Flash | 29 Oct 2025 13:34:10 ET │ 11 pages Suzhou TFC Optical Communication (300394.SZ) Kyna Wong +852-2868-7820 kyna.wong@citi.com Figure 1. TFC Optical – 3Q25 Result Vs. Bloomberg | | | 3025 | | 2025 | | 3024 | | | --- | --- | --- | --- | --- | --- | --- | --- | | Rmb m | Actual | BBG cons. | Diff. | Actual | 000 | Actual | YOY | | Revenue | 1.463 | 1.636 | -11% | 1.511 | -3% | 830 | 74% | | Gross profit | 785 | 845 | -7% | 746 | 5% | 495 | 59% | | OPEX | 141 | 176 | -20% | 107 | 32% | 108 | 31% | | Opera ...