Xin Hua Cai Jing·2025-11-28 10:08Core Insights - The leading companies in the A-share optical communication sector, Zhongji Xuchuang and Xinyi Sheng, have both seen their stock prices increase by over 300% year-to-date, reflecting their strong performance and the dominance of China's optical module industry in the global market [1][2]. Company Performance - Zhongji Xuchuang reported a net profit of 3.137 billion yuan for Q3 2025, a year-on-year increase of 124.98%, with Q3 revenue reaching 10.216 billion yuan, up 56.83% [2][3]. - Xinyi Sheng's net profit for the first three quarters was 6.327 billion yuan, with a staggering year-on-year growth of 284.38%, and total revenue of 16.504 billion yuan [2][3]. Market Dynamics - The growth of Zhongji Xuchuang is driven by the increasing demand for high-end products like 800G and 1.6T optical modules, supported by a rise in the penetration rate of silicon photonic modules [2][3]. - Xinyi Sheng has rapidly advanced in the high-end market, achieving a revenue growth rate of 175% and moving from seventh to third place among global optical module manufacturers [2][3]. Global Strategy - Zhongji Xuchuang employs a strategy of "technology binding with major clients and global capacity layout," with 80% of its revenue coming from overseas markets [3][4]. - Xinyi Sheng has established a "R&D in China, global production, and localized service" operational system, allowing it to respond flexibly to changes in the international trade environment [4]. Industry Outlook - The Chinese optical module market is projected to reach 60.6 billion yuan in 2024 and grow to 67 billion yuan by 2025, with a significant increase in the proportion of high-speed products [4]. - Chinese companies occupy six of the top ten positions in the global optical module market, indicating a healthy competitive landscape with leading firms like Zhongji Xuchuang and Xinyi Sheng at the forefront [4].