凯格精机更新：PCB+光模块+CPO设备稀缺低位标的，继续坚定看好 #今年各业务进入全面景气爆发趋势。 PCB的锡膏印刷设备年前接到客户意向大单，约等于去年全年体量。 公司目前正在积极扩产 #今年各业务进入全面景气爆发趋势。 PCB的锡膏印刷设备年前接到客户意向大单，约等于去年全年体量。 #cpo设备发布在即、又一新增成长曲线打开天花板。 公司预计3月中旬发布CPO前道贴装设备，下半年发布耦合设备，实现光模块后道+CPO前道全线布局。 凯格精机更新：PCB+光模块+CPO设备稀缺低位标的，继续坚定看好 #cpo设备发布在即、又一新增成长曲线打开天花板。 公司预计3月中旬发布CPO前道贴装设备，下半年发布耦合设备，实现光模块后道+CPO前道全线布局。 半导体的植球机、固晶机、碳化硅测试设备等今年订单均有望迎来快速增长。 #公司是景气赛道中稀缺的低位标的、值得高度重视。 当前市值对应今年仅25-30x，属于PCB和光模块上游板块的低位标的，随着后续新产品发布+主业和新业务爆发， 我们持续看好公司后续市值仍存在巨大空间。 公司目前正在积极扩产以应对需求。 光模块自动化产线1月接10条大单，预计后续将有更多订单。 ...

格隆汇2月27日丨元道通信(301139.SZ)在投资者互动平台表示，公司提供网络建设、维护和优化等通信 技术服务，保障通信运营商等客户信息通信网络各环节有效运行，为终端用户提供稳定、高质量网络环 境。 公司目前未涉及光模块领域的产品或订单。 ...

大家好！又到周五，来一起关注最新的市场行情和资讯~ 2月27日，A股主要指数开盘飘绿，科创综指、创业板指跌超1%。开盘后市场震荡分化，截至发稿，上证指数率先翻红。 | 4148.39 | 14446.28 | | 3305.09 | | | | --- | --- | --- | --- | --- | --- | | 上证指数 +0.04% | 深证成指 -0.40% | | 创业板指 -1.19% | | | | 上证指数(SH:000001) | | | | ಳಿ | 加自选 | | 4148.14 +1.51 +0.04% | | | | 163.61 万球友关注 交易中 02-27 10:00:29 北京时间 | | | 最高: 4152.26 | 今开:4128.90 | | 成交量：2.09亿手 | 换手:0.46% | | | 最低:4128.36 | 昨收:4146.63 | | 成交额：3356.72亿 | 量比：2.88 | | | 52周最高: 4190.87 | 上涨:957 | | 振幅: 0.58% | 平盘:97 | | | 52周最低:3040.69 | 下跌:690 | | ...

（以上所列股票仅为指数成份股，无特定推荐之意） 创业板人工智能ETF华夏(159381)，场外联接(华夏创业板人工智能ETF发起式联接A：025505；华夏创业板人工智能ETF发起式联接C：025506)。 更多数据显示，截至2月26日，创业板人工智能ETF华夏近6月净值上涨46.24%，3个月超越基准年化收益为4.25%，均排可比基金首位。费率方面，创业板人 工智能ETF华夏管理费率为0.15%，托管费率为0.05%，费率在可比基金中最低。 截至2026年1月30日，创业板人工智能指数(970070)前十大权重股分别为中际旭创、新易盛、天孚通信、蓝色光标、润泽科技、协创数据、北京君正、昆仑 万维（维权）、同花顺、深信服，前十大权重股合计占比58.53%。（以上所列股票仅为指数成份股，无特定推荐之意） | 股票代码 | 股票简称 | 涨跌幅 | 权重 | | --- | --- | --- | --- | | 300502 | 新易盛 | -5.52% | 15.46% | | 300308 | 中际旭创 | -4.41% | 15.39% | | 300394 | 天孚通信 | -4.70% | 6.79% ...

智通财经APP获悉，鸿腾精密(06088)盘中涨超7%，截至发稿，涨6.56%，报6.01港元，成交额2.38亿港 元。 国投证券国际此前发布研报称，鸿腾精密当前处于估值体系切换的关键窗口期，市场长期将其视为传统 的"消费电子组装/线缆厂"，然而随着公司在AI服务器互连（背板、铜缆、液冷）及电动车业务的实质 性突破，其营收结构正向高毛利、高壁垒的"连接器与核心组件厂"转型。公司在光模块、CPO（光电共 封装）技术、车用高压连接器等高毛利新产品的客户认证及量产进度，将是优化产品结构、推动整体毛 利率持续改善的关键。2026年高毛利相关业务预计迎来业绩放量。 ...

2月25日，A股市场早盘震荡拉升，三大指数均涨超1%，截至午间收盘，沪指涨1.20%，深成指涨 1.47%，站上14400点，创业板指涨1.43%。沪深两市半日成交额1.52万亿，较上个交易日放量104亿。 盘面上，涨价题材股轮番活跃，小金属、贵金属等有色板块走高，华锡有色、云南锗业等多股涨停；农 药、化工股延续涨势，金浦钛业、川金诺、六国化工等多股封板；油气股拉升走高，通源石油、洲际油 气涨停或涨超10%；锂矿股震荡走高，永杉锂业、大中矿业等封涨停；半导体产业链盘中震荡走强，设 备、材料方向领涨，富创精密、明阳电路涨超10%； 下跌方面，影视院线板块继续调整，横店影视连续两日跌停；AI应用概念走势较弱；存储芯片板块盘 初下挫；光模块、光纤板块部分个股回调。 展望后市，中原证券认为，综合假期内外盘表现及最新宏观动态，市场短期调整压力已得到部分释放， 但上行斜率将趋于平缓，指数层面大概率呈现宽幅震荡、结构分化的格局。 热门板块 1、有色金属板块走高 小金属、贵金属等有色板块走高，华锡有色、云南锗业等多股涨停。 点评：中银证券发布研报称，进入2026年，随着市场进入牛市第二阶段"盈利驱动上涨阶段"，在"反内 卷" ...

