Eoptolink reports preliminary first quarter 2024 financial results

　　Eoptolink(SZSE: 300502) is a leading designer and manufacturer of advanced optical transceiver modules and subsystems high-speed communications networks. Eoptolink reported preliminary financial results for the three months ended March 31, 2024.

　　First Quarter 2024 Financial Performance

　　Net revenues were RMB 1112.854 million, an increase of 85.41% year-over-year. The Eoptolink benefited from continued capital expenditures by data center operators, and net revenues increased significantly from the same period last year.

　　Net Profit was RMB 324.54 million, an increase of 200.96% year-over-year, and resulting in diluted net income per share of RMB 0.46.

　　Gross margin was 42%,an increase of 7.96% year-over-year.It shows that the company has made remarkable progress in cost control and profitability.

　　In the future, with the increasing demand and construction of data centers, data centers will become one of the main application areas of optical modules. At present, the company has achieved batch shipment of 100G, 400G and 800G optical module products, and has successfully launched the industry's latest 800G/1.6T optical module products based on single-wave 200G optical devices. The high-speed optical module product portfolio covers VCSEL/EML, silicon optical, thin film lithium niobate and other technical solutions. Launched 400G, 800G ZR/ZR+ coherent optical module products, and 400G/800G optical modules based on the LPO scheme. The company will further strengthen the research and development and production capacity of new products and technologies related to the application field of AI/ML cluster and cloud data center, continue to promote market development, and further enhance the competitiveness of the company's products in the core application field.