China Securities Co., Ltd.'s research report indicates that in recent times, domestic offshore wind power project owners have actively solicited bids, and it is expected that Jiangsu offshore wind power projects will restart soon. We predict that by the end of 2025, China's offshore wind power installed capacity is expected to exceed 60GW. Currently, the offshore cable company has sufficient order backlog and is expected to enter the delivery peak season from Q3 2023. In addition, overseas submarine cable demand has surged, with Europe having always had grand plans for offshore wind power, which have recently accelerated. The insufficient capacity of overseas companies is a bullish trend for domestic cable manufacturers that have the ability to export. AI infrastructure construction is in full swing, and network hardware demand remains strong, with Capex expected to further increase. Next year's 800G demand will continue to exceed market expectations, and top optical module companies are expected to fully benefit. As NVIDIA's Blackwell GPU production capacity gradually increases, the demand for supporting 1.6T optical modules and other network hardware is expected to quickly rise. We strongly recommend overseas numerical transmission optical module industry chain, and also focus on the optical module and switch fields in the domestic computing power industrial chain.