Core Viewpoint - The article highlights the significant growth and investment opportunities in the AI-driven optical module market, particularly focusing on the company NewEase, which has seen a remarkable increase in revenue and stock price due to the rising demand for AI infrastructure [2][3]. Financial Performance - NewEase reported a revenue of 10.437 billion yuan for the past six months, representing a year-on-year growth of 282.64%, while net profit surged by 355.68% to 3.942 billion yuan [4]. - The operating cash flow net amount, indicative of the company's "self-sustaining" ability, increased fourfold to 0.953 billion yuan [4]. Business Model and Market Position - NewEase specializes in optical modules, which are essential for data transmission infrastructure, serving major clients like Nvidia, Microsoft, and Amazon [4]. - The company has been a pioneer in the industry, launching the first low-power 400G optical module in 2018 and achieving mass production in 2019, followed by the introduction of 800G and 1.6T modules [4][5]. Future Growth Potential - The explosive growth of AI technology is expected to drive a threefold increase in NewEase's performance in 2024, with projected sales of 2 billion yuan and production volumes of 9.79 million and 8.73 million optical modules [5]. - By the first half of 2025, NewEase's production capacity is anticipated to reach a historical peak of 15.2 million units [5]. Leadership Background - The founder, Gao Hongrong, started his career in the optical communication industry at a young age and founded NewEase at nearly 40 years old, accumulating extensive experience in various roles before establishing the company [6][9][10]. Shareholder Composition - NewEase has a relatively dispersed shareholding structure, with the top two shareholders, Gao Hongrong and General Manager Huang Xiaolei, holding a combined 14.53% of shares, while several funds occupy half of the top ten shareholder positions [12]. - The increasing institutional interest in NewEase is driven by the high growth potential of the optical module market, which is crucial for AI computing power [12]. Market Trends - The article notes that NewEase, along with peers like Zhongji Xuchuang and Tianfu Communication, has been collectively referred to as "Easy Zhongtian," with all three companies experiencing significant stock price increases since April [12]. - The demand for optical modules is expected to remain robust, with NewEase anticipating continued high market activity through 2025 [12].
成都中专生，干出3500亿
投资界·2025-09-03 08:18