CIG(SH:603083) Zheng Quan Shi Bao Wang·2025-10-20 02:31Core Viewpoint - The CPO concept has seen a strong surge in the market, with significant increases in stock prices for companies involved in the optical module industry, driven by rising demand for 1.6T optical modules and the overall growth in the sector [1] Group 1: Market Performance - Yuanjie Technology has surged over 15%, while Tianfu Communication, Zhongji Xuchuang, and Zhongshi Technology have all increased by over 10%, with Cambridge Technology hitting the daily limit [1] Group 2: Demand and Supply Dynamics - A recent survey by Xingzheng Securities indicates that the demand for 1.6T optical modules is continuously being revised upwards, with overseas major clients increasing their procurement plans for 2026 from 10 million to 15 million, and now to 20 million units [1] - The primary drivers for this demand increase are the accelerated deployment of GB300 and the subsequent Rubin platform, alongside the rapid growth in bandwidth requirements for AI training and inference networks, leading to the mass production of 1.6T products [1] Group 3: Future Outlook - Huatai Securities has noted that the demand for 800G optical modules is expected to continue its rapid growth in the third quarter, with leading manufacturers likely to maintain a high growth trend year-on-year [1] - The anticipated increase in 1.6T optical module production is expected to positively impact related manufacturers in the optical module and optical engine segments, while domestic demand for 400G optical modules is also expected to be released quickly, driving performance improvements for relevant companies [1] - The optical chip segment (CW light sources, 100G EML) is projected to see continued high growth in performance for leading domestic manufacturers, with MPO demand expected to maintain a year-on-year high growth trend [1]