Henan Shijia Photons Technology Co., Ltd.: history, ownership, mission, how it works & makes money

From its October 2010 founding to its Sci‑Tech Innovation Board debut on August 12, 2020, Henan Shijia Photons Technology Co., Ltd. has surged from a regional optics startup to a global supplier that by 2014 supplied over 50% of the global market for PLC optical splitter chips; today the Hebi‑headquartered firm boasts a market capitalization of about 49.27 billion CNY (Dec 12, 2025) on the Shanghai exchange (ticker 688313.SS), with trailing‑twelve‑month revenue of 1.91 billion CNY and net income of 328.44 million CNY as of Sept 30, 2025, driven by booming product lines-from PLC splitters and AWG chips to DFB lasers and indoor optical cables-recent quarterly sales of 567.81 million CNY (Q3 2025, +102.14% YoY), ongoing innovation such as the April 2025 1550nm DFB launch, global expansion into Silicon Valley and other sites, and strategic moves like the planned acquisition of Dongguan Fucxima to secure supply chains and scale production.

Henan Shijia Photons Technology Co., Ltd. (688313.SS): Intro

Henan Shijia Photons Technology Co., Ltd.: History, Ownership, Mission, How It Works & Makes Money

History & Milestones

• Established: October 2010 in Hebi, Henan Province, China, with an initial focus on optical communications and photonic device R&D and manufacturing.
• September 2012: Launched PLC (planar lightwave circuit) optical splitter chip series, a strategic product expansion into passive photonic components.
• 2014: Reported chip sales that accounted for over 50% of the global demand market in its targeted product categories, elevating its position as a leading supplier in optical communications.
• 2015: Introduced a series of DFB (distributed feedback) laser chips and began offering integrated 'passive + active' chip modules, broadening product mix toward active photonic components and modules.
• 2017: Global expansion - established the Henan Research Institute, opened a Silicon Valley office (USA), and launched a Wuhan branch to support R&D, international business and domestic market coverage.
• August 12, 2020: Listed on the Shanghai Stock Exchange Sci‑Tech Innovation Board (STAR Market), ticker 688313.SS - the first listed company in Hebi.

Ownership & Corporate Structure

• Listed entity: Henan Shijia Photons Technology Co., Ltd. is a publicly traded company on the Shanghai Sci‑Tech Innovation Board (stock code 688313.SS).
• Shareholder categories: mix of founders/management, institutional investors (including securities firms and asset managers), employees via incentive schemes, and public shareholders following the IPO.
• Corporate footprint: Headquarters in Hebi, R&D centers (including the Henan Research Institute), domestic branches (Wuhan) and an overseas presence (Silicon Valley office) to support international customers and technology collaboration.

Mission, Vision & Core Capabilities

• Mission: Develop high-performance photonic chips and modules to enable optical communications, data center interconnects, FTTH/FTTx solutions and related applications.
• Core capabilities: PLC splitter chips, DFB laser chips, integrated passive+active photonic modules, and vertically integrated production from epi-wafer processing to module assembly and testing.
• R&D emphasis: Photonic integration, laser diode performance, low-loss waveguide design, and packaging to improve reliability and reduce cost per port.

How It Makes Money - Business Model & Revenue Drivers

Key Operational & Market Facts

• Product breadth covers both passive components (e.g., PLC splitters) and active components (e.g., DFB lasers), allowing capture of value across the optical component value chain.
• Vertical integration (chip design → wafer processing → module assembly) supports margin control, product consistency, and scalable manufacturing.
• Public listing on the STAR Market (688313.SS) provided capital for capacity expansion, R&D and global market development.

Selected Corporate Data (publicly observable items)

R&D & Globalization Strategy

• Maintain advanced R&D through domestic research institutes and an overseas (Silicon Valley) presence to access global talent and partnerships.
• Invest in photonic integration and packaging technology to lower cost-per-port and enable scalable deployments in telecom and datacom markets.
• Leverage STAR Market listing proceeds to expand production capacity, certify products to international standards, and grow export sales.

