CIG Shanghai (603083) Q2 2025 earnings summary

Executive summary

• Revenue for H1 2025 reached ¥2.04 billion, up 15.48% year-over-year, with net profit attributable to shareholders at ¥120.90 million, up 51.12% year-over-year, reflecting strong growth in core businesses, especially high-speed optical modules and telecom broadband access.

• Gross margin and profitability improved due to product mix optimization and increased demand from AI data centers and overseas telecom operators.

• The company maintained a leading position in broadband access, wireless infrastructure, and high-speed optical modules, with significant R&D progress in 800G/1.6T optical modules and next-gen PON products.

Financial highlights

• Operating income: ¥2,035,126,267.94, up 15.48% year-over-year.

• Net profit attributable to shareholders: ¥120,904,406.55, up 51.12% year-over-year.

• Basic and diluted EPS: ¥0.45, up 50% year-over-year.

• Gross margin improved due to higher-value product sales and cost control.

• Cash flow from operations: -¥189,867,967.38, mainly due to increased raw material procurement.

Outlook and guidance

• H2 2025 will focus on scaling 800G/1.6T optical module production, accelerating 50G PON pilot projects, and expanding AI data center and overseas market penetration.

• Management expects double-digit growth in shipment and revenue for broadband and wireless products, with continued investment in R&D and global supply chain optimization.