2025‑12‑17 Trading Update – Linktel Technologies (002104)
Linktel Technologies, listed on the Shenzhen Stock Exchange under ticker 002104, achieved a near‑15 % intraday gain, reaching a new all‑time high of 164.88 CNY. The surge was part of a broader rally in the CPO (Chip‑on‑Package) concept that saw several peer companies hit record highs, including Huanyu Electronics (环旭电子) and Changfeng Fiber (长飞光纤).
The 15 % jump in Linktel’s price pushed the stock to a 52‑week high, close to the recent maximum of 164.88 CNY recorded on 2025‑12‑14. With a market capitalization of 20 bn CNY and a price‑earnings ratio of 149.55, the rally underscores heightened investor interest in high‑performance optical modules, a sector where analysts forecast substantial growth.
Key Market Context
| Item | Detail |
|---|---|
| Date of rally | 2025‑12‑17 |
| Closing price | 159 CNY |
| 52‑week high | 164.88 CNY |
| Market cap | 20 bn CNY |
| PE ratio | 149.55 |
The CPO concept gained momentum after LightCounting projected a 2029 global light‑module market exceeding 37 bn USD. 800 Gb/s modules are expected to peak in 2025, with shipments projected at 18–20 million units, doubling demand relative to 2024. 1.6 Tb/s modules are projected to enter commercial use in 2025, with global demand of 2.5–3.5 million units.
The communication sector experienced a net outflow of 76.82 bn CNY on 2025‑12‑16, marking a 2.95 % decline for the industry. Despite the broader sell‑off, Linktel’s intraday rise indicates selective buying in the sector.
In the preceding week, the market recovered from a trough; all major indices closed in the red, while the ChiNext index rose nearly 1 %. Trading volume on the Shanghai and Shenzhen exchanges totaled 2.09 trillion CNY, a 235.1 bn CNY increase from the prior day.
Comparative Performance
| Peer Company | 2025‑12‑17 Performance |
|---|---|
| Huanyu Electronics | Price‑limit up, new high |
| Changfeng Fiber | Price‑limit up |
| Tianfu Communications | Significant rise |
| Guangku Technology | Significant rise |
| Xin Yi Sheng | Significant rise |
| Changxin Bochuang | Significant rise |
| De Koli | Significant rise |
Linktel’s performance aligns with these peers, suggesting a sector‑wide rally driven by expectations of rising demand for advanced optical modules.
Conclusion
Linktel Technologies’ 15 % intraday gain reflects strong market enthusiasm for the CPO concept and the broader communication technology sector. The stock’s movement to a 52‑week high, combined with a high market capitalization and a robust earnings outlook, positions it as a focal point for investors monitoring the evolving optical module market.
