JPT(SH:688025) Jin Rong Jie·2026-02-26 02:23Industry Overview - The CPO (Co-Packaged Optics) technology is gaining traction as it integrates optical engines with switching chips, significantly enhancing optical signal transmission rates while reducing power consumption and overall costs, making it a key technology for the next generation of computing networks and 6G communication [2][4] - Recent breakthroughs in optical communication and 6G by Chinese scientists have achieved cross-network integration between fiber optic and wireless communication systems, setting new records for data transmission rates, which supports the commercial maturity of high-speed communication technologies [3] Company Insights - Jiepu Te: Achieved a 20% increase in stock price, reflecting strong market interest in CPO technology [2] - Jufei Optoelectronics: Engaged in optical module packaging and has a subsidiary developing silicon photonic chips applicable to CPO technology, positioning the company to benefit from industry growth [5] - Zhilifang: Offers several core devices in the optical communication CPO semiconductor field, providing essential equipment support for the upstream of the CPO industry chain [6] - Zhongtian Technology: Capable of mass supply of a full range of optical modules (10G, 25G, 100G) and has made progress in 400G optical modules, aligning with CPO application scenarios [5] - Hengtong Optics: Early mover in CPO optical-electrical co-packaging, with ongoing R&D efforts aimed at achieving mass production of CPO products [6]