{"data":{"article_id": "","user_id": "","source_id": "","title":"仕佳光子：PLC芯片全球领先，AI驱动通信光芯片","subtitle": "","image": "","cover": "","content":"\u003Cp style=\"-webkit-tap-highlight-color: transparent; margin: 0px 0px 24px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgba(0, 0, 0, 0.9); font-family: "PingFang SC", system-ui, -apple-system, BlinkMacSystemFont, "Helvetica Neue", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; visibility: visible; overflow-wrap: break-word !important;\"\u003E\u003Cspan leaf=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; visibility: visible; overflow-wrap: break-word !important;\"\u003E\u003Cspan textstyle=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(255, 76, 65); font-weight: bold; visibility: visible; overflow-wrap: break-word !important;\"\u003E仕佳光子：PLC芯片全球领先，AI驱动通信光芯片，多品类布局打造光芯片平台\u003C\u002Fspan\u003E\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\u003Cp style=\"-webkit-tap-highlight-color: transparent; margin: 0px 0px 24px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgba(0, 0, 0, 0.9); font-family: "PingFang SC", system-ui, -apple-system, BlinkMacSystemFont, "Helvetica Neue", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; visibility: visible; overflow-wrap: break-word !important;\"\u003E\u003Cspan leaf=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; visibility: visible; overflow-wrap: break-word !important;\"\u003E\u003Cspan textstyle=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(0, 128, 255); visibility: visible; overflow-wrap: break-word !important;\"\u003E据TrendForce预测，到2025年400Gbps以上高速光收发模块全球出货量将超过3,190万只，年增速高达56.5% ，这意味着AI服务器之间海量数据传输需要成堆的光模块，而光芯片作为光模块上游核心元件，需求也要同步upup。\u003C\u002Fspan\u003E\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\u003Cp style=\"-webkit-tap-highlight-color: transparent; margin: 0px 0px 24px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgba(0, 0, 0, 0.9); font-family: "PingFang SC", system-ui, -apple-system, BlinkMacSystemFont, "Helvetica Neue", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; visibility: visible; overflow-wrap: break-word !important;\"\u003E\u003Cspan leaf=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; visibility: visible; overflow-wrap: break-word !important;\"\u003E主营业务与技术路线：\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\u003Cp style=\"-webkit-tap-highlight-color: transparent; margin: 0px 0px 24px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgba(0, 0, 0, 0.9); font-family: "PingFang SC", system-ui, -apple-system, BlinkMacSystemFont, "Helvetica Neue", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; visibility: visible; overflow-wrap: break-word !important;\"\u003E\u003Cspan leaf=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; visibility: visible; overflow-wrap: break-word !important;\"\u003E仕佳光子是土生土长的光通信选手，主营覆盖光芯片及器件、室内光缆、线缆材料三大板块，产品有源光芯片（激光器等）和无源光芯片（分路器、A芯片等），是国内少数“主动+被动”光芯片均有布局的企业。这条技术路线研发壁垒不低，但胜在卡位光通信产业链上游。\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\u003Cp style=\"-webkit-tap-highlight-color: transparent; margin: 0px 0px 24px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgba(0, 0, 0, 0.9); font-family: "PingFang SC", system-ui, -apple-system, BlinkMacSystemFont, "Helvetica Neue", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; visibility: visible; overflow-wrap: break-word !important;\"\u003E\u003Cspan leaf=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; visibility: visible; overflow-wrap: break-word !important;\"\u003E“芯片+光模块方向，仕佳更像实验室里的学霸，攻克高速光通信器件；\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\u003Cp style=\"-webkit-tap-highlight-color: transparent; margin: 0px 0px 24px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgba(0, 0, 0, 0.9); font-family: "PingFang SC", system-ui, -apple-system, BlinkMacSystemFont, "Helvetica Neue", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; visibility: visible; overflow-wrap: break-word !important;\"\u003E\u003Cspan leaf=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; visibility: visible; overflow-wrap: break-word !important;\"\u003E竞争力与护城河：\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\u003Cp style=\"-webkit-tap-highlight-color: transparent; margin: 0px 0px 24px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgba(0, 0, 0, 0.9); font-family: "PingFang SC", system-ui, -apple-system, BlinkMacSystemFont, "Helvetica Neue", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; visibility: visible; overflow-wrap: break-word !important;\"\u003E\u003Cspan leaf=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; visibility: visible; overflow-wrap: break-word !important;\"\u003E仕佳光子竞争力在技术领先的光芯片研制能力。