Electronic Equipment · 9.3

Network Equipment

Quantified news impact based on deduplicated, quality-reviewed events in a single 200-day window.

Average net impact+29weighted per event

Average gross impact33absolute weighted average

Events26same period

Confidence78%model average

Raw intensity58before weighting

Previous period0net impact

Gross changeInsufficient base

Diffusion speed0.1 / day

Concentration5%

Direction disagreement11%

Source independence94%21 sources

IMPACT TREND

200-day effective impact

Positive 22 · Negative 1 · Mixed 3

+290-29

15 Jan0 events

1 Feb0 events

18 Feb0 events

6 Mar0 events

23 Mar0 events

9 Apr0 events

25 Apr0 events

12 May0 events

29 May0 events

14 Jun0 events

1 Jul0 events

+29

18 Jul26 events

Current periodPrevious period

TIME HORIZON

Impact duration

Immediate0%0 cumulative effective impact

Short term38%326 cumulative effective impact

Medium term44%372 cumulative effective impact

Long term18%154 cumulative effective impact

CO-IMPACT

Related industries

EVENT EVIDENCE

Events ranked by effective impact

Page 1 of 3 · 26 events

Macro7

Macro29 Jul, 06:52positive

New Infrastructure Hits RMB2.98 Trillion in H1 2026; Intelligent Computing Up 177%, 5G Stations Top 5.05

China’s new infrastructure drive maintained steady momentum in the first half of 2026, with the core industry scale reaching RMB2.98 trillion. Intelligent computing power surged 177% to 2,185 EFLOPS, while 5G base stations topped 5.05 million and the 5G-A network covered 330 cities. Technology-oriented loans rose sharply, and credit tilted toward the sector. Listed new infrastructure companies’ combined net profit jumped over 59%, with computing and data infrastructure profits more than doubling. The government advanced low-orbit satellite constellation deployment, drone airspace mapping, and granted 6 GHz spectrum for 6G trials.

Effective: +63
Intensity: 82
Confidence: 90%
Horizon: Medium term

Macro30 Jul, 15:17positive

China’s ‘Six Networks’ Build-Out Gains Pace, Multi-Network Coordination Bolsters Investment to Expand Domestic

China’s National Development and Reform Commission detailed progress on the 'Six Networks'—water, electricity, computing, communications, urban underground pipelines and logistics—and announced heightened multi-network coordination to boost effective investment and expand domestic demand. In 2026, over RMB7 trillion will be invested in these networks and key areas. During the 15th Five-Year Plan period, investment in new-type power grids and underground pipelines is projected at around RMB5 trillion each, and computing network direct investment will add RMB4 trillion. In the first half, private capital into water network construction exceeded RMB10.8 billion, up 85.8% year-on-year.

Effective: +59
Intensity: 80
Confidence: 83%
Horizon: Medium term

Macro31 Jul, 12:01positive

NDRC to Accelerate AI Law Legislation, National AI Computing Power Surges 2.8-Fold

China's National Development and Reform Commission (NDRC) announced plans to accelerate the legislative process for an artificial intelligence law, aiming to establish a key institutional framework and provide a distinctive AI governance approach. As of the end of June 2026, the national AI computing power scale had reached 2.8 times that of the same period in 2025, with AI-related industries expanding by over 30%. The NDRC emphasized the need for risk monitoring and human-centered development. Additionally, estimates indicate that the computing network during the 15th Five-Year Plan period will attract RMB 4 trillion in direct investment.

Effective: +57
Intensity: 78
Confidence: 88%
Horizon: Medium term

Macro31 Jul, 10:32positive

15th Five-Year Plan Computing Power Network to See 4 Trillion Yuan in New Direct Investment, Huge Potential

NDRC spokesperson Jiang Yi said on July 31 that institutions estimate the 15th Five-Year Plan period will bring RMB 4 trillion in new direct investment for computing power network construction. As corporate investment dominates, this creates significant opportunities for private capital. The NDRC will enhance planning and factor guarantees to foster a favorable environment for private investment.

