TFC(SZ:300394) Mei Ri Jing Ji Xin Wen·2026-01-21 21:31Core Viewpoint - The company Tianfu Communication has released its first performance forecast for 2025, expecting a net profit attributable to shareholders of approximately 1.881 billion to 2.15 billion yuan, representing a year-on-year growth of 40% to 60% [2][4]. Financial Performance - The forecasted net profit range for 2025 is 1.881 billion to 2.15 billion yuan, compared to 1.344 billion yuan in the previous year [2][4]. - The expected non-recurring net profit for 2025 is approximately 1.829 billion to 2.108 billion yuan, with a year-on-year growth of 39.19% to 60.4% [2][4]. - The consensus forecast from 21 institutions for Tianfu Communication's 2025 net profit is approximately 2.16665 billion yuan, indicating that the company's forecast does not meet market expectations [3][4]. Growth Drivers - The anticipated growth in 2025 is attributed to the accelerated development of the artificial intelligence industry and the ongoing construction of global data centers, which have driven stable demand for high-speed optical device products [4]. - The company has also focused on cost reduction and efficiency improvements through smart manufacturing, contributing to revenue growth across its active and passive product lines [4]. Stock Performance - In 2025, Tianfu Communication's stock price increased by 213.72% throughout the year, driven by the demand for optical devices fueled by AI computing power and the successful implementation of new technologies [6]. - However, as of January 21, 2026, the stock has seen a decline of 7.04% over 13 trading days [8]. Future Plans - The company announced plans to issue H-shares and list on the Hong Kong Stock Exchange to support its international strategy and global expansion [8][10]. - The H-share listing is subject to approval from the board of directors, shareholders, and regulatory bodies, indicating potential uncertainties regarding its implementation [10].