"National Team" Latest Heavy Position Stocks Exposed! This Stock Surged Over 11x, Entering the Thousand-Yuan Stock Club, Who is the Next "Yuanjie Technology"?

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Open Source: Securities Market Weekly Market Edition

Text | Niu Ben

Amid ongoing external conflicts, the A-share market experienced a general correction this week, but some sectors and companies still defied the trend with significant gains. For example, the core company of the optical module (CPO) sector, Yuanjie Technology, continued its upward momentum and on Friday, during intraday trading, strongly hit the “20CM” limit-up, with the stock price successfully entering the thousand-yuan stock club.

It’s worth noting that Yuanjie Technology was an early focus of veteran industry insider Bian Huizong, who issued an important warning when the company’s stock was still low in 2025.

Eighth Thousand-Yuan Stock Emerges

This Friday, related concepts such as photovoltaics, lithium batteries, and CPO led the A-share rally against the trend, with several stocks performing strongly. By midday, stocks like Sun Electric, Shouhang New Energy, and Yuanjie Technology all hit the “20CM” limit-up.

Especially Yuanjie Technology, which has surged over 11 times since the start of the 2025 rally, reaching a historical high of 1,140.00 yuan per share intraday, becoming the eighth stock in A-share history to reach the thousand-yuan mark. Reports indicate that before Yuanjie Technology, stocks that have or had prices above 1,000 yuan include Zhong’an Technology, Aimeike, Kweichow Moutai, Stone Technology, YunSai ZhiLian, Hema股份, and Cambrian-U. Among these, Kweichow Moutai, Aimeike, and Stone Technology reached their all-time highs in 2021, while Hema股份 and Cambrian-U hit new highs in 2022 and 2025, respectively.

Why Yuanjie Technology?

It is reported that Yuanjie Technology specializes in optical chips, with main products including 2.5G, 10G, 25G, 50G, and 100G optical chips, CW light sources, and automotive lidar light sources, mainly used in telecommunications, data centers, and automotive lidar markets. The company has established a full-process IDM system covering chip design, wafer manufacturing, chip processing, and testing, and has achieved bulk supply to the top ten international and leading domestic optical module manufacturers, with final applications in data centers of well-known domestic and international operators and internet companies.

Recently, the GTC and OFC conferences were successfully held, boosting the popularity of the CPO concept. Fundamentally, Yuanjie Technology’s data center business has grown, and the valuation of companies indirectly involved in equity investments has increased, leading to a turnaround from loss to profit in 2025. Its revenue reached 601 million yuan, with a net profit attributable to shareholders of 191 million yuan. In terms of capital flow, the company received increased investment from several well-known institutions, such as the “National Team” National Social Security Fund 602 Portfolio, which increased its holdings by 0.36% during Q3 2025.

In fact, such ten-bagger stocks like Yuanjie Technology are not hard to find. On June 18, 2025, when the stock was still relatively low (see attached chart), veteran industry insider Bian Huizong identified a breakthrough signal and regarded it as a core case.

“National Team” Continues to Increase Holdings

Recently, listed companies are in the intensive disclosure period of their 2025 annual reports. Whether Yuanjie Technology received further “national team” support in Q4 remains unknown, but I will continue to monitor this. With the ongoing AI technology wave, I’ve noticed many related companies receiving increased support from the “national team” in Q4.

For example, ZTE Corporation, a leading global provider of integrated information and communication technology solutions, offers a full range of wireless, wired, computing, energy, and terminal products and services, meeting the diverse and rapid innovation needs of global operators and government-enterprise clients. It also involves concepts like optical circuit switches (OCS) and ASIC chips. Its latest 2025 annual report shows that the company continues to be heavily held by the “National Team” Central Huijin Asset Management.

Another example is Shennan Circuit, which combines concepts like AI AGENT (Lobster) and AI+. During Q4 2025, it received increased holdings from the “National Team” National Social Security Fund 2101 Portfolio, adding 119,800 shares to a total of 3.8142 million shares. According to my statistics, the “National Team” has appeared as a top ten circulating shareholder in 50 listed companies (see Table 1).

Multiple Stocks Entering Upward Channel

Based on my observations, Yuanjie Technology has been in an upward channel for 13 days. Generally, entering an upward channel indicates an uptrend, and many stocks heavily held by the “National Team” are also in upward channels.

A typical example is the National Social Security Fund 2101 Portfolio’s increased holdings in Shennan Circuit, which has been in an upward channel for 57 days—longer than Yuanjie Technology.

Additionally, other “National Team” heavy holdings with long upward channels include China Glass, Highe Environment, Zhong Rare Metals, Capital Online, and Wanfang High-tech (see Table 2).

(Note: The stocks mentioned in the article are for illustrative purposes only and are not buy or sell recommendations.)