汇绿生态副总经理彭开盛：光模块仍处供不应求阶段，扩产计划加速推进丨e公司访谈

Core Viewpoint - The company, Huilv Ecological, is strategically entering the optical module market through the acquisition of a 35% stake in Wuhan Junheng Technology, with plans to increase its holding to 51% by early 2025, capitalizing on strong market demand driven by AI computing power and 5G network upgrades [1][2]. Market Demand and Growth - The optical module market is experiencing robust demand, with predictions indicating that global demand for 1.6T and 800G optical modules will exceed 100 million units by 2026 [2][10]. - The company anticipates a compound annual growth rate (CAGR) of nearly 30% in net profit over the next three years, based on performance commitments from Wuhan Junheng [2]. Production Capacity and Strategy - Wuhan Junheng is establishing a high-speed optical module production base in Ezhou, with an initial production capacity of 1.5 million units planned for 2025 [2][3]. - The company has implemented a highly automated "robotic factory" model, allowing for flexible production and rapid response to sudden order increases [3]. Supply Chain and Material Management - The company has developed a clear global capacity distribution to ensure supply chain resilience, with different bases focusing on R&D, high-end manufacturing, and international exports [5]. - Huilv Ecological's investment has alleviated previous material shortages, enabling Wuhan Junheng to shift its revenue structure towards high-end products, which are expected to contribute 70% to 80% of revenue by 2025 [5]. Technological Advancements - The company is focusing on silicon photonics technology as a key direction for future development, aiming to establish itself as a leading global supplier in the 1.6T product segment [11]. - The integration of self-developed equipment has significantly reduced production costs, with approximately 40% of production equipment being self-researched [8]. Customer Relationships and Market Position - Wuhan Junheng's primary customer is Coherent, a leading global optical device company, which has increased orders for high-speed optical modules due to the surge in AI data center demands [7]. - The company is actively expanding its customer base and establishing a diverse and stable client system to adapt to the rapidly changing industry landscape [12].