Shijia Photons (688313) released its 2026 third-quarter report on October 21, showing third-quarter revenue of 1.227 billion yuan, up 116% year-on-year; net profit attributable to shareholders of 271 million yuan, up 226% year-on-year; and non-GAAP net profit of 270 million yuan, up 227% year-on-year.
The company's net profit attributable to shareholders grew 25% and 61% year-on-year in the first and second quarters of this year, respectively, with third-quarter growth significantly outpacing the prior two quarters.
Shijia Photons said the substantial revenue increase this year was mainly driven by AI computing power demand and rapid growth in the data communications market, while the company adapted to market needs, its product competitive advantages became more prominent, customer recognition improved, and orders increased compared with the same period last year.
The significant profit growth also benefited from the company's continuous improvement in operational management capabilities, strengthened cost reduction and efficiency enhancement efforts, improved product yield rates, enhanced product competitiveness, and higher profitability.
According to research materials, Shijia Photons focuses on the optical communications industry and has built three core business segments: optical chips and devices, indoor optical cables, and cable polymer materials. It has established an IDM full-process business system covering chip design, wafer manufacturing, packaging and testing, and terminal products, forming a unique advantage with a "passive + active" dual-chip platform. The company possesses full industrial chain synergy advantages and core technical barriers, with a solid and continuously improving industry position.
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