Xin Lang Cai Jing·2025-12-12 10:31Core Viewpoint - The optical module sector is experiencing significant growth, with the Wind Optical Module (CPO) index reaching new highs and a strong demand forecast leading to a supply-demand imbalance that is expected to persist until 2027 [1][2][15]. Company Performance - Among 19 optical module stocks, 7 reached historical price highs in the past week, with 12 companies doubling their stock prices this year. Notably, Shijia Guangzi's stock surged over 500%, while Xinyi Sheng and Yuanjie Technology both exceeded 400% [4][18]. - In the third quarter of 2025, 16 companies in the optical module sector reported revenue and net profit growth, with Yuanjie Technology achieving a revenue of 383.25 million yuan, up 115.09%, and a net profit of 105.89 million yuan, up 19348.65% [8][9][10]. Industry Trends - The optical module industry is witnessing a "volume and price increase" scenario, with significant demand for 1.6T optical modules and stable pricing for 800G and lower products. This is driven by increased capital expenditures from global cloud providers and accelerated technological iterations among leading manufacturers [7][20]. - The AI industry is catalyzing growth in the optical module sector, with major companies like Google and Amazon enhancing their capabilities, which is expected to drive demand for optical modules significantly [6][20]. Financial Highlights - Zhongji Xuchuang, a leading player in the optical module market, reported a revenue of 250.05 billion yuan in Q3 2025, a 44.43% increase year-on-year, and a net profit of 71.32 billion yuan, up 90.05% [10][11]. - The company's overseas revenue has surged, with North American cloud providers projected to spend $330 billion in 2025, a 53% increase from the previous year, further boosting demand for high-speed optical modules [11].