Likes ReceivedIn the ChiNext ETF GF (159952), Zhongji Xuchuang accounts for 10% of the net asset value among its heavyweight stocks.
On April 17, the ChiNext Index hit a new stage high, breaking through 3670 points. The ChiNext Index tracked by the GF ChiNext ETF (159952) rose 1.04%. Among the heavyweight stocks, Zhongji Innolight surged nearly 5%, setting another historical high!
Recently, the ChiNext Index has repeatedly reached new stage highs, refreshing its nearly 11-year peak. Among them, the "Yizhongtian" optical module leaders (Zhongji Innolight, Eoptolink, and TFC Optical) have continued to rise, becoming one of the core engines driving the index's upward movement. According to the latest forecast by LightCounting, the global optical module market will maintain a growth rate of 60% in 2026, and the global market size is expected to reach nearly $60 billion by 2031, continuously validating the industry's high prosperity.
The optical module industry has entered a period of performance realization. Zhongji Innolight, part of the "Yizhongtian" trio, was the first to announce its financial report. The company achieved operating revenue of 19.496 billion yuan in the first quarter, a year-on-year increase of 192.12%; net profit attributable to the parent company was 5.735 billion yuan, a year-on-year increase of 262.28%; basic earnings per share were 5.18 yuan. Zhongji Innolight stated at an institutional conference call on April 16 that many key customers have already placed orders for this year and are actively preparing for early orders for 2027.
The previously announced performance expectations for the "Yizhongtian" trio have regained high-growth momentum. Eoptolink expects its net profit attributable to listed company 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%. TFC Optical expects its net profit attributable to listed company shareholders in 2025 to be approximately 1.881 billion to 2.15 billion yuan, a year-on-year increase of 40% to 60%.
Data shows that as of April 14, among the 81 companies in the optical communication module concept sector, 43 have disclosed their 2025 annual reports or performance express reports. Among them, 36 achieved year-on-year revenue growth, and 32 achieved year-on-year net profit growth.
Goldman Sachs raised its target price for Zhongji Innolight from 791 yuan to 1187 yuan, maintaining a Buy rating. Goldman Sachs stated it is optimistic about the optical communication network sector, as data center architecture evolves from horizontal to vertical, bringing higher bandwidth and more connection demands, significantly driving the expansion of the overall serviceable market.
GF Securities released a research report stating that benefiting from the global wave of AI infrastructure construction, demand in the optical module and server assembly markets continues to grow rapidly. Production line expansion and technological iteration have also brought about demand for automated production lines. Against the backdrop of leading manufacturers maintaining high capital expenditures, equipment manufacturers are expected to continue benefiting. The report suggests focusing on companies involved in optical module packaging equipment, optical module testing equipment, and server automated assembly and inspection equipment.
As of 10:40, the GF ChiNext ETF (159952) rose 1%, hitting a new high since its listing, with a turnover exceeding 200 million yuan, indicating active trading. As of the time of writing, the fund received a net subscription of 34 million units during the session. Among the top ten heavyweight stocks, CATL fell 1.97%, Zhongji Innolight rose 4.24%, Eoptolink surged 7.91%, East Money fell 0.75%, Sungrow Power rose 0.2%, Shenghong Technology surged 8.67%, Inovance Technology fell 1.54%, Mindray Medical fell 1.6%, Wens Foodstuff Group fell 1.63%, and TFC Optical rose 5.5%.
As of April 16, the GF ChiNext ETF (159952) has surged 92.31% in the past year, with its latest scale reaching 10.341 billion yuan. Its average daily turnover in the past month was 374 million yuan, showing active on-exchange trading and outstanding advantages in scale and liquidity.
The GF ChiNext ETF (159952) closely tracks the ChiNext Index. Its top ten heavyweight stocks include CATL, Zhongji Innolight, Eoptolink, East Money, Sungrow Power, Shenghong Technology, TFC Optical, Inovance Technology, Mindray Medical, Wens Foodstuff Group, and EVE Energy. The management fee rate for the GF ChiNext ETF (159952) is 0.15%, the custody fee rate is 0.05%, and the comprehensive fee rate is 0.2%. The lower fee rate can effectively reduce cost expenditure for investors.
One-click investment in GF ChiNext ETF (159952), with off-exchange feeder funds (Class A: 003765; Class C: 003766).
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