康宁光通信在中国的发展历程，是一个从"引入产品"到"培育 生态"的过程。通过与本土光模块厂商、系统集成商的深度合 作，康宁不仅输出了产品，也参与制定了适应中国市场的高密 度连接标准。 作者：冯科翰 封图：图片资料室 如果置身于一个规划容纳数十万张加速卡的超大规模智算园区，人们会对"云端算力"这个词产生 一种全新的认知。 在这个由数以万计机柜堆叠而成的算力集群中，设备之间的物理互联跨度可能长达数公里。 这种大规模算力集群不仅消耗着相当于一座中型城市的电力，还面临着一个更为具体且棘手的工程 难题，如何在有限的物理空间内，塞进海量的连接线缆，并确保数据在如此长距离的传输中实现微 秒级的同步。 在传统的认知中，数据中心是算力的容器，但在这种超大规模的集群里，物理层的"连接"或许正 在成为制约效率的天花板。 当加速卡的数量从一千张增加到十万张甚至几十万张时，布线的复杂度并不是线性增长，而是指数 级爆发。同时面对AI智算中心单机柜功耗的不断上升，高密度布线解决方案在Scale-out和 Scale-up中将起到积极的作用。 这一布局承载着康宁对中国数字经济底座的判断，在算力成为核心生产力的当下，物理层面的连接 效率将直接 ...

如果置身于一个规划容纳数十万张加速卡的超大规模智算园区，人们会对"云端算力"这个词产生一种全新的认知。 在这个由数以万计机柜堆叠而成的算力集群中，设备之间的物理互联跨度可能长达数公里。 这意味着，如果不解决大规模智算中心连接密度、连接效率与空间占用的矛盾，堆叠再多的算力芯片也很难有效运转。 这种大规模算力集群不仅消耗着相当于一座中型城市的电力，还面临着一个更为具体且棘手的工程难题，如何在有限的物理空间内，塞进海量的连接线缆， 并确保数据在如此长距离的传输中实现微秒级的同步。 在传统的认知中，数据中心是算力的容器，但在这种超大规模的集群里，物理层的"连接"或许正在成为制约效率的天花板。 当加速卡的数量从一千张增加到十万张甚至几十万张时，布线的复杂度并不是线性增长，而是指数级爆发。同时面对AI智算中心单机柜功耗的不断上升， 高密度布线解决方案在Scale-out和Scale-up中将起到积极的作用。 除此之外，当一个大模型需要调用成千上万张加速卡进行训练时，决定运算效率的，就不仅仅是单张加速卡的性能，同时也包括这些加速卡堆叠后能否保持 高带宽，低时延，无阻塞的数据交换。 在这个意义上，光纤网络不再是简单的连接配件 ...

证券日报网12月17日讯协创数据在12月16日回答调研者提问时表示，在公司服务器折旧方面，公司设有 完善的设备运维和维保团队尽力保障设备使用年限的最大化。公司服务器再制造业务，通过对各类退役 服务器及周边产品，进行标准化翻新和严格测试。既满足了客户对高性价比硬件的需求，也创造了稳定 的营收来源。通过维护能力有效提升GPU服务器集群的运维能力，与公司AI智算中心形成良好的协同 效应。 （文章来源：证券日报） ...

Group 1 - The company, Invt (002334.SZ), confirmed that its UPS and temperature control products are essential core components for data centers and AI computing centers, indicating their relevance in the construction and operation of these facilities [2] - The product line of the company covers and serves the needs of data centers and AI computing centers, highlighting its strategic positioning in the industry [2] - The rectifiers and inverters produced by the company are not only sold externally but also serve as key components in the company's industrial automation-related products [2]

申购日期:2025-12-08 周一 1 2003年成立 8、福建厦门 x 中信证券保存 业务院社 收入构成 | | | | | | | | | 单位:万元 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 产品类型 | 速率 | 2025年1-6月 | | 2024年度 | | 2023年度 | | 2022年度 | | 毛利率 | | | | 销售额 | 占比 | 销售额 | 日本 | 销售额 | 占比 | 销售额 | 占比 | | | | 10Gbps以下 | 10.615.18 | 44.53% | 17,886,19 | 43 58% | 16,216,42 | 51.82% | 19.314.16 | 57 21% | 46.06% | | 光通信收 发合 - 18-5 | 10Gbps | 10.020.23 | 42.03% | 16.113.56 | 39.26% | 11.053.69 | 35.32% | 9.961.29 | 29 50% | 52.44% | | 片 | 25Gbps ...

