Zhitong Finance App News, Zhongji Xuchuang (03308) issued an announcement. In order to better protect the legitimate rights and interests of investors, the company now voluntarily discloses the relevant information as follows:
I. Matters relating to share repurchases
In order to better protect the interests of shareholders and investors, the company held the 5th meeting of the 6th board of directors on October 29, 2026 to deliberate and pass proposals related to changing the use of A-shares repurchased, changing all uses of repurchased shares from “implementing employee stock ownership plans or equity incentive plans” to “cancelling and reducing registered capital”, and submitted to the company's 3rd Extraordinary Shareholders' Meeting in 2026 for review. From September 1, 2026 to September 23, 2026, the company repurchased a total of 5.6531 million shares through a special securities account for share repurchase, accounting for 0.48% of the company's total share capital, and the total amount paid was 4.997 billion yuan (excluding transaction fees). After the cancellation is completed, the total share capital of the company will be reduced by 5.6531 million shares, which is conducive to further improving the company's earnings per share and net assets per share.
At the same time, the company is concerned that in order to maintain the stability of the capital market and enhance market resilience and confidence, the People's Bank of China, the Financial Supervisory Authority, and the China Securities Regulatory Commission held a symposium on two tools to support the capital market in November 2026 to shift the stock repurchase and reloan policy from phased arrangements to long-term institutional arrangements. The reloan interest rate was reduced from 1.25% to 1% from November 4, 2026. The company will make full use of policy tools based on repurchase and refinancing policies, the company's financial situation, market trends, etc., to protect the company's value and the interests of investors through repurchases, etc., subject to the company's subsequent disclosure announcements.
II. The company's current business situation and future prospects
Benefiting from the boom in the industry and strong capital expenditure from major customers, and giving full play to the company's comprehensive advantages in R&D, customer introduction, production capacity and supply chain, the company achieved good month-on-month growth in the third quarter of 2026 compared to the second quarter. In the first three quarters, it achieved operating income of 69.547 billion yuan, an increase of 178.13% year on year, and net profit attributable to shareholders of listed companies of 22.238 billion yuan, an increase of 211.81% year on year.
The increase in revenue in the third quarter of 2026 was mainly due to the continued expansion of the scale of shipments of high-end products such as 800G and 1.6T. Among them, revenue from 1.6T products accelerated further, which was an important driving factor for the increase in performance in the third quarter. The company continues to maintain a steady share of customers, customer orders continue to increase, and product prices and gross margin remain stable.
While demand is growing rapidly, the company actively prepared materials in the early stages and arranged key materials in advance through various methods such as signing long-term agreements, prepayment, and introducing new suppliers, effectively coping with material shortages, and achieving rapid month-on-month revenue growth. The company's gross margin continues to rise while revenue is growing rapidly, mainly due to improved product structure and increased silicon light ratio, which also reflects the effectiveness of the company's supply chain management initiatives.
Looking forward to the future, industry demand is still strong. Major customer orders have basically covered the full year of 2027, and some key customers have given clear demand guidelines for 2028. It is expected that the company's demand for 800G and 1.6T orders will continue to grow rapidly. Demand for next-generation optical interconnect products such as NPO and XPO will gradually be released in the second half of next year, and can be applied to scenarios such as scale-out and scale-up. The company is actively preparing materials and production capacity to prepare for better volume increases in 2027.