The optical communication industry chain has performed strongly recently, ushering in a new positive catalyst. On January 31, the official website of the China Securities Regulatory Commission showed that the CSI Optical Communications Theme Exchange Trading** (ETF) declared by a number of leading ** management companies such as Huaxia**, Fuguo**, Harvest** and Guotai** has been accepted by the CSRC. This move indicates that a number of financial products focusing on the optical communication industry may appear in the market in the future, which is expected to inject long-term and stable investment funds into the industry and form a strong support for the development of the optical communication industry chain.
Entering 2024, the global optical communication industry chain will show an upward trend, driven by the continuous improvement of downstream market demand. In particular, overseas customers' demand for high-speed optical modules and their upstream optical devices remains strong, which can be seen from the 2023 annual performance forecast released by domestic leaders Zhongji InnoLight and Tianfu Communication, which exceeded market expectations. The layout of the two companies in the field of high-speed optical communication has been highly recognized by the market, with full orders and high certainty of performance growth.
At the same time, global AI technologies and application fields are experiencing unprecedented rapid development and iterative upgrading, which directly drives the rapid growth of demand for computing infrastructure construction. On the training side, as the complexity of AI models continues to increase, the demand for computing power is also rising, and technology giants such as Meta and OpenAI have proposed to further strengthen the construction of their AI data centers and computing facilities to meet the increasing computing demand.
Based on the above background, the investment recommendations focus on the following types of enterprises:
Domestic leading enterprises**:
Zhongji InnoLight: As a leading enterprise in the field of global optical module manufacturing, it has performed well in the R&D and production of high-end optical module products such as 800G, and a large number of orders have ensured the steady growth of future performance.
Tianfu Communication: As the world's leading manufacturer of optical components, its high-speed optical engine product line is expected to achieve rapid expansion in the market boom, thereby further increasing its market share and profitability.
New Yisheng: With the advantages of product development and iteration, in the rapidly changing market environment, New Yisheng can keep up with the forefront of technology, ensure that its leading position can be consolidated, and further expand its market share.
Second-line elastic target**:
Huagong Technology: It has certain technical and market advantages, and has shown high growth and business development potential in the field of optical communication segmentation.
Accelink: As a well-known manufacturer in the industry, Accelink has strong competitiveness in the R&D and sales of optical communication equipment and components.
Liante Technology, Optical Library Technology, Tengjing Technology, Tacli and other companies are also worth paying attention to, these enterprises have their own characteristics and competitive advantages in different links of the optical communication industry chain, with the overall prosperity of the industry rising, they are expected to usher in a period of rapid growth in performance through technological innovation and market expansion.
Note: The data and opinions in this article are provided by the Northeast Communications team and are for reference only.
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