Group 1: Shijia Photon - Shijia Photon is expected to continue revenue and profit growth in Q1 2025, driven by demand for computing power and rapid growth in the data communication market [1] - The overseas revenue proportion is projected to reach 26% by the end of 2024, with an increase in Q1 2025, while gross margin improvement is attributed to resource allocation, scale effects, and customer structure adjustments [1] - Increased borrowing is due to capacity expansion, raw material reserves, equity acquisitions in industry funds, and liquidity reserves [1] - The company is developing new types of cables, including high-temperature resistant and liquid-cooled cables, to meet the growing demand from data center wiring [1] Group 2: JuGuang Technology - Changes in tariff policies have raised procurement costs for scientific instruments but present strategic opportunities for domestic manufacturers [2] - The company's business restructuring has improved gross margins and reduced costs, with plans to increase investment in advantageous business areas [2] - The subsidiary Lingxi Optoelectronics is experiencing rapid growth in contracts for high-precision greenhouse gas analyzers, indicating a positive future outlook [2] Group 3: NewEase - NewEase achieved a revenue of 8.647 billion yuan in 2024, a year-on-year increase of 179.15%, with a net profit of 2.838 billion yuan, up 312.26% [3] - In Q1 2025, revenue reached 4.052 billion yuan, and net profit was 1.573 billion yuan, reflecting growth rates of 264.13% and 384.54% respectively [3] - The company is focusing on domestic market opportunities and has a dedicated team to track progress, with no significant changes in overseas market demand observed [3]

同犇投资是一家有特色的阳光私募。公司成立于2014年1月，实缴资本1000万，2014年5月4日获得私募 投资基金管理人登记证书，是为数不多的由新财富最佳分析师创建的阳光私募，也是"五年金牌分析师 转型阳光私募"的唯一团队。公司总经理、投资总监童驯先生02-13年曾在上海申银万国证券研究所工作 12年，08-12年连续五年荣获新财富食品饮料行业最佳分析师第一名，擅长大消费投资。 以上内容为证券之星据公开信息整理，由智能算法生成（网信算备310104345710301240019号），不构成投资建议。 根据市场公开信息及4月23日披露的机构调研信息，知名私募同犇投资近期对1家上市公司进行了调研， 相关名单如下： 1）仕佳光子 （上海同犇投资管理中心(有限合伙)参与公司特定对象调研） 调研纪要：仕佳光子2025年第一季度营收、利润延续增长，主要受益于算力需求驱动，数通市场快速增 长，三大类产品显著增长。2024年境外收入占比26%，2025年Q1境外收入占比增加，毛利率提升因资 源弹性配置、规模效应、客户结构调整。借款增加因产能扩建、原材料储备、参股产业基金收购股权、 储备流动资金。2024年末境外收入占比26% ...

Investment Rating - The investment rating for the company is "Accumulate" [7] Core Views - The company's performance exceeded expectations due to the demand driven by AI computing power, leading to rapid growth in the data communication market and highlighting the competitive advantages of its products [2] - The company reported a significant increase in revenue and net profit for 2024 and Q1 2025, with a year-on-year revenue growth of 42% and a net profit increase of 237% for 2024 [1][5] - The company is expected to continue its growth trajectory, with projected net profits of 352 million yuan, 478 million yuan, and 617 million yuan for 2025, 2026, and 2027 respectively [5] Financial Performance - In 2024, the company achieved a revenue of 1.075 billion yuan, with a net profit of 64.93 million yuan, marking a 42% increase in revenue and a 237% increase in net profit year-on-year [1][6] - The company's Q1 2025 revenue reached 436 million yuan, representing a 121% year-on-year increase and a 26% quarter-on-quarter increase, with a net profit of 93.19 million yuan, a 1004% year-on-year increase [1][6] - The gross margin for Q1 2025 was 39.1%, up 15 percentage points year-on-year and 12 percentage points quarter-on-quarter [1] Product Performance - The revenue from optical chips and devices reached 606 million yuan in 2024, a 68% increase year-on-year, with the AWG chip series revenue growing by 122% [3] - The company has made significant progress in product development, including the mass shipment of 400G and 800G optical modules and the development of a 100G EML laser [4] - The company has established itself as a qualified supplier for major global wiring manufacturers, with high-density fiber optic connector jumpers achieving certification [4] Market Outlook - The domestic revenue for 2024 was 776 million yuan, a 35% increase year-on-year, while overseas revenue reached 280 million yuan, a 74% increase [3] - The company is expected to benefit from the growing demand for AI computing and related products, which will continue to drive its revenue growth [2]

