ZHONGJI INNOLIGHT(SZ:300308) Hua Xia Shi Bao·2026-01-24 06:57Core Insights - The active equity public funds have seen a significant shift in their top holdings, with Zhongji Xuchuang surpassing Ningde Times to become the largest holding, indicating a transition in investment focus from new energy to AI hardware [2][3][10] Group 1: Company Performance - Zhongji Xuchuang's market capitalization reached 825.40 billion yuan, while Ningde Times held a market cap of 818.28 billion yuan, indicating a close competition for the top position [2] - Zhongji Xuchuang's stock price surged from 70 yuan to 585 yuan within nine months, reflecting a sevenfold increase and a total market value nearing 650 billion yuan [7][9] - The company reported a revenue of 14.79 billion yuan in the first half of 2025, a year-on-year increase of 36.95%, and a net profit of 3.995 billion yuan, up 69.40% [9] Group 2: Market Trends - The shift in top holdings reflects a broader trend where institutional funds are reallocating from traditional sectors like new energy to emerging sectors such as AI hardware [10] - The global market for Ethernet optical modules is projected to grow significantly, with a forecasted increase of 35% to 18.9 billion USD in 2026, driven by the demand for data center infrastructure [9] Group 3: Fund Holdings - As of the end of Q4 2025, the top ten holdings of active equity funds included Zhongji Xuchuang, Ningde Times, and Xinyi Technology, highlighting the dominance of AI-related stocks [4] - Zhongji Xuchuang was held by 1,273 active equity funds, with a total holding of 135.31 million shares, representing 12.24% of its circulating shares [3][4]