HGTECH(SZ:000988) Chang Jiang Shang Bao·2026-02-24 23:45Core Viewpoint - The company, Huagong Technology, is experiencing a surge in demand for its AI high-speed optical modules, leading to full production capacity and significant stock price increases during the Chinese New Year period [1][2][3]. Group 1: Production and Orders - During the 2026 Spring Festival, Huagong Technology's production facilities operated at full capacity, with orders for its connection business scheduled through the fourth quarter of 2026 [1][2]. - The company has implemented a 24-hour operation schedule for its AI high-speed optical module production lines to meet the strong market demand [2][3]. - Huagong Technology's production bases in Wuhan and Thailand resumed operations on the first day of the Lunar New Year, breaking the traditional holiday break to ensure timely delivery of high-end products [2][3]. Group 2: Financial Performance - As of February 13, 2026, Huagong Technology's total market capitalization reached 753 billion yuan, which increased to 829 billion yuan following the announcement of robust orders and production capacity [2][4]. - For the first three quarters of 2025, the company reported revenues of 11.038 billion yuan and a net profit of 1.321 billion yuan, indicating steady growth [4]. - The net profit from the core product, data communication optical modules, saw a remarkable year-on-year increase of 541%, reaching 462 million yuan in the first three quarters of 2025 [4]. Group 3: Market Trends and Growth - The demand for high-speed optical modules is expected to continue growing, with the company planning to increase its production capacity for 800G and 1.6T modules by over 50% in 2026 [3]. - The global optical module industry is experiencing high demand, driven by significant capital expenditures from major cloud service providers, which are projected to reach approximately 598.7 billion yuan in 2026 [4].