前言 《电报解读》是一款主打时效性和专业性的即时资讯解读产品。侧重于挖掘重要事件的投资价值、分析 产业链公司以及解读重磅政策的要点。即时为用户提供快讯信息对市场影响的投资参考，将信息的价值 用专业的视角、朴素的语言、图文并茂的方式呈现给用户。 CPO+光芯片+核电，已从光纤光缆切入光芯片、光模块全产业链，适配400G光模块的产品通过客户验 证，这家公司先后参与863高温超导带材等多个示范性项目，超导领域客户包括能量奇点、星环聚能等企 业。 ...

Core Viewpoint - Applied Optoelectronics Inc. (NASDAQ:AAOI) has seen significant stock performance, driven by positive investment recommendations and strong demand for its products in the AI sector [1][2]. Group 1: Stock Performance - On a recent trading day, Applied Optoelectronics' stock reached a high of $46.30, ultimately closing at $45.23, reflecting a 20.97% increase [1]. - The stock's surge is attributed to a "buy" recommendation from an investment firm, indicating strong investor confidence [1]. Group 2: Product Demand and Market Position - Zacks Research highlighted the importance of Applied Optoelectronics' laser transceivers in the AI revolution, noting their ability to surpass the limitations of traditional copper cables, which is crucial for the data flow needed for large AI models [2]. - The company is benefiting from a shift away from expensive copper materials and an increase in data center expansions, positioning it favorably in the market [3]. - Recently, Applied Optoelectronics launched a new 400-milliwatt narrow-line-width pump laser, aimed at meeting the rising demand for silicon photonics and co-packaged optics in AI data centers [3][4]. Group 3: Technical Advancements - The new laser product is designed to enhance performance in applications where broader line widths or higher noise figures are limiting factors, providing a stable light source for advanced technologies [4].

Group 1 - The CPO concept stocks in the A-share market mostly rose, with notable gains from companies such as 可川科技, 太辰光, and 长芯博创 [1] - 可川科技 reached a limit-up of 10%, while 太辰光 increased by over 8% [1] - Other companies like 长飞光纤, 中富电路, and 德科立 saw increases of over 6% [1] Group 2 - The market capitalization of 可川科技 is 11.7 billion, with a year-to-date increase of 96.74% [2] - 太辰光 has a market cap of 26 billion and a year-to-date decrease of 0.94% [2] - 长飞光线 has a market cap of 111.8 billion and a year-to-date increase of 16.02% [2]

证券代码：688313 证券简称：仕佳光子 公告编号：2026-002 河南仕佳光子科技股份有限公司 2025年年度业绩预告 3、归属于上市公司股东的扣除非经常性损益后的净利润34,070万元左右，与上年同期相比，增额29,256 万元左右，增幅607.73%左右。 （三）以上预告数据，系财务部门初步测算，未经审计机构审计。 二、上年同期业绩情况和财务状况 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性依法承担法律责任。 一、本期业绩预告情况 （一）业绩预告期间 2025年（2025年1月1日至2025年12月31日）。 （二）业绩预告情况 1、营业收入212,900万元左右，与上年同期相比，增额105,447万元左右，增幅98.13%左右。 2、归属于上市公司股东的净利润34,150万元左右，与上年同期相比，增额27,657万元左右，增幅 425.95%左右。 （二）归属于上市公司股东的净利润、扣除非经常性损益后的净利润增长的原因：主要系营业收入同比 增加，持续提高运营管控能力，加强降本增效工作，提高产品良率，产品竞争力增强，盈利能力提高 ...

转自：智通财经 【仕佳光子：2025年净利同比预增426%左右 光芯片和器件、室内光缆、线缆高分子材料的产品订单同 比增长】《科创板日报》27日讯，仕佳光子(688313.SH)发布2025年年度业绩预告，预计归属于上市公 司股东的净利润为3.42亿元左右，比上年同期增长425.95%左右。报告期内，受人工智能发展驱动，数 通市场快速增长，公司光芯片和器件、室内光缆、线缆高分子材料的产品订单较上年同期实现不同程度 增长，产品竞争优势凸显；同时加强降本增效、提升良率，盈利能力显著增强。 ...

人民财讯1月27日电，仕佳光子(688313)1月27日公告，预计2025年实现归母净利润3.42亿元左右，同比 增长425.95%左右。报告期内，受人工智能发展驱动，数通市场快速增长，公司适应市场需求，产品竞 争优势凸显，客户认可度提高。光芯片和器件、室内光缆、线缆高分子材料的产品订单较上年同期实现 不同程度增长。 ...

