EOPTOLINK(SZ:300502) Tai Mei Ti A P P·2025-10-10 08:35Core Viewpoint - New Yi Sheng (300502.SZ), a leading optical module company, has announced a significant share transfer by its controlling shareholder, Gao Guangrong, who sold 11.43 million shares at 328 CNY per share, raising approximately 3.749 billion CNY, indicating a trend of major shareholders reducing their stakes amid market volatility [2][3][4]. Company Summary - Gao Guangrong's share transfer represents 1.15% of the total share capital, with the transfer price exceeding 70% of the average stock price over the previous 20 trading days [2][3]. - The share transfer was fully subscribed by 16 institutional investors, with a total subscription amounting to 29.26 million shares, resulting in a subscription ratio of 2.6 times [4]. - Following this transfer, Gao Guangrong's ownership will decrease from 7.39% to 6.24%, potentially changing his status from the largest shareholder to the second largest, as he will fall below the holding percentage of the second-largest shareholder, Huang Xiaolei [4]. Industry Context - The optical module sector, particularly the CPO segment, has seen a significant increase in volatility, with major shareholders from the "Yi Zhong Tian" trio (including Zhongji Xuchuang and Tianfu Communication) also engaging in substantial share reductions, totaling 2.301 billion CNY in the current year [7][8]. - Despite the share price adjustments, the fundamental business indicators for optical module companies remain strong, supported by increased capital expenditures from major clients like Nvidia, Google, Meta, Amazon, and Microsoft [8][13]. - The overall market sentiment is shifting, with concerns about high valuations leading to increased selling pressure from major shareholders, indicating a potential shift in the investment landscape for the optical module industry [7][8].