Xin Lang Ji Jin·2025-10-30 02:18Core Viewpoint - The significant drop in optical module stocks, particularly New Yisheng and Tianfu Communication, is attributed to market adjustments following strong earnings reports, with institutions maintaining a positive outlook on the sector [1][3][4]. Group 1: Market Performance - New Yisheng's stock fell over 7%, while Tianfu Communication dropped more than 10%, indicating a broader market correction in the optical module sector [1]. - The ChiNext AI ETF (159363) experienced a decline of over 3% after reaching a new high, with a net subscription of 72 million units during the dip [1][4]. Group 2: Company Earnings - New Yisheng reported a third-quarter revenue of 6.068 billion yuan, a year-on-year increase of 152.53%, and a net profit of 2.385 billion yuan, up 205.38% [2]. - For the first three quarters, New Yisheng's revenue reached 16.505 billion yuan, reflecting a 221.70% increase, while net profit surged by 284.37% to 6.327 billion yuan, driven by investments in AI computing power [2]. Group 3: Institutional Outlook - Huatai Securities has raised its revenue and profit forecasts for New Yisheng, projecting net profits of 8.775 billion yuan, 15.021 billion yuan, and 17.963 billion yuan for 2025 to 2027, with target price set at 476.71 yuan based on a PE ratio of 54x [3]. - The recent announcements from Nvidia regarding its business outlook have reinforced the performance certainty of the optical module industry for 2026, suggesting a shift from expectation to realization of earnings [4]. Group 4: ETF Insights - The ChiNext AI ETF (159363) is highlighted as the first ETF tracking the ChiNext AI index, with over 36 billion yuan in size and an average daily trading volume exceeding 700 million yuan in the past month [4]. - The ETF's portfolio is heavily weighted towards computing power and AI applications, positioning it to effectively capture trends in the AI sector [4].