[CITIC Securities: Since 2026, the leading domestic analog company's optical module-related business has rapidly increased its business volume, driving rapid growth in performance] On August 31, CITIC Securities pointed out that driven by the strong demand for AI computing power, optical module terminals continued to increase their volume and speed upgrades, driving the rapid growth of related analog chip material numbers. Overseas leading manufacturers have positive guidance. It is estimated that the global demand for optical module analog chips will exceed 10 billion yuan in 2026. The current global pattern is dominated by overseas leaders, and domestic substitution is accelerating. Since 2026, the optical module-related business of the leading domestic analog company has experienced rapid growth, which in turn has driven rapid growth in performance.