公司持续高比例投入研发，2024年研发支出达1.03亿元，占营收近10%。面向AI数据中心的硅光高功率CW DFB激光器芯片也进入小批量生产，为新一代数据中心提供关键光源。这些硬核成果构筑了它在光通信领域的技术壁垒。\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\u003Cp style=\"-webkit-tap-highlight-color: transparent; margin: 0px 0px 24px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgba(0, 0, 0, 0.9); font-family: "PingFang SC", system-ui, -apple-system, BlinkMacSystemFont, "Helvetica Neue", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; visibility: visible; overflow-wrap: break-word !important;\"\u003E\u003Cspan leaf=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; visibility: visible; overflow-wrap: break-word !important;\"\u003E概念属性与市场想象力：\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\u003Cp style=\"-webkit-tap-highlight-color: transparent; margin: 0px 0px 24px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgba(0, 0, 0, 0.9); font-family: "PingFang SC", system-ui, -apple-system, BlinkMacSystemFont, "Helvetica Neue", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; visibility: visible; overflow-wrap: break-word !important;\"\u003E\u003Cspan leaf=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; visibility: visible; overflow-wrap: break-word !important;\"\u003E仕佳光子贴着纯正的光芯片\u002F光通信标签。它直接受益于“东数西算”（东部数据中心需求）等国家工程和AI算力浪潮，属于典型的硬科技股。同时，由于光芯片应用延伸到5G承载网、数据中心互联，仕佳也沾边5G通信和AI基建概念，可谓科技属性拉满。\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\u003Cp style=\"-webkit-tap-highlight-color: transparent; margin: 0px 0px 24px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgba(0, 0, 0, 0.9); font-family: "PingFang SC", system-ui, -apple-system, BlinkMacSystemFont, "Helvetica Neue", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; visibility: visible; overflow-wrap: break-word !important;\"\u003E\u003Cspan leaf=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; visibility: visible; overflow-wrap: break-word !important;\"\u003E从业绩上看，仕佳光子持续加大研发投入，2023年研发费用同比增长19.51%，达到约9602.7万元，占营业收入的比例提高至12.73%，高于行业平均水平。\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\u003Cp style=\"-webkit-tap-highlight-color: transparent; margin: 0px 0px 24px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgba(0, 0, 0, 0.9); font-family: "PingFang SC", system-ui, -apple-system, BlinkMacSystemFont, "Helvetica Neue", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; overflow-wrap: break-word !important;\"\u003E\u003Cspan leaf=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; overflow-wrap: break-word !important;\"\u003E由于23年市场需求疲软和产品价格下调，仕佳光子甚至出现了亏损，但是近两年两家业绩都有质的飞跃。仕佳光子销量提升，业绩增速飞快。\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\u003Cp style=\"-webkit-tap-highlight-color: transparent; margin: 0px 0px 24px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgba(0, 0, 0, 0.9); font-family: "PingFang SC", system-ui, -apple-system, BlinkMacSystemFont, "Helvetica Neue", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; overflow-wrap: break-word !important;\"\u003E\u003Cspan leaf=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; overflow-wrap: break-word !important;\"\u003E这和业务方向有很大关系，仕佳的机会是“光通信+AI”风口上的冲浪板，只要技术方向不错，浪起来时速度惊人。\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\u003Cp style=\"-webkit-tap-highlight-color: transparent; margin: 0px 0px 24px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgba(0, 0, 0, 0.9); font-family: "PingFang SC", system-ui, -apple-system, BlinkMacSystemFont, "Helvetica Neue", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; overflow-wrap: break-word !important;\"\u003E\u003Cspan leaf=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; overflow-wrap: break-word !important;\"\u003E\u003Cbr style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; overflow-wrap: break-word !important;\"\u003E\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\u003Csection data-pm-slice=\"0 0 \" style=\"-webkit-tap-highlight-color: transparent; margin: 0px 0px 24px; padding: 0px; outline: 0px; max-width: 100%; color: rgba(0, 0, 0, 0.9); font-family: "PingFang SC", system-ui, -apple-system, BlinkMacSystemFont, "Helvetica Neue", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; overflow-wrap: break-word !important;\"\u003E\u003Cspan style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(255, 76, 65); visibility: visible; overflow-wrap: break-word !important;\"\u003E\u003Cstrong style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; visibility: visible; overflow-wrap: break-word !important;\"\u003E公司围绕光芯片进行横向拓展和纵向延伸：在横向拓展方面，公司从单一 PLC 光分路器芯片突破至系列无源芯片（A 芯片、VOA 芯片、OSW 芯片）、有源芯片（DFB 激光器芯片、高功率 CW DFB 激光器芯片、EML 激光器芯片）等，未来向“无源+有源”的光电集成方向演进，紧跟行业发展趋势；在纵向延伸方面，公司以晶圆、芯片为基础，通过封装工艺技术的不断提升，由光芯片逐步向光器件、光模块领域延伸。