烽火通信：攻坚光网壁垒 拓全球版图丨支点脊梁 企领风华

Core Insights - The company, FiberHome, has achieved a technological breakthrough in the optical communication field by launching the 50G PON third-generation time-division coexistence technology, which supports compatibility among EPON, 10G EPON, and 50G PON technologies, facilitating the evolution of 10G optical networks [1] - FiberHome has undertaken 20 out of 168 pilot projects for 10G optical networks announced by the Ministry of Industry and Information Technology [1] - The company is focusing on technological innovation to drive industry development and enhance competitiveness in strategic emerging industries such as 10G optical networks, marine optical communication, and vehicle-mounted optical communication [1][2] Financial Performance - In the "14th Five-Year Plan" period, FiberHome's cumulative output value in Hubei exceeded 130 billion, with nearly 50,000 deployed network devices and approximately 10 million terminals [2] - The company's 2024 financial report shows revenue of 28.549 billion, a year-on-year decrease of 8.29%, while net profit attributable to shareholders increased by 39.05% to 703 million [7] - Continuous R&D investment has been a key factor in maintaining competitiveness, with nearly 20 billion invested over the past five years, averaging over 12% annually [7] Industry Position and Strategy - The optical electronic information industry in Hubei is projected to exceed 1 trillion in scale by 2024, with FiberHome being a leading player [3] - The company aims to strengthen its core competitiveness through technological breakthroughs in optical transmission and marine communication, becoming the only global entity with full autonomy in four core technologies in the marine communication sector [7] - FiberHome is implementing a "connection + computing" strategy to expand its optical communication capabilities into marine and aerial domains, investing 3 billion in a marine communication industrial park [7][8] Global Expansion - FiberHome is accelerating its globalization strategy in response to increasing competition and geopolitical challenges in the global optical communication market [9] - The company has established three overseas production bases, two R&D centers, and 32 subsidiaries globally, focusing on local operations to create job opportunities [9][10] - Upcoming production operations in Hungary and Thailand are expected to enhance FiberHome's global competitiveness significantly [9][10]