Changxin Bochuang Acquires Additional 2.20% Stake in Changxin Sheng for 196 Million Yuan

Changxin Bochuang Spends Nearly 200 Million Yuan to Increase Stake in Changxin Sheng, Reinforcing Optical Communications Core Portfolio

According to 36Kr, Changxin Bochuang recently announced that the company plans to acquire a 2.20% stake in its subsidiary Changxin Sheng (Wuhan) Technology Co., Ltd. for 196 million yuan in cash. Upon completion of the transaction, Changxin Bochuang's shareholding in Changxin Sheng will increase from 60.45% to 62.65%, further consolidating its controlling position.

Notably, another major shareholder of Changxin Sheng — Yangtze Optical Fibre and Cable Joint Stock Limited Company (YOFC), which is also the controlling shareholder and ultimate controller of Changxin Bochuang — currently holds 37.35% of Changxin Sheng. After the completion of this transaction, Changxin Sheng will continue to operate within the YOFC corporate ecosystem.

Changxin Sheng: Focused on Data Center Interconnect and High-Speed Optical Cables

Changxin Sheng positions itself as an optical communications solutions provider, with business spanning three core areas: data communications, consumer electronics, and industrial interconnect. Its product portfolio includes:

• Data center interconnect products: Various high-speed cables and passive pre-terminated patch cords, serving high-speed data transmission needs within data centers;
• High-speed Active Optical Cables (AOC): Widely used in consumer, industrial, and medical interconnect scenarios, serving as key connectivity components in current AI computing infrastructure;
• High-speed analog chips and optoelectronic modules: Covering processor interface requirements across different scenarios, with vertical integration capabilities spanning from chips to modules.

Against the backdrop of surging computing demand driven by AI large model training and inference, data center internal interconnect bandwidth is continuously upgrading, and high-speed optical cables and AOC products are experiencing significant market growth.

Industry Context: AI Computing Power Driving Surge in Optical Interconnect Demand

As large language models continue to scale, GPU cluster interconnect requirements are driving data center internal networks toward higher speeds. 800G and even 1.6T optical interconnect have become the industry's development trajectory, and high-speed Active Optical Cables (AOC) play an indispensable role in short-distance interconnect scenarios thanks to their low power consumption, low latency, and high density advantages.

As a globally leading optical fiber and cable manufacturer, YOFC is extending from traditional optical fiber and cable into the upstream data center optical interconnect supply chain through the coordinated efforts of Changxin Bochuang and Changxin Sheng. This stake increase also signals YOFC's continued commitment to investing in high-end optical communications product lines.

Outlook: Clear Industry Consolidation Trend

Changxin Bochuang's increased stake in Changxin Sheng is a typical case of internal resource consolidation within the optical communications supply chain. Amid the accelerating trend of AI infrastructure construction, companies with vertically integrated capabilities spanning "chips + modules + cables" will hold stronger competitive advantages. Looking ahead, as data center construction continues to expand, Changxin Sheng's market opportunities in the high-speed interconnect space are expected to grow further.