2020-04-26
ICC report: ZhongJi InnoLight Co., Ltd (hereinafter referred to as “ZhongJi InnoLight”) has released its 2019 annual report. It shows that operating income was nearly 4.758 billion yuan in the report period, decreasing by 7.73% year-on-year; net profit was about 513 million yuan, representing a year-on-year decrease of 17.59%. Among them, the operating income of optical module business was approximately 4.631 billion yuan, down 7.34% year-on-year.
|
|
2019 |
2018 |
Increase/Decrease over the previous year |
2017 |
|
Operating income (RMB) |
4,757,677,023.35 |
5,156,314,239.90 |
-7.73% |
2,357,083,470.26 |
|
Net profit attributable to shareholders of listed company (RMB) |
513,487,200.53 |
623,115,980.05 |
-17.59% |
161,505,416.37 |
|
Net profit attributable to shareholders of listed companies after deduction of non-recurring profit and loss (RMB) |
429,501,474.55 |
590,032,209.73 |
-27.21% |
264,658,859.15 |
|
Net cash flows from operating activities (RMB) |
569,457,698.94 |
660,013,526.46 |
-13.72% |
42,357,112.25 |
|
Basic earnings per share (RMB/Share) |
0.73 |
1.36 |
-46.32% |
0.50 |
|
Diluted earnings per share (RMB/Share) |
0.73 |
1.33 |
-45.11% |
0.50 |
|
Return on Equity (weighted average) |
8.29% |
14.32% |
-6.03% |
7.96% |
Product
10G/40G optical module businesses’ operating revenue has fallen to around 1.03 billion yuan, down 17.53% year-on-year, accounting for 21.65% of total revenue; 25G/100G/400G optical module’s operating income was 3.601 billion yuan, down 3.94% year-on-year, representing 75.69% of total revenue. For above 2 products (that is, high-end optical communication module), the total revenue was 4.631 billion yuan, down 7.34% year-on-year, accounting for 97.34% of the total revenue. Domestic market accounted for 72.64% of total revenue, while overseas market accounted for 27.36%.
2019
2018
Increase/Decrease
over the previous year
Amount
Proportion of Operating
Income
Amount
Proportion of
Operating Income
Total operating income
4,757,677,023.35
100%
5,156,314,239.90
100%
-7.73%
By industry
High-end optical communication
transceiver modules
4,631,002,471.24
97.34%
4,997,730,230.43
96.92%
-7.34%
Electric motor winding equipment
126,674,552.11
2.66%
158,584,009.47
3.08%
-20.12%
By product
10G/40G optical module
1,029,832,656.44
21.65%
1,248,762,806.50
24.22%
-17.53%
25G/100G/400G optical module
3,601,169,814.80
75.69%
3,748,967,423.93
72.71%
-3.94%
Single/Multi-process machine
42,217,620.86
0.89%
50,905,052.08
0.99%
-17.07%
Automatic production line
44,877,309.51
0.94%
74,102,335.75
1.44%
-39.44%
key components
39,579,621.74
0.83%
33,576,621.64
0.65%
17.88%
By region
Domestic
3,456,004,474.89
72.64%
3,808,003,225.83
73.85%
-9.24%
Overseas
1,301,672,548.46
27.36
1,348,311,014.07
26.15%
-3.46%
Production and Sales
4.62 million pieces of high-end optical communication transceiver modules have been sold, rising 9.48% year-on-year; the production volume was 4.25 million pieces, down 5.56% year-on-year; the inventory was 710 thousand pieces, down 34.26% year-on-year. For the main business of optical module, InnoLight Technology (Suzhou) Ltd., wholly controlled by ZhongJi InnoLight, has achieved a year-on-year increased sales performance of high-end optical communication transceiver modules in the report period, which has led to the drop of inventory.
|
Industry Category |
Item |
Unit |
2019 |
2018 |
Increase/ Decrease over the previous year |
|
High-end optical communication transceiver module |
Sales |
10000 pieces |
462 |
422 |
9.48% |
|
Production |
10000 pieces |
425 |
450 |
-5.56% |
|
|
Inventory |
10000 pieces |
71 |
108 |
-34.26% |
|
|
Electric motor winding equipment |
Sales |
Piece (Set) |
186 |
264 |
-29.55% |
|
Production |
Piece (Set) |
170 |
269 |
-36.80% |
|
|
Inventory |
Piece (Set) |
1 |
17 |
-94.12% |
In terms of optical communication transceiver module business, key domestic and North American cloud vendors have restored capital expenditure and data center business in the report period. By leveraging this trend and its advantages of good delivery capability and cost-effectiveness solutions, InnoLight Technology has maintained its market share of 100G and 40G digital communication products in the cloud data central market and even achieved a market share rise compared with the previous quarter. In addition, InnoLight Technology actively cooperated with key North American customers to conduct early planning of 400G products. In the report period, InnoLight Technology has shipped out a small batch of 400G products and achieved leading advantages in the industry.
InnoLight Technology continues to conduct in-depth planning of 5G market. It has developed business with many major equipment manufactures by supplying them with multiple series of products including fronthaul, mid-haul and backhaul optical modules. Among them, the shipments of 25G fronthaul optical module rank in the industrial leading position, which build a good foundation for improving company image and industrial position in domestic telecommunication market. Moreover, at the end of report period, InnoLight Technology has achieved good share in major equipment manufactures’ 5G bidding and maintained strong competitiveness in the industry.
