“易中天”“德华”，集体大涨！

Group 1: Market Performance - On September 1, stocks of "Yizhongtian" (Xinyi Sheng, Zhongji Xuchuang, Tianfu Communication) and "Dehua" (Dekeli, Huagong Technology) reached historical highs, leading the CPO and optical communication module sectors [1] - Zhongji Xuchuang saw a price increase of 14.42%, with an intraday high near 414 yuan; Xinyi Sheng rose over 9%, peaking at nearly 400 yuan; Tianfu Communication increased by 11.90%, with an intraday high exceeding 225 yuan; Huagong Technology hit the daily limit; Dekeli also reached a new high of 131.33 yuan before closing lower [1] Group 2: Financial Performance - In the first half of the year, Xinyi Sheng reported a net profit of 39.42 billion yuan, a year-on-year increase of 355.86%; Zhongji Xuchuang achieved a net profit of 39.95 billion yuan, up 69.40%; Tianfu Communication's net profit was 8.99 billion yuan, growing by 37%; Huagong Technology's net profit reached 9.11 billion yuan, increasing by 44.87% [4] - Xinyi Sheng attributed its revenue growth to investments in data center computing power and significant breakthroughs in high-speed optical modules, with overseas revenue accounting for 94.4% of total sales [4] Group 3: Industry Trends - The domestic and international computing power industry chain is experiencing positive resonance, with Alibaba's Q1 FY2026 capital expenditure on "AI + Cloud" reaching 38.6 billion yuan, a 220% year-on-year increase [3] - AI applications are driving growth in traditional computing storage products, with Alibaba Cloud revenue reaching 33.398 billion yuan, a 26% year-on-year increase, marking the highest growth rate in three years [3] - The report from Guojin Securities indicates that with increased capital expenditure from internet giants and accelerated mass production of domestic AI chips, there is a long-term optimistic outlook for domestic computing power demand growth [3] Group 4: CPO Technology Insights - CPO (Co-Packaged Optics) is recognized as a mainstream product form for future high-speed optical communication, significantly reducing power consumption and costs for switches [4] - The CPO/OIO (Optical Interconnects) supply chain is highly integrated, with key components including CPO optical engines primarily utilizing silicon photonics technology [5] - Companies involved in CPO/OIO development, such as FAU, MPO, and CW laser manufacturers, are expected to maintain their competitive advantages in their respective segments [5]