August 23, 2010, Shenzhen, O-net (877, Hongkong Stock market), a leading fiber optics component supplier for telecom and datacom industry, announced the first half year financial result on August 11.

Up to June 30, O-net makes revenue 296 million HKD (38million USD), an increase of 137.1% compared to the same period of last year. This strong increase mainly owes to growing orders from US and Asia pacific (excludes China) market. Gross profit for the first half year increases 192.8% to 150.8 million HKD. The gross profit rate increase 9.7% to 50.8% because of improved efficiency, reduced price of source material. The first half year's net income is 12.62 HK cents each share, it was 4.02 cents in the same time of last year.

According to product line, function management product line of O-net increased revenue 191.% to 130.5 million HKD by the help of more sales on VOA and new customer request on EDFA. In the first half year, O-net's transmission management product line increased revenue 119.3% to 95.6million HKD by strong request on wavelength locker of new customers and isolators from Chinese customers. Wavelength management product line revenue increased 107.4% to 58.7 million HKD by more sales on DWDM products.