BROADEX(300548) 证券时报网·2024-12-29 12:59Company Overview - The company specializes in the R&D, production, and sales of integrated optoelectronic devices in the field of optical communication, with main products including PLC optical splitters, PON optical transceiver modules, AWG, and VMUX for the telecom market, as well as optical transceiver modules, active optical cables, and high-speed copper cables ranging from 25G to 800Gbps for data communication, consumer, and industrial interconnect markets [4] - The company's high-speed copper cable business includes 25G—800G DAC/ACC/AEC, primarily used for data center interconnects, and it has recently started selling 800G high-speed active copper cables for data centers [5] - The company's active optical cables (AOC) and high-speed copper cables (DAC, ACC, AEC) series are continuously expanding, with production capacity for data communication, consumer, and industrial interconnect market products increasing by 808 million units in the first half of the year, a growth rate of 146.11%, and sales increasing by 435.47 million units, a growth of 139.34% [8] Market Performance - The company's stock price has risen significantly in the short term, with a cumulative deviation of over 30% in the closing price for three consecutive trading days from December 25 to 27, 2024, constituting a stock price anomaly [1] - The company's stock has risen over 90% in the past ten trading days, closing at 45.7 yuan per share, with a market capitalization of 13.159 billion yuan [6] Acquisition and Strategic Moves - The company plans to acquire an additional 18.16% stake in Changxin Sheng (Wuhan) Technology Co Ltd for 391 million yuan, which, if approved, will increase its total stake in Changxin Sheng to 60.45%, further consolidating control [6] - The acquisition of minority shareholder equity in Changxin Sheng is aimed at integrating resources and advantages to maximize overall value [7] - Changxin Sheng, a provider of optical communication solutions, has seen rapid profitability growth due to increased demand in data centers, consumer, and industrial interconnect markets, with a net profit of 60.3031 million yuan in 2023 and 173 million yuan from January to October this year, 2.8 times the net profit of the previous year [9] Financial Performance - The company's telecom market business has declined in 2024, but the data, consumer, and industrial interconnect market business has grown significantly, with sales revenue of 384 million yuan in the first half of the year, a year-on-year increase of 52.7%, accounting for 51.03% of total sales revenue, and a gross margin of 35.25%, an increase of 9.09 percentage points year-on-year [10]