Core Viewpoint - Yuxun Co., Ltd., a leading optical communication chip company, has successfully listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board, with its stock price soaring by over 400% on the first day of trading, reflecting strong market interest and confidence in its growth potential [1][2][4]. Company Overview - Yuxun Co., Ltd. was established in February 2003 and specializes in the research, design, and sales of optical communication front-end transceiver chips, recognized as a "national champion" in China's optical communication sector [3][4]. - The company is one of the few in China that can provide a full range of optical communication chip solutions across various application scenarios, successfully entering the supply chains of many global renowned clients [4]. Financial Performance - Yuxun's revenue for 2022, 2023, and 2024 was reported at 339 million, 313 million, and 411 million yuan respectively, with net profits of 81 million, 72 million, and 78 million yuan [9][13]. - The company expects total revenue for the first half of 2025 to be between 475 million and 495 million yuan, indicating a positive growth trajectory [13]. Market Position - In the market for products with speeds of 10Gbps and below, Yuxun holds the largest market share in China and the second largest globally [4]. - The company has a low self-sufficiency rate in the market for optical communication chips above 25G, with downstream manufacturers heavily reliant on imports [7]. IPO and Fund Utilization - Yuxun raised a total of 1.03 billion yuan through its IPO, with a net amount of 928 million yuan after deducting issuance costs. The funds will be allocated to the development and industrialization of next-generation access network and high-speed data center chips, as well as for working capital [4][8]. R&D and Product Development - The company has a strong focus on R&D, with over 54% of its workforce dedicated to research and development, and is currently developing 800Gbps data center transceiver chips [17][19]. - Yuxun has achieved breakthroughs in domestic technology in key areas such as transceiver integration, high-speed modulation, and optoelectronic collaboration [9][19]. Product Sales and Client Base - Yuxun sold 244 million chips last year, with a significant portion of its revenue coming from the sales of optical transceiver chips, which account for over 80% of its total revenue [20][21]. - The company has a high customer concentration, with the top five clients accounting for 65.53% of total sales in the first half of 2025 [21][22]. Shareholding Structure - The company's shareholding is relatively dispersed, with no single shareholder holding more than 30% of the voting rights. The actual controllers are the father-son duo, Ke Binglan and Ke Tenglong, who collectively control 27.13% of the voting rights [24][26][27]. Strategic Focus - Yuxun aims to become a leading international player in optical communication and optical sensing chips, focusing on high-growth areas such as high-speed optical communication, silicon photonics integration, and automotive optics [30][31].

12月19日，厦门优迅芯片股份有限公司（股票简称：优迅股份，股票代码：688807.SH）正式在上海证 券交易所科创板挂牌上市。首日交易表现亮眼，开盘涨幅达364.58%。作为光通信电芯片领域第一股， 公司本次发行价格确定为51.66元/股，发行数量2000万股，公开发行后总股本达8000万股。募集资金将 重点投向下一代接入网及高速数据中心电芯片开发、车载电芯片研发等核心项目。此次上市不仅标志着 公司进入资本赋能的新阶段，更将为我国光通信电芯片国产替代进程注入强劲动力。 行业标杆地位稳固，国产替代核心力量 据了解，在光通信产业链中，上游的电芯片是整个系统的"神经中枢"，承担着光电信号转换与处理的核 心功能，其性能直接决定了光通信系统的稳定性与传输效率。然而当前行业由于技术差距，光模块厂商 的高速率产品大多依赖进口芯片。优迅股份的崛起，正逐步打破这一格局，确立了在国产光通信电芯片 领域不可替代的标杆地位。 从市场竞争力来看，优迅股份已成为国内少数能提供全应用场景、全系列产品的光通信电芯片解决方案 企业。根据ICC数据，2024年度公司在10Gbps及以下速率产品细分领域市场占有率位居中国第一、世界 第二，成功打 ...

