Shijia Photons(SH:688313) Xin Lang Cai Jing·2026-02-27 11:45Core Viewpoint - Driven by the development of artificial intelligence, Shijia Photon is expected to achieve significant growth in both revenue and net profit by 2025, with revenue projected at 2.129 billion yuan, a year-on-year increase of 98.12%, and net profit at 342 million yuan, a year-on-year increase of 426.15% [1][4]. Financial Performance - Revenue for the reporting period reached 2.1289 billion yuan, up from 1.0745 billion yuan, reflecting a growth of 98.12% [2]. - Operating profit increased to 367 million yuan from 70 million yuan, marking a rise of 424.66% [2]. - Total profit rose to 362 million yuan from 68 million yuan, an increase of 431.62% [2]. - Net profit attributable to shareholders was 341.64 million yuan, up from 64.93 million yuan, showing a growth of 426.15% [2]. - Basic earnings per share increased to 0.7559 yuan from 0.1436 yuan, a rise of 426.39% [2]. - The weighted average return on net assets increased to 25.15%, up by 19.56 percentage points from the previous year [2]. Business Drivers - The growth in revenue is attributed to the rapid expansion of the data communication market driven by artificial intelligence, with increased product competitiveness and customer recognition [4]. - The company’s main business includes various core optical communication products, such as PLC optical splitters, AWG chips, and optical fiber connectors, with applications in data communication, telecommunications, and sensing markets [4]. Market Position and Product Development - As a leading company in the optical communication chip sector, Shijia Photon is focusing on high-bandwidth products, with ongoing developments in new products like CWDFB lasers for silicon optical modules [5]. - The company is expanding its overseas market presence, having established subsidiaries in the US, Singapore, and Thailand, covering multiple regions including Europe, North America, and Southeast Asia [6]. Future Outlook - The optical communication market is expected to maintain strong demand through 2026, with a notable concentration of industry resources towards leading technology firms, particularly in the area of optical-electrical co-packaging (CPO) [6]. - Continuous investment in technology and process research and development is essential for companies to keep pace with industry upgrades [6]. Acquisition Update - Shijia Photon announced ongoing progress regarding the acquisition of Fokexima, indicating that due diligence, auditing, and evaluation are still in progress, and a shareholder meeting notification will not be issued within six months following the initial board resolution [7]. Market Performance - As of the close on February 27, Shijia Photon’s stock price was 84.08 yuan per share, with a total market capitalization of 38 billion yuan [8].