C114 Annual Report 2022 was issued on 27 April in the evening of the news (Southmounts) photovoltaic day. The report shows that, in 2022, a total of $6912 million was achieved, an increase of 6.56 per cent, as compared with a net profit of $608 million, an increase of 7.25 per cent. The net after-service profits of $546 million were deducted, representing an increase of 16.16 per cent.
Growth comes mainly from foreign markets. Domestic market camps received $4,976 million, a slight increase of 0.19 per cent, and foreign market camps received $2,536 million, an increase of 19.69 per cent.
The report also shows that, in 2022, the amount of R&D was 707 million yuan, down by 5.4 per cent.
Skinetically, during the reporting period, new types of company products were expanding, with better progress being made in data centres 800G high-speed products, sewing access combo PON series, 400G DCO series products, and companies providing new products to meet market and customer needs. Companies are also actively expanding the range of products from other emerging industries, and some products have made good progress.
The main advantage of the company is comprehensive product coverage, with vertical integration capacity from chips, packages, modules to subsystems, with photochips, copied seals, hardware, software, testing, structure and reliability seven technical platforms that support the company’s presence of sourcers and modules, non-sourcers and modular products. The major corporate performance drivers are growth in industrial market capacity and contribution of new products, and performance changes are consistent with industry development. There is room for improvement in the allocation of resources, in-house management efficiency. Future market prospects are generally positive and corporate development spaces are great, requiring companies to strengthen strategic planning and layout, work to improve market efficiency, research and development and operating efficiency, acquire key core technology through key skilled personnel and develop larger market spaces.
The company has several types of lasers and detectors, as well as SiP chip platforms, lasers such as FP, DFB, EML, VCSEL chips, detectors such as PD chips, APD chips, and the company’s photochip products can support direct moderation and matching programmes.