Shijia Photons(SH:688313)2023-10-26 02:32Company Overview - Founded in October 2010, listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board in August 2020 [3] - Main business areas include optical chips and devices, indoor optical cables, and cable materials [3] - Key products: PLC optical splitter chips, AWG chip series, DFB laser chip series, optical connectors, indoor optical cables, and cable materials [3] - R&D team consists of over 200 professionals, including master's and doctoral graduates [3] Financial Performance - Revenue for the first three quarters of 2023 reached CNY 541 million, a year-on-year decrease of 20.96% [3] - Net profit attributable to shareholders was -CNY 27.64 million, a year-on-year decline of 141.06% [3] - Deducting non-recurring gains and losses, net profit was -CNY 46.56 million, a year-on-year decrease of 201.92% [3] - Decline attributed to product price reductions leading to decreased gross margin and increased R&D expenses [3] Product Development and Market Strategy - 800G parallel optical components and AWG products have entered mass production [4] - Plans for overseas factory establishment will be executed in phases, initially using a light asset model [4] - Anticipated growth areas include FTTR construction and backbone network expansion [4][5] - The company maintains a close watch on mobile communication construction trends [4] R&D and Cost Management - R&D expenses accounted for 14% of total revenue, reflecting a high investment in future technology [5][6] - The comprehensive gross margin for active products ranges between 30% and 50% [5] - Fluctuations in gross margin are influenced by product mix changes and price volatility [6] Future Outlook - Expected stable performance in Q4 2023, with increased product shipments and revenue [5] - New products for the upcoming year include 800G optical modules and related components for backbone networks [6]