Shijia Guangzi Q3 net profit up 226% to 271 million yuan, citing AI computing demand
In short
Shijia Guangzi (仕佳光子, 688313.SH) said third-quarter revenue rose 116.06% to 1.227 billion yuan and net profit attributable to shareholders rose 226.19% to 271 million yuan. For the first nine months, revenue was 2.722 billion yuan and net profit 586 million yuan. The company attributed the growth mainly to AI computing demand and a fast-growing data communications market.
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Shijia Guangzi (仕佳光子, 688313.SH) announced on October 21 that its third-quarter revenue was 1.227 billion yuan, up 116.06% from a year earlier. Net profit attributable to shareholders of the listed company was 271 million yuan, up 226.19%, according to CLS, Jiemian and 36Kr. Jiemian added that basic earnings per share for the quarter were 0.5995 yuan. [ 1 , 2 , 4 ]
For the first three quarters, the company reported revenue of 2.722 billion yuan, up 74.46%, and net profit attributable to shareholders of 586 million yuan, up 95.43%. Jiemian gave basic earnings per share for the period as 1.2959 yuan. CLS, Jiemian, Yicai and 36Kr all carried these figures. [ 1 , 2 , 3 , 4 ]
CLS reported that the company attributed the growth mainly to AI computing demand and rapid growth in the data communications market. According to CLS, the company also said it had adapted to market demand, its products' competitive advantages had become apparent, customer recognition had risen, and orders had increased from a year earlier. CLS added its own note that net profit of 271 million yuan in the third quarter compared with 199 million yuan in the second quarter, a quarter-on-quarter rise of 36%. [ 1 ]
On October 22, a Yicai stock commentary by Xiao Shijin (肖世金) described the company as one of the leaders in optical communications, noted its third-quarter growth, and said that if the share price holds its 10-day moving average there is room for a rebound. [ 5 ]
Why it matters
The results show strong year-on-year growth at the company, which it ties to demand for AI computing and data communications. The documents give no further basis for wider significance.
Key facts
- Third-quarter revenue was 1.227 billion yuan, up 116.06% year on year. [ 1 , 2 , 4 ]
- Third-quarter net profit attributable to shareholders was 271 million yuan, up 226.19% year on year. [ 1 , 2 , 4 ]
- Revenue for the first three quarters was 2.722 billion yuan, up 74.46%. [ 1 , 2 , 3 , 4 ]
- Net profit attributable to shareholders for the first three quarters was 586 million yuan, up 95.43%. [ 1 , 2 , 3 , 4 ]
- Basic earnings per share were 0.5995 yuan for the third quarter and 1.2959 yuan for the first three quarters, according to Jiemian. [ 2 ]
- The company announced the results on October 21. [ 1 , 2 ]
Confirmed by several sources
- Shijia Guangzi reported third-quarter revenue of 1.227 billion yuan (up 116.06%) and net profit attributable to shareholders of 271 million yuan (up 226.19%). [ 1 , 2 , 4 ]
- For the first three quarters the company reported revenue of 2.722 billion yuan (up 74.46%) and net profit attributable to shareholders of 586 million yuan (up 95.43%). [ 1 , 2 , 3 , 4 ]
Still unclear
- The causes of the growth. Only CLS gives the company's stated reasons: AI computing demand, a fast-growing data communications market, stronger product competitiveness, higher customer recognition and more orders than a year earlier.
- The quarter-on-quarter change in net profit. The 36% figure is CLS's own calculation from 271 million yuan in Q3 and 199 million yuan in Q2; no other outlet gives it.
What local media are saying
Timeline, local time
- CLS reports the company's announcement on October 21 of third-quarter results. [ 1 ]
- Jiemian publishes the results, including earnings per share. [ 2 ]
- Yicai publishes the nine-month net profit figure. [ 3 ]
- 36Kr publishes the nine-month and third-quarter figures. [ 4 ]
- On October 22, Yicai publishes a stock commentary mentioning the company's third-quarter growth. [ 5 ]