【国君通信】光模块企业预告显示行业持续高景气

Investment Rating - The report indicates a positive investment outlook for the optical module industry, highlighting sustained high demand and performance from leading companies [1]. Core Insights - The performance forecasts for leading optical module manufacturers show significant year-on-year profit growth, driven by increasing demand for 400G products in North America and expectations for 800G product shipments in the latter half of the year [1]. - China Unicom is accelerating its 5G-A deployment and enhancing its AI capabilities, aiming to create a more intelligent and efficient network ecosystem [1]. - The domestic computing power supply chain is maturing, with various components and systems being developed to support AI model training and inference, indicating investment opportunities in related sectors [1]. Summary by Sections Section 1: Performance Forecasts - Leading companies like Xinyisheng and Tianfu Communication are expected to report substantial profit increases, with Xinyisheng's net profit forecasted between 810 million to 950 million yuan, representing a year-on-year growth of 180.89% to 229.44% [1]. - Tianfu Communication's net profit is projected to be between 630 million to 678 million yuan, showing a year-on-year increase of 167% to 187% [1]. Section 2: China Unicom's Initiatives - China Unicom is focusing on new connections and business models, enhancing its 5G-A capabilities and promoting satellite internet commercialization [1]. - The company is also leveraging AI to improve network operations and has opened numerous AI application scenarios to support its initiatives [1]. Section 3: Supply Chain Development - The report outlines the components of an AI computing power system, including training and inference chips, high-speed optical modules, and data center infrastructure, indicating a robust domestic supply chain [1]. - Investment opportunities are highlighted in sectors that are well-positioned within this evolving supply chain [1].