12月8日长光华芯(688048)收盘价148.48元，收盘上涨15.26%，全天换手率14.00%，振幅16.12%，成交 额34.62亿元。科创板交易公开信息显示，当日该股因日收盘价涨幅达15%等上榜。 证券时报·数据宝统计显示，上榜的前五大买卖营业部合计成交9.36亿元， 其中，买入成交额为4.23亿 元，卖出成交额为5.14亿元，合计净卖出9097.49万元。具体来看，今日上榜的前五大买入营业部中，有 2家机构专用席位现身，即买二、买四，买入金额分别为7127.46万元、5417.11万元，沪股通为第一大买 入营业部，买入金额为18049.28万元，营业部合计买入1.17亿元。卖出营业部中，沪股通为第一大卖出 营业部，卖出金额为21138.03万元，营业部合计卖出3.02亿元。买卖金额相抵，机构专用席位今日净买 入该股1.25亿元，沪股通今日净卖出该股3088.75万元。 另据统计，近半年该股累计上榜龙虎榜5次，上榜次日股价平均涨12.84%，上榜后5日平均涨13.06%。 （数据宝） 长光华芯12月8日龙虎榜 | 买入营业部名称 | 买入金额(万元) | | --- | --- | | 沪股通专用 ...

Market Performance - The A-share market saw all three major indices rise, with the Shanghai Composite Index increasing by 0.54% to close at 3924.08 points, the Shenzhen Component Index rising by 1.39%, and the ChiNext Index up by 2.6% [1] - The total market turnover reached 2.05 trillion yuan, an increase of over 310 billion yuan compared to the previous trading day, with more than 3400 stocks closing higher, including 78 stocks hitting the daily limit [1] Sector Performance - The optical packaging sector led the gains, with stocks like Dongtian Micro and Zhishang Technology hitting the daily limit of 20% [1] - Other sectors that saw gains included F5G concepts, optical fiber concepts, and high-speed copper cable connections, while coal mining and processing, Tianjin Free Trade Zone, and glyphosate concepts were among the worst performers [1] Historical Highs - A total of 49 stocks reached historical closing highs, with significant representation from the electronics, machinery, and communications sectors, which had 14, 8, and 6 stocks respectively [2] - The average increase for stocks reaching historical highs was 7.42%, with notable performers including Ruikeda, Dongtian Micro, and Zhishang Technology, all of which saw a 20% increase [2] Institutional Ratings - Six stocks received buy ratings from institutions today, including BYD, High Energy Environment, and Reader Media [4] - The average increase for stocks with buy ratings was 0.39%, underperforming the Shanghai Composite Index, with Honghe Technology hitting the daily limit [4] Net Buying and Selling - In the top stocks by net buying, 14 stocks saw net purchases exceeding 10 million yuan, with Xue Ren Group leading at 1.82 billion yuan, followed by Ruikang Pharmaceutical at 1.4 billion yuan [6] - On the selling side, Guangdong Hongda faced the highest net selling at 2.01 billion yuan, followed by Sun Cable and Lixing Co., both exceeding 89 million yuan [6] Notable Announcements - Weidi Co. plans to acquire control of Jiuxing Precision Technology, which is expected to constitute a major asset restructuring [10] - Tianfu Communication is currently planning to issue H-shares on the Hong Kong Stock Exchange [10] - Midea Group has completed a share buyback plan worth 10 billion yuan, intending to cancel 1.24% of the company's total share capital [10]

Core Viewpoint - Changguang Huaxin (688048.SH) announced unusual stock trading fluctuations, highlighting a recent increase in computing power demand and the uncertainty surrounding the contribution of its optical communication products to sales and profits [1] Group 1: Product Development and Market Position - The company has achieved mass production of its 100G EML and has begun sample delivery for its 200G EML, while 100G VCSEL, 100mW CW DFB, and 70mW CWDM4 DFB chips have reached mass production shipping levels [1] - Despite these advancements, the contribution of these products to the company's sales and profits remains highly uncertain [1] Group 2: Business Risks and Market Uncertainties - The company's optical communication business is significantly influenced by various factors, leading to considerable uncertainty in future development [1] - Geopolitical complexities may provide short-term opportunities in international markets, but the company's overseas business layout is still in its infancy, posing risks of underperformance and business obstacles [1] - Supply chain and raw material risks may arise during business development, particularly due to reliance on specific materials like indium phosphide, which could affect production delivery and cost control if supply chain fluctuations or changes in the international trade environment occur [1] - The demand in the optical communication market is closely tied to the progress of data center construction and global computing power demand; a slowdown in downstream investment or lower-than-expected demand could negatively impact the company's performance [1]

