Core Insights - The optical terminal market in China is experiencing steady growth driven by advancements in communication technology and digital transformation, with a market size projected to increase from 9.904 billion yuan in 2016 to 31.895 billion yuan in 2024, representing a compound annual growth rate (CAGR) of 15.74% [1][13]. Industry Overview - Optical terminals, or Optical Network Units (ONUs), are crucial devices in fiber optic networks, converting optical signals to electrical signals and vice versa for data transmission [3][13]. - The demand for optical terminals is rising due to the widespread application of new information technologies such as 5G, IoT, and big data, which require higher bandwidth and transmission quality [1][13]. Industry Development - The development of the optical terminal industry in China has gone through several key stages, including early exploration, international collaboration, and a focus on independent research and development [7][13]. - The industry is now entering a mature phase, with continuous market expansion and technological advancements [7][13]. Industry Chain - The upstream of the optical terminal industry includes key components such as optoelectronic devices, optical fibers, optical components, and integrated circuits, which are essential for signal processing and transmission [9][11]. - The downstream applications of optical terminals span various sectors, including fiber optic communication, video surveillance, smart transportation, and industrial automation [9][11]. Key Companies - Major players in the optical terminal market include Huawei, ZTE, and FiberHome, which leverage their technological strengths and market share to maintain leadership positions [15][18]. - ZTE, a comprehensive communication solution provider, reported a revenue of 121.3 billion yuan in the communications equipment manufacturing sector for 2024 [16]. - Wuhan Microelectronics, focusing on intelligent transportation, reported a revenue of 0.22 billion yuan in Q1 2025 [18]. Industry Trends - The industry is moving towards high-speed, intelligent optical terminals, with 100G/400G products becoming mainstream and the integration of AI algorithms for self-diagnosis and performance optimization [20][21]. - There is a growing demand for industrial-grade optical terminals capable of operating in extreme environments, driven by the development of the industrial internet [21][22]. - The integration of SDN technology is enhancing the smart capabilities of optical terminals, allowing for dynamic resource allocation and remote management [22].

证券代码：430198 证券简称：微创光电 公告编号：2025-049 武汉微创光电股份有限公司 投资者关系活动记录表 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担个别及连带法律责任。 一、 投资者关系活动类别 √特定对象调研 二、 投资者关系活动情况 活动时间：2025 年 5 月 21 日 活动地点：武汉微创光电股份有限公司会议室 参会单位及人员：申万宏源、中山证券、华夏银行 上市公司接待人员：总经理陈军先生、董事会秘书金桦女士 三、 投资者关系活动主要内容 本次交流活动，总经理陈军先生、董事会秘书金桦女士对公司基本情况进 行了介绍，并就投资者关心的问题在合规范围内进行了沟通与交流，主要问题 及回复情况如下： 问题 3：公司的视频监控的技术底蕴是怎样的？ 回答：公司成立之初研发的产品是视频监控专用光纤传输设备（简称"视 频监控光端机"），再逐渐拓展为整个视频监控系统的研发，包含了中心端的视 频监控管理平台、前端的摄像机等感知设备，以及各种视频监控应用应用软件。 随着公司的发展，公司产品进一步从视频监控系统拓展到交通物 ...