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报告将中际旭创目标价从435元上调至475元(涨幅9%),截至9月30日收盘价403.68元,对应18%上行空间,维持“增持”评级;同时上调2025-2027年净利润预期,认为1.6T产品将成为未来两年核心增长引擎。

近期,中际旭创(SZ300308)在投资者互动平台上就2026年的订单指引及收入数据做出了回应,引发了市场的广泛讨论。 本文将详细解析这一事件的背景、关键信息及其可能的市场影响。 硅光技术优势和1.6T产品的先发优势,加上全球AI算力投资的强劲势头,让中际旭创站上了风口。 2025年1万亿市值的目标对应约1250元/股(按8亿总股本估算),较当前股价有约125%上涨空间;2026年2.5万亿市值目标对应约3125元/股,较当前股价有约460%上涨空间。 预测数据根据各机构发布的研究报告摘录所得,与本终端立场无关。 2026 年1.6T 产品需求总体上会比2025 有较大提升,除了AI 大客户的配套需求上升外,还有CSP 客户的以太网技术升级,也会有1.6T 的配套部署,开启以太网1.6T时代。 公司作为1.6T 光模块产品领先的供应商,届时将深度受益。

光模块 - 第三季度展望:聚焦 2026 年以后的增长前景;买入中际旭创、新易盛-Optical Transceiver_ 3Q Preview; Focus on growth outlook beyond 2026; Buy Innolight_Eoptolink 在过去几年,受益于 AI产业蓬勃发展,数据中心对算力基础设施需求猛增,中际旭创作为光模块龙头企业,销售业绩一路高歌猛进,股价从20元左右涨到185元,前期股价的大幅攀升,在一定程度上已经透支了未来几年业绩增长预期。 总股本11.11亿,考虑到27年和28年光模块的年复合增长率高,26年暂时按保守的50倍市盈率算,144X50=7200亿市值,7200/11.11=648,因此将 中际旭创 目标价保守设定为648元。 这里26年用50倍市盈率,是因为27年还有可能冲破250亿净利润,50算保守了。 中际旭创 (300308)股吧,股民朋友可以在这里畅所欲言,分析讨论股票名的最新动态。东方财富股吧,专业的股票论坛社区。

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公司业绩预告高于市场预期,判断主要由于高速光模块放量节奏超预期、公司盈利能力改善超预期所致。 考虑到公司盈利能力有望持续改善、海外AI硬件需求韧性的超预期表现,上修2025/26年盈利预测22%/38%至95.65/124.59亿元,当前股价对应2025/26 年20.3/15.6倍P/E。

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