ZHONGJI INNOLIGHT released the first half of 2024 results announcement, during the reporting period, the company realized operating revenue of 10.799 billion yuan, an increase of 169.70% year-on-year; realized operating profit of 2.728 billion yuan, an increase of 282.35% year-on-year; attributable to shareholders of the listed company net profit of 2.358 billion yuan, an increase of 284.26% year-on-year.
During the reporting period, key customers further increased their capital expenditure and investment in arithmetic infrastructure, the demand for 400G and 800G optical modules increased significantly, and accelerated the technology iteration of optical modules to 800G and above rates, and the shipment volume and revenue of high-end products such as 400G and 800G increased significantly.ZHONGJI INNOLIGHT benefited from the rapid increase in the proportion of shipments of high-end products such as 400G and 800G and the rapid increase in the proportion of shipments of high-end products such as 400G and 800G and the increase in the proportion of shipments of 400G and 800G. ZHONGJI INNOLIGHT benefited from the rapid increase in the proportion of shipments of 400G and 800G high-end products as well as the continuous cost reduction and efficiency enhancement, the company's product revenue, gross profit margin and net profit margin were further improved.
In the first half of 2024, ZHONGJI INNOLIGHT continued to promote the progress of fund-raising projects such as “Suzhou Xutron Optical Module Business Headquarters and R&D Center Project” and “Tongling Xutron High-end Optical Module Production Base Project”, of which “Tongling Xutron High-end Optical Module Production Base Project” and “Tongling Xutron High-end Optical Module Production Base Project” were completed. Among them, “Tongling Xutron High-end Optical Module Production Base Project” has been implemented and completed. In the future, the company will further enhance the production capacity of high-end products, laying a solid foundation for guaranteeing the customers in the technology iteration and scale of high-end optical modules, and maintaining the company's competitive advantage in the industry.
From the product point of view, during the reporting period, ZHONGJI INNOLIGHT's optical communication transceiver module product sales volume to achieve 6.2 million (the same period last year sales of 3.46 million), completed operating income of 10.404 billion yuan, an increase of 164.95%. The announcement showed that the main business for the optical module research and development, production and sales of the subsidiary Suzhou Xutron operating income of 10.28 billion yuan, net profit of 2.466 billion yuan. During this year's OFC, Xutron demonstrated 800G ZR/ZR+ optical modules for data center interconnect, which can be plugged directly into IP switches for IPoDWDM-based DCI deployments, in addition to 800G and 1.6T silicon optical module solutions.
ZHONGJI INNOLIGHT is dedicated to the R&D, design, packaging, testing and sales of high-end optical communication transceiver modules and optical devices, and its products serve domestic and international customers in the fields of cloud computing data centers, data communications, 5G wireless networks, telecommunication transmission and fixed-line 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, providing high-speed optical modules such as 800G, 400G, 200G and 100G for cloud data center customers, 5G pre-transmission, intermediate and backhaul optical modules for telecommunication equipment vendors, and high-end total solutions such as optical devices for metro, backbone and core network transmission modules and fixed-line FTTX optical access, etc. The company has also been engaged in the design, packaging, testing and sales of optical devices. The Company has maintained its leading position in the industry in terms of shipment volume and market share by providing high-end total solutions such as optical devices for FTTX fiber access in fixed networks.
In the future development, the Company will utilize the existing advantageous resources to continue to develop 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, quality assurance, further broaden the Company's high-end product series, maintain steady forward movement of operating results, continue to improve the quality of operation, and strive to create the largest shareholders' profit. We will further expand our high-end product series, maintain steady growth in business performance, continue to improve the quality of our operations, and strive to create maximum value for our shareholders.
