In the second quarter, China Starlight pointed out that the current product shipments are still more than last year to see the return of temperature, but the market still has many uncertainties, the future operations still need to continue to observe, the industry evaluation of China Starlight 2.5G Pon is still high, the first half of operation to see the surplus still challenges. Huaxing main production of optical communications active components, products include optical communications active components of the module (To-can, OSA), optical communications active component chips and grains, optical communications Optical transceiver module of the foundry services. Last year, the proportion of individual product revenue, to 1.25G-oriented epon accounted for 16~22%; Gpon products accounted for more than 40%;
The remaining modules account for about 30%. Recalling the first quarter of China Starlight operation, by a number of products including 10G Pon, 2.5G Pon and Datacenter 100G module shipments are increased over the same period last year, also led China Starlight quarterly revenue performance came to 483 million yuan, the annual increase of 20%, but by 2.5G PON Price is not ideal,
Although shipped to see a significant return to temperature, but the relative should also suppress China star gross profit margin performance, one-quarter gross profit margin-7%, after-tax net loss of 113 million yuan, EPS-1.23 yuan, one-quarter operation is still a loss. In the second quarter operation, the April China Starlight revenue remained stable before the month level, one-month revenue of 194 million yuan, due to optical communications, cloud products shipments compared to the same period last year, the increase in revenue of about 94%, but the star of the performance growth is still relatively conservative, the growth of the main reason is that the market is relatively lower than the last trough improved, However, there are still many uncertainties in the evaluation of the following market conditions, including the Sino-US trade war will have no further impact, still need to continue to observe, but to shipments, China Starlight pointed out that Datacenter 100G products shipments since the second half of last year has been increasing, although not to a large volume, but shipments have seen robust increase, 10G
Pon shipments also saw an increase in the previous quarter.
Industry assessment, in the first half, China Starlight operation, although see improvement, but under the influence of 2.5G pon price is not good, in 10G Pon and Datacenter 100G and other product revenue proportion is still not high enough to see, the surplus is still under pressure, the second half of the need to continuously observe customer order performance. Huaxing last year's performance continued to be the main market in China FTTH demand cooling effect, product shipments reduced, although at the end of the year by the 2.5G pon shipments pull, revenue recovery, but the product gross margin is not good, to the fourth quarter of the quarterly loss of income expansion, the annual tax net loss of 659 million yuan, EPS-8.05