\u003C\u002Fstrong\u003E\u003C\u002Fspan\u003E\u003C\u002Fsection\u003E\u003Cp data-pid=\"vvJdQ9YM\" data-pm-slice=\"0 0 \" style=\"-webkit-tap-highlight-color: transparent; margin: 1.4em 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(25, 27, 31); font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Microsoft YaHei", "Source Han Sans SC", "Noto Sans CJK SC", "WenQuanYi Micro Hei", sans-serif; font-size: medium; visibility: visible; overflow-wrap: break-word !important;\"\u003E\u003Cspan leaf=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; visibility: visible; overflow-wrap: break-word !important;\"\u003E仕佳光子(SH:688313)的主要产品是PLC光分路器芯片、A芯片、VOA芯片及器件模块、OSW芯片、WDM器件及模块、光纤连接器跳线、FP激光器芯片、DFB激光器芯片、EML激光器芯片、室内光缆、线缆高分子材料。\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\u003Cfigure data-size=\"normal\" style=\"-webkit-tap-highlight-color: transparent; margin: 1.4em 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(25, 27, 31); font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Microsoft YaHei", "Source Han Sans SC", "Noto Sans CJK SC", "WenQuanYi Micro Hei", sans-serif; font-size: medium; visibility: visible; overflow-wrap: break-word !important;\"\u003E\u003C\u002Ffigure\u003E\u003Cp data-pid=\"U6QrlsB6\" style=\"-webkit-tap-highlight-color: transparent; margin: 1.4em 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(25, 27, 31); font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Microsoft YaHei", "Source Han Sans SC", "Noto Sans CJK SC", "WenQuanYi Micro Hei", sans-serif; font-size: medium; visibility: visible; overflow-wrap: break-word !important;\"\u003E\u003Cspan leaf=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; visibility: visible; overflow-wrap: break-word !important;\"\u003E公司应用于AI数据中心的产品有：\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\u003Cp data-pid=\"cVSqLiUQ\" style=\"-webkit-tap-highlight-color: transparent; margin: 1.4em 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(25, 27, 31); font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Microsoft YaHei", "Source Han Sans SC", "Noto Sans CJK SC", "WenQuanYi Micro Hei", sans-serif; font-size: medium; visibility: visible; overflow-wrap: break-word !important;\"\u003E\u003Cspan leaf=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; visibility: visible; overflow-wrap: break-word !important;\"\u003E4CH A晶圆芯片\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\u003Cp data-pid=\"ysZ19Nm1\" style=\"-webkit-tap-highlight-color: transparent; margin: 1.4em 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(25, 27, 31); font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Microsoft YaHei", "Source Han Sans SC", "Noto Sans CJK SC", "WenQuanYi Micro Hei", sans-serif; font-size: medium; visibility: visible; overflow-wrap: break-word !important;\"\u003E\u003Cspan leaf=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; visibility: visible; overflow-wrap: break-word !important;\"\u003E4x25Gb\u002Fs PSM4 光发射组件\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\u003Cp data-pid=\"DacWGait\" style=\"-webkit-tap-highlight-color: transparent; margin: 1.4em 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(25, 27, 31); font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Microsoft YaHei", "Source Han Sans SC", "Noto Sans CJK SC", "WenQuanYi Micro Hei", sans-serif; font-size: medium; visibility: visible; overflow-wrap: break-word !important;\"\u003E\u003Cspan leaf=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; visibility: visible; overflow-wrap: break-word !important;\"\u003E4x25Gb\u002Fs PSM4 光接收组件\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\u003Cp data-pid=\"0bvEdbI8\" style=\"-webkit-tap-highlight-color: transparent; margin: 1.4em 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(25, 27, 31); font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Microsoft YaHei", "Source Han Sans SC", "Noto Sans CJK SC", "WenQuanYi Micro Hei", sans-serif; font-size: medium; visibility: