Core Viewpoint - Yuxun Technology Co., Ltd. has successfully listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board, marking a significant milestone in the domestic optical communication chip industry and indicating progress in the localization of optical communication chips in China [1][2]. Company Overview - Yuxun Technology, established in 2003, focuses on the design and mass production of high-speed transceiver circuits and chips for optical communication, being one of the early Fabless manufacturers in this niche [2]. - The company raised 1.033 billion yuan through its IPO, with an initial share price of 51.66 yuan, and its market capitalization reached 18.456 billion yuan on the first trading day [1]. Market Dynamics - The global optical communication chip market is projected to grow from approximately $3.5 billion in 2024 to over $11 billion by 2030, driven by the demand for AI model training [4]. - In China, the optical chip market is expected to reach around 15 billion yuan in 2024, with continued rapid growth anticipated [4]. Competitive Landscape - The domestic optical communication chip market is characterized by a competition between international leaders and local companies, with U.S., Japanese, and European firms maintaining significant technological advantages in high-end optical chips [5][6]. - Yuxun Technology, along with other domestic firms like Guangxun Technology and Yuanjie Technology, is rapidly advancing to close the gap in high-end optical chip production [5]. Industry Trends - The demand for high-performance optical chips is increasing due to the growth of 5G networks, data center upgrades, and the explosion of AI computing needs [4][5]. - Despite the growth in domestic optical module manufacturing, there remains a reliance on imported high-end chips, particularly in the 25G and above segment [3][6]. Financial Performance - The A-share optical communication sector is performing well, with over half of the listed companies reporting profit growth, indicating a high level of market activity and demand [6].

在如今的新股市场，能中一签优质新股，往往被股民们戏称为"天降横财"。而就在优迅股份登陆资本市场的前夜，那些幸运中签并果断缴款的投资者，心中 早已乐开了花——哪怕这只新股发行价高达51.66元，在当前市场环境下也毫不怯场。原因很简单：就在不久前，摩尔线程、沐曦股份等百元高价股接连上 演"开盘即暴涨"的神话，让中签者轻松斩获30、40万元的收益。有了这些"前辈"打样，优迅股份的中签者自然信心满满，笃定自己也将迎来一场"肉签盛 宴"。 但令人费解的是，在这场全民羡慕的"财富派对"中，竟仍有少数人选择主动离场。根据优迅股份发布的上市发行结果公告，网上投资者实际缴款认购637.59 万股，而放弃认购的股数竟达2.40万股，对应金额高达124.42万元！这意味着，有数十位中签者在最后一刻放弃了这份"送上门的红利"。 如此明确的赚钱机会，为何还有人弃之如敝履？有人猜测可能是资金临时周转困难，也有人认为是对后市过度悲观，甚至不排除操作失误的可能。但无论如 何，放弃这样一只首日涨幅超360%的新股，无疑是与十多万元收益擦肩而过，实在令人扼腕。 优迅股份的上市首秀不仅是一场财富狂欢，更是一面镜子——照出了市场的热情、投资者的判断 ...

Core Viewpoint - N Youxun (688807) debuted today with a significant opening increase of 364.58%, closing with a rise of 346.57%, indicating strong market interest and investor confidence in the company’s potential [2] Company Overview - N Youxun is recognized as a "national champion enterprise" in the domestic optical communication sector, focusing on the research, design, and sales of optical communication front-end transceiver chips [2] - The optical communication chips serve as the "nerve center" of optical communication systems, playing a crucial role in amplifying, driving, retiming, and processing complex digital signals, which directly impacts the performance and reliability of the entire optical communication system [2] Product Application - The company's products are widely used in optical modules, including optical transceiver components, optical modules, and optical terminals, with applications spanning access networks, 4G/5G/5G-A wireless networks, data centers, metropolitan area networks, and backbone networks [2] IPO Details - The total issuance volume for the IPO was 20 million shares, with an online issuance of 6.4 million shares at a price of 51.66 yuan per share, resulting in a price-to-earnings ratio of 60.27, compared to the industry average of 58.09 [2] - The final online issuance success rate was 0.0224897%, and the total funds raised from the IPO amounted to 1.033 billion yuan, primarily directed towards the development and industrialization of next-generation access network and high-speed data center chips, as well as 800G and above optical communication chips and silicon photonic components [2]

