Zhongji Innolight Co., Ltd. anticipates explosive growth in its full-year 2025 profit, with net profit expected to surpass the ten-billion-yuan threshold, primarily driven by the robust performance of its core optical module business.
According to a disclosure on January 31, the company forecasts its 2025 net profit attributable to shareholders of the listed company to be between 9.8 billion yuan and 11.8 billion yuan, representing a year-on-year increase of 89.50% to 128.17%. After deducting non-recurring gains and losses, net profit is projected to range from 9.7 billion yuan to 11.7 billion yuan, with a year-on-year growth rate of 91.38% to 130.84%.
This earnings forecast is a preliminary calculation by the finance department and has not been audited by an auditing firm. The company stated that specific annual 2025 financial data will be detailed in the subsequently released annual report, and investors should be mindful of investment risks.
Despite strong growth in its main operations, several financial factors partially offset the final net profit. The disclosure noted that due to the continued depreciation of the US dollar, the reporting period incurred approximately 270 million yuan in exchange losses. Furthermore, the company made provisions for inventory impairment on potentially obsolete stock and for credit impairment losses on accounts receivable, collectively reducing net profit by about 113 million yuan.
Concurrently, the restricted stock incentive plan and employee stock ownership plan implemented by the company recognized share-based payment expenses, leading to a reduction in net profit attributable to shareholders of the listed company of approximately 223 million yuan. On the other hand, investment income provided a positive contribution to the company's performance. During the reporting period, primarily stemming from income from investments in associates recognized under the equity method and fair value changes of other equity investments, the company recognized a gain of about 296 million yuan, of which approximately 48 million yuan was classified as non-recurring gains and losses.
As the company's core growth engine, the optical module business demonstrated strong profit elasticity in 2025. After excluding the impact of share-based payment expenses, the optical module business achieved a consolidated net profit of approximately 10.8 billion yuan to 13.1 billion yuan.
This figure represents a growth rate of 90.81% to 131.44% compared to the 5.66 billion yuan reported for the same scope in 2024. After accounting for various expenses and profit/loss impacts, the listed company's overall consolidated net profit reached approximately 10.5 billion yuan to 12.7 billion yuan, with the highest year-on-year increase reaching 136.42%, further confirming the company's competitive advantage and market expansion capabilities in its core business segment.
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