Shijia Photons(SH:688313) Chang Jiang Shang Bao·2025-06-30 00:22Core Viewpoint - The company Shijia Photon (688313.SH) is advancing its acquisition of Dongguan Fokexima Communication Technology Co., Ltd. to enhance control and integration efficiency in the optical communication industry [3][6]. Group 1: Acquisition Details - Shijia Photon plans to acquire controlling interest in Fokexima through a combination of issuing shares and cash payments, while also raising matching funds [4]. - The company previously acquired 53% of Fokexima for a total price of 326 million yuan, valuing the entire company at 615 million yuan [5]. - This acquisition aims to secure the supply chain for core optical communication components, as Fokexima holds a 60% market share in MT connectors, which are critical for high-density fiber optic connectors [5]. Group 2: Financial Performance - Shijia Photon has shown significant improvement in profitability, with a net profit growth of 1003.78% in Q1 2025, surpassing the total net profit for the entire year of 2024 [8]. - The company's revenue for Q1 2025 increased by 120.57% to 436 million yuan, continuing a trend of high growth over the past five quarters [8]. - The company’s revenue and net profit figures for previous years indicate a recovery from a downturn in 2023, with 2024 showing a 42.40% revenue increase and a net profit of 65 million yuan, a 236.57% year-on-year growth [7][8].