Zhongji Innolight Co. (300308) investor relations material

Executive summary

• Achieved revenue of ¥41.78 billion, up 182.49% year-over-year, and net profit attributable to shareholders of ¥13.65 billion, up 241.70% year-over-year.

• Overseas revenue surged 209.9% to ¥39.61 billion, driven by strong demand for high-end optical modules from global cloud and AI customers.

• Domestic revenue grew steadily as local internet firms accelerated AI infrastructure investments.

• 800G and 1.6T optical module shipments increased rapidly, becoming core growth drivers.

Financial highlights

• Operating profit reached ¥17.23 billion, up 253.30% year-over-year.

• Gross margin for optical modules improved to 46.59%, up 6.63 percentage points year-over-year.

• R&D expenses rose 96.9% to ¥1.15 billion, reflecting accelerated product innovation.

• Net cash flow from operating activities was ¥1.80 billion, down 44.08% year-over-year due to increased cash outflows for procurement.

• Total assets grew 52.23% to ¥68.94 billion; net assets attributable to shareholders rose 33.91% to ¥39.86 billion.

Outlook and guidance

• Will continue to invest in R&D for next-generation optical interconnects (1.6T, 3.2T, NPO, XPO, CPO, OCS) to meet evolving AI data center needs.

• Plans to expand global manufacturing and supply chain resilience, and pursue strategic acquisitions in the AI ecosystem.

• Focus on talent acquisition, organizational efficiency, and end-to-end delivery capabilities.