On May 12, 2026, the share price of optical module leader Zhongji Innolight Co.,Ltd. broke through the 1000 yuan per share integer mark during the trading session, reaching a high of 1008.44 yuan. This makes it the second stock in the history of the Growth Enterprise Market (GEM) to reach 1000 yuan, following Imeik Technology Development Co., Ltd., and the tenth such stock in the history of the A-share market. At the close, Zhongji Innolight was quoted at 1017.99 yuan per share, up 8.28%, with a total market capitalization of approximately 1.13 trillion yuan, becoming the first trillion-yuan market cap enterprise in the global optical module industry. The company's stock price has surged 1388% since its low of 67.2 yuan per share on April 9, 2025. In 2025, the company achieved revenue of 38.24 billion yuan, a year-on-year increase of 60.25%; net profit attributable to shareholders was 10.797 billion yuan, a significant year-on-year increase of 108.78%, marking the first time its profit exceeded the 10-billion-yuan mark. In the first quarter of 2026, this growth momentum accelerated further: revenue reached 19.496 billion yuan, a year-on-year surge of 192.12%; net profit attributable to shareholders was 5.735 billion yuan, a year-on-year jump of 262.28%. The single-quarter profit has already surpassed the full-year level of 2024, and the gross profit margin climbed to a historical high of 46.06%. From an industry perspective, Zhongji Innolight's share price breaking through 1000 yuan is essentially an inevitable result of the global expansion of AI computing power infrastructure. Currently, the iteration of AI large models and the penetration of their applications are driving a continuous explosion in global computing power demand. High-speed optical modules are entering a period of resonance between technological generational shifts and demand surges. In the first quarter of 2026, Zhongji Innolight remained the top holding in active equity funds, highlighting institutional investors' high recognition of the certainty of its business sector. On the technological path, Zhongji Innolight's 1.6T optical modules began shipping to key customers in the third quarter of 2025, with the pace of volume increase accelerating further from the fourth quarter. The company expects both 1.6T and 800G optical modules to see significant demand and shipments in 2026. According to Lightcounting forecasts, the global data center optical module market size is expected to reach $22.8 billion in 2026 and grow to $41.4 billion by 2030. With the continued expansion of AI computing power demand, Zhongji Innolight is expected to further consolidate its core position in the industry chain.
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