中际旭创(300308) - 中际旭创投资者关系管理信息

Financial Performance - The company expects a net profit of between 2.15 billion and 2.5 billion CNY for the first half of 2024, representing a year-on-year growth of 250.3% to 307.33% [3] - The net profit after deducting non-recurring items is projected to be between 2.1 billion and 2.45 billion CNY, with a growth of 260.13% to 320.15% compared to the previous year [3] - The net profit of the subsidiary Suzhou Xuchuang is estimated to be around 2.2 billion to 2.7 billion CNY, reflecting a growth of 190.34% to 256.32% year-on-year [3] Market Demand and Product Performance - The main products, 800G and 400G optical modules, continue to experience rapid growth, with high-end product sales contributing significantly to revenue [3] - There is a strong demand for high-end optical modules driven by major clients' capital investments in data centers, with substantial increases in demand for 800G and 400G compared to the previous year [3] - Major clients have provided guidance on demand for the next year, indicating a continued positive growth trend for high-end optical modules [3] Production Capacity and Supply Chain - The company has established over 70,000 square meters of factory space in Thailand since 2019, capable of producing 400G and 800G high-end optical modules [4] - The Thai factory has been approved by major overseas clients, ensuring the company can consistently supply high-end optical modules [4] - The company is preparing to increase production capacity in response to the anticipated growth in demand for 800G modules next year [4] Financial Indicators and Future Outlook - The company expects to maintain a trend of increasing revenue and gross profit margins in the upcoming quarters [3] - The improvement in financial indicators is attributed to better material cost control, yield enhancement, and production efficiency [4] - The company anticipates that the demand for 800G and 400G will remain strong through 2025, potentially leading to a tight supply of core materials [6] Investor Q&A Highlights - The company is preparing for the production ramp-up of various products, including 1.6T high-end products, in the coming year [5] - The pricing for 800G modules is expected to decline due to its status as an older product, while the pricing for 1.6T remains uncertain as clients have not yet placed orders [5] - The company acknowledges potential risks related to upstream material shortages due to the rapid growth in demand for AI data centers [6]