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On October 23, TFC COMMUNICATION Co., Ltd. released its third-quarter report for 2024. In the first three quarters, it achieved an operating revenue of 2.395 billion yuan, a year-on-year increase of 98.55%; the net profit attributable to the shareholders of the listed company was 976 million yuan, a year-on-year increase of 122.39%. Among them, in the third quarter, it achieved an operating revenue of 839 million yuan, a year-on-year increase of 54.77%; the net profit attributable to the shareholders of the listed company was 322 million yuan, a year-on-year increase of 58.69%. This is mainly due to the development of AI technology and the increase in computing power demand. The construction of global data centers has driven the sustained and stable growth of the demand for high-speed optical device products. In particular, the demand for high-speed products has grown relatively rapidly, resulting in a year-on-year increase in the company's revenue.