Zhongji Innolight Co. (300308) Q4 2025 earnings summary

Executive summary

• Achieved revenue of ¥38.24 billion in 2025, up 60.25% year-over-year, with net profit attributable to shareholders of ¥10.80 billion, up 108.78% year-over-year.

• High-speed optical module sales and overseas market expansion drove growth; gross margin improved to 42.61%.

• Major capital projects completed, including the third phase of the Tongling high-end optical module industrial park.

• Significant equity incentive plans and employee stock ownership plans implemented to align interests.

Financial highlights

• Revenue: ¥38.24 billion, up 60.25% year-over-year; net profit: ¥10.80 billion, up 108.78%.

• Gross margin: 42.61%, up 7.96 percentage points year-over-year.

• Operating cash flow: ¥10.90 billion, up 244.31% year-over-year.

• Overseas revenue: ¥34.64 billion, 90.58% of total, up 67.20% year-over-year.

• R&D investment: ¥1.68 billion, 4.38% of revenue.

Outlook and guidance

• Will focus on AI data centers, increasing investment in 1.6T/3.2T high-speed modules, silicon photonics, and coherent technologies.

• Plans to strengthen internationalization, supply chain resilience, and R&D for next-generation optical interconnects.

• Aims to maintain leading market share and expand new business growth points.