Yuanjie Semiconductor Technology (SH:688498)2023-10-30 01:04Financial Performance - In the first three quarters of 2023, the operating revenue was 93.19 million CNY, a decrease of 51.83% compared to the same period last year [1] - The net profit attributable to shareholders was 21.45 million CNY, down 70.99% year-on-year [1] - In Q3 2023, the operating revenue was 31.87 million CNY, a decline of 54.88% compared to Q3 2022 [1] Market Conditions - The demand for optical fiber access, especially overseas, has been weak, leading to a decline in revenue and profit [2] - The company is focusing on the design, development, and production of various EML optical chips to adapt to market demand changes [2] - There is a slight improvement in the gross profit margin, which stands at 39.14% for Q3 2023 compared to Q2 2023 [2] Product Development and Strategy - The company is currently testing its 100G PAM4 EML products, with plans to develop both 100G and 200G PAM4 EML products [3] - In the CW light source area, the company is preparing multiple solutions for 400G and 800G optical module products [3] - The company aims to expand its overseas market presence and enhance internationalization [4] Future Outlook - The company anticipates a recovery in demand for optical chips in the fourth quarter, particularly in the North American market [2] - There are expectations for significant demand for 400G and 800G optical modules in the data center market next year [2] - The company is committed to increasing resource investment in its 10G PON EML products, expecting high growth in the coming year [4] Investor Relations - The investor relations activity included a performance exchange meeting on October 26, 2023, attended by various investment institutions [1] - The company is actively engaging with investors to discuss its operational performance and future strategies [1]