[Market Movement Analysis] Centec Communications Soared on September 18: Ethernet Switch Chips + 800G Products + Private Placement for R&D

1. The US Federal Reserve's rate hike was implemented, international oil prices pulled back from recent highs, long-term US Treasury yields fell, tech stocks rebounded, and the Philadelphia Semiconductor Index surged 3.14% overnight.
2. NVIDIA CEO Jensen Huang stated on Thursday (local time) that the company expects its chip sales in 2027 to be about double those in 2026, boosting market confidence.


1. According to the semi-annual report dated August 27, 2026, the company's main business is Ethernet switch chips and supporting products, covering enterprise networks, operator networks, data center networks, and industrial networks, with support for up to 800G port speeds.
2. According to the board of directors resolution announcement on September 2, 2026, the company plans to issue shares to specific investors to raise funds for the next-generation high-performance switch chip, as well as R&D projects for next-generation networking software, hardware, and protocols.
3. As stated in the semi-annual assessment report of the plan to enhance quality, increase efficiency, and boost returns, released on August 27, 2026, the company achieved operating revenue of 671 million yuan in the first half of 2026, an increase of 32.04% year-on-year.

(Disclaimer: This content is summarized from publicly available information using AI technology and is for reference only. It does not constitute investment advice. Please refer to listed company announcements for official information.)