Summary of the Conference Call for Shijia Photonics Company Overview - **Company**: Shijia Photonics - **Industry**: Optical Communication Key Financial Performance - In Q1 2025, revenue reached 436 million yuan, a year-on-year increase of 120.57%, nearing half of the total revenue for 2024 [1][2] - Net profit attributable to shareholders was over 93 million yuan, a significant increase of 1,003.78% year-on-year, successfully turning a profit [1][2] Core Products and Growth Drivers - **AWG Products**: Core product with revenue and gross profit growth exceeding 200% year-on-year in Q1 2025, driving overall performance [1][3] - **Indoor Fiber Optic Cables**: Benefited from the expansion of overseas cabling customers and the production launch of the Thailand factory, with gross margin increasing from below 20% to over 30% and revenue growth exceeding 100% [1][5] - **Fiber Optic Connectors**: Revenue growth over 300% year-on-year, primarily due to the Thailand factory meeting the demands of overseas cabling customers [1][5] Sustainability of Growth - The company has enhanced the sustainability of its growth through increased high-margin orders, successful factory certifications, and the AWG solution replacing the Z-BLOCK solution [1][6] Production Capacity Expansion - **Thailand Factory**: Focused on expanding indoor fiber optic cable capacity, with plans to lease and purchase additional facilities to significantly boost production capacity [1][7] - **Hebi Factory**: Expanding AWG and MPO product capacity, with plans to double AWG production and evaluate market orders biannually [1][8] Market Demand and Supply Challenges - Currently facing a supply-demand imbalance, with efforts to accelerate capacity expansion to meet market needs [1][9] Technological Developments - Continuous investment in the PIC field, including the development of light sources and new MPO products, with projects in customer validation stages [1][4][10] - The company is also preparing for the development of high-power CWDM module chips and external high-power devices to meet future market demands [1][25][26] Market Position and Strategy - The company is expanding its customer base to include switch manufacturers, which will help broaden market reach and application areas [1][27] - The acquisition of Foxma through an industrial fund aims to ensure supply chain stability and enhance competitiveness in the connector supply chain [1][17] International Revenue and Impact of Tariffs - In 2024, international revenue accounted for approximately 20%, increasing to about 30% in Q1 2025, with minimal impact from US-China tariffs due to production in Vietnam, Thailand, and Malaysia [1][18][20] Conclusion - Shijia Photonics is positioned for continued growth with strong financial performance, expanding product lines, and strategic capacity enhancements, while navigating market challenges and leveraging technological advancements.

Core Viewpoint - The stock of Henan Shijia Photon Technology Co., Ltd. experienced abnormal trading fluctuations, with a cumulative closing price increase exceeding 30% over two consecutive trading days on April 21 and April 22, 2025 [2][4]. Group 1: Stock Trading Abnormalities - The company's stock price deviation is classified as abnormal trading according to the Shanghai Stock Exchange regulations [2][4]. - The company conducted a self-examination and confirmed that there are no undisclosed significant matters related to the company as of April 22, 2025 [2][5]. Group 2: Company Operational Status - The company's daily production and operational status is normal, with no significant changes reported [5]. - The market environment and industry policies have not undergone major adjustments, and internal operations remain orderly [5]. Group 3: Financial Performance - In 2024, the company achieved operating revenue of 1,074.53 million yuan, a year-on-year increase of 42.40%, and a net profit attributable to shareholders of 64.93 million yuan, up 236.57% [5]. - For the first quarter of 2025, the company reported operating revenue of 436.21 million yuan, a year-on-year increase of 120.57%, and a net profit attributable to shareholders of 93.19 million yuan, up 1,003.78% [5]. Group 4: Major Events and Market Sentiment - There are no undisclosed major events such as asset restructuring or significant acquisitions that could impact the stock price [6]. - The company has not identified any media reports or market rumors that could significantly affect its stock trading price [7]. Group 5: Board of Directors' Statement - The board confirms that there are no undisclosed matters that should be reported according to the relevant regulations [9].

