长江商报消息 ●长江商报记者 潘瑞冬 光模块龙头中际旭创（300308.SZ）业绩和股价狂飙。 12月8日，中际旭创股价大涨6.14%，盘中再创历史新高，最新市值达6333亿元。 12月7日晚间，中际旭创在互动平台上回应3.2T产品的研发进展，称3.2T光模块产品尚在研发和完善 中。3.2T光模块作为下一代高速光通信核心产品，其研发进度备受市场关注。 长江商报记者注意到，为支持技术走在行业前列，中际旭创持续加码研发，2024年度研发费用突破十亿 元，达12.44亿元，2025年前三季度研发费用同比继续增长27.41%至9.45亿元。仅近两年时间，中际旭 创就投入了超21亿元研发费用。 近年来，中际旭创业绩持续高增。2020年至2022年，中际旭创实现的营业收入分别为70.5亿元、76.95亿 元、96.42亿元，同比增长48.17%、9.16%、25.29%；归母净利润为8.65亿元、8.77亿元、12.24亿元，同 比增长68.55%、1.33%、39.57%。 消息面上，OpenAI近日面向开发者群体正式发布全新编程模型GPT-5.1-Codex-Max，这款模型凭借性能 升级与价格持平的双重优势，迅速引 ...

一、ETF行业快讯1.三大指数集体上涨，通信设备ETF领涨 今日，三大指数集体上涨，上证综指上涨0.54%，深证成指上涨1.39%，创业板指上涨2.6%。多只通信 板块ETF上涨，其中，通信设备ETF（159583.SZ）上涨5.65%，创业板人工智能ETF大成（159242.SZ） 上涨5.56%，创业板人工智能ETF国泰（159388.SZ）上涨5.51%。食品饮料板块多只ETF下跌，酒ETF （512690.SH）下跌1.07%，食品ETF（159862.SZ）下跌0.91%，消费ETF南方（159689.SZ）下跌 0.91%。 天风证券指出，市场近期处于震荡，我们仍坚定看好算力产业链核心标的的投资机会。其中，海外算力 产业链高景气度依旧，相关公司财报持续体现AI相关需求的高景气，相关产业链的基本面共振更强。 国内方面，后续伴随着国产算力持续发展，大厂如阿里、字节等对于AI的持续投资，仍然看好AI行业 以及围绕AIDC产业链的持续高景气。整体上我们积极看好2025年或成为国内AI基础设施竞赛元年以及 应用开花结果之年。中美AI均进展不断，同时推理端持续推进。建议持续关注AI产业动态及AI应用的 投资机 ...

相关机构表示，AI应用的不断落地，将进一步倒逼算力基础设施以及端侧算力基础设施加快建设，持 续看好相关产业链的投资机会，以AIDC产业链为代表的光模块、PCB、主设备商以及铜缆等环节，作 为算力基础的基本支撑，需求快速释放，产业链迎业绩及估值的戴维斯双击，建议持续关注。 创业板指作为A股市场最具代表性的"上涨先锋"，其重点布局光模块龙头"易中天"等A股硬科技龙头， 其中中际旭创占比9.12%、新易盛占比6.28%、天孚通信占比1.4%。此外，指数聚焦新质生产力方向， 目前其申万前四大行业分别为电力设备（33.8%）、通信（18.4%）、电子（14.1%）、医药生物 （8%），投资者可考虑借道创业板ETF富国（159971）及其联接基金（A类161022/C类013277）分批布 局A股回升过程中的高成长机遇。 12月8日，A股全线高开高走，科技成长股领涨，创业板指一度大涨逾3%，突破3200点，科创50指数亦 大涨超2%，上证指数、深证成指等也稳步上扬。盘面上，通信、券商、复合铜箔等板块涨幅居前，沪 深京三市上涨个股近3800只。 科创、创业方向表现活跃。龙头效应较强的双创50ETF（588380）、创业板5 ...

把握算力+AI应用核心机会，建议重点关注全市场首只创业板人工智能ETF（159363）及场外联接 （023407），标的指数重点布局光模块龙头"易中天"，光模块含量最新超56%。从赛道分布看，逾七成 仓位布局算力，超两成仓位布局AI应用，能够高效捕捉AI主题行情。 每日经济新闻 （责任编辑：董萍萍 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 12月5日，光模块CPO、高速铜连接等AI硬件股活跃，创业板人工智能逆市上涨，致尚科技20CM 涨停，太辰光涨超7%，天孚通信涨超4%。热门ETF方面，同类规模最大、流动性最佳的创业板人工智 能ETF（159363）盘中异动拉升由跌转涨，现涨1.12%，实时成交额超2.8亿元，居全市场AI主题类ETF 首位。 消息面上，周二，亚马逊云服务(AWS)正式推出第三代定制AI芯片Trainium3，亚马逊宣称，新芯 片性能较上一代提升四倍，与同等GPU系统相比，可将 ...

