The "Yi Zhong Tian" trio have all issued positive profit forecasts! On the evening of January 30th, with the release of performance forecasts from Zhongji Innolight and Eoptolink, the 2025 performance forecasts for the three A-share CPO concept leaders—Zhongji Innolight, Eoptolink, and Suzhou Tfc Optical Communication (collectively known as "Yi Zhong Tian")—are now fully disclosed. As of the market close on January 30th, the three A-share CPO leaders, Zhongji Innolight, Eoptolink, and Suzhou Tfc Optical Communication, have seen their stock prices surge by 468%, 369%, and 248% respectively over the past year. In market trading on January 30th, CPO concept stocks exploded upwards across the board, with individual stocks posting sharp gains. JPT and ZS Technology secured strong 20% limit-up gains, while Hengtong Optic-Electric and Yangtze Optical Fibre and Cable followed closely behind with 10% limit-ups. Suzhou Tfc Optical Communication was a particularly bright spot, surging nearly 17% intraday.
CPO concept stocks in the A-share market collectively surged against the broader market trend on January 30th. According to the Investment Express, strong domestic performance forecasts and catalysts from the AI industry served as crucial support for this rally in CPO concept stocks. At the individual stock level, the performance forecast released by JPT was the first to send a positive signal, with the company anticipating a significant year-on-year increase in net profit attributable to shareholders of 97.69% to 132.88% for 2025. As of January 29th, 21 A-share CPO concept stocks had disclosed their 2025 performance forecasts. Of these, 17 stocks are projected to achieve year-on-year growth in net profit (based on the upper limit of forecasts), accounting for over 80% of the group, substantially easing market concerns that had previously weighed on the sector's performance outlook.
The "Yi Zhong Tian" trio all report positive profit forecasts. Zhongji Innolight forecasts a year-on-year net profit increase of 89.50%—128.17% for 2025. Zhongji Innolight (300308.SZ) announced that it expects its net profit attributable to shareholders in 2025 to be between 9.8 billion and 11.8 billion yuan, representing a year-on-year increase of 89.50% to 128.17%. During the reporting period, benefiting from strong investment in computing infrastructure by end customers, the company experienced rapid growth in product shipments, with the proportion of high-speed optical modules continuing to rise. Furthermore, continuous optimization of product solutions and improved operational efficiency contributed to significant growth in both revenue and net profit compared to the same period last year. At the close on January 30th, Zhongji Innolight's stock price rose 5.73% to 649 yuan per share, giving it a total market capitalization of 721.1 billion yuan. The stock's daily trading volume has frequently ranked first in the A-share market. Over the past year, the stock has accumulated a gain of 397.5%.
Eoptolink forecasts a year-on-year net profit increase of 231%—249% for 2025. Eoptolink (300502.SZ) announced that it expects its net profit attributable to shareholders in 2025 to be between 9.4 billion and 9.9 billion yuan, representing a year-on-year increase of 231.24% to 248.86%. During the reporting period, driven by sustained growth in computing investment and rapidly increasing demand for high-speed products, the company saw a substantial rise in both sales revenue and net profit. The consensus analyst forecast for its fourth-quarter net profit was 2.669 billion yuan, indicating that its actual performance exceeded expectations. At the close on January 30th, Eoptolink's stock price rose 6.74% to 419.49 yuan per share, resulting in a total market capitalization of 417 billion yuan. Over the past year, the stock price has surged by nearly 368%.
Suzhou Tfc Optical Communication forecasts a year-on-year net profit increase of 40%—60% for 2025. Suzhou Tfc Optical Communication (300394.SZ) had already released its 2025 performance forecast on the evening of January 21st, projecting a net profit attributable to shareholders of 1.881 billion to 2.150 billion yuan, a year-on-year increase of 40.00% to 60.00%. Regarding the reasons for the profit growth, the announcement cited the accelerated development of the artificial intelligence industry and global data center construction, which drove sustained and stable growth in demand for high-speed optical device products. Coupled with the company's ongoing efforts in smart manufacturing to reduce costs and increase efficiency, these factors collectively boosted revenue growth for both its active and passive product lines. On the other hand, the company was affected by foreign exchange losses during the reporting period, leading to a year-on-year increase in financial expenses, which had a certain negative impact on the current period's performance growth. In terms of stock performance, Suzhou Tfc Optical Communication's shares gained 215.3% last year, and the upward trend has continued this year, with the stock rising over 20% in January alone. At the close on January 30th, Suzhou Tfc Optical Communication's stock price surged 10.91% to 248.43 yuan per share, giving it a total market capitalization of 193.1 billion yuan. Over the past year, the stock price has accumulated a gain of nearly 247%.
A CITIC Securities research report suggests that, although the visibility for large-scale commercial adoption of AI applications remains limited currently, looking ahead over the next 3 to 6 months, with intensive catalysts from the deployment of inference-side AI applications combined with ongoing iterations in training-side models, computing power demand is expected to rise further. Once the upcoming US earnings season confirms this demand for computing power, concerns over a "computing power bubble" that have previously suppressed sentiment and valuations in the computing power sector are likely to ease temporarily, potentially paving the way for a new round of gains in the computing power industry chain.
AI welcomes a variety of positive catalysts. According to the Investment Express, a flurry of positive news from the AI industry has further ignited market enthusiasm. Domestically, the DeepSeek-OCR2 model, Moonshot AI's KimiK2.5 large model, and Alibaba's flagship reasoning model Qwen3-Max-Thinking have been released successively; just a week ago, Baidu's native full-modality large model, ERNIE 5.0 official version, was also launched. In overseas markets, the AI agent MoltBot (formerly Clawdbot) has gained explosive popularity across the internet, with some market views likening it to a "ChatGPT moment" for 2026, further strengthening market expectations for the AI industry's development prospects. Information revealed by Foxconn Industrial Internet during institutional research more directly reflects the strong momentum of AI computing power demand. Financial reports and business adjustments from overseas tech giants provide significant external catalysts. US tech giants Meta and Microsoft both explicitly stated in their latest earnings reports that the tight supply situation for AI computing power is expected to persist throughout 2026. Market research institutions and brokerages have issued positive forecasts for the prospects of the computing power industry chain. The latest report from CignalAI indicates that, driven by AI-powered data center and transmission network construction, revenue from the data center optical module market in 2025 is projected to exceed $18 billion, with coherent optical module revenue nearing $6 billion; by 2029, the market size for data center optical modules of 400G and above is expected to approach $30 billion.
What is your outlook for the CPO sector's future performance? Share your thoughts in the comments! (Disclaimer: The article content is for reference only and does not constitute investment advice. Investors who act on this information do so at their own risk.)
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