B[Main Fund Monitoring: GigaDevice’s net sales exceed 800 million yuan] September 30th, market tracking data showed that in early trading today, the main funds had a net inflow into the pharmaceutical, chemical pharmaceutical, optical optoelectronics and other sectors, and a net outflow from the electronics, semiconductor, computer and other sectors, of which the electronic sector had a net outflow of more than 7.2 billion yuan. In terms of individual stocks, Nliqin ranked first with net purchases of more than 1 billion yuan in main funds. Tianfu Communications, Minova, and Cambridge Technology ranked first in net inflows of main funds; GigaDevice saw net sales of more than 800 million yuan, and Hengtong Optoelectronics, VeriSilicon, and Changxin Technology ranked first in net outflows of funds. B[Main Fund Monitoring: Zhongji InnoLight’s net sales exceeded 2.2 billion] September 28th, the market tracking data showed that in early trading today, the main funds had a net inflow into the automobile, optical optoelectronics, biological products and other sectors, and a net outflow from the electronics, communications, semiconductor and other sectors, of which the electronic sector had a net outflow of more than 19.1 billion yuan. In terms of individual stocks, Caihong Co., Ltd. ranked first in net purchases of main funds of more than 600 million yuan. Youyan New Materials, JAC Automobile, and Zotye Automobile ranked first in net inflows of main funds; Zhongji InnoLight suffered net sales of more than 2.2 billion yuan, and Hengtong Optoelectronics, Xinyisheng, and Zhongtian Technology ranked first in net outflows of funds. B[Hengtong Optoelectronics: Plans to raise no more than 6.636 billion yuan in additional funds for optical communications and energy interconnection projects] On September 24, Hengtong Optoelectronics (600487.SH) announced that the company plans to issue A shares to specific targets, and the total raised funds will not exceed 6.636 billion yuan. After deducting issuance expenses, it plans to use it for the research and development and production of new generation optical fibers. production project, Inner Mongolia Optical high-end optical new material construction project, CPO advanced packaging R&D project, Hengtong data intelligent communication project, AI advanced optical interconnection project, Hengtong (Jieyang) marine energy interconnection and smart operation and maintenance project, 10,000-ton deep sea laying ship investment and construction project, Hengtong intelligent manufacturing industry base project and supplementary working capital. This issuance targets no more than 35 specific investors, the issuance price is not less than 80% of the average stock trading price in the 20 trading days before the pricing base date, and the number of issuances does not exceed 740 million shares, that is, it does not exceed 30% of the total share capital before the issuance. B[Main Fund Monitoring: Computer Sector Net Outflows Exceeded 5.4 Billion] On September 23, market tracking data showed that today's main funds had a net inflow into the optical optoelectronics, food and beverage industry, real estate and other sectors, and a net outflow from the computer, communications, electronics and other sectors, of which the computer sector had a net outflow of 5.447 billion yuan. In terms of individual stocks, Woge Optoelectronics ranked first with a net purchase of 1.1 billion yuan, followed by Shanghai Electronics Co., Ltd., Baiwei Storage, and Changxin Technology with a net inflow of main funds; Rockchip ranked first with a net sale of 1.384 billion yuan, and Xinyi Sheng, Dongshan Precision, and Hengtong Optoelectronics ranked first with a net outflow of main funds. B[Main Fund Monitoring: Woge Optoelectronics has a net purchase of nearly 900 million yuan] On September 23, the market tracking data showed that in early trading today, the main funds had a net inflow into the real estate, food and beverage industry, optics and optoelectronics and other sectors, and a net outflow from the communications, computer, electronics and other sectors, of which the communications sector had a net outflow of nearly 4.9 billion yuan. In terms of individual stocks, Woge Optoelectronics ranked first with a net purchase of nearly 900 million yuan in main funds. Baiwei Storage, Changxin Technology, and Vanke A ranked first in net inflows of main funds; Rockchip suffered a net sale of nearly 900 million yuan, and Hengtong Optoelectronics, Xinyi Sheng, and Dongshan Precision ranked first in net outflows of funds. B[Xinguang Optoelectronics: Plans to set up a wholly-owned subsidiary in Hangzhou with 100 million yuan to lay out precision optical quantity testing] On September 22, Xinguang Optoelectronics (688011.SH) planned to invest 100 million yuan to establish a wholly-owned subsidiary "Hangzhou Xinguang Precision Measurement System Co., Ltd." (tentative name) in Hangzhou, with an initial payment of 10 million yuan, and the remainder will be gradually paid according to operational needs. The new company is mainly engaged in optical instruments, measurement and detection equipment, photoelectric sensors, optical lenses, optical monitoring equipment, optical components and optical test systems such as projection objectives/illumination optics/measurement alignment, as well as the R&D, manufacturing and sales of electronic products, software and hardware. The company stated that it will leverage Hangzhou's