Ge Weidong and Zhang Jianping increase their holdings! These companies' annual performance is growing rapidly!

Ask AI · Ge Weidong’s stock-picking eye is unique—what common traits do high-growth stocks share?

By Shang Yang

On the last trading day before Qingming Festival, although the market continued to move downward, the CPO concept surged to lead the market. Companies such as Tengjing Technology and Guangku Technology each jumped by more than 10%. Combined with the annual report performances that have been disclosed one after another, the CPO concept also delivered solid profit growth throughout the year.

In addition, as the 2025 annual reports are currently being released in dense succession, while high-quality stocks are gradually coming to light, the latest heavily held stocks of well-known investors are also emerging one after another. Taking Ge Weidong as an example, there are already 7 companies that have become publicly disclosed top holdings of investors who are related to Ge Weidong and his associated parties.

This image may be generated by AI

High-Quality Stocks Surface

By late April, the disclosure of the 2025 annual report period will be gradually wrapped up, but as of this Friday, the number of companies that have completed formal annual report disclosures is 1,257, accounting for less than 30% of all A-shares.

Based on the analysis of the formal annual reports already disclosed, 1,077 companies were profitable in 2025, and while 703 companies’ net profit attributable to parent increased compared with 2024, if we further combine with the companies’ operating revenue data, then 575 of the companies that have released annual reports have both 2025 operating revenue and net profit attributable to parent growing year over year.

Judging by the growth magnitude, besides the CPO concept stock Yuanjie Technology that turned a loss into a profit dramatically, Sino Medical’s performance growth is the most eye-catching: the net profit attributable to parent of 47.28 million yuan increased sharply by 3057.07% year over year compared with 2024. In 2025, Sino Medical achieved leapfrog growth for the full year, and the company has maintained profitability for five consecutive quarters, setting its best performance since centralized procurement was implemented. Sino Medical focuses on R&D, manufacturing, and sales of high-end interventional medical devices, and its business covers key areas such as cardiovascular and cerebrovascular diseases and structural heart disease. It has two major pipelines: coronary intervention and neurointervention. Core products include drug-eluting stents for coronary arteries, coronary balloons, intracranial drug-eluting stents, and intracranial balloons, among others. Regarding the reasons for changes in performance, the company states that the main reason was that operating revenue increased.

Meanwhile, Xinqianglian and Beimo Gaoke also achieved more than a 10-fold increase in net profit attributable to parent this year under the premise that they were profitable in 2024, and there are as many as 69 companies that achieved a doubled increase in net profit attributable to parent for the full year. San Sheng Guojian, Guolian Minsheng, and Yatong Co. all completed a doubling in both operating revenue and net profit attributable to parent compared with 2024 (see the appendix).

The annual reports show that in 2025, San Sheng Guojian achieved operating revenue of 41.99 billion yuan and net profit attributable to parent of 28.99 billion yuan, respectively up significantly by 251.81% and 311.49% from the same period in 2024. The company’s performance rose markedly year over year mainly because, during the reporting period, the company reached an important cooperation with Pfizer, received an upfront payment for the authorization license related to Project 707 from Pfizer, and accordingly recognized revenue of about 28.9 billion yuan.

CPO Stock Prices and Performance Soar Together

Based on secondary market performance, before the Qingming holiday, the CPO concept once again led the market higher. Within the sector, more than 80% of companies saw their stock prices rise; Tengjing Technology, Guangku Technology, Roboteck, and ZhiliFang each rose by more than 10% (see Figure 1).

