On the evening of August 28, A-share optical chip leader Yuanjie Semiconductor Technology Co.,Ltd. (688498.SH) unveiled a semi-annual report marked by a sharp profit surge. The results show the company achieved operating revenue of 925 million yuan, up 351.4% year-on-year, while net profit attributable to shareholders reached 607 million yuan, soaring 1,212.2% compared to the same period last year—a jump of more than 12 times. Basic earnings per share stood at 4.89 yuan, and net profit attributable to shareholders after excluding non-recurring gains and losses totaled 514 million yuan, up 1,033.7%. Alongside the half-year results, the company also announced a dividend plan, proposing a cash distribution of 10 yuan (pre-tax) per 10 shares, with a total payout of approximately 124 million yuan.

The core growth driver behind this performance explosion is not the traditional telecom segment, but rather the rapid ramp-up of its data center business. During the reporting period, revenue from this division hit 774 million yuan, climbing 640.29% year-on-year and accounting for more than 80% of total revenue. Meanwhile, telecom market revenue reached 148 million yuan, up 48.63%. According to a research note from Capital Securities, the surging demand for high-bandwidth and ultra-high computing power driven by rapid AI development will keep the global high-speed optical chip market expanding robustly. Moreover, the supply gap for high-power, ultra-high-speed laser chips is expected to persist through the end of 2026, meaning the company's CW products are poised for rapid growth alongside the explosive demand for 1.6T and higher-end optical modules.

The surge at Yuanjie Semiconductor Technology Co.,Ltd. is not an isolated case. Based on the semi-annual reports disclosed for the first half of 2026, the entire optical communication supply chain is enjoying a collective bounty. Optical module leader New易盛 (300502.SZ), which released its results on August 25, reported operating revenue of 20.91 billion yuan, up 100.34% year-on-year, and net profit attributable to shareholders of 7.529 billion yuan, up 90.98%. Another optical chip player, Shijia Photon (688313.SH), posted first-half revenue of 1.495 billion yuan, an increase of 50.66%, with net profit attributable to shareholders reaching 315 million yuan, up 45.3%.

Behind this earnings feast lies a structural opportunity fueled by the explosive growth in AI computing demand. Industry reports indicate that optical chips represent the segment with the highest technical barriers and the core focus of domestic substitution within the optical communication value chain. From a global supply-demand perspective, significant capacity gaps remain in high-end EML optical chips and high-power CW light sources. Additionally, Kaiyuan Securities forecasts that robust computing power demand will persist at least through 2027-2028. As of the close on August 28, Yuanjie Semiconductor Technology Co.,Ltd. shares were trading at 1,538.35 yuan apiece, giving the company a total market capitalization of 191.5 billion yuan.