Core Viewpoint - The company Youxun Co., Ltd., a leader in the optical communication sector, successfully debuted on the Shanghai Stock Exchange's Sci-Tech Innovation Board, with its stock price soaring by 351.24% on the first day of trading, reaching a market capitalization of 18.649 billion yuan [2]. Group 1: Company Overview - Youxun Co., Ltd. specializes in the research, design, and sales of optical communication front-end transceiver chips, which are critical components in optical modules [6]. - The company has established a comprehensive core technology system in the field of optical communication chip design, achieving breakthroughs in key areas such as transceiver integration and high-speed modulation [6]. - Youxun's products are widely used in various core fields, including access networks, 4G/5G wireless networks, data centers, metropolitan area networks, and backbone networks [6]. Group 2: Financial Performance - The total amount raised from the issuance was 1.0332 billion yuan, with a net amount of 927.6883 million yuan after deducting issuance costs, which will be invested in three core projects [5]. - The company's stock price reached 233.11 yuan, with a trading volume of 72,200 hands and a turnover rate of 48.05% on the first trading day [3]. Group 3: Product Development and Market Position - Youxun is actively advancing the development of new products, including 50G PON transceiver chips, 400Gbps and 800Gbps data center transceiver chips, and automotive optical communication chips [6]. - The company has formed differentiated product solutions that are complete, highly integrated, low power consumption, and easy for customers to produce, establishing its position as a leading enterprise in the domestic optical communication chip field [7].

Group 1 - A total of 20 companies have announced their performance forecasts for the year 2025, with 14 expecting profit increases, 2 expecting profit decreases, and 1 forecasting a loss [1][2] - The companies with the highest expected profit increase include Baiao with a projected increase of 303.57% and Lixun Precision with an expected increase of 26.09% [1] - Companies such as C. Angrui and Jinhua are forecasting profit decreases of -19.44% and -5.47%, respectively [2] Group 2 - The electronic industry has several companies forecasting profit increases, including C. Muxi with a 54.22% reduction in losses and Moer Thread with a 41.36% reduction in losses [1] - The machinery and equipment sector shows positive forecasts, with companies like Aomei and Nante expecting profit increases of 16.44% and 13.02%, respectively [1] - The power equipment industry has companies like Hongyuan and Xintong Electronics forecasting profit increases of 21.42% and 5.40%, respectively [1]

N优迅今日上市，开盘价240.00元，上涨364.58%。 | | 北矿检测 | | | | | 社会服务 | | --- | --- | --- | --- | --- | --- | --- | | 688727 | 恒坤新材 | 2025.11.18 | 14.99 | 71.42 | 286.92 | 电子 | | 301638 | 南网数字 | 2025.11.18 | 5.69 | 32.22 | 261.51 | 计算机 | | 920003 | 中诚咨询 | 2025.11.07 | 14.27 | 9.69 | 194.32 | 建筑装饰 | | 603092 | 德力佳 | 2025.11.07 | 46.68 | 34.98 | 107.67 | 电力设备 | | 603376 | 大明电子 | 2025.11.06 | 12.55 | 17.97 | 386.85 | 汽车 | | 603334 | 丰倍生物 | 2025.11.05 | 24.49 | 30.47 | 169.50 | 基础化工 | | 920009 | 丹娜生物 | 2025.11.03 | 17.10 | 11. ...

新股优迅股份上市首日涨超360%。 2025.12.19 本文字数：555，阅读时长大约1分钟 作者 |一财阿驴 09:30可控核聚变大幅高开，王子新材涨停，常辅股份高开超10%，爱科赛博、哈焊华通、雪人集团等 涨幅靠前。消息面上，特朗普媒体科技集团大涨超40%。据报道，特朗普媒体科技集团同意以全股票交 易方式与核聚变能源企业TAE科技公司合并，交易总价值超60亿美元。 09:25 A股开盘丨三大指数集体高开 沪指高开0.05%，深成指高开0.48%，创业板指高开0.89%。 | 代码 | 名称 | 两日图 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | --- | | 000001 | 上证指数 | wh | 3878.23 | 1.86 | 0.05% | | 15841-2010 11 399001 | 深证成指 | w | 13116.19 | 62.21 | 0.48% | | 399006 | 创业板指 | M | 3134.80 | 27.74 | 0.89% | 盘面上，算力硬件方向反弹，CPO、存储器指数领涨；核聚变、6G、消费电子概念股活 ...

