Overtaking "Cold King," second only to Moutai, another "thousand-yuan stock" is born in the A-share market

Can AI Break the $1,000 Stock Curse in the Optical Communication Sector?

On March 20, CPO concept popular stock Yuanjie Technology hit the daily limit of 20cm, closing at 1,140 yuan/share, setting a new historical high and becoming the 8th stock in A-share history to surpass 1,000 yuan.

As of April 8, 2025, Yuanjie Technology’s stock price has cumulatively risen over 1,100%.

Currently, Yuanjie Technology’s stock price has surpassed Cambricon, ranking only behind Moutai, and has leaped to become the second highest-priced stock in the A-share market.

A Comeback Based on “Light”

It is noteworthy that just over a year ago, Yuanjie Technology was mired in a performance “face-changing” crisis.

As the first Sci-Tech Innovation Board listed company in the Shaanxi Qinchuangyuan Window, Yuanjie Technology landed on the Sci-Tech Innovation Board in December 2022, focusing on the research, design, production, and sales of optical chips, with products covering 2.5G, 10G, 25G, and higher-speed laser chips.

In the year of its listing, the company’s performance was acceptable, but the good times didn’t last long.

In 2023, affected by the underwhelming sales in the telecom market and data centers, the company’s net profit attributable to shareholders plummeted by 80.58% year-on-year; in 2024, it turned from profit to loss, recording a net loss of 6.1339 million yuan.

At that time, the company’s stock price hovered around 100 yuan, having halved compared to previous peaks, with continuous market skepticism.

The key to the plot twist was the global AI computing power wave that swept through in 2025.

With the explosive development of artificial intelligence technology, the demand for high-speed, low-power optical chips in data centers has grown exponentially. Yuanjie Technology, leveraging its technical accumulation in high-power continuous wave (CW) laser chips required for silicon photonics solutions, has precisely hit the sweet spot.

According to performance reports, Yuanjie Technology’s total operating revenue reached 601 million yuan in 2025, a year-on-year increase of 138.50%; the net profit attributable to shareholders was 191 million yuan, successfully turning around from loss to profit with an astonishing year-on-year growth.

The company stated that the growth in performance was mainly due to the substantial increase in sales of CW light source products in the data center sector, with the gross margin of data center products surpassing that of traditional telecom market products, driving an overall optimization of the product structure.

The “Thousand Yuan Stocks” in A-share History

In the history of A-shares, there have been a total of 7 stocks that have ever had a price above 1,000 yuan, namely Zhong’an Technology, Kweichow Moutai, Yunsai Zhilian, Cambricon, Stone Technology, Hemai Co., and Aimeike.

Thousand yuan stocks often emerge during bull markets or in highly explosive sectors.

Among them, Kweichow Moutai, Stone Technology, and Aimeike all reached their historical highest prices in 2021; Hemai benefited from the photovoltaic energy storage boom in 2022; and Cambricon set a new high in 2025 due to AI chip concepts.

Now, Yuanjie Technology represents the optical communication sector taking up this baton.

From the initial brilliance of its listing to the low point of performance halving, and now standing at the pinnacle of the A-shares, Yuanjie Technology’s experience can be described as a textbook case of a Chinese technology company “defying fate” amidst the AI wave.

However, behind the unlimited glory, risks cannot be ignored.

Among these thousand yuan stocks, aside from Kweichow Moutai and Cambricon, the other thousand yuan stocks have largely retreated. When the tide recedes, companies lacking solid performance will fall from grace.

Similar to Cambricon, Yuanjie Technology’s rise is also inseparable from the theme of the AI era. But whether the two can truly break the long-standing “Moutai curse” in A-shares remains to be verified by the market.