HK Stock Market Move | LIGENT (09856) surges over 13%; optical chip capacity is expected to increase significantly next year as the company transforms into an AI optical interconnect platform enterprise.

LIGENT (09856) surged over 13%, up 12.86% as of press time at HK$22.12, with turnover of approximately HK$41.2284 million. On the news front, LIGENT's optical chip factory located in Wangtai Street, Qingdao Economic and Technological Development Zone has recently completed cleanroom renovation, with core process equipment such as MOCVD being successively installed and commissioned. The company stated that the optical chip factory is expected to commence trial production and mass production in the first half of 2027. As capacity gradually ramps up, combined with existing optical chip capacity, the company's total annual optical chip capacity is expected to exceed 170 million units in 2027, which has been fully covered by customer order demand. EB SECURITIES noted, based on research findings, that the company's optical chip capacity is expected to increase significantly in 2027. The bank believes that with capacity ramp-up and the onboarding of external customers, optical chips are expected to become a new source of revenue growth. This management exchange further clarified the new overseas strategic customers and mass production timeline, the 2027-2028 optical module & optical chip capacity plans and profit improvement path. The company is transforming from a traditional optical communication product supplier into an AI optical interconnect platform enterprise with "chip + module + global manufacturing" capabilities.