With the overall market weakening, the CPO concept sector surged higher against the trend. The core drivers come from multiple resonances: strong policy catalysts, validation of industry orders, accelerated commercialization of technology, and concentrated inflows of capital. On the policy side, on April 2, the Ministry of Industry and Information Technology issued the “Special Action on Inclusive Computing Power Empowering Small and Medium-sized Enterprises,” clarifying support for deploying fully optical exchange systems. It requires that by 2027, the deployment rate of all-optical exchanges at important city nodes should be no less than 50%, and the adaptation proportion of CPO for newly built intelligent computing centers should be no less than 60%, with supporting special funding of 21.6 billion yuan from the National Big Fund Phase III. On the industrial front, on the evening of April 2, Roboteck announced that it won a 246 million yuan order for silicon photonic coupling equipment, accounting for 25.9% of its 2025 revenue, confirming high industry momentum. On the technology front, at Nvidia’s GTC conference, CPO was set as the next-generation AI data center standard. Its SpectrumX 102.4T CPO switches are scheduled for large-scale delivery in the second half of 2026. Domestically, 1.6T CPO optical engines have a mass-production yield rate of over 90%, and power consumption is reduced by 40%-50% compared with traditional solutions. With multiple favorable catalysts compounding, CPO has become the most certain track in the AI computing power main storyline; the sector index jumped by more than 4%, clearly outperforming the broader market.

In fact, when looking at performance as well, it is not hard to see that in 2025, the CPO sector achieved solid overall performance growth. Among individual stocks, Yuanjie Technology turned sharply from loss to profit. Companies such as Shijia Optoelectronics, Changxin Bochuang, Guangku Technology, Zhongji Xuchuang, and Hengdong Optical all achieved excellent year-over-year growth in both revenue and net profit attributable to parent.

Holdings of Well-Known Investors Exposed

As annual reports are released, not only are the changes in listed companies’ performance made visible to investors, but the latest positions of well-known investors are also gradually surfacing.

At present, Ge Weidong and related parties such as Ge Guilian and Wang Ping have all appeared in the top ten shareholder lists of 7 companies in total. Ge Weidong publicly holds positions in 4 companies, Ge Guilian publicly holds positions in 2 companies, and Wang Ping publicly holds positions in 4 companies (see Figure 2).

Overall, Ge Weidong still appears to prefer companies with relatively better performance. Among the 7 companies he publicly holds, 5 achieved profit in 2025, and 4 have both operating revenue and net profit attributable to parent increasing.

Ge Guilian’s heavy weighting in Wancheng Group benefits from the sustained rapid expansion of the snack retailer business and the steady improvement in operating efficiency, as well as stabilization and a rebound in the edible fungi business in the second half of the year. In 2025, operating revenue reached 514.59 billion yuan, up 59.17% year over year, and net profit attributable to parent also reached 13.45 billion yuan, a year-over-year increase of 358.09%. Looking at it closely, the first time Ge Guilian appeared among the company’s top ten shareholders was in Q1 2025; since then, she has publicly held the company across 4 reporting periods.

As a senior shareholder of GigaDevice, Ge Weidong has held the position for more than 5 years since newly entering and becoming a heavy holder in Q4 2020. Wang Ping briefly appeared among the top ten shareholders at the end of Q4 2024 before exiting; she returned again at the end of Q4 2025, holding 7.5567 million shares. In terms of performance, in 2025, GigaDevice achieved operating revenue of 92.03 billion yuan, up 25.12% year over year; net profit attributable to shareholders was 16.48 billion yuan, up 49.47% year over year.

Among the top ten shareholders of Cambricon, Zhang Jianping continues to appear. Looking through historical holdings, the first time Zhang Jianping publicly disclosed a holding was in Q4 2024. To date, his heavy holding has lasted for more than one year. Notably, since taking the position, Zhang Jianping has never reduced his holdings, and in Q1, Q3, and Q4 of 2025 he increased his holdings at different scales (see Figure 3). On the evening of March 12, Cambricon disclosed its 2025 annual report. For the full year, operating revenue was 64.97 billion yuan, up 453.21%; and net profit attributable to parent was 20.59 billion yuan, turning from loss into profit. This is Cambricon’s first time achieving annual profitability since it was established in 2016. The company stated that in 2025, AI developed rapidly, and the company actively supported the landing of AI applications, resulting in improved operating performance.

(The individual stocks mentioned in the article are for illustrative analysis only and do not constitute a buy or sell recommendation.)