With the continuous development of AI technology by major technology companies, there is a significant increase in demand for high-speed optical modules as the underlying hardware. As a global leader in high-speed optical modules, zhongji innolight has a high market share in optical communication modules, with the shipment volume of 5G and 800G optical communication modules ranking at the forefront of the market.
In the AI era, there is a significant increase in demand for high-speed optical modules, with Zhongji Innolight's revenue in the first three quarters increasing by over 115% year-on-year. The main reason is the significant increase in sales of 800G and 400G high-end optical modules due to the growth in computing infrastructure construction and related capital expenditures.
On Tuesday, October 22, Zhongji Innolight announced its third-quarter financial report:
Third-quarter revenue: 6.514 billion RMB, a year-on-year increase of 115.25%; Revenue for the first three quarters is 173.13 billion RMB, a year-on-year increase of 146.26%.
Third-quarter profit: 1.394 billion RMB, a year-on-year increase of 104.4%; Profit for the first three quarters is 37.53 billion RMB, a year-on-year increase of 189.59%.
Earnings per share in the third quarter: 1.27 RMB, a year-on-year increase of 101.59%; Earnings per share for the first three quarters is 3.42, a year-on-year increase of 185.00%.
Net income after deducting non-recurring gains and losses: 1.385 billion RMB, a year-on-year increase of 109.43%.
Total assets at the end of the third quarter: 27.124 billion RMB; Total assets at the end of 2023: 20.007 billion RMB.
In the first three quarters, Zhongji Innolight's revenue and cost of goods sold increased by 146.26% and 140.57% respectively year-on-year. The main reason for the increase in revenue was the significant increase in sales of 800G and 400G high-end optical modules due to the growth in computing infrastructure construction and related capital expenditures, while the main reason for the increase in cost of goods sold was the corresponding increase in costs matching the increase in sales revenue for this period.
In the first three quarters, Zhongji Innolight's development expenditure was 0.151 billion, an increase of 213.67% year-on-year, mainly due to the continuous research and development investment of the company leading to an increase in development expenditure.
Zhongji Innolight closed up 3.05% today at 170 RMB per share, nearly a 150% increase in the past year. As of the time of publication, Zhongji Innolight's market cap is 188.36 billion RMB.
In the era of AI, there is a sharp increase in demand for high-speed optical modules.
With the continuous development of AI technology by major technology companies, there is a significant increase in demand for high-speed optical modules as the underlying hardware. As a global leader in high-speed optical modules, zhongji innolight has a high market share in optical communication modules, with the shipment volume of 5G and 800G optical communication modules ranking at the forefront of the market.
Currently, Zhongji Innolight focuses on optical module applications in cloud data centers, wireless interconnects, coherent transmission, and access networks. Innolight Technology's full range of 10G, 25G, 40G, 100G, 200G, 400G, and 800G optical communication modules can help cloud computing operators rapidly upgrade their networks.
Zhongji Innolight stated that with the arrival of the 5G era, in the next few years, the demand for wireless optical modules will experience significant growth. The growth points are mainly concentrated on optical modules with rates of 25G, 50G, 100G, and above 100G, which presents a market opportunity for optical modules in the 5G era.
