AI光模块黑马赴港IPO：海光芯正营收三年翻8倍，尚未盈利

Core Viewpoint - Beijing Haiguang Chip Technology Co., Ltd. (referred to as "Haiguang Chip") has submitted its prospectus to the Hong Kong Stock Exchange, with Huatai International as the exclusive sponsor. The company specializes in optical interconnect products, which are widely used in AI data centers for high-speed, high-density, and energy-efficient data transmission [2]. Financial Performance - Haiguang Chip's revenue for the years 2022 to 2024 is projected to grow significantly, with figures of RMB 103 million, RMB 175 million, and RMB 862 million respectively, indicating an eightfold increase over three years [2][3]. - The company reported losses of RMB 60.2 million, RMB 109 million, and RMB 17.8 million for the same years, showing a trend of increasing revenue but persistent losses [2][3]. - In the first half of 2025, Haiguang Chip achieved revenue of RMB 698 million, a year-on-year increase of 164%, while the loss for the period was RMB 34.85 million, compared to a loss of RMB 27.68 million in the same period the previous year [2]. Market Position - According to Frost & Sullivan, Haiguang Chip ranks tenth among global professional optical module providers based on 2024 revenue and is the fastest-growing company among the top ten providers from 2022 to 2024 [2]. - The company ranks sixth and fifth among global and Chinese professional AI optical module providers, respectively, based on projected 2024 revenue [2].