[Zhongji InnoLight announced the recent production and operation situation: full orders on hand, healthy product pricing system] On October 23, Zhongji InnoLight issued an announcement on the company's recent production and operation situation at noon today. The company's current production and operation are normal, the supply chain is stable, the production capacity utilization rate is sufficient, and customer order demand is strong. From 2017 to 2025, the company's operating income increased from 2.357 billion yuan to 38.240 billion yuan, with an average annual compound growth rate of 41.67%; the net profit attributable to shareholders of listed companies increased from 162 million yuan to 10.797 billion yuan, with an average annual compound growth rate of 69.03%. Operating income in the first half of 2026 was 41.778 billion yuan, a year-on-year increase of 182.49%; net profit attributable to shareholders of listed companies was 13.651 billion yuan, a year-on-year increase of 241.70%. In the future business development, the company will use its existing advantageous resources to continue to expand optical interconnection solutions, seize the opportunity of rapid industry development, continue to strengthen core competitiveness such as technological innovation, rapid mass production, scale advantages, and quality assurance, further optimize and broaden the company's high-end product series, and maintain stable operating performance. Downstream demand remains high, and the company has full orders on hand. In overseas markets, orders from major customers have been placed until 2027, and some key customers have given clear guidance on demand in 2028. It is expected that the demand for high-end optical modules such as 1.6T and 800G will maintain rapid growth, and the demand for next-generation optical interconnect products such as NPO and XPO is also expected to be gradually released. In the domestic market, the construction of AI computing power infrastructure is advancing rapidly, and the demand for 400G, 800G and other products is also expected to grow further. The product pricing system is healthy and industry competition is orderly. At present, downstream demand is growing rapidly, manufacturers with large-scale delivery capabilities are limited, the market price system is healthy, and product quotations to customers are relatively rational. The company will continue to enhance its supply chain security capabilities and maintain good delivery capabilities by providing diversified product solutions, strategically binding with core suppliers, and signing long-term supply agreements. Optical interconnection technology continues to iterate, and the industry's technical barriers are expected to be further improved. The company will actively develop next-generation optical interconnect solutions around full-scenario network architectures such as scale-out, scale-up, scale-across and scale-in, and further increase investment in research and development of 1.6T, 3.2T and higher-rate optical modules. At the same time, it will actively develop next-generation products such as NPO and XPO. It has already carried out cooperative research and development and sample delivery with key customers on some products. Relying on the company's years of accumulation and first-mover advantages in core technology fields such as silicon photonics, TFLN, and coherence, the company will continue to consolidate its technological leadership and accelerate the research and development and industrialization process of next-generation products.