2026-02-10 02:20Summary of Conference Call Notes Industry Overview - The focus is on the optical fiber industry, particularly the MPO (Multi-fiber Push On) segment, which is identified as a high-value area within the optical fiber market [1] - The demand for optical fibers is significantly driven by AI applications, including large model training and inference, as well as the expansion of DCI (Data Center Interconnect) and metropolitan area cable construction [1] Key Insights - There is a strong expectation for price increases in the optical fiber market, with previous doubts about the sustainability of the price increase cycle now fully resolved [1] - The supply-demand imbalance is expected to support a continued upward price trend in the future [1] - The industry is currently experiencing a rapid price increase, described as a "violent growth" trend, with prices for scattered fibers projected to reach 21 yuan per core kilometer by the end of 2025, having already surpassed 60 yuan per core kilometer [1] Company Focus - Longxin Bochuang is highlighted as a key player, leveraging the core resources of its parent company, Changfei Optical Fiber, to ensure stable supply of raw materials and create a synergistic advantage [2] - The company is expected to see a continuous improvement in gross margins due to the rising prices of MPO, which is considered a critical carrier for realizing high value in optical fibers [2] - There is a potential for Longxin Bochuang to significantly increase its market share with Google, especially following a recent large order of 6 billion yuan signed between Meta and Corning, indicating strong ties [2] Investment Recommendations - Key optical fiber stocks recommended include Changfei Optical Fiber, Hengtong Optic-Electric, and Zhongtian Technology [2] - Longxin Bochuang is specifically emphasized as a core investment target due to its strategic positioning and expected growth in the MPO segment [2]