Zhitong Finance App News, Zhongji Xuchuang (300308.SZ) issued an announcement on the company's recent production and operation situation. The company's production and operation are all normal, the supply chain is stable, capacity utilization is sufficient, and customer order demand is strong. From 2017 to 2025, the company's revenue increased from 2,357 billion yuan to 38.240 billion yuan, with a compound annual growth rate of 41.67%; net profit attributable to shareholders of listed companies increased from 162 million yuan to 10.797 billion yuan, with an average compound annual growth rate of 69.03%. Revenue for the first half of 2026 was 41,778 billion yuan, up 182.49% year on year; net profit attributable to shareholders of listed companies was 13.651 billion yuan, up 241.70% year on year. In future business development, the company will use its existing superior resources to continue to expand optical interconnection solutions, seize opportunities for rapid industry development, continue to strengthen core competitiveness such as technological innovation, rapid mass production, scale advantage, and quality assurance, further optimize and broaden the company's high-end product range, and maintain steady progress in business performance.
Downstream demand remains high, and the company is full of on-hand orders. In overseas markets, orders from major customers have been placed until 2027, and some key customers have given clear guidance on demand in 2028. It is expected that demand for high-end optical modules such as 1.6T and 800G will continue to grow rapidly, and demand for next-generation optical interconnect products such as NPO and XPO is also expected to be gradually released. In the domestic market, AI computing power infrastructure construction is progressing rapidly, and demand for products such as 400G and 800G is expected to grow further.
The product price system is healthy, and the industry is competitive in an orderly manner. Currently, downstream demand is growing rapidly, manufacturers with large-scale delivery capabilities are limited, the market price system is healthy, and product quotes for customers are relatively rational. The company will continue to enhance its supply chain guarantee capabilities and maintain good delivery capabilities through measures such as providing diversified product solutions, strategically binding with core suppliers, and signing long-term supply agreements.
Optical interconnection technology continues to be iterated, and technical barriers in the industry are expected to rise further. The company will actively develop next-generation optical interconnection solutions around full-scenario network architectures such as scale-out, scale-up, scale-across, and scale-in, further increase R&D investment in 1.6T, 3.2T and higher speed optical modules, and actively develop next-generation products such as NPO and XPO. Currently, it has cooperated with key customers to develop and deliver samples on some products. Relying on the company's many years of accumulation and first-mover advantage in core technology fields such as silicon light, TFLN, and related technologies, the company will continue to consolidate its leading position in technology and accelerate the development and industrialization process of next-generation products.