Core Viewpoint - Xiamen Youxun Chip Co., Ltd. has successfully listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board, with a significant opening day increase of 364.58% from an initial price of 51.66 yuan per share, indicating strong market interest and confidence in the company's growth potential in the optical communication chip sector [1] Group 1: Company Overview - Youxun Chip specializes in the research, design, and sales of optical communication chips, recognized as a "national champion" in China's optical communication industry [1] - The company has developed a comprehensive competitive framework in technology research and development, product layout, supply chain management, product quality control, and customer service [1] Group 2: Market Demand and Financial Performance - The demand for optical communication chips is experiencing explosive growth due to new infrastructure needs such as 5G-A, F5G, and AI computing centers [1] - Revenue is projected to grow from 339 million yuan in 2022 to 411 million yuan in 2024, with 238 million yuan already achieved in the first half of 2025, indicating steady operational expansion [1] Group 3: Technological Capabilities - Youxun Chip has mastered deep sub-micron CMOS and Ge-Si Bi-CMOS dual-process technology, enabling design capabilities for optical communication chips ranging from single-channel 155 Mbps to multi-channel 800 Gbps [2] - The company offers customized chip solutions based on a deep understanding of core products such as laser driver chips, transimpedance amplifier chips, and clock data recovery chips [2] Group 4: Market Position and Future Plans - Youxun Chip's market share in the 10 Gbps and below segment is ranked first in China and second globally, with rapid growth in sales of products above 25 Gbps [2] - The company plans to focus on three high-growth areas: telecom, data centers, and end-user devices, aiming to transition from a "follower" to a "leader" in the global optical communication chip industry [3]

Group 1 - The top ten stocks with the highest net inflow of funds on December 19 include Xue Ren Group, N You Xun, Shan Zi Gao Ke, Aerospace Development, China Zhong Mian, Yonghui Supermarket, China Ping An, Gan Feng Lithium, Aerospace Power, and Junsheng Electronics [1] - N You Xun achieved a net inflow of 12.95 billion yuan on its first day of listing [1] Group 2 - Xue Ren Group had a net inflow of 12.99 billion yuan, making it the stock with the highest net inflow on that day [2] - N You Xun, with a net inflow of 12.95 billion yuan, has over 20 years of experience in the optical communication chip design field and has achieved breakthroughs in key areas such as transceiver integration and high-speed modulation [2] - The company is one of the few in China that can provide a full range of optical communication chip solutions across all application scenarios, with design capabilities covering a complete rate range from single-channel 155 Mbps to multi-channel 800 Gbps [2]

| 新股发行及今日交易提示 | 2025/12/19 | 星期五 | 2025/12/19 | 新股发行 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 证券代码 | 证券简称 | 发行价格 | 787809 | 强一股份 | 85.09 | | | | | 001396 | 誉帆科技 | 22.29 | 001369 | 双欣环保 | 6.85 | | | | | 2025/12/19 | 新股上市 | 证券代码 | 证券简称 | 发行价格 | | | | | | 688807 | 优迅股份 | 51.66 | 2025/12/19 | 内地市场权益提示 | | | | | | 类别 | 证券代码 | 证券简称 | 权益日期 | 最新公告链接 | http://www.cninfo.com.cn/new/disclosure/detail?stockCode=300087&announcementId=122486854 | 要约申报期：2025年12月4日至2026年1月5日 | 300087 | 荃银高科 | | 0 ...

Core Viewpoint - Xiamen Youxun Chip Co., Ltd. (stock code: 688807.SH) was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board, with a closing price of 230.70 yuan, reflecting a significant increase of 346.57% from its opening price [1] Company Overview - Youxun specializes in the research, design, and sales of optical communication front-end transceiver chips, with applications in optical modules, access networks, 4G/5G wireless networks, data centers, metropolitan area networks, and backbone networks [1] - The company's shares are widely held, with no single shareholder controlling more than 30% of voting rights, indicating no controlling shareholder [1] Financial Highlights - The company issued 20 million shares, accounting for 25% of the total share capital post-issue, at a price of 51.66 yuan per share, raising a total of 1.0332 billion yuan [2] - The net proceeds from the issuance, after deducting issuance costs, amounted to approximately 927.69 million yuan, exceeding the original plan by 118.62 million yuan [2] - The funds raised will be used for the development and industrialization of next-generation access network and high-speed data center chips, automotive chips, and 800G and above optical communication chips [2][3] Shareholder Structure - The actual controllers of the company are Ke Binglan and Ke Tenglong, who collectively control 27.13% of the voting rights [1] Financial Performance - Revenue for 2022, 2023, and 2024 was approximately 339.07 million yuan, 313.13 million yuan, and 410.56 million yuan, respectively, with net profits of 81.40 million yuan, 72.08 million yuan, and 77.87 million yuan [5] - For the first nine months of 2025, the company reported revenue of 357.38 million yuan, a year-on-year increase of 18.33%, and net profit of 72.94 million yuan, up 17.11% [8] - The company expects 2025 revenue to be between 475 million yuan and 495 million yuan, with net profit projected between 92 million yuan and 98 million yuan [9][10]

