A-share subscription | Yute Optoelectronics (920157.BJ) opens subscription focusing on R&D, design, precision manufacturing and sales of optical connection products

The Zhitong Finance App learned that on September 21, Yute Optoelectronics (920157.BJ) began the subscription. The issuance price was 13.75 yuan/share. The subscription limit was 6183,000 shares, with a price-earnings ratio of 14.99 times. It belongs to the Beijing Stock Exchange, and Cathay Pacific Haitong is its sponsor.

According to the prospectus, Yute Optoelectronics is a national-level specialized and innovative “little giant” enterprise focusing on the R&D, design, precision manufacturing and sales of optical connectivity products. It is committed to providing high-performance overall optical connectivity solutions for equipment vendors, system integrators, domestic and foreign telecom operators, and optoelectronic device companies in the field of optical communication. Since its establishment, the company has been deeply involved in optical connectivity technology. Its core products are mainly used in the two major fields of data centers and optical fiber access. While actively expanding the domestic market, its products are also exported to many countries and regions such as South America and Europe, aiming to become the world's leading supplier of high-performance optical connectivity overall solutions.

The company's products in the data center field mainly include high-speed optical module optical micro connection components and prefabricated end connectors. Among them, high-speed optical module micro connection components are mainly used for optical connections within optical modules such as 400G, 800G, and 1.6T, and are a bridge between optical devices inside optical modules and external optical fibers; prefabricated connectors are mainly used for optical connections between data center servers and switches, and are the core components for constructing high-speed, stable, and reliable data networks.

The company's products in the field of optical fiber access mainly include field-assembled optical fiber connectors, prefabricated single-core optical fiber connectors, equipment and components. Among them, field-assembled optical fiber connectors can achieve rapid on-site terminal connection of optical cables in optical fiber access scenarios, and prefabricated single-core optical fiber connectors can be plug-and-play in optical fiber access scenarios. The equipment and components are mainly optical fiber fusing machines. The optical fiber end surface is polished through arc melting, and the end connection of the field optical cable is completed with the fuse-end optical fiber active connector. It has the characteristics of small size, easy operation and high reliability, and can meet the needs of operators such as long-term carrying and installation in complex scenarios.

In the data center field, the company has forward-looking layout of high-density optical interconnection technology, successfully mastered core technologies such as dual-core/multi-core optical fiber coupling, polarity conversion technology, and multi-core array packaging technology in high-speed optical modules, and launched a series of multi-core prefabricated connector products such as 400G, 800G and 1.6T high-speed optical module optical micro connection components, AOC, polarity convertible, and ultra-small DPO, which adapt to AI and cloud computing trends. With leading technical strength and product performance, the company has established long-term and stable cooperative relationships with leading domestic optical communication companies such as Guangxun Technology, Changfei Optical Fiber, and Hengtong Optoelectronics. Related products have been widely used in data centers of the world's top Internet companies such as Alibaba, Tencent, and ByteDance.

In the field of optical fiber access, the company grasped the market opportunities brought by 5G construction and “fiber to the house” (FTTR) upgrade. After 20 years of technology accumulation, the company successfully developed the leading third-generation optical connection technology in China — “optical fiber fusion end technology”. The company has launched products such as field-assembled optical fiber connectors, prefabricated single-core optical fiber connectors, and optical fiber fusion equipment to provide customers with convenient, reliable and efficient one-stop optical fiber connection solutions. The company's products have deeply served the construction of optical communication networks for households, parks, government and enterprise users, and has maintained long-term and stable cooperative relationships with large operators and equipment vendors such as China Telecom, China Unicom, and China Mobile.

Furthermore, relying on the core technology platform, the company successfully developed leading optoelectronic hybrid technology, actively expanded into emerging fields such as medical care, new energy and in-vehicle communications, and launched optoelectronic hybrid connection products that break the bottlenecks of power supply and transmission. The company has full-process service capabilities from requirement analysis to batch delivery. It has built vertical integration capabilities covering the entire process from R&D and design, precision mold manufacturing, automated production to intelligent testing. The processing accuracy is sub-micron level, and the inspection accuracy is nanoscale, forming deep technical barriers and large-scale manufacturing advantages. It has successively been awarded the “Jiangsu Optical Communication Device and Equipment Engineering Technology Research Center”, “Jiangsu Specialized and New Small and Medium Enterprises” and “National Specialized, Special and New 'Little Giant' Enterprise”. By the end of the reporting period, the company had obtained 141 patents, including 21 invention patents, and participated in the formulation of 4 communications industry standards.

On the financial side, in 2023, 2024, and 2025, the company achieved operating income of about 212 million yuan, 253 million yuan, and 333 million yuan respectively; in the same period, it recorded net profit of about 418.671 million yuan, 464.471 million yuan, and 69.1695 million yuan, respectively.