3PEAK(SH:688536) Ge Long Hui·2025-11-12 07:37Core Viewpoint - The company SiRuPu (688536.SH) has experienced rapid growth in its optical module business during the first three quarters, with a steady increase in market share among leading clients and the entry of new clients into volume production [1] Group 1: Business Performance - The optical module business has achieved significant growth in the first three quarters [1] - Several leading clients have seen a steady increase in their market share [1] - New clients have begun to enter the volume production phase [1] Group 2: Product Development - The company has successfully scaled the shipment of several high-value analog chip products in optical module applications [1] - AFE products have high technical barriers and significant value, with a continuous increase in market share among core clients [1] - The product line is expanding from 400G to 800G, with plans to develop higher specification 1.6T products, which are expected to drive new performance growth for the company [1]