Core Insights - 福晶科技 has over 30 years of experience in precision optics and has established itself as a leading manufacturer in the global market for various optical crystals and components [1][2] Group 1: Company Overview - 福晶科技 was founded in 1990 and listed on the Shenzhen Stock Exchange in 2008, with a mission to promote the development of the optoelectronic industry [1] - The company offers a comprehensive range of products including LBO crystals, BBO crystals, Nd:YVO4 crystals, precision optical components, and laser devices, serving multiple industrial sectors such as lasers, optical communications, and life sciences [1] Group 2: Product Categories - **Crystal Components**: 福晶科技 is a global leader in the production of LBO and BBO crystals, recognized as the largest manufacturer of these products [1] - **Precision Optical Products**: The company focuses on high-end laser optics and communication optics, achieving mass production of advanced prism gratings for high-speed optical networks, with performance meeting international standards [1] - **Laser Devices**: 福晶科技 aims to address the domestic market's reliance on imported core laser components, successfully developing acousto-optic and magneto-optic devices that have gained recognition from customers in various high-end applications [2] Group 3: Financial Performance - The newly established subsidiary, 至期光子科技有限公司, reported revenue of 49.05 million yuan in the first half of 2025, a year-on-year increase of 73.66%, and achieved profitability with a net profit of 0.9952 million yuan [2] - Projections for 福晶科技's revenue from 2025 to 2027 are 1.053 billion, 1.235 billion, and 1.441 billion yuan, with corresponding growth rates of 20.3%, 17.2%, and 16.7% [3] - Expected net profits for the same period are 271 million, 323 million, and 380 million yuan, with growth rates of 24.0%, 19.1%, and 17.7% respectively [3]

Investment Rating - The report assigns a "Buy" rating to the company, indicating a positive outlook for its stock performance [4][7][18]. Core Insights - The company has a strong position in the precision optics industry, with over 30 years of experience and a diverse product matrix, including LBO crystals, BBO crystals, and high-precision optical components [1][12]. - The establishment of a subsidiary, Zhiqi Photon Technology Co., focuses on the development and sales of ultra-precision optical components, which is expected to contribute significantly to revenue and profit in the future [3][12]. - The company is one of the few suppliers capable of providing a comprehensive range of products, including crystals, optical components, and laser devices, serving various industrial applications such as lasers, optical communications, and AR/VR [2][12]. Financial Projections - Revenue projections for 2025-2027 are estimated at 10.53 billion, 12.35 billion, and 14.41 billion yuan, representing year-on-year growth rates of 20.3%, 17.2%, and 16.7% respectively [4][18]. - Net profit forecasts for the same period are 2.71 billion, 3.23 billion, and 3.80 billion yuan, with growth rates of 24.0%, 19.1%, and 17.7% [4][18]. - The earnings per share (EPS) are projected to be 0.58, 0.69, and 0.81 yuan for 2025, 2026, and 2027 respectively [4][18]. Business Segments - The laser optical components segment is expected to generate revenues of 4.04 billion, 5.05 billion, and 6.32 billion yuan from 2025 to 2027, with a stable gross margin of 45% [13][17]. - The nonlinear optical crystal components segment is projected to achieve revenues of 2.54 billion, 2.74 billion, and 2.96 billion yuan, maintaining a gross margin of 76% [14][17]. - The laser device segment is anticipated to grow to 2.15 billion, 2.57 billion, and 2.96 billion yuan, with a gross margin of 30% [16][17].

证券日报网讯福晶科技（002222）9月24日在互动平台回答投资者提问时表示，截至2025年9月19日，公 司合并普通账户和融资融券信用账户的股东数为62，095户。 ...

Group 1 - The company, Fuzhicheng Technology (002222), provides products including crystal components, precision optical components, and laser devices [1] - The main applications of the company's products are in the fields of lasers and optical communications [1] - The specific business situation will be disclosed in the company's regular reports or announcements [1]

New Stock Listings - YouSheng Co., Ltd. (Stock Code: 603418) listed at an issue price of 46.36 RMB on September 23, 2025[1] - ZhiTianTui (Stock Code: 300280) is in the delisting preparation period with 8 trading days remaining[1] - ZhongHuanHaiLu (Stock Code: 301040) and JiShiChuanMei (Stock Code: 601929) have recent announcements regarding trading activities[1] Trading Alerts - XianDaoZhiNeng (Stock Code: 300450) reported severe abnormal fluctuations in trading[1] - HangKeKeJi (Stock Code: 688006) and YuanLinCo (Stock Code: 605303) have recent trading alerts[1] - Multiple stocks including YunNanLvYou (Stock Code: 002059) and *STMuBang (Stock Code: 603398) have recent announcements related to trading activities[1] Market Trends - A total of 30 stocks have been flagged for abnormal trading activities in the past week, indicating increased market volatility[1] - The recent trading patterns suggest a potential shift in investor sentiment, particularly in the technology and media sectors[1]

New Stock Issuance - New stock issuance for Aomeisen (证券代码: 920080) is priced at 8.25 RMB per share[1] - The last trading day for Zitian (证券代码: 300280) is in 9 trading days[1] - Zhonghuan Hailu (证券代码: 301040) and Jishi Media (证券代码: 601929) have recent announcements regarding their stock status[1] Market Alerts - Significant abnormal fluctuations reported for Xian Dao Intelligent (证券代码: 300450) and Hangke Technology (证券代码: 688006)[2] - ST Green Kang (证券代码: 002868) and ST Gao Hong (证券代码: 000851) are under scrutiny due to recent trading activities[1] - ST Xin Tong (证券代码: 600289) and ST Ya Zhen (证券代码: 603389) have also been flagged for unusual market behavior[1] Trading Insights - The report includes links to detailed announcements for various stocks, indicating ongoing market monitoring and regulatory compliance[1] - The document highlights the importance of tracking stock performance and regulatory updates for informed investment decisions[1]