证券代码：688313 证券简称：仕佳光子 公告编号：2025-020 河南仕佳光子科技股份有限公司 股票交易异常波动公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 公司股票交易连续两个交易日内（2025 年 4 月 21 日、2025 年 4 月 22 日）收盘价格涨幅偏离值累计超过 30%，根据《上海证券交易所交易规则》《上 海证券交易所科创板股票异常交易实时监控细则》的有关规定，属于股票交易异 常波动的情况。 经公司自查，并发函问询公司控股股东和实际控制人，截至 2025 年 4 月 22 日，公司及控股股东、实际控制人不存在关于公司的应披露而未披露的重 大事项。公司目前生产经营正常，生产经营未发生重大变化。 公司股价短期波动幅度较大，公司特别提醒广大投资者，注意投资风险， 理性决策。 一、股票交易异常波动的具体情况 二、公司关注并核实的相关情况 （一）生产经营情况 经公司自查，公司近期日常生产经营情况正常，未发生重大变化。公司市场 环境或行业政策未发生重大调整，内部生产经营秩序正常。公司已于 ...

关于河南仕佳光子科技股份有限公司 股票交易异常波动问询函的回函 致河南仕佳光子科技股份有限公司： 本人已收到贵公司发来的《关于河南仕佳光子科技股份有限公司股票交易 异动波动有关事项的问询函》，作为河南仕佳光子科技股份有限公司的实际控制 人，经核查，现回复如下： 1、截至目前，本人不存在影响上市公司股票交易异常波动的重大事项； 2、截至目前，本人不存在涉及上市公司应披露而未披露的重大信息，包括 但不限于重大资产重组、发行股份、上市公司收购、债务重组业务重组、资产剥 离和资产注入等重大事项，不存在处于筹划阶段的重大事项；未发现前期披露的 信息存在需要更正、补充之处； 3、在股票异常波动期间，本人不存在买卖上市公司股票的情况。 特此回复。 签字：葛海泉 2025 年 4 月 22 日 ...

致河南仕佳光子科技股份有限公司： 本公司已收到贵公司发来的《关于河南仕佳光子科技股份有限公司股票交易 异动波动有关事项的问询函》，作为河南仕佳光子科技股份有限公司的控股股东， 经核查，现回复如下： 关于河南仕佳光子科技股份有限公司 股票交易异常波动问询函的回函 2、截至目前，本公司不存在涉及上市公司应披露而未披露的重大信息，包 括但不限于重大资产重组、发行股份、上市公司收购、债务重组业务重组、资产 剥离和资产注入等重大事项，不存在处于筹划阶段的重大事项；未发现前期披露 的信息存在需要更正、补充之处； 3、在股票异常波动期间，本公司不存在买卖上市公司股票的情况。 特此回复。 河南仕佳信息技术有限公司 2025 年 4 月 22 日 1、截至目前，本公司不存在影响上市公司股票交易异常波动的重大事项； ...

科创50指数今日下跌0.31%，报收1016.22点，科创板全日成交量23.70亿股，成交额823.27亿元，加权平 均换手率为1.42%。 科创板股换手率区间分布显示，换手率超过20%的有1只，换手率10%~20%的有8只，换手率5%~10%的 22只，换手率3%~5%的70只，换手率1%~3%的297只，换手率不足1%的有188只。 高换手率个股中，21股公布了2024年报，净利润同比增幅较高的是微电生理、仕佳光子、炬芯科技，净 利润增幅为815.36%、236.57%、63.83%。有10股已经公布了2024年全年业绩快报，净利润增幅较高的 有有方科技、先锋精科，增幅为353.35%、170.92%。（数据宝） 4月22日科创板换手率居前个股 | 代码 | 简称 | 最新收盘价 | 日涨跌幅（%） | 日换手率（%） | 资金净流入（万元） | | --- | --- | --- | --- | --- | --- | | 688313 | 仕佳光子 | 21.17 | 13.09 | 24.09 | -5540.55 | | 688602 | 康鹏科技 | 8.38 | -8.62 | 18.82 | ...

| 301479 | 弘景光电 | 117.50 | 27.56 | 8.29 | | --- | --- | --- | --- | --- | | 002583 | 海能达 | 13.11 | 27.56 | 1.31 | | 300773 | 拉卡拉 | 25.55 | 27.21 | 20.01 | | 001356 | 富岭股份 | 15.07 | 27.09 | -5.81 | | 001382 | 新亚电缆 | 23.17 | 26.93 | 0.52 | | 835892 | 中科美菱 | 21.05 | 26.78 | 4.47 | | 600644 | 乐山电力 | 12.94 | 26.54 | 10.03 | | 920106 | 林泰新材 | 136.00 | 26.47 | 10.92 | | 603110 | 东方材料 | 19.10 | 26.46 | 1.60 | | 301629 | 矽电股份 | 175.18 | 26.20 | 1.85 | | 300605 | 恒锋信息 | 16.11 | 26.19 | -6.99 | | 300892 | 品渥食品 | 40.70 ...