Group 1 - Tesla's 2025 shareholder meeting approved Elon Musk's $1 trillion compensation plan, with over 75% of shareholders in favor [4] - Tesla plans to mass-produce Cybercab by April 2026, targeting an annual capacity of 5 million units [4] - The price of chromium has shown a significant upward trend, with metal chromium priced at 79,060 RMB/ton as of November 7, 2025, reflecting a 2,020 RMB increase from October 31 [14] Group 2 - The automotive sector underperformed the Shanghai Composite Index from November 3 to November 7, 2025, with the automotive index down 1.2% [3] - Xpeng Motors announced the launch of three Robotaxi models in 2026, featuring high computing power and a vision-based approach [6] - The new generation of humanoid robots from Xpeng, named IRON, is set for mass production by the end of 2026, featuring advanced AI capabilities [6] Group 3 - The new materials sector is expected to experience rapid growth due to increasing demand and policy support, with a focus on electronic information, new energy, and biotechnology [42] - The new energy sector, particularly in storage, has seen significant developments, with over 100 million kilowatts of new storage capacity installed in China by the end of September 2025 [48] - The chemical industry is anticipated to enter a growth cycle, driven by reduced competition and increased demand for specific sectors [41]

证券研究报告 | 2025年11月09日 通信行业周报 2025 年第 45 周 优于大市 北美光通信企业当季业绩表现亮眼，英伟达、谷歌推进太空算 力部署 行业要闻追踪：北美光模块光芯片公司业绩指引强劲，全球算力景气度延续 （1）Fabrinet FY2026Q1 业绩环比增长 8%，DCI 业务需求强劲。Fabrinet FY2026 第一季度营收达到 9.781 亿美元，同比增长 22%，环比增长 8%，这主 要得益于数据中心互联（DCI）产品的推动。DCI 收入为 1.38 亿美元，同比 增长 92%，环比增长 29%，DCI 收入已达公司总收入的 14%。（2）Coherent FY2026Q2 营收指引 15.6-17.0 亿美元，DCI ZR/OCS/1.6T VCSEL 方案等技术 驱动。FY2026Q1 营收 15.81 亿美元，同比+17%，其中数据中心和通信业务 10.9 亿美元。（3）Lumentum FY2026Q2 营收指引 6.3-6.7 亿美元，OCS/CPO/ 相干光模块激光器等技术布局。FY2026Q1 业绩 5.338 亿美元。光模块需求强 劲，eml 激光器供应紧张，从缺 ...