On the evening of September 9, 2025, global optoelectronic device leader Accelink Technologies Co.,Ltd. unveiled a significant private placement plan, proposing to issue shares to specific investors to raise no more than 3.5 billion yuan. Of this amount, 2.083 billion yuan will be allocated to expanding production capacity for computing center optical connections and high-speed optical transmission, 617 million yuan for research and development of high-speed optical interconnection and emerging optoelectronic technologies, and the remaining 800 million yuan to supplement working capital. This move is viewed as a strategic positioning by the company to capitalize on the AI computing power boom and consolidate its industry-leading position.
**Capacity Expansion: 4.99 Million High-Speed Optical Modules Annual Production to Fill Industry Gap**
According to the plan, Accelink Technologies intends to construct 96,800 square meters of new factory buildings and supporting facilities in Wuhan East Lake, purchase advanced production equipment, and establish annual production capacity of 4.992 million high-speed optical modules, 140,000 ultra-wideband amplifiers, 32,000 coherent products, 1.92 million high-density new connectors, and 6,400 optical switches.
This layout directly addresses industry pain points. As global AI large model training drives exponential growth in computing power demand, the need for 400G/800G high-speed optical modules used in data communications has surged dramatically. Accelink Technologies' access and data business revenue reached 3.715 billion yuan in the first half of 2025, surging 149% year-over-year and accounting for 71% of total revenue.
**Capital Injection: Controlling Shareholder's 30% Subscription Ratio Demonstrates Confidence**
Notably, Accelink Technologies' controlling shareholder, China Information and Communication Technology Group, plans to subscribe for 10%-30% of this private placement shares with cash, providing financial support for the projects. This arrangement both alleviates the company's cash flow pressure and sends positive signals to the market. Data shows that Accelink Technologies' net cash flow from operating activities plummeted 161.03% year-over-year to -641 million yuan in 2024, and remained at -107 million yuan in the first half of 2025, with the working capital gap continuing to expand.
**Industry Opportunities: $20 Billion Market Space Awaits Development**
Global computing power scale expansion brings historic opportunities for Accelink Technologies. According to Light Counting forecasts, the Ethernet optical module market size will exceed $20 billion by 2029, with high-speed products accounting for over 60%. As the only domestic enterprise with full industrial chain coverage of optical chips, devices, and modules, Accelink Technologies has achieved mass production and shipment of 400G optical modules and entered the supply chain of North American cloud giants. Overseas revenue in the first half of 2025 grew 24.39% year-over-year to 1.309 billion yuan.
Note: This article incorporates AI-generated content. The views expressed do not constitute investment advice and are for reference only. Markets carry risks, and investment requires caution.
Comments