SMM, April 22: Sectorada tamarta cusub ee adduunka iyo AI ayaa weli ah kuwo aad u barwaaqo ah, halka caadiga ah, elektaroonigga macaamiisha ayaa galay xilli ciyaareed qorrax leh, iyagoo wadajir ah kor u qaadaya soo kabashada baahida loogu qabo aluminium foillka naxaasta iyo alaabada isku xidhka degdegga ah. Bishii Maarso ee 2026, dhoofinta aluminium foillka naxaasta ee Shiinaha ayaa gaadhay heerkii ugu sarreeyay ee bishii kaliya. Sectorada korontada iyo ESS ayaa sii waday inay horumar sameeyaan iyagoo helaya amarrada joogtada ah; amarrada la xiriira AI ayaa ahaa kuwo xooggan, taasoo horseedaysa baahida wanaagsan ee aluminium foillka noocyadiisa oo dhan. Sidaas darteed, heerarka wax-soo-saarka shirkadaha aluminium foillka ayaa kor u kacay sanadba sanadka ka dambeeya (YoY) iyo bishii hore (MoM) bishii Maarso. Iyadoo la taageerayo arrimahan saldhigga ah, baahida loo qabo xiriirada isku xidhka degdega ah ee naxaasta—lagama maarmaanka u ah kaabayaasha kombiyuutarka AI—ayaa la kordhiyay, halka dareenka maalgashadayaasha uu kor u kacay, taasoo keentay in saamiyada la xiriira ay sare u kacaan 2. 29% April 22. Si gaar ah, Far East Holdings ayaa gaaray xadka maalintii, waxaana hoggaamiyay faa’iidadooda Hengtong Optic-Electric, ZTT, Shenlan Technology, Changxin Bochuang, Zhaolonginterconnect, iyo Kingsinno. Waraaqaha Muhiimka ah: - Golaha Dowladda ayaa soo saaray hagidyo horseedaya qaabaynta awoodda kombiyuutarka iyo horumarinta edge computing, si loo horumariyo adeegyada cloud-ka kombiyuutarka caqliga leh, loo xoojiyo hal-abuurnimada shabakadda warshadaha, loo dhiirrigeliyo shuraakada xogta wada shaqeynta, iyo in la dardar galiyo madalaha macluumaadka magaalooyinka iyo qaabdhismeedka macluumaadka dhismayaasha. - Zhang Yunming, Wasiir-ku-xigeenka Warshadaha iyo Tiknoolajiyada Macluinta, ayaa ku dhawaaqay in baaxadda awoodda kombiyuutarka caqliga leh ee Shiinaha ay gaaraysay 1882 EFLOPS dhammaadka Maarso 2026. Dadaalada ayaa sii socda si loo taageero kaabayaasha awoodda kombiyuutarka, oo ay ku jiraan awood siinta SME-yada, isku xidhka awoodda iyo korantada, horumarinta siyaasadaha iyo heerarka, iyo horumarinta shabakadaha gudbinta iyadoo lagu shaqeynayo in ka badan 70 waddooyinka awoodda kombiyuutarka iyo dadaallo ku saabsan xilliga millisekandiyada. - Xarunta Hal-abuurka Warshadaha Kombiyuutarka Hormuudka ah ee Qaranka ee Qingdao ayaa lagu furay District-ka Laoshan, Qingdao. Tan iyo 2018, waxay ahayd madal hal-abuurka warshadaha heer qaran ah, waxaana uu ujeedkiisu yahay in lagu horseedo horumarrada tiknoolajiyadda kombiyuutarka horumarsan iyo in la abuuro kooxo warshadeed oo tropi ah oo caalami ah. Xarunta cusub, oo uu wada dhisay Sugon, ayaa isku dari doonta cilmi-baaris iyo horumarin, ganacsi, iyo dardar-gelin warshadeed si kor loogu qaado casriyeynta warshadaha caqliga leh ee gobolka Qingdao iyo Shandong. - Yuandong Holdings ayaa soo warisay faa'iidada saafiga ah ee Q1 2026 oo ah RMB 96. 63 milyan, oo kor u dhaaftay 110. 