Zhongji Innolight's revenue in the first half of 2024 will be 10.799 billion yuan, and 400G/800G shipments and revenue will increase significantly - Xunshi Optical Communication Network (iccsz.com)

Zhongji InnoLight's revenue in the first half of 2024 will be 10.799 billion yuan, and 400G/800G shipments and revenue will increase significantly

ICC News Zhongji InnoLight Co., Ltd. (hereinafter referred to as Zhongji InnoLight) released a results announcement for the first half of 2024, and during the reporting period, the company achieved operating income of 107.99 100 million yuan, an increase of 169.70% year-on-year; the operating profit was 2.728 billion yuan, an increase of 282.35% year-on-year; net profit attributable to shareholders of listed companies was 2.358 billion yuan, an increase of 284.26% year-on-year.

During the reporting period, key customers further increased capital expenditures and increased investment in computing infrastructure, the demand for 400G and 800G optical modules increased significantly, and the technology iteration of optical modules to 800G and above rates was accelerated. High-end products such as 400G and 800G have seen significant growth in shipments and revenues. Thanks to the rapid increase in the proportion of high-end products such as 400G and 800G and the continuous cost reduction and efficiency increase, the company's product revenue, gross profit margin and net profit margin have been further improved.

In the first half of 2024, Zhongji InnoLight will continue to promote the construction project of raising funds for the construction project of "Suzhou InnoLight Optical Module Business Headquarters and R&D Center Construction Project". Progress of fundraising projects such as "Tongling InnoLight High-end Optical Module Production Base Project", among which "Tongling InnoLight High-end Optical Module Production Base Project" The implementation has been completed and the project has been completed. In the future, the company will further improve the production capacity of the company's high-end products, lay a solid foundation for ensuring that customers can iterate and scale high-end optical module technology, and maintain the company's competitive advantage in the industry.

From the perspective of products, during the reporting period, the sales volume of Zhongji InnoLight's optical communication transceiver module products reached 6.2 million (the sales volume in the same period of the previous year was 3.46 million), and the operating income was 10.404 billion yuan, a year-on-year increase of 164.95%. According to the announcement, Suzhou Innolight, a subsidiary whose main business is the R&D, production and sales of optical modules, has an operating income of 10.28 billion yuan and a net profit of 2.466 billion yuan. During this year's OFC, InnoLight showcased 800G for data center interconnect ZR/ZR+ transceivers, which can be plugged directly into IP switches for IPoDWDM-based DCI deployments, also demonstrated 800G and 1.6T silicon transceiver solutions.

Zhongji InnoLight is committed to the R&D, design, packaging, testing and sales of high-end optical communication transceiver modules and optical devices, and its products serve cloud computing data centers, data communications, and 5G Domestic and foreign customers in the fields of wireless network, telecom transmission and fixed network access. The company focuses on technology research and development, and promotes the development of products in the direction of high speed, miniaturization, low power consumption and low cost to provide cloud data center customers High-speed optical modules such as 800G, 400G, 200G, and 100G provide 5G for telecom equipment vendor customers Fronthaul, midhaul, and backhaul transceivers for metro, backbone, and core transport transceivers and fixed-line FTTX High-end overall solutions such as optical devices for optical fiber access have maintained a leading edge in shipments and market share in the industry.

In the future business development, the company will make use of the existing superior resources to continue to develop the high-speed optical communication transceiver module business, give full play to the management team's cross-business operation and management advantages, seize the opportunity of the rapid development of the industry, continue to strengthen the four core competitiveness of technological innovation, rapid mass production, scale advantage and quality assurance, further expand the company's high-end product series, maintain steady business performance, continue to improve the quality of operation, and strive to create maximum value for shareholders.