On August 25, 2026, Chengdu Eoptolink Technology Co., Ltd. released its semi-annual report for 2026. During the first half of the year, Eoptolink generated revenue of 20.91 billion yuan, a year-on-year increase of 100.34%, while net profit attributable to shareholders of the listed company reached 7.529 billion yuan, up 90.98% year-on-year. The net profit after deducting non-recurring gains and losses stood at 7.511 billion yuan, reflecting a growth of 90.92%. Concurrently, cash flow from operating activities totaled 1.616 billion yuan, marking a 69.67% increase compared to the same period last year, with basic earnings per share reaching 5.41 yuan. By the end of the reporting period, total assets had expanded to 36.647 billion yuan, up 41.60% from the end of 2025, and net assets attributable to shareholders rose to 24.297 billion yuan, an increase of 35.56%.

Eoptolink attributes this robust performance primarily to the surging investment in artificial intelligence computing power. Its core products serve AI computing clusters, cloud data centers, and telecommunications networks, with 400G, 800G, 1.6T, and higher-speed optical interconnect products emerging as the primary growth engines. The company has developed a comprehensive technology portfolio encompassing traditional pluggable optical modules, LPO/LRO, XPO, NPO, and CPO solutions. In the first half, optical interconnect product revenue reached 20.883 billion yuan, up 100.59% year-on-year and accounting for the vast majority of total revenue, with operating costs rising 96.84% to 10.764 billion yuan. The gross margin for these products improved by 0.99 percentage points to 48.46%.

Production and sales data reveal significant capacity expansion, with annual production capacity for optical interconnect products reaching 28.36 million units, up from 15.2 million units in the prior-year period. Output increased from 7.1 million to 10.91 million units, while sales volumes grew from 6.95 million to 11.19 million units. High-speed product development continues to accelerate, with Eoptolink positioning itself as one of the few global manufacturers capable of mass-producing and delivering optical modules above 800G, as well as being among the first worldwide to mass-produce and ship 1.6T optical modules. In March 2026, the company unveiled 1.6T DR4 optical modules based on single-lane 400G PAM4 technology, along with 6.4T NPO solutions and 12.8T XPO pluggable optical modules.

Revenue remains heavily concentrated in overseas markets, with international optical interconnect product sales reaching 20.46 billion yuan during the period. Reflecting the rapid business expansion, inventory, accounts receivable, and prepayments have grown substantially. As of the end of June, inventories had climbed to 11.655 billion yuan, a 61% increase from the 7.234 billion yuan recorded at the end of 2025, driven by rising revenue and deliberate stockpiling in anticipation of orders. Meanwhile, accounts receivable expanded from 4.438 billion yuan to 7.548 billion yuan, representing a 70% surge, and prepayments jumped from 16.96 million yuan to 870 million yuan due to higher advance payments for materials. Accounts payable also increased from 3.726 billion yuan to 7.125 billion yuan. These factors have created a noticeable gap between profit growth and cash flow generation.

In parallel, Eoptolink continues to bolster its production capabilities. Cash payments for fixed assets, intangible assets, and other long-term assets reached 1.264 billion yuan during the first half, compared with 545 million yuan in the same period last year, while net cash flow from investing activities stood at negative 1.292 billion yuan. Consequently, cash and cash equivalents declined by 682 million yuan, influenced by fixed asset investments, higher material payments, and the implementation of the 2025 annual dividend distribution. Research and development investment totaled approximately 440 million yuan, up 31.85% year-on-year and accounting for 2.1% of revenue, with all R&D expenditures expensed and none capitalized. The company's current market capitalization stands at 558.9 billion yuan.