Changes in Hong Kong stocks | Najun Technology (09856) rose more than 10% to hit a new high in the market position. AI optical communication full-stack digital optical modules are the main driving force for growth

The Zhitong Finance App learned that NaZhen Technology (09856) rose by more than 10%, reaching a new listing high of HK$39.5, up nearly 20% from the offering price of HK$32.96. As of press release, it rose 10.19% to HK$39.36, with a turnover of HK$479 million.

According to news, in the first half of this year, Najun Technology achieved revenue of 5.393 billion yuan, an increase of 27.9% over the previous year; profit for the period was 661 million yuan, an increase of 29.7% over the previous year. By business, optical module internal digital communication module revenue was 3.745 billion yuan, up 36.6% year on year. Mainly driven by increased demand for AI and cloud computing related applications, sales in China and overseas markets increased; optical chip revenue was 85 million yuan, a sharp increase of 424.6% year on year.

Najun Technology is a scarce full-stack solution service provider with the ability to independently develop AI interconnect optical chips and high-speed optical modules and mass produce them on a large scale. The company is one of the first manufacturers in China to successfully develop and mass-produce 800G and 1.6T optical modules. In September of this year, at the CIOE exhibition, the company released a new generation of 6.4T/3.2T NPO series products and a 12.8T XPO 8xDR8 optical module based on the LPO architecture, which achieved multiple breakthroughs in the level of single module capacity, power consumption, and autonomous control of core devices.