Suzhou TFC Optical Communication (300394) Q2 2025 earnings summary

Executive summary

• Achieved revenue of ¥2.456 billion in H1 2025, up 57.84% year-over-year, driven by AI and data center demand.

• Net profit attributable to shareholders reached ¥899 million, a 37.46% increase year-over-year.

• Data center and AI industry growth fueled both active and passive optical product sales.

• Continued global expansion with new production capacity in Thailand and a headquarters in Singapore.

• Maintained high R&D investment, with H1 2025 R&D spending up 11.97% year-over-year.

Financial highlights

• Revenue: ¥2,455,890,299.50, up 57.84% year-over-year.

• Net profit attributable to shareholders: ¥899,241,294.92, up 37.46% year-over-year.

• Operating cash flow: ¥608,178,009.04, up 26.65% year-over-year.

• Basic EPS: ¥1.1580, up 37.11% year-over-year.

• Gross margin for optical components: 50.54% (down from 57.00% year-over-year).

Outlook and guidance

• Expects continued growth from AI, cloud computing, and global data center expansion.

• Ongoing global supply chain diversification to mitigate trade risks.

• Focus on product innovation, cost control, and operational efficiency to sustain margins.