序侧重高端多模和空芯光纤的利润弹性） 2第二梯队：永鼎股份 3北交所：戈碧迦 ‼ 1第一梯队（四大龙头）：长飞光纤、烽火通信、亨通光电、中天科技 1第一梯队（四大龙头）：长飞光纤、烽火通信、亨通光电、中天科技 序侧重高端多模和空芯光纤的利润弹性） 2第二梯队：永鼎股份 ‼ ...

强烈推荐烽火通信：光纤扩产+星间激光核心龙头20260209 光纤：最新消息，公司已启动扩产，内生+外部收购产能，预计光棒产能从目前2200吨，扩充至3500吨（预计1年 左右或1年多），扩产后预计一跃成为国内光棒产能第二的厂商（长飞4000吨，亨通和中天预计2500-2800吨）。 当前散纤价格维持高位，预计后续烽火光纤产品利润弹性极大。 此外，烽火的空芯光纤能力仅次于长飞，在此前国内空 强烈推荐烽火通信：光纤扩产+星间激光核心龙头20260209 光纤：最新消息，公司已启动扩产，内生+外部收购产能，预计光棒产能从目前2200吨，扩充至3500吨（预计1年 左右或1年多），扩产后预计一跃成为国内光棒产能第二的厂商（长飞4000吨，亨通和中天预计2500-2800吨）。 当前散纤价格维持高位，预计后续烽火光纤产品利润弹性极大。 此外，烽火的空芯光纤能力仅次于长飞，在此前国内空芯光纤累计中标金额仅次于长飞。 预计单模扩产+多模+空芯，加速打开公司利润天花板。 星间激光：公司激光通信载荷是当前唯二能达到100G速率的自主可控方案。 主力星座后续将采用100G方案，公司具备强卡位优势，唯二地位下有望取得较大份额，很 ...

Summary of Conference Call Notes Industry Overview - The focus is on the North American CSP (Cloud Service Provider) capital expenditure, which is experiencing strong growth. The report emphasizes the importance of the CPO (Coherent Photonic Optics) and fiber optic industries [1][2]. Key Points 1. **Acceleration of CPO Development** - Lumentum has announced that it has secured several hundred million dollars in orders related to CPO. - Expected revenue from CPO is projected to be approximately $50 million in Q4 2026, with a significant surge anticipated in the first half of 2027. - The report suggests paying attention to the CPO supply chain, including components such as optical engines, FAU, laser ELS, MPO, shuffle boxes, and polarization-maintaining fibers. - Relevant companies in this space include Tianfu Communication, Yuanjie Technology, Shijia Photonics, Taicheng Light, Changfei Fiber, Changying Tong, and Robotek [1][2]. 2. **Fiber Optic Industry Transition** - The fiber optic cable industry has shifted from recovery to a phase characterized by "tight supply and simultaneous increase in volume and price." - As a capital-intensive industry, it is expected that new capacity will be difficult to add in the short term, leading to continued price increases. - Companies with optical fiber rod production capacity, such as Changfei Fiber, Hengtong Optic-Electric, Zhongtian Technology, and Fenghuo Communication, are recommended for focus. - Additionally, companies with significant fiber optic capacity or specialized fiber optics, such as Tefa Information and Changying Tong, are also highlighted [2]. 3. **Strong Capital Expenditure Growth Among CSPs** - Four major North American CSPs are expected to maintain strong capital expenditure growth through Q4 2025, with optimistic guidance for future capital expenditures. - All companies expressed a consensus on the "strong demand for AI and tight supply of computing power." - The overseas AI computing power supply chain is viewed positively, while the domestic AI competition is ongoing, with issues such as traffic congestion during Alibaba's Qianwen event noted. - Attention is also recommended for the domestic computing power supply chain [2]. Additional Recommendations - The report recommends specific companies for investment consideration: Zhongji Xuchuang, Tianfu Communication, Changfei Fiber, Hengtong Optic-Electric, Zhongtian Technology, and Yuanjie Technology [3].

内容概况：互联网宽带接入端口指用于接入互联网用户的各类实际安装运行的接入端口的数量。由于互 联网宽带一般需要利用物理端口完成用户与IP广域网的高带宽、高速度的连接，所以是一种"固定"的互 联网。自"宽带中国"战略实施以来，我国持续加大宽带网络建设，完成了从铜缆接入为主向光纤入户的 全面替换。截至2024年底，中国固定互联网宽带接入端口数达到12.02亿个，比2023年末净增6612万 个。其中，光纤接入（FTTH/O）端口达到11.6亿个，比2023年末净增6570万个，占比由2023年末的 96.3%提升至96.5%。截至2024年底，具备千兆网络服务能力的10G PON端口数达2820万个，比2023年 末净增518.3万个。截至2025年11月末，全国互联网宽带接入端口数量达12.5亿个，比2024年末净增4811 万个。其中，光纤接入（FTTH/O）端口达到12.1亿个，比2024年末净增4942万个，占互联网宽带接入 端口的96.8%。截至2025年11月末，具备千兆网络服务能力的10G PON端口数达3134万个，比2024年末 净增313.3万个。反映出我国宽带网络正朝着全光化、高速化方向持续演 ...

