1230机构调研

Company and Industry Summary Company: 华工科技 (Hua Gong Technology) Key Points 1. Product Development and Capacity The company has full self-research and design capabilities from silicon photonic chips to modules, covering data communication optical modules from 100G to 800G. The LPO full series products will be delivered in bulk [1] 2. Market Growth The domestic market for data communication optical modules is expected to see significant growth next year, with the company achieving full series product coverage from 100G, 200G to 400G, and 800G. High-speed optical module deliveries will increase, with a continuous rise in 400G and 800G single-mode products [1] 3. Production Capacity Expansion The company has established a monthly production capacity of approximately 400,000 to 450,000 units for 400G optical modules, with plans to expand this capacity to 700,000 units to meet domestic market demand [2] 4. New Product Launches The company has launched the latest self-developed silicon photonic chip for 1.6T optical modules, and the 800G LPO silicon optical module is currently being tested by leading overseas customers. The 400G silicon optical module has already been shipped in bulk to major domestic internet companies [2] 5. Overseas Expansion The company is accelerating the construction of overseas factories, which are now in production. The overseas demand focuses on 800G and 1.6T products, with a planned monthly production capacity of 100,000 units, which is expected to increase to 200,000 units based on customer demand [2] 6. R&D Infrastructure The first phase of the "Next Generation Ultra-High-Speed Optical Module R&D Center and High-Speed Optical Module Production Base" has been completed, covering an area of 82,500 square meters, aimed at enhancing the R&D and production of high-speed optical modules [2] Risk Warning - The content of the research is solely for business communication between institutions and the listed company and does not constitute investment research opinions. Information should be based on the company's announcements and publicly available analyst reports [3]