Stock Code: 300394
Subsidiaries
On October 24, the list of the 18th "China Listed Companies Value Selection" sponsored by Securities Times was announced. TFC COMMUNICATION Co., Ltd. once again won the title of "Top 50 Valuable Listed Companies on ChiNext". This is also the sixth time that the company has received this honor. This achievement is not only an affirmation of the development effectiveness of TFC COMMUNICATION Co., Ltd. in various aspects such as stable operation, standardized governance, profitability, and growth ability, but also a powerful proof of the company's comprehensive strength.
This selection comprehensively evaluated the performance of listed companies in multiple dimensions such as operation, finance, innovation, market influence, and social responsibility. The award won by TFC COMMUNICATION Co., Ltd. fully demonstrates the high recognition of the capital market and the media for the company's achievements in operation governance, scientific and technological innovation, and other aspects.
Standardized Management and Stable Operation
Over the years, TFC COMMUNICATION Co., Ltd. has adhered to the business philosophy of "taking R&D as the leading factor, the market as the orientation, and efficient operation as the foundation", and actively promoted the steady growth of its performance. In 2023, the company achieved an operating revenue of 1.939 billion yuan, a year-on-year increase of 62.04%, and a net profit of 730 million yuan. In the first three quarters of 2024, the operating revenue reached 2.395 billion yuan, a year-on-year increase of 98.55%, and the net profit was 976 million yuan. The company's revenue and profit have continued to grow.
Driven by R&D and Empowered by Innovation
R&D and innovation are the engines of the company's development and the fundamental driving force for maintaining high-quality growth. Since its establishment, the company has always adhered to the development concept of "taking R&D as the leading factor" to help customers succeed with new products and continuously reduce costs. In 2023, the company's R&D investment increased to 143 million yuan, a year-on-year increase of 16.74%. By the end of the year, it owned more than 240 patents and continued to maintain a high-intensity R&D investment. In the first three quarters of 2024, the company's R&D expenses increased to 173 million yuan, a year-on-year increase of 65.07%, and the R&D expense ratio reached 7.22%.
The company has accumulated a number of globally leading processes and patented technologies in key material fields such as precision ceramics, engineering plastics, and optical glass, and has formed a variety of technology and innovation platforms such as wavelength division multiplexing coupling, FA fiber array design, TO-CAN/BOX packaging, etc. The growth of computing power demand has driven the accelerated iteration of the speed of optical modules, and also put forward higher requirements for optical device products. The company continues to strengthen the pre-research of new technologies for high-speed products and strive to maintain its leading position in the niche field, providing customers with more innovative solutions.
Guided by ESG Management to Promote Sustainable Development
The company takes ESG management as an important support for leading the company's transformation and upgrading and enhancing its sustainable development ability. The company regards the release of ESG reports as an important focus for deepening the ESG development concept and promotes the continuous deepening of ESG practices. The company integrates the ESG development concept into all aspects of its business, practices green actions based on its main business, adheres to the development path of giving priority to the ecological environment and being green and low-carbon, and makes all-round efforts in the fields of employee safety and health, product safety and quality, supply chain management, social welfare, etc., to promote the healthy and sustainable development of the company.
In the future, the company will continue to focus on its main business, take the overall solution of optical communication devices and advanced optoelectronic packaging manufacturing as the two core business segments. By taking advantage of the rapid development opportunities in industries such as global artificial intelligence, cloud computing services, and new energy vehicles, it will focus on the industry field, make forward-looking arrangements, empower the company's development, accelerate the pace of global production capacity layout, increase the intensity of scientific and technological innovation, always adhere to the business philosophy of "Making Every Product Excellent with Craftsmanship", continuously create new value for customers, and promote the stable operation and development of the company.
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