1月12日，陕西华达在投资者互动平台上更新了公司为星网（国网星座）配套产品的最新进展，称公司深度参与星网、千帆等重大航天项目，已为星网二 期配套产品，公司将紧跟客户需求，不断扩充商业航天的产品种类，配套射频连接器、射频组件、微矩形连接器、高速连接器、集束线束、光纤组件等多 种产品，单星价值量不断提升，商业航天订单按客户要求正常交付。 13日，陕西华达"20cm"涨停，报97.08元/股。 ll 1 301517 融 深股通 注 ▼ 97.08 最低 97.08 76.30 今开 83.88 最高 22.6万 金额 19.14亿 20.00% 16.18 换手 23.00% 总手 总值 146.8亿 流值 95.29亿 市盈利 -769.73 童多 〔〕年报预披露:于2026-03-20披露 2025年年报 · X 五日 日K 月K 图K 更多, O 分时 20.00% 97.08 盘口 资金 卖5 卖4 卖3 卖2 卖1 97.08 3.7万 买1 买2 97.07 55 买3 97.06 32 97.03 8 三4 64.72 -20.00% 97.01 12 买5 成交额 19.14亿 分时成交 1.41 ...

消息面上，我国2025年12月向ITU申请了超20万颗卫星的频轨资源。其中超19万颗卫星来自近期刚刚成 立的无线电创新院。上海社会科学院信息研究所副所长丁波涛及头部商业卫星公司人士指出，这意味着 卫星频轨资源申请已上升至国家战略层面。 截至今日收盘，商业航天概念延续强势，金风科技5连板，通宇通讯4天3板、天银机电、中国卫星、中 国卫通、东方通信、国机精工、海格通信等近50股涨停。 伴随着股价的大涨，为回应市场关切，多家商业航天概念股回应"商业航天"相关业务情况。其中，航天 动力、恒勃股份、北方导航、航天工程、星环科技、航天长峰等公司明确表示主营业务不涉及商业航 天。 陕西华达：公司深度参与星网、千帆等航天项目，已为星网二期配套产品 近期，商业航天概念持续受到资金追捧，叠加消息面的利好刺激，今日产业链再度掀起涨停潮。 陕西华达在互动平台表示，公司深度参与星网、千帆等重大航天项目，已为星网二期配套产品，公司将 紧跟客户需求，不断扩充商业航天的产品种类，配套射频连接器、射频组件、微矩形连接器、高速连接 器、集束线束、光纤组件等多种产品，单星价值量不断提升，商业航天订单按客户要求正常交付。 中航光电：系蓝箭航天核心主 ...

证券日报网讯 1月12日，陕西华达在互动平台回答投资者提问时表示，公司深度参与星网、千帆等重大 航天项目，已为星网二期配套产品，公司将紧跟客户需求，不断扩充商业航天的产品种类，配套射频连 接器、射频组件、微矩形连接器、高速连接器、集束线束、光纤组件等多种产品，单星价值量不断提 升，商业航天订单按客户要求正常交付。 （编辑 王雪儿） ...

每经AI快讯，陕西华达(301517)1月12日在互动平台表示，公司深度参与星网、千帆等重大航天项目， 已为星网二期配套产品，公司将紧跟客户需求，不断扩充商业航天的产品种类，配套射频连接器、射频 组件、微矩形连接器、高速连接器、集束线束、光纤组件等多种产品，单星价值量不断提升，商业航天 订单按客户要求正常交付。 （文章来源：每日经济新闻） ...

