CITIC Securities: The optical module equipment industry is experiencing a high peak with downstream capital expenditures, efficiency improvement, and localization trends.

The research report of CITIC Securities stated that the demand for optical communication is experiencing non-linear growth, and the market space for optical module equipment is exploding. In the manufacturing process of optical modules, the precision requirements of the chip bonding process are increasing, and the value of equipment is increasing. The barrier for coupling equipment is relatively high, and the importance of passive coupling is further strengthened. In the testing process, there is an urgent need for domestication of optical sampling oscilloscopes, and the customization requirements of AOI inspection equipment are high. It is optimistic about the high exposure of optical module equipment, actively conducting mergers and acquisitions to complement weaknesses, and having a solid core business.