Kechuan Technology hits a new high! Silicon photonics concept is booming (list)

In the past week (January 23 to 29), 180 individual stocks received institutional research coverage, with Jingzhida having the highest number of research institutions covering it.

Jingzhida was researched by 171 institutions in the past week. During the research, Jingzhida stated that the order of over 1.3 billion yuan is a high affirmation of the market’s long-term investment in the company. This is not only an important breakthrough in order value but also fully verifies the correctness of the company’s technical route and the stability of its market position; in the current environment of tight international supplier delivery times, this order is a direct reflection of the acceleration of domestic substitution, highlighting the company’s core competitiveness in the domestic supply chain.

Jingzhida also pointed out that semiconductor testing equipment is an important foundation for the development of the AI industry. Currently, frontier technology iteration and terminal innovation are continuously driving market expansion. The company is keeping pace with the industry’s expansion wave by optimizing capacity allocation and deepening industrial ecological collaboration to meet market growth demands. With independent and controllable core technology, a comprehensive product line, and successful breakthroughs with key clients, the company is full of confidence in its development prospects through 2026 and the medium to long term.

From a market performance perspective, the stocks researched by institutions in the past week have averaged a decline of nearly 1.8% within the month. Stocks such as Hasen Co., Runtu Co., and Kechuan Technology have all increased by over 30%.

Runtu Co. stated during research that the prices of dye products are determined by market supply and demand and raw material prices. The company’s dye product prices follow market trends, adopting a price-following strategy. Due to recent increases in raw material prices, the price of dispersive dye black has recently risen by about 1,000 yuan per ton.

Kechuan Technology (603052) has recently hit multiple historical highs. The company stated that Kechuan Photonics, as a new entrant and latecomer in the industry, indeed faces increasingly fierce competition in the optical module market. Currently, many domestic and international module and component manufacturers occupy major market shares, but the entire industry is still in a phase of rapid development and continuous technological updates. Since its founding, Kechuan Photonics has focused on the design and R&D of high-speed silicon photonic chips, committed to providing downstream customers with solutions that are lower in power consumption, lower in cost, and higher in speed. It believes that in the wave of continuous advancement in the optical communication industry, it can carve out its own differentiated path.

The sharp rise in Kechuan Technology’s stock price is mainly due to its association with the optical communication concept. In fact, this week, optical communication concept stocks experienced widespread gains. For example, Changfei Fiber and Tianfu Communication each rose over 30% in a week, while Tongding Interconnection, Hengtong Optoelectronics, and Taichen Optoelectronics each increased by over 20%.

The major surge in the optical communication concept is mainly influenced by two positive news items: first, the rapid increase in global fiber optic prices; second, the increasingly clear trend of the silicon photonics industry. It is reported that NVIDIA has incorporated silicon photonics and CPO into its technological blueprint and has announced 2026 as the “Silicon Photonics Commercialization Year,” with the market generally expecting 2026 to be a critical turning point for large-scale commercial use.

Aide Securities’ research report pointed out that, according to Fortune Business Insights, the global silicon photonics market was valued at $2.69 billion in 2024, with projections of $3.27 billion in 2025 and $15.83 billion by 2032, with a compound annual growth rate of 25.3% during the forecast period. Looking ahead, silicon photonics technology will not only reshape the infrastructure of data centers and communication networks but also potentially lead the paradigm shift in information technology from “electric-centric” to “optical-electronic integration.” As technology matures and costs decrease, silicon photonics is expected to capture 50% of the data center optical module market around 2030, laying a solid foundation for building a truly efficient, intelligent, and sustainable digital society.

According to data from Data Treasure, more than 20 optical communication concept stocks have been rated by institutions. Specifically, Zhongji Xuchuang has the highest number of 30 institutional ratings. Zhongyuan Securities’ research report indicated that the company’s silicon photonics solutions have been recognized and validated by key clients, and the proportion of silicon photonics in 800G and 1.6T products is expected to continue increasing.

Additionally, searching for keywords related to silicon photonics shows that stocks such as Hengdong Optical, Yuanjie Technology, Guangliwei, and Luobote have all been mentioned in research reports regarding related businesses. Founder Securities pointed out that Hengdong Optical is a scarce target in passive optical devices, with forward-looking deployment in CPO/silicon photonics devices and other advanced directions, with rapid capacity expansion and potential for further rapid development.

(Article source: Data Treasure)