InnoLight released its performance report for the first half of 2023. During the reporting period, InnoLight achieved operating revenue of approximately 4.004 billion yuan, a decrease of 5.37% year-on-year. The net profit attributable to shareholders of the listed company was approximately 614 million yuan, an increase of 24.63% year-on-year. The net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was approximately 583 million yuan, an increase of 31.55% year-on-year.
During an investor survey, InnoLight stated that the demand and orders for the company's 800G products are continuously increasing. The shipments of 800G in the second half of this year will show a significant increase compared to the first half. The gross profit margin of 800G is higher than that of other products. With continued cost reduction and efficiency improvement, the company is expected to maintain a good level of gross profit margin.
The company has begun to gradually expand its 800G production capacity to enhance order delivery capabilities and meet the rapid growth in demand for 800G from major customers. It is expected that capital expenditure in this area will continue to increase.