从基金十大重仓股角度 数据显示，宝盈基金旗下1只基金重仓长盈通。宝盈新锐混合A（001543）二季度持有股数4.3万股，占 基金净值比例为1.01%，位居第七大重仓股。根据测算，今日浮亏损失约10.45万元。 宝盈新锐混合A（001543）成立日期2015年11月4日，最新规模1.48亿。今年以来收益31.83%，同类排 名2786/8172；近一年收益76.85%，同类排名1417/7995；成立以来收益195.7%。 宝盈新锐混合A（001543）基金经理为蔡丹。 截至发稿，蔡丹累计任职时间8年52天，现任基金资产总规模18.02亿元，任职期间最佳基金回报 93.26%， 任职期间最差基金回报0.99%。 9月23日，长盈通跌5.05%，截至发稿，报45.66元/股，成交1.16亿元，换手率2.63%，总市值55.88亿 元。 资料显示，武汉长盈通光电技术股份有限公司位于湖北省武汉市东湖开发区高新五路80号，成立日期 2010年5月18日，上市日期2022年12月12日，公司主营业务涉及从事光纤陀螺核心器件光纤环及其综合 解决方案研发、生产、销售和服务的国家级专精特新"小巨人"企业,致力于开拓以军用惯性导 ...

如果您希望可以时常见面，欢迎标星收藏哦~ 来源：内容 编译自 spectrum 。 光纤的传输速度极快，能够实现每秒数百太比特（terabits）的数据传输。然而，如今的 AI 数据 中心对带宽的需求更为庞大。 可行且具有竞争力的替代技术。" 不过，全球已铺设超过 500 亿公里 的传统光纤，要让行业接受一种需要全新生态（包括连接器、 熔接器和信号放大器）的光纤并非易事。 Poletti 表示，微软正在与合作伙伴共同开发相关生态系统，并已在欧洲的两个 Azure 数据中心之 间部署了早期版本的 DNANF。该测试安装提供两条超过 20 公里的链路，以保证地理多样性，使 用了包含 32 芯空芯光纤（HCFs） 和 48 芯单模光纤 的混合电缆。 "该项目将 HCF 的高速传播优势引入数据中心互连领域。"Poletti 说，"目前已有 1280 公里 的空 芯光纤投入使用并承载实时业务，这证明该技术不仅可行，而且已经准备好商业化落地。" 这种"永无止境的渴望"促使全球研究人员投入到空芯光纤的研发竞赛中——因为光在空气中的传播 速度比在玻璃中更快。如今，英国的研究人员开发出一种新型空芯光纤电缆，可以降低信号损耗并 ...

长飞光纤9月21日公告，信息披露义务人Draka Comteq B.V.于2025年9月19日通过香港联交所大宗交易方 式出售公司3759.5万股H股股份，占上市公司总股本的5.00%。此次权益变动后，Draka Comteq B.V.不再 持有公司H股股份。本次权益变动不涉及公司A股股份。 ...

亨通集团党委书记、董事局主席崔根良作为获奖企业代表出席大会时表示，中国质量奖既是荣誉更是责 任。未来，亨通将持续深化全员、全要素、全过程、全数字的新型质量管理体系，加强技术与管理创 新，提升全球核心竞争力，向着高科技、高质量的世界一流企业迈进，为建设质量强国、推进中国式现 代化贡献民企力量。 本届中国质量奖获奖名单中，还包括杭州海康威视（002415）数字技术股份有限公司、TCL科技 （000100）集团股份有限公司、万华化学（600309）集团股份有限公司、中国三峡建工（集团）有限公 司、袁隆平农业高科技股份有限公司、北京市东城区史家胡同小学、北京微电子技术研究所倒装焊封装 组、贵州射电天文台中国天眼（FAST）团队等组织。 作为中国信息与能源互联领域领军企业，亨通自创立之初便确立"高起点、高科技、高效率、高标准、 高水平"的"五高方针"，将质量视为企业"生命线"。围绕"自主研发创新、产业链供应链自主可控、为客 户创造价值、保障国家海洋通信安全"的质量战略目标，企业历经多年实践探索，总结形成"四全两 面"质量管理模式——通过全栈式自研突破核心技术、全数字化赋能质量管理、全方位夯实质量基础设 施、全价值链构建 ...

