源杰科技启动H股上市筹备 加快公司国际化战略及海外业务布局

Core Viewpoint - Yuanjie Technology (688498) plans to accelerate its international strategy and enhance its brand image by issuing H-shares and listing on the Hong Kong Stock Exchange [1][3] Group 1: Company Overview - Yuanjie Technology focuses on the optical chip industry, specializing in the R&D, design, production, and sales of optical chips, which are primarily used in telecommunications, data centers, and automotive LiDAR markets [1] - The company has established a comprehensive IDM (Integrated Device Manufacturer) business model, covering chip design, wafer manufacturing, processing, and testing, with multiple self-controlled production lines [1] Group 2: Financial Performance - For the first three quarters of 2025, the company achieved revenue of 383 million yuan, a year-on-year increase of 115.09%, and a net profit of 106 million yuan, marking a turnaround from losses [2] - In Q3 2025, the company reported revenue of 178 million yuan, a year-on-year increase of 207.31% and a quarter-on-quarter increase of 47.90%, with a net profit of approximately 59.64 million yuan [2] - The growth in revenue is attributed to the increasing volume of CW silicon optical source products in the data center market and the significant contribution from the high-margin data center segment [2] Group 3: Strategic Developments - The board of directors has authorized the management to initiate preparations for the H-share listing, with a 12-month authorization period from the date of board approval [3] - The H-share listing is subject to approval from the board, shareholders, and relevant regulatory bodies, including the China Securities Regulatory Commission and the Hong Kong Stock Exchange, indicating a level of uncertainty regarding its implementation [3]