TFC(SZ:300394) Xin Lang Ji Jin·2025-08-28 03:09Core Viewpoint - The growth of the ChiNext AI index continues to expand, driven by significant increases in the performance of companies in the optical module and computing power sectors, with the index reaching historical highs [1][3]. Group 1: Market Performance - On August 28, the ChiNext AI index saw a surge of over 5%, marking a new historical high, with notable stocks like Tianfu Communication hitting the daily limit and Zhongji Xuchuang rising over 9% [1]. - The ChiNext AI ETF (159363) also experienced a strong performance, with a daily increase exceeding 5% and a trading volume surpassing 700 million yuan, accumulating over 1.2 billion yuan in the past ten days [1][3]. Group 2: Earnings and Growth - As of August 27, among the 25 disclosed mid-year reports of the ChiNext AI index constituents, 11 companies exceeded earnings expectations, particularly in the optical module sector [3]. - Companies like New Yisheng and Ruijie Network reported net profit growth rates of over 355% and 194%, respectively, indicating robust revenue and profit increases across the sector [3]. Group 3: Investment Insights - Guosheng Securities suggests that the current optical module market is just beginning, transitioning from rapid earnings growth to valuation enhancement, with leading companies moving from "profit realization" to "value reassessment" [3]. - The ChiNext AI index has outperformed similar AI indices, with a year-to-date increase of over 68%, significantly surpassing the CS AI and Sci-Tech AI indices [4][5].