证券日报网讯 2月26日，优迅股份在互动平台回答投资者提问时表示，公司将基于市场需求和技术趋势 持续推进创新。展望未来，优迅股份将继续聚焦光通信电芯片主业，依托正向设计能力和技术积累，响 应行业高速化与智能化升级需求，为接入网、数据中心、5G/6G及车载等应用场景提供解决方案。公司 战略以稳健发展为基调，具体进展将按信息披露规定及时公告。 （文章来源：证券日报） ...

Key Takeaways KEYS beats Q1 estimates with $1.6B revenue and EPS of $2.17, up from $1.82 a year ago.KEYS saw 27% CSG growth on AI data centers, 5G/6G, NTN and strong wireline, wireless demand.KEYS guided Q2 revenue to $1.69-$1.71B and EPS of $2.27-$2.33 after strong orders and margins.Keysight Technologies, Inc. (KEYS) reported strong first-quarter fiscal 2026 results, with both top and bottom lines surpassing the Zacks Consensus Estimate.The leading electronic design and testing solution provider reported ...

Core Viewpoint - MT ferrules are essential components in multi-core fiber optic connectors, playing a critical role in modern high-speed optical communication networks, with increasing demand driven by the expansion of 5G, 6G, and data centers [3][4][6]. Market Overview and Forecast - The global MT ferrule market is projected to grow from USD 262 million in 2024 to USD 416 million by 2031, with a compound annual growth rate (CAGR) of approximately 8.5% [6]. - In terms of volume, global sales of MT ferrules are expected to rise from approximately 84.87 million units in 2024 to 137.67 million units by 2031 [6]. - The 16-24 core type of MT ferrule is the most widely used, expected to account for about 65.31% of the market share in 2024, particularly in data centers and communication base stations [6]. Application Areas - The primary application area for MT ferrules is signal base stations, projected to account for approximately 39.08% of global revenue in 2024, followed by data centers and consumer electronics [6]. - The Asia-Pacific region has been the largest market for MT ferrules, expected to maintain a leading position with a market share of about 52.01% in 2024 [6]. Industry Drivers - The rapid development of cloud computing, artificial intelligence, and big data is driving the demand for high-speed and large-scale data center construction, which in turn increases the need for MT ferrules [9]. - The trend towards domestic production and the maturation of the supply chain for optical modules and connectors are raising the demand for high-precision MT ferrules [9][10]. Competitive Landscape - Major manufacturers of MT ferrules include USConec, Hakusan, Nissin Kasei, Sumitomo, and Furukawa Electric, which collectively hold over 71.57% of the market share [8]. - The industry is characterized by high concentration, and competition is expected to intensify as the optical communication market in China and the Asia-Pacific region grows rapidly [8]. Development Trends - There is a trend towards higher core counts and port densities in MT ferrules, with a shift from traditional 8-core and 12-core to 16-core and 24-core configurations to meet the demands of ultra-large data centers and AI computing clusters [15]. - The demand for single-mode MT ferrules is increasing as data center transmission distances lengthen, requiring higher precision and quality [16]. - Low-loss and ultra-low-loss MT ferrules are becoming core competitive indicators, with manufacturers focusing on optimizing materials and processing techniques to enhance performance [17].

铌酸锂是一种典型铁电单晶功能氧化物，被集成/导波光学长期视为"基础功能材料平台"。薄膜铌酸锂 (TFLN/LNOI)是把单晶LiNbO做成亚微米薄膜，由于铌酸锂/SiO折射率对比更高，可实现更强光场约束 与更小弯曲半径，显著缩小器件尺寸、提高片上集成密度。相比传统体铌酸锂波导工艺因折差弱导致结 构尺度被限制、难以高密度集成，LNOI通过"薄膜化+高折差"把铌酸锂的电光/非线性优势带到纳米级 强约束光子结构中，并更接近成熟半导体光子平台的可扩展制造路径。 产业趋势&竞争格局 伴随5G/6G、AI算力增长、数据中心升级及AR智能眼镜兴起，铌酸锂晶体凭借优异的压电、铁电与电 光性能，成为新一代光子芯片的核心基础材料。随着大尺寸制备与薄膜化技术突破并实现量产，其在光 通信、射频器件和消费电子等领域需求激增，市场规模持续扩大。产业链上，中国已成全球铌酸锂制造 重镇，中国产能占全球42%(Credence数据)。天通股份已自主量产6英寸铌酸锂/钽酸锂晶体及黑化抛光 晶片，实现技术可控;济南晶正更在2023年占据全球78%的薄膜铌酸锂晶圆供应，彰显国内企业在关键 环节的领先竞争力。 AR眼镜和光通信是潜在增量市场 AR眼镜 ...