Group 1 - The article highlights the significant market share of the company in the photovoltaic fine tungsten wire sector, exceeding 80% [1] - The company has invested 2.2 billion yuan to further enhance its presence in the new energy sector, focusing on FPC, CDU, batteries, energy storage, and AI computing centers [1] - The company plans to raise 3.7 billion yuan through a private placement to fund high-end storage projects aimed at the AI field, including main control chips and advanced packaging [1]

Core Viewpoint - The company plans to acquire 100% equity of Guanglong Integrated and 80% equity of Aojian Microelectronics through a combination of issuing shares and cash payment, while also raising supporting funds from specific investors [1][2] Group 1: Acquisition Details - The acquisition involves Guanglong Integrated, which specializes in the research, production, and sales of passive optical devices, including optical switches and other optical components [2] - Aojian Microelectronics focuses on high-performance analog chip design, with core products in power management and signal chain analog chips [2] - The share issuance price for the acquisition is set at 7.38 yuan per share, with the fundraising price based on the average stock price over the 20 trading days prior to the issuance [1] Group 2: Strategic Rationale - The transaction is expected to create synergies in market, technology, products, production, and procurement between the listed company and the target companies [2] - This acquisition is viewed as a proactive measure to expand and strengthen the company's main business, enhancing its sustainability and operational capabilities [2] Group 3: Stock Resumption - The company's stock is scheduled to resume trading on November 10, 2025 [3]

Core Viewpoint - The company plans to acquire 100% equity of Guanglong Integrated and 80% equity of Aojian Microelectronics through a combination of share issuance and cash payment, aiming to enhance its market position and product offerings in the optical and analog chip sectors [1][2]. Group 1: Acquisition Details - The acquisition involves Guanglong Integrated, which specializes in passive optical devices, and Aojian Microelectronics, focused on high-performance analog chips [1][2]. - Guanglong Integrated's product line includes optical switches, optical protection modules, and other optical devices, while Aojian Microelectronics offers power management and signal chain analog chips [2]. Group 2: Market and Product Synergies - There are significant market synergies, as the company has strong distribution capabilities and customer resources that can accelerate market entry for the acquired companies [3]. - The technical and product synergies include shared expertise in optical signal conversion and MEMS technology, allowing for complementary advancements in product offerings [3]. - The company is expected to provide manufacturing capacity for MEMS mirrors to Guanglong Integrated and integrate supply chain resources for Aojian Microelectronics [3].

Core Viewpoint - The company plans to acquire 100% equity of Guanglong Integrated and 80% equity of Aojian Microelectronics through a combination of share issuance and cash payment, with the aim of enhancing its market position and product offerings in the optical and analog chip sectors [1][2]. Group 1: Acquisition Details - The acquisition involves Guanglong Integrated becoming a wholly-owned subsidiary and Aojian Microelectronics becoming a controlling subsidiary of the listed company [1]. - The transaction is subject to the completion of auditing and asset evaluation, with the final transaction price yet to be determined [1]. Group 2: Business Overview - Guanglong Integrated specializes in the R&D, production, and sales of passive optical devices, including a wide range of optical switches and other optical components, catering to various industries and applications [2]. - Aojian Microelectronics focuses on high-performance analog chip design, with core products in power management and signal chain categories, serving sectors such as consumer electronics and automotive electronics [2]. Group 3: Synergies - There are significant market, product, and technical synergies between the listed company and the target companies, with the listed company having strong distribution capabilities and customer resources to accelerate market entry for the target companies [3]. - The listed company possesses deep expertise in optical signal conversion and MEMS technology, which can complement the technical strengths of Guanglong Integrated and Aojian Microelectronics [3]. - The acquisition is expected to enhance production and procurement efficiencies, providing Guanglong Integrated with MEMS manufacturing capacity and integrating supply chain resources for Aojian Microelectronics [3].

Core Viewpoint - The company held a half-year performance briefing on October 22, 2025, to communicate with investors and address their concerns regarding the company's operational performance and strategic initiatives [1][2]. Summary by Sections Meeting Overview - The performance briefing was announced on October 15, 2025, and took place on October 22, 2025, from 13:00 to 14:00 at the Shanghai Stock Exchange Roadshow Center [1][2]. Key Investor Questions and Company Responses - **Trade War Mitigation**: The company addressed how it is managing uncertainties related to trade wars, referring investors to the "Management Discussion and Analysis" section of its periodic reports for detailed measures [3]. - **Subsidiary Supply Chain**: The subsidiary, Hengbao Tong Malaysia, has been supplying products to FABRINET, indicating ongoing collaboration [3]. - **800G Optical Module Development**: The 800G optical module is currently in the sample testing phase, with no involvement in the development of 1.6T optical modules at this time [3]. - **Investor Communication Concerns**: The company acknowledged delays in responding to investor inquiries on the Shanghai Stock Exchange interaction platform and committed to improving communication [4][5]. - **Major Shareholder's Share Reduction**: The company confirmed that the recent share reduction by a major shareholder was compliant with regulations and did not involve any illegal actions [5]. - **Special Food Production Line Profitability**: The special food production line under subsidiary Water Fairy Pharmaceutical is progressing slowly due to multiple factors, with further details available in periodic reports [5]. Additional Information - Investors can access detailed information about the performance briefing through the Shanghai Stock Exchange Roadshow Center and the company's designated disclosure media [3]. - The company expressed gratitude to investors for their support and suggestions during the briefing [6].