Core Viewpoint - The market experienced fluctuations with the robotics sector leading gains, and the ChiNext 50 ETF (159949) showing significant trading activity and performance [1][7]. Market Performance - On December 4, the market saw a dip followed by a recovery, with the ChiNext index rising over 1% at one point. The ChiNext 50 ETF (159949) closed up 0.83% at 1.455 yuan, with a turnover rate of 3.58% and a trading volume of 898 million yuan, making it the top performer among similar ETFs [1][7]. Liquidity and Trading Data - As of December 3, the ChiNext 50 ETF (159949) had a cumulative trading volume of 31.612 billion yuan over the last 20 trading days, averaging 1.581 billion yuan per day. Year-to-date, the total trading volume reached 321.825 billion yuan over 223 trading days, averaging 1.444 billion yuan per day [3][9]. Top Holdings - The latest quarterly report for the ChiNext 50 ETF (159949) lists its top ten holdings, which include leading companies such as CATL, Zhongji Xuchuang, Dongfang Wealth, Xinyisheng, Sungrow Power, Shenghong Technology, Huichuan Technology, Mindray, Yiwei Lithium Energy, and Tonghuashun [3][9]. Robotics Sector Insights - Tesla CEO Elon Musk recently shared a video of the Optimus humanoid robot running, indicating progress in the robotics field. The U.S. Secretary of Commerce has been actively engaging with robotics industry CEOs to support the sector's development, with potential executive orders on robotics being considered by the Trump administration [4][11]. Investment Recommendations - CITIC Securities reports that the hardware design for robots is nearing completion, with the Optimus V3.0 expected to launch in Q1 2026 and mass production by the end of 2026. The Chinese supply chain is crucial for Tesla's robotics, and investors are encouraged to focus on companies within this supply chain [5][11]. - Long-term investors in China's technology growth sector may find the ChiNext 50 ETF (159949) a convenient investment tool, with recommendations for dollar-cost averaging to mitigate short-term volatility [5][11].

Core Viewpoint - The news highlights the performance of the ChiNext 50 ETF (159949), which has shown a slight increase of 0.48% to 1.467 CNY, amidst a broader market fluctuation, indicating ongoing investor interest and activity in the growth sector [1][6]. Market Performance - As of 10:20 AM on December 3, the ChiNext 50 ETF (159949) was trading at 1.467 CNY, with a trading volume of 4.22 billion CNY and a turnover rate of 1.66% [1][6]. - The ETF has experienced a cumulative trading amount of 323.05 billion CNY over the last 20 trading days, averaging 16.15 billion CNY per day, and a total of 3,205.79 billion CNY over 222 trading days this year, averaging 14.44 billion CNY per day [7][10]. Top Holdings - The top ten holdings of the ChiNext 50 ETF (159949) include leading companies such as CATL, Zhongji Xuchuang, Dongfang Caifu, Xinyi Technology, Sungrow Power, Shenghong Technology, Huichuan Technology, Mindray, Yiwei Lithium Energy, and Tonghuashun [3][8]. Industry Insights - Longcheng Securities reports that the continuous implementation of AI applications will drive the acceleration of computing infrastructure, particularly in the AIDC industry chain, which includes optical modules, PCBs, and main equipment manufacturers, indicating a strong demand release and potential for performance and valuation growth [10]. - The report suggests that the demand for edge computing modules will steadily increase as AI applications continue to develop, transitioning from traditional data transmission modules to intelligent and computing modules [10]. Investment Recommendations - The ChiNext 50 ETF (159949) is presented as a convenient and efficient investment tool for investors looking to capitalize on the long-term growth of China's technology sector, with recommendations for dollar-cost averaging or phased investment strategies to mitigate short-term volatility [10].

