中际旭创: 2025年半年度报告摘要

Core Viewpoint - Zhongji Xuchuang Co., Ltd. reported significant growth in revenue and net profit for the first half of 2025, driven by increased demand for high-end optical modules and effective cost management [1][3]. Financial Performance - The company achieved operating revenue of 14.79 billion yuan, a year-on-year increase of 36.95% [1][3]. - Net profit attributable to shareholders reached 3.99 billion yuan, reflecting a 69.40% increase compared to the previous year [1][3]. - The net cash flow from operating activities was 3.22 billion yuan, up 232.45% year-on-year [1][3]. - Basic earnings per share rose to 3.64 yuan, an increase of 68.52% [1][3]. Asset and Equity Position - Total assets at the end of the reporting period were 34.79 billion yuan, a 20.51% increase from the end of the previous year [1][3]. - Net assets attributable to shareholders amounted to 22.82 billion yuan, up 19.26% [1][3]. Business Development - The company is expanding its production capacity for high-end products through ongoing projects, including the "Tongling Xuchuang High-end Optical Module Industrial Park Phase III" [3]. - There has been a notable increase in capital expenditures from key customers, particularly in the computing infrastructure sector, leading to a surge in demand for 800G and above optical modules [3]. Shareholder Actions - The company approved a plan to repurchase and cancel 16,465,985 shares, changing the purpose from employee stock ownership to capital reduction [3][4]. - A new stock incentive plan was approved, granting 8.88 million restricted shares to 752 employees at a price of 54.00 yuan per share [4].