{
  "version": "2.1",
  "research_date": "2026-08-18",
  "page_scope": "single_mainline_industry_map",
  "mainline": "下一代技术",
  "source_route": "/a-share-t1-focus/",
  "counts": {
    "segments": 11,
    "core": 15,
    "unique_names": 26
  },
  "core_stocks": [
    "中际旭创",
    "新易盛",
    "天孚通信",
    "仕佳光子",
    "中石科技",
    "天通股份",
    "光迅科技",
    "联特科技",
    "瑞可达",
    "杰普特",
    "华丰科技",
    "光库科技",
    "罗博特科",
    "联讯仪器",
    "太辰光"
  ],
  "industry_map": [
    {
      "mainline": "下一代技术",
      "segment": "800G/1.6T光模块",
      "logic": "800G放量并向1.6T迁移",
      "stocks": "中际旭创、新易盛、光迅科技、联特科技",
      "evidence": "公告＋Obsidian"
    },
    {
      "mainline": "下一代技术",
      "segment": "NPO/CPO-CW外置光源与光芯片",
      "logic": "外置激光光源与高功率CW DFB支撑硅光引擎和高通道互连",
      "stocks": "仕佳光子；观察：源杰科技、长光华芯",
      "evidence": "仕佳产品已披露；源杰、长光客户与收入纯度继续核验"
    },
    {
      "mainline": "下一代技术",
      "segment": "NPO/CPO-FAU/MT-FA/保偏阵列",
      "logic": "通道密度提升使FAU、MT-FA和保偏光纤阵列成为精密耦合核心部件",
      "stocks": "天孚通信、仕佳光子、光库科技、杰普特；观察：长盈通",
      "evidence": "产品披露；长盈通送样验证且相关收入不足1%"
    },
    {
      "mainline": "下一代技术",
      "segment": "NPO/CPO-Shuffle/MPO高密度连接",
      "logic": "光纤路由重排和多芯连接随端口通道数增长而提高价值量",
      "stocks": "太辰光",
      "evidence": "MPO规模产销、光柔性板批量出货；CPO方案联合开发"
    },
    {
      "mainline": "下一代技术",
      "segment": "NPO/CPO-PIC晶圆切割加工",
      "logic": "硅光晶圆从制造进入封装前需要高精度隐形切割、减薄和分选",
      "stocks": "验证：九州一轨",
      "evidence": "全资子公司晶禧已有小规模收入；6.3亿元扩产处前期筹备，非设备销售"
    },
    {
      "mainline": "下一代技术",
      "segment": "NPO/CPO-耦合与封装设备",
      "logic": "硅光/CPO量产对贴装、耦合精度、良率和自动化提出更高要求",
      "stocks": "罗博特科；验证：博众精工、凯格精机",
      "evidence": "罗博特科已有CPO设备验证及批量订单；其余以光模块设备交付为主"
    },
    {
      "mainline": "下一代技术",
      "segment": "NPO/CPO-光芯片与硅光测试",
      "logic": "晶圆、KGD、光芯片及光模块测试决定量产良率与交付效率",
      "stocks": "联讯仪器；观察：东田微",
      "evidence": "联讯覆盖光模块至硅光晶圆测试；东田微CPO仍为研发储备"
    },
    {
      "mainline": "下一代技术",
      "segment": "高速连接器",
      "logic": "AI服务器、交换机与液冷系统提升高速铜互连、背板及高速线模组需求",
      "stocks": "华丰科技、瑞可达；观察：航天电器",
      "evidence": "公司年报；瑞可达不以未核验FAU份额作为依据"
    },
    {
      "mainline": "下一代技术",
      "segment": "薄膜铌酸锂",
      "logic": "高速调制器潜在路线，商业兑现仍需跟踪",
      "stocks": "天通股份",
      "evidence": "收入待证"
    },
    {
      "mainline": "下一代技术",
      "segment": "散热/液冷",
      "logic": "芯片与机柜功率密度提升",
      "stocks": "中石科技；观察：英维克、富信科技",
      "evidence": "公告＋局部Obsidian"
    },
    {
      "mainline": "下一代技术",
      "segment": "磷化铟衬底",
      "logic": "高速光器件上游材料，A股映射处小体量验证",
      "stocks": "兴业科技",
      "evidence": "已签收购协议，AI客户映射待证"
    }
  ],
  "evidence_policy": "exchange_or_company_primary_first; obsidian_for_leads_and_cross_check",
