New Stock News: Cig Shanghai (603083.SH) through hearing at the Hong Kong Stock Exchange, the company is developing immersive liquid-cooled optoelectronic devices.

According to the disclosure from the Hong Kong Stock Exchange on October 12th, Shanghai Cig Shanghai Co., Ltd. (referred to as Cig Shanghai) has conducted its listing hearing on the main board of the Hong Kong Stock Exchange, with GUOTAI JUNAN I as its exclusive sponsor. Cig Shanghai (603083.SH) is already listed on the Shanghai Stock Exchange. Based on data from Frost & Sullivan, Cig Shanghai ranks fifth in the global Optical and Wireless Connectivity Devices (OWCD) industry by sales revenue in 2024, with a market share of 4.1%. According to the prospectus, Cig Shanghai is mainly engaged in the design, development, and sales of connectivity and data transmission devices. During the historical period, the company generated revenue mainly from the sale of broadband, wireless, and optical module technology products. According to Frost & Sullivan, the company is one of the few companies that offer these three types of technology products to global customers. During the historical period, revenue from overseas markets accounted for 82.9%, 89.3%, 92.6%, and 94.0% of the total revenue of the company. In addition to its China operations, the company also has joint headquarters established in the United States, overseas research and development centers in the United States and Japan, overseas sales offices in the United States and Italy, and overseas manufacturing bases in the United States, Germany, and Malaysia. In terms of optical module products, Cig Shanghai's product portfolio covers interconnect speeds of 100G, 400G, 800G, and 1.6T, and is compatible with a wide range of industry-standard packaging forms. The company is one of the first companies globally to deploy 800G and 1.6T optical module products. The groundbreaking research in silicon photonic modules allows the company to achieve high transmission rates at low cost, where power consumption is crucial to supporting computational power's exponential growth. Cig Shanghai is also advancing Linear Pluggable Optics (LPO) technology, which features low power consumption, low latency, and high performance, making it an ideal choice for artificial intelligence models and data centers. Additionally, the company is developing immersion-cooled optoelectronic devices to improve server efficiency and thermal management. Furthermore, Cig Shanghai is committed to packaging Laser and Silicon Optical Module Engines (ELS, external light sources) through Co-Packaged Optics (CPO) technology, integrating network and optical engines into a single slot, significantly reducing signal transmission distances and latencies, making it an ideal choice for artificial intelligence training and reasoning. Financially, for the six months ended June 30th in 2022, 2023, 2024, and 2025, the company's revenue was approximately RMB 3.784 billion, RMB 3.085 billion, RMB 3.65 billion, and RMB 2.034 billion, respectively; during the same period, the annual net profit was approximately RMB 171 million, RMB 94.965 million, RMB 167 million, and RMB 118 million, respectively.