Zhongji Xuchuang (300308.SZ): Currently, industry demand is still strong, and it is expected that the company's demand for 800G and 1.6T orders will continue to grow rapidly

According to Zhitong Finance App News, Zhongji Xuchuang (300308.SZ) issued an announcement. Benefiting from high industry prosperity and strong capital expenditure from major customers, and giving full play to the company's comprehensive advantages in R&D, customer introduction, production capacity and supply chain, the company achieved good month-on-month growth in the third quarter of 2026 compared to the second quarter. The first three quarters achieved operating revenue of 69.547 billion yuan, an increase of 178.13% over the previous year. Net profit attributable to shareholders of listed companies was 22.238 billion yuan, an increase of 211.81% year on year.

The increase in revenue in the third quarter of 2026 was mainly due to the continued expansion of the scale of shipments of high-end products such as 800G and 1.6T. Among them, revenue from 1.6T products accelerated further, which was an important driving factor for the increase in performance in the third quarter. The company continues to maintain a steady share of customers, customer orders continue to increase, and product prices and gross margin remain stable.

While demand is growing rapidly, the company actively prepared materials in the early stages and arranged key materials in advance through various methods such as signing long-term agreements, prepayment, and introducing new suppliers, effectively coping with material shortages, and achieving rapid month-on-month revenue growth. The company's gross margin continues to rise while revenue is growing rapidly, mainly due to improved product structure and increased silicon light ratio, which also reflects the effectiveness of the company's supply chain management initiatives.

Looking forward to the future, industry demand is still strong. Major customer orders have basically covered the whole of 2027, and some key customers have given clear demand guidelines for 2028. It is expected that the company's demand for 800G and 1.6T orders will continue to grow rapidly. Demand for next-generation optical interconnect products such as NPO and XPO will gradually be released in the second half of next year, and can be applied to scenarios such as scale-out and scale-up. The company is actively preparing materials and production capacity to prepare for better volume increases in 2027.