  "primary_sources": [
    "https://static.cninfo.com.cn/finalpage/2025-03-18/1222821549.PDF",
    "https://static.cninfo.com.cn/finalpage/2026-04-16/1225107720.PDF",
    "https://static.cninfo.com.cn/finalpage/2026-03-24/1225026470.PDF",
    "https://www.sse.com.cn/disclosure/announcement/listing/ipo/c/c_20260724_10826610.shtml",
    "https://www.cxmt.com/?lang=zh-hans",
    "https://static.cninfo.com.cn/finalpage/2026-03-31/1225061352.PDF",
    "https://static.cninfo.com.cn/finalpage/2026-03-28/1225045085.PDF",
    "https://big5.sse.com.cn/site/cht/www.sse.com.cn/disclosure/listedinfo/announcement/c/new/2026-04-23/688110_20260423_7YZ1.pdf",
    "https://static.cninfo.com.cn/finalpage/2026-03-20/1225020225.PDF",
    "https://static.cninfo.com.cn/finalpage/2025-03-21/1222976786.pdf",
    "https://dataclouds.cninfo.com.cn/shgonggao/hsomarket/2026/20260414/d07822e827b34e85980072a1bd145cd0.PDF",
    "https://static.cninfo.com.cn/finalpage/2026-03-31/1225054265.PDF",
    "https://static.cninfo.com.cn/finalpage/2026-04-10/1225090821.PDF",
    "https://static.cninfo.com.cn/finalpage/2026-04-10/1225090784.PDF",
    "https://big5.sse.com.cn/site/cht/www.sse.com.cn/disclosure/listedinfo/announcement/c/new/2026-04-18/603881_20260418_YP0B.pdf",
    "https://big5.sse.com.cn/site/cht/www.sse.com.cn/disclosure/listedinfo/announcement/c/new/2026-04-22/600589_20260422_NSGK.pdf",
    "https://static.cninfo.com.cn/finalpage/2026-04-27/1225195098.PDF",
    "https://static.cninfo.com.cn/finalpage/2026-04-01/1225070311.PDF",
    "https://static.cninfo.com.cn/finalpage/2026-03-31/1225059372.PDF",
    "https://dataclouds.cninfo.com.cn/sjother/documents/2025/20250815/4a95ab6a274e40dba7eb32087fe2408b.pdf",
    "https://static.cninfo.com.cn/finalpage/2025-08-15/1224487631.PDF",
    "https://static.cninfo.com.cn/finalpage/2026-04-18/1225123248.PDF",
    "https://paper.cnstock.com/html/2026-06/11/content_2230143.htm",
    "https://vip.stock.finance.sina.com.cn/corp/view/vCB_AllBulletinDetail.php?id=12466080",
    "https://www.bozhon.com/upload/file/2025%E5%B9%B4%E5%8D%8A%E5%B9%B4%E5%BA%A6%E6%8A%A5%E5%91%8A.pdf",
    "https://pdf.dfcfw.com/pdf/H2_AN202605071822035651_1.pdf",
    "https://dataclouds.cninfo.com.cn/shgonggao/hsomarket/2026/20260327/e67ce100b4dd41fca62312c3acbbcd4a.PDF",
    "https://dataclouds.cninfo.com.cn/shgonggao/hsomarket/2026/20260622/715837fc824c4640a84f03e438670ad0.PDF"
  ],
  "obsidian_sources": [
    "文字直播/大盘与科技-2026-08-13.md",
    "文字直播/大盘与科技_20260816.md",
    "情报社/半导体/00 行业综述.md",
    "情报社/半导体/兆易创新.md",
    "情报社/半导体/北京君正.md",
    "情报社/光通信/00 行业综述.md"
  ]
}