optoelectronics industry ecology to enhance its R&D and production capabilities for precision optical devices, optical lenses and systems, and provide core components, optical quality testing equipment and solutions to semiconductors, aerospace and high-end equipment; in the future, it will not rule out the introduction of strategic investors or technical teams while maintaining a controlling stake. B[China has made a series of breakthroughs in the field of optical measurement for traffic safety] September 20th. Recently, China has made a series of key breakthroughs in the field of optical parameter measurement technology for traffic safety. Relying on the State Administration for Market Regulation Key Laboratory (Measurement Optics and Applications) established by the Shaanxi Institute of Metrology, and based on the strategic layout of "Transportation Power" and "Safe China", we aim at the long-standing "unmeasured, incomplete, and unmeasured" problems in parameters such as visibility, retroreflection, and glare. We have carried out systematic research on measurement bottlenecks such as "precision" and broken through the core technical obstacles in the value traceability system. We have successfully developed a series of key optical parameter calibration devices, initially built an optical measurement and metrology technology system for traffic safety, and better protected the "visual lifeline" of traffic safety. At present, the series of results have been applied in civil aviation, road transportation, public safety and other fields. Among them, visibility and glare research results serve civil aviation operation guarantees, tunnel lighting optimization and urban light pollution control, laying a solid data foundation for transportation facility operation and maintenance management and decision-making and scheduling; retroreflection measurement technology provides key quantitative support for police and transportation equipment quality supervision and inspection, ensuring the effective implementation of relevant quality standards. B[Main Fund Monitoring: Net outflows from the electronics sector exceed 11 billion yuan] On September 17, the tracking data showed that today’s main funds had a net inflow into the transportation equipment, optical optoelectronics, building materials and other sectors, and a net outflow from the electronics, non-ferrous metals, semiconductor and other sectors, of which the electronic sector had a net outflow of 11.029 billion yuan. In terms of individual stocks, Muxi Shares-U ranked first with net purchases of 2.704 billion yuan, BOE A, Shanzi Hi-Tech, and Tianfu Communications ranked first in net inflows of main funds; Changxin Technology ranked first in net sales of 1.970 billion yuan, and Shengyi Technology, Zijin Mining, and Yongding Co., Ltd. ranked first in net outflows of main funds. B[Main Fund Monitoring: Net Buying of Muxi Shares Exceeds 1.9 Billion] On September 17, market tracking data showed that in early trading today, main funds had a net inflow into sectors such as transportation equipment, optics and optoelectronics, and building materials, and a net outflow from sectors such as electronics, nonferrous metals, and semiconductors. Among them, the net outflow from the electronics sector exceeded 6.4 billion yuan. In terms of individual stocks, Muxi Co., Ltd.-U ranked first with a net purchase of more than 1.9 billion yuan by main funds. BOE A, Shanzi Hi-Tech, and Hengtong Optoelectronics ranked first in net inflows of main funds; Changxin Technology suffered a net sale of more than 1.6 billion yuan, and Zijin Mining, Yongding Shares, and Youyan New Materials ranked first in net outflows of funds. B[Guangzhi Technology: 6-inch indium phosphide substrate has received orders from global top customers, and the germanium purification business layout has been advanced] On September 16th, Guangzhi Technology (300489.SZ) released an investor relations activity record announcement. The company has taken over all the indium phosphide substrate assets of Pioneer Technology Group through a capital increase and held Xiangrui Technology. It has completed three generations of crystal iterations from 2 inches to 6 inches, and is one of the first domestic manufacturers to launch 6-inch indium phosphide substrates. At present, the products have been delivered in batches to domestic and foreign optical communication chip and device manufacturers, and the 6-inch indium phosphide substrate has received an order from a global leading customer. Currently, domestic customer demand is in the transition stage from 2 or 3 inches to 4 inches, and overseas customers are in the transition stage from 4 inches to 6 inches. Relying on the group's 8N-grade high-purity indium mass production capabilities and 6.5N-grade and above high-purity electronic-grade red phosphorus preparation capabilities, core equipment is self-developed and self-produced, and production expansion is not restricted by material bottlenecks. In terms of the germanium industry chain, Inner Mongolia Guangzhi Mining Technology Co., Ltd., a wholly-owned subsidiary, was established in August and plans to purchase lignite powder from the group to carry out germanium purification business. Purified metallic germanium is mainly used for electronic material grade germanium dioxide, optical fiber grade germanium tetrachloride, space photovoltaic grade zone melted germanium ingots, etc. Xilingol League has proven reserves of