Zhongji Innolight's revenue in the first three quarters of 2024 was 17.313 billion yuan, and the sales volume of 400G/800G increased significantly

Abstract: Zhongji InnoLight's revenue in the first three quarters of 2024 was 17.313 billion yuan, and the downstream AI computing power infrastructure construction and capital expenditure drove a significant increase in the sales of 400G&800G products.

ICC News On October 22, Zhongji InnoLight Co., Ltd. (hereinafter referred to as Zhongji InnoLight) released its financial report for the third quarter of 2024, with a cumulative operating income of 17.313 billion yuan in the first three quarters of 2024, an increase of 146.26% year-on-year and 9.37% month-on-month, and a net profit margin of 37.53% attributable to the parent company, a year-on-year increase of 189.59%, and a net profit margin of 21.68%. Among them, the revenue in the third quarter was 6.514 billion yuan, the net profit attributable to the parent company was 1.394 billion yuan, and the net profit was 21.40%.

Since 2023, the rise of AI has driven the demand for high-speed 400G/800G optical modules, and the optical communication data communication market has entered a new round of growth and continues to generate new records. Cignal AI statistics In the first quarter of 2024, the global high-speed data communication optical module market shipped more than 3 million units, and large-scale network operators pushed the purchase of 400G/800G data communication optical modules to a new high. According to LightCounting, the sales of optical modules in the second quarter of 2024 exceeded $3 billion and set a new record in a single quarter, and the third quarter is expected to break again. Yole predicts that the overall market for AI-driven optical modules in the data communication field will grow by more than 45% in 2024.

The company also said in the announcement that the sales volume of 400G&800G products in the first three quarters of 2024 increased significantly, mainly due to the significant increase in sales of 800G and 400G high-end optical modules due to the growth of downstream computing infrastructure construction and related capital expenditures.

Zhongji InnoLight has been committed to in-depth research on market trends and constantly promoting the iterative upgrading of products. In the third quarter, Zhongji InnoLight was in the CIOE During 2024, high-speed silicon photonic modules, coherent modules and other popular products, such as the full range of 400G and 800G silicon photonic modules, were showcased, and the company also demonstrated 1.6T OSFP224 on site 2XDR4 and 800G/400G coherent modules. These products are widely used in current and future ultra-high-speed optical interconnection data centers and ML clusters, helping to accelerate computing power and network upgrades to meet the diverse needs of end customers and provide more comprehensive product solutions.