EOPTOLINK(SZ:300502) Mei Ri Jing Ji Xin Wen·2025-09-05 04:16Core Viewpoint - The "Yi Zhong Tian" combination, representing three leading companies in the optical module sector—Xinyi Sheng, Zhongji Xuchuang, and Tianfu Communication—has become a focal point for investors, with Xinyi Sheng standing out due to its impressive performance in the first half of 2025 [2] Financial Performance - Xinyi Sheng reported a revenue of 10.437 billion yuan in the first half of 2025, nearly quadrupling from the same period last year, and a net profit of 3.942 billion yuan, reflecting a year-on-year growth of 355.68% [2][6] - The company's revenue for 2024 was 8.647 billion yuan, a year-on-year increase of 179.15%, with net profit soaring by 312.26% [6] Shareholder Activity - LO Jeffrey Chih, a significant shareholder, has reduced his stake for 11 consecutive quarters, dropping from 4.98% in Q3 2022 to 2.50% by Q2 2025, equating to a reduction of over 80 million yuan based on the company's market value [3][4] - In 2023, Xinyi Sheng's executives conducted 42 share reduction transactions without any increases, indicating a trend of selling among major shareholders [3][4] Market Sentiment and Stock Performance - Despite the impressive financial results, Xinyi Sheng's stock has shown a high-volume decline, with a drop of 12.4% from August 29 to September 4, 2025, following a peak price of 401.1 yuan [8] - Multiple institutions remain optimistic about Xinyi Sheng, with Goldman Sachs raising the target price to 398 yuan and Citic Securities maintaining a positive outlook for the second half of 2025 [8] Business Risks - Over 94% of Xinyi Sheng's revenue comes from overseas markets, making it vulnerable to geopolitical risks [6] - The company's accounts receivable surged to 5.017 billion yuan by mid-2025, a year-on-year increase of 225.36%, raising concerns about cash flow management [6]