visible; overflow-wrap: break-word !important;\"\u003E\u003Cspan leaf=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; visibility: visible; overflow-wrap: break-word !important;\"\u003E4x25Gb\u002Fs CWDM4\u002FCLR4 光发射组件\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\u003Cp data-pid=\"PpulIM5z\" style=\"-webkit-tap-highlight-color: transparent; margin: 1.4em 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(25, 27, 31); font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Microsoft YaHei", "Source Han Sans SC", "Noto Sans CJK SC", "WenQuanYi Micro Hei", sans-serif; font-size: medium; visibility: visible; overflow-wrap: break-word !important;\"\u003E\u003Cspan leaf=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; visibility: visible; overflow-wrap: break-word !important;\"\u003E4x25Gb\u002Fs CWDM4\u002FCLR4 光接收组件\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\u003Cp data-pid=\"AbSvcZm0\" style=\"-webkit-tap-highlight-color: transparent; margin: 1.4em 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(25, 27, 31); font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Microsoft YaHei", "Source Han Sans SC", "Noto Sans CJK SC", "WenQuanYi Micro Hei", sans-serif; font-size: medium; visibility: visible; overflow-wrap: break-word !important;\"\u003E\u003Cspan leaf=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; visibility: visible; overflow-wrap: break-word !important;\"\u003E25Gbps 工业级 LR 光发射组件\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\u003Cp data-pid=\"93gmZImb\" style=\"-webkit-tap-highlight-color: transparent; margin: 1.4em 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(25, 27, 31); font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Microsoft YaHei", "Source Han Sans SC", "Noto Sans CJK SC", "WenQuanYi Micro Hei", sans-serif; font-size: medium; visibility: visible; overflow-wrap: break-word !important;\"\u003E\u003Cspan leaf=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; visibility: visible; overflow-wrap: break-word !important;\"\u003E25Gbps LR PIN 光接收组件\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\u003Cp data-pid=\"71Wu4fSf\" style=\"-webkit-tap-highlight-color: transparent; margin: 1.4em 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(25, 27, 31); font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Microsoft YaHei", "Source Han Sans SC", "Noto Sans CJK SC", "WenQuanYi Micro Hei", sans-serif; font-size: medium; visibility: visible; overflow-wrap: break-word !important;\"\u003E\u003Cspan leaf=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; visibility: visible; overflow-wrap: break-word !important;\"\u003E25Gbps 电吸收调制光发射组件\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\u003Cp data-pid=\"1eXpf5XM\" style=\"-webkit-tap-highlight-color: transparent; margin: 1.4em 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(25, 27, 31); font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Microsoft YaHei", "Source Han Sans SC", "Noto Sans CJK SC", "WenQuanYi Micro Hei", sans-serif; font-size: medium; visibility: visible; overflow-wrap: break-word !important;\"\u003E\u003Cspan leaf=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; visibility: visible; overflow-wrap: break-word !important;\"\u003EMPO-MPO跳线\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\u003Cp data-pid=\"4cWFa7Ga\" style=\"-webkit-tap-highlight-color: transparent; margin: 1.4em 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(25, 27, 31); font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Microsoft YaHei", "Source Han Sans SC", "Noto Sans CJK SC", "WenQuanYi Micro Hei", sans-serif; font-size: medium; visibility: visible; overflow-wrap: break-word !important;\"\u003E\u003Cspan leaf=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; visibility: visible; overflow-wrap: break-word !important;\"\u003E预端接跳线\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\u003Cp data-pid=\"urd7_9mc\" style=\"-webkit-tap-highlight-color: transparent; margin: 1.4em 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(25, 27, 31); font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Microsoft YaHei", "Source Han Sans SC", "Noto Sans CJK SC", "WenQuanYi Micro Hei", sans-serif; font-size: medium; visibility: visible; overflow-wrap: break-word !important;\"\u003E\u003Cspan leaf=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; visibility: visible; overflow-wrap: break-word !important;\"\u003EMPO预端接跳线\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\u003Cp data-pid=\"yyO1i-rO\" style=\"-webkit-tap-highlight-color: transparent; margin: 1.4em 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(25, 27, 31); font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Microsoft YaHei", "Source Han Sans SC", "Noto Sans CJK SC", "WenQuanYi Micro Hei", sans-serif; font-size: medium; visibility: visible; overflow-wrap: break-word !important;\"\u003E\u003Cspan leaf=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; visibility: visible; overflow-wrap: break-word !important;\"\u003E预端接光纤配线架\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\u003Cp data-pid=\"n96yKMTm\" style=\"-webkit-tap-highlight-color: transparent; margin: 1.4em 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(25, 27, 31); font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Microsoft YaHei", "Source Han Sans SC", "Noto Sans CJK SC", "WenQuanYi Micro Hei", sans-serif; font-size: medium; visibility: visible; overflow-wrap: break-word !important;\"\u003E\u003Cspan leaf=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; visibility: visible; overflow-wrap: break-word !important;\"\u003E数据中心光缆Ⅰ型\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\u003Cp data-pid=\"h-z7tSMe\" style=\"-webkit-tap-highlight-color: transparent; margin: 1.4em 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(25, 27, 31); font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Microsoft YaHei", "Source Han Sans SC", "Noto Sans CJK SC", "WenQuanYi Micro Hei", sans-serif; font-size: medium; visibility: visible; overflow-wrap: break-word !important;\"\u003E\u003Cspan leaf=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; visibility: visible; overflow-wrap: break-word !important;\"\u003E数据中心光缆Ⅱ型\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\u003Cp data-pid=\"ifVZ25-d\" style=\"-webkit-tap-highlight-color: transparent; margin: 1.4em 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(25, 27, 31); font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Microsoft YaHei", "Source Han Sans SC", "Noto Sans CJK SC", "WenQuanYi Micro Hei", sans-serif; font-size: medium; visibility: visible; overflow-wrap: break-word !important;\"\u003E\u003Cspan leaf=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; visibility: visible; overflow-wrap: break-word !important;\"\u003E数据中心光缆Ⅲ型\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\u003Cp data-pid=\"2q0KLD01\" style=\"-webkit-tap-highlight-color: transparent; margin: 1.4em 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(25, 27, 31); font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Microsoft YaHei", "Source Han Sans SC", "Noto Sans CJK SC", "WenQuanYi Micro Hei", sans-serif; font-size: medium; overflow-wrap: break-word !important;\"\u003E\u003Cspan leaf=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; overflow-wrap: break-word !important;\"\u003E1310 大功率激光器芯片\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\u003Cp data-pid=\"kqdZ5-Sp\" data-pm-slice=\"0 0 \" style=\"-webkit-tap-highlight-color: transparent; margin: 0px 0px 24px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgba(0, 0, 0, 0.9); font-family: "PingFang SC", system-ui, -apple-system, BlinkMacSystemFont, "Helvetica Neue", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; overflow-wrap: break-word !important;\"\u003E\u003Cspan leaf=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif; line-height: 1.6; letter-spacing: 0.034em; overflow-wrap: break-word !important;\"\u003E\u003Cbr style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; overflow-wrap: break-word !important;\"\u003E\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\u003Cp data-pid=\"-js0eP37\" style=\"-webkit-tap-highlight-color: transparent; margin: 1.4em 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(25, 27, 31); font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Microsoft YaHei", "Source Han Sans SC", "Noto Sans CJK SC", "WenQuanYi Micro Hei", sans-serif; font-size: medium; overflow-wrap: break-word !important;\"\u003E\u003Cspan leaf=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; overflow-wrap: break-word !important;\"\u003E公司光芯片业务发展前景良好，有三大驱动因素：\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\u003Cp data-pid=\"pYcpb3LC\" style=\"-webkit-tap-highlight-color: transparent; margin: 1.4em 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(25, 