Shijia Photons(SH:688313) Ge Long Hui·2025-05-16 04:04Core Viewpoint - The stock of Shijia Photon has experienced significant growth following a period of decline, with a notable increase in revenue and net profit driven by the demand for AI computing power in the optical communication industry [1][5][14]. Company Performance - Shijia Photon reported a revenue of 436 million yuan in Q1, representing a year-on-year increase of 120.57%, and a net profit of 93.19 million yuan, up 1003.79% compared to the previous year [5][6]. - The company's stock price has surged over 126% since April 9, 2023, and has increased by 279% from September 24, 2023, indicating a strong recovery after a prolonged decline [14]. Business Segments - The main business segments of Shijia Photon include optical chips and devices, indoor optical cables, and cable materials, with optical chips becoming the core revenue driver [5][7]. - In Q1, the revenue from optical chips and devices was 606 million yuan, accounting for 56.43% of total revenue, while cable materials and indoor optical cables contributed 231 million yuan and 219 million yuan, respectively [7][8]. Market Outlook - The optical communication chip market is projected to grow significantly, with an estimated compound annual growth rate (CAGR) of 17% from 2025 to 2030, potentially reaching over 11 billion USD by 2030 [17]. - Analysts are optimistic about Shijia Photon’s growth potential, with forecasts indicating substantial increases in net profit over the next few years, reaching 382 million yuan in 2025 and 713 million yuan in 2027 [18][19]. International Expansion - Shijia Photon is expanding its production capacity in Thailand, with ongoing construction of a production base and plans for investment of up to 50 million USD to support the establishment of an industrial park [10][11].