Core Insights - The company reported significant growth in its 2025 semi-annual results, driven by the surge in global AI computing demand and accelerated cloud data center construction, with revenue exceeding 10 billion yuan and net profit increasing over 350% [1] Financial Performance - For the first half of 2025, the company achieved operating revenue of 10.437 billion yuan, a year-on-year increase of 282.64% - Net profit attributable to shareholders reached 3.942 billion yuan, a staggering increase of 355.68% - Net profit after deducting non-recurring gains and losses was 3.934 billion yuan, up 354.93%, with core profitability metrics significantly outpacing industry averages [1] Product Performance - The company's core business, optical module products, benefited from the explosion in AI computing demand, with point-to-point optical modules generating revenue of 10.409 billion yuan, a year-on-year growth of 287.44% - Gross margin improved by 4.12 percentage points to 47.48% - The company launched OSFP1.6T and OSFP-XD1.6T optical modules, achieving the highest global energy density of over 500 kWh/㎡, supporting CMIS5.0 protocol, and has been applied in AI cluster projects by leading global internet companies [2] Global Expansion - The company's global layout has shown significant results, with overseas revenue accounting for 94.4%, totaling 9.86 billion yuan, primarily from large cloud service providers and telecom equipment manufacturers in North America, Europe, and Southeast Asia - The overseas production base in Thailand continues to release capacity, while subsidiaries in Singapore and the United States focus on regional market expansion and technical services, forming a "R&D in China, global production, local service" operational system [2] R&D and Innovation - R&D investment reached 3.337 billion yuan, a year-on-year increase of 157.56%, with the number of R&D personnel rising to 7,120, accounting for 40% of total employees - The company applied for 1,211 new patents during the reporting period, with a total of 144 authorized patents, including 59 invention patents in key technology areas such as silicon photonic chip packaging and low-power design [3] Future Strategy - The company will focus on the "AI + Optical Communication" strategy, further expanding 1.6T optical module capacity and accelerating the commercialization of silicon photonic technology - It aims to enhance the global market share of high-speed optical modules to 30% by the end of 2025, supporting the global digital economy and "dual carbon" goals [4]