Henan Shijia Photons Technology Co., Ltd. (688313.SS): History

• Market capitalization (as of December 12, 2025): 49.27 billion CNY
• Shares outstanding: 451.99 million
• EPS (TTM through Sep 30, 2025): 0.73 CNY
• P/E ratio: 150.05
• Stock exchange/listing: Shanghai Stock Exchange, 688313

• Publicly traded company with institutional and retail investor base; high P/E (150.05) reflects strong investor growth expectations.
• Local significance: first listed firm from Hebi, raising regional profile and capital access.

• Design, manufacture and sell optical transceivers, modules and passive components to telecom carriers, cloud/data center operators and system integrators.
• Revenue mix driven by product shipments and value-added services tied to high-speed networking upgrades.

Henan Shijia Photons Technology Co., Ltd. (688313.SS): Ownership Structure

• Mission: Pioneer high-performance optical solutions to advance global communications and technology with quality, innovation and customer focus.
• Vision: Enable a globally interconnected future through advanced optoelectronics, driving innovation and sustainability.
• Motto: 'Empower the network, create the future with intelligence.'

• Major shareholders: a mix of founding management, institutional investors (including strategic industry partners), and public float on the SSE STAR Market (ticker: 688313.SS).
• Board composition: executive management plus independent directors with telecom, optoelectronics and finance expertise to support corporate governance and long-term strategy.
• Employee incentives: equity and stock-option plans align management and staff with shareholder value and technological milestones.

• Quality & management systems: ISO 9001, ISO 14001, ISO 45001.
• Product & environmental compliance: RoHS, CE, REACH; approvals for specific markets such as ANATEL for Brazil.
• Customer focus: product customization, cost-reduction programs and post-sales technical support to strengthen client competitive advantage.

• Product sales: optical transceivers, modules, passive components sold to telecom carriers, cloud operators, enterprises and equipment manufacturers.
• Custom engineering & ODM/OEM: margin-accretive, long-term supply agreements with tier-1 customers.
• After-sales services: testing, integration, warranty and lifecycle upgrades providing recurring revenue and higher customer stickiness.

• Customer mix: domestic carriers & cloud providers (~60%), international OEMs and distributors (~40%).
• Capacity utilization: typically 70-90% depending on product mix and seasonal demand.
• Average contract tenor: multi-year supply agreements of 1-5 years for key accounts.

• Expand high-speed coherent and next-generation pluggable optics for hyperscale data centers.
• Increase automation and yield in manufacturing to lower unit costs and improve margins.
• Broaden global certification footprint and after-sales presence to accelerate overseas penetration.

Henan Shijia Photons Technology Co., Ltd. (688313.SS): Mission and Values

• Core business areas: optical chips & components, indoor optical cables, cable materials.
• Dual-chip platform: passive and active chip platforms supporting module development.
• Primary applications: fiber-optic communications, data centers, 4G/5G infrastructure, backbone and metropolitan networks, FTTH, fiber optic sensing.
• R&D strength: team of over 20 engineers with more than six years' experience in the fiber optics industry.

• Component design and fabrication: in-house development of optical chips (both passive and active) and discrete components that feed into device modules.
• Module integration: device-module manufacturing combining chip, connectorization, and housing tailored for system integrators and carriers.
• Cable production: indoor optical cable design and extrusion using proprietary cable materials to meet installation and fire-safety standards.
• Quality and testing: dust-free workshops plus automated testing systems (auto-test, auto-align) ensure alignment tolerance, insertion loss, and long-term reliability.

• Product sales: direct sales of optical chips, modules, indoor cables, and raw cable materials to OEMs, system integrators, and carriers.
• Customized solutions: contract development and module customization for large data center and telecom customers (project-based pricing).
• After-sales and testing services: reliability testing, qualification services, and spares for deployed networks.
• Channel partnerships: distribution through domestic and international partners for FTTH and enterprise deployments.

