New stock news | Sunrise Technology passes the hearing of the Hong Kong Stock Exchange "Hong Kong's first AI silicon light chip stock" is ready to burst.

According to the disclosure on April 12 by the Hong Kong Stock Exchange, Shanghai Xizhi Technology Co., Ltd. (referred to as Xizhi Technology) has passed the listing hearing on the main board of the Hong Kong Stock Exchange, with CICC and Guotai Haitong as its joint sponsors. The story of Xizhi Technology began in 2017 when the company's founder, Dr. Shen Yichen, published a cover paper as the first author in "Nature Photonics", verifying for the first time the feasibility of using light for computation. With this scientific breakthrough, Xizhi Technology has transformed cutting-edge research results into engineering capabilities and product advantages, developing multiple technologies and turning them into products and solutions. Since its establishment, Xizhi Technology has built a portfolio of products and solutions centered around optical interconnection and optical computing, supported by self-developed optoelectronic hybrid chip technology, providing scalable and cost-effective solutions. The company's technology features low latency, high throughput, and low power consumption, aimed at enhancing computing performance and sparking a new wave of innovation. According to Frost & Sullivan data, Xizhi Technology is the world's first company to achieve large-scale deployment of optoelectronic hybrid computing power. By the end of 2025, the company had successfully deployed optical interconnection solutions to three thousand-calorie GPU clusters and engaged in over 15 design import collaborations with GPU and server manufacturers. Xizhi Technology's core competitiveness lies in its three independently developed chip technologies: on-chip optical network (oNOC), inter-chip optical network (oNET), and photonic matrix computing (oMAC). These technologies directly address industry bottlenecks such as the "memory wall" and "power wall" faced by traditional electronic computing. As of March 23, 2026, the company has accumulated a total of 410 patents (including granted and pending), with over 50% of the patents applicable to optical interconnection and optical computing. It is worth noting that the two major tracks laid out by Xizhi Technology are on the verge of an explosion. According to Frost & Sullivan data, the Chinese Scale-up optical interconnection market is expected to soar from 5.7 billion yuan in 2025 to 180.5 billion yuan in 2030, with a compound annual growth rate of 99.6%. In addition, the optical computing product market is expected to increase from 63.7 million yuan in 2025 to 1.462 billion yuan in 2030, with a compound annual growth rate of 87.2%. Looking further ahead, from 2031 to 2036, the market size is expected to further expand from 2.546 billion yuan to 34.759 billion yuan, with a compound annual growth rate of 68.7%. In terms of competitive landscape, Xizhi Technology has established a leading advantage. According to Frost & Sullivan data, in 2024 and 2025, Xizhi Technology's optical computing chip cumulative shipments ranked first globally; and according to the prospectus, in 2025, Xizhi Technology's revenue ranked first among independent Scale-up optical interconnection solution providers in China, with a market share of approximately 88.3%. Xizhi Technology's market position is gradually being established. Financially, the prospectus shows that from 2023 to 2025, Xizhi Technology's operating income was 38.235 million yuan, 60.191 million yuan, and 106 million yuan respectively, showing a rapid growth trend. Among them, optical interconnection solutions contributed the main income, with Scale-up products becoming the core of growth, increasing from 47.019 million yuan in 2024 to 75.582 million yuan in 2025. With the expansion of income, the company's profit foundation continues to improve. From 2023 to 2025, gross profit increased from 23.2 million yuan to 41.47 million yuan, steadily expanding in scale. At the same time, the proportion of R&D expenses to total revenue decreased from 734.8% to 450.4%, demonstrating a significant improvement in R&D efficiency. Overall, the company is gradually transitioning from a period of pure investment to a commercialization stage where investment and output run in parallel.