Riding the industry boom, Far East Smart Energy delivered leapfrog growth in its Q1 performance.
In the field of AI all-optical interconnection, Far East Smart Energy achieved a year-on-year revenue growth of 140.81% and a year-on-year net profit surge of 211.56% in the first quarter.
"At present, shipments to the data center sector account for 80% of the total volume of Far East Communication, a controlled subsidiary of Far East Smart Energy," said Xiang Decheng, Executive General Manager and Chief Operating Officer of Far East Communication.
Meanwhile, Far East Smart Energy unveiled a major capacity expansion plan, proposing to raise no more than 2 billion yuan for investment in the fully synthetic optical fiber preform project for AIDC and supplementary working capital.
With a sharper focus on AIDC, accelerated capacity expansion pace, stronger independent technology and optimized integrated layout, Far East is speeding up its stride toward a top-tier global position.
