证券日报网讯仕佳光子9月10日在互动平台回答投资者提问时表示，根据公司于2025年7月11日在上海证 券交易所网站披露的《发行股份及支付现金购买资产并募集配套资金暨关联交易预案》内容，福可喜玛 的主营业务为MT插芯、散件、跳线等MPO配套部件的研发、生产及销售。 ...

Summary of Conference Call Records Industry Overview - The conference call primarily discusses the **communication industry** and its key players, particularly focusing on companies like **Zhongji Xuchuang**, **Tianfu Communication**, and **Xinyi Sheng** [1][2][3]. Key Financial Performance - **Zhongji Xuchuang** reported a net profit of approximately **24 billion** CNY in Q2, representing a **75% year-over-year increase** and a **53% quarter-over-quarter increase**, significantly exceeding expectations [1][2]. - **Xinyi Sheng** achieved a net profit of **23.8 billion** CNY in Q2, marking a **340% year-over-year increase** and a **52% quarter-over-quarter increase**, also surpassing prior forecasts [2]. Future Outlook - The outlook for Q3, Q4, and 2026 is optimistic due to the rising demand for **AI applications** and **computing power**. Companies like **Meta** and **OpenAI** are increasing their investments in computing power, which is expected to drive growth in the sector [1][3]. - The recovery of **NVIDIA**'s sales of H20 chips to China is seen as a positive signal for the domestic computing power supply chain, potentially clarifying demand for Q3 and beyond [3][10]. Valuation Insights - **Xinyi Sheng** is projected to have earnings close to **150 billion** CNY by 2026, with a valuation of approximately **12 times** earnings. **Zhongwei Co.** is expected to have profits between **150 billion** to **200 billion** CNY, with a valuation of about **11 times**, indicating room for growth [5]. - If AI applications continue to mature and overseas demand increases, valuations for leading companies could return to **16-17 times** levels seen in 2024, suggesting significant upside potential [5]. Emerging Opportunities - Beyond leading companies, attention is drawn to **supply chain segments** such as **jumpers** and **chip supplies**, with companies like **Changxing Bochuang**, **Shijia Photon**, and **Taicheng Light** being highlighted [6]. - Domestic optical module manufacturers like **Hua Gong Guang Xun** and **Rui Jie** have shown strong performance in Q2, driven by robust hardware demand and construction progress [9]. Market Trends - The **global AI computing power industry** is performing well, with companies like **Xuchuang** and **Xinyi Sheng** exceeding market expectations, positively impacting the sector [7]. - The **optical fiber and cable market** is experiencing high demand, particularly for **MPO** and **AOC** products, with significant year-over-year growth in exports [3][17]. Regional Performance - In June, the **optical module** exports from regions like **Hubei** and **Shanghai** showed promising growth, while **Sichuan** and **Jiangsu** faced declines [12][14]. - The **fiber optic cable** exports reached a historical high of **6.66 billion** CNY in June, with a **71% year-over-year increase** [13][14]. Future Trends - The industry is expected to see continued growth in **AI-related products** and **core communication components** as global digital transformation accelerates [15][16]. - The emergence of **hollow fiber technology** and its applications in data centers is noted as a significant trend, with companies like **Changfei** and **Hengtong** actively developing related products [18]. Recommendations for Investment - Companies with strong capabilities in **commercial leasing** for computing power, such as **Xie Chuang**, **You Fang**, and **Hong Jing**, are recommended as potential investment opportunities due to their ability to meet rising demand [19][20].