Yuanjie Technology, a leading optical chip company, recently released its 2023 annual performance report, saying that its operating income in 2023 will be about 144 million yuan, a year-on-year decrease of 48.96%, and the net profit attributable to shareholders of listed companies will be about 19.48 million yuan, a year-on-year decrease of 80.58%.
Yuanjie Technology is a leading enterprise focusing on the R&D, design, production and sales of optical chips, and the company's main products are optical chips, which are mainly used in the telecommunications market, data center market, vehicle lidar market and other fields.
Yuanjie Technology said that in the future, it will continue to deepen the optical chip industry, focus on improving the research and development capabilities of high-speed laser chip products, and strive to overcome the bottleneck of "stuck neck".
01
The annual operating income and net profit of the optical chip leader "double declined"
According to the financial report of Yuanjie Technology, in 2023, the company will achieve operating income of 144.4036 million yuan, a year-on-year decrease of 48.96%, a net profit attributable to shareholders of listed companies of 19.4798 million yuan, a year-on-year decrease of 80.58%, and a net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses of -238,700 yuan, a year-on-year decrease of 100.26%.
During the reporting period, the company's telecommunications market business achieved revenue of 133.0544 million yuan, a decrease of 43.83% over the same period of last year. The main reason is that the telecom market is affected by the slowdown in the inventory of downstream customers and the construction pace of terminal operators, the revenue of the telecom market business has declined sharply, and the price competition of some products in the domestic market has become increasingly fierce, as well as the change in the product structure of sales, resulting in a decline in the gross profit margin.
During the reporting period, the company's data center and other businesses achieved revenue of 4.7138 million yuan, a decrease of 89.47% over the same period of last year. The data center market is polarized. On the one hand, the demand in the field of traditional cloud computing has declined due to macroeconomic and technological development. On the other hand, the explosion of artificial intelligence has greatly boosted the demand for high-speed optical modules such as 400G and 800G. The company seized the market opportunity and sent 100GPAM4EML, CW light source and other products to many customers at home and abroad, and the relevant tests are progressing smoothly.
02
R&D expenditure was more than 30 million yuan, a year-on-year increase of 14.23%
Yuanjie Technology's financial report revealed that during the reporting period, the company continued to increase R&D investment, and the company's R&D expenditure in 2023 was 30.9461 million yuan, an increase of 14.23% over the same period last year. Moreover, the company has increased the investment in related technologies and equipment for high-speed optical chips and high-power optical chips.
In the field of optical fiber access, we have developed and tested 10GDFB products with differentiated solutions to customers, and continuously optimized and improved 10GEML products. For the next-generation 25G/50GPON optical fiber network, we develop and test related ONU and OLT terminal optical chip products to customers.
In the field of data center, 100GPAM4EML and 70mW/100mW high-power CW chips have completed product development and design finalization, and sent samples for testing on the client. In higher-speed application scenarios, the company has preliminarily completed the performance research and development and in-plant testing of 200GPAM4EML, and is continuously optimizing.
In terms of high-frequency performance verification of high-speed products, through the investment of high-end talents and equipment, the company focuses on strengthening the performance simulation of high-speed substrates, higher-speed bandwidth, and eye diagram test systems, which can quickly carry out chip-level performance evaluation and verification, and cooperate with the R&D iteration of high-speed chips.
In addition, through the implementation of fundraising projects, the company has further improved the production efficiency of the wafer process and steadily expanded its production capacity in the wafer link.
03
Overcome the bottleneck of high-speed laser chip "stuck neck".
For the future development strategy, Yuanjie Technology said that the company will be based on the strategic deployment of "one platform, two directions, and three keys", continue to deepen the optical chip industry, focus on improving the research and development capabilities of high-speed laser chip products, and strive to overcome the "bottleneck" bottleneck that needs to be broken through.
Among them, "one platform" refers to the company's efforts to build a benign talent echelon, accelerate the transformation of R&D achievements, and build a first-class talent platform on the basis of strengthening the integration of resources in the optical chip industry.
"Two directions" refers to the parallel development of vertical extension and horizontal development - in terms of vertical extension, we will continue to deepen vertically in the existing field of optical communication and launch higher rate laser chip products, and in terms of horizontal development, we will continue to expand new application scenarios of optical chips and actively explore the layout of lidar, consumer electronics and other fields.
The "three keys" refer to the three key technical capabilities required for the continuous cultivation and consolidation of the development of high-quality laser chip products in the field of optical communication, namely, forward-looking design and development and intellectual property rights, wafer process development echelon, high-end equipment application and corresponding process technology.
Yuanjie Technology said that in 2024, the company will continue to devote itself to the development of the basic links of the chip production process, covering the entire IDM business process of chip design, wafer manufacturing, chip processing and testing. At the same time, the company is committed to improving the global layout to further meet the needs of global customers.
Laser manufacturing network is organized according to the 2023 annual report of Yuanjie Technology Editor: Eleven Lang
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