Yuanjie Technology Stock Price Breaks 1,000 Yuan, Surpasses Cambricon; Optical Communication Track Spawns New "High-Price King" on A-Share Market

The Sci-Tech Innovation Board market is entering a historic moment, with the optical communication sector adding a new “powerful” stock worth over 1,000 yuan. Today, Yuanjie Technology’s stock price surged past the 1,000 yuan mark, hitting a 20% limit-up and setting a new record. It becomes the second 1,000-yuan stock on the Sci-Tech Innovation Board after Cambrian, and the eighth in A-shares history. At the close, the stock was at 1,140 yuan per share, surpassing Cambrian and approaching Kweichow Moutai’s position as the second-highest priced stock in A-shares.

Looking back a year, Yuanjie Technology was ranked 65th in the A-share market with a stock price of only 127.05 yuan. In just 365 days, its stock price has increased by nearly 800%, demonstrating a remarkable capital leap. The key to this miracle is the company’s full-process IDM barrier in the optical chip field—covering chip design, wafer manufacturing, and testing, forming a complete closed loop. Especially amid explosive growth in AI computing power, its silicon photonics solutions’ high-power CW laser chips have become highly sought after in the data center market.

The earnings forecast reveals the growth secret: by 2025, the company expects to achieve net profit attributable to shareholders of 175 million to 205 million yuan, turning losses into profits year-over-year. Revenue from data center business has significantly increased, coupled with the release of high-margin products, jointly boosting profitability. Notably, the company’s net profit in the same period of 2024 was still in loss, but within a year, it has transformed from “bleeding” to “self-sustaining.”

The industry is at a booming point, with two major international conferences serving as catalysts. At the recent GTC and OFC conferences, NVIDIA announced the adoption of Rubin+LPX architecture, which analysts interpret as indirectly improving cloud vendors’ profitability and accelerating the deployment of low-latency AI inference applications. Orient Securities pointed out that this will activate a huge inference demand market, further increasing demand for optical communication, especially in scale-out scenarios where the maturity of CPO solutions continues to improve. Wanshun Securities confirmed the high industry prosperity from a supply chain perspective: domestic and overseas cloud vendors are continuously increasing investments in AIDC and AI servers, and LightCounting has raised its shipment forecasts for 800G and 1.6T optical modules, highlighting the core role of optical communication as the “vascular system” of computing power.

Market funds are already taking action. Besides Yuanjie Technology, leading optical module companies such as Zhongji Xuchuang and New Easy Star have recently seen significant northbound capital inflows. An electronic industry chief analyst at a securities firm stated: “The AI computing power race has entered a stage of arms race escalation. Optical communication is one of the most certain niche tracks, and leading companies with technological barriers and customer certification advantages will continue to enjoy valuation premiums.”