De Ke Li to invest 1.2B yuan in AI compute and data center optical connectivity project

The capex breakdown is the real signal here: roughly 70% of the outlay goes to equipment, not land or buildings, which points to a bet on process capability rather than sheer footprint — the harder part of optical connectivity to scale. The product mix also matters, since DCI, coherent modules and OCS sit closer to the AI data center buildout than commodity optics, where Chinese suppliers have long competed on price. Shareholder approval remains the gate, and whether the equipment spend translates into qualified output is the open question worth watching.