Accelink technologies seeks yuan 350m capital raise for expansion, R&D

Wuhan Accelink Technologies Co., Ltd. announced its intention to issue shares to specific investors, aiming to raise up to yuan 350 million. The funds will be allocated to two key projects: the computing center optical connectivity and high-speed optical transmission product production project (yuan 208.29 million) and the high-speed optical interconnection and emerging optoelectronics technology R&D project (yuan 61.71 million), with an additional yuan 80 million for working capital. This strategic move aims to address market demand for high-speed optical modules, particularly 800G and 1.6T products, driven by the expanding AI computing market.

The proposed share issuance is capped at 242,055,525 shares, not exceeding 30% of the company's total share capital prior to the issuance. China Information and Communication Technologies Group Co., Ltd., Accelink's actual controller, plans to subscribe to at least 10% and no more than 38% of the new shares in cash, indicating continued strong support.

The company's latest financial data up to September 30, 2025, show total assets of yuan 1.64 billion and net assets attributable to shareholders of yuan 977.69 million. For the first nine months of 2025, operating revenue was yuan 853.16 million, with net profit attributable to shareholders of yuan 71.90 million. This capital increase is crucial for enhancing the company’s competitiveness and achieving its strategic objectives by expanding high-end product capacity and accelerating R&D in cutting-edge optical technologies.