Core Viewpoint - Changguang Huaxin (688048.SH) has announced unusual stock trading fluctuations, highlighting a recent increase in computing power demand and the progress in its optical communication products, although the contribution to sales and profits remains highly uncertain [1] Group 1: Product Development - The company has achieved mass production of its 100G EML and has begun sample delivery for its 200G EML [1] - The 100G VCSEL, 100mW CW DFB, and 70mW CWDM4 DFB chips have reached mass production and shipping levels [1] Group 2: Market Uncertainty - The optical communication business is significantly influenced by various factors, leading to considerable uncertainty in future development [1] - Geopolitical complexities may provide short-term opportunities in international markets, but the company's overseas business layout is still in its early stages, posing risks of underperformance and business obstacles [1] - Supply chain and raw material risks may arise, particularly due to reliance on specific materials like indium phosphide, which could affect production delivery and cost control [1] - The demand in the optical communication market is closely tied to the progress of data center construction and global computing power demand; a slowdown in downstream investment or demand could negatively impact the company's performance [1]

Market Overview - The main board saw significant gains with stocks like Dahua Intelligent (+10.03%), Junya Technology (+10.03%), and Huamai Technology (+10.02%) leading the rise [1] - The ChiNext board also performed well, with Zhishang Technology (+20.00%), Dongtian Micro (+20.00%), and Rongke Technology (+20.00%) showing strong increases [1] - The Sci-Tech Innovation board was led by Ruikeda (+20.00%), Saiwei Microelectronics (+18.82%), and Changguang Huaxin (+15.26%) [1] - Active sub-industries included SW Communication Network Equipment and Devices (+6.84%) and SW Other Electronics III (+4.77%) [1] Domestic News - New Sound Semiconductor Co., Ltd. completed a C-round financing of 269 million yuan, planning to invest over 150 million yuan in capacity expansion at its Jiaxing production base, aiming to increase BAW filter annual production capacity to 1 billion units [1] - Hengxuan Technology reported smooth progress in the development of its next-generation low-power high-performance wearable chip, the BES6000 series, expected to enter the sample delivery stage in the first half of next year [1] - Visionox announced at Tsinghua University's forum that its fourth-generation pTSF technology has achieved mass production, marking a significant advancement in OLED key materials in China [1] - China's integrated circuit exports reached 1.29 trillion yuan in the first 11 months of this year, a year-on-year increase of 25.6%, significantly outpacing the overall export growth rate [1] Company Announcements - Jieshun Technology announced it won the operation project for the underground parking lot of Zhengzhou Longhu Financial Center, expecting operational revenue exceeding 70 million yuan over a six-year contract period [2] - GoerTek reported progress in the equity transaction of GoerTek Optical Technology Co., Ltd., with all preconditions for the share exchange transaction being met by December 9, 2025 [2] - Naxin Micro announced its first share buyback through centralized bidding, repurchasing 344,547 shares, accounting for 0.21% of the total share capital, with a total buyback amount of 53.74 million yuan [2] - Chuangyi Huikang reported the completion of the transfer of 117,698,823 shares held by Philips Investment, representing 7.60% of the total share capital [2] International News - LaserApps successfully fabricated a 30μm TGV on semiconductor glass substrates, achieving high aspect ratios [2] - Samsung Electronics received an order from AI chip startup Tsavorite, with an order value exceeding 100 million USD for AI chip foundry services using its 4nm process technology [2] - U.S. Senate members proposed legislation to formalize current export controls on advanced semiconductors, potentially affecting companies like NVIDIA and AMD [2] - Dell is considering a price increase of at least 15%-20% for PC and server products due to rising memory prices, with other manufacturers like HP also warning of potential price hikes [2]

