GeneTech Group Advances to Four-Digit Stock Price with 777.6% Surge Over the Past Year

Securities Times Reporter Liu Canbang

On March 20, Yuanjie Technology (688498), a popular stock in the CPO concept, broke through the 1,000 yuan per share mark, reaching a new all-time high and becoming the eighth stock in A-shares history to hit this level. During trading, Yuanjie Technology once hit the 20% daily limit, reaching 1,140 yuan per share. By the close, the stock rose 17.37%, closing at 1,114.99 yuan per share.

Looking back a year, based on the closing price on March 20, 2024, Yuanjie Technology’s stock price has increased by a total of 777.60% over the past year.

The reporter notes that in the history of A-shares, a total of seven stocks have previously or currently traded above 1,000 yuan (pre-split), including Zhong’an Technology (formerly Feile Shares), Kweichow Moutai, YunSai ZhiLian (formerly Vacuum Electronics), Cambrian, Stone Technology, Hemaike, and Aimeike.

Yuanjie Technology’s performance brief shows that in 2025, the company’s operating revenue was 601 million yuan, a year-on-year increase of 138.50%; net profit attributable to shareholders was 191 million yuan.

Yuanjie Technology stated that in 2025, the development of artificial intelligence technology continued to drive demand for optical chips. The company improved resource allocation efficiency and operational quality, with significant growth in sales of CW light source products in data centers. Meanwhile, the gross profit margin of data center products was higher than that of the telecom market, which contributed to revenue and profit growth. The telecom business segment remained generally stable.

The company explained that the revenue growth in 2025 was mainly due to increased income from data center business, which raised the proportion of overall revenue. The company’s product structure was further optimized, and the higher gross profit margin of data center products led to an increase in net profit year-over-year. Additionally, through private equity funds, the company indirectly participated in equity investments, mainly in high-tech enterprises within China’s new-generation information technology and intelligent manufacturing sectors with growth potential. As the valuation of these invested companies increased, the company realized investment gains. Furthermore, last year, government subsidies were recognized after project completion and acceptance, which also contributed to net profit.

The reporter notes that in February this year, Yuanjie Technology announced plans to invest approximately 1.251 billion yuan to build a second phase of a research and production base for optoelectronic communication semiconductor chips and devices. The project focuses on high-speed optical chips, seizing opportunities in the data center market and aligning with the demand for core optical communication components driven by digital economy development. Once completed, the project will help the company capitalize on market growth, meet increasing product demands in data center construction, and enhance order delivery stability and responsiveness.

Yuanjie Technology stated that the project leverages the company’s independent IDM process control technology and existing customer base, aiming to expand capacity and optimize processes to continuously respond to market changes, thereby increasing its market share and overall competitiveness in the global optical chip industry.

This year, Yuanjie Technology has initiated plans to list in Hong Kong. In early March, the company announced that to further promote its internationalization strategy and global layout, and to establish an international capital operation platform, enhance overseas financing capabilities, and improve its capital strength and competitiveness, it plans to issue H-shares and list on the Main Board of the Hong Kong Stock Exchange.

On March 20, stocks related to CPO and optical modules continued to rise, with besides Yuanjie Technology, stocks like Xinyi Sheng, Changguang Huaxin, Huilu Eco, and Mingpu Guangci also performing well during the trading session.

(Edited by: Wang Zhiqiang HF013)

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