Wuhan Changjin Photonics Technology Co, a leading producer of specialty optical fibers in Wuhan East Lake High-tech Development Zone (Optics Valley of China, or OVC), recently became the 72nd company in the zone to be listed on the Shanghai Stock Exchange's STAR Market.

The bell-ringing ceremony for Changjin Photonics' listing. [Photo/WeChat account of Optics Valley of China]

In its Initial Public Offering (IPO), Changjin Photonics set its share price at 40.98 yuan ($6), issuing 23.42 million shares and raising approximately 960 million yuan. The funds will primarily be used to build a high-performance specialty optical fiber production base and R&D center, as well as to supplement working capital, in order to alleviate current production capacity constraints and enhance the company's research capabilities.

Changjin Photonics will establish a specialty optical fiber production base. [Photo/WeChat account of Optics Valley of China]

Founded in 2012, Changjin Photonics is a leading developer of specialty optical fiber technology in China. The company focuses on technological innovation and has successfully commercialized many of its scientific achievements, strengthening China’s domestic specialty optical fiber capabilities. 

Through years of research and development, Changjin Photonics has established a comprehensive domestic technological system. By the end of 2025, the company held 37 invention patents, giving it a strong competitive edge.

Employees of Changjin Photonics conduct research in the laboratory. [Photo/WeChat account of Optics Valley of China]

The listed companies in OVC currently account for more than 60 percent of the city's total and about one-third of those in the province, with a total market value exceeding 1.6 trillion yuan. Additionally, seven more companies are preparing for listing.