Group 1 - The Sci-Tech Innovation Board indices showed significant gains, with the Sci-Tech Growth Index up by 3.2%, the Sci-Tech Green Index up by 2.0%, and both the Sci-Tech 50 Index and Sci-Tech 100 Index up by 1.9% [1] - The computing hardware sector experienced a surge, with notable stocks such as Ruikeda rising by 20%, Electric Power increasing by over 18%, and Changguang Huaxin gaining over 15% [1] - The AI application sector was also active, with stocks like Kaipu Cloud rising over 13%, Huichen Shares increasing by over 10%, and Pinggao Shares up by over 6% [1] Group 2 - The Sci-Tech 50 ETF tracks the Shanghai Stock Exchange Sci-Tech 50 Index, which consists of 50 stocks with high market capitalization and liquidity, prominently featuring "hard technology" companies, with over 65% in semiconductors and nearly 80% combined with medical devices, software development, and photovoltaic equipment [3] - The Sci-Tech 100 ETF follows the Shanghai Stock Exchange Sci-Tech 100 Index, which includes 100 stocks with medium market capitalization and good liquidity, focusing on small and medium-sized innovative companies [4] - The Sci-Tech Comprehensive Index ETF covers all securities in the Sci-Tech Board, focusing on core industries such as artificial intelligence, semiconductors, new energy, and innovative pharmaceuticals, encompassing all 17 primary industries listed on the Sci-Tech Board [7]

证券代码：688048 证券简称：长光华芯 公告编号： 2025-055 苏州长光华芯光电技术股份有限公司 股票交易异常波动公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 苏州长光华芯光电技术股份有限公司（以下简称"公司"）股票于 2025 年 12 月 5 日、12 月 8 日连续 2 个交易日内日收盘价格涨幅偏离值累计达到 30%。 根据《上海证券交易所交易规则》《上海证券交易所科创板股票交易特别 规定》《上海证券交易所科创板股票异常交易实时监控细则》的有关规定， 属于股票交易异常波动。公司股价短期涨幅较大，敬请投资者注意二级市 场股票交易风险。 近期算力需求增长，在光通信领域中，公司的 100G EML 已实现量产，200G EML 已开始送样，100G VCSEL、100mW CW DFB 和 70mW CWDM4 DFB 芯片已达 到量产出货水平（以上内容半年报已披露）。上述产品对本年度的销售额 及利润贡献量存在不确定性。产品研发进展、送样测试、产品导入和市场 拓展等都存在一定的不确定性和 ...

格隆汇12月8日丨长光华芯(688048.SH)发布股票交易异常波动公告称，公司的光通信业务受多重因素的 影响，未来发展具有很大的不确定性。第一，由于地缘政治因素复杂多变，局部的缓和可能会短期带来 部分国际市场的开拓机会，但公司光芯片的海外业务布局尚处于起步阶段，可能出现发展不及预期、业 务受阻等不可预测的风险；第二，业务发展过程中可能出现供应链与原材料风险，由于高端光通信产品 依赖特定原材料（如磷化铟），若供应链出现波动或国际贸易环境变化，可能影响生产交付与成本控 制。第三，光通信市场需求与数据中心建设进程、全球算力需求发展等因素紧密相关，若下游投资节奏 放缓或需求不及预期，可能会对公司的业绩产生影响。 ...

Core Viewpoint - The company announced significant stock price fluctuations and reported strong revenue growth for the first three quarters of 2025, but also highlighted uncertainties in its business due to geopolitical and supply chain factors [1] Financial Performance - For the first three quarters of 2025, the company achieved revenue of 339 million yuan, representing a year-on-year increase of 67.42% [1] - The net profit for the same period was 20.94 million yuan [1] Business Drivers - Revenue growth is attributed to market expansion, high-power single-tube products, and optical communication product shipments [1] Risks and Uncertainties - The company cautioned that sales and profit contributions from products like 100G EML are uncertain [1] - The optical communication business faces development uncertainties due to geopolitical issues and supply chain factors [1]

Group 1 - The semiconductor sector experienced a significant increase of 2.82% on December 8, with Saiwei Microelectronics leading the gains [1] - The Shanghai Composite Index closed at 3924.08, up 0.54%, while the Shenzhen Component Index closed at 13329.99, up 1.39% [1] - Notable gainers in the semiconductor sector included Saiwei Microelectronics, which rose by 18.82% to a closing price of 101.20, and Changguang Huaxin, which increased by 15.26% to 148.48 [1] Group 2 - The semiconductor sector saw a net inflow of 4.429 billion yuan from institutional funds, while retail investors experienced a net outflow of 2.247 billion yuan [2] - Major stocks that declined included Hangyu Micro, which fell by 2.63% to 17.00, and Hongwei Technology, which decreased by 1.97% to 27.41 [2] - The trading volume for the semiconductor sector was substantial, with Saiwei Microelectronics recording a trading volume of 475,000 shares and a transaction value of 460 million yuan [1][2]