T&S Communications Co., Ltd. (300570) has released its annual report for the year 2025. During the reporting period, the continued expansion of global computing power networks and the steady increase in demand for AI computing power have supported stable development in the optical communication industry. Factors such as data center upgrades and the deepening of China's "East Data, West Computing" project have consistently driven demand for products including high-density connectivity components, with the industry moving toward higher speeds, greater integration, and larger scale. The company has maintained its focus on the optical communication device sector, targeting the mid-to-high-end market and leveraging its core technological and manufacturing strengths to actively capture industry opportunities.
Financially, the company achieved operating revenue of 1.547 billion yuan in 2025, a year-on-year increase of 12.26%. Net profit attributable to shareholders reached 299 million yuan, up 14.43% compared to the previous year. Non-GAAP net profit grew by 12.61%, while basic earnings per share stood at 1.32 yuan, marking a 14.78% increase. The weighted average return on equity was 18.38%. Net cash flow from operating activities amounted to 152 million yuan.
In terms of market expansion, the company established platforms for marketing and customer engagement, actively participated in major domestic and international industry exhibitions, and showcased its core products and technological advantages to enhance industry recognition and market acceptance. Efforts to attract new clients were intensified, with a focus on identifying high-potential customers in areas such as optical communications and data centers, thereby optimizing the customer portfolio. Strategic customer relationships were strengthened through deepened collaboration with leading global clients, timely response to customer needs, and steady progress in joint projects, contributing to a gradual increase in market share.
On the technology and R&D front, the company adhered to an innovation-driven strategy, advancing the development of core technologies and products. Significant progress was made in MT ferrules, flexible optical routing boards, and high-density connectivity solutions, with related technological achievements playing a critical role in customer service and technical support, facilitating the successful implementation of related business operations.
Regarding production and delivery, the company focused on enhancing capacity and ensuring timely fulfillment. It steadily advanced the expansion of domestic production bases and systematically increased capacity utilization at its Vietnam facility, optimizing production layout and further improving large-scale manufacturing capabilities.
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