中际旭创股份有限公司

Core Viewpoint - The company, Zhongji Xuchuang, has reported significant growth in its financial performance for the year, driven by increased demand for high-end optical communication modules, particularly in the context of cloud computing and 5G networks [12][14]. Company Overview - Zhongji Xuchuang specializes in the research, production, and sales of high-end optical communication transceiver modules, serving domestic and international clients in cloud computing data centers, data communication, 5G wireless networks, and telecommunications [4][11]. - The company maintains a leading position in market share and shipment volume within the industry [4]. Financial Performance - For the reporting period, the company achieved a revenue of 23.862 billion yuan, representing a year-on-year increase of 122.64% [12]. - Operating profit reached 6.050 billion yuan, up 142.57% year-on-year, while net profit attributable to shareholders was 5.171 billion yuan, an increase of 137.93% [12]. - The net cash flow from operating activities was 3.165 billion yuan, reflecting a 66.81% increase compared to the previous year [12]. Industry Development - The global optical module market is projected to grow at a CAGR of 22% from 2024 to 2029, potentially exceeding $37 billion by 2029, driven by strong demand from AI cluster applications and upgrades in cloud service providers' networks [8][10]. - In China, the optical module market is expected to reach $6.5 billion by 2029, supported by advancements in domestic chip capabilities and AI applications [10]. Competitive Landscape - The optical communication module industry is experiencing increased competition, with a trend towards higher reliability and shorter iteration cycles, raising the technical barriers for entry [11]. - Zhongji Xuchuang has been ranked first globally among optical module manufacturers by Lightcounting, highlighting its competitive advantages in technology development and cost-effective manufacturing [11].