36% sannad ilaa sannad, halka guud ahaan dakhliga hawlgalka uu kor u kacay 9. 26% sannad ilaa sannad ilaa RMB 5. 325 bilyan. - Rickda ayaa ku dhawaaqday keenista xaddi yar oo ah alaabada 400G/800G ah oo ay si tartiib ah u keentay, waxaana si firfircoon loo kordhinayaa awooda wax-soo-saarka. Iyadoo ah alaab-qeybiye fidsan oo ku takhasusay xiriirrada iftiinka, korantada, microwaves, xogta degdegga ah, iyo xiriirka dareeraha, waxay bixisaa alaabada la xiriirta AI sida awood siinta, gudbinta degdega ah, iyo qaboojinta dareeraha. Alaabada xiriirrada copper-ka degdega ah ee ay hogaaminayaan Suzhou Richuang Connection Technology waxaa ka mid ah AEC, DAC, ACC, isku xirka gudbinta sare ee guddiyada ilaa guddiyada, iyo I/O, iyadoo alaabada nooca sare leh ay sida qorshaysan u socoto. - Tongguan Aluminium Foillka naxaasta ayaa iftiimiyay isticmaalka aluminium foillka naxaasta ee PCB-ka ee heerka sare ee 5G, server-yada awooda sare leh, xarumaha xogta, switches, iyo xiriirrada shabakadda. - Xinhongye ayaa wadaan cilmi-baaris gaar ah oo ku saabsan xiriirrada copper-ka ee xawaaraha sare leh ee kombiyuutarka caqliga leh, si ay ula socdaan isbeddellada warshadaha oo ay ugu baaraan adeegsiga fiber optic-ka ee la jaan qaadaya horumarka tiknoolajiyadda iyo qorshaha istiraatiijiyadeed, iyadoo ka faa’iideysanaysa horumarka isku midka ah ee fiber optic iyo copper ee AI. Suunta Istaraatiijiyadda Suuqa Foillka Naxaasta iyo Xidhiidhada: Bishii Maarso 2026, heerarka wax-soo-saarka shirkadaha aluminium foillka naxaasta ee Shiinaha ayaa kordhay sannadba sannadka ka dambeeya iyo bishii hore, gaaraya ku dhawaad 90%, taasoo taageeraysa baahida hoose ee soo kabashada iyadoo laga soo raynayo Ciidda Cas ee Shiine. Soo saarista iyo iibinta aluminium foillka naxaasta ee batariyada Lithium iyo circuits elektaroonigga ah ayaa sidoo kale kor u kacay, waxaana sabab u ah kororka amarrada ee lagu arkayo sektorada tamarta cusub iyo ESS, xilliga ugu sareeya ee electronics macaamiisha, iyo amarrada xooggan ee la xiriira AI oo dhammaan ahnooyinka aluminium foillka. Sida laga soo xigtay xogta kastamka, dhoofinta aluminium foillka naxaasta ee Shiinaha bishii Maarso 2026 waxay gaadhay 8, 220. 04 oo tan ah (+11. 88% sannad ilaa sannad, +27. 59% bishii hore), halka dhoofiyayaashuna ay gaadheen 6, 663. 48 oo tan (+56. 19% sannad ilaa sannad, +38. 23% bishii hore), iyadoo dhoofintu noqonaysa taariikhda ugu sareysa bil kasta. Tani waxay muujineysaa weli barwaaqada warshadaha tamarta cusub iyo AI ee caalamka, iyo sidoo kale baahida xilliga qoyska ee electronics-ka. Fahamka Warshadaha: - Huaxi Securities ayaa tilmaamay in halista siyaasadeed ee caalamiga ah ay saameyn ku leeyihiin suuqyada xilligan, laakiin AI ayaa ah mowduuca ugu muhiimsan ee maalgashiga xilligan dhow, iyadoo la xoogga saarayo awoodda kombiyuutarka gudaha iyo kirada, iyo sidoo kale qaybaha modules-ka iftiinka iyo fiilada fiber-ka oo leh muuqaal faaiido leh oo xagga dakhliga ah.

