Surpassing the "Cold King," Second only to Moutai! Another thousand-yuan stock is born on A-shares

On March 20, Yuanjie Technology, a popular stock in the CPO concept, hit the 20-cent limit-up, closing at 1,140 yuan per share, setting a new all-time high and becoming the eighth stock in A-shares to reach a thousand yuan.

Based on the closing price as of April 8, 2025, Yuanjie Technology’s stock price has increased by over 1,100% to date.

So far, Yuanjie Technology’s stock price has surpassed Cambrian, ranking second in A-shares only behind Moutai.

A Comeback with “Light”

It is worth noting that just over a year ago, Yuanjie Technology was still mired in performance “turnaround” issues.

As the first Sci-Tech Innovation Board listed company in Shaanxi Qinchuangyuan, Yuanjie Technology listed on the STAR Market in December 2022. Its main business is the research, design, production, and sales of optical chips, covering 2.5G, 10G, 25G, and higher-speed laser chips.

In its IPO year, the company’s performance was decent, but the good times did not last.

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

At that time, the stock price hovered around hundreds of yuan, roughly halving from its previous high, and market skepticism was widespread.

The key to the turnaround was the AI computing power wave sweeping the globe 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 CW (continuous wave) laser chips needed for silicon photonics solutions, precisely caught the wind.

Performance brief shows that in 2025, Yuanjie Technology’s total operating revenue reached 601 million yuan, a year-on-year increase of 138.50%; net profit attributable to the parent company was 191 million yuan, successfully turning losses into profits, with an astonishing growth rate.

The company stated that the main driver of performance growth was the significant increase in sales of CW optical source products in the data center field, and the gross profit margin of data center products has surpassed that of traditional telecom market products, driving overall product structure optimization.

“Thousand-Yuan Stock” in A-shares History

In the history of A-shares, a total of seven stocks have previously or currently traded above 1,000 yuan, namely Zhong’an Technology, Kweichow Moutai, YunSai ZhiLian, Cambrian, Stone Technology, Hema股份, and Aimeike.

Thousand-yuan stocks are mostly born in bull markets or in highly explosive sectors.

Among them, Kweichow Moutai, Stone Technology, and Aimeike all reached their historical highs in 2021; Hema股份 benefited from the 2022 photovoltaic energy storage boom; Cambrian hit new highs in 2025 due to the AI chip concept.

Now, Yuanjie Technology, representing the optical communication sector, has taken over this baton.

From the initial glory of listing, to the performance halving in the low valley, and now standing at the top of A-shares, Yuanjie Technology’s journey is a textbook example of a Chinese tech company “defying the odds” in the AI wave.

However, behind the glory, risks should not be ignored.

Among these thousand-yuan stocks, except for Kweichow Moutai and Cambrian, most have already fallen significantly. When the tide recedes, companies lacking solid performance will fall from the altar.

Similar to Cambrian, Yuanjie Technology’s rise also depends on the theme of AI. But whether both can truly break the long-standing “Moutai curse” in A-shares remains to be seen by the market.