Core Insights - The optical module industry is experiencing a significant upturn, driven by increased demand for AI computing power, expansion of data centers, and rising procurement from overseas giants [3][4] Industry Performance - As of October 27, 12 listed companies in the A-share CPO sector have disclosed their Q3 2025 reports, with 9 optical module firms, including Shijia Photon Technology and Yongding Co., reporting growth in net profit [1] - Leading optical module companies have shown robust growth in Q3 2025, with Cambridge Technology reporting a net profit of approximately 259 million yuan, up 70.88%, and Huagong Technology reporting 1.321 billion yuan, up 40.92% [2] - Several companies have seen net profit growth exceeding 100%, such as Shijia Photon with a 727.74% increase to 300 million yuan and Yongding Co. with a 474.30% increase to 329 million yuan [2] Market Drivers - The growth in the optical module sector is attributed to multiple factors, including the explosion of AI computing demand, the rapid expansion of data centers, increased procurement from overseas clients, and supportive policies [3] - Recent reports indicate that overseas clients have raised their 2026 procurement plans for 1.6T optical modules significantly, reflecting the growing bandwidth needs for AI training and inference networks [3] Policy Support - The introduction of favorable policies indicates a shift in the national computing power strategy towards deeper integration with the real economy, positioning optical modules as key beneficiaries of this transition [4] Company Strategies - Leading optical module companies are focusing on technological innovation and capacity expansion to seize market opportunities [5] - Companies like Chengdu Xinyi Communication Technology have developed a full range of 1.6T products meeting IEEE standards, while Shijia Photon has begun mass shipments of its 800G/1.6T optical modules [6] Capacity Expansion - Companies are actively expanding production capabilities, with Zhongji Xuchuang announcing ongoing production ramp-up for its 1.6T products [7] - Huagong Technology has started delivering its 800G LPO optical modules in overseas markets, with expectations for increased demand in the coming year [7] - The overall demand for optical modules is expected to grow, driven by policy support and proactive breakthroughs in technology and capacity by companies [7]
光模块需求增加 头部公司业绩劲增
Zheng Quan Ri Bao·2025-10-27 17:09