HK Stock Market Move | Nazhen Technology (09856) surged over 11% in morning trading. Nazhen Technology, backed by Hisense Group, is expected to form positive interactions with two other listed companies.

Nazhen Technology (09856) surged over 11% in morning trading. As of press time, it was up 6.66% at HK$38.1, with a turnover of HK$589 million. Public information shows that Nazhen Technology is a mature supplier of optical communications and optical connectivity products. According to Frost & Sullivan, in 2025, based on global optical module revenue, the company held a 4.0% market share, ranking fifth among all specialized optical module manufacturers globally; based on China optical module revenue, the company held a 10.1% market share, ranking third among all specialized optical module manufacturers globally. Orient pointed out that Nazhen Technology is Hisense Group's core layout in the fields of optical communications and AI computing infrastructure. As the controlling shareholder, Hisense Group Holdings not only provides the company with endorsement in capital and industrial resources, but also forms potential business interactions and technological synergies with the listed company platforms of Hisense Visual Technology and Hisense Home Appliances Group. Hisense Visual Technology, through its controlling stake in Xiamen Changelight, has positioned itself in optical chips and CPO technology, forming potential technological complementarity with Nazhen Technology's optical module business.