision areas still dominated by foreign suppliers [2][32]. Summary by Sections Section 1: AI Development and Optical Module Demand - AI advancements are driving a surge in optical module demand, with a transition towards higher specifications like CPO and OIO expected to shape future trends [4][23]. - The optical module market is projected to see significant growth, with 800G and 1.6T modules expected to reach over 52 million units shipped by 2026 [24][26]. Section 2: Core Packaging and Testing Equipment - The main processes in optical module packaging include die bonding, coupling, and testing, which are critical for ensuring high performance and reliability [53][55]. - The report emphasizes the importance of high-precision die bonding and coupling processes, which are essential for achieving optimal optical performance [70][74]. Section 3: Key Companies and Investment Recommendations - The report recommends focusing on companies such as Robotech (coupling equipment), Keri Technology (die bonding), and others that are well-positioned to benefit from the industry's growth [2][32]. - It highlights the potential of companies like Lumentum and Coherent, which are expanding their production capacities to meet rising demand [33][32].