Sales of high-end optical modules have surged! Zhongji Innolight's net income last year increased by 137.90% year-on-year | Earnings Reports insights.

Thanks to the continuous construction of computing power infrastructure by end customers and strong growth in capital expenditure, Zhongji Innolight's sales of 800G and 400G high-end optical modules have greatly increased, with both revenue and net income significantly rising year-on-year.

wallstreetcnFeb 28 06:19 ET

Zhongji Innolight (300308.SZ): Plans to establish a joint venture focusing on the research, development, manufacturing, and global promotion of liquid cooling heat dissipation solutions and core components.

On February 28, Gelonghui reported that Zhongji Innolight (300308.SZ) announced plans to jointly establish Guangdong Shenlin Intelligent Cooling Technology Co., Ltd. (tentative name, subject to final registration), with Guangdong Hec Technology Holding Co., Ltd. (referred to as "Hec Cooling"). The company will invest 51 million yuan for a 51% share, while Hec Cooling will invest 49 million yuan for a 49% share. Hec Cooling is a wholly-owned subsidiary of Guangdong Hec Technology Holding Co., Ltd. The joint venture aims to integrate the resources of both parties and focus on liquid cooling.

Gelonghui FinanceFeb 28 05:57 ET

Express News | Zhongji Innolight Prelim 2024 Net Profit up 137.9% Y/Y

ReutersFeb 28 05:49 ET

Zhongji Xuchuang: 2024 Annual Results Report

SZSIFeb 28 05:46 ET · Announcements

Guangdong Hec Technology Holding (600673.SH): A subsidiary plans to establish a joint venture with Zhongji Innolight to engage in the R&D, production, and sales of liquid thermal management components and system solutions.

On February 28, Glonghui reported that Guangdong Hec Technology Holding (600673.SH) announced that its wholly-owned subsidiary, Guangdong Hec Liquid Cooling Technology, signed a "Liquid Cooling Investment Cooperation Agreement" with Zhongji Innolight. Both parties plan to jointly invest in establishing a joint venture company in Guangzhou, engaged in the research and development, production, and sales of liquid thermal management components and system solutions. The registered capital of the joint venture company is 100 million yuan, of which Guangdong Hec Liquid Cooling Technology intends to contribute 49 million yuan, accounting for 49% of the registered capital; Zhongji Innolight intends to contribute 51 million yuan, accounting for 51% of the registered capital. With the rapid iteration of AI technology and the explosive growth of computing power demand.

Gelonghui FinanceFeb 28 04:40 ET

Those Who Invested in Zhongji Innolight (SZSE:300308) Three Years Ago Are up 314%

Simply Wall StFeb 26 18:08 ET