Financial Performance Summary - The company achieved operating revenue of 933,791.45 thousand RMB, representing a year-on-year increase of 10.99% [4] - The net profit attributable to the parent company was 73,168.65 thousand RMB, a decrease of 27.16% compared to the previous year [4] - The net profit attributable to the parent company after deducting non-recurring gains and losses was 40,490.13 thousand RMB, down 45.15% year-on-year [4] - Total assets at the end of the reporting period were 2,853,193.23 thousand RMB, an increase of 8.88% from the beginning of the period [4] - Equity attributable to the parent company was 2,320,597.87 thousand RMB, up 3.49% from the beginning of the period [4] - The net asset per share attributable to the parent company was 14.66 RMB, a decrease of 20.97% from the beginning of the period [4] Operational Challenges and Strategic Focus - The company faced challenges due to a slowdown in structural demand in the telecommunications transmission market and intensified competition in certain product lines, leading to a decline in gross profit margins [5] - Despite these challenges, the company made significant breakthroughs in the data communication market, resulting in rapid growth in DCI product orders and maintaining a leading position in high-speed optical module technology [5] - The company is focusing on high-intensity R&D investment to accelerate the technological iteration of products such as DCI, wideband amplifiers, OCS, and high-speed optical modules [5] - The company is also advancing capacity construction, with the first phase of the Wuxi base successfully put into production in mid-2025, and the Thailand base scheduled to commence production by the end of Q1 2026 [5] Changes in Key Financial Metrics - The company's operating profit, total profit, and net profit attributable to the parent company after deducting non-recurring gains and losses all decreased compared to the previous year, primarily due to the factors mentioned above [6] - The company's share capital increased by 30.93% compared to the previous year, mainly due to capital reserve transfers and equity incentive capital increases [6]