Chengdu New Yeashin Communication Technology Co., Ltd. (New Yeashin, 300502.SZ) announced on the evening of June 10 that the company is planning to issue H-shares and list on the main board of the Hong Kong Stock Exchange. The company held its 5th Board of Directors 14th meeting on June 10, 2026, approving the H-share issuance and listing proposal to enhance capital strength, comprehensive competitiveness, and international influence. The optical module sector has seen multiple leading companies pursue Hong Kong listings, with peers Zhongji Xuchuang and Tianfu Communication already advancing similar plans.
New Yeashin Board Approves H-Share Listing Plan on June 10, 2026
According to the company announcement, New Yeashin's 5th Board of Directors 14th meeting on June 10, 2026, approved the proposal for issuing H-shares and listing on the Hong Kong Stock Exchange. The H-share issuance and listing matter still requires submission to the company's shareholder meeting for approval, and needs filing with the China Securities Regulatory Commission and approval from the Hong Kong Stock Exchange and the Securities and Futures Commission of Hong Kong.
The board meeting also approved the appointment of KPMG Hong Kong as the audit firm for the H-share issuance and listing, with this matter to be submitted to the company's shareholder meeting for approval.
Additionally, the board approved a proposal to continue foreign exchange hedging business. The company and its consolidated subsidiaries are authorized to hold foreign exchange hedging contracts with a maximum value not exceeding RMB 10 billion or equivalent foreign currency on any trading day, valid for 12 months from the date of shareholder meeting approval. This quota can be used cyclically within the authorization period. If a single transaction's duration exceeds the authorization period, the authorization period automatically extends until the transaction terminates.
According to the announcement, as the company's international operations become more diversified and the currencies used in daily operations increase, the foreign exchange market fluctuates frequently due to uncertain international political and economic factors. Conducting foreign exchange hedging business mainly aims to effectively reduce foreign exchange market risks such as exchange rate fluctuations, prevent adverse effects of significant exchange rate fluctuations on the company, and improve the company's ability to respond to foreign exchange volatility risks.
Peers Zhongji Xuchuang and Tianfu Communication Advance Hong Kong Listing Plans
In the A-share market, New Yeashin, Zhongji Xuchuang (300308.SZ), and Tianfu Communication (300394.SZ) are three optical module leading stocks collectively nicknamed the "Yi Zhong Tian" combination by the market.
Before New Yeashin's announcement, Zhongji Xuchuang and Tianfu Communication had already been planning Hong Kong stock listings. Zhongji Xuchuang announced in November 2025 that it authorized company management to initiate preparatory work for overseas share issuance (H-shares) and listing on the Hong Kong Stock Exchange. Tianfu Communication announced in April 2026 that it submitted an application to the Hong Kong Stock Exchange on April 10 for issuing overseas listed shares (H-shares) and listing on the main board of the Hong Kong Stock Exchange, and published application materials on the Hong Kong Stock Exchange website on the same day.
Market rumors about New Yeashin considering a Hong Kong listing circulated in April this year, though the company did not publicly respond at that time.
New Yeashin Established in 2008, Listed on Shenzhen Stock Exchange in 2016
According to official website information, New Yeashin was established in Chengdu in 2008 and was certified as a National High-tech Enterprise in 2010. The company is a leading optical module solution and service provider. New Yeashin has focused on researching, producing, and selling various high-performance optical modules and optical devices, with products widely applicable to data centers, telecommunications networks (FTTx, LTE, and transmission), security monitoring, smart grids, and other ICT industries. The company has over 3,000 products that strictly comply with international standards including TUV, CE, UL, FCC, FDA, RoHS, REACH, and EMC, serving over 300 customers from more than 60 countries and regions globally. In 2016, New Yeashin listed on the Shenzhen Stock Exchange.
New Yeashin Reports 2025 Revenue of RMB 24.842 Billion, Q1 2026 Revenue of RMB 8.338 Billion
Benefiting from significantly increased market demand for high-speed optical module products, New Yeashin achieved leapfrog growth in performance last year. In 2025, the company achieved operating revenue of RMB 24.842 billion, up 187.29% year-on-year, and net profit attributable to shareholders of RMB 9.532 billion, up 235.89% year-on-year.
Entering the first quarter of 2026, the company maintained high growth momentum, achieving operating revenue of RMB 8.338 billion during the period, up 105.76% year-on-year, and net profit attributable to shareholders of RMB 2.78 billion, up 76.80% year-on-year. In the first quarter report, regarding the significant revenue increase, the company explained that it mainly benefited from continued growth in computing power investment by end customers during the reporting period, with sales revenue significantly increasing compared to the same period last year.
New Yeashin Stock Closed at RMB 772.50 on June 10, 2026
According to Dazhinghui VIP, as of the close on June 10, New Yeashin closed at RMB 772.50 per share, down 1.68%, with a total market capitalization of RMB 769.3 billion. The stock has cumulatively risen 79.28% since the beginning of this year.
FAQ
What did New Yeashin announce on June 10, 2026?
New Yeashin announced on the evening of June 10 that its board of directors approved a plan to issue H-shares and list on the main board of the Hong Kong Stock Exchange. The company held its 5th Board of Directors 14th meeting on June 10, 2026, passing the H-share issuance and listing proposal. The matter still requires shareholder meeting approval and regulatory approvals from the China Securities Regulatory Commission, Hong Kong Stock Exchange, and Securities and Futures Commission of Hong Kong.
What were New Yeashin's financial results for 2025 and Q1 2026?
In 2025, New Yeashin achieved operating revenue of RMB 24.842 billion, up 187.29% year-on-year, and net profit attributable to shareholders of RMB 9.532 billion, up 235.89% year-on-year. In the first quarter of 2026, the company achieved operating revenue of RMB 8.338 billion, up 105.76% year-on-year, and net profit attributable to shareholders of RMB 2.78 billion, up 76.80% year-on-year.
Which other optical module companies are planning Hong Kong listings?
Zhongji Xuchuang announced in November 2025 that it authorized management to initiate preparatory work for H-share issuance and Hong Kong Stock Exchange listing. Tianfu Communication submitted an application to the Hong Kong Stock Exchange on April 10, 2026, for issuing H-shares and listing on the main board, publishing application materials on the Hong Kong Stock Exchange website on the same day.
