A giant with a market value of 50 billion suddenly surges straight up

In the afternoon, FJTC's stock price surged straight up, currently up over 4%, trading at 113.58 yuan per share, with a total market value exceeding 53 billion yuan.

According to FJTC's 2025 annual report, the company's products are mainly divided into three categories: crystal components, precision optical components, and laser devices. Among them, the company focuses on optical communication, especially WSS modules and their supporting testing equipment, optical devices, and optical modules, providing a series of key precision optical components including various diffraction gratings, birefringent wafers, spherical mirrors, cylindrical mirrors, wave plates, reflectors, and Faraday rotators.

According to the company's latest disclosed investor relations activity record, in 2026, the company's overall business plan continues to adopt a "one-stop" laser solution that integrates crystals, optics, and devices. Based on the stable fundamentals of industrial nanosecond ultraviolet and fiber lasers, the company will focus on and develop ultrafast laser applications (including disc laser) and applications related to semiconductor manufacturing such as 266nm deep ultraviolet. The company will also carry out research and mass production of diffraction gratings needed for next-generation WSS, and continuously expand high-value-added complex optical components and crystal businesses for optical communication.

According to Northeast Securities' research report, Faraday rotators have become a critical bottleneck upstream of optical modules. The upstream SGGG substrates involve rare earth elements, and due to capacity allocation and export controls affecting the overseas supply chain, a clear gap has emerged between global high-end rotator supply and demand, creating an opportunity for domestic substitution. FJTC has the capability to cover the entire chain from SGGG substrates and Faraday rotators to isolators and circulators, and is expected to quickly capture a higher market share as downstream demand increases.

Previously, FJTC issued an announcement about abnormal fluctuations in stock trading, stating that the company's stock price had deviated by more than 20% in closing prices over three consecutive trading days (May 6, May 7, and May 8, 2026), which qualifies as an abnormal trading fluctuation. After confirmation by the company's board of directors, the company currently has no undisclosed matters or related planning, negotiations, intentions, or agreements that should be disclosed according to the Shenzhen Stock Exchange's "Stock Listing Rules" or other relevant regulations; the board also has not become aware of any information that should be disclosed but has not been disclosed, which could significantly impact the trading price of the company's stocks and derivatives. The information previously disclosed by the company does not require correction or supplementation.