中際旭創股票討論區

Investors' confidence in Zhongji Innolight's future earnings and expected strong growth has led to its high P/E ratio.

The declining ROCE trend at Zhongji Innolight is concerning. Despite a 259% gain for shareholders in the past five years, the chance of further significant gains seems low if current trends persist.

Investors are paying a high P/E for Zhongji Innolight due to strong future growth outshining the broader market. The low risk of reduced earnings provides a solid base for this high P/E. The company's share price will remain robustly supported as long as these conditions persist.

Core points:
1. The business model of computing power realization is similar to water and electricity. Operators collect money for computing power connections and edge clouds at the same time. The computing power network is a light asset for operators because the peak period of 5G construction ended last year, and the computing power network accounts for about 20% of the entire capital expenditure.
2. With the development of ChatGPT, ther...