智通财经2月26日讯（编辑 胡家荣）港股三大指数集体下挫。截至收盘，恒生指数跌1.44%，报26381.02点；科技指数跌2.87%，报5109.32点；国企指数跌 2.44%，报8814.29点。 中信建投研报指出，人工智能数据中心(AIDC)建设已进入爆发式增长通道。测算显示，2025–2028年美国AI发展催生的电力容量需求年均复合增长率 (CAGR)约55%，未来三年累计需求超150吉瓦。 同时北美地区电力缺口持续扩大，"自建电源"成为科技巨头刚需。燃气轮机凭借快速启停、高功率适配、成本优势及运行可靠性，正成为AIDC主电源首选 方案，带动发电设备产业链价值重估。 机构看多加密市场 金涌投资涨超29% 今日市场 今日盘面呈现"新质生产力主线强势突围，传统周期板块承压回调"的鲜明特征，其中电力设备、加密货币、光通信等代表技术迭代与全球产业趋势的板块集 体走强；而光伏、建材水泥、锂电池、黄金珠宝等受制于供需结构和股东行为影响的板块则明显回调。 AIDC引爆全球电力基建浪潮 东方电气涨超15% 截至收盘，东方电气(01072.HK)涨15.52%、哈尔滨电气(01133.HK)涨7.15%、金风科技(022 ...

智通财经APP获悉，鸿腾精密(06088)再涨超10%，截至发稿，涨8.82%，报6.54港元，成交额3.13亿港 元。 财通证券发布研报称，鸿腾精密实现从"精密零件"到"系统级互联解决方案"的升级。AI侧，公司受益于 全球光模块市场高增长，公司布局224G高速互联、800G/1.6T光模块及CPO解决方案，产品已导入北美 核心客户。EV侧，随800V平台普及与自动驾驶等级提升，连接器单车价值量跃升。公司通过并购整合 Voltaira与Auto-Kabel，构建"传感-连接-电源管理-高压"垂直整合布局，并成功开拓了沙特等新兴蓝海市 场。 国投证券国际此前发布研报称，市场长期将鸿腾精密视为传统的"消费电子组装/线缆厂"，随着公司在 AI服务器互连及电动车业务的实质性突破，其营收结构正向高毛利、高壁垒的"连接器与核心组件厂"转 型。公司在光模块、CPO技术、车用高压连接器等高毛利新产品的客户认证及量产进度，将是优化产品 结构、推动整体毛利率持续改善的关键。2026年高毛利相关业务预计迎来业绩放量。 ...

国投证券国际此前发布研报称，市场长期将鸿腾精密视为传统的"消费电子组装/线缆厂"，随着公司在 AI服务器互连及电动车业务的实质性突破，其营收结构正向高毛利、高壁垒的"连接器与核心组件厂"转 型。公司在光模块、CPO技术、车用高压连接器等高毛利新产品的客户认证及量产进度，将是优化产品 结构、推动整体毛利率持续改善的关键。2026年高毛利相关业务预计迎来业绩放量。 财通证券（601108）发布研报称，鸿腾精密实现从"精密零件"到"系统级互联解决方案"的升级。AI侧， 公司受益于全球光模块市场高增长，公司布局224G高速互联、800G/1.6T光模块及CPO解决方案，产品 已导入北美核心客户。EV侧，随800V平台普及与自动驾驶等级提升，连接器单车价值量跃升。公司通 过并购整合Voltaira与Auto-Kabel，构建"传感-连接-电源管理-高压"垂直整合布局，并成功开拓了沙特等 新兴蓝海市场。 鸿腾精密(06088)再涨超10%，截至发稿，涨8.82%，报6.54港元，成交额3.13亿港元。 ...

Core Viewpoint - The report by Caitong Securities initiates coverage on Hongteng Precision (06088) with a "Buy" rating, highlighting the company's leading position in the connector industry and its growth potential in the "AI computing power + electric vehicle" sectors [1] Group 1: Core Capabilities - The company has transitioned from "precision parts" to "system-level interconnection solutions," leveraging 40 years of connector technology and strategic acquisitions to cover a full product line in optics, electricity, and vehicles [1] - With a global R&D and manufacturing network, the company has evolved from a single component supplier to a system solution provider, offering customized capabilities from concept to mass production [1] Group 2: Growth Momentum - AI and automotive businesses have become the dual engines of growth, with the implementation of a "3+3" transformation strategy yielding significant results [2] - By the first half of 2025, revenue from cloud network facilities and automotive sectors is expected to exceed traditional consumer electronics for the first time, accounting for 35.3% of total revenue, driven by the rapid growth of AI and EV businesses at rates of 35.7% and 102.3%, respectively, compared to the overall company revenue growth of 11.53% [2] Group 3: Technological Upgrades - The company is seizing opportunities in the AI computing infrastructure and automotive neural network markets [3] - On the AI side, the company benefits from the high growth of the global optical module market (CAGR > 30%), with products such as 224G high-speed interconnects and 800G/1.6T optical modules already introduced to key customers in North America [3] - On the EV side, as the 800V platform becomes more widespread and autonomous driving levels improve, the value of connectors per vehicle is increasing. The company has integrated Voltaira and Auto-Kabel through acquisitions to establish a vertically integrated layout for "sensing-connection-power management," successfully entering emerging markets like Saudi Arabia [3]