27, 31); font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Microsoft YaHei", "Source Han Sans SC", "Noto Sans CJK SC", "WenQuanYi Micro Hei", sans-serif; font-size: medium; overflow-wrap: break-word !important;\"\u003E\u003Cspan leaf=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; overflow-wrap: break-word !important;\"\u003E●下游需求高增长\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\u003Csection data-pm-slice=\"0 0 \" style=\"-webkit-tap-highlight-color: transparent; margin: 0px 0px 24px; padding: 0px; outline: 0px; max-width: 100%; color: rgba(0, 0, 0, 0.9); font-family: "PingFang SC", system-ui, -apple-system, BlinkMacSystemFont, "Helvetica Neue", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; overflow-wrap: break-word !important;\"\u003E\u003Cspan style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; overflow-wrap: break-word !important;\"\u003E\u003Cstrong style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; overflow-wrap: break-word !important;\"\u003E\u003Cspan leaf=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif; line-height: 1.6; letter-spacing: 0.034em; font-weight: normal; overflow-wrap: break-word !important;\"\u003E新一轮以 AI为代表的科技革命正席卷全球，算力基础设施的海量增长和升级换代将成为必然趋势。在此背景下，光芯片作为光模块中最核心的器件，市场需求非常大，尤其是中高端的光芯片。根据 LightCounting 数据测算，光芯片占光模块市场比重从 2018年约 15%的水平到 2025 以后超过 25%的水平，呈上升趋势。光电子器件是光模块的重要组成部分，光芯片的成本占比分布在低端器件、中端器件、高端器件上的数据大约分别为 20%、50%、70%。随着通讯、AI 等产业对高性能光模块的需求快速增长，光芯片将呈现量价齐升的增长趋势。\u003C\u002Fspan\u003E\u003C\u002Fstrong\u003E\u003C\u002Fspan\u003E\u003C\u002Fsection\u003E\u003Csection nodeleaf=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px 0px 24px; padding: 0px; outline: 0px; max-width: 100%; color: rgba(0, 0, 0, 0.9); font-family: "PingFang SC", system-ui, -apple-system, BlinkMacSystemFont, "Helvetica Neue", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: center; overflow-wrap: break-word !important;\"\u003E\u003Cbr\u003E\u003C\u002Fsection\u003E\u003Cp data-pid=\"625SaX2G\" data-pm-slice=\"0 0 \" style=\"-webkit-tap-highlight-color: transparent; margin: 1.4em 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(25, 27, 31); font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Microsoft YaHei", "Source Han Sans SC", "Noto Sans CJK SC", "WenQuanYi Micro Hei", sans-serif; font-size: medium; overflow-wrap: break-word !important;\"\u003E\u003Cspan leaf=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; overflow-wrap: break-word !important;\"\u003E当前高功率激光芯片、高速率激光芯片、VCSEL芯片等细分赛道国产化率总体水平较低，国产光芯片厂商市占率提升空间广阔。比如，25G以上的光芯片国产替代率在2021年才5%。\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\u003Cfigure data-size=\"normal\" style=\"-webkit-tap-highlight-color: transparent; margin: 1.4em 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(25, 27, 31); font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Microsoft YaHei", "Source Han Sans SC", "Noto Sans CJK SC", "WenQuanYi Micro Hei", sans-serif; font-size: medium; overflow-wrap: break-word !important;\"\u003E\u003C\u002Ffigure\u003E\u003Cp data-pid=\"VvWzpEiy\" data-pm-slice=\"0 0 \" style=\"-webkit-tap-highlight-color: transparent; margin: 1.4em 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(25, 27, 31); font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Microsoft YaHei", "Source Han Sans SC", "Noto Sans CJK SC", "WenQuanYi Micro Hei", sans-serif; font-size: medium; overflow-wrap: break-word !important;\"\u003E\u003Cspan leaf=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; overflow-wrap: break-word !important;\"\u003E2024年，公司研发在中高端光芯片方面不断取得突破：\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\u003Cp data-pid=\"4fxftnfn\" style=\"-webkit-tap-highlight-color: transparent; margin: 1.4em 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(25, 27, 31); font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Microsoft YaHei", "Source Han Sans SC", "Noto Sans CJK SC", "WenQuanYi Micro Hei", sans-serif; font-size: medium; overflow-wrap: break-word !important;\"\u003E\u003Cspan leaf=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; overflow-wrap: break-word !important;\"\u003E1）应用于 400G 和 800G 光模块的 CWDM\u002FLAN WDM A 组件大批量出货；\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\u003Cp data-pid=\"4l0tiwhN\" style=\"-webkit-tap-highlight-color: transparent; margin: 1.4em 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(25, 27, 31); font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Microsoft