Group 1 - The average price of G.652.D optical fiber in China has increased significantly, reaching approximately 24 yuan per core kilometer in Q3 2025, a 20% increase from 20 yuan per core kilometer in Q2 2025, indicating a clear price recovery trend in the market [1] - The price of G.652.D loose fiber has risen by over 20% compared to early 2025, reflecting a positive signal of demand recovery in the optical communication industry [1] - The growth in demand for optical fiber is driven by the booming development of emerging applications such as data center interconnect (DCI), cloud computing, and intelligent computing, which are expected to support prices in the future [1] Group 2 - The DCI market is projected to grow from $1 billion in 2023 to $3 billion by 2028, with a compound annual growth rate (CAGR) of 25% from 2023 to 2028, indicating a rapid expansion of optical fiber demand [2] - The share of optical fiber demand in data center internal and DCI scenarios is expected to increase from less than 5% in 2024 to 35% by 2027, contributing to a global optical fiber demand of 880 million core kilometers by 2027 [2] - The optical communication sector in the A-share market is likely to experience valuation recovery due to improved industry conditions, with a focus on leading companies in the optical fiber and cable field, as well as those with competitive advantages in optical modules and devices [2]

Group 1 - The core point of the news is that Dekoli's stock price has increased by 5.06% to 149.78 CNY per share, with a total market capitalization of 23.708 billion CNY, and it has seen a cumulative increase of 54.74% over the past seven days [1] - Dekoli, established on January 31, 2000, specializes in the research, production, and sales of optical transceiver modules, optical amplifiers, and optical transmission subsystems, primarily used in key national development areas such as communication trunk transmission and 5G networks [1] - The company's main business revenue composition is as follows: transmission-related products account for 75.33%, access and data-related products for 23.54%, and others for 1.13% [1] Group 2 - According to data, Zhongjin Fund has a significant holding in Dekoli, with Zhongjin Hengyou A (005489) holding 8,965 shares, representing 4.08% of the fund's net value, making it the ninth-largest holding [2] - During the seven-day increase, the fund has realized a floating profit of approximately 45.21 thousand CNY [2] - Zhongjin Hengyou A was established on June 8, 2018, with a current scale of 19.7614 million CNY, and has reported a year-to-date return of 2.99% [2]

Core Insights - The Data Center Interconnect (DCI) market is expected to exceed $40 billion by 2025, with a year-on-year growth of 14.3% driven by policies and the demand for AI applications [1][2] - Companies in the DCI sector are experiencing significant revenue growth, with Zhongji Xuchuang's revenue projected to reach 23.862 billion yuan in 2024, a 122.64% increase year-on-year [2] - The demand for high-speed optical modules, particularly 800G and 1.6T products, is surging due to the global competition for computing power [2][4] Industry Growth - The DCI technology facilitates high-speed data transmission between data centers, which is crucial for managing the heavy computational load of AI data [2] - Companies like Zhongji Xuchuang are leading the market with substantial increases in revenue and profit, indicating a robust demand for their optical communication products [2][3] - Other companies in the supply chain, such as Shenzhen Xianying Technology and Guangdong Tongyu Communication, also reported net profit growth exceeding 100% in the first quarter [3] Company Strategies - Zhongji Xuchuang is solidifying its market position by continuously innovating and expanding its product offerings, including the successful launch of 800G and 1.6T optical modules [4] - Companies are focusing on developing new technologies, such as linear drive pluggable optical modules, to meet the increasing market demands for high-speed data transmission [4] - Jiangsu Hengtong Optic-Electric is actively engaging in research and development of key materials for hollow-core optical fibers, indicating a commitment to advancing technology in the DCI space [5] Technological Advancements - The industry is witnessing a shift towards more efficient optical components, with a focus on compact design and high integration to meet the rigorous demands of the market [4] - Companies are also exploring flexible direct current transmission technologies to support the rapid development of data centers [6]