--- title: "【IPO Tracking】Optical module concept stocks have arrived! CREALIGHTS surged 42%, still reporting losses" type: "News" locale: "en" url: "https://longbridge.com/en/news/291083911.md" description: "CREALIGHTS was listed on the Hong Kong stock market on June 29, with the stock price opening high and rising 42.11% to HKD 162 on the first day. The company was oversubscribed, with an issue price of HKD 114, resulting in a floating profit for cornerstone investors. As a provider of optical interconnects for AI data centers, its business includes optical modules, but it remained in a loss position as of the disclosure period" datetime: "2026-06-29T02:43:52.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/291083911.md) - [en](https://longbridge.com/en/news/291083911.md) - [zh-HK](https://longbridge.com/zh-HK/news/291083911.md) --- # 【IPO Tracking】Optical module concept stocks have arrived! CREALIGHTS surged 42%, still reporting losses Recently, the Hong Kong stock market welcomed the listing of several technology stocks, with companies like ChipMOS Technologies (09630.HK) and Sanctum Technologies (03661.HK) recording significant increases on their first trading day, showcasing impressive performance. On June 29, another technology company—CREALIGHTS (01191.HK)—made its debut on the Hong Kong stock market, opening with a sharp rise in its stock price; however, it later experienced a "plunge." **As of the time of publication, the increase was 42.11%, with the stock price currently at HKD 162.** From the performance during the recent IPO phase, **CREALIGHTS' public offering in Hong Kong was subscribed 1,296.89 times,** with the final number of shares offered in the public offering being 1.3432 million shares, accounting for approximately 10% of the total shares offered. A total of about 185,400 valid applications were received, with approximately 24,000 applications processed, and the winning rate for Group A was 4.00%. Additionally, **during the international placement phase, CREALIGHTS was subscribed 15.51 times,** with the final number of shares offered internationally being 12.0884 million shares, equivalent to 90% of the total shares offered. From the data, the subscription sentiment for CREALIGHTS appears to be quite good. **The final offer price for CREALIGHTS was HKD 114, and the current stock price is HKD 162, with a lot size of 50 shares, resulting in a paper profit of HKD 2,400 per lot, excluding handling fees.** This also means that cornerstone investors, including JSC International Investment Fund SPC (for and on behalf of Jingxin SP), Win-Win Technology under Baiwei Storage (688525.SH), and Kingsoft Cloud Network, have already seen significant paper profits. According to information, CREALIGHTS is a provider of products focused on AI data center optical interconnects, essentially creating "high-speed data cables" for large computing power centers. Its products include optical modules, active optical cables (AOC), and others to support high-speed, high-density, and high-efficiency data transmission. The company has built end-to-end capabilities from chip design to module manufacturing, with 400G and above single-mode optical modules fully adopting silicon photonics technology. Its products cover speeds from 100G to 800G, and it is proactively laying out next-generation technologies such as 1.6T, 3.2T, CPO, and NPO to meet application demands. In terms of performance, from 2023 to 2025, CREALIGHTS' revenues are projected to be RMB 175 million, RMB 862 million, and RMB 1.221 billion, respectively; during the same period, the annual losses are expected to be RMB 109 million, RMB 17.895 million, and RMB 100 million. Additionally, from 2023 to 2025, CREALIGHTS' net cash flow from operating activities is projected to be -RMB 91.042 million, -RMB 255 million, and -RMB 359 million, which also requires attention. For more detailed insights on CREALIGHTS, please refer to previous reports by Caihua News:《【IPO Precursor】Optical Module Company Goes Public! 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