通信中际旭创交流内容

Financial Data and Key Metrics Changes - The company anticipates significant growth in 800G customer demand for 2025, driven by increased bandwidth needs for inference applications and the maturity of switch hardware [1] - The demand for 1.6T products remains consistent with previous guidance, with expectations for improved pricing and gross margins compared to 800G products [2] Business Line Data and Key Metrics Changes - The company expects to maintain its market share in 800G products in 2025, with potential for further increases due to upgrades from 400G customers [1] - The penetration rate of silicon photonics products is expected to increase significantly in 2025, as the company is positioned as a global leader in this area [2] Market Data and Key Metrics Changes - The demand for 800G products is primarily for single-mode applications, with minimal demand for multi-mode products [2] - The supply landscape for 800G in 2025 is not expected to change significantly among major overseas customers, with no new suppliers being introduced [2] Company Strategy and Development Direction - The company is focusing on optimizing its cost structure and improving yield rates to counteract annual price declines in optical module products [2] - The company plans to gradually increase production capacity for silicon photonics products to complement traditional offerings [2] Management Comments on Operating Environment and Future Outlook - Management indicated that there is no risk of overbooking from customers, as the increased orders for 800G are based on genuine demand [1] - The company has locked in some production capacity with upstream suppliers to ensure smooth delivery for 2025 [1] Other Important Information - The company is actively engaging with customers regarding silicon photonics solutions, which are gaining interest due to their high cost-performance ratio [2] - The company is preparing for potential supply chain bottlenecks in upstream components, particularly in optical chips and passive devices [2] Q&A Session Summary Question: What is the outlook for 800G product pricing in 2025? - The company expects some price decline for 800G products but not to the extent feared by the market, with significant changes anticipated due to the demand for single-mode applications [1][2] Question: How is the company addressing potential capacity constraints? - The company is proactively preparing production capacity based on customer order forecasts, ensuring that capacity expansion is progressing quickly [1]