germanium-containing lignite of 113 million tons and germanium metal reserves of 3,458 tons. The group has invested in a local optical materials industrialization project with a total investment of 5.3 billion yuan. After completion, the annual lignite preprocessing capacity will be 900,000 tons, and the annual germanium ingot production capacity will be 80 tons. This business has not yet contributed to the company's revenue and profits. B[Two Departments: Consolidating the Development Foundation of the Photonics Industry] On September 15th, the Ministry of Industry and Information Technology and the National Development and Reform Commission issued the "15th Five-Year Plan for the Development of Electronic Information Manufacturing Industry", which mentioned that the development foundation of the photonics industry should be consolidated. Promote breakthroughs in the core technologies of the photonics industry, support the R&D and iteration of simulation design software such as photonic design automation and optoelectronic collaborative design automation, build common process platforms such as micro-nano processing and manufacturing, and optoelectronic fusion integration, lay out research and development innovations in photonic functional materials and process materials, strengthen the supply of light generation, light processing, light sensing, integrated optical chips and micro-nano optical components, and carry out the R&D and industrialization of optical transceiver modules and engines, optical processing modules, laser radars and gyroscopes, and supporting electronic chip devices. Lay out pilot verification platforms around key areas and common needs in the photonics industry, promote achievement verification, process optimization, equipment selection, and technology integration, and accelerate new product development and industrial applications. Promote the penetration of photonic technology into key areas such as artificial intelligence, new communications, ubiquitous terminals, industrial manufacturing, medical health, high-end manufacturing, and urban security. B[OFILM: So far, some of Zhongke Daojing’s glass-based packaging products have been supplied in small batches] On September 11, OFILM stated on the interactive platform that the company’s business layout in the direction of glass substrate packaging and optical interconnect devices is steadily advancing. Jiangxi OFILM Optical Micro-Nano Devices Co., Ltd. was officially established on July 8, 2026, and is a wholly-owned subsidiary of the company. OFILM's business focuses on optical passive components for optical interconnection applications. Its business scope covers the R&D, manufacturing and sales of optoelectronic systems for optoelectronic devices, multi-channel optical fiber arrays, optical glass, optical communications and communication equipment. It is also deeply involved in the research and development of electronic special materials and new material technologies. The company is still in the initial stage of business and has not yet generated actual business orders. In August 2026, the company obtained 51% equity of Hefei Zhongke Daojing Technology Co., Ltd. and became the controlling shareholder of Zhongke Daojing. Up to now, some of Zhongke Daojing's glass-based packaging products have been supplied in small batches, but they account for a small proportion of the company's revenue. Investors are advised to be aware of the risks. B[Sripu: A full range of optical communication analog chip solutions are unveiled, and relevant solutions have completed customer verification] September 10th, according to the official WeChat account of Sirip, from September 9th to 11th, Sirip participated in the 27th China International Optoelectronics Expo (CIOE China Optical Expo) to showcase innovative solutions for analog and digital-analog hybrid chips for the field of optical communications. The exhibits cover 800G/1.6T pluggable high-speed optical module solutions (adapted to silicon photonics and EML dual technology routes), CPO/NPO co-packaged optics and ELSFP external light source mass production supporting solutions, OCS all-optical switching complete set of control solutions, and coherent optical modules and EDFA optical amplification full-link solutions. Among them, in view of the development direction of next-generation high-density optoelectronic integration technology, two complete solutions of Sirip CPO/NPO co-packaged optics and ELSFP external light source have completed customer verification, effectively helping customers shorten the product development cycle and accelerate product introduction to the market. B[Hang Seng Technology Index closed down 1.61% and application software stocks fell sharply] On September 8, Hong Kong stocks closed down, with the Hang Seng Index falling 0.38% and the Hang Seng Technology Index falling 1.61%. Application software stocks fell sharply, with Haiqing Zhiyuan falling by more than 11%, Zhipu falling by more than 10%, Weimob Group falling by more than 6%, and MiniMax falling by more than 5%. Optical communication stocks fell collectively, with Xizhi Technology-P falling by more than 7%, Lens Technology falling by more than 4%, Sunny Optical Technology and Zhongji Innolight falling by more than 3%. Haiguangxin is rising by more than 31%. According to the news, Haiguangxin is being included in the Hong Kong Stock Connect list starting from September 7.
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