Optical communication materials company Changjin Photonics submitted IPO registration and received investment from Huawei Hubble

According to news on March 27, the IPO application of Wuhan Changjin Photonics Technology Co., Ltd. (referred to as "Changjin Photonics") officially passed the listing committee meeting and has been submitted for registration. It will soon be listed on the Shanghai Stock Exchange Science and Technology Innovation Board. Changjin Photonics plans to raise 780 million yuan from the listing, of which 680 million yuan will be invested in the construction of a high-performance special optical fiber production base and R&D center, and another 100 million yuan will be used to supplement working capital.

According to data, Changjin Photonics focuses on the field of special optical fibers and has the R&D and industrialization capabilities for multi-category, high-performance special optical fibers. Changjin Photonics' core product, rare earth-doped fiber, is a key optical material in the upstream of the laser industry chain. It can be used to generate lasers of specific wavelengths and amplify optical signals, promoting the realization of high-power, high-performance laser output, or long-distance, large-capacity, and high-speed optical signal transmission. Therefore, rare earth-doped optical fiber is the core component of fiber lasers, laser radar and other equipment, and is used in fields such as advanced manufacturing, optical communications, medical health, and national defense and military industries.

Financial data shows that Changjin Photonics has steadily expanded its business scale in recent years. From 2023 to 2025, the company will achieve operating income of 145 million yuan, 192 million yuan and 247 million yuan respectively. In terms of profitability, the company's net profit after non-compliance deductions will reach 86.81 million yuan in 2025, showing good profitability. Entering the first quarter of 2026, the company's performance continues to improve. The operating income is expected to be between 52 million yuan and 55 million yuan, a year-on-year increase of approximately 16.25% to 22.96%. The net profit attributable to the parent company is expected to reach a maximum of 16.4 million yuan.

It is worth noting that Changjin Photonics has previously received investment from well-known domestic technology companies. Hubble Investment, a subsidiary of Huawei, officially took a stake in August 2022. At that time, the pre-money valuation was only 430 million yuan. As the company's technology matures and its market position improves, its valuation has also increased. According to the latest equity transfer records in May 2025, the market valuation of Changjin Photonics has climbed to 1.8 billion yuan. In less than three years, its worth has more than tripled.

As this IPO progresses, Changjin Photonics is expected to leverage the power of the capital market to further develop the field of special optical fibers and accelerate the production capacity construction of high-performance products. (Source: Compiled by TrendForce Optical Communications)

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