Futu News reported on April 27 that$XIZHI TECH-P (01879.HK)$The stock surged significantly in the gray market, rising by 305.57% to HKD 743 per share. With each lot containing 15 shares, excluding transaction fees, a profit of HKD 8,397 can be made per lot.
Source of Market Data: Futu Securities
Company Overview
Xizhi Technology focuses on the field of optoelectronic hybrid computing power, an innovative paradigm that integrates the advantages of photonics and electronics. In 2017, Dr. Shen Yichen, the founder of the company, published a paper in Nature Photonics, which for the first time demonstrated the feasibility of using light for computation, laying the foundation for subsequent technological advancements in this field. Leveraging this scientific breakthrough, the company has transformed cutting-edge research achievements into engineering capabilities and product advantages, and on this basis, developed multiple technologies and converted them into products and solutions.
The company's optoelectronic hybrid computing power products are based on three core chip technologies: on-chip optical network (oNOC), inter-chip optical network (oNET), and photonic matrix computing (oMAC). These provide more efficient and cost-effective optoelectronic hybrid computing solutions, directly addressing industry development bottlenecks such as the 'memory wall' and 'power consumption wall.' The company’s optoelectronic chip technology can work efficiently in tandem with traditional electronic chips because optical interconnects primarily operate at the physical layer, focusing on the transmission of optical signals (photons) rather than interpreting specific logical data protocols, which are more tightly coupled with electrical interconnects; thus, optical interconnects are inherently protocol-agnostic.
Financial Highlights
The revenue of Xichip Technology increased from RMB 38.2 million in 2023 to RMB 60.2 million in 2024, and further grew to RMB 106.4 million in 2025. The company's R&D expenditures were RMB 279.8 million, RMB 352.1 million, and RMB 479.0 million in 2023, 2024, and 2025, respectively. Net losses recorded for 2023, 2024, and 2025 were RMB 413.5 million, RMB 735.3 million, and RMB 1,342.4 million, respectively.
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Editor/Deng