Group 1 - The article highlights the company's strategic positioning in the AI server market through its multi-business lines, including AI server cooling, high-speed connectors, and optical modules, which are expected to drive significant growth [1] - The company is also expanding its presence in the precision transmission market through robotics, leveraging its comprehensive layout in motors, reducers, joint modules, and control algorithms, showcasing a high degree of self-manufacturing capability for core components [1]

立讯精密 20260106 摘要 Q&A 立讯精密在 AI 通讯业务方面有哪些重要发展和布局？ 立讯精密在过去十几年间，从高速连接器和铜缆供应商逐步发展成为涵盖铜、 光、热、电等多个领域的一体化方案提供商。其 AI 通讯业务主要通过立讯技术 和汇聚科技开展。立讯技术成立于 2017 年，覆盖铜、光、热、电各类产品； 汇聚科技则于 2022 年被收购，主要业务包括电线组件、光纤跳线以及服务器 整机组装。 在铜连接领域，公司早在 2012 年就收购了科尔通，成为华为和爱 默生的通信连接器供应商，并持续开发高速连接器等产品。目前公司已升级到 224G 的高速连接器，并开始预研 48G 的连接器及 448G 的 CPC 方案。在光 连接领域，公司已交付 800G 产品给北美多家 AI 客户，1.6T 光模块正在客户 验证阶段。此外，公司在 LPO 和 CPO 等前沿光互联技术领域也有前瞻性研发。 热管理方面，自 2022 年起公司实现了数据中心液冷全面布局，包括液冷板、 分水器、快接头及 CDU 等新技术。电源管理方面，自 2024 年起公司实现了数 据中心电源管理产品全面布局，目前主要服务国内 CSP 客户。 立讯 ...

Investment Rating - The report maintains a "Buy" rating for the company [3] Core Views - The company is expected to benefit significantly from the AI computing demand, with its comprehensive layout in copper, optical, thermal, and power management solutions [5][6] - The company's communication business is projected to grow robustly, with a revenue forecast of 183.6 billion yuan in 2024, reflecting a CAGR of 19.6% from 2022 to 2024 [5][22] - The company is well-positioned to capture growth opportunities in the AI sector, particularly in data centers, where demand for high-speed interconnects is increasing [6][11] Summary by Sections Communication Business Overview - The company has a strong technical foundation and a full-stack layout in the data center business, covering high-speed interconnects, thermal management, power management, and complete machine manufacturing [15] - The communication business revenue was 128.3 billion yuan in 2022, with a significant increase attributed to the consolidation of Huiju Technology [22] Copper Interconnect - The demand for high-speed copper cables and connectors is expected to grow, driven by increasing bandwidth requirements from platforms like NVIDIA's NVLink [25] - The company has developed advanced copper cable solutions, including 224G and 448G products, which are in mass production and pre-research stages with major clients [47][48] Optical Interconnect - The company has a complete product line for optical modules and is actively advancing LPO/CPO technologies, which are expected to drive growth in the optical interconnect market [57] - The demand for optical modules is projected to increase significantly, with the market for 800G and 1.6T modules expected to reach 166 billion and 248 billion USD by 2026 and 2027, respectively [61] Thermal Management - The company has launched a complete set of liquid cooling solutions, with products already in mass production, and is exploring advanced technologies like microchannel cooling [10][11] Power Management - The company has achieved comprehensive power management solutions for intelligent computing centers, with products including cabinet power supplies and modular power supplies entering large-scale production [17]

Investment Rating - The report recommends a positive investment outlook for the technology sector, specifically highlighting key stocks for January 2026 [6]. Core Insights - The report identifies several key companies within the technology sector, including Eastcompeace, Jincheng Electronics, Xinyi Technology, Tax Friend, Haiguang Information, Giant Network, and Perfect World, as potential investment opportunities [6][8][9][10][11][12][13][14]. Summary by Category Electronics - **Eastcompeace**: The company is entering a growth phase driven by AI technology breakthroughs, leading to increased capital expenditure from cloud vendors and a surge in demand for data servers. The acquisition of Solstice Optoelectronics enhances its position in optical communication [8]. - **Jincheng Electronics**: The company reported a revenue of 889 million yuan in Q3 2025, a year-on-year increase of 25.4%. The semiconductor business is expected to grow significantly, with an order backlog of approximately 1.791 billion yuan [9]. Communication - **Xinyi Technology**: As a leading manufacturer of high-speed optical modules, the company has made significant inroads with major clients like Amazon and is expected to see substantial profit growth from 2025 to 2027, with projected net profits of 94.97 million yuan, 166.16 million yuan, and 217.76 million yuan respectively [10]. - **Huafeng Technology**: The company is positioned to benefit from the high demand for AI applications and is expected to see net profits grow from 3.53 million yuan in 2025 to 8.73 million yuan by 2027 [10]. Computer - **Tax Friend**: The company is a leader in the financial IT sector, leveraging AI and big data to provide comprehensive solutions for businesses. It aims to enhance its product offerings and customer engagement through innovative AI-driven solutions [11]. - **Haiguang Information**: The company is a key player in the domestic high-end CPU market, expected to benefit from the growing demand for AI computing power. It aims to establish a comprehensive AI computing platform [12]. Media - **Giant Network**: The company is experiencing stable commercialization with new game releases and updates expected to drive user engagement and revenue growth [13]. - **Perfect World**: The company is preparing for the launch of its new game "Yihuan," which has shown strong pre-launch interest, and is also focusing on expanding its esports business [14].