Kharashyada adeegyada AI oo sii kordhaya ayaa laga yaabaa inay horseedaan is-dhexgalka qaybaha hoose iyo kororka waxqabadka. - Changjiang Securities ayaa iftiimiyay in khilaafka siyaasadeed ee dardar-geliyay hagaajinta silsiladda sahayda caalamiga ah, taas oo sare u qaadaysa xaaladda Shiinaha sida xarunta wax-soo-saarka muhiimka ah. Waxay ku talinayaan in fiiro gaar ah loo yeesho kaabayaasha AI (awoodda kombiyuutarka, kaydinta, qalabka korontada), warshadaha kacaanka tamarta (batariyada Lithium, hydrogen, alaabada), iyo qaybaha hoos u dhacay ee wareega (cilmi-baarista kiimikada, birta, khalka). The CSI A500 Index ayaa bixiya fursado isku dhafan oo ka faa'ideysta aaggaas. - Huatai Securities ayaa saadaaliyay inay jirto dalab xooggan oo ka imanaya alaabada muhiimka ah ee waaweyn ee modules-ka iftiinka, iyadoo suuqyada 800G/1. 6T si tartiib ah u kacaya, xilligan la gaadhay 3. 2T, iyadoo diiradda lagu saarayo substrates InP (alaabaha asaasiga ah ee aan ku filneyn ee modules-ka iftiinka) iyo modulators-ka lithium niobate-ka ah ee dhumucda khafiifsan oo isticmaala tamar yar, kaas oo filayaa inay si weyn ugu biiraan xalalka 3. 2T ee la isku xirxiro. - Shanxi Securities ayaa warisay inay NVIDIA maalgelisay 2 bilyan oo dollar si ay u ballaariso ecosystem-ka NVLINKFusion, iyagoo isku-dhafkaaya XPUs custom ah iyo shabakad ballaarin la jaan qaadeysa oo leh CPU-yada, NIC-yada, DPU-yada, iyo switches-ka NVIDIA. Marvell, oo ah adeeg bixiyaha ugu weyn ee ASIC-yada gaar ah iyo alaab-qeybiye DSP/EIC oo ku takhasusay modules-ka iftiinka, ayaa horumar ka sameynaya adeegga CPO. Xalka buuxa ee copper-ka ee NVIDIA oo la soo bandhigay GTC 2026 ayaa meel mari doona CPO inay noqoto wax muhiim ah oo ku saabsan tignoolajiyada Scaleup ee jiilka Feynman, iyadoo Marvell ay rajaynayso inay sii kordhiso suuqyada xiriirka copper-ka. - Soochow Securities ayaa dib u eegaysa Fujida, oo ah shirkad Chinese ah oo hormuud u ah connectors RF oo ay taageerto AVIC Optronics, taas oo si ballaaran uga gudubtay RF connectors caadi ah una gudbay xiriiriyeyaasha RF ee qiimaha sare leh (oo ay ku jiraan hawada sare), ceramics-ka horumarsan, iyo isku xirnaanta RF. Sannadkii 2025, Fujida ayaa gaadhay dakhliga RMB 881 milyan (+15. 5% YoY) iyo faa’iidada saafiga ah ee RMB 78 milyan (+52. 0% YoY). Waddooyinka muhiimka ah waxay ka koobanyihiin warfaahinta difaaca, dayax gacmeedyada hawada dadweynaha, qalabka Semi-conductor-yada, qalabka cabbiraadda elektarooniga ah, iyo xiriirrada copper degdeg ah/quantum, taas oo taageeraysa balaadhinta xarumaha xogta iyo tiknoolajiyadda quantum iyadoo alaabada ay gaareyso hoggaaminta caalamiga ah iyo bixinta ganacsi ee bilawga ah. Gunaanad: Bishii Maarso 2026, suuqa aluminium foillka naxaasta ee Shiinaha ayaa soo sheegay dib u soo kabasho xooggan iyo dhoofinta taariikhiga ah, taas oo ay sabab u tahay horumarka AI iyo warshadaha tamarta cusub iyo baahida xilliga qoyska ee electronics-ka. Xidhiidhada copper-ka ee alaarmiga sare ayaa sii xoogaysanaya maadaama kaabayaasha AI ay sii ballaarayaan. Waxaa sii kordhaya awooda wax-soo-saarka shirkadaha muhiimka ah iyo horumarinta alaabada casriga ah iyo teknolojiyadda xiriirrada. Taageerada siyaasadeed ee Golaha Dowladda iyo maalgashiyada kaabayaal ayaa hoos u dhigaya koritaanka awoodda kombiyuutarka iyo edge computing, iyagoo kor u qaadaya xarumaha hal-abuurka qaran. Maalgashiyo istiraatiiji ah iyo iskaashiyo sida NVIDIA-Marvell, iyo horumarada ku saabsan alaabada iyo qeybaha ugu muhiimsan waxay muujinayaan awood xooggan oo koritaan ah oo ku socda warshadaha kombiyuutarka iyo kuwa iftiinka. Inkastoo ay jiraan qaar ka mid ah walaacyo siyaasadeed oo caalami ah, AI iyo beddelka tamarta ayaa weli ah mowduucyada ugu muhiimsan ee maalgashiga, iyadoo is-daba-joogga supply-demand uu dhiirrigelinayo isku-dhafka warshadaha iyo horumarinta wax-soo-saarka.