YaHei", "Source Han Sans SC", "Noto Sans CJK SC", "WenQuanYi Micro Hei", sans-serif; font-size: medium; overflow-wrap: break-word !important;\"\u003E\u003Cspan leaf=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; overflow-wrap: break-word !important;\"\u003E2）开发出适用于 1.6T 光模块用的 A 芯片及组件；\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\u003Cp data-pid=\"lY-6yDOr\" style=\"-webkit-tap-highlight-color: transparent; margin: 1.4em 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(25, 27, 31); font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Microsoft YaHei", "Source Han Sans SC", "Noto Sans CJK SC", "WenQuanYi Micro Hei", sans-serif; font-size: medium; overflow-wrap: break-word !important;\"\u003E\u003Cspan leaf=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; overflow-wrap: break-word !important;\"\u003E3）开发出应用于 800G\u002F1.6T 光模块的 MT-FA 产品，实现小批量出货；\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\u003Cp data-pid=\"x3foKp6C\" style=\"-webkit-tap-highlight-color: transparent; margin: 1.4em 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(25, 27, 31); font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Microsoft YaHei", "Source Han Sans SC", "Noto Sans CJK SC", "WenQuanYi Micro Hei", sans-serif; font-size: medium; overflow-wrap: break-word !important;\"\u003E\u003Cspan leaf=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; overflow-wrap: break-word !important;\"\u003E4）开发出应用于 800G\u002F1.6T 网络的多芯数高密度光缆连接器（MMC\u002FSNMT），实现批量出\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\u003Cp data-pid=\"Ju3RG7YO\" style=\"-webkit-tap-highlight-color: transparent; margin: 1.4em 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(25, 27, 31); font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Microsoft YaHei", "Source Han Sans SC", "Noto Sans CJK SC", "WenQuanYi Micro Hei", sans-serif; font-size: medium; overflow-wrap: break-word !important;\"\u003E\u003Cspan leaf=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; overflow-wrap: break-word !important;\"\u003E5）开发出数据中心用 1310nm 100G EML 激光器；\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\u003Cp data-pid=\"aHR7u6KT\" style=\"-webkit-tap-highlight-color: transparent; margin: 1.4em 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(25, 27, 31); font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Microsoft YaHei", "Source Han Sans SC", "Noto Sans CJK SC", "WenQuanYi Micro Hei", sans-serif; font-size: medium; overflow-wrap: break-word !important;\"\u003E\u003Cspan leaf=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; overflow-wrap: break-word !important;\"\u003E6）开发出数据中心用硅光配套非控温 100mW CW DFB 激光器与商温 200mW CW DFB 激光\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\u003Cp data-pid=\"U1gOd7mZ\" style=\"-webkit-tap-highlight-color: transparent; margin: 1.4em 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(25, 27, 31); font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Microsoft YaHei", "Source Han Sans SC", "Noto Sans CJK SC", "WenQuanYi Micro Hei", sans-serif; font-size: medium; overflow-wrap: break-word !important;\"\u003E\u003Cspan leaf=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; overflow-wrap: break-word !important;\"\u003E器，并实现小批量出货；\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\u003Cp data-pid=\"JS7V451v\" style=\"-webkit-tap-highlight-color: transparent; margin: 1.4em 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(25, 27, 31); font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Microsoft YaHei", "Source Han Sans SC", "Noto Sans CJK SC", "WenQuanYi Micro Hei", sans-serif; font-size: medium; overflow-wrap: break-word !important;\"\u003E\u003Cspan leaf=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; overflow-wrap: break-word !important;\"\u003E7）开发出面向数据中心和人工智能算力高功率（>900mW）MOPA 激光器；\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\u003Cp data-pid=\"xzLqqC99\" style=\"-webkit-tap-highlight-color: transparent; margin: 1.4em 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(25, 27, 31); font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Microsoft YaHei", "Source Han Sans SC", "Noto Sans CJK SC", "WenQuanYi Micro Hei", sans-serif; font-size: medium; overflow-wrap: break-word !important;\"\u003E\u003Cspan leaf=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; overflow-wrap: break-word !important;\"\u003E8）开发出千兆接入网用 10G 1577nm EML 激光器；\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\u003Cp data-pid=\"xtYEVIFO\" style=\"-webkit-tap-highlight-color: transparent; margin: 1.4em 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(25, 27, 31); font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Microsoft YaHei", "Source Han Sans SC", "Noto Sans CJK SC", "WenQuanYi Micro Hei", sans-serif; font-size: medium; overflow-wrap: break-word !important;\"\u003E\u003Cspan leaf=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; overflow-wrap: break-word !important;\"\u003E9）开发出万兆接入网用 50G 1342nm EML+SOA 激光器及 25G 1286nm DFB 激光器。