Suzhou TFC Optical Communication (300394) investor relations material

Executive summary

• Revenue for Q1 2026 reached ¥1.33 billion, up 40.82% year-over-year, driven by AI industry growth and global data center expansion.

• Net profit attributable to shareholders was ¥492.22 million, a 45.79% increase year-over-year.

• Gross margin and profitability improved, with EPS rising to ¥0.6331 from ¥0.4343 year-over-year.

Financial highlights

• Operating income grew 40.82% year-over-year to ¥1.33 billion.

• Net profit attributable to shareholders increased 45.79% year-over-year to ¥492.22 million.

• Operating cash flow decreased 37.92% year-over-year to ¥182.28 million, mainly due to higher raw material and tax payments.

• R&D expenses rose 41.98% year-over-year, reflecting increased project investment and personnel costs.

• Financial expenses increased due to higher exchange losses.

Outlook and guidance

• Continued demand growth expected from AI and global data center sectors, supporting stable sales of high-speed optical devices.