Group 1 - The overseas computing power industry chain remains highly prosperous, with continuous reflection of AI-related demand in company financial reports, indicating stronger resonance in the industry chain fundamentals [1] - In China, the ongoing development of domestic computing power and continuous investment in AI by major companies like Alibaba and ByteDance are expected to sustain high prosperity in the AI industry and the AIDC industry chain, with 2025 anticipated to be a pivotal year for domestic AI infrastructure competition and application results [1] - Key areas to watch include optical modules & devices and liquid cooling, with silicon photonics technology emerging as the most popular optical technology, leading to rapid growth in sales of optical modules and accelerated development of CPO [1] Group 2 - The ChiNext AI ETF (159388) tracks the ChiNext AI Index (970070), which has a daily fluctuation of 20%, selecting listed companies involved in AI technology and related applications from the ChiNext market, covering various segments from hardware manufacturing to software development, reflecting the overall performance of AI-related listed companies in the ChiNext market with notable technological innovation and growth characteristics [1]

Group 1 - The core viewpoint of the article highlights the ongoing pullback in optical modules and the decline of the communication ETF (515880) by over 3.5%, despite significant capital inflows of over 2.4 billion yuan in the past 10 days, bringing its total size to over 11.7 billion yuan, making it the largest in its category [1] - Tianfeng Securities expresses a strong outlook on investment opportunities within the core segments of the computing power industry chain, noting that overseas companies continue to show high demand related to AI, with their financial reports reflecting robust fundamentals [1] - The domestic market is expected to benefit from the continuous development of local computing power, with major companies like Alibaba and ByteDance investing heavily in AI, maintaining a positive outlook on the AI industry and the AIDC industry chain [1] Group 2 - Open Source Securities indicates that with the introduction of the "14th Five-Year Plan" recommendations, the focus on technological self-sufficiency is expected to make the domestic computing power sector a market focal point [1] - The communication ETF (515880) has nearly 50% allocation in optical modules, and the combined allocation of "optical modules + servers + optical fibers + copper connections" exceeds 75%, suggesting a strategic opportunity for investors interested in the core computing power engine [1]

Core Viewpoint - The A-share market showed mixed performance with the ChiNext index experiencing a decline of over 1.5%, while sectors such as beauty care, retail, and food and beverage saw gains. The report highlights the ongoing volatility in the market and emphasizes the investment opportunities within the computing power industry chain, particularly in AI-related sectors [1]. Market Performance - On November 10, the three major A-share indices exhibited varied movements, with the ChiNext index dropping more than 1.5% [1]. - The communication and electronics sectors led the decline, while beauty care, retail, and food and beverage sectors were among the top gainers [1]. - The mainstream ETF, Kexin Chuangye 50 ETF (159783), fell nearly 2.5%, with significant declines in holdings such as Xinyisheng, Shenghong Technology, and others [1]. Industry Insights - Tianfeng Securities maintains a positive outlook on the investment opportunities within the core targets of the computing power industry chain, citing high demand for AI-related services reflected in overseas company earnings reports [1]. - The report indicates that the domestic computing power sector is expected to grow, driven by continued investments from major companies like Alibaba and ByteDance in AI [1]. - The overall sentiment suggests that 2025 may mark a pivotal year for domestic AI infrastructure competition and application development [1]. Investment Recommendations - Continuous monitoring of AI industry dynamics and investment opportunities related to AI applications is advised, as both China and the U.S. are making significant advancements in AI technologies [1].

Core Insights - The company reported a revenue of 930 million yuan for the first three quarters of 2025, representing a year-on-year growth of 9.27%, and a net profit attributable to shareholders of 178 million yuan, up 21.56% year-on-year [2] - In Q3 alone, the company achieved a revenue of 344 million yuan, marking a significant year-on-year increase of 25.62%, and a net profit of 69 million yuan, which is a 41.47% increase year-on-year, indicating strong operational resilience amid industry fluctuations [2] - The performance is attributed to the company's strategic positioning in the AI terminal application sector, aligning with industry trends [2] Business Overview - The company specializes in precision machinery manufacturing, focusing on high-precision mechanical components and precision cavity mold products, with a comprehensive layout in temperature control systems, liquid-cooled servers, diesel engines, gas turbines, engineering machinery, agricultural machinery castings, and data center supporting equipment [2] - The company has a significant market share in the AI computing power energy supply chain, positioning itself strategically in key segments [2] Client Engagement - The company's downstream clients are deeply involved in the core temperature control and energy supply segments of the AIDC industry chain, becoming essential players through technological iterations and practical applications, thus expanding the company's market opportunities [2] - In the temperature control sector, the company's core product, magnetic levitation compressor components, continues to capture high-end market share due to its high precision and low energy consumption [3] - The company has established long-term partnerships with leading global temperature control firms such as Johnson Controls, Trane Technologies, and Carrier, providing critical cooling equipment solutions for AIDC scenarios [3] Energy Supply Contributions - The company has entered the supply chains of major international power equipment manufacturers like Caterpillar, achieving stable bulk deliveries of diesel engine components and small batch supplies of gas turbine components, playing a crucial role in the "dual power supply assurance" system for data centers [3] - This engagement with major players in the energy supply sector has become a cornerstone of the company's revenue growth [3]