据新易盛9月30日晚间公告，公司控股股东及实际控制人之一高光荣计划通过询价转让方式转让1143.07万股，占公司总股本的1.15%，转让原因为自身资 金需求。 根据拟转让价格和转让股份计算，高光荣本次拟转让股份市值为37.49亿元。 新易盛是A股市场去年以来的大牛股，从去年4月初的46.56元一度涨至今年9月初的401.10元，并不断创新高，期间涨幅约7.61倍，目前市值为3490亿 元。截至10月9日收盘，新易盛报351.15元/股，询价转让价格较收盘价折价6.6%。 新易盛（300502）10月9日晚间公告，根据2025年10月9日询价申购情况，公司股东高光荣的询价转让初步定价为328.00元/股。参与报价及申购的机构投 资者家数为29家，有效认购股份数量为2926万股，对应的有效认购倍数为2.6倍。本次询价转让拟转让股份已获全额认购，初步确定受让方为16家机构投 资者，拟受让股份总数为1143.07万股。 2020年，高光荣以26亿元身家登上《胡润百富榜》。若以10月9日收盘价351.15元计算，高光荣身家约为258亿元。 资料显示，新易盛2016年3月登陆深交所创业板。公司专业从事光模块的研发及制造， ...

Core Viewpoint - The stock price of Changxin Bochuang (300548) continues to rise, with a significant increase of 18.84% on August 28, closing at 160.04 yuan per share, following the announcement of its 2025 semi-annual report [1]. Financial Performance - In the first half of the year, the company achieved operating revenue of 1.199 billion yuan, a year-on-year increase of 59.54% [1]. - The net profit attributable to shareholders reached 168 million yuan, up 1121.21% year-on-year [1]. - The net profit after deducting non-recurring gains and losses was 162 million yuan, reflecting a growth of 1475.2% [1]. - The net cash flow from operating activities was 297 million yuan, an increase of 256.76% year-on-year [1]. Business Segments - In the telecommunications market, the company generated operating revenue of 221 million yuan, a decrease of 39.66% year-on-year, with a gross margin of 15.94%, up 8.21 percentage points [2]. - The data communication, consumer, and industrial interconnection markets saw operating revenue of 976 million yuan, a year-on-year increase of 154.37%, with a gross margin of 45.65%, up 10.40 percentage points [2]. - Despite a 13.04% increase in production capacity for the telecommunications market, the output decreased by 18.20% and sales volume dropped by 22.57% due to a slowdown in demand [2]. Research and Development - The company maintained a strong focus on R&D, with expenditures of 56.18 million yuan, accounting for 4.68% of operating revenue [3]. - Ongoing upgrades for PON optical module products and the completion of design for MEMS-based optical switch devices were reported, applicable in 400G/800G and coherent optical modules [3]. - New products, including the 1.6T AEC and silicon photonics-based single-channel 400G QSFP112 modules, were developed, enhancing the company's product portfolio in consumer and industrial interconnection [3]. Market Performance - Changxin Bochuang has emerged as a strong performer in the A-share market, with a maximum stock price increase of 5 times since the second quarter of this year [3]. - As of August 28, the company's market capitalization reached 46.5 billion yuan [3].

Financial Performance - The company reported a significant revenue increase of 59.54% year-on-year, reaching 1.2 billion yuan, primarily driven by the data communication, consumer, and industrial interconnection markets [1][5] - Net profit surged by 1,121.21% year-on-year to 168 million yuan, with a net profit margin of 14.02% [2][5] - The gross margin improved to 40.19%, an increase of 18.07 percentage points compared to the previous year [5][6] Core Business Progress - The data communication business became the growth engine, with revenue from this segment reaching 976 million yuan, a year-on-year increase of 154.37%, and its revenue share rising to 81.36% [1][5] - Traditional telecom market revenue declined by 39.66% year-on-year to 221 million yuan, reducing its share to 18.46% [1][5] Strategic Developments - The company completed the acquisition of an 18.16% stake in Changxin Sheng for approximately 391 million yuan, increasing its ownership from 42.29% to 60.45%, enhancing control over its data communication business [3] - The Chengdu Rongbo Communication Park commenced production in June, and the company is progressing with its third-phase production base in Indonesia, establishing a global layout with four production bases [3] - Research and development expenditure remained stable at 56.18 million yuan, accounting for 4.68% of revenue, focusing on advanced products like PON optical modules and 400G modules [3][6] Cash Flow and Internationalization - Operating cash flow improved significantly, reaching 297 million yuan, a year-on-year increase of 256.76%, indicating strong cash generation capability [5][6] - Overseas revenue accounted for 61.43% of total revenue, reflecting an increased level of internationalization [5][6]