智通财经网·2025-12-24 03:55Core Viewpoint - The demand for optical fibers and cables is expected to increase due to the ongoing advancements in AI model training and application deployment, which will drive the global optical fiber and cable market [1][2] Demand Side Summary - The continuous iteration of AI large models and accelerated application deployment will likely sustain the demand for optical fibers and cables globally [1] - The need for massive data flow within data centers will promote the use of high-end single-mode and multi-mode fibers along with ultra-high-speed optical modules, facilitating efficient short-distance data transmission and flexible interconnections [1] - G.654.E optical fibers will significantly enhance transmission distance and system capacity, aiding in the construction of more efficient and economical long-distance high-bandwidth networks [1] - The development of hollow-core fibers, which offer low latency, wide bandwidth, low loss, and low nonlinearity, is being actively promoted, indicating a potential long-term increase in demand for these new technologies [1] Supply Side Summary - The production cycle for optical preforms is long and technically demanding, leading to potential short-term supply tightness in the market [1] - The traditional optical preform production methods, including PCVD, OVD, and VAD, require high technical maturity and precise control, making capacity expansion challenging [1] - The increasing demand for optical fibers and cables will raise capacity requirements for manufacturers, likely driving up utilization rates in the short term [2] Market Outlook - Predictions indicate that global demand for optical fibers and cables could reach hundreds of millions of core kilometers by 2025, maintaining a growth trend [2] - Prices have shown a significant rebound since May, and the construction of AI data centers is expected to continue driving demand and price stability for optical fibers and cables [2] - The industry may experience a supply-demand imbalance in the short term due to limited capacity expansion among global manufacturers [2] Recommended Companies - Companies recommended for investment include Hengtong Optic-Electric (600487.SH) and Zhongtian Technology (600522.SH) [2] - Beneficiary companies include Yangtze Optical Fibre and Cable (06869, 601869.SH), Yongding Co., Ltd. (600105.SH), FiberHome Technologies Group (600498.SH), and TeFa Information (000070.SZ) [2]