Hengtong Optic-Electric reports Revenue of 46.464 Billion Yuan in 2022

Updated:2023/4/28 15:16

Hengtong Optic-Electric has released its annual report for the year 2022, showing a revenue of 46.464 billion yuan, a YoY growth of 12.58%, a net profit of 1.584 billion yuan, a YoY growth of 10.25%, and a net profit of 1.540 billion yuan after deducting non-recurring gains and losses, a YoY growth of 13.64%. Among them, the revenue of Hengtong Optic-Electric's optical communication business in 2022 was 7.56 billion yuan, a YoY growth of 20.92%.

Hengtong Optic-Electric stated that the production and sales volume of its main communication products, such as optical rods, optical fibers, and optical cables, have all achieved YoY growth. In addition, since the second half of 2021, both domestic operators' tenders and overseas markets have shown a trend of rising demand and prices. The optical communication industry has achieved a good development trend at home and abroad, and the company's optical communication business achieved fast growth in 2022.

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