• Dual-chip platform capability enables vertical integration from chip to module.
• Experienced R&D team accelerates time-to-market for new transceiver and sensing products.
• Automated alignment and testing reduce yield variance and improve mean time between failures (MTBF).
• Comprehensive certifications and international compliance facilitate export and carrier acceptance.

Henan Shijia Photons Technology Co., Ltd. (688313.SS): How It Works

• Founded in Henan province, Shijia Photons evolved from an optical components R&D team into a listed company on the Shanghai STAR Market (ticker 688313.SS).
• Ownership structure: mix of institutional investors, retail shareholders and management holdings; public float supports active secondary-market liquidity.
• Strategic partnerships with telecom operators and data-center integrators underpin domestic and international distribution channels.

• Mission Statement, Vision, & Core Values (2026) of Henan Shijia Photons Technology Co., Ltd.
• Core focus on optical component innovation (PLC splitters, AWG, DFB lasers), vertical integration of module assembly, and expansion into LiDAR and sensing applications.

• Product sales: manufacturing and direct sale of optical components and modules - PLC optical splitter chips, AWG chips, DFB laser chips, optical fiber connectors, indoor optical cables.
• Solutions and services: customized module integration, testing, and after-sales technical support for telecom operators, data centers, and industrial sensing customers.
• Market end‑uses: fiber‑optic telecommunication networks, data centers, 4G/5G base stations and transport networks, backbone/MAN, FTTH deployments, LiDAR systems, and fiber optic sensing networks.
• Revenue mix: component sales form the bulk of revenue; higher-margin specialized modules (DFB lasers, AWG) and service contracts increase overall gross margin.

• R&D-driven product development: in-house design of PLC, AWG and DFB dies, iterative validation in lab and field trials.
• Vertical manufacturing: wafer-level processing for optical chips, precision assembly for connectors and modules, automated testing lines to ensure yield and reliability.
• Channel and project sales: direct contracts with carriers and hyperscalers; tiered distribution for FTTH and enterprise segments.
• Aftermarket and services: spares, warranty, integration support, and periodic upgrades for deployed systems.

• Accelerated FTTH rollouts and 5G transport requirements driving demand for splitters, AWGs and high-reliability connectors.
• Data-center expansion and optical interconnect upgrades increasing need for dense, low-loss modules.
• New applications (LiDAR, distributed fiber sensing) enable diversification and higher ASPs for specialized chips and modules.

Henan Shijia Photons Technology Co., Ltd. (688313.SS): How It Makes Money

• Core product lines: DFB/DFB-based modules, tunable lasers, optical transceivers, coherent receiver modules, and custom photonic integration.
• Revenue channels: direct sales to carriers and hyperscalers, distributor networks, system integrator projects, and aftermarket/module servicing.
• Value-add services: R&D-driven customization, qualification/testing, and supply-chain managed assembly for large OEM programs.

• Leadership claim: recognized as a leading entity in China's optical communications sector with broad product portfolio and strong in-house R&D teams.
• Global footprint: subsidiaries in Henan, Silicon Valley and Wuhan; active participation at ECOC 2025 (Copenhagen) and CIOE 2025 to expand international OEM/customer pipeline.
• Supply-chain & M&A: planned acquisition of a controlling stake in Dongguan Fucxima Communications Technology Co., Ltd. via share issuance plus cash to strengthen vertical integration and component security.

• Innovation edge: 1550nm DFB launch signals technology upshift toward high-value markets (coherent optics, sensing), improving average selling prices and margin expansion potential.
• Verticalization: acquisition of Dongguan Fucxima expected to reduce procurement risk, shorten lead times, and increase gross margin capture across modules.
• Global expansion: exhibitions and Silicon Valley presence aim to accelerate international OEM wins and diversify revenue by region and end-market.
• Quality & standards: adherence to international certifications and customer qualification programs underpins access to hyperscaler and telecom supply chains.