Fujing Technology plans to set up an optoelectronic company with a wholly-owned capital of 80 million yuan to promote the company’s market expansion

A few days ago, Fujian Fujing Technology Co., Ltd. announced that it plans to invest and set up a wholly-owned subsidiary Fujian Zhiqi Photonics Technology Co., Ltd. with its own or self-raised capital of 80 million yuan, and Fujing Technology holds 100% of its equity. At the same time, the company will also set up a board of directors. The three members of the board of directors and the chairman of the board are appointed by Fortune Technology.
According to the announcement, the business scope of Fujian Zhiqi Photonics Technology Co., Ltd. includes research and development of special electronic materials, manufacturing of special electronic materials, sales of special electronic materials, manufacturing of optical instruments, sales of optical instruments, manufacturing of electronic components, manufacturing of optoelectronic devices, and sales of optoelectronic devices.
Fujing Technology said that the investment in the establishment of subsidiaries is based on the needs of the company’s strategy and business development, aimed at optimizing the company’s product and business layout, promoting the company’s market expansion, cultivating new business growth points, and improving the company’s comprehensive competitiveness.
According to the public information, Fujing Technology was founded on October 31, 2001 and listed on the Shenzhen Stock Exchange on March 19, 2008. The company is mainly engaged in the research, development, production and sales of nonlinear optical crystals, laser crystals, precision optical elements and laser devices. The company’s products are mainly used in the manufacture of solid-state lasers and fiber lasers, which are key components of the aforementioned laser systems. Some precision optical components are used in optical communication, AR, laser radar, semiconductor equipment, optical detection equipment, analytical instruments and scientific research.
The company provides key components for laser manufacturers, and its main products and businesses are at the upstream of the laser industry chain, including various core components such as crystal materials, optical lenses, pump sources, galvanometers, gratings, laser chips, special optical fibers, fiber combiners, isolators, etc.
On October 26, Fortune Technology disclosed its report for the third quarter of 2022. According to the financial report, the operating revenue of Fujing Technology in the first three quarters of 2022 was 606 million yuan, up 11.25% year on year; The net profit attributable to shareholders of listed companies was about 187 million yuan, up 16.35% year on year; Basic earnings per share is 0.4373 yuan. The net cash flow from operating activities was 195.6 million yuan, up 92.18% year on year; The total assets were 1.552 billion yuan, up 12.64% year on year.
Among them, the revenue in the third quarter was 212 million yuan, up 10.83% year on year, and the net profit attributable to shareholders of listed companies was 68035800 yuan, up 14.68% year on year; The basic earnings per share is nearly 0.16 yuan.
Fujing Technology has been deeply engaged in its main business for a long time, and its products have been widely used by well-known laser companies at home and abroad, such as Coherence, Spectral Physics, Tongkuai, IPG, Lumentum, Ennai, Han’s Laser, Inno Laser, Yinggu Laser, Huari Laser, Ruike Laser, Chuangxin Laser, and Jet. The company’s brand “CASTECH” has established a market image of high technology, high quality and excellent service in the global laser industry.
The company is the largest manufacturer of LBO, BBO crystals and their components in the world. Its core products are in the leading position in the industry and its market share is the first in the world. In 2019, the company won the honor of “2019 Influential Enterprise in China’s Optoelectronics Industry” by the China Optics and Optoelectronics Industry Association.
In recent years, while consolidating and improving the laser optics and communication optics products, Fujing Technology has laid out the high-end optical component market in emerging markets. The independently developed acoustooptic devices, magneto-optical devices and other devices have been recognized by customers of ultraviolet lasers, fiber lasers and ultra-fast lasers and have achieved mass supply. Some device products have broken the monopoly of foreign manufacturers and achieved domestic substitution, Become one of the leading suppliers of laser devices in China.