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【华工科技(000988.SZ)】AI互联+智能制造打开公司成长空间——系列跟踪报告之五(刘凯/朱宇澍)
光大证券研究· 2025-03-30 11:11
Group 1 - The company's optical module products for data communication are set to see significant growth in both domestic and overseas markets, with a monthly production capacity of approximately 400,000 to 450,000 units for 400G modules, and plans to expand to 700,000 units [2] - The company is actively expanding its sensing business product matrix, focusing on the new energy sector and its supply chain, aiming to solidify its global leadership in temperature sensors for smart home appliances [3] - The laser and intelligent manufacturing business is steadily developing, with a focus on "equipment intelligence, production line automation, and factory intelligence," particularly in the new energy vehicle and shipbuilding industries [4] Group 2 - The company has achieved full coverage of optical module products from 100G to 800G, with ongoing tests for 400G, 800G, and 1.6T products among major clients in the overseas market [2] - The sensing business is transitioning from single component control to system control capabilities, enhancing its role as an integrated supplier in thermal management solutions [3] - The precision systems business is expanding its strategic space, targeting industries such as 3C, semiconductors, and hydrogen energy, while leveraging opportunities in AI mobile phones and micro-nano laser additive manufacturing [4]