Report published September 2, 2026
Goldman Sachs Research: HG Tech (000988) – 1.6T and NPO to Drive Growth Ahead
Source and citation context
- Issuer
- Goldman Sachs
- Report date
- September 2, 2026
- Analysis as of
- Not stated in source
Authors / editors: Allen Chang, Verena Jeng, Yifan Hu
Finvaulta summarizes Goldman Sachs's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
HG Tech management presented a positive outlook at the GS Asia Leaders Conference, noting that inventory stocking and supply chain adjustments will support 800G and 1.6T optical module shipments in 2H26. The company is expanding global capacity and developing next-generation NPO and SiPh technologies for AI data centers.
Key Takeaways
- 1.HG Tech management expressed a positive outlook on optical networking demand, supported by proactive raw material procurement to drive optical module shipment growth in 2H26.
- 2.To alleviate raw material bottlenecks (1.6T DSP chips, 800G LPO Drivers), HG Tech added local DSP suppliers, built up key inventory, and increased optical chip self-sufficiency.
- 3.HG Tech is expanding optical module capacity in China and overseas while collaborating with the AI ecosystem to develop next-gen technologies including NPO and SiPh devices.
Table of Contents
- Asia Leaders Conference 2026 Takeaways: HG Tech (000988.SZ, NC): 1.6T and NPO to drive growth ahead
- Asia Leaders Conference 2026
- Read across to Optical networking
- Company profile
- Key Takeaways
- Disclosure Appendix
Report data
Asia Leaders Conference 2026 Banner
| Metric | Estimate | Context |
|---|---|---|
| Optical networking revenue | 3.8 Rmb bn | HG Tech optical networking division revenue |
| Net income | 275 Rmb m | HG Tech net income and YoY growth rate |
| HG Tech share price / benchmark price in disclosure | 101.53 Rmb | Goldman Sachs beneficial ownership disclosure reference price |
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Asia Leaders Conference Takeaways is shown in chronological order through this edition, published on September 2, 2026.
Looking for the latest edition? Asia Leaders Conference 2026 Takeaways Beisen (9669 (Sep 8, 2026)
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