证券日报网讯2月6日，烽火通信（600498）在互动平台回答投资者提问时表示，光纤光缆业务是公司的 核心主业，公司具备"棒-纤-缆"全产业链的核心能力，积极布局空芯光纤、保偏光纤、耐辐照光纤等新 型光纤光缆产品，光纤光缆业务具体的毛利率等数据在定期报告中有体现。 ...

格隆汇2月6日丨烽火通信(600498.SH)在投资者互动平台表示，面向"车云、车路、车车、车内"的全场 景通信需求，公司完成了车规级光纤光缆、连接器等关键产品的开发，打造覆盖架构设计、关键器件、 核心芯片到车载连接系统的全栈解决方案，和产业链上下游共同推进车载光通信技术从实验室走向实际 应用。 ...

格隆汇2月6日丨烽火通信(600498.SH)在投资者互动平台表示，面向"车云、车路、车车、车内"的全场 景通信需求，公司完成了车规级光纤光缆、连接器等关键产品的开发，打造覆盖架构设计、关键器件、 核心芯片到车载连接系统的全栈解决方案，和产业链上下游共同推进车载光通信技术从实验室走向实际 应用。 ...

| 股票名称 | 涨跌幅 (%) | 主力资金流向 | 所属行) | | --- | --- | --- | --- | | 五洲新春 | 10.01 | 12.20亿元 | 通用设备 | | 数据港 | 10 | 10.78亿元 | 互联网服 | | 天际股份 | 9.99 | 10.65亿元 | 电池 | | 湖南黄金 | 9.94 | 8.83亿元 | 贵金属 | | 杉杉股份 | 10.03 | 7.26亿元 | 电子元作 | | 银河电子 | 10.06 | 6.72亿元 | 通信设备 | | 海米信息 | 1.89 | 6.63亿元 | 未营体 | | 江丰电子 | 8.93 | 6.06亿元 | 未营体 | | 胜宏科技 | 1.84 | 6.01亿元 | 电子元作 | | 中钨高新 | 5.46 | 5.75亿元 | 小金属 | | 恩捷股份 | 10 | 5.73亿元 | 电池 | | 深南电路 | 8.09 | 5.37亿元 | 电子元件 | | --- | --- | --- | --- | | 工业富联 | 0.97 | 5.36亿元 | 消费电子 | | 宁德时代 | 1.7 | 5 ...

午后，洲际油气（600759）拉升封板。该股竞价跌停开盘，盘中上演"地天板"，日内成交额超40亿元。 CPO概念持续走高。智立方"20cm"涨停，创历史新高；科瑞技术、环旭电子涨停，此前长飞光纤涨停；易天股份、奥特维涨超10%，长盈通、中富电路等 多股跟涨。 | 长盈通 | 58.53 | +7.26% +11.12% | | --- | --- | --- | | 科创 688143 融 | | | | 中富电路 | 78.40 | +7.16% +5.67% | | 创 300814 融 | | | | 烽火通信 | 41.86 +7.14% +5.63% | | | 600498 融 | | | | 最终涨停10:42 | | | （文章来源：上海证券报） ...

Group 1 - The top 20 stocks with significant capital inflow as of February 6 include Wuzhou Xinchun (1.12 billion), Tianji Co. (1 billion), and Data Port (973 million) [1] - Wuzhou Xinchun saw a price increase of 10.01%, while Tianji Co. and Data Port both increased by 9.99% and 10% respectively [2] - Other notable stocks include Hunan Gold (10% increase, 793 million), and Shennan Circuit (10% increase, 701 million) [2][3] Group 2 - The electronics sector is represented by companies like Shennan Circuit, Shanshan Co., and Shenghong Technology, with inflows of 701 million, 689 million, and 633 million respectively [2][3] - The battery industry includes significant players such as Ningde Times (2.54% increase, 625 million) and Enjie Co. (10% increase, 496 million) [2][3] - Chemical products sector features companies like Yongtai Technology (10.02% increase, 477 million) and Duofluor (7.7% increase, 451 million) [3]