Effective: +53
Intensity: 80
Confidence: 80%
Horizon: Long term

Macro27 Jul, 09:38positive

Profits of China's Industrial Firms Up 18.7% in First Half 2026, Electronics Sector Surges 96.9%

China's industrial enterprises above designated size posted a 18.7% year-on-year profit growth in the first half of 2026, totaling 3.94799 trillion yuan. The pace accelerated 3.2 percentage points from the first quarter. The electronics sector led with a 96.9% surge, driven by AI and computing demand, contributing 8.5 percentage points to overall industrial profit growth. Revenue rose 6.5% and the profit margin improved to 5.70%.

Effective: +52
Intensity: 80
Confidence: 80%
Horizon: Short term

Macro27 Jul, 09:36positive

Industrial Firms' Profits Rise 18.7% in H1, Driven by Electronics and Nonferrous Metals

In the first half of the year, profits of China's above-scale industrial enterprises totaled RMB 3,947.99 billion, up 18.7% year on year, accelerating by 3.2 percentage points from the first quarter. Operating revenue grew 6.5%, and the operating profit margin reached 5.7%, the highest cumulative level since the start of 2024. The electronics sector posted a 96.9% profit surge, contributing 8.5 percentage points to overall growth, while the nonferrous metals sector rose 99.4%, contributing 4.7 percentage points. Mining and manufacturing profits also expanded, but utilities declined. The data reflect the rapid growth of new drivers such as AI-related computing demand.

Effective: +50
Intensity: 75
Confidence: 90%
Horizon: Medium term

Macro28 Jul, 08:23negative

US, UK, Germany, Japan and Over 20 Nations Launch 6G Global Partnership to Coordinate Policies and Set

The Trump administration on Monday joined more than 20 allied nations, including the UK, Germany, Japan, and Canada, in launching a global partnership to accelerate secure 6G wireless network development. The initiative establishes government liaison points, shares technical resources, and sets phased goals for one, three, six, and twelve months, with an in-person meeting planned next year. The partners aim to coordinate policies and standards before 6G networks begin replacing 5G in the 2030s.

Effective: -49
Intensity: 75
Confidence: 80%
Horizon: Long term

Industries0

No evidence on this page.

Companies3

Companies27 Jul, 19:09positive

Nvidia Launches 102.4T Spectrum-6 Switch Designed for Vera Rubin Platform

Nvidia has introduced the Spectrum-6 Ethernet switch, offering 102.4 terabits per second of bandwidth for gigawatt-scale AI factories. Designed for the Vera Rubin platform, the switch forms the core of the new Spectrum-X Ethernet platform. Early adopters include CoreWeave, Microsoft, Nebius, SpaceX AI and Tesla. Compared with traditional Ethernet, Spectrum-X delivers 1.6 times the AI network performance, maintains up to 95% efficiency at over 100,000 GPUs, and reduces the number of switches required by 40%. Silicon photonics boosts energy efficiency fivefold and mean time between failures tenfold.

Effective: +48
Intensity: 70
Confidence: 85%
Horizon: Short term

Companies27 Jul, 19:23positive

Zhongji Innolight Receives Exclusive 2.4T Light Coherent Module Order, Covers 40G-1.6T and Silicon Photonics

Zhongji Innolight has exclusively received a demand order for a 2.4T light coherent optical module. The company's product portfolio spans from 40G to 1.6T, with technology investments in silicon photonics, coherent modulation, and thin-film lithium niobate. Its client base includes major global cloud providers, internet platforms, and AI computing firms. The platform manufacturing system enables equipment reuse, and selective vertical integration supports expansion into NPO, CPO, and optical I/O solutions. As AI computing clusters scale, optical interconnects are replacing copper, positioning the company with client access, technology, and global delivery capabilities.

Effective: +48
Intensity: 80
Confidence: 90%
Horizon: Short term

Companies28 Jul, 23:47positive

Zhongji Innolight: Customer Orders Cover 2026, Demand Clear for 800G and 1.6T

Zhongji Innolight disclosed during a July 28 conference call that orders from nearly all customers now cover the full year 2026, with some extending to 2027 and delivery plans broken down monthly. The company noted strong demand visibility for 800G, 1.6T, 2.4T, and NPO products in 2027. Additionally, key clients have provided guidance for 2028 new products, with substantial amounts indicated. Management said downstream clients' capital expenditure remains sustainable, supporting further industry investment.

Effective: +46
Intensity: 80
Confidence: 85%
Horizon: Long term