A-shares "Stock King" Yuanjie Technology's Vice President detained on suspicion of criminal offense

On the evening of May 14, Shaanxi Yuanjie Semiconductor Technology Co., Ltd. (Yuanjie Technology) announced that the company recently received notice from the family of Deputy General Manager Chen Wenjun that Chen Wenjun has been criminally detained by public security authorities on suspicion of criminal offense and is unable to perform his duties as the company’s deputy general manager normally. This incident does not affect the company’s normal business operations.

The announcement states that on May 14, 2026, Yuanjie Technology held the 30th meeting of the second session of the board of directors, at which it deliberated and approved the “Proposal on the Dismissal of Senior Management Personnel of the Company,” dismissing Chen Wenjun from his position as deputy general manager. After the dismissal, he will still hold other positions within the company. The dismissal takes effect from the date on which the board of directors approves it.

According to the introduction, during his tenure, Chen Wenjun mainly handled product sales and marketing-related work at Yuanjie Technology. His original term was scheduled to expire on January 23, 2027. As of the disclosure date of this announcement, Chen Wenjun holds 308,625 shares of Yuanjie Technology.

Yuanjie Technology’s 2025 annual report shows that Chen Wenjun is 45 years old. From March 2004 to April 2006, he served as a new product introduction engineer at Fiberxon, Inc.; from May 2006 to July 2015, he served as a senior product manager at RTIHK Limited; from August 2015 to June 2018, he served as the Asia-Pacific marketing and sales director at Mellanox Technologies, Ltd.; from July 2018 to April 2021, he served as the deputy general manager at Bochuang Technology Co., Ltd. From May 2021 to May 24, 2026, he served as deputy general manager of Yuanjie Technology, and his pre-tax remuneration in 2025 was 905.70 thousand yuan.

Yuanjie Technology was founded in 2013 and listed on the STAR Market in December 2022. It is a domestic optical-chip IDM (integrated device manufacturer) company. Its main business covers the entire industrial chain from chip design, epitaxial growth, wafer manufacturing to testing and packaging. The company’s core product is an indium phosphide-based laser chip, which is widely used in fields such as 5G communications, data centers, and CPO (co-packaged optics).

In recent times, Yuanjie Technology’s share price has maintained an upward trend. Since mid-April, the company’s stock price has repeatedly become the “stock king” of A-shares, and it was later surpassed by Kweichou Moutai and Cambricon, respectively. As of the close on May 14, Yuanjie Technology’s share price was 1,635 yuan per share, once again surpassing Kweichou Moutai (1,342 yuan per share) and Cambricon (1,260.58 yuan per share), becoming the “stock king” of A-shares again, with a market capitalization of 140.520 billion yuan.

In the first three months of this year, Yuanjie Technology’s performance saw a significant growth. On April 27, Yuanjie Technology released its 2026 first-quarter performance report, which stated that during the reporting period, the company achieved operating revenue of 355 million yuan, up 320.94% year over year; net profit attributable to shareholders of listed companies was 179 million yuan, up 1153.07% year over year. Its single-quarter performance almost matched the level of the entire 2025 year.

The performance report stated that the changes in Yuanjie Technology’s performance were mainly due to benefiting from an increase in customer demand. Sales of CW light source products in the data center segment grew. The company’s overall product structure was further optimized. In addition, given the relatively high gross profit margin of data center products, the company’s net profit increased year over year.

In the first quarter of this year, Yuanjie Technology’s sales gross margin was 77.81%, compared with 44.64% in the same period last year; net profit margin was 50.51%, compared with 16.97% in the same period last year. In terms of cash flow, the company’s net cash flow from operating activities in the first quarter was 39.65 million yuan, compared with -5.46 million yuan in the same period last year, turning from negative to positive. The financial report said that the main reasons were increased revenue, which led to increased customer collections, and a significant increase in cash received from sales of goods and the provision of services.

Last year, Yuanjie Technology’s performance began to turn around. The 2025 annual report shows that for the full year, Yuanjie Technology achieved operating revenue of 601 million yuan, up 138.5% year over year; net profit attributable to the parent company was 191 million yuan, turning from loss to profit year over year; net profit after deducting non-recurring gains and losses attributable to the parent company was 167 million yuan, also turning from loss to profit year over year. The report stated that this was mainly because data center business revenue grew, increasing the share of overall company revenue; the company’s overall product structure was further optimized; and the gross profit margin of data center products is relatively high, resulting in an increase in the company’s net profit year over year.

On the capital layout front, this year, Yuanjie Technology has officially kicked off preparations for a listing in Hong Kong. In early March, the company issued an announcement stating that, to further deepen its internationalization strategy and global deployment, build an international capital operation platform, expand overseas financing channels, and further strengthen its capital base and enhance overall competitiveness, it plans to issue H shares and apply for listing on the Main Board of the Hong Kong Stock Exchange.

After the market close on March 25, Yuanjie Technology released an announcement titled “Announcement on Submitting an H-Share Issuance and Listing Application to The Stock Exchange of Hong Kong Limited and Publishing Application Materials.” It shows that the company plans to accelerate global market expansion by launching an “A+H” dual-platform strategy.

This article is sourced from: Jiemian News

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