EOPTOLINK(SZ:300502) Mei Ri Jing Ji Xin Wen·2025-09-05 03:16Core Viewpoint - The "Yizhongtian" combination, representing leading companies in the optical module sector, is gaining investor attention, particularly highlighted by the impressive performance of Xinyiseng (300502) in the A-share technology sector [1] Financial Performance - Xinyiseng reported a revenue of 10.437 billion yuan for the first half of 2025, nearly quadrupling from the same period last year, with a net profit of 3.942 billion yuan, reflecting a year-on-year growth of 355.68% [1][4] - The company's revenue for 2024 was 8.647 billion yuan, a year-on-year increase of 179.15%, while net profit surged by 312.26% [4] Shareholder Activity - LO Jeffrey Chih, a significant shareholder, has reduced his stake for 11 consecutive quarters, decreasing from 4.98% in Q3 2022 to 2.50% by Q2 2023, equating to a value of over 800 million yuan based on a market capitalization of 310.1 billion yuan [2] - Xinyiseng executives have conducted 42 share reduction transactions in 2023 without any increase in holdings, indicating a trend of shareholder divestment [2][3] Market Sentiment - Despite the impressive financial results, Xinyiseng's stock price has shown a downward trend, with a significant drop of 12.4% following a target price upgrade by multiple institutions [7][8] - The stock price increased from 11.62 yuan at the end of 2022 to a peak of 401.1 yuan by September 2, 2025, representing a rise of over 30 times [4] Business Risks - A high percentage of Xinyiseng's revenue, 94.47%, comes from overseas markets, making it vulnerable to geopolitical risks [5] - Accounts receivable have surged, reaching 5.017 billion yuan by mid-2025, a year-on-year increase of 225.36%, which is concerning compared to the revenue growth rate [6]