Group 1 - The A-share market experienced an overall rise on December 19, with the Shanghai Composite Index reaching above 3900 points at one point, closing at 3899.31 points, up 0.59% [3][4] - The retail sector saw significant gains, with the commercial retail sector rising nearly 4% during the session, leading to a surge in individual stocks, including several hitting the daily limit [3][4] - New stock Youxun Co., Ltd. debuted on the A-share market, with its price increasing by over 450% at one point during the trading session [5] Group 2 - The Ministry of Commerce and the Ministry of Finance issued a notice to implement pilot programs for new consumption formats in 50 cities, which is part of efforts to boost consumption and expand the supply of quality goods and services [3][4] - Other sectors such as light manufacturing, real estate, and comprehensive services also saw gains, with increases exceeding 2% [4] - The stock prices of companies in the duty-free, dairy, and new retail sectors also rose significantly, with several stocks increasing by over 10% [3][4] Group 3 - Youxun Co., Ltd. specializes in the research, design, and sales of optical communication front-end transceiver chips, which are critical components in optical communication systems [5] - The company's products include laser driver chips, transimpedance amplifier chips, and integrated optical communication transceiver chips, which are essential for efficient signal processing in various applications [5] Group 4 - In the Hong Kong market, Kangqiao Yuelife's stock price surged by over 40% following the announcement of plans to establish a subsidiary in North America and a collaboration with Askitect, an AI housing diagnostics company [6][7] - This partnership aims to integrate advanced technology and experience into property management and real estate services, marking a significant step in Kangqiao Yuelife's global expansion [7]

Core Viewpoint - N Youxun (688807) debuted today with a significant opening increase of 364.58%, settling at a half-day increase of 345.22% by the morning close, indicating strong market interest and trading activity [2] Company Overview - N Youxun is recognized as a "national champion enterprise" in the domestic optical communication sector, focusing on the research, design, and sales of optical communication front-end transceiver chips [2] - The optical communication chips serve as the "nerve center" of optical communication optoelectronic systems, playing a crucial role in amplifying, driving, retiming, and processing complex digital signals, which directly impacts the performance and reliability of the entire optical communication system [2] Product Application - The company's products are widely used in optical modules, including optical transceiver components, optical modules, and optical terminals, with applications spanning access networks, 4G/5G/5G-A wireless networks, data centers, metropolitan area networks, and backbone networks [2] IPO Details - The total issuance volume for this IPO was 20 million shares, with an online issuance of 6.4 million shares at a price of 51.66 yuan per share, resulting in a price-to-earnings ratio of 60.27, compared to the industry average of 58.09 [2] - The final online issuance lottery rate was 0.0224897%, and the total funds raised from the IPO amounted to 1.033 billion yuan, primarily directed towards the development and industrialization of next-generation access network and high-speed data center chips, as well as R&D projects for 800G and above optical communication chips and silicon photonic components [2]

Core Viewpoint - Xiamen Youxun Chip Co., Ltd. (688807.SH) has officially listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board, marking a significant step in China's optical communication core device sector [1] Group 1: Company Overview - Youxun Chip focuses on the research, design, and sales of optical communication chips and is recognized as a "national champion enterprise" in China's optical communication field [1] - The company has achieved a stock price increase of 355% since its IPO, with an issuance price of 51.66 yuan per share and a price-to-earnings ratio of 60.27 [1] Group 2: Market Demand and Growth - The demand for optical communication chips is experiencing explosive growth due to new infrastructure needs such as 5G-A, F5G, and AI computing centers [1] - Youxun Chip's revenue has grown from 339 million yuan in 2022 to 411 million yuan in 2024, with a revenue of 238 million yuan achieved in the first half of 2025, indicating steady business expansion [1] Group 3: Technological Capabilities - The company has developed deep sub-micron CMOS and Ge-Si Bi-CMOS dual-process technology, enabling it to design ultra-high-speed optical communication chips ranging from single-channel 155 Mbps to multi-channel 800 Gbps [2] - Youxun Chip offers customized solutions based on its deep understanding of core optical communication chip products, including laser driver chips, transimpedance amplifier chips, and more [2] Group 4: Market Position and Future Prospects - Youxun Chip's customer base includes major global optical module manufacturers, with increasing penetration of domestic chips in the high-end market [3] - The company holds the leading market share in China and the second position globally for products with speeds of 10 Gbps and below, with rapid growth in sales of products with speeds of 25 Gbps and above [3] - The IPO raised 1.033 billion yuan, which will be invested in the development and industrialization of next-generation access network and high-speed data center chips, as well as projects for automotive chips and 800G optical communication chips [3]