受益AI算力爆发，海信集团旗下光通信公司欲赴港上市

Core Viewpoint - The company Nazhen Technology, a leading player in the optical module industry, has submitted its IPO application to the Hong Kong Stock Exchange, attracting significant investor interest amid the booming AI computing power market [1][4]. Company Overview - Nazhen Technology, established in 2003 and headquartered in Qingdao, Shandong, is the fifth largest professional optical module manufacturer globally and the third largest in China [4][5]. - The company is one of the few globally that possesses both optical module and optical chip R&D and mass production capabilities, providing it with a competitive edge in product quality, cost control, and technological innovation [5]. Market Position - According to a report by Frost & Sullivan, Nazhen Technology holds a 2.9% market share in the global optical communication market, ranking fifth among professional optical module manufacturers, and a 7.2% market share in the Chinese market, ranking third [5]. - The company has experienced significant growth, achieving a revenue of 4.216 billion yuan in the first half of 2025, representing a year-on-year increase of 124%, and a profit of 510 million yuan, marking a successful turnaround [5]. Strategic Importance - As a subsidiary of Hisense Group, which holds a 48.61% stake, Nazhen Technology plays a crucial role in the group's strategic layout in the optical communication sector [4][6]. - The successful listing of Nazhen Technology on the Hong Kong Stock Exchange would enhance Hisense Group's capital market presence in the optical communication segment, filling a critical gap in its portfolio [8]. Industry Context - The optical communication industry is essential for the new generation of information technology and serves as a key infrastructure in the digital economy era [9]. - The ongoing enthusiasm for IPOs among Qingdao enterprises, including Nazhen Technology, reflects the vitality and resilience of the local industrial economy [9].