Group 1 - Company plans to invest 1.82 billion yuan in high-end printed circuit board (PCB) project, aiming to enhance product structure and core competitiveness to meet the growing demand in emerging sectors [1][2] - The project will focus on the production capacity of high-layer boards and HDI boards, targeting an annual output of 840,000 square meters, which are essential for applications in AI infrastructure, smart electric vehicles, and other emerging fields [1][2] - The investment is expected to address the capacity shortfall in high-end PCB products, increasing the proportion of high-value-added products and reducing reliance on mid-to-low-end products [2] Group 2 - The PCB industry is experiencing a "low-end surplus, high-end shortage" situation, driven by rapid growth in AI, new energy vehicles, and 5G/6G sectors, presenting significant development opportunities [2] - The competitive landscape is increasingly polarized, with leading companies like Shenzhen South Circuit, Huadian Technology, and Shenghong Technology making technological breakthroughs in high-end PCBs, while smaller firms focus on mid-to-low-end markets [2] - The industry is accelerating its transition towards high-end, green, and intelligent manufacturing, where technological research and development capabilities and environmental standards are becoming key competitive advantages [2][3]

Group 1 - Ainanju (920770) announced that several shareholders plan to reduce their holdings, with a maximum reduction of 147.17 thousand shares (1.1309%) by Jiaxing Xinmeng Investment Co., Ltd. and 67.92 thousand shares (0.5219%) by Zhang Lianghua [2] - Huaguangyuanhai (920351) reported that its controlling shareholders intend to reduce their stakes, with a maximum reduction of 43.6875 thousand shares (0.5%) by Changsha Yuan San Enterprise Management Consulting Partnership and similar reductions by other related parties [3] - Xinganjiang (920367) disclosed that major shareholders have completed their share reduction plans, with Zhang Ming reducing 55.9803 thousand shares (0.79%) for a total of 12.23 million yuan [4] Group 2 - Jinbo Biological (920982) received approval from the China Securities Regulatory Commission for a stock issuance to specific investors, valid for 12 months [5] - Danna (920009) signed a significant construction contract worth approximately 126 million yuan with China Construction Sixth Engineering Bureau, scheduled to start on January 26, 2026 [6] - Parallel Technology (920493) plans to purchase GPU computing servers and other assets, with total contracts not exceeding 185.2 million yuan [7] Group 3 - Fujida (920640) announced that two IEC international standards it led have been approved for publication, filling a gap in international specifications for RF coaxial cable components [8][9] - Honghai Technology (920108) plans to invest approximately 95.4 million yuan in constructing a new factory in Thailand as part of its strategic development [10] - Yintu Network (920508) reported the purchase of financial products totaling 24 million yuan to enhance the efficiency of its idle funds [11] - Jiangtian Technology (920121) announced a cash management initiative using 50 million yuan of idle funds [12]

Core Viewpoint - Hefei Qizhong Technology Co., Ltd. plans to invest 50 million yuan in Zhejiang Hexin Integrated Circuit Co., Ltd., acquiring a 2.27% stake, indicating a strategic move to enhance industry collaboration and competitive advantage in the integrated circuit packaging sector [2] Group 1: Investment Details - The investment will increase Hexin Integrated's registered capital by 26 million yuan, bringing its total registered capital to 105.716 million yuan [2] - Hexin Integrated, established in January 2021, focuses on advanced packaging and testing for integrated circuits, covering key areas such as information communication, AI, big data centers, automotive electronics, and smart terminals [2] Group 2: Strategic Considerations - Qizhong Technology aims to leverage this investment for customer resource expansion, technology capability complementarity, and enhancement of the advanced packaging ecosystem, thereby solidifying its industry position [2] - The collaboration will enable Qizhong to penetrate AI and high-performance computing chip packaging markets, while Hexin can accelerate technology commercialization through Qizhong's established market channels [3] Group 3: Technical Synergy - Qizhong has significant expertise in bumping and flip-chip packaging technologies, leading the industry in full-process testing for 8-inch and 12-inch display driver chips [3] - Hexin Integrated focuses on advanced packaging technologies, creating a unique platform for both wafer-level and panel-level advanced packaging processes, allowing for a comprehensive technical chain from basic to high-end integration [3] Group 4: Industry Ecosystem and Market Expansion - Qizhong is advancing a strategy centered on high-end display driver chip packaging while diversifying into various chip packaging areas, aligning with Hexin's capabilities in flip-chip, wafer-level, and panel-level packaging technologies [4] - The partnership will enhance capabilities in 5G/6G and automotive electronics packaging, optimizing resource allocation and cost control through collaborative capacity planning and supply chain synergy [4]