Core Viewpoint - The Ministry of Commerce of China has initiated its first anti-circumvention investigation, which aligns with Chinese laws and WTO rules, aimed at maintaining the authority and effectiveness of existing trade remedy measures [1] Group 1: Investigation Details - The anti-circumvention investigation was launched on March 4, 2025, in response to a request from domestic enterprises regarding imports of specific single-mode optical fiber products originating from the United States [1] - The decision to implement anti-circumvention measures will take effect on September 4, 2025, based on the investigation results [1] Group 2: Legal Framework - The investigation is conducted under Article 36 and Article 49 of the Foreign Trade Law of the People's Republic of China, which allows the Ministry of Commerce to investigate and take necessary measures against behaviors that circumvent trade remedy measures [1] - A draft of the "Rules for Anti-Circumvention Investigations of Trade Remedy Measures" was published for public consultation on July 30, 2025, indicating ongoing efforts to refine and enhance China's trade remedy investigation system [1] Group 3: Trade Policy Stance - China maintains a cautious and restrained approach to implementing trade remedy measures, emphasizing the protection of fair and free trade while also taking necessary actions to uphold the effectiveness of existing trade remedy measures and protect the legitimate rights of domestic industries [1]

Core Viewpoint - The Ministry of Commerce of China has initiated anti-circumvention measures against imported optical fiber products from the United States, marking the first such investigation in China [2][4]. Group 1: Investigation Details - On March 4, 2025, the Ministry of Commerce launched an anti-circumvention investigation into imported single-mode optical fibers with specific cutoff wavelength displacement from the U.S. following a request from domestic companies [2]. - The investigation revealed that U.S. exporters were circumventing existing anti-dumping measures on non-dispersive single-mode optical fibers by altering their trade practices [4]. Group 2: Regulatory Actions - The Ministry of Commerce has recommended adjustments to the tax scope to the State Council Tariff Commission, which has decided to apply the existing anti-dumping tax rates on non-dispersive single-mode optical fibers to the newly identified optical fibers from the U.S. starting September 4, 2025 [4]. - The anti-dumping tax is calculated based on the customs-determined taxable price of the imported goods [4]. Group 3: Implications and Expert Opinions - The anti-circumvention investigation aims to prevent U.S. manufacturers or exporters from evading trade remedy measures, thereby enhancing the effectiveness of China's trade remedy practices [5]. - This investigation is seen as a significant step in enriching China's trade remedy investigation practices and strengthening the protective effect of trade remedy measures [5].

Core Viewpoint - The U.S. fiber optic manufacturers and exporters are found to be circumventing existing anti-dumping measures by altering trade practices, specifically regarding the export of G.654.C single-mode fiber to China [2][3] Group 1: Anti-Dumping Measures - The current anti-dumping measures were first implemented on April 21, 2011, with a five-year duration, and were renewed on April 21, 2017, for another five years [2] - The anti-dumping tax rates for U.S. companies were adjusted to a range of 33.3% to 78.2% on July 10, 2018 [2] - The latest announcement on April 21, 2023, confirmed the continuation of anti-dumping duties for another five years starting April 22, 2023 [2] Group 2: New Regulations - Based on investigation results, the Ministry of Commerce proposed adjustments to the tax scope, which were accepted by the State Council Tariff Commission [3] - Starting September 4, 2025, the existing anti-dumping tax rates for non-dispersive single-mode fiber will also apply to G.654.C single-mode fiber imported from the U.S. [3] - Specific anti-dumping tax rates for companies are as follows: Corning Inc. at 37.9%, OFS-Fitel LLC at 3.3%, and Draka Communications USA at 78.2%, with other U.S. companies also facing a rate of 78.2% [3] - The implementation period for these anti-circumvention measures will last from September 4, 2025, to April 21, 2028 [3]

