In a notable trading session on September 8, shares of CREALIGHTS (01191.HK) experienced a significant surge during the late afternoon, ultimately closing the day up by an impressive 31.58%. The stock reached a price of HK$150, with trading volume expanding to HK$428 million, bringing the company's total market capitalization to HK$13.73 billion.

The rally was fueled by a confluence of positive developments. Starting September 7, the company was officially added to the list of eligible stocks for the Stock Connect program. This inclusion allows investors from mainland China to directly trade shares of CREALIGHTS through the Hong Kong Stock Connect mechanism. Given that the company only listed on the Hong Kong Stock Exchange at the end of June, this new status is expected to broaden its investor base and potentially attract incremental capital from southbound funds. The prospect of improved liquidity has been a major catalyst for the stock's recent momentum.

Additionally, CREALIGHTS recently announced a long-term strategic partnership with GlobalFoundries. The collaboration focuses on the engineering deployment and large-scale production of 6.4T NPO products. This initiative aims to address the wafer manufacturing challenges for next-generation silicon photonics optical engines, advancing the commercialization of NPO/CPO technologies for the next wave of AI interconnect solutions. By filling a critical gap in its manufacturing chain, this move has strengthened market confidence in the company's ability to deliver future-generation products.

Looking ahead, the 2026 China International Optoelectronic Exposition (CIOE) is scheduled to take place from September 9 to 11 at the Shenzhen World Exhibition & Convention Center. As one of the most influential global events in the optoelectronics sector, it is expected to serve as a new catalyst for the optical communications segment. Key players in the information and communication technology industry will showcase cutting-edge products, including 1.6T high-speed pluggable optical modules, CPO/NPO co-packaged optics, and MPO high-speed fiber connectors. These exhibits are set to comprehensively illustrate the evolution of next-generation computing networks and data center optical interconnect technologies.

According to research from Guolian Minsheng Securities, based on product developments disclosed by exhibitors, 1.6T technology is gradually entering the phase of mass production scaling, while 3.2T and higher-tier products are progressing through sampling and customer validation. As AI cluster scales continue to expand, the commercialization progress of innovative architectures such as NPO, CPO, and XPO is expected to be one of the key highlights of this year's event.

Currently, CREALIGHTS has established end-to-end capabilities spanning from chip design to module manufacturing. Its single-mode optical modules rated at 400G and above fully utilize silicon photonics technology. The product portfolio covers speeds ranging from 100G to 800G, with forward-looking investment in next-generation technologies including 1.6T, 3.2T, CPO, and NPO to address ongoing application demands. The company is well-positioned to benefit from industry trends, suggesting promising long-term prospects.

On the financial front, CREALIGHTS reported first-half 2026 revenue of RMB 798 million, representing a year-on-year increase of 14.37%. However, net losses during the period widened significantly to RMB 118 million due to sustained investment in research and development, and the company has yet to achieve profitability. The sharp rise in the share price reflects market optimism about the company's future potential rather than its current financial performance.

Worth noting, as a popular AI-themed stock in the Hong Kong market, CREALIGHTS now awaits consideration for inclusion in the thirteenth edition of the Hong Kong Top 100 Research Institute's candidate list. The selection process for the upcoming Top 100 ranking has entered its preparatory phase, with registration channels for various candidate lists now open.