Group 1 - The core viewpoint of the news highlights the financial performance and trading activities of Dekoli, indicating a significant increase in financing and trading volumes, alongside a notable rise in shareholder numbers [1][2][3] Group 2 - As of January 26, Dekoli's stock price increased by 1.58%, with a trading volume of 923 million yuan. The financing buy-in amount was 123 million yuan, while the financing repayment was 118 million yuan, resulting in a net financing buy of 5.61 million yuan [1] - The total financing and securities lending balance for Dekoli reached 1.56 billion yuan, accounting for 7.11% of its market capitalization, indicating a high level of financing activity compared to the past year [1] - The company reported a revenue of 652 million yuan for the period from January to September 2025, reflecting a year-on-year growth of 8.59%. However, the net profit attributable to shareholders decreased by 47.43% to 40.11 million yuan [2] - Dekoli has distributed a total of 158 million yuan in dividends since its A-share listing [3] - As of September 30, 2025, the number of shareholders increased to 17,300, a rise of 81.68%, while the average number of circulating shares per person decreased by 2.48% to 9,163 shares [2]

Group 1 - The core viewpoint of the article highlights that Junyi Digital (301172) has confirmed the application of aspheric glass lenses produced by Guanghong Precision in the optical communication field, specifically for high-speed optical modules [1] - The aspheric glass lenses are utilized in critical aspects such as optical path coupling and signal transmission, which enhance the efficiency and stability of optical signal transmission [1] - The technology has potential compatibility with optical systems related to OCS (Optical Circuit Switching) full optical switches, indicating a significant advancement in optical communication technology [1]

Company Overview - Coherent Corp. (NYSE:COHR) is a manufacturer of engineered materials, laser systems, and optoelectronic components utilized in communications, industrial, and electronics sectors [2] - The company is recognized as a global leader in materials, networking, and lasers for various markets, including industrial, communications, electronics, and instrumentation [2] Market Performance - Recently, Coherent's stock has experienced a significant increase, described as a "banshee" run-up, indicating strong market interest and performance [1] - The company is benefiting from robust demand for its data center-related products, particularly optical transceivers, which are driving its growth [2] Investment Insights - Investment analysts, including Jim Cramer, express a positive outlook on Coherent, suggesting that any dips in stock price should be viewed as buying opportunities [1] - Despite the positive sentiment towards Coherent, some analysts believe that certain AI stocks may present greater upside potential with less downside risk [3]

Summary of Conference Call Notes Industry Overview - The conference call focuses on the silicon photonics industry, particularly the demand for 800G and 1.6T optical modules, which is experiencing a surge due to a shortage of upstream EML chips and an increase in silicon photonics module penetration rates [1][2]. Key Points and Arguments - **Silicon Photonics Technology**: By 2024, silicon photonics technology is expected to become the mainstream solution for high-speed optical modules. The penetration rate of silicon photonics modules is projected to significantly increase by 2025, with a transition to the 1.6T high-speed era anticipated by 2026. Current demand for 800G and 1.6T optical modules is strong, leading to a 20% shortage of upstream EML chips, while silicon chips and CW chips remain relatively abundant [2]. - **Investment Opportunities in Silicon Photonics**: The silicon photonics industry can be divided into two main areas: silicon photonic devices, modules, and engines, and supporting process equipment and software manufacturers. Leading companies such as Zhongji Xuchuang and Xinyi Sheng are well-positioned to benefit from the upcoming industry evolution. Additionally, companies like Robert Technologies and JEPET are highlighted for their coupling and testing equipment, respectively. Other suppliers of CW lasers and passive devices, such as Yuanjie Technology, Shijia Technology, and Zhishang Technology, are also worth monitoring [3]. - **TSMC's Performance and Impact**: TSMC reported a revenue of $33.7 billion for Q4 2025, exceeding expectations and showing a year-over-year growth of 1.9%. The gross margin increased by 2.8 percentage points to 62.3%. TSMC plans to significantly increase its capital expenditure budget for 2026 to between $52 billion and $56 billion, up from $40.9 billion in 2025. This indicates strong global demand for AI chips, which supports the demand for 800G and 1.6T high-speed modules and benefits related industries such as liquid cooling [4][5]. - **NVIDIA's CES Announcements**: At CES, NVIDIA introduced the VeloRoulette cabinet and CPO switch, featuring an Ethernet CPU switch with a dual ASIC design that supports 128 800G ports, providing a total bandwidth of 102.4T. This development indicates active progress in CPO solutions and is beneficial for the entire silicon photonics industry, accelerating the growth of CPO modules and liquid cooling demand [6]. - **Google Chain Development**: The Google chain encompasses five key areas: 1.6T optical modules represented by Zhongji Xuchuang, Xinyi Sheng, and Yuanjie Technology; the liquid cooling market led by Invec; server power upgrades benefiting Oulu Tong; OCS participation from companies like Tengjing Technology and Jujing Technology; and the MPO connector market led by Changfei Fiber amid rising prices. The Google ecosystem is entering a positive cycle, continuously driving AI computing demand, with all parties ensuring TPU capacity to meet the growing market needs [7]. Additional Important Insights - The overall trend indicates a robust growth trajectory for the silicon photonics industry, driven by advancements in technology and increasing demand for high-speed data transmission solutions. The interplay between major players like TSMC, NVIDIA, and Google is crucial for shaping the future landscape of this sector [1][6][7].