"Yizhongtian" 2025 collective pre-announcement of positive results: New Eascom's net profit surges more than twofold, InnoLight nearly doubles.

On the evening of Friday, January 30th, with Zhongji Xuchuang and Innolight successively releasing their 2025 performance forecasts, the full-year performance outlook for the A-share CPO sector leaders—“Yizhongtian” for 2025—was officially unveiled.

According to the announcements, all three companies expect their 2025 net profit attributable to shareholders to achieve significant year-on-year growth. Innolight stands out with the most impressive increase, with annual net profit more than tripling compared to last year. Zhongji Xuchuang expects its highest annual net profit to double from last year, while TFC Communications disclosed last week an expected net profit increase of more than 40%.

The performance forecasts of the three companies reflect the continued benefits to the high-speed optical module and optical component industry chain amid the global wave of artificial intelligence (AI) computing power infrastructure construction. As leading players in specific market segments, Zhongji Xuchuang and Innolight are enjoying simultaneous growth in both revenue and profit under strong supply and demand for high-speed products; TFC Communications achieves steady growth thanks to its diversified product lines and manufacturing efficiency.

Against the backdrop of ongoing global data center construction and AI infrastructure upgrades, “Yizhongtian’s” positive performance outlook showcases the high-growth potential of the CPO and optical communication market segments, providing “report card level” data for the industry as a whole as it heads into 2026. The CPO concept stocks collectively rallied on Friday. On that day, Zhongji Xuchuang closed up by more than 5.7%, Innolight rose by more than 6.7%, and TFC Communications jumped 10.9%.

Zhongji Xuchuang: High-End Optical Modules Drive both Revenue and Profit

According to the company’s announcement, Zhongji Xuchuang’s net profit attributable to listed company shareholders in 2025 is expected to be between RMB 980 million and RMB 1.18 billion, representing an increase of about 89.5%–128.2% over RMB 517 million in 2024. Net profit excluding exceptional items is forecasted to grow by 91.4%–130.8% year-on-year.

The announcement pointed out that the company’s performance growth mainly benefited from continued strong investment from terminal customers in computing power infrastructure, rapid growth in optical module shipments, especially the increased proportion of high-speed optical modules. In addition, product solution optimization and improved operational efficiency have also contributed to improved profit margins. Some one-off factors (such as equity payment expenses, inventory impairment provisions, and exchange losses) have had some negative impact on profit, but the overall profit growth trend remains obvious.

Previously, Zhongji Xuchuang had already demonstrated strong growth in its mid-year and quarterly reports for 2025, with first half net profit increasing by over 50% year-on-year, laying a solid foundation for full-year performance growth.

Innolight: Continued High-Speed Growth, Strong Release of Computing Power Product Demand

Innolight expects its net profit attributable to listed company shareholders in 2025 to be RMB 9.4 billion to RMB 9.9 billion, a substantial year-on-year increase of 231.24% to 248.86%. Its net profit excluding exceptional items also demonstrates strong operational performance and a powerful growth momentum.

The company’s statement emphasized that this mainly stems from the sustained rise in AI-driven computing power investment and rapidly growing market demand for high-speed products (including optical communication devices).

Combined with its half-year forecast, the company’s net profit for the first half has increased by more than 320% year-on-year, indicating that the high growth momentum for the full year derives from robust orders and product delivery rhythms throughout the year.

Innolight’s bright performance in product structure optimization and deep cultivation in high-margin market segments has laid a solid foundation for explosive profit growth for the full year.

TFC Communications: Steady Growth Driven by Steady Release of Submarket Value

TFC Communications’ 2025 performance forecast shows the company’s net profit is expected to be RMB 1.881 billion–2.15 billion, a year-on-year increase of about 40%–60%. Net profit excluding non-recurring items is also expected to rise by a similar rate year-on-year.

According to the announcement and analyst comments, the company’s growth mainly benefits from the accelerated development of the AI industry, sustained global data center construction, and its ability to stably deliver both active and passive product lines of high-speed optical devices. In addition, smart manufacturing and cost reduction have contributed to steady profitability. Exchange losses and other factors have slightly increased financial expenses, but overall growth remains steady and upward.

Based on the third quarter report showing net profit of RMB 1.465 billion for the first three quarters, up 50% year-on-year, the full-year performance forecast is basically in line with market expectations.

Risk Notice and DisclaimerThe market has risks, and investment needs to be cautious. This article does not constitute personal investment advice, nor does it take into account the specific investment objectives, financial situation, or needs of individual users. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable to their specific circumstances. Any investment made accordingly is at your own risk.