Yuanjie Semiconductor Technology (SH:688498) Chang Jiang Shang Bao·2025-11-21 08:15Core Viewpoint - Yuanjie Technology (688498.SH), the second highest-priced stock on the Sci-Tech Innovation Board, has initiated plans for a Hong Kong listing to accelerate its international strategy and enhance its brand image and capital strength [2]. Group 1: Company Overview - Yuanjie Technology focuses on the optical chip industry, specializing in the research, design, production, and sales of optical chips, which are primarily used in telecommunications, data centers, and automotive LiDAR markets [2]. - The company was listed on the Sci-Tech Innovation Board in December 2022 [2]. Group 2: Financial Performance - In the first three quarters of 2025, Yuanjie Technology achieved operating revenue of 383 million yuan, a year-on-year increase of 115.09%, and a net profit attributable to shareholders of 106 million yuan, a staggering increase of 19,348.65% [3]. - The company's net profit growth rate is the highest among Sci-Tech Innovation Board listed companies and second among all A-share listed companies [3]. - Quarterly breakdown shows operating revenues of 84.4 million yuan, 121 million yuan, and 178 million yuan, with year-on-year growth rates of 40.52%, 100.6%, and 207.31% respectively [3]. Group 3: Business Segments - The significant growth in revenue is attributed to the increasing demand for CW silicon photonic light source products in the data center market, which has a high gross margin [4]. - In the first half of 2025, the telecommunications market revenue decreased by 8.93% to 99.87 million yuan, while revenue from the data center and other businesses surged by 1,034.18% to 105 million yuan [4]. Group 4: International Business - Currently, Yuanjie Technology's overseas business is relatively small, with revenue of 237,400 yuan in 2024, a year-on-year increase of 28.52%, and 255,600 yuan in the first half of 2025 [4].