Summary of Conference Call Records Industry Overview - The conference call discusses advancements in the autonomous driving industry, particularly focusing on L3 and L4 levels of automation. The expectation is that 2026 will mark a significant year for autonomous driving technology adoption [1][2]. Key Points on Autonomous Driving Technology - **L3 and L4 Levels**: L3 automation allows for hands-free driving under specific conditions, while L4 represents fully autonomous driving capabilities. The transition from L3 to L4 will involve a gradual shift from human-operated to fully autonomous systems [3][4]. - **Market Expectations**: The market is optimistic about L3 technology, with several domestic and international automakers, including Mercedes and various Chinese companies, actively pursuing development and testing [2][5]. - **Key Hardware Requirements**: High-level autonomous driving relies on essential hardware such as cameras, LiDAR, high-speed connectors, and advanced driving chips, with processing capabilities starting from 500 TOPS [6]. Commercial Applications - **Robotaxi Development**: Robotaxi services, based on L4 technology, are being piloted in several cities and are seen as a crucial component of future smart mobility solutions [8]. - **Logistics and Mining Applications**: L4 technology is primarily applied in logistics and mining sectors, with expectations for significant market growth. The logistics autonomous vehicle market is projected to reach a penetration rate of 20% by 2030, with a market potential of 60 billion RMB [9][11]. Company Insights - **Key Players**: Major companies in the logistics autonomous vehicle sector include Jiushi Intelligent, New Stone, and White Rhino, with Jiushi Intelligent leading in operational scale and market share [13]. - **Financial Performance**: Jiushi Intelligent reported operating over 14,000 vehicles with significant delivery volumes, while other companies like Yikong Zhijia and Xidi Zhijia are also notable players in the mining autonomous vehicle market, though they have yet to achieve profitability [26][27]. Market Dynamics - **Investment Trends**: There is a growing investment interest in logistics autonomous vehicles, with significant funding rounds reported for companies like Jiushi Intelligent and New Stone [10]. - **Pricing Strategies**: Companies are adjusting pricing models to cover costs and improve profit margins, with examples of new pricing strategies being implemented by Jiushi Intelligent [17]. Future Outlook - **Market Growth Potential**: The logistics autonomous vehicle market is expected to grow rapidly, with a projected market space of 600 billion RMB by 2030. The demand for autonomous vehicles is driven by reduced operational costs and increased efficiency [11][12]. - **Challenges and Regulations**: The lack of unified regulations at the national level poses challenges for the widespread adoption of L4 technology, necessitating local government coordination [11]. Conclusion - The autonomous driving industry is on the cusp of significant advancements, with L3 and L4 technologies poised for broader adoption. Key players are actively developing solutions, and the market is expected to see substantial growth in the coming years, particularly in logistics and mining applications.

证券日报网讯12月18日，长盈精密（300115）在互动平台回答投资者提问时表示，公司的高速连接器产 品可满足PCIe Gen5/Gen6性能，且公司将积极推进下一代PCIe7.0标准的产品研发。 ...