Global orders for optical fiber are surging—how have Chinese companies captured more than half of global shipments?

① As the 'vascular system' of AI data centers, the optical fiber and cable industry is entering a once-in-a-decade upcycle. ② Driven by national strategies such as 'East Data West Compute' and 'computing-power and electricity coordination,' computing infrastructure is now in a phase of systematic construction.

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Four securities firms appear on Changxin's shareholder list, with hundreds of billions in unrealized gains reshuffling rankings—equivalent to creating one and a half 'China Merchants Securities'.

① According to Changxin Technology's prospectus, four securities firms—China Merchants Securities, Huaan Securities, CITIC Securities, and CICC—hold indirect stakes in the company. ② Based on Changxin Technology’s estimated valuation of RMB 3 trillion, China Merchants Securities stands to realize an unrealized gain of nearly RMB 20 billion, while Huaan Securities exceeds RMB 10 billion, significantly boosting both firms’ net profits. ③ The earnings contribution from this equity investment is expected to propel China Merchants Securities into the top three among securities firms by profitability and help Huaan Securities break into the industry’s top ten.

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Morning Brief by Xiao K | CXMT to Attend Listing Review Meeting on May 27; NVIDIA Expects to Ship Vera Rubin in the Second Half

① Samsung Electronics' labor union has postponed its strike; ② China Mobile has launched its Ciyuan data plan nationwide, with the lowest-priced option being a 5 RMB monthly package; ③ BOE Technology Group Co., Ltd. (BOE A) and Corning Incorporated have signed a memorandum of understanding, focusing their collaboration on glass-based packaging substrates, optical interconnect applications, and related fields.

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Plans to purchase high-performance computing servers with an investment not exceeding RMB 833 million! A listed company valued at RMB 14 billion in the AI applications sector | After-Hours Announcement Highlights

Dafang Nano: Plans to invest a total of RMB 8.7 billion in a lithium battery new materials and phosphorus-based new energy materials project.

cls.cnMay 20 20:42

Morning Brief by Xiao K | Yangtze Memory Technologies has commenced IPO counseling; Google launches the Gemini 3.5 series models

① China Computing Power Platform (Beijing) officially launched; ② Leju Intelligence's IPO application has been accepted; ③ Shanghai Silicon Industry Group: the second-largest shareholder, National Integrated Circuit Industry Investment Fund, reduced its stake to 13.89%; ④ Hangzhou Kolin plans to acquire a 41.57% equity interest in its affiliate Kepler, thereby obtaining control.

cls.cnMay 20 08:37

The Token factory has been established in Wuxi, relying on Huawei's Ascend 384 cluster, marking the advent of the 'intelligent unit billing' era for computing power.

① The first batch of Wuxi Token Factory will deploy four Huawei Ascend 384 super-node servers; ② Unicorn companies have emerged in the Token Factory sector; ③ Institutions claim that domestic Token Factories will enter a period of rapid development, with companies possessing certain computing power resources, reasoning optimization capabilities, and cloud service capacities actively planning and implementing initiatives.

cls.cnMay 18 07:07