Yuanjie Technology advances to thousand-yuan stock, with a 777.6% increase over the past year.

Securities Times reporter Liu Canbang

On March 20, CPO concept stock Yuanjie Technology (688498) saw its stock price surpass 1000 yuan/share, reaching a new historical high and becoming the 8th stock in A-share history to exceed the 1000 yuan mark. Yuanjie Technology’s stock price briefly hit the 20% daily limit up, reaching 1140 yuan/share. By the market close, the stock had risen 17.37%, ending at 1114.99 yuan/share.

Looking back a year, based on the closing price on March 20, 2025, Yuanjie Technology’s stock price has increased by 777.60% over the past year.

The reporter noted that in the history of A-shares, a total of 7 stocks have ever had or currently have a price above 1000 yuan (not adjusted for dividends), namely Zhongankex (formerly Feile Shares), Guizhou Moutai, Yunsai Zhilian (formerly Vacuum Electronics), Cambricon, Stone Technology, Hemai Shares, and Aimeike.

Yuanjie Technology’s performance report shows that in 2025, the company’s operating income was 601 million yuan, a year-on-year increase of 138.50%; the net profit attributable to the parent company was 191 million yuan.

Yuanjie Technology stated that the continuous development of artificial intelligence technology has been driving the growth in demand for optical chips. The company has improved the efficiency of resource investment and operational quality, leading to a significant increase in sales of CW light source products in the data center sector, while the gross profit margin of data center products is higher than that of the telecommunications market. These factors have driven the company’s revenue and profit growth. The telecommunications business segment has maintained stable operating conditions.

Yuanjie Technology explained that the revenue growth in 2025 was mainly due to the increase in revenue from data center business, which has raised its share of the company’s overall income. The overall product structure has been further optimized, and given the higher gross profit margin of data center products, the company’s net profit level increased year-on-year. Meanwhile, the company has indirectly participated in equity investments through private equity funds, mainly investing in high-tech industries such as next-generation information technology and intelligent manufacturing in mainland China that have development potential. As the valuations of the invested companies rose, this has contributed to investment income for the company. Additionally, the completion of government subsidy projects last year has also contributed to net profit.

The reporter noted that in February this year, Yuanjie Technology announced plans to invest in the construction of the second phase of its optoelectronic communication semiconductor chip and device R&D production base, with a total project investment of approximately 1.251 billion yuan. The project focuses on the high-speed optical chip field, seizing development opportunities in the data center market, aligning with the demand for core optical communication components driven by the digital economy. Once completed, the project will help the company seize market growth opportunities and meet the continuously increasing product demand from customers in data center construction and other fields, enhancing order delivery stability and response speed.

Yuanjie Technology stated that this project relies on the company’s IDM process and controllable technology accumulation, as well as its existing customer base, aiming to continuously respond to market demand changes through capacity expansion and process optimization, thereby enhancing the company’s market share and overall competitiveness in the global optical chip field.

This year, Yuanjie Technology launched its plan for a Hong Kong listing. In early March, the company announced that to continuously promote its internationalization strategy and global layout, build an international capital operation platform, enhance overseas financing capabilities, and further improve the company’s capital strength and overall competitiveness, it intends to issue H-shares and list on the main board of the Hong Kong Stock Exchange.

On March 20, CPO and optical module concept stocks continued to rise. In addition to Yuanjie Technology, other stocks like Xinyi Sheng, Changguang Huaxin, Huilv Ecology, and Mingpu Optoelectronics also performed well during the trading session.

(责任编辑：王治强 HF013)

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