SINOPACK(SZ:003031) Xin Lang Cai Jing·2025-12-19 09:49Core Viewpoint - Zhongci Electronics (003031.SZ) is a key supplier of ceramic products (ceramic shells and substrates) for domestic and international optical module companies, currently experiencing a strong order backlog and high capacity utilization [1] Group 1: Production and Capacity - The company maintains a high level of capacity utilization and is continuously releasing capacity through improved yield rates [1] - It is expected that related products will enter a phase of sustained growth next year, with the company actively expanding production to meet market demand and ensure order fulfillment [1] Group 2: Research and Development - The CPO ceramic substrate is currently in the research and development stage, with mass production anticipated within three years, and the value of electronic ceramics expected to exceed 100 million [1] - The company is developing 3300V-10kV over-voltage products for applications in solid-state transformers and solid-state circuit breakers, with some products already undergoing sample validation [1] Group 3: Market Applications - The company has targeted product layouts for applications in AI data centers, drones, and humanoid robots, indicating a strategic focus on emerging technology sectors [1]