中际旭创筹划H股上市

Core Viewpoint - The company Zhongji Xuchuang has announced plans to initiate the process for issuing H-shares and listing on the Hong Kong Stock Exchange to enhance its international strategy and financing capabilities, following a significant increase in its stock price and market capitalization this year [1][2]. Group 1: Company Developments - On November 10, the company held a board meeting where it approved the proposal to start preparations for the H-share issuance and listing [1]. - The company’s stock price reached 468.05 yuan per share, with a total market capitalization exceeding 520 billion yuan, reflecting a year-to-date increase of over 280% [1]. - The board has authorized the management to begin the preparatory work for the H-share listing, with a timeframe of 12 months from the approval date [1]. Group 2: Financial Performance - For the first three quarters of 2025, the company reported revenue of approximately 25.005 billion yuan, a year-on-year increase of 44.43%, and a net profit of about 7.132 billion yuan, up 90.05% year-on-year [2]. - The growth in revenue and profit is attributed to increased sales of high-end optical modules driven by the expansion of computing infrastructure and capital expenditures [2]. Group 3: Industry Outlook - The optical module industry is experiencing rapid growth due to rising demand from overseas clients, particularly in AI data centers, with clear demand guidance for 2025-2026 [3]. - The company has seen a continuous increase in orders for 800G modules since the first quarter, with expectations for sustained growth in shipments [3]. - The company is preparing for large-scale orders of 1.6T modules, with significant customer deployments anticipated in the coming quarters [3].