中际旭创20241211

Company and Industry Conference Call Summary Company Overview - The conference call was organized to address investor concerns regarding the company's recent stock performance and market rumors, aiming to restore investor confidence [1] Key Industry Insights - There is a strong demand for 800G and 400G products, leading to material shortages that are expected to ease by Q2 of the following year [3][4] - The company anticipates continued quarter-over-quarter growth through Q4 and Q1 of the next year, despite potential impacts on growth rates [4] - The silicon photonics segment is projected to dominate the market, with expectations of exceeding 50% of industry shipments by 2024-2025 [4] Competitive Landscape - Chinese suppliers hold over 50% market share in the overseas market, making it difficult for clients to switch to U.S. suppliers without significant delays [7][8] - Competitors would require 2-3 years to match the production capabilities of the company, which poses a challenge for clients seeking immediate solutions [8][9] Demand Forecast - The company has received confirmed orders for 800G products from March to the following March, indicating strong demand [17] - There are no immediate changes to the demand forecast for 800G products, as further validation from clients is needed [17] - The company expects to meet 100% of overseas delivery requirements by the following year, despite geopolitical concerns [9] Supply Chain and Production - The company is focused on ensuring supply chain support rather than reducing production capacity, countering rumors about supply chain constraints [21] - There is a clear strategy to enhance production capabilities in Southeast Asia to mitigate potential tariff impacts [21][22] Financial Outlook - The company reassured investors that the demand for products in 2025 is robust and can be verified through various channels [21] - Concerns regarding pricing and competition for 800G products were addressed, indicating that price adjustments would remain within historical ranges [19] Conclusion - The company is confident in its ability to navigate market challenges and maintain its competitive edge, emphasizing the importance of its supply chain and production capabilities [22]