Core Viewpoint - The company, Dali Kipu, specializes in high-end applications including semiconductor equipment, smart medical devices, military industry, transportation information technology, aerospace, satellite internet systems, and 5G/6G optical communication systems, indicating significant future value potential [1] Group 1: Company Performance - The company aims to increase its revenue following the completion of its fundraising project phase one last year [1] - The company holds a 5.4% share of the global market for RF microwave MLCCs, ranking 6th globally and 1st among Chinese companies according to the "2025 China MLCC Market Competition Research Report" [1]

Core Viewpoint - The commercial aerospace sector is experiencing significant growth, driven by policy support and advancements in technology, with a notable increase in satellite ETF performance and investment opportunities in satellite communication and launch services [1][2]. Group 1: Market Performance - As of January 9, the satellite ETF (159206) rose by 7.22%, with constituent stocks such as Xinke Mobile and Zhenyou Technology hitting the daily limit up [1]. - The latest scale of the satellite ETF reached 9.426 billion yuan, marking a new high since its inception [1]. Group 2: Policy Developments - Guangzhou has issued a plan to accelerate the construction of an advanced manufacturing city, focusing on low-cost, high-reliability launch vehicles and satellite constellations, aiming to establish a southern aerospace hub [1]. - The plan emphasizes breakthroughs in reusable technology and the development of satellite communication and remote sensing equipment, integrating new information technologies like AI and 5G/6G [1]. Group 3: Industry Developments - China has submitted an application to the International Telecommunication Union (ITU) for an additional 203,000 satellites, covering 14 satellite constellations, with CTC-1 and CTC-2 being the main contributors [1]. - Blue Arrow Aerospace has signed contracts with China Star Network and Yuanxin Satellite for launch services, marking a significant step for private rocket companies in undertaking national satellite constellation deployment [2]. - Guosheng Securities predicts a new wave of growth in the commercial aerospace sector, driven by policy support and accelerated launch schedules for low-orbit satellite constellations [2]. Group 4: Investment Opportunities - The satellite ETF (159206) is the first and largest of its kind in the market, focusing on commercial aerospace and satellite communication, and is expected to benefit from the current market trends [3]. - Investors can access commercial aerospace opportunities through linked funds, indicating a growing interest in this sector [3].

Market Performance - The US stock market showed mixed performance, with the Dow Jones Industrial Average rising by 0.55% to close at 49,266.11, while the S&P 500 saw a slight increase of 0.01% to 6,921.46, and the Nasdaq Composite fell by 0.44% to 23,480.02 [1] - Major tech stocks experienced a pullback, with Broadcom down 3.21%, Nvidia down 2.19%, and Apple declining for the seventh consecutive trading day, down 0.5% [1] - Conversely, some large tech stocks rose, including Amazon up 1.96%, Alphabet up 1.1%, and Tesla up 1.02% [2] Chinese Market Insights - The Nasdaq China Golden Dragon Index increased by 1.09%, with Alibaba rising by 5.29%, JD.com by 2.20%, and Pinduoduo by 0.52%, while Baidu fell by 3.78% [3] Commodity Prices - WTI crude oil for February delivery rose by $1.77 to $57.76 per barrel, marking a 3.16% increase [4] - Gold prices remained stable, with spot gold at $4,452.64 per ounce and futures gold slightly down to $4,460.70 [5] Regulatory Developments - The Chinese market regulator held discussions with major photovoltaic companies regarding monopoly risks and required them to submit written rectification measures by January 20 [6] - The Guangzhou government issued a plan to accelerate the development of advanced manufacturing, focusing on low-altitude economy and commercial aerospace, aiming to establish a series of launch vehicle industry bases [7] Corporate Actions - China Petroleum and Chemical Corporation is undergoing a restructuring with China Aviation Oil [7] - Notable corporate announcements include Vanke A's executive retirement, and several companies reporting significant expected losses or restructuring plans [7]