Core Viewpoint - The article highlights significant market movements, particularly in the context of the stock market opening and specific company performances, indicating a positive trend in certain sectors like nuclear fusion and technology [3][4]. Market Opening - The A-share market opened with all three major indices rising: Shanghai Composite Index up 0.05%, Shenzhen Component Index up 0.48%, and ChiNext Index up 0.89% [4][5]. - The opening prices for the indices were reported as follows: Shanghai Composite Index at 3878.23, Shenzhen Component Index at 13116.19, and ChiNext Index at 3134.80 [5]. Sector Performance - The computing hardware sector showed a rebound, with CPO and storage indices leading the gains. In contrast, coal, precious metals, and shipping industries experienced declines [6]. - Notable stock movements included a significant rise in companies related to nuclear fusion, 6G technology, and consumer electronics [6]. Noteworthy Stock Movements - New stock Youxin Co. debuted with an impressive increase of over 360% on its first trading day [7]. - Trump Media Technology Group saw a surge of over 40% following news of a merger with TAE Technologies, valued at over $6 billion [3]. Hong Kong Market Opening - The Hong Kong market also opened positively, with the Hang Seng Index up 0.53% and the Hang Seng Tech Index up 0.81%. Key tech stocks like NetEase, Alibaba Health, and Kuaishou showed strong performance [8][9].

新股上市：N优迅 688807.SH 中签缴款：江天科技 920121.BJ * 来源：国金证券第5小时 新股申购：誉帆科技 001396.SZ 新股申购：双欣环保 001369.SZ 新股申购：强一股份 688809.SH 1、中国对外开放迎来具有里程碑意义的标志性举措。海南自由贸易港全岛封关运作12月18日正式启动，"零关税"商品范围扩大到6600多个税目。对消费 者而言，首先，到海南出差、旅游、生活如常，不需要任何额外证件。其次，对于文旅消费"买买买"，将有更好的体验。有媒体实探三亚海旅免税城发 现，在一家售卖苹果产品的门店，免税价叠加消费券，苹果手机最高可比官网售价便宜2140元。 2、时隔16年我国再次对钢铁实施出口许可证管理。商务部表示，此举主要目的是加强对钢铁产品出口的监测统计分析，跟踪出口产品质量。与此同时， 商务部已批准部分稀土出口通用许可申请。商务部指出，欧委会近期密集对中国企业发起《外国补贴条例》（FSR）调查，中方对此强烈反对，将采取必 要措施，坚决维护中国企业合法权益。 3、山东省莱州市三山岛北部海域新发现国内唯一、亚洲最大的海底巨型金矿，全市累计探明金资源储量3900余吨，约占全国 ...

| | 240.00 +188.34 +364.58% | | | | N优迅 1 立即 688807 交易 | | --- | --- | --- | --- | --- | --- | | | SSE CNY 9:25:02 交易中 查看L2全景 | | | 好心、都花 鸡蛋好黄心感 | | | 变比 | 83.61% 委差 | 286 | Wind ESG评级 - | | 详情 | | 卖上 | 248.78 | 3 | रेस | 0.00% 120日 | 0.00% | | 荧四 | 248.00 | 16 | 5日 | 0.00% 250日 | 0.00% | | 美三 | 247.00 | 2 | 20日 | 0.00% 52周高 | 0.00 | | | 245.00 | 2 | 60日 | 0.00% 52周低 | 0.00 | | | 244.00 | 5 | | 2024 2023 | 2025Q3 | | | 240.00 | ાર્તિ | EbS | 1.86 | 1.22 | | 三三 | 238.88 | 15 | BbS | 21.40 12.09 | 13.54 | | | ...

Core Viewpoint - Yuxun Co., Ltd. (688807) has been listed on the Shanghai Stock Exchange, focusing on the research, design, and sales of optical communication front-end transceiver chips [1][2]. Company Overview - Yuxun Co., Ltd. specializes in optical communication front-end transceiver chips, with products widely used in optical modules, including optical transceiver components, optical modules, and optical terminals [2]. - The application scenarios for the company's products cover access networks, 4G/5G/5G-A wireless networks, data centers, metropolitan area networks, and backbone networks [2]. Shareholding Structure - The company's shareholding is relatively dispersed, with no single shareholder holding more than 30% of voting rights, indicating no controlling shareholder [2]. - Ke Binglan directly holds 10.92% of the company's shares and indirectly controls 4.59% of voting rights through his role as the executive partner of Kexun Development, totaling 15.51% of voting rights [2]. - Ke Tenglong, as the executive partner of employee stock ownership platforms, controls 11.63% of voting rights, leading to a combined control of 27.13% of voting rights by Ke Binglan and Ke Tenglong, identifying them as the actual controllers of the company [2]. Fundraising and Project Allocation - The total amount raised from this issuance is 1,033.20 million yuan, with a net amount of 927.69 million yuan after deducting issuance costs (excluding VAT) [2]. - The raised funds will be allocated to the development and industrialization of next-generation access network and high-speed data center chips, research and industrialization of automotive chips, and the development of 800G and above optical communication chips and silicon photonic components [2].