Surpassing "Cold King" and approaching Moutai! The optical communication market is nurturing another thousand-yuan stock

Ask AI · How is AI computing power demand catalyzing the surge in Yuanjie Technology’s stock price?

“Science and Technology Innovation Board Daily” March 20 The second stock to reach a thousand yuan in the history of the Science and Technology Innovation Board belongs to the optical communication sector.

Today, shares of Yuanjie Technology, a CPO concept stock, reached a historic high, becoming the second stock on the Science and Technology Innovation Board to exceed one thousand yuan after Cambrian, and also the eighth thousand-yuan stock in the history of A-shares. As of the time of writing, Yuanjie Technology’s stock price hit the 20% daily limit, reaching 1140 yuan, surpassing Cambrian and ranking as the second highest-priced stock in the A-share market, second only to Kweichow Moutai.

At this time last year (March 20, 2025), Yuanjie Technology was only ranked 65th in the A-share market, with a price far below high-priced stocks like Northern Huachuang and BYD. Based on the closing price on that day (127.05 yuan per share), Yuanjie Technology’s cumulative increase over the past year was nearly 800%.

According to data, Yuanjie Technology’s main business is the research, design, production, and sales of optical chips. The company has established a full-process IDM business system that includes chip design, wafer manufacturing, chip processing, and testing. Against the backdrop of rapidly growing AI computing power demand, the company has achieved significant growth in the AI data center market, especially in high-power CW laser chips required for silicon photonics solutions.

According to Yuanjie Technology’s 2025 annual performance forecast, it is expected that the company’s net profit attributable to the parent company will turn from loss to profit compared to the same period last year, with net profit attributable to the parent company estimated to be between 175 million and 205 million yuan.

Regarding the reasons for the performance changes, Yuanjie Technology stated, that in 2025, the company’s data center business achieved growth, increasing its proportion of the company’s overall revenue. The further optimization of the company’s overall product structure, combined with the high gross profit margins of data center products, has resulted in an increase in the company’s net profit level year-on-year.

It is worth mentioning that recently, the GTC and OFC conferences have once again boosted the popularity of the CPO concept. Dongfang Securities believes that Nvidia’s adoption of the Rubin+LPX deployment model is expected to indirectly improve the profitability of cloud vendors, accelerate the landing of low-latency AI inference applications, gradually activate the massive inference demand market, and further drive the demand for optical communication, as the CPO solutions gradually mature in scale-out scenarios.

Wanlian Securities stated that leading cloud computing manufacturers both domestically and internationally are continuously increasing capital expenditures, focusing on the construction of computing power infrastructure such as AIDC and AI servers. As a core link in the computing power industry chain, optical communication continues to benefit from the construction demand of the AI computing power industry, and LightCounting’s upward revision of the shipment forecast for 800G and 1.6T optical modules further confirms the high prosperity of the optical communication field.

(“Science and Technology Innovation Board Daily” Zhang Zhen)