Group 1 - The trading volume of Fujian Fuzhijun Technology Co., Ltd. reached 3.066 billion RMB, marking a new high since November 12, 2024 [2] - The latest stock price increased by 2.73%, with a turnover rate of 12.24% [2] - The previous trading day recorded a total trading volume of 3.055 billion RMB [2] Group 2 - Fujian Fuzhijun Technology Co., Ltd. was established on October 31, 2001, with a registered capital of 470.25 million RMB [2]

Summary of Key Points from Conference Call Industry Overview - The AI industry is experiencing rapid growth, particularly in computing power demand, with significant increases observed since June 2023. The sector is entering a phase of valuation upgrades, with leading companies like Xuchuang expected to have a reasonable valuation of at least 30 times earnings due to increasing demand visibility by 2027 [3][6]. Company Insights - **Xuchuang**: Valuation outlook is between 600 billion to 800 billion RMB, with potential to reach 40-50 times in a bull market [6]. - **Google**: Anticipates capital expenditures of $85 billion, with a strong ecosystem including TPU chips and OCS technology, which is attracting interest from major players like OpenAI, Meta, Apple, and Microsoft [7][11]. - **Domestic Players**: Companies like Alibaba and Baidu are advancing their AI chip developments, with IPO plans and technological breakthroughs contributing to the domestic computing power chain [5][6]. Technology Developments - **Optical Switching (OCS)**: OCS technology is crucial for high-speed interconnects in data centers, with increasing demand for high-speed interconnects leading to new market opportunities. Google has deployed approximately 15,000 OCS devices, expecting to reach 30,000 by 2026 and 50,000 by 2027, with the overall market projected to reach 770,000 units by 2027 [11][2]. - **OCS Advantages**: OCS technology offers low power consumption, low cost, and low latency, making it attractive for companies like Meta and Microsoft. It is particularly effective in handling high-throughput data streams and dynamic network topologies [4][14]. Market Potential - The OCS market is expected to approach 100 billion RMB by 2027, with significant growth driven by the adoption of OCS technology by major cloud service providers [11][38]. - The AI industry's long-term demand is supported by major companies like NVIDIA, Meta, and TSMC, with projected smart spending reaching $3-4 trillion by 2030 for NVIDIA alone [9]. Competitive Landscape - Key suppliers for OCS technology include TI, Saiwei Electronics, Fujing, and Fengjing Technology, with major manufacturers like Dekoli and Xuchuang actively involved in the market [36][39]. - The competition in OCS technology is intensifying, with various companies showcasing their products at industry events, indicating a collaborative push towards commercialization [12][39]. Future Outlook - Google plans to introduce a second-generation OCS technology using coherent liquid crystal solutions to address current bottlenecks in channel capacity, with commercial deployment expected in 2026 [19]. - The OCS technology is anticipated to maintain high growth rates over the next three to five years, with significant contributions from both domestic and international players in the supply chain [38]. This summary encapsulates the key insights and developments discussed in the conference call, highlighting the growth potential and competitive dynamics within the AI and OCS technology sectors.

Core Viewpoint - The stock of Fuzhijun Technology experienced an abnormal trading fluctuation, with a cumulative closing price increase exceeding 20% over three consecutive trading days from September 17 to September 19, 2025 [1] Company Summary - Fuzhijun Technology confirmed through self-inspection and inquiries with its controlling shareholder and actual controller that there are no corrections or supplements needed for previously disclosed information [1] - The company did not find any public media reports that could have significantly impacted its stock trading price due to undisclosed major information [1] - There have been no significant changes in the company's operational situation or external business environment recently [1] - The company, its controlling shareholder, and actual controller have not engaged in any undisclosed major matters related to the company or are in the planning stages of such matters [1] - During the period of abnormal stock fluctuation, the controlling shareholder and actual controller did not buy or sell the company's stock [1]

1、公司前期披露的信息不存在需要更正、补充之处； 2、公司未发现公共传媒报道可能或已经对本公司股票交易价格产生较大影响的未 公开重大信息； 证券代码：002222 证券简称：福晶科技 公告编号：2025-019 福建福晶科技股份有限公司 股票交易异常波动公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误导性陈述 或重大遗漏。 一、股票交易异常波动的情况介绍 福建福晶科技股份有限公司（以下简称"公司"）股票（证券简称：福晶科技；证 券代码：002222）连续三个交易日内（2025 年 9 月 17 日、9 月 18 日、9 月 19 日）收 盘价格涨幅偏离值累计超过 20%，根据《深圳证券交易所交易规则》的相关规定，属于 股票交易异常波动的情形。 二、公司关注及核实情况说明 针对公司股票交易异常波动，公司董事会对有关事项进行了核查，并向控股股东及 实际控制人中国科学院福建物质结构研究所征询核实，现就有关情况说明如下： 2、公司郑重提醒广大投资者：《证券时报》和巨潮资讯网为公司选定的信息披露媒 体，公司所有信息均以在上述媒体刊登的信息为准，请广大投资者理性投资，注意风险。 五、备查文 ...