中际旭创定于7月30日在香港交易所主板上市，这是2026年港股募资规模最大的首次公开发行，也是近七年来港股最大新股发行项目 [1]。公司H股全球发售定价每股980港元，基础募资约534亿港元，若行使15%超额配售权，总募资规模将达614亿港元 [1]。来自淡马锡、高瓴、阿里、腾讯等全球顶级机构的29家基石投资者合计认购约34.5亿美元，占发售股份近半 [1]。
中际旭创业绩增长强劲 [1]。2025年公司营业收入382.40亿元，同比增长60.25%；归母净利润107.97亿元，同比增长108.78% [1]。进入2026年，增长势头进一步加快，一季度营收194.96亿元，同比增长192.12%；归母净利润57.35亿元，同比增长262.28% [1]。毛利率稳步提升，从2023年的31.6%攀升至2026年一季度的45.5%-46.1% [1]。2025年境外收入346.37亿元，占营业总收入的90.58%，国际业务占比接近九成 [1]。
在全球市场中，中际旭创2025年全球光互连市场占有率达21.2%，高速数通光模块细分领域市占率达28.1% [1]。在英伟达1.6T光模块采购中，公司份额高达80% [1]。公开发售阶段获得719.9亿港元孖展资金，超额认购逾13倍 [1]。
China Optics (Zhongjixuangchuang) will list on the Hong Kong Stock Exchange main board on July 30, marking 2026's largest Hong Kong IPO by fundraising scale and the biggest new share offering in the city over the past seven years [1]. The company has priced its shares at HK$980 per share, with a base offering of 54.5 million shares expected to raise approximately HK$53.4 billion [1]. Should the company exercise its 15% overallotment option in full, total fundraising could reach approximately HK$61.4 billion [1].
The offering has attracted significant institutional backing, with 29 leading global investors—including Temasek, Hillhouse Capital, Alibaba, and Tencent—committing to purchase approximately US$3.45 billion in shares, representing close to half of the total offering [1]. During the public subscription phase, the company received HK$71.99 billion in margin financing, with subscription oversubscribed more than 13 times [1].
The optical interconnect specialist demonstrated strong financial performance, reporting 2025 revenues of 38.24 billion yuan with year-on-year growth of 60.25%, while net profit attributable to shareholders reached 10.797 billion yuan, up 108.78% year-over-year [1]. In the first quarter of 2026 alone, the company generated revenue of 19.496 billion yuan, surging 192.12% compared to the same period previously, with net profit climbing 262.28% to 5.735 billion yuan [1]. Gross margins have expanded significantly from 31.6% in 2023 to 45.5%-46.1% in the first quarter of 2026 [1]. International operations accounted for 34.637 billion yuan, or 90.58% of total 2025 revenues [1].
Commercially, China Optics captured a 21.2% share of the global optical interconnect market in 2025, with a commanding 28.1% market share in the high-speed data center optical module segment [1]. The company supplies 80% of NVIDIA's 1.6T optical modules [1].
