Shijia Photons(SH:688313)2022-11-19 02:40Financial Performance - In 2021, the company achieved operating revenue of 8.17 billion CNY, a year-on-year increase of 21.70% [1] - The net profit attributable to shareholders was 50.16 million CNY, up 31.78% year-on-year [1] - In Q1 2022, the company reported operating revenue of 1.96 billion CNY, a growth of 19.30% compared to the previous year [2] - The net profit for Q1 2022 was 22.84 million CNY, representing a significant increase of 266.38% year-on-year [8] Revenue Breakdown - Revenue from optical chips and devices reached 3.63 billion CNY, growing by 15.22% [1] - Indoor cable revenue was 2.21 billion CNY, with a year-on-year increase of 21.84% [1] - Cable materials generated 2.17 billion CNY in revenue, marking a 36.65% increase [2] - Overseas revenue was 2.03 billion CNY, accounting for 24.89% of total revenue, with a year-on-year growth of 17% [2] Product Performance - The AWG chip series generated 1.45 billion CNY in revenue, primarily driven by the demand for 100G and 200G optical modules [3] - The DFB laser chip series is in mass production, with over 10 million units shipped in 2021 [7] - The company has seen a notable increase in the sales of optical chips and devices, with a growth rate of 30.83% in Q1 2022 [8] Market Trends and Strategies - The demand for indoor cables has increased due to the acceleration of mobile and fixed network construction [2] - The company is focusing on expanding its overseas market strategy, with steady growth in international sales [2] - The ongoing development of 5G and data centers is driving the sales of cable materials [2] R&D and Future Outlook - R&D expenses increased by 26.95% in 2021, accounting for 9.79% of revenue [6] - The company plans to maintain a similar level of R&D investment to ensure the development of new products [6] - The company is actively exploring silicon photonics technology and has established partnerships with leading silicon photonics companies [3] Shareholder Actions - The company has announced a share repurchase plan, pending approval from the shareholders' meeting [4] - As of May 9, 2022, 19 core technical personnel had reduced their holdings, totaling 653,200 shares, which is a small percentage of their total holdings [6]