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天孚通信(300394) - 2025年8月26日天孚通信投资者关系活动记录表
TFCTFC(SZ:300394)2025-08-26 11:42

Financial Performance - In the first half of 2025, the company achieved operating revenue of 2.456 billion yuan, a year-on-year increase of 57.84% [5] - In Q2 2025, operating revenue reached 1.511 billion yuan, with a quarter-on-quarter growth of 59.98% [5] - The net profit attributable to shareholders was 899 million yuan, up 37.46% year-on-year [5] - In Q2 2025, net profit attributable to shareholders was 562 million yuan, reflecting a quarter-on-quarter increase of 66.34% [5] Market Trends and Demand - The rapid development of the artificial intelligence industry and the global data center construction have driven stable growth in demand for high-speed optical device products [5] - The company is actively expanding its customer base, with new product deliveries at different stages for various clients [6] Production and Capacity - The Thai factory's capacity construction is progressing steadily, with the first phase already in production and the second phase in the R&D and customer validation stage [6] - The company anticipates large-scale production at the Thai facility to commence next year [6] Profitability and Margins - The decline in gross margin in the first half of 2025 is attributed to changes in product structure, with an increased revenue share from active products [6] - The North American sales revenue was approximately 27.69 million yuan, accounting for 1.13% of total sales revenue in the first half of 2025, with limited impact from tariff policies [7] Product Development and Innovation - The company maintains high R&D investment to support the development of next-generation high-speed products [6] - The value of the company's products is primarily determined by customer design schemes, which vary across different applications [7] Operational Adjustments - The company is increasing its workforce to meet customer delivery needs while also focusing on automation to enhance efficiency [7] - Plans for capacity expansion of passive optical products are driven by customer orders and forecasts [7]