Wuhan Optics Valley Seven Stars’ H1 2026 Revenue Likely Tops RMB 100 Billion

The so-called “Optics Valley Seven Stars” refers to seven semiconductor and optoelectronics companies in Wuhan’s Optics Valley: YOFC, Accelink Technologies, HGTech, FiberHome Telecommunication Technologies, Guide Infrared, CICT Mobile, and YMTC, which is advancing toward a STAR Market listing. In the first half of 2026, the six A-share listed entities generated combined revenue of RMB 40.642 billion, with net profit attributable to shareholders of RMB 5.004 billion. YMTC disclosed only first-quarter data for the same period, with revenue of RMB 47.042 billion and net profit attributable to shareholders of RMB 33.379 billion; its second-quarter results have not yet been made public. The seven companies collectively cover optical fiber and cable, optical modules, optical chips, communication equipment, infrared sensing, and storage chips, helping drive a 65.7% year-on-year increase in the value added of large-scale high-tech manufacturing in Wuhan. High-growth sectors delivered strong results during the period. YOFC reported first-half revenue of RMB 9.809 billion, up 53.64% year on year, and net profit attributable to shareholders of RMB 2.925 billion, up 888.88%. Revenue from optical transmission products reached RMB 6.126 billion, up approximately 59.2%, with a gross margin of 63.11%; revenue from optical interconnect components was RMB 2.238 billion, up approximately 55.0%, with a gross margin of 48.97%. Overseas business accounted for more than 40% of total revenue. Accelink Technologies posted first-half revenue of RMB 6.610 billion, up 26.07%, and net profit attributable to shareholders of RMB 582 million, up 56.34%. Its 800G optical modules achieved volume delivery, and 1.6T products are ready for mass production. HGTech reported first-half revenue of RMB 7.822 billion, up 2.53%, and net profit attributable to shareholders of RMB 1.186 billion, up 30.17%. Its overseas revenue grew 116% year on year, accounting for more than 20% of total revenue for the first time, while the share of optical interconnect business rose to 48.62%. Guide Infrared posted first-half revenue of RMB 4.216 billion, up 117.94%, and net profit attributable to shareholders of RMB 1.351 billion, up more than sixfold. Infrared revenue from civilian products accounted for 97.18% of total revenue, and overseas revenue grew 120.04%. However, net cash flow from operating activities was negative RMB 675 million, down 735.23% year on year. Traditional communication equipment showed mixed performance. FiberHome Telecommunication Technologies reported first-half revenue of RMB 12.376 billion, up 11.33%, but net profit attributable to shareholders fell 32.72% to RMB 193 million, affected by industry price competition, exchange losses, and declining margins in traditional businesses. CICT Mobile posted first-half revenue of RMB 2.540 billion, up a marginal 0.09%, with a net loss attributable to shareholders of RMB 34.22 million, narrowing by 44.57% year on year. During the period, it filed 689 new patent applications domestically and abroad and obtained 583 authorized patents, while maintaining substantial investment in 6G pre-research and next-generation communication equipment development. YMTC completed its guidance filing on May 19, 2026, passed the guidance acceptance review on August 19, and received listing acceptance, planning to raise RMB 33 billion, the highest amount since the STAR Market’s inception. According to the prospectus, YMTC’s revenue for 2023, 2024, and 2025 was RMB 18.744 billion, RMB 45.203 billion, and RMB 63.185 billion, respectively. In the first quarter of 2026, quarterly revenue reached RMB 47.042 billion, with net profit attributable to shareholders of RMB 33.379 billion, a comprehensive gross margin of 78.73%, a core storage chip gross margin of 84.23%, and capacity utilization of 98.02%. In the same period, by sales value and shipment volume, YMTC ranked third globally and first in China among NAND Flash manufacturers. Of the planned fundraising, RMB 20.8 billion will be used for technology upgrades to mass production lines, and RMB 12.2 billion for frontier technology R&D, focusing on 3D NAND flash memory above 232 layers, HBM high-bandwidth memory, MRAM, and other next-generation storage products. None of the funds will be used for working capital or non-core investments. Wuhan’s semiconductor industry chain has formed a complete ecosystem spanning chip design, wafer manufacturing, and packaging and testing. In 2025, the Optics Valley had more than 300 integrated circuit industry chain enterprises, with the semiconductor industry’s total output value exceeding RMB 100 billion. The “Wutong Tree Plan” launched in 2026 has established a “5-minute industrial collaboration circle” within a 4.5-kilometer radius around YMTC, with nearly 140 supporting enterprises already in place, covering key segments such as lithography, etching, and metrology and inspection.