\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\u003Cp data-pid=\"EnuHTREk\" data-pm-slice=\"0 0 \" style=\"-webkit-tap-highlight-color: transparent; margin: 1.4em 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(25, 27, 31); font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Microsoft YaHei", "Source Han Sans SC", "Noto Sans CJK SC", "WenQuanYi Micro Hei", sans-serif; font-size: medium; overflow-wrap: break-word !important;\"\u003E\u003Cspan leaf=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; overflow-wrap: break-word !important;\"\u003E仕佳光子(SH:688313)作为国内光芯片的头部厂商，伴随技术不断突破，在高速 EML、CW DFB 激光器芯片领域正逐步打破国外技术垄断，会享受到巨大的进口替代红利。\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\u003Cfigure data-size=\"normal\" style=\"-webkit-tap-highlight-color: transparent; margin: 1.4em 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(25, 27, 31); font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Microsoft YaHei", "Source Han Sans SC", "Noto Sans CJK SC", "WenQuanYi Micro Hei", sans-serif; font-size: medium; overflow-wrap: break-word !important;\"\u003E\u003C\u002Ffigure\u003E\u003Cp data-pid=\"QVGnTNNA\" data-pm-slice=\"0 0 \" style=\"-webkit-tap-highlight-color: transparent; margin: 1.4em 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(25, 27, 31); font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Microsoft YaHei", "Source Han Sans SC", "Noto Sans CJK SC", "WenQuanYi Micro Hei", sans-serif; font-size: medium; overflow-wrap: break-word !important;\"\u003E\u003Cspan leaf=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; overflow-wrap: break-word !important;\"\u003E根据 ICC 的测算，2019-2024 年，我国光芯片厂商销售规模占全球光芯片市场的比例不断提升，中高速率光芯片增长更快。\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\u003Cfigure data-size=\"normal\" style=\"-webkit-tap-highlight-color: transparent; margin: 1.4em 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(25, 27, 31); font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Microsoft YaHei", "Source Han Sans SC", "Noto Sans CJK SC", "WenQuanYi Micro Hei", sans-serif; font-size: medium; overflow-wrap: break-word !important;\"\u003E\u003C\u002Ffigure\u003E\u003Cp data-pid=\"3wOjbQJj\" style=\"-webkit-tap-highlight-color: transparent; margin: 1.4em 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(25, 27, 31); font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Microsoft YaHei", "Source Han Sans SC", "Noto Sans CJK SC", "WenQuanYi Micro Hei", sans-serif; font-size: medium; overflow-wrap: break-word !important;\"\u003E\u003Cspan leaf=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; overflow-wrap: break-word !important;\"\u003E目前，公司在PLC 分路器芯片领域已经是全球领先。全球范围内，PLC 分路器芯片主要生产商包括深圳市砺芯科技有限公司、仕佳光子、鸿辉光通、太辰光、中兴\u003C\u002Fspan\u003E\u003Csvg width=\"10px\" height=\"10px\" viewBox=\"0 0 15 15\"\u003E\u003Cpath d=\"M10.89 9.477l3.06 3.059a1 1 0 0 1-1.414 1.414l-3.06-3.06a6 6 0 1 1 1.414-1.414zM6 10a4 4 0 1 0 0-8 4 4 0 0 0 0 8z\" fill=\"currentColor\"\u003E\u003C\u002Fpath\u003E\u003C\u002Fsvg\u003E\u003Cspan leaf=\"\" style=\"-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; overflow-wrap: break-word !important;\"\u003E新地、Wooriro、株式会社大道光通信、AL Tech Inc、无锡爱沃富光电科技、中禾飞阳科技等，其中前五大厂商占约 79%。相信在EML、CW DFB 激光器芯片等领域，仕佳光子(SH:688313)和国内其他光芯片厂商也会像PLC分路器芯片一样，会占据更多市场份额，从低端走向中高端市场。\u003C\u002Fspan\u003E\u003C\u002Fp\u003E\u003Cp data-pid=\"ULp7uh6k\" data-pm-slice=\"0 0 \" style=\"-webkit-tap-highlight-color: transparent; margin: 0px 0px 24px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgba(0, 0, 0, 0.9); font-family: "PingFang SC", system-ui, -apple-system, BlinkMacSystemFont, "Helvetica Neue", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; overflow-wrap: break-word !important;\"\u003E\u003Cspan leaf=\"\" data-pm-slice=\"1 1 ["para",{"tagName":"p","attributes":{},"namespaceURI":"http:\u002F\u002Fwww.w3.org\u002F1999\u002Fxhtml"}]}}