Core Viewpoint - The communication equipment sector experienced a mixed performance, with a slight overall increase of 0.88% on January 15, while the Shanghai Composite Index fell by 0.33% and the Shenzhen Component Index rose by 0.41% [1]. Group 1: Stock Performance - Shenyu Co., Ltd. led the gains in the communication equipment sector with a closing price of 42.62, reflecting a rise of 10.39% and a trading volume of 396,000 shares, amounting to a transaction value of 1.671 billion [1]. - Other notable performers included: - Sega Technology with a closing price of 39.50, up 10.00% [1]. - Shijia Photon with a closing price of 87.43, up 7.30% [1]. - Lian Te Technology with a closing price of 197.00, up 7.01% [1]. - Zhaolong Interconnect with a closing price of 57.55, up 6.67% [1]. Group 2: Declining Stocks - The sector also saw significant declines, with Guangha Communication dropping 17.15% to a closing price of 28.98 [2]. - Other stocks that faced losses included: - Fujida down 10.68% to 44.90 [2]. - Xinkemobile down 10.66% to 17.76 [2]. - Huanghuo Communication down 10.01% to 43.07 [2]. Group 3: Capital Flow - The communication equipment sector experienced a net outflow of 1.058 billion from institutional investors and 2.280 billion from retail investors, while retail investors saw a net inflow of 3.338 billion [2]. - The capital flow for specific stocks indicated: - Zhongji Xuchuang had a net inflow of 1.832 billion from institutional investors [3]. - Xinyi Sheng saw a net inflow of 1.208 billion [3]. - Shijia Photon had a net inflow of 516 million [3].

Group 1 - CPO concept stocks experienced significant fluctuations, with Huanxu Electronics hitting the daily limit up [1] - Robotech, Yuanjie Technology, Zhongji Xuchuang, Liantech, and Shijia Photon all saw increases of over 5% [1]

Group 1 - The company emphasizes the importance of communication with investors and commits to complying with legal and regulatory requirements in responding to investor concerns [2] - The company plans to enhance its communication processes by implementing dedicated personnel for investor relations, optimizing inquiry categorization, and improving response timeliness [2] - The company will strictly adhere to regulatory rules regarding the disclosure of its 2025 operating performance forecast and will keep investors informed through future announcements [2] Group 2 - The company is focused on improving its investor relations management to ensure transparency and efficiency in addressing market concerns [2]

Core Viewpoint - The company has achieved a global market presence for its optical chips and related products, gaining recognition from clients in regions including Europe, America, and Southeast Asia due to its stable performance and technological advantages [2] Group 1: Company Performance - The company has established competitiveness in multiple niche markets within the optical communication sector, leveraging its mature technology accumulation and large-scale manufacturing capabilities [2] - The company plans to continuously align with industry trends and customer demands, steadily advancing product iteration and global market expansion [2]

Group 1 - The company is actively expanding its overseas market presence, with products exported to multiple countries and regions globally, including some EU countries [1] - The company aims to continuously deepen its global business layout to enhance its market share and brand influence in the global optical communication field [1]

Core Viewpoint - The company has established a global market presence for its optical chips and related products, gaining recognition from clients in regions including Europe, North America, and Southeast Asia [1] Group 1: Product and Market Position - The company’s optical chips and related products have achieved a global market layout, leveraging stable performance and technological advantages [1] - The company has established competitiveness in multiple niche markets within the optical communication sector, supported by mature technology accumulation and large-scale manufacturing capabilities [1] Group 2: Future Strategy - The company will continue to align with industry trends and customer demands, steadily advancing product iteration and global market expansion [1]

Core Viewpoint - The company has established a global market presence for its optical chips and related products, gaining recognition from clients in regions including Europe, North America, and Southeast Asia [1] Group 1: Product and Market Position - The company’s optical chips include PLC splitters, AWG chips, and DFB laser chips, which are relevant to the needs of North American clients [1] - The company has a competitive edge in the optical communication sector due to its mature technology and large-scale manufacturing capabilities [1] Group 2: Future Strategy - The company aims to continuously align with industry trends and customer demands, focusing on steady product iteration and global market expansion [1]

Core Viewpoint - The company Shijia Photon (688313.SH) has completed the preliminary development of its 100G EML for data centers and is currently in the customer validation phase [1] Group 1 - The company plans to continue following up on customer feedback to accelerate the validation and preparation for mass production [1] - Significant progress will be disclosed in accordance with regulatory requirements [1]

Core Viewpoint - The stock of Shijia Photonics has experienced fluctuations, with a recent increase of 2.00% to 81.50 CNY per share, despite an overall decline of 8.20% since the beginning of the year [1] Company Overview - Shijia Photonics, established on October 26, 2010, and listed on August 12, 2020, is located in Hebi City, Henan Province. The company specializes in optical chips and devices, indoor optical cables, and cable materials [1] - The main products include PLC splitter chip series, AWG chip series, DFB laser chip series, optical fiber connectors, indoor optical cables, and cable materials [1] - The revenue composition is as follows: optical chips and devices 70.52%, indoor optical cables 15.11%, polymer materials for cables 12.66%, and others 1.72% [1] Financial Performance - For the period from January to September 2025, Shijia Photonics achieved a revenue of 1.56 billion CNY, representing a year-on-year growth of 113.96%. The net profit attributable to shareholders was 300 million CNY, showing a significant increase of 727.74% [2] - Since its A-share listing, the company has distributed a total of 77.34 million CNY in dividends, with 49.81 million CNY distributed over the past three years [3] Shareholder Information - As of September 30, 2025, the number of shareholders increased to 44,300, marking a rise of 78.43%. The average circulating shares per person decreased by 43.96% to 10,351 shares [2] - Notable new institutional shareholders include Yongying Technology Smart Selection Mixed Fund and AVIC Opportunity Leading Mixed Fund, which hold 7.35 million and 7.20 million shares, respectively [3]

Core Viewpoint - The total margin balance of the STAR Market reached 287.78 billion yuan on January 12, with an increase of 5.172 billion yuan compared to the previous trading day [1] Group 1: Margin Balance Details - The financing balance amounted to 286.71 billion yuan, increasing by 5.147 billion yuan from the previous trading day [1] - The securities lending balance was 1.07 billion yuan, which is an increase of 25 million yuan compared to the previous trading day [1] Group 2: Individual Stock Performance - On January 12, 379 stocks on the STAR Market experienced net financing purchases, with 18 stocks having net purchases exceeding 100 million yuan [1] - Western Superconducting Technology Co., Ltd. topped the list with a net financing purchase of 314 million yuan [1] - Other notable stocks with significant net financing purchases include Guosheng Quantum, Yuanjie Technology, Guokai Military Industry, Shijia Photon, Cambrian-U, and Ruichuang Micro-Nano [1]