Core Insights - Credo Technology's stock surged over 16% pre-market and over 24% post-market due to strong Q2 2026 revenue performance, achieving $268 million, a 20.2% quarter-over-quarter increase and a 272.1% year-over-year increase, marking the company's best quarterly performance in history [4] - The company is a leader in the Active Copper Cable (AEC) sector, having pioneered the technology and standards, and dominates the AI data center high-speed interconnect market [4] - AEC products are expected to replace Direct Attach Copper (DAC) and Active Optical Cable (AOC) solutions, with significant growth anticipated in companies involved in AEC as data centers adopt this model [4] Company Summaries 1. Zhaolong Interconnect - Core highlight: Leading in high-speed cables and a full member of the China Communications Standards Association [6] - AEC products: The company has begun mass delivery of its 112G AEC products and has 800G copper cable products [7] - Performance: Revenue of 1.52 billion yuan, up 13.3% year-over-year; net profit of 138 million yuan, up 53.8% year-over-year [9] 2. Xinke Materials - Core highlight: Leading in high-end copper strip processing and sales in China [10] - AEC products: Investing 67.4 million yuan to build production lines for 800G and 1.6T high-speed copper connections, expected to generate 542 million yuan in annual sales [10] 3. Ruikeda - Core highlight: Leading in RF connectors for 5G base stations [12] - AEC products: Currently advancing AEC112G and 224G projects, with smooth progress in product development and customer certification [12] - Performance: Revenue of 2.321 billion yuan, up 46.04% year-over-year; net profit of 233 million yuan, up 119.89% year-over-year [13] 4. Wolker Materials - Core highlight: Leading in nuclear radiation-modified electronic materials and high-speed communication cables [14] - AEC products: Mass production of AEC-specific high-speed core wires, supplying major international clients [14] - Performance: Revenue of 6.082 billion yuan, up 26.17% year-over-year; net profit of 822 million yuan, up 25.45% year-over-year [17] 5. Changxin Bochuang - Core highlight: Leading in optical communication integrated optoelectronic devices [18] - AEC products: 800G high-speed active copper cables are in customer testing and certification [18] - Performance: Revenue of 1.794 billion yuan, up 45.41% year-over-year; net profit of 250 million yuan, up 566.59% year-over-year [18] 6. Changfei Fiber - Core highlight: Leading in the optical fiber and cable industry [20] - AEC products: 800G high-speed active copper cables are in customer testing and certification [20] - Performance: Revenue of 10.275 billion yuan, up 18.18% year-over-year; net profit of 470 million yuan, down 18.02% year-over-year [20] 7. Luxiao Technology - Core highlight: Major provider of copper and aluminum wire products and services [22] - AEC products: The company has a stake in a company producing AEC products [22] 8. Huilv Ecology - Core highlight: Dual-driven by landscaping and optical communication businesses [24] - AEC products: Mass production of 800G DAC and AEC series products, with new production lines planned [24] - Performance: Revenue of 1.081 billion yuan, up 206.15% year-over-year; net profit of 51.718 million yuan, up 96.96% year-over-year [26]

Core Viewpoint - The company, Zhaolong Interconnect (300913), has been deeply engaged in the high-speed transmission field for over a decade, focusing on high-speed cables and connection products that are widely used in AI data centers and cloud computing both domestically and internationally [1] Group 1 - The company emphasizes its commitment to exploring development opportunities and potential collaborations in the fields of artificial intelligence and AI computing power [1]

Core Viewpoint - Zhaolong Interconnect (300913) announced that by Q3 2025, approximately 50% of its revenue structure will come from 6A and above data cables and wiring products that support 10G data transmission, along with specialized cables and connection products [1] Group 1 - The company is focusing on developing high-value-added products with higher transmission rates and broader application scenarios, in line with the ongoing digitalization and intelligent industry trends [1] - Continuous technological breakthroughs and product iterations are expected to lead to sustained improvements in the company's profit margins [1] Group 2 - Future revenue growth drivers for the company will include optical-copper wiring products for data centers, automotive data cables, and high-speed internal and external connection products [1]

Core Viewpoint - The company is actively focusing on market opportunities in robotics-related components and is advancing its technology reserves and product layout in this field [1] Group 1 - The company currently offers products such as robot cables, fakra coaxial components, single-pair Ethernet cables, and machine vision components that are applicable to robotics [1] - The company will closely monitor market opportunities in related fields [1] - The company is committed to actively promoting its technology reserves and product layout [1]