{"city":"Suzhou","name":"Dongshan Precision","slug":"dongshan-precision","facts":[{"date":"2026-06-17","type":"funding_round","value":"USD 1200000000","source":"esmchina.com and trendforce.com"},{"date":"2026-04-21","type":"revenue","value":"RMB 13138000000","source":"SZSE quarterly report via sina.com.cn"},{"date":"2026-04-21","type":"revenue","value":"Electronic circuits revenue","source":"SZSE annual report via 163.com and stockstar.com"},{"date":"2026-04-21","type":"revenue","value":"RMB 40125000000","source":"SZSE annual report via 163.com and stockstar.com"},{"date":"2026-03-16","type":"product_launch","value":"Demonstrated 400G per wavelength TOSA, 12.8T XPO, 6.4T ELSFP, 1.6T and 800G families, and a joint 1.6T transceiver and switch demonstration at OFC 2026","source":"sourcephotonics.com"},{"date":"2025-10-01","type":"ownership_change","value":"Dongshan Precision completed the acquisition of 100% of Source Photonics","source":"esmchina.com"}],"peers":[{"name":"Coherent","rank":19,"slug":"coherent","score":"96"},{"name":"Corning","rank":28,"slug":"corning","score":"94"},{"name":"Innolight","rank":29,"slug":"innolight","score":"94"},{"name":"T&S Communications","rank":35,"slug":"t-s-communications","score":"93"},{"name":"Huagong Tech","rank":55,"slug":"huagong-tech","score":"90"},{"name":"Prysmian","rank":56,"slug":"prysmian","score":"89.5"}],"stage":null,"state":"Jiangsu","aliases":["DSBJ","GMD Group","Hong Kong Chaoyi","MFLEX","Source Photonics","Source Photonics Inc.","Suzhou Dongshan Precision Manufacturing Co., Ltd.","东山精密","索尔思光电"],"country":"China","domains":[{"why":"Through Source Photonics, Dongshan Precision develops and manufactures optical chips, CW lasers, and high-speed optical transceiver modules, including 800G and 1.6T products for AI server interconnects.","list":"AI Infra 100","rank":13,"tier":"member","layer":"Networking & interconnect","total":98,"domain":"AI Core","scores":{"gate_ne":["firepower"],"leverage":8,"position":10,"progress":10,"firepower":10,"commercial":10,"deployment":10,"production":10,"technology":10},"edition":"November 2026","segment":"Optical & photonic interconnect"}],"founded":null,"signals":[{"date":"2026-09-30","header":"Suzhou Dongshan Precision Manufacturing cleared Hong Kong’s final listing hurdle for a planned US$3 billion IPO.","outlet":"SCMP Tech"}],"website":"dsbj.com","category":"AI Infra · Networking & interconnect","categories":[{"name":"Optical & photonic interconnect","domain":"AI Core","parent":"AI Infra · Networking & interconnect"}],"last_round":null,"updated_at":"2026-09-30T13:55:49.642+00:00","facts_total":18,"positioning":"Scoped the same way as TRUMPF, this is one row on the parent with the acquired businesses as aliases. Dongshan is a PCB and precision components maker that bought its way into AI optical interconnect and now claims to be the only company anywhere with full R&D-to-production capability across PCB, optical chips and optical modules. The board approved the Source Photonics acquisition on 2025-06-13 through subsidiary Hong Kong Chaoyi, at up to USD 629 million for 100 percent of the equity plus up to USD 58 million for ESOP interests, with a further subscription of up to RMB 1 billion in convertible bonds, totalling close to RMB 6 billion. FY2025 group revenue passed RMB 40 billion for the first time at RMB 40.125 billion, up 9.12 percent, with net profit attributable RMB 1.386 billion, up 27.67 percent. The traditional electronic circuits business, built on MFLEX which holds the world's second-largest FPC capacity, contributed RMB 25.62 billion, up 3.3 percent, providing cash flow while the new businesses grew. Q1 2026 is where the acquisition shows: revenue RMB 13.138 billion, up 52.72 percent, net profit RMB 1.110 billion, up 143.47 percent and 581.80 percent sequentially, gross margin up 5.19 points to 19.33 percent and net margin up to 8.56 percent. Source Photonics contributed 16.02 percent of revenue and 52.92 percent of profit in that quarter, against 3.58 and 22.69 percent for full-year 2025. On the optical side it runs an IDM model spanning indium phosphide substrate th","sub_category":"Optical & photonic interconnect","signals_total":1,"url":"https://www.frontiertechintelligence.com/companies/dongshan-precision","title":"Dongshan Precision · ai core, Suzhou, Jiangsu, China · scores, facts and signals · Frontier Tech Intelligence","description":"Through Source Photonics, Dongshan Precision develops and manufactures optical chips, CW lasers, and high-speed optical transceiver modules, including 800G and 1.6T products for AI server interconnects. AI Infra 100 rank 13 (score 98) 1 signals and 18 facts with sources.","publisher":"Frontier Tech Intelligence (Future Frontiers, a trade name of Essential Cognition Inc.)","note":"Assessment by Frontier Tech Intelligence; facts and signals carry their sources."}