Wuhan Changjin Photonics Technology Co., Ltd. Class A

Wuhan Changjin Photonics Technology Co., Ltd. Class A

SSSE:688635
217.50
CNY
+9.35
(+4.49%)
1.14EPS
400.35P/E
42.57BMarket Cap
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.68
2.25
2.88
3.54
2.97
Basic EPS, GAAP
0.57
0.85
1.14
1.37
1.14
Free Cash Flow per Basic Share
-0.26
0.58
0.46
-0.57
-1.33
Dividend per Share
0.03
0.03
0.03
0.02
0.03
Book Value per Share
3.9
5.29
6.46
8.93
16.11
Tangible Book Value per Share
3.89
5.27
6.16
8.63
15.81
Basic Weighted Avg Shares
64
64
66
70
82
Sales/Revenue/Turnover
108
145
192
247
243
Operating Margin (%)
40.16
40.62
43.04
42.49
41.06
Depreciation Expense
7
9
12
13
14
Net Income, GAAP
37
55
76
96
93
Effective Tax Rate (%)
9.48
10.98
10.69
10.78
9.45
Profit Margin (%)
33.98
37.81
39.53
38.75
38.26
Working Capital
180
236
276
396
1,229
LT Debt
6
- -
- -
93
99
Total Equity
251
352
430
627
1,509
Return on Invested Capital (%)
- -
15.17
17.28
15.52
- -
Return on Capital (%)
- -
16.05
17.48
15.61
- -
Return on Common Equity (%)
- -
18.15
19.39
18.1
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
32
33
35
LT Borrowings
93
104
99
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
70
70
94
Market Capitalization
- -
- -
42,573

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
543
529
1,373
Cash, Cash Equivalents & STI
313
284
1,108
Accounts Receivable, Net
111
115
116
Inventories
51
51
61
Total Current Liabilities
147
134
144
Payables & Accruals
- -
- -
- -
ST Debt
32
33
35
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
46.04%
Free Cash Flow
- -
- -
-229.52%
Net Income, GAAP
- -
- -
26.25%
Sales/Revenue/Turnover
- -
- -
28.79%
Total Cash Common Dividend
- -
- -
-3.69%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
192
2025
45
56
79
67
247
2026
54
43
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.14
2025
0.23
0.2
0.44
0.44
1.37
2026
0.21
0.12
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.03
2025
- -
- -
0.01
0.01
0.02
2026
0.01
0.01
- -
- -
- -

Company Description

CEO
Chang Bo Liu
Full Time Employees
254
Sector
Electronic technology
Industry
Telecommunications equipment
Address
Wuhan China
IPO Date
May 27, 2026
Business
Wuhan Changjin Photonics Technology Co., Ltd. is a China-based high-technology enterprise primarily engaged in the research, development, manufacturing, and distribution of specialty optical fibers, optical preforms, and associated photonic solutions for industrial and high-reliability optical applications. Founded in 2012 and headquartered in Wuhan, Hubei Province, China, within the East Lake High-Tech Development Zone (Optics Valley of China), the company operates specialized production and testing facilities, serving equipment manufacturers and research institutions across the advanced laser manufacturing, optical telecommunications, defense, medical, and sensing sectors. The company's core product portfolio encompasses a comprehensive range of active and passive specialty optical fibers categorized as follows: rare-earth-doped active optical fibers, including single-mode and multi-mode ytterbium-doped fibers (Yb-doped), erbium-doped fibers (Er-doped), erbium-ytterbium co-doped fibers (Er/Yb co-doped), and thulium-doped fibers (Tm-doped) engineered for high-power continuous-wave and pulsed fiber lasers, optical amplifiers, and LiDAR systems; passive optical fibers and matching transmission products, including large-mode-area (LMA) passive fibers, photosensitive fibers, single-clad and double-clad pump energy transmission fibers, and high-power laser delivery fibers; photonic crystal fibers (PCF), comprising hollow-core photonic crystal fibers, dispersion-compensating fibers, and high-nonlinearity microstructured fibers; polarization-maintaining (PM) specialty fibers, including PM rare-earth-doped active fibers and PM passive fibers designed for fiber-optic gyroscopes, inertial navigation, and coherent optical communications; and high-reliability functional fibers, including radiation-resistant active and passive fibers developed for aerospace, space-based laser communications, and nuclear instrumentation. Complementing its manufactured products, the company provides customized fiber preform design, specialty fiber drawing, precision optical characterization, and OEM/ODM engineering services. In recent corporate developments, Wuhan Changjin Photonics Technology Co., Ltd. completed its initial public offering (IPO) and listed its Class A shares on the Science and Technology Innovation Board (STAR Market) of the Shanghai Stock Exchange under the ticker 688635 in May 2026. The company utilized proceeds to fund the construction and operational commissioning of its new high-performance specialty optical fiber industrialization base and central research and development facility in Wuhan, substantially scaling its preform fabrication and fiber drawing capacity following the facility's structural completion in mid-2025. In product innovation, the company expanded its commercial offerings with the rollout of next-generation ultra-wideband L-band erbium-doped fibers designed for 400G and 800G optical backbone networks, ultra-high-power ytterbium-doped fibers supporting single-fiber output exceeding 6 kilowatts for heavy industrial laser cutting and welding, and space-grade radiation-hardened doped fibers for satellite optical payloads. Operationally, the company has reinforced strategic supply partnerships with major laser systems integrators and optical module vendors—including Raycus, Maxphotonics, JPT Opto-electronics, and Accelink Technologies—while advancing its technical and manufacturing infrastructure through wholly owned operating subsidiaries, including Wuhan Changjin Xianfeng Optoelectronic Technology Co., Ltd. and Wuhan Topu Optical Technology Co., Ltd.