Shijia Photons(688313) 证券时报网·2025-04-20 08:40Core Insights - The company, Shijia Photon, reported a strong performance in its 2024 annual report, driven by the demand for AI computing power, with total revenue reaching 1.075 billion yuan, a year-on-year increase of 42.40%, and net profit soaring by 236.57% to 64.93 million yuan [1][2]. Group 1: Business Performance - All three major business segments of the company showed double-digit growth, with the optical chips and devices segment generating 606 million yuan, a remarkable increase of 68.14%, accounting for nearly 60% of total revenue [2]. - The indoor optical cable segment reported revenue of 219 million yuan, up 14.12%, while the polymer materials segment contributed 231 million yuan, reflecting a growth of 25.14% [2]. - The company achieved overseas revenue of 280 million yuan, a significant increase of 73.73%, by deepening partnerships with leading international optical module firms [2]. Group 2: R&D and Innovation - The company maintained a high level of R&D investment, totaling 103 million yuan, which is 9.63% of its revenue, indicating a strong commitment to innovation [3]. - Significant breakthroughs were made in key areas such as optical chip design, wafer manufacturing, and packaging testing, leading to the successful mass production of new products for data centers and AI applications [3]. - The company introduced new products in both passive and active components, enhancing its competitive edge in the market [3]. Group 3: Future Outlook - The company continued its strong growth trajectory into the first quarter of 2025, with total revenue of 436 million yuan, a year-on-year increase of 120.57%, and net profit reaching 93.19 million yuan, up 1003.78% [4]. - Increased sales orders have led to a rise in inventory and accounts receivable, indicating sustained strong downstream demand [4]. - The company's strategic positioning as a core supplier of optical modules is expected to strengthen further amid the ongoing AI industry wave and the accelerated upgrade of the optical communication industry [4].