Investment Rating - The report maintains a "Strong Buy" investment rating for the company [2][4]. Core Views - The company is a leading player in the domestic fiber optic communication and submarine cable sectors, with a strong position in sub-segments such as optical communication, renewable energy, and power systems. The transition from a "product supplier" to a "system integration service provider" in the energy sector positions the company as a global leader in energy network system solutions. The submarine cable business is expected to be a new growth driver in the coming years [2]. - The company is projected to achieve net profits of 3.43 billion yuan, 3.96 billion yuan, and 4.48 billion yuan for the years 2025 to 2027, representing growth rates of 21%, 16%, and 13% respectively. The corresponding price-to-earnings (PE) ratios are expected to be 15.8X, 13.7X, and 12.1X [2]. Financial Data and Valuation - The company reported total revenue of 45.065 billion yuan in 2023, with a year-on-year growth of 12%. The projected revenues for 2024, 2025, 2026, and 2027 are 48.055 billion yuan, 55.515 billion yuan, 61.525 billion yuan, and 67.081 billion yuan, respectively, with growth rates of 7%, 16%, 11%, and 9% [3][14]. - The net profit attributable to the parent company is forecasted to be 3.117 billion yuan in 2023, decreasing to 2.838 billion yuan in 2024, and then increasing to 3.426 billion yuan, 3.959 billion yuan, and 4.482 billion yuan in the following years, with corresponding growth rates of -3%, -9%, 21%, 16%, and 13% [3][14]. - The company’s current stock price is 15.85 yuan, with a total market capitalization of 54.1 billion yuan [4]. Business Growth Drivers - The renewable energy market is rapidly growing, contributing to steady performance improvements. In the second quarter of 2025, the company achieved revenue of 13.844 billion yuan, a year-on-year increase of 5.08%. The energy network sector is benefiting from national reforms in renewable energy pricing, leading to a surge in new installations [7]. - There is strong demand for submarine cables overseas, with the global market entering a new growth cycle. The company has secured significant projects and is expanding its global production capacity, including establishing a manufacturing base in Saudi Arabia [7]. - The company is enhancing its competitive edge in offshore engineering by developing advanced marine vessels and strengthening its capabilities across the entire industry chain, which includes construction, installation, and maintenance [7].

Core Viewpoint - Shenzhen state-owned enterprises are seen as potential shell acquisition targets due to policy-driven transformations, asset integration needs, and shell resource characteristics [2][3] High Probability Restructuring Targets - Shen Zhen Zhen Ye A (000006) is identified as a high-restructuring probability target [2] - Shen Fang Zhi A (000045) is also categorized under high-restructuring probability [2] Medium Probability Restructuring Targets - Te Fa Information (000070) has a market capitalization of 12.6 billion yuan with a 36.99% stake held by Shenzhen State-owned Assets Supervision and Administration Commission (SASAC) [2] - The real estate sector is under pressure, with a 2023 impairment of 960 million yuan, necessitating a shell transformation [2] - The company has a cash reserve of 5 billion yuan and a 50%-60% probability of asset injection from Shenzhen Guo Mian [2] - Sha He Co., Ltd. (000014) has a market capitalization of 2.8 billion yuan and is controlled by Shenzhen SASAC [2] - The company is characterized as a "small-cap + light asset" with no land reserves, enhancing its shell resource appeal [2] - Strong synergy with Shenzhen Mian Group increases the likelihood of shell acquisition [2] Other Notable Companies - Shen Sai Ge (000058) and Shen Ke Co., Ltd. (002633) are also mentioned as potential restructuring candidates [3][4] - Shen Hui Li plans to acquire 41.89% equity for 1.4 billion yuan, indicating a potential turnaround for the company [4] Investment Strategy Recommendations - Short-term focus on Shen Zhen Zhen Ye A and Sha He Co., Ltd. due to policy catalysts and light asset flexibility [5] - Long-term positioning in Shen Fang Zhi A and Te Fa Information for semiconductor material transformation and AI computing collaboration [5] - Key monitoring points include the progress of Shenzhen "20+8" industry fund and the capital injection path of Shenzhen Guo Mian [3][5]

Market Performance - As of August 12, the optical fiber concept index rose by 1.43%, ranking 9th among concept sectors, with 41 stocks increasing in value [1] - Notable gainers included Zhishang Technology and Guangku Technology, both hitting the 20% limit up, while Zhongdian Xindong also reached the limit up [1] - The top gainers in the sector were Feikai Materials, Yuanjie Technology, and Shijia Photon, with increases of 11.81%, 10.71%, and 6.55% respectively [1] Capital Flow - The optical fiber sector saw a net inflow of 798 million yuan, with 30 stocks receiving net inflows, and 8 stocks exceeding 100 million yuan in net inflow [2] - Zhongdian Xindong led the net inflow with 414 million yuan, followed by Tianfu Communication and Guangxun Technology with net inflows of 315 million yuan and 248 million yuan respectively [2] - The net inflow ratios for Zhongdian Xindong, Guangku Technology, and Guangxun Technology were 51.10%, 49.10%, and 11.60% respectively [3] Stock Performance - The top stocks in the optical fiber sector based on net inflow included Zhongdian Xindong, Tianfu Communication, and Guangxun Technology, with respective daily price changes of 10.03%, 3.13%, and 2.26% [3] - Other notable performers included Shijia Photon with a 6.55% increase and Zhishang Technology with a 20% increase [4] - Decliners in the sector included Jiekang Technology, Delong Laser, and Changjiang Communication, with decreases of 3.90%, 3.18%, and 2.93% respectively [1]