Earnings Upside Accelerates Amid Booming Memory Super Cycle

As a leading domestic insurance conglomerate, People’s Insurance Company (Group) of China has steadily advanced its technology-driven transformation strategy in recent years, accelerating the localization iteration of core business systems and data center upgrades to fully enable enterprise digital and intelligent upgrading. The company’s latest tender places stringent requirements on AI computing infrastructure, covering computing density, operational stability, energy efficiency, and localized compatibility.

Changjiang Computing, a subsidiary of FiberHome, secured the bid with its G940KV2 supernode server. Featuring high-density computing power, low-latency interconnection, and high-reliability redundant design, the product fully meets the core deployment requirements of PICC’s computing resource pool, effectively supporting core business scenarios including large AI model training, intelligent risk control, and precision marketing.

According to FiberHome’s annual report, the company capitalized on digital and intelligent transformation opportunities driven by the AI boom in 2025, achieving steady growth in computing and information technology businesses and consolidating its leading market share in specialized computing sectors. Its server products maintained leading penetration among telecom and financial clients and achieved large-scale breakthroughs among major internet customers.

To accommodate diversified industrial AI demands, FiberHome launched the DeepSeek all-in-one AI appliance, supporting a full spectrum of large model parameters ranging from 1.5B to 670B. The company’s self-developed full-liquid-cooled rack-scale supercomputing product delivers single-node double-precision computing performance of up to 120 TFLOPS.

Self-Owned Core Technologies for Optical Preform and Fiber Manufacturing

The AI revolution is reshaping the global optical fiber and cable industry with unprecedented depth and breadth, pushing continuous technological innovation driven by extreme bandwidth and ultra-low latency requirements. Demand for optical communication products across short-haul, medium-haul and long-haul scenarios has grown rapidly. Per CRU forecasts, global optical fiber and cable demand will register a 5.7% CAGR from 2025 to 2030, exceeding 700 million core-kilometers by 2030. Data center-related demand is projected to surpass 140 million core-kilometers, representing a 16% CAGR, while intelligent computing-related demand will grow at a CAGR exceeding 30%.

FiberHome masters independent core technologies for optical preform and fiber fabrication, with multiple cutting-edge technologies ranking globally leading. Its self-developed specialty optical fibers underpin multiple national strategic industries. In 2025, the company achieved a record-low attenuation of 0.063 dB/km with low-loss hollow-core optical fibers and made critical breakthroughs in self-developed long-distance transoceanic communication technologies, marking substantial progress in next-generation optical communication innovation.

Iterative Optical Interconnect Solutions Empower Large-Scale Intelligent Computing Clusters

Tailored for intra-cluster Scale-Up and Scale-Out interconnection scenarios, FiberHome launched the fully self-developed and localized Fengengine 51.2T NPO switch. Equipped with domestically designed optical engine chips, the product achieves full independent controllability in core hardware and supply chain, establishing a secure foundation for next-generation computing infrastructure.

The switch supports flexible port configurations of 128×400G or 64×800G, with total power consumption capped at 2,800W and forwarding latency lower than 700 nanoseconds, delivering ultra-high speed, low power consumption and ultra-low latency advantages. Paired with an intelligent management system that enables automated deployment and visualized monitoring, the product builds a high-speed, stable and fully localized all-optical interconnection foundation for high-density intelligent computing clusters.

For cross-cluster Scale-Across interconnection scenarios, FiberHome unveiled the new-generation data center interconnection product Fengengine C2. Leveraging self-developed optoelectronic chips and high-end optical components, the solution delivers industry-leading 800G ultra-high-speed DCI capabilities with mature commercial adoption.

Featuring a 19-inch, 500mm-depth compact design compatible with mainstream cabinet specifications, the product supports 3.2T/U port density and 500km transmission distance, with upgradability for future 6.4T/U specifications. Adopting C+L multi-spectrum technology, it doubles overall transmission capacity. Its multi-routing networking, multi-channel optical protection and dual-main-control architecture, integrated with self-developed intelligent controllers and embedded OS platforms, ensures outstanding flexibility, openness and reliability, with large-scale commercial deployment in cross-domain computing interconnection scenarios.

FiberHome’s 400G ultra-high-speed optical transmission solution for power scenarios supports ultra-long-haul transmission of over 3,000km, effectively reducing network construction and operational costs and minimizing end-to-end service latency. The solution enables millisecond-level real-time synergy between green power resources in western China and computing resources in eastern regions.

Aligning with the low-carbon transformation of new power systems, the all-optical scheduling architecture enables on-demand service provisioning, reducing cabinet space occupation by 78%, improving operational efficiency by 80%, and cutting overall energy consumption by 69%. Complemented by self-developed ultra-low-loss hollow-core optical fibers that break traditional physical limits, the solution delivers ultra-low latency, minimal signal loss and strong lightning resistance, perfectly adapting to ultra-long-haul and high-electromagnetic-interference power grid scenarios.