The leading optical module manufacturer, Eoptolink, is planning a secondary listing in Hong Kong, potentially bringing the so-called "Yi Zhong Tian" trio from the A-share market together on the Hong Kong exchange.
On the evening of June 10th, Chengdu Eoptolink Technology Inc., Ltd. (Eoptolink Technology Inc.,Ltd., 300502.SZ) announced that, in order to further enhance its capital strength, comprehensive competitiveness, and international influence, the company is in the process of planning an issuance of overseas listed foreign shares (H-shares) for a listing on the Main Board of The Stock Exchange of Hong Kong.
According to the announcement, the company convened its Fifth Board of Directors' Fourteenth Meeting on June 10, 2026, which reviewed and passed the "Proposal on the Company's Issuance of H-Shares and Listing on The Stock Exchange of Hong Kong Limited." This H-share issuance and listing matter still requires submission to the company's shareholders' meeting for approval, as well as filing with the China Securities Regulatory Commission and obtaining approval from The Stock Exchange of Hong Kong and the Hong Kong Securities and Futures Commission.
Furthermore, the board meeting reviewed and passed the "Proposal on the Company's Appointment of an Audit Firm for the H-Share Issuance and Listing," agreeing to appoint KPMG Hong Kong as the audit firm for the H-share issuance and listing, and agreeing to submit this matter to the company's shareholders' meeting for consideration.
In the A-share market, the three leading optical module stocks—Eoptolink, Zhongji Innolight (300308.SZ), and TFC Optical Communication (300394.SZ)—are colloquially referred to by investors as the "Yi Zhong Tian" combination.
It is worth noting that as early as April of this year, market rumors had already circulated regarding Eoptolink's consideration of a Hong Kong listing, to which the company did not publicly respond at the time. Prior to Eoptolink's move, both Zhongji Innolight and TFC Optical Communication had already been planning their own Hong Kong listings.
Regarding progress, Zhongji Innolight had already announced in November 2025 that it authorized the company's management to initiate preparatory work for an overseas share issuance (H-shares) and listing on The Stock Exchange of Hong Kong. TFC Optical Communication announced in April 2026 that it had submitted an application to The Stock Exchange of Hong Kong on April 10th for the issuance of overseas listed shares (H-shares) and a listing on the Main Board, and had published the application materials for this issuance and listing on the Hong Kong exchange's website on the same day.
Additionally, on the evening of the 10th, Eoptolink also announced that the board meeting had reviewed and passed the "Proposal on Continuing to Conduct Foreign Exchange Hedging Business." It agreed that the company and its consolidated subsidiaries may hold foreign exchange hedging contracts with a maximum value not exceeding RMB 10 billion or its equivalent in foreign currency on any given trading day. This authorization is valid for 12 months from the date of approval by the shareholders' meeting, and the quota can be reused within the authorized period. If the term of any single transaction exceeds the authorization period, the authorization period will be automatically extended until the termination of that transaction.
The announcement stated that as the company's international operations become more diversified and the currencies used in daily business activities increase, coupled with the influence of international political and economic uncertainties, foreign exchange market fluctuations have become more frequent. Conducting foreign exchange hedging business is primarily aimed at effectively reducing risks associated with foreign exchange market fluctuations, such as exchange rate volatility, preventing the adverse impact of significant exchange rate fluctuations on the company, and enhancing the company's ability to manage risks related to foreign exchange volatility.
Information from the company's official website shows that Eoptolink was founded in Chengdu in 2008 and was certified as a National High-Tech Enterprise in 2010. It is a leading provider of optical module solutions and services. The company has consistently focused on the research, development, production, and sales of a wide variety of high-performance optical modules and optical devices. Its products are widely used in data centers, telecommunications networks (FTTx, LTE, and transmission), security surveillance, smart grids, and other ICT industries. The company offers over 3,000 products, strictly adhering to international standards such as TUV, CE, UL, FCC, FDA, RoHS, REACH, and EMC. Its products serve over 300 customers from more than 60 countries and regions worldwide. Eoptolink was listed on the Shenzhen Stock Exchange in 2016.
Regarding performance, benefiting from a significant increase in market demand for high-speed optical module products, Eoptolink achieved a leap in growth in its performance last year. In 2025, the company achieved operating revenue of RMB 24.842 billion, a year-on-year increase of 187.29%; net profit attributable to shareholders was RMB 9.532 billion, a year-on-year increase of 235.89%.
Entering the first quarter of 2026, the company continued its high-growth trend, achieving operating revenue of RMB 8.338 billion during the period, a year-on-year increase of 105.76%; net profit attributable to shareholders was RMB 2.780 billion, a year-on-year increase of 76.80%. In its first-quarter report, the company attributed the substantial revenue growth primarily to continued growth in computing power investments by end customers during the reporting period, leading to a significant year-on-year increase in sales revenue.
According to DZH VIP data, as of the close on June 10th, Eoptolink's shares were quoted at RMB 772.50 per share, down 1.68%, with a total market capitalization of RMB 769.3 billion. The stock has accumulated a gain of 79.28% since the beginning of the year.
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