研報掘金丨華鑫證券:新易盛盈利能力有望進一步提升,維持“買入”評級
華鑫證券研報指出,新易盛預計上半年實現歸母淨利潤37億元-42億元,同比增長327.68%-385.47%;800G需求爆發驅動業績高增,技術領先夯實成長動能。上半年全球人工智能算力基礎設施建設持續加碼,在AI算力與數據中心基礎設施建設方面形成支出高峯,拉動高性能光模塊產品需求。新易盛泰國工廠一期自2023年上半年投入運營以來持續高效運轉,二期於2025年初正式投產後快速釋放產能,重點聚焦1.6T模塊量產,目前處在持續擴產階段。公司積極投入下一代技術研發,公司從2017年投資Alpine開始參與硅光的佈局,在CPO技術領域也已有佈局,當未來CPO形成生態系統時,公司有望在CPO相關產品的競爭中佔得一席之地。公司客戶和產品結構不斷優化,作爲高速數通光模塊領先廠商,公司盈利能力有望進一步提升,維持“買入”投資評級。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.