2月24日，华懋科技（sh603306）触及涨停，涨停价85.76元，涨幅10.01%，总市值282.57亿元，流 通市值282.57亿元，截止发稿，总成交额15.56亿元。根据喜娜AI异动分析，华懋科技涨停原因可能如 下，汽车安全+光模块+资产重组： 3、市场方面，近期光模块概念板块表现活跃，同概念的部分股票也有较好表现，形成板块联动效 应。资金流向显示，当日有主力资金流入华懋科技，推动股价涨停。从技术形态来看，股价突破了短期 的压力位，MACD指标也有向好趋势。 1、华懋科技拟收购富创优越，交易完成后将形成"汽车安全+半导体电子"双主业格局，能降低单一 行业风险，拓展高速增长的光通信市场。富创优越在800G/1.6T光模块PCBA领域市占率达30%，拥有85 项专利，具备技术壁垒与产品优势，为公司带来新的增长点。 2、光通信行业前景广阔，未来5年CAGR达22%，AI算力需求驱动高端产品增长，公司切入该领域 有望受益于行业发展。同时，富创优越2025 - 2027年累计承诺净利润7.8亿元，2024年备考净利润增幅 达301.9%，业绩承诺有一定保障。 ...

Group 1 - The core business of the company is the research, production, and sales of PCBs, with some products applied in optical modules, but the company does not manufacture optical modules [1] - This clarification helps investors understand the company's business boundaries and avoids misinterpretation related to the optical module concept [1] Group 2 - In the past 7 days, the stock price of the company has shown a fluctuating upward trend, with a cumulative increase of 7.13% [2] - Specific stock performance includes: - February 9: closing price of 45.20 yuan, up 2.36% in a single day - February 10: closing price of 47.48 yuan, up 5.04% with a transaction volume of 485 million yuan - February 11: closing price of 46.06 yuan, down 2.99% with a net outflow of 19.30 million yuan - February 12: closing price of 46.88 yuan, up 1.78% with a net inflow of 9.32 million yuan and a transaction volume of 332 million yuan - February 13: closing price of 47.31 yuan, up 0.92% with a net inflow of 3.06 million yuan and a transaction volume of 383 million yuan [2] - The flow of funds indicates a divergence in main investor sentiment, but overall stock prices are supported by the PCB industry's prosperity and emerging applications such as automotive electronics and optical module concepts [2]

Stock Performance - As of February 13, the stock price of LianTe Technology was 185.42 yuan, down 4.32% for the day, with a trading volume of 856 million yuan and a turnover rate of 6.73% [2] - The stock exhibited a wide fluctuation range of 32.25% over the past month, with a high of 229.90 yuan and a low of 172.80 yuan [2] Capital Flow - Recent capital flow indicates increased short-term volatility, with a net inflow of 52.42 million yuan on February 12, leading to a 5.07% price increase, followed by a net outflow on February 13, resulting in a cumulative net outflow of 343 million yuan over the past five days [3] - Retail investor funds showed a contrary net inflow, reflecting market participant divergence [3] Operational Performance - The company reported a single-quarter revenue of 342 million yuan and a net profit of 46.99 million yuan for Q3 2025, with a gross margin increase to 42.66% [4] - The shipment proportion of 800G optical modules rose to 72%, while 1.6T products are currently in the customer sampling phase [4] Financial Condition - For the first three quarters of 2025, the net cash flow from operating activities was -108 million yuan, representing a year-on-year decline of 321.93%, with accounts receivable surging by 115% and inventory increasing by 66% [5] - Over 90% of optical chips are imported, raising concerns about supply chain stability [5] Valuation - The current price-to-earnings ratio stands at 213.86 times, significantly higher than the average industry level of 40-50 times, indicating high market expectations for performance realization [6] Technical Indicators - The stock price has fallen below the 5-day, 10-day, and 20-day moving averages, indicating weak short-term momentum [7] - Bollinger Bands show a resistance level at 224.28 yuan and a support level at 179.23 yuan [7] Sector Performance - The communication equipment sector declined by 1.52% on February 13, underperforming the broader market, with overseas tech stock pullbacks negatively impacting sentiment in the A-share optical module market [8] - Overall, the stock's volatility is attributed to a combination of high growth expectations, valuation bubbles, financial risks, technical adjustments, and external market fluctuations [8]

Market Overview - The market saw a total trading volume of 2.16 trillion yuan, an increase of 157.6 billion yuan compared to the previous day [6] - The Shanghai Composite Index rose by 0.05%, the ChiNext Index increased by 1.32%, and the Shenzhen Component Index gained 0.86% [6] Investment Opportunities - Financial analysts from Caixin Securities suggest that there are still many structural opportunities in the market despite a decrease in trading activity as the Spring Festival approaches [2][6] - The AI application and CPO sectors have experienced adjustments, but the dividend cycle remains active, indicating potential for growth [2][6] ETF Offerings - Hwabao Fund has launched three major broad-based ETFs tracking the CSI A50, CSI A100, and CSI A500 indices, providing investors with diverse options to invest in China [2][6] - The A50 ETF focuses on 50 core leading companies, while the A100 ETF encompasses the top 100 industry leaders, and the A500 ETF covers a broader range of stocks [2] Sector Performance - The top three sectors with net capital inflow include Electronics (155.71 billion yuan), Power Equipment (205.19 billion yuan), and Machinery Equipment (167.37 billion yuan) [6]