（记者 曾健辉） 每经AI快讯，中际旭创（300308.SZ）2月8日在投资者互动平台表示，（1）由于可插拔光模块拥有成熟 的技术、大规模量产与交付能力、网络部署的灵活性以及较低的维护成本等优势，预计仍有较长的生命 周期，能够满足大客户在scale-out和scale-across网络的大规模和低成本部署需求；而在scale-up网络，可 插拔光模块也是客户可选的技术方案之一；（2）公司在NPO、CPO等领域已有技术布局，并将协助重 点客户定制化开发相关产品。综上，公司紧跟行业与客户迭代趋势，通过加大研发投入和加快技术升 级，能够应对数据中心更高带宽密度和更低功耗的需求，有信心继续保持和巩固在行业的优势与地位。 ...

Core Viewpoint - The stock of N Hengtong (920045) surged by 1128.24% on its first trading day, reaching a market capitalization of 26.4 billion yuan, following an IPO price of 31.59 yuan per share, indicating significant investor interest and potential in the optical communication sector [1]. Company Overview - N Hengtong was established in 2011 and specializes in the research, manufacturing, and sales of passive optical devices in the optical communication field [1]. - The company is recognized as a national-level "specialized and innovative" small giant enterprise [1]. - Its product offerings include passive optical fiber cabling and passive interconnect devices, with over 80% of its main business revenue derived from the data center sector [1]. Product and Market Position - N Hengtong has achieved mass production of passive interconnect devices for 400G and 800G optical modules, with limited shipments of 1.6T products and development of CPO-related products [1]. - The company's clientele includes notable firms such as AFL, Coherent, Jabil, Telamon, and Hisense, with products utilized by global giants like Google, Amazon, Microsoft, and NVIDIA [1]. - The company holds 111 domestic patents (including 17 inventions) and 1 international invention patent, indicating a strong focus on innovation [1]. Revenue and Geographic Exposure - A significant portion of N Hengtong's revenue comes from international markets, with products exported to North America, Asia, and Europe [1]. - The company faces risks related to high customer concentration, overseas operations, and international trade frictions [1].

Core Viewpoint - Company has made significant progress in technology research and development in the field of Chip-on-Panel (CPO) and has passed preliminary reliability tests for related products [1] Group 1 - Company plans to assess future developments based on customer and market demand [1] - The breakthrough in CPO technology is expected to be realized in the first half of 2025 [1]

Group 1 - The core viewpoint of the article highlights that Dacheng Fund recently conducted research on a listed company, focusing on its operational performance and market strategies [1] Group 2 - The company Tai Chen Guang (300570) specializes in passive optical devices, with over 90% of its revenue coming from this segment and maintaining a gross margin of around 30% [1] - The company has significantly expanded its MT connector production capacity and possesses advanced cutting and testing technologies [1] - Progress in the research and development of CPO-related products is on track, and the company maintains a leading position in flexible optical boards [1] - A close supply relationship has been established with the company's largest client, leading to market gains through new product development and application expansion [1] - The company emphasizes capital operations and employee incentives, aiming for continued positive development in the future [1] Group 3 - Dacheng Fund was established in 2019, with a total asset management scale of 1.455 billion yuan, ranking 174 out of 210 in the public fund category [1] - The fund's non-monetary public fund asset management scale is 1.454 billion yuan, ranking 151 out of 210 [1] - The fund manages 17 public funds, ranking 142 out of 210, with 4 fund managers, ranking 155 out of 210 [1] - The best-performing public fund product in the past year is Dacheng Value Pioneer Flexible Allocation A, with a latest net value of 0.74 and a growth of 23.79% over the past year [1]

Core Viewpoint - The company indicates that the potential 100% tariff on semiconductors proposed by the U.S. President will have a limited and manageable impact on its sales operations, particularly in North America, where sales revenue is relatively small compared to total revenue [1] Group 1 - The company's sales revenue in North America for 2024 is approximately 76.49 million, accounting for 2.35% of the total sales revenue for the year [1] - The current tariff policy's impact on the company's sales business is controllable and limited [1] - The company reports that progress on its CPO-related new products is proceeding smoothly, with no immediate concerns regarding order fulfillment [1]