Institutional Research | CPO Concept + Passive Components + Lithography Equipment: This Company's Stock Price Hits Four-Year High During Trading Session, High-End Product Domestic Substitution Expected to Accelerate

On March 24, multiple listed companies released investor relations activity reports, disclosing their business communication content with institutions, revealing many progress and highlights in their business layouts.

Taijing Technology: Company’s optical module-related products have much higher gross margins than consumer products

Taijing Technology recently received research visits from over 20 institutions including Huatai Securities and Yige Fund.

During the research, Taijing Technology stated that, relying on independently developed high-frequency lithography wafer technology, the company has launched ultra-low jitter differential crystal oscillator products at 312.5MHz/625MHz, achieving high-frequency output with low phase jitter (15fs at 625MHz, typical value). “Our products have a leading international competitive advantage, and the gross margins of optical module-related products are far higher than those of consumer products.”

It is introduced that quartz crystal oscillators, as the “clock core” of optical modules, provide high-precision reference clocks for key chips inside optical modules such as DSP, FPGA, and MCU, ensuring coordinated operation of various functional modules. The performance of differential oscillators directly determines the stability and reliability of signal transmission.

In the optical module oscillator market, Taijing Technology has advantages in product first-mover status, capacity, and production lines. For the 1.6T and above optical module market, the company is one of the few global manufacturers that can produce compatible oscillators with mass production capability. The company has invested in ultra-high frequency production lines, maintains solid financial health, has sufficient capital and self-developed equipment capabilities, and abundant land resources, enabling rapid expansion to meet market demand. Based on the capacity of China’s optical module market, domestic substitution of high-end clock products is expected to accelerate.

Looking ahead, Taijing Technology states that it is difficult for traditional manufacturers to achieve profitability through producing general-purpose models based on cost advantages. The AI incremental market and customer demand structures are evolving toward smaller sizes and ultra-high frequencies. “The company has cost pricing power in general sizes, and in high-end products, its first-mover advantage and technical positioning in ultra-high frequency products are expected to bring high product premiums.”

Taijing Technology mainly engages in the research, production, and sales of quartz crystal frequency components. As a sub-industry of electronic components, quartz crystal frequency components are fundamental to the electronic information industry and are the cornerstone for promoting China’s electronic information industry development.

In the secondary market, Taijing Technology’s stock price rose 7.86 today, hitting a four-year high during the trading day, with a monthly increase of 17.77%.

Longpan Technology: Second-generation computing center coolant can solve three major problems of high heat, mold, and instability

Longpan Technology recently received research visits from over 20 institutions including Industrial Securities and Guotai Haitong Securities. On the same day, Longpan Technology held a global new technology launch conference, releasing 10 new products including the second-generation computing center coolant and second-generation electrolyzed water hydrogen production catalysts.

At the investor communication meeting, Longpan Technology stated that the second-generation computing center coolant adopts an optimized additive formulation system, significantly improving product stability and meeting the strict requirements for cooling efficiency and foreign object resistance in microchannels. It can solve the three major problems of high heat, mold, and instability in computing centers.

The fourth-generation low-conductivity coolant achieves upgrades in three dimensions: metal coverage, temperature adaptation range, and more, developed specifically for complex real-world vehicle conditions; the third-generation lithium carbonate purity reaches 99.95%, with key impurities (potassium, sodium, sulfate) reduced by 92% compared to conventional battery-grade lithium carbonate, with significant breakthroughs in microscopic morphology.

Additionally, Longpan Technology introduced that the S601 fifth-generation product has a powder compaction density exceeding 2.704 g/cm³, enabling longer range and lower watt-hour costs in core applications like power and energy storage, balancing performance and cost advantages. S601 features outstanding high charge/discharge capacity, excellent energy efficiency, and cycle stability, and supports customized development to meet diverse application needs.

Regarding future cathode material R&D directions, Longpan Technology states that in different application scenarios, customers highly consider parameters such as high voltage density, high rate, low-temperature performance, long cycle life, and safety. Customers also attach great importance to product economy and cost-effectiveness. The company will continue close cooperation with customers, improving various parameters while reducing production costs through process optimization.

Longpan Technology’s main business can be divided into lithium iron phosphate cathode materials and automotive environmentally friendly fine chemicals, covering products and fields such as power batteries, energy storage batteries, lubricants, diesel engine exhaust treatment liquids, and coolants.

In the secondary market, Longpan Technology’s stock price increased 7.16 today, with a monthly gain of 6.42%.

(Source: Eastmoney Research Center)